Malaysia's state energy firm Petronas said on Dec. 12 it would work with JX Nippon Oil & Gas Exploration Corp. on a joint proposal to monetize gas potential in the Bujang, Inas, Guling, Sepat and Tujoh (BIGST) fields located off the shores of peninsular Malaysia.
The BIGST fields are located off Kerteh, Terengganu in eastern Malaysia, Petronas said.
Carbon capture and storage (CCS) technology will be key to monetizing the fields as they contain high CO2, Petronas said, adding that it will be the first CCS project in Peninsular Malaysia.
"The BIGST cluster will also be the catalyst that is expected to spur the development of other high contaminant fields in Peninsular Malaysia which was not possible prior to this, due to the lack of complete CO2 handling infrastructure," the company said in a statement.
Dawson Geophysical Purchases Seismic Firm Breckenridge Geophysical
2023-03-24 - Wilks Brothers-controlled Dawson will purchase Breckenridge Geophysical — owned by Wilks Brothers — in an all-stock deal worth more than $10 million.
Superior Energy Services Considers Strategic Alternatives, Potential Consolidation
2023-03-23 - Superior, an international provider of drilling, completion and production services and products, is exploring its options to boost value for shareholders, including through M&A.
CorEnergy Sees ‘High’ Interest in Marketed Pipeline Systems
2023-03-22 - CorEnergy Infrastructure Trust Inc. is marketing its Omega Pipeline Co. and MoGas Pipeline LLC systems as it looks to deleverage.
A&D Minute: Could Crude Transportation Safety Improve with Railway Mega-merger? [WATCH]
2023-03-22 - Also in this week's A&D Minute, Principal Solar plans on buying the century-old Minerva-Rockdale oil field and New Fortress Energy is divesting its interest in a floating LNG facility.
Energy A&D Transactions from the Week of March 22, 2023
2023-03-22 - Here’s a snapshot of recent energy deals, including Canadian Pacific Railway’s $27 billion acquisition of Kansas City Southern, the only single-line crude-by-rail railroad connecting Canada, the U.S. and Mexico.