Petronas, through its wholly-owned subsidiary Petronas Suriname E&P, has signed a Production Sharing Contract (PSC) for Block 66, located in the deepwater region offshore Suriname.The agreement was signed with Staatsolie Maatschappij Suriname and Paradise Oil Company (POC), a wholly-owned subsidiary of Staatsolie.Under the PSC, Petronas holds the operatorship with 80% participating interest, while POC holds the remaining 20%…
Idemitsu Kosan Co has acquired interests in two oil and gas blocks located off the coast of Sarawak in Malaysia from South Korean SK earthon, and signed production sharing contracts (PSC) for the developments.The acquired interests are for the Block SK427…
Yinson Production and “K' Line Energy Shipping (UK) (KLES), a London-based subsidiary of Kawasaki Kisen Kaisha ('K' LINE), have entered into an agreement to jointly develop and market solutions for the transportation and injection of liquefied CO2…
Woodside Energy and Petronas, through its subsidiary Petronas LNG, have signed a non-binding heads of agreement (HoA) for the supply of 1 million tonnes per annum of LNG to Malaysia from 2028 for a period of 15 years.The LNG would be supplied…
MODEC has renewed its joint research and development (R&D) agreement with Terra Drone for the non-destructive internal inspection of crude oil storage tanks on floating production, storage, and offloading systems (FPSOs) using Terra UT drones…
Malaysian FPSO leasing firm Yinson Production has closed of the previously announced $1 billion investment from a consortium of global investor to further drive its business growth.The funding was secured through a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA)…
Malaysian state energy company Petronas said on Tuesday it expects to take one to two years to set up a planned joint venture with Italian energy group Eni on upstream assets in Indonesia and Malaysia.The companies announced a joint venture framework…
TendrillWood, a joint venture company between Wood Group and Tendrill, has secured a five-year contract with Brunei Shell Petroleum (BSP) for brownfield engineering, procurement, and construction (EPC) services.Under the contract, the TendrillWood JV will deliver integrated…
Sunda Energy, the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia, has pushed back the drilling of appraisal well Chuditch-2, offshore Timor-Leste, for the first half of 2026.Chuditch-2 appraisal well on…
TotalEnergies has acquired interests from Petronas in multiple blocks offshore Malaysia and in one block offshore Indonesia, where exploration, appraisal and development programs will be progressed.The licenses, which are all in different maturation stages…
Fugro has opened a new geotechnical testing laboratory in Jakarta, Indonesia, enhancing its regional capabilities for energy and infrastructure projects.The new facility will increase Fugro’s lab capacity in Asia Pacific by 20% and cut testing turnaround times by 30%…
U.K.-based Pharos Energy, an independent energy company with assets in Vietnam and Egypt, has secured two-year extension of the exploration period for two blocks located in moderate to deep waters offshore Vietnam.The approval has been received…
Energy and marine consultancy ABL, a subsidiary of ABL Group, has been awarded a contract to provide marine warranty survey (MWS) services to BP’s Tangguh UCC project in Indonesia.The Tangguh UCC Project comprises Ubadari field development, enhanced gas recovery through carbon capture…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has brought on stream the Weizhou 5-3 oil field development project in Beibu Gulf Basin in the South China Sea.The main production facility includes one self-installing wellhead platform…
MODEC and Carbon Clean Solutions have signed a memorandum of understanding (MoU) to continue the development and eventual deployment of floating production, storage and offloading (FPSO)-based offshore post-combustion carbon capture technologies…
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