Vista Energy finalises $1.2bn acquisition of Petronas’ 50% stake in La Amarga Chica oil block
Vista Energy acquires Petronas’ 50% stake in La Amarga Chica for $1.2bn, expanding its Vaca Muerta oil footprint and boosting total output by 47%. Read More
Shell begins oil production from Phase 4 of Gumusut-Kakap-Geronggong-Jagus East development
Sabah Shell Petroleum Company Ltd (SSPC), a subsidiary of Shell plc, has commenced oil production from Phase 4 of the Gumusut-Kakap-Geronggong-Jagus East development (GKGJE), marking ... Read More
PETRONAS joins forces with Energy Institute to accelerate Asia’s energy transition
PETRONAS has formed a strategic partnership with the Energy Institute, marking a significant step toward advancing Asia’s energy transition. This collaboration positions PETRONAS as the ... Read More
Energy stocks to watch: Eni and PETRONAS to launch JV to dominate LNG in Southeast Asia
Eni S.p.A. and Petroliam Nasional Berhad (PETRONAS) have inked an exclusive Memorandum of Understanding (MoU) to explore the creation of a joint venture (JV) holding ... Read More
EnQuest expands South East Asian presence with $84m Vietnam deal
EnQuest PLC has taken a strategic step to expand its operations in South East Asia by acquiring Harbour Energy’s Vietnam business. The $84 million acquisition ... Read More
TotalEnergies strengthens Malaysia gas portfolio with $1.4bn SapuraOMV acquisition
TotalEnergies, a leading force in the global energy sector, has finalised the acquisition of SapuraOMV Upstream, marking a significant expansion of its operations in Malaysia. ... Read More
ADNOC secures PETRONAS partnership for Ruwais LNG project
Abu Dhabi National Oil Company (ADNOC) has solidified its position as a global leader in sustainable energy by converting a prior understanding with Malaysia’s Petroliam ... Read More
Why ExxonMobil left Block 52 and what it means for Suriname
ExxonMobil’s decision to withdraw from its 50% stake in Suriname’s offshore Block 52 marks a key turning point for the company’s operations in the Suriname-Guyana ... Read More
PETRONAS revenue up, profit down as foreign exchange boosts revenue, but higher taxes hit profit
PETRONAS, Malaysia's state-owned energy giant, reported a revenue increase to RM171.7 billion (approximately USD 36.06 billion) for the first half of 2024 (1H 2024), up ... Read More
PETRONAS teams up with ADNOC and Storegga for carbon capture project in Malaysia
PETRONAS, the Abu Dhabi National Oil Company (ADNOC), and Storegga have announced a significant Joint Study and Development Agreement (JSDA) to enhance carbon dioxide (CO2) ... Read More