PETRONAS, Malaysia’s leading oil and gas company, has announced the commencement of a significant offshore multi-client 2D seismic survey in the Straits of Melaka. The survey aims to explore and map the hydrocarbon potential in the open blocks of PM320 and PM321 in the Langkasuka Basin. Enhancing Seismic Data Pool for Hydrocarbon Discovery This seismic […]
In a significant advancement for Suriname’s hydrocarbon sector, Petronas has announced a new oil discovery within offshore Block 52 following the successful drilling of the Roystonea-1 exploration well. This promising find was made by Petronas Suriname E&P, a subsidiary of the Malaysian energy giant. Suriname’s Hydrocarbon Landscape Bolstered by New Oil Find in Block 52 […]
Marking a pivotal stride in Sarawak’s energy landscape, the Sarawak Integrated Sour Gas Evacuation System (SISGES) project celebrates its launch with a cornerstone-laying event for its initial phase of the Bintulu onshore gas plant. Key Insights: Leadership Presence: The Premier of Sarawak, Datuk Patinggi Tan Sri Dr Abang Haji Abdul Rahman Zohari Tun Abang Haji […]
Shell’s subsidiary, Shell Upstream Overseas Services (SUOS), has agreed to sell its 35% stake in Indonesia’s Masela Production Sharing Contract (Masela PSC) to local firm PT Pertamina Hulu Energi (PHE) and PETRONAS Masela. This agreement, including the Abadi gas project, sees a base consideration of $325 million in cash, with an extra contingent amount of […]
TotalEnergies, in partnership with Petrobras, QatarEnergy, and PETRONAS Petróleo Brasil Ltda (PPBL), has officially signed the production sharing contract (PSC) for the Agua Marinha block. The contract was awarded during the Open Acreage under Production Sharing Regime – 1st Cycle conducted by Brazil’s National Petroleum Agency (ANP) in December 2022. The signing took place on […]
Baja oil discovery in Suriname: Petronas said that its subsidiary Petronas Suriname E&P (PSEPBV) has announced an oil discovery in Suriname through the drilling of the Baja-1 exploration well in offshore Block 53. According to the Malaysian oil and gas company, the Baja-1 well is situated nearly 189km off the coast of Suriname at a […]
FAR Ltd has taken full ownership of Blocks A2 and A5 in Gambian waters after its fully-owned subsidiary FAR Gambia Ltd acquired an additional 50% stake in the two blocks from PC Gambia Ltd, a subsidiary of Petroliam Nasional Berhad (PETRONAS). The financial terms of the deal were not disclosed. According to FAR Ltd, the […]
PJSC Lukoil has wrapped up the previously announced $1.45 billion acquisition of an additional 9.99% stake in the Shah-Deniz gas project, offshore Azerbaijan from Petronas. The Russian oil and gas company has now increased its stake in the Shah-Deniz field in the Caspian Sea from 10% to 19.99%. The deal was announced last October under […]
TechnipFMC has signed an agreement with Malaysian oil and gas firm PETRONAS’ subsidiary PETRONAS Technology Ventures Sdn Bhd (PTVSB) for commercializing a natural gas processing membrane, which is claimed to cut down greenhouse gas (GHG) emissions. Under the technology commercialization agreement, TechnipFMC will leverage and incorporate its membrane-based technology that is licensed from the Malaysian […]
Lukoil signed a deal worth $2.25 billion with Malaysian oil and gas company Petronas for acquiring an additional stake of 15.5% in the Shah Deniz gas project. The Russian oil and gas company will be able to increase its stake in the offshore gas project from 10% to 25.5% through the deal. Energy giant BP […]