Japan’s JGC has confirmed that together with Samsung Heavy Industries (SHI), that it has been awarded the front end engineering design (FEED) contract for a nearshore floating liquefied natural gas (FLNG) facility in Malaysia developed by Petronas.
Petronas’ giant Kasawari carbon capture and storage (CCS) project, which the company describes as one of the largest in the world, is progressing towards a final investment approval in 2022 after the Malaysian energy company invited bids for front-end engineering and design (FEED) contracts.
Malaysian state energy company Petronas has confirmed the award of two front-end engineering design (FEED) contracts, to a JGC-Samsung Heavy Industries consortium and to Saipem, as part of an international dual FEED design competition for its nearshore floating liquefied natural gas (FLNG) project in Sabah in Malaysia.
Thailand’s PTT Exploration & Production (PTTEP) (BKK:PTTEP) has struck a second gas discovery in Baram province in Block SK417 in shallow waters about 180 kms off the coast of the Malaysian state of Sarawak.
Malaysia’s state-owned energy company Petronas is preparing to take a final investment decision (FID) on its third multi-billion dollar floating liquefied natural gas (FLNG) unit after awarding front-end engineering and design (FEED) contracts. The new-build floater project, dubbed ZLNG, will help solve challenges commercialising gas offshore Sabah in Malaysia.
Harbour Energy (LON:HBR) and its Russian partner Zarubezhneft have successfully completed their appraisal drilling campaign at the Tuna Block in the Natuna Sea offshore Indonesia with positive results at both wells.
EnQuest has cut its production estimates for 2021 off the back of "challenging" issues at the Magnus and Kraken fields in the North Sea.
State-backed Malaysian energy company Petronas has signed a pact with Baker Hughes to collaborate on technological developments supporting the energy transition.
State-backed Malaysian energy company Petronas will jointly explore opportunities in carbon capture and storage (CCS) technologies with ExxonMobil (NYSE:XOM), to help decarbonise Malaysia’s upstream industry and provide storage solutions for Asia.
China has again been contesting Malaysian oil and gas activity in the South China Sea. This time Beijing has been targeting Thai state-backed upstream player PTT Exploration & Production’s (BKK:PTTEP) upstream drilling operations offshore Sabah.
Petrofac (LON: PFC) has won a $96million contract with Petronas to build a new onshore gas plant in the Malaysian state of Sarawak.
The Malaysian government and state-backed Petronas have made commitments to cut greenhouse gas emissions. However, these goals become particularly challenging when many undeveloped fields with high levels of carbon dioxide (CO2) and hydrogen sulfide need to be tapped to backfill Malaysia’s LNG export complex in the coming years.
South Korea’s Posco International has officially been awarded a production-sharing contract (PSC) for Block PM524 in Peninsular Malaysia.
Malaysia’s state-owned energy company Petronas is planning to build a third multi-billion dollar floating liquefied natural gas (FLNG) unit to help solve challenges commercialising gas offshore Sabah in Malaysia as part of an effort to appease ConocoPhillips (NYSE:COP) and Shell (AMS:RDSA) following losses related to an upstream development.
China’s announcement at the United Nations General Assembly that it will no longer build any new coal-fired power plants abroad accelerates the energy transition in Asia’s emerging markets but also raises challenges, according to a new analysis by the IHS Markit Global Power and Renewables service.
Malaysian national energy company Petronas is expected to accelerate final investment decisions (FIDs) for upstream oil and gas projects between 2022 and 2023 following a sharp decline over 2020-21, according to the latest research from Rystad Energy.
State-backed Thai player PTT Exploration & Production’s (PTTEP’s) new chief executive, Montri Rawanchaikul, intends to strengthen the firm’s core upstream business in Southeast Asia, while preparing for new energy opportunities.
Malaysia’s state energy company Petronas said that a fire broke out at its giant liquefied natural gas (LNG) export complex in Bintulu, Sarawak, on Tuesday, but that operations are unaffected.
Malaysian driller Velesto Energy said that a contract to provide a jack-up drilling rig to ConocoPhillips for work offshore Sarawak in Malaysia has been officially terminated after the unit sunk in early May.
A production issue at the Shell-operated Gumusut-Kakap field offshore Sabah in East Malaysia will see exports of the country’s flagship crude oil Kimanis fall in October and November, reported Reuters.
Malaysia's state energy company Petronas and Japanese oil giant Eneos are exploring opportunities to develop a clean hydrogen supply chain between the two nations.
Carbon capture and storage (CCS) will play an important role in decarbonising liquefied natural gas (LNG), but the pace of progress remains too slow, writes Gavin Thompson, Asia Pacific vice chair, Wood Mackenzie.
By identifying gaps in the well services market and working closely with established international partners, Wellvene has significantly expanded its global reach over the last three years.
Malaysia’s national energy company Petronas is considering selling some of its oil assets to bolster its finances as the federal government seeks a bigger dividend and to help streamline its business for the energy transition. Overseas assets in Africa, Middle East and Southeast Asia could be put up for sale.
Petronas has awarded two new small field asset (SFA) production-sharing contracts (PSCs) to Singapore-listed Rex International for the Rhu-Ara and Diwangsa clusters offshore Peninsular Malaysia.