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Mubadala Petroleum, the Abu Dhabi headquartered international energy company, has successfully commenced first gas production from the Pegaga gas field in Block SK 320, offshore Malaysia. In a media statement released today, the company said that this milestone marks the safe and successful culmination...

Malaysia's offshore drilling contractor, Velesto Energy Berhad (VEB) announced that Velesto Drilling Sdn Bhd (VED), a wholly-owned subsidiary of Velesto Malaysian Ventures Sdn Bhd, which in turn is a wholly-owned subsidiary of VEB, has received a Letter of Award from PETRONAS Carigali Sdn. Bhd. (PCSB), for the...

KUALA LUMPUR, 30 November 2021 – PETRONAS and PTTEP announced a gas discovery from its Nangka-1 wildcat exploration well in Block SK417, located in the shallow waters of Baram Province, about 180 kilometres off the coast of Sarawak, offshore Malaysia. The Nangka-1 well was successfully...

Kuala Lumpur, 17 November 2021 - Energy solutions provider T7 Global Berhad hassecured two contracts worth a combined value of approximately RM150 million under itsenergy division for integrated well services and operations and maintenance businesses. In a media statement, the Group said that...

Kuala Lumpur, 9 November 2021 - Petroliam Nasional Berhad (PETRONAS), said on Tuesday it has partnered with a Malaysian unit of Exxon Mobil Corp, ExxonMobil Exploration and Production Malaysia Inc. (ExxonMobil) to jointly explore opportunities in carbon capture and storage (CCS) technologies in a bid to decarbonise the...

Borr Drilling said on Friday that it had secured a Letter of Award (LOA) for the premium jack-up drilling rig Gunnlod from IPC, in Malaysia.  According to Borr's latest fleet report, the company added that the drilling program was expected to start in November 2021 till March 2022.

Kuala Lumpur, 1 November 2021 – PETRONAS has awarded a Production Sharing Contract (PSC) for Block PM524 to POSCO International E&P Malaysia Sdn Bhd (POSCO International) and PETRONAS Carigali Sdn Bhd (PCSB). POSCO International, a wholly owned subsidiary of South Korean...

Velesto Energy Berhad (VEB) announced that its wholly owned subsidiary Velesto Drilling Sdn Bhd (VED) has received Letter of Award from PETRONAS Carigali Sdn. Bhd. (PCSB), for the provision of jack-up drilling rig services  In a filing to Bursa Malaysia today, the...

Sarawak Shell Berhad (SSB), a subsidiary of Royal Dutch Shell plc, announced that it has taken a final investment decision (FID) on the Timi gas development project and, together with its partners PETRONAS Carigali Sdn Bhd and Brunei Energy Exploration, look forward to delivering this for Malaysia.

Velesto's contract for the NAGA 7 jack-up rig with ConocoPhillips in Malaysia is considered terminated without notice following an incident earlier this year in which the rig submerged, resulting in a total loss of the asset. On 26 March 2021, Velesto Drilling Sdn...