French energy major TotalEnergies has has signed an agreement with Austria’s OMV to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream for $903 million.The transaction includeds the transfer of a $350 million loan granted by OMV to SapuraOMV…
Esgian's latest market roundup for the fourth week of 2024 brings several updates on new oil discoveries and plans for exploration drilling across the world, together with reports about new contracts and mobilization of rigs. ContractsDragon…
Malaysia’s Petronas has awarded Production Sharing Contracts (PSCs) for six exploration blocks and one Discovered Resource Opportunities (DRO) cluster under the Malaysia Bid Round 2023.The awards are expected to garner more than $275 million (RM 1…
Offshore engineering and construction firm McDermott has been awarded a contract from Malaysia Marine and Heavy Engineering (MMHE) for the Kasawari Carbon Capture and Storage (CCS) project, located offshore Sarawak in East Malaysia.Under the scope of the contract…
Malaysia’s Petronas Carigali and Thai PTTEP have signed agreements related to the development of PTTEP-operated oil and gas Blocks SK405B and SK410B located off the coast of Sarawak, offshore Malaysia.Petronas and PTTEP signed a memorandum of…
Esgian has released its Week 51 Rig Analytics Market Roundup, highlighting regulatory action in the United States.The Biden Administration has published the final 2024–2029 National Outer Continental Shelf Oil and Gas Leasing Programme with “the fewest oil and gas lease sales in history…
PTTEP has made three consecutive oil and gas discoveries offshore Malaysia and says it is strategically poised to expedite the development of these discoveries through a cluster development approach.Montri Rawanchaikul, CEO of PTTEP, disclosed that PTTEP’s subsidiary…
PETRONAS and its Petroleum Arrangement Contractors recorded 19 exploration discoveries and two exploration-appraisal successes, contributing over 1 billion barrels of oil equivalent (bboe) of new resources for Malaysia in 2023. This achievement…
Offshore drilling contractor Diamond Offshore Drilling said Monday it had entered into a drilling contract with an independent operator to utilize the Ocean BlackRhino drillship for work offshore Guinea-Bissau. The Ocean BlackRhino was awarded…
Shell has started the construction of the onshore plant for the Rosmari-Marjoram project with a ground-breaking event in Bintulu.The ceremony, held Thursday, was officiated by the Premier of Sarawak, Yang Amat Berhormat Datuk Patinggi Tan Sri…
BP CEO Bernard Looney's abrupt resignation has thrown the British oil major into a leadership crisis with no groomed front-runner to succeed him, company and industry sources said on Wednesday.Several current and former BP insiders were seen as potential candidates to succeed Looney…
Longboat Energy, an E&P company active in Norway and Malaysia, has agreed to acquire privately held Topaz Number One Limited ('Topaz'), increasing its working interest in the Production Sharing Contract over Block 2A offshore Sarawak, Malaysia ('Block 2A') to 52…
Malaysia's Petroliam Nasional Berhad (Petronas) will focus on bolstering its capital position to deal with increasing volatility in the energy market and 'restrictive' access to financing, the state oil firm's chief executive said on Wednesday…
Sarawak Shell Berhad, a subsidiary of Shell plc, has announced that gas production has started at its Timi platform in Malaysia under the SK318 production sharing contract.Timi features Shell’s first wellhead platform in Malaysia that is powered by a solar and wind hybrid power system…
Offshore drilling contractor Diamond Offshore announced its semisubmersible rig Ocean Apex has commenced a two-well drilling campaign for Woodside Energy in Australia.The rig recently underwent a five-year special periodic survey at the Seatrium…
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