Petronas is planning further job cuts as it continues to manage through the lower oil price.
A Malaysian port authority has ordered the suspension of operations at a fuel terminal following an oil spill, a news report said.
Aberdeen crane engineering firm Sparrows Group will expand its operations in the Asia Pacific market after teaming up with a Malaysian firm.
Aberdeenshire-based Paradigm Flow Services has won a contract for deepwater work in Malaysia.
A “hijacked” Malaysian oil tanker is thought to have been taken in a commercial dispute, a news report said.
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 Drilling has signed a memorandum of Deepsea Metro I with Petronas to drill a well offshore Malaysia.
Malaysia has opened up its territorial waters in a bid to stimulate offshore E&P investment activity.
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 said it has completed the Maligan exploration well offshore East Malaysia and encountered significant gas shows.
Lundin Petroleum has signed farm-out agreements with Dutch firm Dyas for part of its working interests in three production sharing contracts in Malaysia.
Shell has reached a conditional agreement with Malaysian Hengyuan International Limited (MHIL) for the sale of its shareholding in the Shell Refining Company for $66.3million.
Lundin Petroleum has commenced drilling of the Maligan exploration well offshore Malaysia.
Lundin Petroleum said it has hit oil after completing work on the Bambazon exploration well offshore East Malaysia. The company said the well encountered 15 metres of reservoir pay with oil shows over three main reservoir intervals.
Malaysia's Petronas plans to cut expenses by as much as $11.4billion over the next four years and defer some projects, according to reports.
Lundin Petroleum has commenced drilling of the Bambazon exploration well offshore East Malaysia. The company said the well, in Block SB307/SB308, is in shallow water and lies to the north of a major producing field.
Lundin Petroleum has commenced drilling of the Imbok-1 exploration well in Blocks SB307 and SB308, offshore East Malaysia.
Lundin has plugged and abandoned its Selada-1 exploration well in Malaysia after it proved to be dry.
Scottish gas turbine company Score Energy has made two new appointments in its Kuala Lumpur based in Malaysia.
A Scottish technology company, which has developed pioneering new technology to help flush out fish bombers who damage endangered coral reefs in Malaysia, is set to feature in a documentary programme.
Lundin Petroleum has made a small gas discovery offshore Malaysia. The company said its subsidiary, Lundin Malaysia, made the find from the Mengkuang-1 exploration well in license PM307. The well had been targeting hydrocarbons in Miocene-aged sands 75km to the northwest of the Bertam field operated by Lundin Malaysia.
Technip has been awarded a subsea contact by JX Nippon Oil and Gas exploration in Malaysia. The deal will see the company cover the engineering, procurement, fabrication, installation and commissioning of three flexible pipes in the Layang field, offshore Sarawak. The flexible pipes consist of two production risers and flowlines and one gas export riser and flowline, connecting shallow water platforms to a new FPSO (Floating Production Storage and Offloading Unit).
Technip has been awarded a contract worth as much as $100million to supply three hydrogen reformers as part of a greenfield facility at a Petronas Rapid refinery project in Malaysia.
Malaysia's Petroliam Nasional Bhd (Petronas) PETR.UL said it is committed to its Canadian liquefied natural gas (LNG) project despite the tumble in oil and gas prices which has hurt the state-owned oil company's profitability. The project would see Petronas build an export terminal near the British Columbia port city of Prince Rupert, a natural gas pipeline and ongoing gas development. Petronas had reached a deal with British Columbia in May on the proposed project, drawing it closer to its final investment decision. "Petronas would like to reaffirm its commitment to deliver long term LNG supply to its customers through the Pacific NorthWest LNG project in Canada, despite the current market volatility for oil and gas," its chief executive officer for Upstream, Wee Yiaw Hin, said in an emailed statement.
Aker Solutions has been awarded a contract from Murphy to deliver the subsea production system for the Rotan deepwater natural gas development offshore Malaysia.