Sapura Energy chalks up new contract wins to shift in bid strategy

Malaysian oil and gas services provider Sapura Energy secured new contracts with a total value of RM2.7 billion or about $613 million in 2Q FY2023, attributing this to its shift in bid strategy. Sapura Energy revealed on Thursday that its … Read More

Petronas employee arrested over suspected graft

Malaysian state-owned oil and gas company Petronas has revealed that one of its employees has been arrested over suspected graft. Petronas confirmed on Saturday that one of its junior-level executives had been arrested by the Malaysian Anti-Corruption Commission (MACC) for … Read More

Petronas picks Velesto’s suite of rigs for Malaysian ops

Malaysian rig owner Velesto has secured new work for its jack-up drilling rigs for operations in Malaysia with the country’s oil and gas operator, Petronas Carigali. Based on Velesto Energy’s Bursa Malaysia announcement on Friday, Velesto Drilling – a wholly-owned … Read More

Velesto jack-up to drill five firm wells for Petronas

Malaysian rig owner Velesto has secured more work for one of its jack-up drilling rigs for operations in Malaysia with the country’s oil and gas operator, Petronas Carigali. NAGA 2 jack-up rig; Source: Velesto According to Velesto Energy’s Bursa Malaysia … Read More

Contract for Velesto rig terminated after ‘total loss’ incident

Velesto Drilling’s contract with ConocoPhillips in Malaysia for the NAGA 7 jack-up rig is considered terminated following an incident earlier this year in which the rig tilted and submerged, resulting in a total loss of the asset. ConocoPhillips hired the … Read More

Rex to add more resources to portfolio with new fields off Malaysia

Singapore’s Rex International, together with its Malaysian partner Duta Marine, has signed two Production Sharing Contracts (PSCs) in Malaysia awarded earlier by Petronas. These PSCs are related to the development and production of the Rhu-Ara and the Diwangsa Clusters located … Read More

First oil flows from Petrofac’s Malaysian oilfield

The Petrofac-operated East Cendor field in Block PM304 located 140 kilometres offshore Peninsular Malaysia achieved its first oil production on 23 June 2021. The field was developed by Petrofac, Kuwait Foreign Petroleum Exploration Company, and Petronas Carigali, under the Block … Read More

Velesto abandons sunken rig while progressing insurance claims

Malaysian rig owner Velesto Energy is progressing on the insurance claims and it has issued a notice of abandonment for its NAGA 7 rig, which tilted and submerged off Malaysia in May 2021. On 3 May 2021, an incident involving … Read More

Velesto rig lands ConocoPhillips gig

Malaysian offshore drilling contractor Velesto Drilling has received a letter of award from ConocoPhillips for the provision of jack-up rig services. The contract is for a jack-up rig named NAGA 7 with an estimated contract value of $8 million, Velesto … Read More

PTTEP to boost Malaysian energy supply following first gas from deepwater fields

Thailand’s energy player PTTEP has confirmed the start-up of natural gas production from the Rotan and Buluh fields offshore Malaysia, which will increase the domestic LNG production capacity and strengthen PTTEP investment portfolio in the country. The PTTEP-operated Rotan and … Read More