Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

Brava Energia to buy Petronas stake in Campos Basin Assets

Fossil Energy – Acquisition

Brazil’s Brava Energia has signed an agreement to acquire Petronas’ 50% equity interest in the Tartaruga Verde field and in Module III of the Espadarte field in the Campos Basin.

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Vantris secures offshore contracts from Petronas

Fossil Energy – Malaysia

Vantris Energy has secured contracts worth about RM1.4 billion from Petronas Carigali for offshore transportation and installation works under two upstream development projects in Malaysia.

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Petronas drills first of four wells Offshore Suriname

Fossil Energy – Drilling

Petronas has completed drilling of the Caiman-1 exploration well in Block 52 offshore Suriname, marking the first well in its four-well 2025–2026 drilling campaign in the block.

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McDermott awarded EPCIC contract by Petronas Brunei

Fossil Energy – EPCIC Contract

McDermott has received an EPCIC contract from Petronas Carigali Brunei for a major offshore natural gas development in Brunei Darussalam.

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Staatsolie approves commercial field for Sloanea-1 discovery in Block 52

Fossil Energy – Commercial Field Approval

Staatsolie Maatschappij Suriname has approved the Commercial Field for the Sloanea-1 gas discovery in Block 52 offshore Suriname.

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Staatsolie signs contracts for Block 9 & Block 10

Fossil Energy – Suriname

On Wednesday, November 5, 2025, Staatsolie Maatschappij Suriname signed Production Sharing Contracts (PSCs) for offshore Blocks 9 and 10.

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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.

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Soil 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.

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