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Petronas News

 

Petronas Awards Estuary Cluster PSC to Harvester Energy

Sep 10, 2026

Petronas has awarded a production sharing contract for Malaysia's Estuary Cluster to Harvester Energy and handed over enhanced seismic data for the Mutiara Cluster to DIALOG Resources, advancing development of discovered oil and gas resources in two Malaysian basins.Malaysia Petroleum Management (MPM), the upstream governing body of Petronas, awarded the Small Field Asset Production Sharing Contract (SFA PSC) for Estuary to Harvester Energy (Malaysia)…

Ventura Expands Drillship Fleet, Lands $58M Petronas Deal

Sep 08, 2026

Ventura Offshore has entered into an agreement with Eldorado Drilling to provide marketing and operations management services for the seventh-generation ultra-deepwater drillship Deep Value Driller, while also securing a drilling contract with Petronas E&P Bobara in Indonesia…

Petronas Turns to AI to Accelerate Upstream Investment

Sep 07, 2026

Malaysia's state energy firm Petronas has signed an agreement with Iraya Energies to integrate agentic artificial intelligence capabilities into its myPROdata upstream data platform, aiming to accelerate the evaluation of exploration and production opportunities in Malaysia…

PTTEP, Petronas Ink 35-Year Malaysia-Thailand Gas Deals

Aug 28, 2026

Thailand’s state-backed energy firm PTT Exploration and Production (PTTEP) subsidiaries and Petronas Carigali's PC JDA have signed a 35-year production sharing contract for Block A-18-01 in the Malaysia-Thailand Joint Development Area, allowing the partners to continue petroleum exploration…

TGS Readies for Sarawak Phase 4 Offshore Survey

Aug 18, 2026

TGS is ready to commence the Sarawak Phase 4 multi-client program offshore Malaysia, covering approximately 1,020 square kilometers.The Ramform Sovereign is scheduled to mobilize for the survey in the fourth quarter and acquisition is expected to be completed in December 2026…

Baker Hughes to Supply Subsea Systems for Kutei Northern Hub

Aug 10, 2026

Baker Hughes has been awarded a contract to deliver subsea production systems and digital solutions to support safe, efficient and optimized production for the Kutei Northern Hub development offshore Indonesia.The contract with Searah North Ganal (a subsidiary of Searah Limited…

Vantris Energy Secures Petronas’ Offshore Drilling Work Orders

Aug 05, 2026

Vantris Energy has secured new offshore engineering and drilling work in Malaysia, including a transportation and installation (T&I) work order from Petronas and a tender-assisted drilling rig (TADR) assignment and contract for offshore development drilling campaigns…

Eni-Petronas JV Starts Indonesia-Bound FPSO Construction

Jul 24, 2026

Searah, the joint venture energy company formed by Italy's Eni and Malaysia's Petronas, has started developing a floating gas facility to process gas from its $11.8 billion North Hub project in Indonesia, the Indonesian government said.The company…

Chevron Enlists Velesto’s Jack-Up Rig for Drilling Job off Malaysia

Jul 22, 2026

Velesto Energy has secured a contract worth approximately $51 million from Hess Exploration and Production Malaysia, a wholly owned subsidiary of Chevron, to provide integrated rig, drilling and completion services for the North Malay Basin Full Field Development Campaign…

Velesto Frees Up Drilling Rig After Early Contract Termination off Indonesia

Jul 20, 2026

Malaysia-based offshore drilling contractor Velesto Energy has mutually agreed with PC Ketapang II, PC North Madura II and PETRONAS North Ketapang to terminate, without cause, a contract for the NAGA 8 jack-up drilling rig offshore Indonesia…

Searah Malaysia Starts Upstream Oil and Gas Operations

Jul 17, 2026

Searah (Malaysia) launched upstream oil and gas operations in Malaysia from July 1, it said on Friday, after completing the transfer of operatorship from Petronas Carigali, a subsidiary of state energy firm Petronas.The oil and gas company is the Malaysian operating entity of Searah Limited…

Eni Enlists OneSubsea for Deepwater Umbilical Supply off Indonesia

Jul 10, 2026

OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, has secured a contract from Eni North Ganal to deliver a steel tube umbilical system for the Kutei North Hub field development project offshore East Kalimantan in Indonesia…

EnQuest Clears Key Hurdle for $833M Malaysia Offshore Deal

Jul 10, 2026

London-listed independent energy company EnQuest has cleared a key hurdle in its proposed $833 million acquisition of interests in four offshore production sharing contracts in Malaysia after existing partners waived their pre-emption rights over one of the three transaction packages…

Eni and Petronas JV Extend Ventura Offshore’s Drilling Job in Indonesia

Jul 08, 2026

Eni Muara Bakau, a subsidiary of Eni-Petronas joint venture Searah, has extended a drilling job for Ventura Offshore’s SSV Catarina semi-submersible rig, operating offshore Indonesia.Eni Muara Bakau has exercised an option for a fourth well and a tophole in Indonesia for the the SSV Catarina…

Saipem Lands $2B FPSO Deal for Offshore Gas Field in Indonesia

Jul 07, 2026

Italian energy services group Saipem, through its Saipem Indonesia subsidiary and in a joint venture with PT Tripatra Engineers and Constructors, has won a contract for a floating production, storage and offloading (FPSO) unit for the Kutei North Hub development in Indonesia…

Logistics News

Argent LNG, Albania to Evaluate Development of Import Terminal

Argent LNG, Albania to Evaluate Development of Import Terminal

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WTO: Global Goods Trade Strengthens Despite Uneasy Politics

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Kuwait Petroleum Offers Oil, Refined Fuel Outside the Strait of Hormuz

Wheat Prices Rise After US Diplomatic Attempts Falter

Wheat Prices Rise After US Diplomatic Attempts Falter

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