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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

Three wells offshore Suriname

Tuesday, December 31 2024

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 Suriname

Filed Under: Drilling, drilling rig, International projects, Noble, Petronas, Semisub, Suriname Tagged With: noble, petronas, Suriname

ExxonMobil withdraws from Block 52 Suriname

Sunday, November 24 2024

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 Suriname

Filed Under: ExxonMobil, International News, Oil and Gas, Petronas, Staatsolie, Suriname Tagged With: ExxonMobil, petronas, Staatsolie, Suriname

Hibiscus signs deal with Petronas for production interest

Monday, August 26 2024

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 interest

Filed Under: Acquisition, Hibiscus, International projects, Petronas Tagged With: acquisition, Hibiscus, petronas

Late Life Asset PSC for production continuity Banang Field

Tuesday, June 25 2024

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

Filed Under: International projects, oil production, Petronas, Production Tagged With: Banang Field, oil production, petronas

Petronas makes oil and gas discovery offshore Suriname

Thursday, May 16 2024

Fossil Energy – Suriname

Petronas Suriname E&P has made a third hydrocarbon discovery in Block 52 at the Fusaea-1 exploration well in Suriname’s Block 52, located about 170 kilometres offshore and 9 kilometers east from Roystonea-1.

[Read more…] about Petronas makes oil and gas discovery offshore Suriname

Filed Under: Discovery, International projects, Petronas, Suriname Tagged With: discovery, petronas, Suriname

Suriname state-oil firm says Petronas exploration well shows promise

Friday, November 3 2023

Fossil Energy – Suriname

Malaysia’s state-owned oil firm Petronas has discovered several oil-bearing layers in an exploration well off the coast of Suriname, state oil firm Staatsolie said in a statement on Thursday.

[Read more…] about Suriname state-oil firm says Petronas exploration well shows promise

Filed Under: International News, Petronas, Staatsolie, Suriname Tagged With: Offshoreoilandgas, petronas, Staatsolie, Suriname

Petronas reports 6 oil and gas discoveries off Sarawak coast

Tuesday, July 25 2023

Fossil Energy – Oil and Gas Discoveries

Malaysia state oil firm Petronas said on Monday it has made six oil and gas discoveries in five blocks off the coast of Sarawak.

[Read more…] about Petronas reports 6 oil and gas discoveries off Sarawak coast

Filed Under: Discovery, Drilling, International projects, Petronas, Sarawak Tagged With: discoveries, drilling, petronas, Sarawak

Velesto’s rigs received Notice of Assignments from Petronas

Wednesday, May 10 2023

Fossil Energy – Drilling

Velesto Energy has received three Notice of Assignments related to the contract for the provision of jack-up drilling rigs for Petronas Carigali.

[Read more…] about Velesto’s rigs received Notice of Assignments from Petronas

Filed Under: Drilling, drilling rig, International News, Petronas, Velesto Tagged With: drilling, petronas, Velesto

Petronas inks farm-out agreement for Samarang PSC

Tuesday, April 11 2023

Fossil Energy – Farm Out Agreement

Petronas Carigali (PCSB) has entered into a Farm Out Agreement (FOA) with SMJ Sdn (SMJSB) for the sale of PCSB’s 50 per cent of non-operating participating interest in the Samarang Production Sharing Contract (PSC).

[Read more…] about Petronas inks farm-out agreement for Samarang PSC

Filed Under: Farm-out, International projects, Oil and Gas, Petronas, Samarang Tagged With: farm-out, petronas, Samarang, SMJ

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