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EnQuest Awarded Block PM409 PSC

Dec 04, 2019

Independent oil and gas production and development company EnQuest said it has been awarded the Block PM409 Production Sharing Contract (PSC) in partnership with Petronas Carigali Sdn Bhd (PCSB) by Petronas. Under the terms of the PSC, EnQuest will operate the block with a participating interest of 85.0%, with PCSB owning the remaining 15%Block PM409 measures approximately 1,700 square kilometers and is located offshore Peninsular Malaysia in water depths of 70 to 100 meters…

Petronas Carigali Charters Perdana AHTS

Jan 20, 2020

Malaysian oil company Petronas Carigali has chartered an anchor handling tug supply vessel from Perdana Petroleum.The vessel already started its contract with Petronas Carigali on December 24, 2019 but it is only on Monday, January 20, that Perdana announced the deal…

Barakah Offshore Files Petronas Carigali Claim

Jan 17, 2020

Malaysian offshore oilfield services company Barakah Offshore Petroleum has filed a claim against the compatriot oil company Petronas Carigali for unpaid work and has threatened to seek Petronas' winding up unless it gets paid what it is owed…

Dayang Clinches Two i-HUC Awards With Petronas

Jan 14, 2020

Malaysian oilfield services provider Dayang has won two contracts with the country's oil and gas giant Petronas.Dayang said Tuesday that the contracts were for the provision of integrated hook-up and commissioning (i-HUC) services for Petronas Carigali through Package B: SBA and Package D: SKO…

THHE Fabricators Can Bid for Petronas Work Again

Jan 14, 2020

Malaysian oil and gas construction and services company THHE Fabricators is allowed to bid for Petronas' contracts again.Petronas blacklisted the THEE Fabricators from bidding as a contractor for its upstream oil and gas-related tenders after…

First Gas Flows From SapuraOMV's SK408 Block

Jan 13, 2020

SapuraOMV, an E&P joint venture between Malaysia's Sapura and Austrian OMV, has started the first production from SK408 block, off Malaysia, bringing online the Larak gas field. The SK408 gas fields are part of discoveries made by SapuraOMV Upstream in a drilling campaign in 2014…

Shell Presses Ahead with Malikai Phase 2

Jan 13, 2020

Oil giant Shell has made a decision to invest in the second phase of its Malikai deepwater development offshore Malaysia.In an announcement on Monday, Shell's Malaysian subsidiary Sabah Shell Petroleum Company, the operator of the Malikai Tension-Leg Platform (TLP) located offshore Sabah…

Malaysia Spot Crude Premiums Hit Multi-year High

Dec 23, 2019

Asia-Pacific refineries are forking out multi-year high premiums for sweet crude produced in the region as alternative supplies from the West have become more expensive with the rise in shipping costs, several trade sources said on Monday.Lower…

Petronas Buys Stake in Andaman III Block

Dec 23, 2019

Malaysia's state-owned oil and gas company Petronas has acquired 49% of Repsol SA's participating interest in Andaman III oil and gas block off the coast of Aceh, Indonesia, according to a Petronas statement released on Monday.Repsol will still hold a 51% stake in the block after the deal…

Layang Field Starts Oil Production

Dec 20, 2019

Commercial oil production started earlier this month from Layang field on Block SK10 offshore Sarawak, Malaysia, operator JX Nippon Oil & Gas Exploration Corporation announced this week.Layang, which has been producing natural gas since May 2017…

Malaysian State Open to Buying Petronas Stake

Dec 11, 2019

Malaysia's Terengganu state said on Wednesday it was open to buying a stake in national energy giant Petronas, after Prime Minister Mahathir Mohamad said he was considering such a sale to raise funds for his heavily-indebted federal government…

FTR Continues Year-on-year Growth

Dec 09, 2019

Fulkrum Technical Resources (FTR), global provider of technical personnel specializing in QA/QC, inspection and vendor surveillance services to the energy industry, announced recent contract wins resulting in year-on-year growth of more than 55%…

Petronas Quarterly Profit Halves

Nov 26, 2019

Malaysia's state energy firm Petroliam Nasional Bhd said on Tuesday its third-quarter profit nearly halved due to lower demand and impairment charges, and warned of further risks to demand.Profit for the July-September period at Petronas, as the company is better known…

Sarawak Seeks to Recoup Tax from Petronas

Nov 21, 2019

Malaysia's state of Sarawak filed a writ summons and statement of claim against national energy firm Petroliam Nasional Bhd on Thursday to recover taxes owed, according to media reports.National news agency Bernama reported that the company…

Rebooting What’s Possible in India’s Gas Market

Nov 07, 2019

‘To lose patience is to lose the battle’ -Mahatma GandhiIndia is something of a conundrum for global LNG players. I recently returned from a week in Delhi, just as the capital was making headlines for one of the worst episodes of air pollution…

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