Hibiscus Petroleum has moved a step closer to completing its acquisition of Repsol’s upstream assets in Malaysia and Vietnam after the Spanish company’s project partners waived their pre-emption rights.
Malaysian IT and energy sector service provider Dagang Nexchange (DNeX) is closing in on a deal to increase its stake in North Sea minnow Ping Petroleum to 90%.
Malaysian-listed Hibiscus Petroleum has confirmed it will buy a handful of Southeast Asian assets from Spain’s Repsol for $212.5 million.
Spanish player Repsol has agreed to sell its operated assets in Malaysia and Block 46 CN in Vietnam to Kuala-Lumpur listed Hibiscus Petroleum. Operating the new assets will mark a massive step up for Hibiscus.
Malaysian oil firm Hibiscus Petroleum and Ithaca Energy, of Aberdeen, have agreed to jointly develop a pair of North Sea discoveries.
Malaysian operator Hibiscus Petroleum has picked Worley to provide engineering and design services for its Marigold project in the UK North Sea.
Malaysian operator Hibiscus Petroleum and Ithaca Energy expect to decide whether they can jointly develop a pair of North Sea fields by the end of this week.
Malaysian IT and energy sector service provider Dagang Nexchange (DNeX) has reached a deal to take its shareholding in North Sea minnow Ping Petroleum to 90%.
Petronas MPM hopes to lure investors to Malaysia’s shallow-water and late-life assets after revealing new fiscal terms as part of an ongoing effort to revive its domestic upstream sector. The move could help Malaysia steal a march on neighboring countries.
The former boss of Malaysian national oil company (NOC) Petronas, Tan Sri Wan Zulkiflee, has joined ExxonMobil’s board of directors, in a move that has surprised some industry watchers.
Hibiscus Petroleum has said it has now entered into “exclusivity arrangements” on an FPSO for its Marigold project in the North Sea.
Mergers and acquisitions have been slowed by the COVID-19 outbreak. But as companies embrace the energy transition opportunities will arise
Anasuria Operating Company has appointed Peter Kavanagh, a former North Sea boss at Petrofac in Aberdeen, as its new chief operating officer.
Dana Petroleum is going back out to its supply chain for help plotting the way ahead for a UK North Sea development project.
Malaysian IT and energy sector service provider Dagang Nexchange (DNex) has announced plans to acquire the remaining stakes in Ping Petroleum.
Hibiscus Petroleum plans to move ahead with its Marigold project in the UK North Sea next year, with safeguards against delays around Covid-19.
A North Sea operator has said it is increasing food stocks on its flagship production asset “in case supply becomes limited” due to the Covid-19 outbreak.
Maintenance on its main production vessel and a drop in the oil price more than halved profits at Malaysia’s Anasuria Hibiscus.
Malaysian oil firm Hibiscus Petroleum has completed the acquisition of the Crown discovery in the North Sea for a fee which could rise to £4 million.
North Sea oil and gas minnow Ping Petroleum could soon be under new ownership, it is understood.
The chairman of the Health and Safety Executive has called out “complacency” on cyber security within oil and gas and other sectors across the UK.
Hibiscus Petroleum said today that its IT system was "subjected to an attack" last week.
A pipeline is expected to be installed next month as part of plans to revitalise Ithaca’s Cook field in the North Sea.
A new water injection well has been drilled to boost production from Ithaca’s Cook field in the North Sea.
Hibiscus Petroleum has largely attributed a surge in profits to its North Sea operations.