Petronas and Japan Petroleum Exploration (JAPEX) will collaborate on carbon capture and storage (CCS) opportunities in Malaysia as the nation aims to become a CCS hub for Southeast Asia. As part of a separate agreement, Petronas is also exploring and studying CCS solutions with Shell (LSE:RDSA).
Japan’s Japex will sell its 10% stake in a Canadian shale gas project to Malaysia’s Petronas amid concerns over profitability and its carbon footprint.
Japan Petroleum Exploration Company (JAPEX) has suspended its Soma LNG import terminal operations after a magnitude 7.3 earthquake hit Fukushima prefecture late Saturday.
Indonesia is taking proactive steps in a bid to avoid a sharp drop in upstream production as state-backed Pertamina takes over more legacy assets from international oil companies (IOCs).
French engineering firm TechnipFMC has been awarded a North Sea contract for the Seagull development by joint venture (JV) partners Neptune Energy and BP.