SK Earthon, the energy resource development unit of SK Innovation, has acquired a 34% stake in the North Ketapang exploration block offshore Indonesia, expanding its upstream presence in Southeast Asia.The stake was acquired from Petronas North Ketapang, leaving Petronas with a 51% interest and Indonesia’s state-owned PT Pertamina Hulu Energi North Ketapang with the remaining 15%. The partners plan to begin exploration drilling within the year…
Vantris Energy Berhad said it has been awarded offshore transportation and installation work orders in Malaysia by Petronas Carigali under existing long-term contracts.The awards were secured by Sapura Offshore, an indirect wholly owned subsidiary of Vantris Energy…
French seismic firm Viridien has announced a new basin-scale reimaging program within the hydrocarbon-prolific Balingian-Luconia-Baram basins, in collaboration with Petronas, through Malaysia Petroleum Management.Viridien will leverage its imaging technologies to reimage 44…
Petronas has completed drilling of the Caiman-1 exploration well in Block 52 offshore Suriname, marking the first well in its four-well 2025–2026 drilling campaign in the block.The Caiman-1 well was spudded on July 21, 2025 and safely plugged and abandoned on December 6…
Malaysia’s state energy firm Petronas has signed a liquefied natural gas (LNG) supply agreement with a trading arm of China National Offshore Oil Company (CNOOC), reinforcing its position in the Asian LNG market.Petronas, through its unit Petronas LNG…
TotalEnergies has closed an agreement to divest to PTTEP an indirect interest of 9.998% in block SK408 in Malaysia.TotalEnergies will keep a 30.002% interest in block SK408 and the operatorship. The block is a major gas development, contributing to Malaysia’s energy security…
McDermott has secured a subsea contract from Petronas Carigali Brunei for engineering, procurement, construction, installation and commissioning (EPCIC) of a natural gas development project offshore Brunei.The award follows McDermott's completion of front-end engineering design (FEED)…
Eni has made a significant gas discovery in the Konta-1 exploration well, drilled in the Muara Bakau production sharing contract (PSC), in the Kutei Basin, offshore Indonesia.Estimates indicate 600 billion cubic feet (Bcf) of gas initially in…
Malaysia’s MISC Berhad has secured its first floating production unit (FPU) project in Brunei after receiving a letter of award from PETRONAS Carigali Brunei (PCBL) for the lease, operation and maintenance of the facility for a natural gas development project…
QatarEnergy has signed a production sharing agreement for shallow-water Block S4 offshore Guyana. The block was awarded through the 2022 Guyana Licensing Round.Under the terms of the agreement, QatarEnergy will hold a 35% share, while its partners TotalEnergies will act as operator…
Suriname's Staatsolie has approved the commercial declaration of the Sloanea gas discovery by Malaysia's Petronas at one of the country's most promising offshore areas, Block 52, the state-run company said on Thursday.The declaration follows…
Oil producers TotalEnergies, Qatar Energy and Petronas have signed a five-year agreement with Guyana's government to explore a shallow-water block, authorities and company executives said on Tuesday.Guyana has struggled to diversify its energy industry…
Petronas CCS Ventures, a wholly owned subsidiary of Malaysia’s state energy company Petronas, has received the country’s first offshore assessment permit for carbon capture and storage (CCS) in the Duyong area.The permit, issued by Malaysia Carbon Capture…
LNG Canada has started production of liquefied natural gas at the second of its two processing units, known as Train 2, the company said.Both trains at the Shell-led project in Kitimat, British Columbia - each with a capacity of 6.5 million metric tons per annum - are now operational…
Two consortia led separately by Malaysia's Petronas and U.S. Chevron have signed production-sharing contracts with Suriname's Staatsolie to explore and develop two offshore areas in the South American country, the state company said on Wednesday…
