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).
Malaysia’s national oil and gas company has reported MYR171.7 billion ($39.4 billion) in revenue for the first six months of 2024, up MYR2.7 billion ($459.5 million) compared to the same period last year despite weaker selling prices especially for liquefied natural gas.
Malaysia’s Petroliam Nasional Bhd (Petronas) has secured land to progress its Southern Carbon Capture and Storage (CCS) hub project in Pahang.
Petroleum Nasional Bhd (Petronas) has signed a small field asset (SFA) production sharing contract (PSC) with Vestigo Petroleum Sdn Bhd for a discovered resource opportunity cluster marketed under the Malaysia Bid Round Plus (MBR+).
Malaysian national oil and gas company Petroliam Nasional Bhd. (Petronas) has completed the transfer of its 74 percent stake in Engen Ltd. to Vivo Energy, which is now the major shareholder of Engen.
TotalEnergies and partners Petronas and Sonangol have taken FID on the Kaminho oil project in Block 20/11 offshore Angola.
Petronas Suriname E&P, a subsidiary of Malaysia’s energy giant Petronas, and ExxonMobil Exploration and Production Suriname, an affiliate of the U.S. oil major ExxonMobil, have made another hydrocarbon discovery at an exploration well in Block 52 offshore Suriname.
Petronas Suriname E&P BV, a subsidiary of Petronas, made a third hydrocarbon discovery in Block 52 at the Fusaea-1 exploration well offshore Suriname.
The approval has been granted for offshore oil block S-4, which was offered as part of the auction initiated in September 2023.
Petroliam Nasional Bhd (Petronas) is keenly waiting for Argentina’s Congress to complete the legislative process of a law relating to the liquefied natural gas (LNG) industry before deciding whether to proceed with its plans to collaborate with the Latin American nation’s state-controlled energy firm YPF S.A. on an LNG project.