Recent Articles

Lundin Spuds Maligan Prospect in Block SB307/SB308 Off East Malaysia
Friday, January 29, 2016 Lundin spuds the Maligan prospect in Block SB307/SB308 offshore East Malaysia using the jackup West Prospero.
Wood Mac: 2016 Promises Upstream Opportunities despite Tough Times
Thursday, January 28, 2016 A new report from oil and gas consultancy Wood Group shows that 2016 promises many opportunities around the world for the upstream sector in spite of challenging times.
SapuraKencana Cancels Deal to Acquire 3 Blocks Offshore Vietnam for $400M
Monday, January 25, 2016 Malaysia's SapuraKencana Petroleum cancels deal to acquire three offshore Vietnamese oil and gas blocks from PETRONAS Carigali for $400 million.
Lundin Sells FPSO Bertam to Malaysia's M3nergy for $265M
Friday, January 22, 2016 Sweden's Lundin Petroleum signs deal to sell FPSO Bertam, currently operating in Block PM307 offshore Peninsular Malaysia, to M3nergy for $265 million.
As Oil Slump Rocks PETRONAS, Malaysians Brace For Hard Times
Friday, January 22, 2016 When PETRONAS announces sharp spending cuts and describes a dismal outlook, it is confirmation for millions that they will struggle to make ends meet this year amid high costs.
Source: PETRONAS to Cut Spending by $11.41B Over Four Years
Tuesday, January 19, 2016 PETRONAS is planning to slash spending by as much as $11.41 billion over the next four years, as a slump in oil prices to multi-year lows pinches profits of the Malaysian state firm.
$20 Oil No Longer Mirage as World Confronts 12-Year Low
Wednesday, January 13, 2016 The world mostly ignored Ed Morse 11 months ago when the head of commodities research at Citigroup said oil could drop as low as $20.
Petronas Predicts More Tough Years as $30 Oil Seen on Oversupply
Tuesday, January 12, 2016 Petronas says crude prices could average $30 a barrel and warned the Malaysian state oil company faces two to three tough years.
Lundin Spuds Bambazon Prospect in Block SB307/308 Offshore East Malaysia
Friday, January 08, 2016 Lundin Petroleum spuds the Bambazobn exploration well in Block SB307/308 offshore East Malaysia after completing drilling operations at Imbok-1 prospect in the same block.
PETRONAS Says Oil Production Commences at Tanjong Baram Field Off Sarawak
Wednesday, January 06, 2016 PETRONAS says oil production has commenced at the Tanjong Baram field in Block SK307 offshore Sarawak, Malaysia.
PETRONAS' PFLNG1 Facility is 95% Complete, On Track to Commence Ops in 2016
Thursday, December 31, 2015 Malaysia's PETRONAS says its first floating liquefied natural gas facility is 95 percent complete and is on track to commence operations in 2016.
PETRONAS Carves Role as a Pioneer in Southeast Asia's Offshore EOR
Tuesday, December 29, 2015 Southeast Asia's largest offshore EOR project, became operational at Malaysia's Tapis field in September 2014, marking the culmination of a three decade-long journey for PETRONAS.
GLNG JV Signs Agreement to Supply Gas to Australia's AGL Energy
Thursday, December 24, 2015 GLNG project partners sign agreement to supply gas to Australia's AGL Energy.
MHB Bags Petronas Carigali's WHP Contract for Malaysia's Kumang Gas Fields
Thursday, December 24, 2015 Malaysia Marine and Heavy Engineering Holdings bags an engineering, procurement, construction and commissioning contract from Petronas Carigali for a wellhead platform at the Kumang cluster gas fields offshore Malaysia.
PBJV to Repair, Maintain Sabah Sarawak Gas Pipeline for PETRONAS Gas
Wednesday, December 09, 2015 Barakah Offshore's unit PBJV receives a letter of award from PETRONAS Gas to repair and maintain the Sabah Sarawak Gas Pipeline in eastern Malaysia.
Being Unconventional Helps PETRONAS Grow Unconventional Oil, Gas Business
Wednesday, December 09, 2015 With unconventional oil and gas projects becoming an integral part of its business, PETRONAS is adapting to the challenges by adopting an unconventional mindset.
PETRONAS' Unit PTVSB Inks Partnership with APSM
Thursday, December 03, 2015 Malaysia's PETRONAS Technology Ventures and Anticorrosion Protective Systems enter into a commercialization agreement for a technology that allows corroded subsea pipeline to be repaired in situ.
Alam Maritim Bags EPCIC Contract from PETRONAS Carigali for TCOT Project
Wednesday, December 02, 2015 Alam Maritim receives a letter of award from PETRONAS Carigali for the provision of engineering, procurement, construction, installation and commissioning of a pipeline for the Terengganu Crude Oil Terminal Project in Malaysia.
Lundin Drills Dry Well in Block PM308A Offshore Malaysia
Thursday, November 26, 2015 Lundin Petroleum completes the Selada-1 prospect in Block PM308A offshore Malaysia as a dry well.
PETRONAS, Partners Gain from Malaysia's Production Sharing Contracts
Wednesday, November 25, 2015 Sweden's Lundin Petroleum AB reiterated the importance of Malaysia to the firm's growth strategy in Southeast Asia.