Gas shortfall threat should spur new investment in Malaysia, Woodmac says
Malaysia offers some of the most material and attractive upstream investment opportunities in Southeast Asia due to supply shortages, according to Wood Mackenzie.
Malaysia
Malaysian firm presses on with plans for North Sea blocks
Malaysian oil firm Hibiscus Petroleum said today that it expects to have a field development plan in place for two UK North Sea blocks by the end of this year.
Investment in safety should be reviewed following cost cuts, Malaysian oil guru says
Malaysian oil and gas leader Sofiyan Yahya will encourage industry to review investment in "front line" safety practices at a global conference in Kuala Lumpur on November 7.
TechnipFMC wins contract for project off Malaysia
TechnipFMC has won a contract for subsea work off Malaysia on Murphy Sabah Oil's Block H gas development project.
Saudi Aramco in biggest downstream investment outside of Kingdom
Saudi Aramco has made its biggest downstream investment outside of the Kingdom.
Saudi Aramco pledged $7bn to Malaysia refinery scheme, report says
Saudi Aramco will invest $7billion in an oil refinery project in Malaysia, the country’s prime minister said.
Nippon, Petronas starts commercial operations from Sarawak complex
Nippon Oil & Energy Corp has said its venture with Petronas has started commercial operations at the LNG complex in Bintulu, Sarawak.
Technical glitch stops petrol pumps at 900 Shell stations in Malaysia
Oil major Shell is reportedly facing technical problems at around 900 stations in Malaysia.
Shell sells of refining company for $66.3million
Shell today confirmed it sold one of its refining companies for $66.3million.
Worker dies, two others injured at Petronas processing plant
A worker has died after an incident at a Petronas processing plant in Malaysia.
Shell could sell Malaysia assets for $25m
Kuala Lumpur-based Hibiscus Petroleum has entered into a conditional agreement to buy Shell’s interests in four producing oil fields off Malaysia.
Petronas considering sale of $27bn Canadian LNG asset
Petronas said it is considering selling its majority stake in a $27billion Canadian liquefied natural gas (LNG) plant.
Canada approves $27bn Petronas LNG project
Canadian Prime Minister Justin Trudeau’s government has approved Petroliam Nasional Bhd’s C$36 billion ($27 billion) Pacific NorthWest liquefied natural gas project on British Columbia’s Pacific coast.
THHE and McDermott part ways on low oil price
TH Heavy Engineering (THHE) said it has parted ways with US engineering firm McDermott.
Petronas plans more job cuts
Petronas is planning further job cuts as it continues to manage through the lower oil price.
Vitol subsidiary’s Malaysia terminal shut following oil spill
A Malaysian port authority has ordered the suspension of operations at a fuel terminal following an oil spill, a news report said.
Sparrows strikes up alliance with Malaysian firm
Aberdeen crane engineering firm Sparrows Group will expand its operations in the Asia Pacific market after teaming up with a Malaysian firm.
Paradigm secures new Malaysia contract
Aberdeenshire-based Paradigm Flow Services has won a contract for deepwater work in Malaysia.
Update: Pay dispute, not terrorism behind Malaysian tanker ‘hijacking’
A “hijacked” Malaysian oil tanker is thought to have been taken in a commercial dispute, a news report said.
Malaysian oil tanker ‘hijacked’ and taken to Indonesia
Unknown hijackers have captured an oil tanker with 900,000 litres on board and sailed it into Indonesian waters, Malaysian officials were cited as saying in a news report.
Odfjell set for Petronas drilling project
Odfjell Drilling has signed a memorandum of Deepsea Metro I with Petronas to drill a well offshore Malaysia.
Malaysia opens waters to multi-client seismic survey model
Malaysia has opened up its territorial waters in a bid to stimulate offshore E&P investment activity.
Oil companies move from Singapore to Malaysia in bid to save costs
Multinational oil companies are said to be pulling staff out of Singapore and moving them to Malaysia in a bid to save costs, according to reports.
Lundin Petroleum hits gas offshore Malaysia
Lundin Petroleum said it has completed the Maligan exploration well offshore East Malaysia and encountered significant gas shows.
Lundin agrees Malaysian farm outs
Lundin Petroleum has signed farm-out agreements with Dutch firm Dyas for part of its working interests in three production sharing contracts in Malaysia.