Tag: oil & gas

TotalEnergies has acquired interests in several offshore blocks from PETRONAS in Malaysia and Indonesia, including Blocks SK301b and SK313 with over 4 Tcf of gas. This enhances its strategic LNG supply role in Southeast Asia from 2030.

Wood and Tendrill JV secured a five-year EPC contract with Brunei Shell Petroleum to deliver brownfield engineering services for both offshore and onshore assets in Brunei. The contract supports local employment and development.

CNOOC's subsidiary has entered an Exploration and Production Contract with Kazakhstan's Ministry of Energy and KazMunayGas for the Zhylyoi Subsoil Area, covering 958 km² in the Atyrau region and Caspian Sea. The first exploration phase spans 9 years, with a 50/50 joint venture.

Petronas has transferred operatorship of the Kebabangan Cluster Production Sharing Contract (PSC) offshore Malaysia to ConocoPhillips Sabah Gas. The facilities have an export capacity of up to 750 MMcf/d of gas, with commercial agreements in place for future field developments.

Petronas greenlights the Hidayah field project in East Java, featuring unmanned platforms and advanced offshore facilities.

Tanjung Offshore wins a six-month contract for maintenance and construction in the PM3-CAA oilfield, with an option to extend.

CNOOC begins production in South China Sea oilfields, aiming for 13,600 barrels per day with cost-efficient unmanned platforms.

SK Earthon, in partnership with Murphy Oil Corporation and PetroVietnam, discovered significant crude oil reserves in Vietnam’s 15-2/17 block. The Hai Su Vang-1X exploration well revealed a promising resource base, bolstering SK Earthon’s international exploration and production portfolio.

Petronas awarded PSCs for nine fields and one exploration block offshore Malaysia. The awards include clusters in Peninsular Malaysia and Sabah, involving Dialog Resources, EPOMS, ConocoPhillips, and Petronas Carigali. The contracts were offered under the Malaysia Bid Round 2024.

James Chater explains why, even though oil & gas are prospering at the moment, it is good to look towards the future