Petronas, through its subsidiary PC Ketapang II, has secured a 20-year extension of the Production Sharing Contract (PSC) for the Ketapang Working Area, located in the Java Sea.Due to expire in 2028, the Ketapang PSC extension was officially…
Malaysia’s Petronas Carigali and Thai PTTEP have signed agreements related to the development of PTTEP-operated oil and gas Blocks SK405B and SK410B located off the coast of Sarawak, offshore Malaysia.Petronas and PTTEP signed a memorandum of…
Malaysian oil company Petronas has signed production sharing contracts for Suriname’s offshore Blocks 64 and 64 with the country’s state-owned Staatsolie Maatschappij Suriname.Petronas Suriname E&P won the blocks, located in the Guyana-Suriname Basin…
QatarEnergy signed two production sharing contracts on Friday relating to two marine areas off the coast of Suriname, rights to which it won during an auction held last June, the company said in a statement.'QatarEnergy will own a 30% working interest in block 64…
PETRONAS and its Petroleum Arrangement Contractors recorded 19 exploration discoveries and two exploration-appraisal successes, contributing over 1 billion barrels of oil equivalent (bboe) of new resources for Malaysia in 2023. This achievement…
Japanese companies have agreed to develop a carbon capture and storage (CCS) project with Malaysian energy firm Petronas, which should start holding its first carbon dioxide (CO2) emissions from the end of 2028, Japan Petroleum Exploration Co said on Monday…
Malaysia's Petronas said Wednesday it had undertaken a new offshore multi-client 2D seismic survey in the northern area of the Straits of Melaka (Straits of Malacca) to explore and map the hydrocarbon potential in the open blocks of PM320 and PM321 of the Langkasuka Basin…
Malaysian oil company Petronas is planning to drill at least two additional wells offshore Suriname next year to gather more data for its field plans before making a final investment decision for its area, Block 52, state firm Staatsolie said on Thursday…
A unit of Suriname state-owned energy company Staatsolie on Tuesday launched a competitive bidding round for 11 offshore areas in the country, with bids to be submitted through May.The blocks, in the nearshore and shallow offshore areas, are…
Malaysia's state-owned oil firm Petronas has discovered several oil-bearing layers in an exploration well off the coast of Suriname, state oil firm Staatsolie said in a statement on Thursday.Suriname's offshore exploration areas are adjacent to Guyana…
Malaysia's MISC has entered into a binding Heads of Agreement (HOA) with Pengerang LNG (Two) Sdn. Bhd. (PLNG2SB), a subsidiary of PETRONAS Gas Berhad (PGB), for the supply, operation, and maintenance of a Liquefied Natural Gas (LNG) Floating…
Oil major Shell has sold its 35% stake in Indonesia’s Masela offshore block to PT Pertamina Hulu Energi and Petronas. The sale includes the Abadi gas project. The completion of the sale follows regulatory approval from Indonesia’s Ministry of…
French oil major TotalEnergies has sold a 40% interest in the offshore Block 20 in the Kwanza Basin in Angola to Malaysia's Petronas.The transaction was completed for an amount of $400 million as at January 1st, 2023, subject to customary price adjustments…
Petronas CCS Ventures, a subsidiary of the Malaysian oil and gas giant Petronas has signed a term sheet with Mitsui O.S.K Lines, Ltd. (MOL) and MISC Berhad for the potential incorporation of a joint venture entity to invest in developing and…
Shell has started the construction of the onshore plant for the Rosmari-Marjoram project with a ground-breaking event in Bintulu.The ceremony, held Thursday, was officiated by the Premier of Sarawak, Yang Amat Berhormat Datuk Patinggi Tan Sri…
