Malaysia’s Petronas plans to boost exploration, deepwater development, and enhanced oil recovery over the next three years as it looks to maintain its domestic oil and gas production stable at about 2 million barrels of oil equivalent per day (boepd), the state energy giant said in its 2026-2028 activity outlook on Thursday.
RINA has been awarded the front-end engineering and design (FEED) contract for PETRONAS CCS Ventures Sdn. Bhd. (PCCSV), a subsidiary of Petroliam Nasional Berhad (PETRONAS), covering the Southern Onshore Facilities of Malaysia’s flagship carbon capture and storage (CCS) project.
Malaysia Airlines has received days’ worth of sustainable aviation fuel (SAF) from Petroliam Nasional Bhd (Petronas), marking the delivery of the Southeast Asian country’s first locally blended SAF, the state-owned oil and gas company said.
The contract includes a carbon steel pipeline and installation of subsea umbilicals, risers and flowlines for the Alum, Bemban and Permai deepwater fields to supply additional gas to the PFLNG DUA facility.
“Winning work in a new geography with a new client is an exciting development for our business. We’re proud to play a role in Malaysia’s latest exploration campaign, where reliable, high-quality seismic data is essential for guiding drilling and development decisions”, Charles Davidson Jr., CEO and Executive Chairman of PXGEO, said.
“These projects show that Terengganu has the potential to lead in green energy and create new economic opportunities for the people. With support from TNB and Petronas, we believe Terengganu can become a top choice for green energy investment in the region”, Burhanuddin Hilmi Mohamed Harun, Terengganu Inc. President and Group CEO, said.
“There’s a territorial border between Germany and the Dutch that hasn’t been settled in 300 years. If the Dutch and the Germans couldn’t finish in 300 years, why should we finish in 10?,” Indonesia Deputy Foreign Minister Arif Havas Oegroseno said in an interview on Friday. If the talks between the Southeast Asian nations “take a long time, so be it.”
The collaboration aims to develop an ecosystem in Malaysia that empowers organizations to leverage AI for economic growth and social benefits. Focusing on nation-building, these companies will aid Malaysia in establishing regional leadership in AI and cultivating a robust local AI community through joint programs, Petronas said.
Velesto Drilling has secured a contract from PTTEP to deploy its NAGA 5 jackup rig for a 15-well campaign starting in June 2025 in Malaysian waters, the company said on Monday.
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.