Upstream M&A in Southeast Asia: will the oil and gas majors divest in 2023?
Will 2023 see the majors, including ExxonMobil, Chevron, Shell, BP, ConocoPhillips, TotalEnergies, and Eni, divest upstream oil and gas assets in Southeast Asia?
PETRONAS
Brunei set to expand long-term LNG supply to Japan
Brunei LNG will start supplying liquefied natural gas (LNG) to Japan Petroleum Exploration Co. (JAPEX) from April as the company seeks to stabilise finances by boosting shipments to its largest export destination, reported Nikkei Asia.
Petronas and ExxonMobil sign CCS project deals
Petronas has signed two project development agreements with ExxonMobil (NYSE:XOM) to jointly pursue carbon capture and storage (CCS) activation projects in Malaysia.
Malaysia’s MISC teams up with Japan’s Mitsui and Korea’s SHI on CCS
Malaysia’s international energy shipping company MISC, which is closely tied to Petronas, has signed agreements with Japan’s Mitsui, South Korea’s Samsung Heavy Industries (SHI), and Austria’s ANDRITZ, to explore carbon capture and storage (CCS) solutions in the maritime value chain.
Petronas awards Fugro deal to progress Kelidang offshore Brunei
Dutch company Fugro said Wednesday it had received a "sizeable" contract from Malaysia’s Petronas Carigali, for the Kelidang Cluster gas field development project offshore Brunei.
Ping Petroleum wins first Malaysia oil and gas PSCs
Petronas has awarded Ping Petroleum two production sharing contracts (PSCs) for discovered oil and gas resources in Malaysia marking the company’s debut in its home country.
$16bn of oil and gas investment expected in Asia-Pacific in 2023
There's a $16bn project pipeline predicted for 2023 in Asia-Pac, but nearly a third are at high-risk of delay.
Baker Hughes wins work for Petronas’s giant Kasawari CCS
Baker Hughes will supply carbon dioxide (CO2) compression equipment to Petronas Carigali’s Kasawari offshore carbon capture and storage (CCS) project in Sarawak, Malaysia, after winning a deal with Malaysia Marine and Heavy Engineering (MMHE).
Petronas awards EPCC prize for FLNG power plant
Malaysia’s Petronas has awarded local engineering company Kejuruteraan Asastera Berhad (KAB) a MYR230 million (US$52.6 million) engineering, procurement, construction, and commissioning (EPCC) contract for a 52MW power plant for an upcoming floating liquefied natural gas (FLNG) project.
JGC celebrates third Petronas nearshore FLNG win
JGC will oversee work on the FLNG topsides, onshore facilities and management of the overall project. SHI will handle hull work and modular fabrication of the topside.
Borr adds two more contracts, nears 100% utilisation
Borr Drilling has signed contracts for two of its jack-up rigs, in the Middle East and Southeast Asia.
Petronas awards FLNG deal to JGC and Samsung Heavy Industries
Japan’s JGC and South Korea’s Samsung Heavy Industries will build Petronas’ third floating liquefied natural gas (FLNG) project after winning the engineering, procurement, construction and commissioning (EPCC) contract.
Malaysia doubles exploration success in 2022 with 10 discoveries
Petronas and its Petroleum Arrangement Contractors (PACs) recorded a total of 10 hydrocarbon discoveries in Malaysia in 2022, following the increase of exploration activities in the country.
Repsol and Petronas’ Andaman deepwater probe disappoints in Indonesia
Repsol’s (BME:REP) much-anticipated Rencong-1X wildcat exploration well in the frontier deep-waters of Indonesia’s North Sumatra basin has failed to find commercial oil and gas reserves.
Chad deals come unstuck for Savannah Energy
It took only days for Savannah Energy’s plans for Chad to come unstuck, as the government threw up objections to its ExxonMobil acquisition.
Shell to sell its share in Malaysia’s Baram Delta for $475m
Shell (LON:SHEL) said Tuesday that it has agreed to sell its stake in two offshore production sharing contracts (PSCs) in Malaysia’s Baram Delta to Petroleum Sarawak Exploration & Production (PSEP).
Savannah completes Exxon deal, inks South Sudan purchase
Savannah Energy (LON:SAVE) has completed its acquisition of ExxonMobil’s (XOM) assets in Chad and Cameroon, while launching a new deal this morning to acquire Petronas’ (KLSE:PETGAS) interests in South Sudan.
More CCS for Malaysia as Petronas and JX Nippon team up
Petronas Carigali has entered into a heads of agreement with JX Nippon Oil & Gas Exploration Corporation (JX Nippon) to collaborate in developing a joint proposal to monetise the gas potential within the Bujang, Inas, Guling, Sepat and Tujoh (BIGST) fields, located offshore Kerteh, Terengganu, Malaysia.
Pertamina starts negotiations with Shell to buy Masela stake in Indonesia
Indonesia’s state-backed energy company Pertamina has started official negotiations with Shell (LON:SHEL) to acquire the Anglo-Dutch supermajor’s 35% share of the undeveloped Abadi LNG project in the Masela Block offshore Indonesia.
Petronas strikes oil and gas off Sarawak
Malaysia’s Petronas Carigali has discovered oil and gas at the Nahara-1 well in Block SK306, located in the shallow waters of Balingian Province about 150 kilometres from Bintulu, off the coast of Sarawak, offshore Malaysia.
Petronas signs historic unconventional deal in Abu Dhabi
Petronas has signed a concession for the first unconventional oil concession in the Middle East, during a high-level visit.
Malaysia’s Petronas doubles profits as oil and gas markets remain volatile
Malaysia’s Petronas has reported a near doubling of its third quarter profit and warned of continuing volatility in oil and gas prices on Wednesday.
Petronas gives investment approval for giant CCS project in Malaysia
Petronas has taken a final investment decision (FID) for the development of its giant Kasawari carbon capture and storage (CCS) project offshore Sarawak in Malaysia. Significantly, it will be one of the first large scale CCS schemes in Southeast Asia and takes Malaysia closer to its goal of becoming a regional hub for carbon storage solutions.
Japan’s Mitsui on the hunt for carbon storage in Asia Pacific
Japanese trading house Mitsui is seeking carbon storage sites across Asia Pacific as it aims to sequester 15 million tonnes per year by 2035 for companies in Japan.
Explosion at Petronas’ Sabah-Sarawak Gas Pipeline in Malaysia
Malaysia’s Petronas has confirmed reports of a fire incident at the Sabah-Sarawak Gas Pipeline (SSGP), nearby Lawas, Sarawak, following an explosion on Wednesday.