Malaysian oil and gas company Petronas said Friday it had recently signed two agreements with U.S. major ExxonMobil to jointly pursue Carbon Capture and Storage (CCS) projects in Malaysia.Petronas and ExxonMobil have committed to defining the next steps…
Japan's oil and gas company Inpex has executed Production Sharing Contracts (PSC) for two offshore blocks in Malaysia.Inpex executed the contracts with Petronas, Petronas Carigali Sdn. Bhd. (PCSB) and Petroleum Sarawak Exploration & Production Sdn…
Longboat Energy, an oil and gas company so far mostly focused on offshore oil and gas operations offshore Norway, is expanding internationally with the recent award of an offshore exploration block in Malaysia.Longboat said Wednesday it had won a Production Sharing Contract (“PSC”) for Block 2A…
South Korean shipbuilder Samsung Heavy Industries said Thursday it had received an order for an offshore production facility from 'an Asian shipowner.' According to reports, the client is Petronas, and the order is for an FLNG unit.The contract amount is KRW 1…
Petra Energy Berhad has secured a contract extension with Petronas for production, operation, and maintenance services at the Banang offshore oil field. The agreement runs until August 6, 2024. Its scope under the extension includes the provision of production…
Dutch offshore survey firm Fugro said Wednesday it had received a 'sizeable' contract from Petronas Carigali Brunei, for the Kelidang Cluster gas field development project.Under the contract, Fugro will carry out various site characterization…
Oilfield services firm Baker Hughes has won a contract with Malaysia Marine and Heavy Engineering (MMHE) to supply carbon dioxide (CO2) compression equipment to Petronas Carigali's Kasawari offshore carbon capture and sequestration (CCS) project in Sarawak…
Malaysian state oil firm Petronas said on Tuesday it had decided to develop the Kasawari carbon sequestration project in offshore Sarawak as part of the final investment decision (FID) on the venture. Petronas said the project - located in Block SK316 off Bintulu town - is expected to reduce 3…
Murphy Oil Corp said on Friday it failed to encounter commercial hydrocarbons after concluding drilling at a well in Block 5 of the Salina Basin offshore Mexico.The company is the operator and holds a 40% working interest in Block 5, while Malaysia's…
Malaysian oil and gas company Petronas Carigali on Wednesday announced an oil and gas discovery at the Nahara-1 well in Block SK306, in Malaysia.The discovery is located in the shallow waters of Balingian Province, about 150 kilometers from Bintulu…
Malaysian oil and gas company Petronas together with its Petroleum Arrangement Contractors (PACs) recorded a total of 10 oil and gas discoveries in Malaysia in 2022, following the increase of exploration activities in the country. Eight oil and gas discoveries were made off the coast of Sarawak…
Malaysia's state energy firm Petronas said on Monday it would work with JX Nippon Oil & Gas Exploration Corp. on a joint proposal to monetize gas potential in the Bujang, Inas, Guling, Sepat, and Tujoh (BIGST) fields located off the shores of peninsular Malaysia…
The Brazilian oil company Petrobras has launched a tender for the supply of two FPSOs for the shared reservoirs of Atapu and Sépia, with bids expected to be received in July 2023 and production to start in 2028. The offshore production units…
Four out of the eleven blocks on offer in the Santos and Campos Basins offshore Brazil, were acquired as part of Brazil's first cycle of the Open Acreage in the production-sharing model (OPP), held Friday by the country's oil and gas regulator…
Malaysia's state energy firm Petroliam Nasional Berhad, or Petronas, on Wednesday posted a near doubling of its third quarter profit and warned of continuing volatility in oil and gas prices. The company reported a profit of 30.8 billion ringgit in the July-September period…
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