The anticipated development of the Sipitang Oil and Gas Industrial Park (SOGIP) is set to officially launch in early February. Senior representatives from London-based Gibson Shipbrokers Ltd and Malaysian state-owned Sabah Oil & Gas Development Corporation (SOGDC) will lead the Launching Ceremony to mark this major milestone.
National oil company Petroliam Nasional Bhd (Petronas), through Malaysia Petroleum Management (MPM), has announced two initiatives aimed at bolstering the robustness of the local oil and gas sector, namely the introduction of the Integrated Well Continuity Services (IWCS) contract and the planned establishment of the MPM Hydraulic Workover Unit Academy (HWU Academy).
China changed the structure of its oil imports in August, giving preference to supplies eligible for discounts.
Malaysia’s Yinson is divesting its offshore marine business, Regulus Offshore, to compatriot Icon Offshore supporting the seller’s strategic direction to focus on its floating production, storage and offloading vessels and energy transition businesses.
A Hibiscus Petroleum subsidiary has signed a farm-in deal for 30% interest in a production sharing contract for a block offshore Malaysia.
Malaysia’s Petroliam Nasional Bhd (Petronas) has secured land to progress its Southern Carbon Capture and Storage (CCS) hub project in Pahang.
SapuraOMV Upstream Sdn. Bhd., the operator of the Jerun field in Malaysia, announced that first gas has been achieved. Shell plc has a 30% equity stake in the field, through its Malaysian subsidiary, Sarawak Shell Berhad, and made a final investment decision on the development in 2021
BINTULU, Malaysia — In the open sea off the coast of Malaysian Borneo, industrial rigs extract massive amounts of oil and gas that fuel the economy of Malaysia.
A US official has said that Iranian oil is being transported through Malaysia to China.
TotalEnergies SE is acquiring the remaining 50 percent stake in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn from Sapura Upstream Assets Sdn Bhd (SUA) for $530 million.