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

Friday, November 14 2025

Fossil Energy – Commercial Field Approval

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

[Read more…] about Staatsolie approves commercial field for Sloanea-1 discovery in Block 52

Filed Under: approval, Gas discovery, International News, Petronas, Sloanea 1, Staatsolie, Suriname Tagged With: approval, Gas discovery, petronas, Sloanea 1, Staatsolie, Suriname

Staatsolie signs contracts for Block 9 & Block 10

Thursday, November 6 2025

Fossil Energy – Suriname

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

[Read more…] about Staatsolie signs contracts for Block 9 & Block 10

Filed Under: Chevron, International News, Oil and Gas, Petronas, production sharing contract, Staatsolie, Suriname Tagged With: chevron, petronas, Production Sharing Contracts, Staatsolie, Suriname

Eni and Petronas establish NewCo

Tuesday, November 4 2025

General – Independent Company

Today marks a new chapter in Eni’s growth journey, and a milestone for both Eni and PETRONAS.

[Read more…] about Eni and Petronas establish NewCo

Filed Under: ENI, Indonesia, International News, Malaysia, NewCo Tagged With: Eni, establishment, Indonesia, malaysia, management, NewCo, petronas

PT Pertamina Hulu Energi joins forces with Petronas and TotalEnergies

Tuesday, October 28 2025

Fossil Energy – Partnership

PT Pertamina Hulu Energi joins forces with PETRONAS and TotalEnergies on the Bobara PSC in Indonesia, offshore West Papua.

[Read more…] about PT Pertamina Hulu Energi joins forces with Petronas and TotalEnergies

Filed Under: Indonesia, International projects Tagged With: Bobara PSC, Indonesia, petronas, PT Pertamina, TotalEnergies

Petronas expands Suriname portfolio with deepwater block acquisition

Wednesday, June 25 2025

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

Filed Under: International projects, Oil and Gas, Petronas, production sharing, Suriname Tagged With: Oil and Gas, petronas, Production Sharing Contract, Suriname

PETRONAS and PETROVIETNAM strengthen oil and gas ties

Tuesday, April 15 2025

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 ties

Filed Under: commercial agreement, International News, Petronas, PetroVietnam Tagged With: Commercial Arrangement, KPA, petronas, PetroVietnam

Soil investigation work for Carbon Captured Storage project

Tuesday, February 4 2025

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 project

Filed Under: CCS, Duyong Field, International projects, Joint study and development agreement, Malaysia, Petronas, Soil Investigation Tagged With: ccs, Duyong Field, JSDA, malaysia, petronas, Soil Investigation

Transference of contractual right

Friday, January 24 2025

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 right

Filed Under: ConocoPhillips, International projects, Petronas, Sabah, transfer contractual right Tagged With: ConocoPhilips, petronas, Sabah Gas, transfer operational righs

Final Investment Decision for Hidayah Development Project

Friday, January 10 2025

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 Project

Filed Under: FID, Hidayah Field, Indonesia, International projects, Petronas Tagged With: FID, Hidayah Field, Indonesia, petronas

Petronas reviews productivity in response to report potential downsizing

Friday, January 3 2025

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 downsizing

Filed Under: downsizing, International projects, Petroleum Sarawak, Petronas, Production Tagged With: downsizing, Petroleum Sarawak, petronas, productivity

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