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Malaysia

Oil & Gas

Lundin hits gas offshore Malaysia

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.

Oil & Gas

Technip wins JX Nippon Malaysia contract

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).

Oil & Gas

Petronas says it remains committed to Canadian LNG project

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.

Oil & Gas

Shell Malaysia to cut 1,300 jobs in its upstream division

Shell Malaysia is set to reduce its headcount by 1300 members of staff in its upstream division over the next two years. The oil major said the move was as a result of a continued focus on improving efficiency and reducing complexity which would allow it to become a more “agile and competitive” firm. The announcement comes just a day after Shell revealed it was pulling out its Arctic drilling programme.

Oil & Gas

Plexus wins Petronas deal for equipment in Malaysian marketplace

Plexus Holdings has won a deal with Petronas to help launch its wellhead equipment into the Malaysian marketplace. The deal will see the use of the company’s POS-Grip wellhead equipment which has been commissioned as part of its JV (Joint Venture) with (IPS) Integrated Petroleum Services. IPS, an upstream support services business to the offshore oil and gas industry in Malaysia and the Asia Pacific region, is already a licensed vendor to Petronas.

Oil & Gas

Malaysian navy in contact with pirates aboard hijacked tanker Orkim Harmony

A Malaysian naval vessel has located the hijacked tanker Orkim Harmony in Vietnamese waters and is trying to persuade the pirates onboard to surrender, promising them they will be unharmed, Malaysian maritime officials said on Thursday. Both the crew and the cargo are safe, and the navy is in the midst of negotiations with the robbers, officials with the Malaysia Maritime Enforcement Agency (MMEA) said in a press briefing in Kuala Lumpur. Malaysia's Chief of Navy Admiral Abdul Aziz Jaafar said on his Twitter account that at least eight perpetrators were on board the Orkim Harmony armed with pistols and machetes.

Oil & Gas

Lundin hits dry well in Malaysia

A well drilled by Lundin Petroleum in offshore Malaysia has come up dry. The company said it had completed the Kitabu-1 well located in blocks SB307/SB308, offshore Sabah. The objectives for the well had been Miocene aged turbidite sands of similar age to the Shell operated South Furious 30 oil field.

Oil & Gas

Shell produces first oil on Malaysian platform

Oil giant Shell has produced its first oil from the Gumusut-Kakap floating platform off the coast of Malaysia. It is the latest in a series of Shell deep-water contracts and the platform is expected to reach an annual production of around 135,000 barrels per day (bpd) once fully ramped up.