Italy’s Eni has announced its Geliga-1 gas discovery offshore Indonesia delivered strong test results, supporting plans for accelerated development in the Kutei Basin.The company said a drill stem test at the Geliga-1 well flowed at rates of up to 60 million standard cubic feet per day of gas, constrained by rig facilities, with limited pressure drawdown.Based on the results, Eni estimates the well could produce around 200 million standard cubic feet per day of gas and about 10…
Southeast Asia is entering a critical second wave of deepwater gas development targeting 28 trillion cubic feet of resources across Indonesia, Malaysia and Brunei. However, delivering these projects won’t be easy, says Wood Mackenzie.The models suggest these projects have fragile economics…
Apollo Global Management, Blackstone and are battling it out to acquire a significant stake in the mammoth LNG Canada project from energy major Shell, three people familiar with the matter said.The trio, among the world's largest asset management firms…
Italy’s Eni has made a gas discovery offshore Indonesia with estimated resources of about 5 trillion cubic feet (tcf) of gas and 300 million barrels of condensate.The discovery was made by the Geliga-1 exploration well in the Ganal block in the Kutei Basin…
Perdana Petroleum has secured contracts to provide two anchor handling tug and supply vessels (AHTS) to Petronas Carigali.The company said its wholly owned unit Perdana Nautika received the work orders on April 8 for the provision of the vessels to support offshore operations…
Petrobras has signed agreements with Petronas Petróleo Brasil to acquire the remaining 50% stakes in the Tartaruga Verde and Espadarte Module III fields offshore Brazil.The fields are located in the Campos Basin, where Petrobras will regain…
Malaysia’s Petra Energy has secured work orders worth $75 million (RM 298 million) for services linked to a gas project in Sarawak, Malaysia.The contracts were awarded to Petra Resources, a subsidiary of Petra Energy, by Petronas Carigali under an existing pan-Malaysia offshore services agreement…
Malaysia-based offshore support vessel (OSV) provider Nam Cheong has secured OSV charter contracts worth up to $25 million, as demand for vessels remains firm in Southeast Asia.The contracts cover one anchor handling tug supply (AHTS) vessel and one maintenance work vessel…
SLB has signed an agreement between Petronas Suriname, a subsidiary of Petronas and Subsea Integration Alliance, comprising SLB OneSubsea and Subsea7.The partnership aims to unlock resources in Suriname’s emerging frontier basin through innovative and cost-effective subsea solutions…
Offshore drilling contractor Valaris has secured a multi-year contract extension with Petrobras offshore Brazil and entered into a strategic collaboration agreement with Petronas and Halliburton for offshore development in Suriname.The company said the drillship VALARIS DS-4 was awarded a 1…
EnQuest has signed a production sharing contract (PSC) for the Cendramas block offshore Malaysia, marking its entry into Southeast Asia.The agreement, awarded by Petronas through Malaysia Petroleum Management, will see EnQuest hold a 25% participating…
Petrobras will exercise its right to purchase Malaysian company Petronas' 50% stake in two offshore fields in Brazil for $450 million, according to a securities filing.Following the deal, Petrobras will hold 100% of the Tartaruga Verde field and Module III of the Espadarte field…
Brazilian state-run firm Petrobras said on Monday it had decided to exercise its right to purchase Malaysian company Petronas' 50% stake in two offshore fields in Brazil for $450 million, according to a securities filing.Following the deal,…
Petronas has confirmed a hydrocarbon discovery at the Barokah-1 exploration well in the North Ketapang Production Sharing Contract (PSC) offshore East Java, Indonesia.The discovery was made by Petronas through its subsidiary Petronas North Ketapang…
2025 was a year of recalibration, continuing the softness experienced since the fourth quarter of 2024. Rather than a slowdown, this period can be better described as a collective deep breath as the industry prepares for the next upcycle in the Asian Pacific region…
