Fossil Energy – Suriname
Petronas has signed a Production Sharing Contract (PSC) for Block 66, located in the deepwater region offshore Suriname.
[Read more…] about Petronas expands Suriname portfolio with deepwater block acquisition
PETRONAS and PETROVIETNAM strengthen oil and gas ties
Fossil Energy – Oil and Gas
PETRONAS, Malaysia, and Vietnam Oil and Gas Group PETROVIETNAM signed a Key Principles Agreement (KPA) to extend the Production Sharing Contract (PSC) and Upstream Gas Sales Agreement (UGSA) for the PM3 Commercial Arrangement Area (CAA) for another 20 years.
[Read more…] about PETRONAS and PETROVIETNAM strengthen oil and gas tiesSoil investigation work for Carbon Captured Storage project
General – CCS
Soil Investigation Work for Carbon Captured Storage (CCS) Project will be carried out via Keyfields Helm at Duyong field, Offshore Terengganu, from 15 Jan to 28 Feb 2025.
[Read more…] about Soil investigation work for Carbon Captured Storage projectTransference of contractual right
Fossil Energy – Contractual Right
Petronas on Thursday said it has officially transferred its contractual right for a cluster of oil and gas fields in the country to a unit of US-based firm ConocoPhillips.
[Read more…] about Transference of contractual rightFinal Investment Decision for Hidayah Development Project
Fossil Energy – Petronas
PETRONAS has reached the Final Investment Decision (FID) for developing the Hidayah field, located in the North Madura II Contract Area, East Java, Indonesia.
[Read more…] about Final Investment Decision for Hidayah Development ProjectPetronas reviews productivity in response to report potential downsizing
Fossil Energy – Productivity Review
In response to an online news portal’s report that it might be trimming its workforce due to its gas distribution agreement with Petroleum Sarawak, Petronas said it is conducting a comprehensive review of its productivity.
[Read more…] about Petronas reviews productivity in response to report potential downsizingThree wells offshore Suriname
Fossil Energy – Drilling
Noble and PETRONAS Suriname E&P have agreed the high-specification semisubmersible rig Noble Developer to drill three wells offshore Suriname.
[Read more…] about Three wells offshore SurinameExxonMobil withdraws from Block 52 Suriname
Fossil Energy – Suriname
ExxonMobil Exploration & Production Suriname has formally notified Staatsolie that it will withdraw from Block 52 in the Surinamese offshore area effective 14 November 2024.
[Read more…] about ExxonMobil withdraws from Block 52 SurinameHibiscus signs deal with Petronas for production interest
Fossil Energy – Acquisition
Hibiscus Petroleum Berhad announced that its indirect wholly-owned subsidiary, Straits Hibiscus has signed an agreement to acquire a 30% Participating Interest in the Block PM327 Production Sharing Contract through a farm-in arrangement with PETRONAS Carigali.
[Read more…] about Hibiscus signs deal with Petronas for production interestLate Life Asset PSC for production continuity Banang Field
Fossil Energy – Banang Field
Petronas, through Malaysia Petroleum Management (MPM) recently awarded a Late Life Asset Production Sharing Contract (LLA PSC) for Banang field, located offshore Peninsular Malaysia to Petra Energy Development.
[Read more…] about Late Life Asset PSC for production continuity Banang Field