Asia Pacific

Discoveries

Malaysia’s Petronas Discovers Oil at Indonesia’s Hidayah-1 Exploration Well

The well tested at about 2,100 barrels of oil per day with good crude quality, Petronas said in a statement.

February 24, 2021

Investment , Liquefied Natural Gas (LNG) , Midstream

Macquarie Capital Launches LNG Project Development Platform

WaveCrest Energy will initially focus on Latin American and Asian markets, helping enable a switch to natural gas, Macquarie Capital said.

February 24, 2021

Field Development , Subsea

TechnipFMC Snags Another Multimillion-dollar Subsea Contract

TechnipFMC’s latest contract, with state-owned Petronas, covers the development of 10 deepwater wells and their tieback to the Limbayong FPSO unit offshore Malaysia.

February 23, 2021

Earnings , Field Development

Oil Search Focuses on Alaska Stake Sale after Eking Out Profit for 2020

Oil Search’s main challenge this year is to sell a 15% stake in its $3 billion Pikka oil project in Alaska.

February 23, 2021

Crude Oil

US, Canadian Crude Exports to India Surge

In January, oil from the US and Canada accounted for 11% of India’s imports.

February 22, 2021

Discoveries

CNOOC Makes Large Oil, Gas Discovery in Bohai Bay

The discovery well was tested to produce an average of about 1,980 barrels of crude oil and 5.25 million cubic feet of natural gas per day.

February 22, 2021

Exploration & Production

Malaysia’s Petronas Awards Block SB405 to ConocoPhillips

The firm said the award of the block was expected to bolster exploration activities off the coast of Sabah state.

February 19, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Feb. 10, 2021

Here’s a snapshot of recent energy deals including Northern Oil and Gas’ expansion into the Marcellus Shale with a $250 million acquisition from India’s Reliance plus Japanese trading house Sumitomo’s U.S. shale exit.

February 10, 2021

Discoveries

Thailand’s PTTEP Announces Largest-ever Gas Discovery in Malaysia

The discovery is based on the appraisal of Lang Lebah-2 in the Sarawak SK 410B project.

February 10, 2021

Field Development

Papua New Guinea, Total Sign Agreement for Delayed Papua LNG Project

The agreement would stick to terms agreed in April 2019, PNG Prime Minister James Marape said.

February 9, 2021