Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

TotalEnergies acquires 50% of Malaysian gas producer SapuraOMV

Fossil Energy – Malaysia

TotalEnergies has signed an agreement with the Austrian group OMV to acquire its 50% interest in the Malaysian independent gas producer and operator SapuraOMV Upstream (SapuraOMV) for a consideration of US$903m, subject to customary closing adjustments.

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McDermott secures contract for Kasawari CCS project in Malaysia

General – CCS Project Malaysia

McDermott has been awarded an offshore contract from Malaysia Marine and Heavy Engineering for the Kasawari Carbon Capture and Storage (CCS) project, located offshore Sarawak in East Malaysia.

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Sarawak Shell awards McDermott T&I contract

Fossil Energy – Pipelay and Heavy Lift

McDermott has been awarded an offshore transportation and installation contract from Sarawak Shell Berhad (SSB), for the F22, F27 and Selasih fields (FaS) pipelay and heavy lift project off the coast of Sarawak in East Malaysia.

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Collaboration to explore development of carbon sequestration hubs

General – Carbon Hub

On December 30, 2022, Shell Malaysia and Petronas have signed a Cooperation Agreement to jointly explore the development of Carbon Sequestration Hubs in Malaysia.

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10-year extension for Bertam oilfield PSC offshore Malaysia

Fossil Energy – Production Sharing

International Petroleum Corp.’s (IPC) Malaysian subsidiaries have signed a letter agreement with Petronas on extending the production sharing contract (PSC) for offshore Block PM 307, which covers the producing Bertam Field.

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