Hibiscus Petroleum Berhad, through its indirect wholly-owned subsidiary Straits Hibiscus Sdn Bhd, has entered into an agreement to acquire a 30% Participating Interest in the Block PM327 Production Sharing Contract from PETRONAS Carigali Sdn Bhd. This strategic farm-in arrangement, which is currently awaiting regulatory approvals, marks a significant step for Hibiscus Petroleum in expanding its […]
McDermott has recently been awarded a significant offshore contract by Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) for the Kasawari Carbon Capture and Storage (CCS) project, situated offshore Sarawak in East Malaysia. This project stands as a notable milestone in the realm of environmental sustainability and energy transition. Scope of McDermott’s Contract Under this […]
Sarawak Shell Berhad (SSB), a subsidiary of Shell plc, has commenced production at its Timi gas field in Malaysia under the SK318 production sharing contract (PSC). Notably, Timi is Shell’s first wellhead platform in Malaysia to utilize a solar and wind hybrid power system. Designed for high efficiency, the unmanned platform is around 60% lighter […]