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.
The Shawal-1 well was spudded on Jan. 27, 2024, and drilled to a total depth of 1,136 m in the Ghazij Formation. Well testing yielded a flow rate of 1,040 bpd of 30° API crude with 12% BS&W and 2.5 MMscfd of associated gas, on a 32/64 in. choke with a wellhead pressure of 953 psi.
The agreement lays out areas of common interest in hydrocarbons exploration and production, with extensions for transportation, downstream activities and the provision of associated services along the energy value chain.
North America’s liquefied natural gas export capacity could more than double by 2029 as new terminals across the United States, Canada, and Mexico move toward completion, according to the U.S. Energy Information Administration (EIA). The agency’s latest forecast, reported by Reuters, projects a jump from roughly 14 billion cubic feet per day (bcf/d) in 2024 to more than 29 bcf/d by 2029.
The oil industry must step up exploration and investment in new supply; otherwise, the world risks a supply shortage, according to Amin Nasser, the chief executive of the Saudi state oil giant Aramco.
State-owned refiners in India have informed their traditional large LPG suppliers from the Gulf – Saudi Arabia, Kuwait, the United Arab Emirates (UAE), and Qatar – that they should expect potentially lower nominations for their product from India, according to Reuters’ sources.
The USD 1.1 billion expansion project was completed eight months ahead of schedule and will enhance power generation and industrial output across the region by delivering an additional 7.08 mcm (250 mcf) per day of natural gas capacity.
The contract is for the construction, operation and management of the facility, which will be located in West Kuwait and treat approximately 3.4 mcm (120 mcf) per day of sour gas. The construction project has a completion timeline of 790 days and includes a five-year operations and maintenance engagement.
The field, located in the Santos Basin, holds over 1 billion boe in recoverable reserves and marks Equinor’s largest international offshore development. Bacalhau is operated by Equinor (40%) alongside ExxonMobil Brasil (40%), Petrogal Brasil (20%) and Pré-Sal Petróleo (PPSA).
Recent exploration success has confirmed estimated recoverable resources of 2.4 billion barrels of oil equivalent (boe) and 12.5 trillion cubic feet of natural gas, primarily within Suriname’s portion of the Guyana–Suriname basin. At least ten new wells are expected to be drilled offshore between 2025 and 2027, underscoring accelerating exploration and appraisal activity.