Petronas, through its wholly-owned subsidiary Petronas Suriname E&P, has signed a Production Sharing Contract (PSC) for Block 66, located in the deepwater region offshore Suriname.The agreement was signed with Staatsolie Maatschappij Suriname and Paradise Oil Company (POC), a wholly-owned subsidiary of Staatsolie.Under the PSC, Petronas holds the operatorship with 80% participating interest, while POC holds the remaining 20%…
Japan’s ENEOS Xplora, through its subsidiary ENEOS Xplora Malaysia, has signed an extension of production sharing contract (PSC) with Petronas for a block located off the coast of Sarawak in Malaysia.The PSC extension is for the block SK10 and will run for ten years…
Idemitsu Kosan Co has acquired interests in two oil and gas blocks located off the coast of Sarawak in Malaysia from South Korean SK earthon, and signed production sharing contracts (PSC) for the developments.The acquired interests are for the Block SK427…
Woodside Energy and Petronas, through its subsidiary Petronas LNG, have signed a non-binding heads of agreement (HoA) for the supply of 1 million tonnes per annum of LNG to Malaysia from 2028 for a period of 15 years.The LNG would be supplied…
Malaysian state energy company Petronas said on Tuesday it expects to take one to two years to set up a planned joint venture with Italian energy group Eni on upstream assets in Indonesia and Malaysia.The companies announced a joint venture framework…
TotalEnergies has acquired interests from Petronas in multiple blocks offshore Malaysia and in one block offshore Indonesia, where exploration, appraisal and development programs will be progressed.The licenses, which are all in different maturation stages…
Petronas Energy Serpang, in association with Inpex and EO Serpang (EOS), have jointly been awarded rights to explore the Serpang Working Area located offshore Eastern Java in Indonesia.The award comes as part of the second Indonesia Petroleum…
XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), Petronas and the Turkmenistan State Enterprise Hazarnebit have signed a new Production Sharing Contract (PSC) with the State Concern Turkmennebit for the offshore Block I gas and condensate fields in Turkmenistan…
Eni has started gas production from the Merakes East field in the Kutei Basin offshore Indonesia, the Italian energy group said on Tuesday in a statement.The field is part of the East Sepinggan block, where Eni holds an 85% operating stake,…
Indonesia awarded five oil and gas blocks to companies, its energy ministry said on Wednesday, as it attempts to replenish its oil and gas reserves and improve its energy security.Over the coming years, the government plans to offer nearly 60…
Vietnam's state oil firm Petrovietnam and Malaysia's Petronas signed a deal to extend their long-standing Production Sharing Contract for an offshore oil block that overlaps a maritime boundary between the two countries, Petrovietnam said on Wednesday…
At least 63 people were being treated in hospitals in Malaysia on Tuesday after a major blaze at a gas pipeline operated by state energy firm Petronas, authorities said, with efforts ongoing to control the fire and evacuate residents.The fire…
Sabah Shell Petroleum Company (SSPC), a subsidiary of Shell, has produced first oil from Phase 4 of the Gumusut-Kakap-Geronggong-Jagus East (GKGJE) deepwater development off Malaysia.The Phase 4 production is flowing to the existing Gumusut…
Eni and Petronas have signed an exclusive memorandum of understanding (MoU) to progress detailed discussions on establishing a joint venture holding company to oversee selected upstream assets in Indonesia and Malaysia.Both companies believe…
Suriname's Staatsolie needs to secure an unprecedented $1.5 billion in bank financing this year to ensure it can participate in the country's Gran Morgu energy project, the head of the state-owned company told Reuters.The project, led by TotalEnergies…
