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TechnipFMC Awarded iEPCI® Contract for PETRONAS’ Limbayong Project Offshore Malaysia

TechnipFMC (NYSE: FTI) announced that its subsidiary, FMC Wellhead Equipment Sdn. Bhd., has been awarded a significant(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI®) contract by PETRONAS Carigali Sdn. Bhd. (PETRONAS) for the Limbayong deepwater project offshore Malaysia. This greenfield development will benefit from both our Subsea 2.0® configure-to-order (CTO) platform and iEPCI® execution of […]

MidOcean Energy joins LNG Canada Phase 2 following FID

MidOcean Energy will participate in Phase 2 of the LNG Canada project through its partnership with PETRONAS following a final investment decision (FID) by the project’s joint venture partners.   Phase 2 will add two liquefaction trains at LNG Canada’s facility in Kitimat, British Columbia, doubling production capacity from 14 million tonnes per annum (MMtpa) […]

PETRONAS signs five-year LNG supply deal with Greece’s METLEN

PETRONAS has signed a five-year agreement to supply LNG to Greek energy company METLEN, expanding the Malaysian company’s presence in European and Mediterranean gas markets. Under the sale and purchase agreement, PETRONAS subsidiary PETCO Trading (UK) Ltd. will deliver six LNG cargoes annually to Greece beginning in 2027. The volumes are equivalent to approximately 0.6 […]

PETRONAS, EPF and Lim family reportedly consider taking Yinson private

PETRONAS, the Employees Provident Fund (EPF) and the founding Lim family of Yinson Holdings Bhd (KL:YINSON) are in talks to take private the oil-and-gas firm, sources said. The three parties are forming a consortium to buy out Yinson that owns one of the world’s largest fleets of floating production storage offloading (FPSO) vessels, according to […]