Shell today confirmed it sold one of its refining companies for $66.3million.
A worker has died after an incident at a Petronas processing plant in Malaysia.
Kuala Lumpur-based Hibiscus Petroleum has entered into a conditional agreement to buy Shell’s interests in four producing oil fields off Malaysia.
Petronas said it is considering selling its majority stake in a $27billion Canadian liquefied natural gas (LNG) plant.
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.
TH Heavy Engineering (THHE) said it has parted ways with US engineering firm McDermott.
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.