EnQuest has agreed to acquire interests in four offshore production-sharing contracts (PSCs) in Malaysia for up to $833 million, a transaction that will significantly expand the company’s production, reserves and presence in Southeast Asia.
The European Union would prefer Southeast Asian countries to diversify their oil supply by buying oil from producers other than Russia, the EU’s foreign policy chief Kaja Kallas said on Tuesday during meetings of representatives with ASEAN countries.
Odfjell Technology has signed a memorandum of understanding with Applied New Technologies (ANT) to deploy an erosion-based tool for well plug and abandonment (P&A) operations across Southeast Asia.