Exxon Mobil has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, exiting the country's upstream sector where it used to be a dominant producer, two sources with direct knowledge of the matter said.The U.S. major…
Saudi Aramco’s ambitious post-Covid jackup fleet expansion program, in which the operator looked to increase its fleet size from approximately 49 jackups in June 2022 to 90 in just two years, seemed a daring feat. But fast forward to March 2024…
Australian oil and gas giant Woodside has signed a sale and purchase agreement (SPA) with CPC Corporation for the long-term supply of liquefied natural gas (LNG) to Taiwan.Under the SPA, Woodside will supply approximately 6 million tonnes of LNG on a delivered basis over 10 years…
Exports of liquefied natural gas (LNG) from Russia's Yamal LNG plant have slowed slightly in July so far compared with the same period a year due to a longer wait for vessels to offload the fuel in Europe, ship-tracking data from LSEG showed on Thursday…
Chinese wind turbine-makers this month clinched their first order in Germany, as they build momentum in the European market and add to concern in the EU industry that it faces an existential threat.Tensions are high between Beijing and Brussels…
Oil and gas company SapuraOMV has started gas production from its Jerun field, offshore Sarawak in Malaysia.Jerun gas field, part of SK408 production sharing contract (PSC), was discovered in 2015 and the development project reached its final investment decision (FID) in March 2021…
CIMC Raffles, a subsidiary of CIMC Group, has secured engineering, procurement, and construction (EPC) contracts from Seatrium for the supply of the hulls for two floating production storage and offloading (FPSO) units being built for Brazil’s national oil and gas company Petrobras…
TotalEnergies has entered into an agreement to sell its wholly-owned subsidiary TotalEnergies EP (Brunei) to Hibiscus Petroleum Berhad, a Malaysian independent oil and gas exploration and production company, for $259 million.The transaction is expected to close in the fourth quarter 2024…
Shell has reached an agreement with Carne Investments, an indirect wholly-owned subsidiary of Temasek, to acquire 100% of the shares in Pavilion Energy, a Singapore-based global liquefied natural gas (LNG) trading business.Pavilion Energy is…
Canada-based oil and gas company Valeura Energy has suspended production at its fully-owned Wassana field, offshore Thailand, due to the damage on mobile offshore production unit (MOPU) identified during routine inspection.During a scheduled…
China’s state-run China National Offshore Oil Corporation (CNOOC) has brought onstream the first oil field in China that features low-carbon design and receives power from the shore for its operations in South China Sea.Located in Beibu Gulf of the South China Sea…
OPEC oil output rose in June for a second consecutive month, a Reuters survey found on Tuesday, as higher supply from Nigeria and Iran offset the impact of voluntary supply cuts by other members and the wider OPEC+ alliance.The Organization of the Petroleum Exporting Countries pumped 26…
Indonesian branch of Malaysian national oil company Petronas has awarded energy and marine consultancy ABL a contract to provide rig inspection services to its assets operating offshore Indonesia.The contract is valid for one year, with an optional one-year period extension…
MODEC and Terra Drone Corporation have entered into a joint research and development agreement to enhance inspection drones for floating production, storage and offloading (FPSO) vessels.The agreement follows the memorandum of understanding signed by the companies in November 2023…
Conrad Asia Energy has entered into a binding Gas Sales Agreement (GSA) for the sale and purchase of the domestic portion of Mako gas with PT Perusahaan Gas Negara (PGN), the gas subsidiary of PT Pertamina (Persero), the national oil company of Indonesia…
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