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Malaysia Oil & Gas News

 

Malaysia: Tanjong Baram Field Contract Terminated

May 22, 2020

Malaysia's Uzma Energy Ventures has said that the Tanjong Baram small field risk service contract between Petronas and Uzma & EnQuest joint venture has been terminated.The contract's objective was to develop and produce petroleum from the Tanjong Baram field, offshore Sarawak, Malaysia.It was signed in March 2014, and was been terminated in March 2020, but Uzma informed of the termination on Friday…

Lightning Sparks Fire at Hengyuan's Malaysian Refinery

May 22, 2020

Hengyuan Refining Company Bhd said on Friday that a tank storing crude oil had caught fire at its refinery on the Malaysian west coast.Preliminary investigations show the fire at the Port Dickson refinery was due to a lightning strike, the company said in a statement…

Petronas Braces for Severe 2020 Hit. 1Q Profit Down 68%

May 22, 2020

Malaysian state oil firm Petronas posted a 68% slump in first-quarter profit on Friday and said it would cut capital expenditure and operating expenses as it braces for a big hit to its full-year performance due to the coronavirus pandemic.Petronas…

2H Offshore Installs Wellhead Platform Offshore Malaysia

May 21, 2020

2H Offshore, an Acteon company, has completed the installation of a lightweight, conductor supported, minimum facility wellhead platform offshore Sarawak, Malaysia.The company was responsible for the concept, detailed design, transportation…

Tanjung Offshore Nets 4-Year Contract with Hess

May 20, 2020

Malaysian offshore services provider Tanjung Offshore has secured a contract with Carigali Hess Operating Company, a Malaysian subsidiary of the U.S. oil company Hess Corp.The contract is for the provision of onshore fabrication, offshore hook-up and commissioning for infill flowlines…

Japan's JX Nippon Taps KBR for CCS, Hydrogen Study

May 13, 2020

U.S. engineering and construction giant KBR has been awarded a contract for Carbon Capture and Sequestration works at JX Nippon's offshore oil and gas fields in South East Asia.Under a Master Service Agreement (MSA) and Feasibility Study awarded to KBR by Japan-based oil and gas company JX Nippon…

Hibiscus in Oil Offtake, Funding Agreement with Trafigura

May 05, 2020

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…

Sapura OMV Taps Alam Maritim for Subsea Services

May 05, 2020

Malaysia's offshore vessel provider Alam Maritim has won a contract with Sapura OMV Upstream.Alam Maritim said Monday that the contract awarded by the oil and gas company was for the provision of underwater services.The value of the contract is around RM6…

IEV Wins Subsea Pipeline Inspection Gig in Malaysia

May 05, 2020

IEV, an asset integrity services provider to the oil and gas industry, has won a contract to provide advanced inspection solutions for an oil company in Malaysia.Singapore-based IEV said Monday it had won the contract through its 49%-owned associate…

Sapura Energy CEO: Delays are Inevitable

Apr 30, 2020

Malaysia's largest oil and gas services company Sapura Energy said on Thursday it expects a delay in projects due to the historic rout in oil prices and as widespread coronavirus shutdowns hit demand.'Delays are inevitable,' Chief Executive Shahril Shamsuddin said in an earnings conference call…

Petronas Denies Shutting Down Offshore Rigs

Apr 27, 2020

The Malaysian oil and gas company Petronas has denied reports claiming the company has shut down 14 oil rigs.'Petronas refutes the allegations in news reports published in the New Straits Times dated 24 April 2020, regarding the deactivation of 14 Petronas oil rigs as reported in its print version…

Malaysia Calls for Peaceful End to South China Sea Standoff

Apr 23, 2020

Malaysia called on Thursday for disputes over the South China Sea to be resolved by peaceful means, amid a standoff between Chinese and Malaysian vessels that a U.S. think tank said had been going on for months.U.S. and Australian warships arrived…

Malaysia's Kimanis Crude Supply to Halve in May, June

Apr 22, 2020

The supply of Malaysia's flagship crude grade Kimanis will be halved in May and June due to weak demand and as the country has agreed to reduce production in a pact with major oil producers, two sources familiar with the matter told Reuters on Wednesday…

Australia Joins U.S. Ships in South China Sea Amid Rising Tension

Apr 22, 2020

An Australian frigate has joined three U.S. warships in the South China Sea near an area where a Chinese vessel is suspected to be exploring for oil, near waters also claimed by Vietnam and Malaysia, officials said on Wednesday.The warships…

Two U.S. Warships in South China Sea Amid China-Malaysia Standoff

Apr 21, 2020

Two U.S. warships are operating in the South China Sea, the Navy said on Tuesday, with three regional security sources saying they were near an area of a standoff between China and Malaysia.The Haiyang Dizhi 8, a Chinese government research ship…

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