PTTEP Sabah Oil Limited, a Malaysian subsidiary of the Thai oil company PTTEP, has awarded a six-year contract extension for the FPSO Kikeh, operating in deep waters offshore Sabah, Malaysia.The charter extension news was shared this week by Malaysia's MISC…
Brazilian oil firm Petrobras is looking to exit its U.S. Gulf of Mexico joint venture with Murphy Oil by selling its 20 percent interest.The joint venture firm, called MP Gulf of Mexico (MPGOM) owns an interest in 15 fields in the U.S. Gulf of Mexico along with an interest in St…
China's Cosco Shipping has earlier this month delivered the King’s Quay floating production unit to Ingleside, Texas, aboard its M/V Xiang An Kou semi-submersible heavy transportation vessel, after a long journey from South Korea.The 21,498mt platform…
ConocoPhillips and Petronas Carigali have been awarded Block SB405, offshore Sabah, Malaysia, Petronas has informed.The offshore block is located in the North East Sabah basin, off the coast of Sandakan, with an area size of 5,857 square kilometers and in a water depth of up to 100 meters…
Malaysia's Dayang Enterprise has secured a contract extension from Shell for the provision of topside maintenance services in Malaysia.The company has signed contract extensions with Shell's Malaysian subsidiaries Sarawak Shell Berhad and Sabah Shell Petroleum Company Limited…
Malaysian state-owned energy giant Petronas is expected to pay the resource-rich state of Sabah 1.25 billion ringgit ($303 million) in sales tax next year, state media said.Sabah Deputy Chief Minister Jeffrey Kitingan said Prime Minister Muhyiddin…
Malaysia's Hibiscus Petroleum completed the St Joseph minor sands infill and major sands redevelopment infill drilling campaign in its North Sabah PSC, Malaysia.The offshore drilling campaign involved the drilling and completion of four infill…
Malaysia's Petronas said it has deferred maintenance activities at the Kebabangan gas field in Sabah, which had been originally slated for April.Malaysia implemented lockdown measures in March to curb the spread of the coronavirus.'Maintenance…
Bursa Malaysia-listed oil and gas firm Hibiscus Petroleum has signed agreements with global oil trader Trafigura for crude offtake and for future financing.The agreements include potential future offtake of crude oil by Trafigura from assets owned/projects undertaken by Hibiscus…
U.S. oil firm Murphy Oil Corporation has informed that its CEO Roger W. Jenkins has recovered and resumed his responsibilities 'following his temporary medical leave.'Jenkins had taken medical leave in March due to coronavirus concerns when…
The CEO of Murphy Oil has taken a medical leave due to coronavirus concerns.The US-based exploration and production company announced Thursday that Roger W. Jenkins will step down temporarily pending test results and a presumptive diagnosis of COVID-19…
U.S. oil and gas company Murphy Oil has slashed capital spending plans by $500 million citing 'current market conditions and recent commodity price volatility.' The company plans to preserve dividend payments.Murphy’s revised 2020 budget is approximately $950 million…
Offshore installation contractor Subsea 7 on Tuesday said it had won a contract from Murphy Oil for the provision of the subsea installation services related to the Samurai, Khaleesi, and Mormont developments in the U.S. Gulf of Mexico.The contract…
Norwegian seismic services provider Petroleum Geo-Services (PGS) said that key areas for the 2020 Malaysia Licensing Round are covered by the PGS Sabah MC3D program.Data is available to evaluate the petroleum potential of the highly prospective offshore Sabah province…
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…
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