HOUSTON, TEXAS (By SLB, 9.Jul.2026, Words: 305) — SLB announced its OneSubsea™ joint venture has been awarded a contract by Eni North Ganal Limited (a subsidiary of Searah Limited, a joint venture company between Eni and PETRONAS) to deliver a steel tube umbilical system for the Kutei North Hub field […]
Tag: Petronas
Petrobras inks $450mn in contracts to restore 100% interest in 2 Campos basin fields
ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 9.Apr.2026, Words: 259) — Petrobras signed contracts with Petronas Petróleo Brasil Ltda. for the acquisition of 50% interests in the Tartaruga Verde and Espadarte – Module III fields, located in the Campos basin. Once completed, Petrobras will once again hold a 100% interest […]
Subsea7 and SLB OneSubsea ink strategic collab with PETRONAS Suriname
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 7.Apr.2026, Words: 267) — Subsea7 signed a strategic collaboration agreement between PETRONAS Suriname E&P B.V., a subsidiary of PETRONAS and Subsea Integration Alliance (SIA), which comprises Subsea7 and SLB OneSubsea. The agreement creates a long-term framework for close collaboration on field development […]
McDermott inks EPCIC contract for natural gas development offshore Brunei
HOUSTON, TEXAS (By McDermott, 9.Dec.2025, Words: 252) — McDermott secured a subsea contract from PETRONAS Carigali Brunei Ltd. for engineering, procurement, construction, installation and commissioning (EPCIC) of a natural gas development project offshore Brunei Darussalam. This development represents one of the country’s most significant conventional gas projects. The award follows McDermott’s […]
PETRONAS and Staatsolie declare commerciality for Sloanea field offshore Suriname
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 14.Nov.2025, Words: 315) — PETRONAS, through its wholly-owned subsidiary PETRONAS Suriname E&P B.V. (PSEPBV), together with Staatsolie Maatschappij Suriname N.V., achieved a significant milestone with the Declaration of Commerciality (DoC) of Sloanea field in block 52. RELATED: Staatsolie, PETRONAS, ExxonMobil Ink Block 52 LoA
EAI brief: PETRONAS names Dato’ Seri TPr (Dr.) Maimunah Mohd Sharif as property advisor
BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 13.Nov.2025, Words: 151) — PETRONAS announced appointment of Dato’ Seri TPr (Dr.) Maimunah Mohd Sharif as its property advisor taking effect from 17 Nov. 2025. Maimunah will guide in shaping the next phase of growth in its property portfolio, primarily with regards […]
Staatsolie inks contracts with Petronas and Chevron, advances “Suriname 3.0”
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 5.Nov.2025, Words: 515) — Staatsolie Maatschappij Suriname N.V. signed production sharing contracts (PSCs) for offshore Blocks 9 and 10. The contracts were signed on 5 Nov. 2025 with the operators PETRONAS Suriname E&P B.V. (block 9) and Chevron Suriname Exploration Limited (block […]
EAI Brief: Eni CEO Claudio Descalzi meets with Petronas CEO, Malaysia PM Anwar Ibrahim
ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 2.Jul.2025, Words: 250) — Eni‘s CEO Claudio Descalzi met with Petronas CEO Tengku Muhammad Taufik as well as Malaysia’s prime minister Anwar Ibrahim in Rome. During the meeting in Rome, the 3 parties discussed the progress of the business combination between Eni’s […]
Maiden LNG cargo heading for Asia puts Canada on the LNG exporting club map
BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 30.Jun.2025, Words: 574) — The new LNG Canada export facility, located in Kitimat, British Columbia, in the traditional territory of the Haisla Nation, successfully loaded a first cargo of liquefied natural gas (LNG) that is now destined for global markets. This […]
TotalEnergies acquires 25% interest in block 53 offshore Suriname
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 27.Jun.2025, Words: 215) — France’s TotalEnergies inked an agreement to acquire the 25% interest held by Moeve (formerly known as CEPSA) in block 53, offshore Suriname. As such, the French energy giant joins the US’ APA Corporation (operator, 45% WI) and […]
PETRONAS and JOGMEC ink memorandum to explore strategic bilateral LNG arrangements
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 23.Jun.2025, Words: 200) — PETRONAS LNG Sdn. Bhd. (PLSB), a subsidiary of Petroliam Nasional Berhad (PETRONAS) and Japan Organization for Metals and Energy Security (JOGMEC) signed a memorandum of cooperation (MOC) to expand the collaboration framework in the liquefied natural gas (LNG) sector, […]
Woodside and Petronas ink HOA for 1 MTPA of LNG over 15 years starting in 2028
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 18.Jun.2025, Words: 357) — Woodside Energy and PETRONAS, through its subsidiary PETRONAS LNG Ltd (PLL), signed a non-binding heads of agreement (HOA) for the supply of 1 million tonnes per annum (MTPA) of liquefied natural gas to Malaysia from 2028 for a period […]
Staatsolie and PETRONAS ink PSC for deep offshore block 66
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 17.Jun.2025, Words: 315) — Staatsolie Maatschappij Suriname N.V. signed a production sharing contract (PSC) with PETRONAS Suriname E&P B.V. (PSEPBV) and Paradise Oil Company N.V. (POC) for Suriname’s deep offshore block 66. In the deal, PETRONAS, through PSEPBV, acquired the exploration, development […]
TotalEnergies expands Malaysia’s portfolio strengthening its ties with PETRONAS
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 16.Jun.2025) — During Energy Asia 2025 in Kuala Lumpur, TotalEnergies announced the acquisition from PETRONAS of interests in multiple blocks offshore Malaysia and in 1 block offshore Indonesia, where exploration, appraisal and development programs will be progressed. The licenses, which are all […]
![Vista Energy boasts P1 reserves of 518.5 MMboe pro forma for PEPASA deal [PDF download]](https://energy-analytics-institute.org/wp-content/uploads/2020/01/LAYOUT-Mexico-City-fuelethers.jpg)
Vista Energy boasts P1 reserves of 518.5 MMboe pro forma for PEPASA deal [PDF download]
MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 2.Jun.2025, Words: 229) — Mexico City-based Vista Energy, S.A.B. de C.V. reported year-end 2024 proved (P1) reserves of 143 million barrels of oil equivalent (MMboe) corresponding to its 50% working interest in La Amarga Chica and before taking into account a 100% […]
PEGT working to stabilize gas supply after Putra Heights pipeline fire
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 16.Apr.2025) — Petronas Energy & Gas Trading Sdn. Bhd. (PEGT) has taken proactive steps to minimize the impact of natural gas supply interruptions following the Putra Heights pipeline fire incident. This, by securing additional gas supply volume to affected areas. PEGT is actively […]
Vista acquires Petronas Argentina in $1.5bn deal, boosting Vaca Muerta position
MEXICO CITY, MEXICO (Editors at Energy Analytics Institute, 16.Apr.2025) — Vista Energy, S.A.B. de C.V. announced that its subsidiary Vista Energy Argentina S.A.U has acquired 100% of the capital stock of Petronas E&P Argentina S.A. (PEPASA), which holds a 50% working interest in La Amarga Chica unconventional concession (LACh), located […]
Eni and Petronas Combination to Create new Southeast Asian Energy ‘Major’
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 28.Feb.2025) — Italy’s Eni SpA and Malaysia’s national oil company Petronas announced plans to combine select upstream assets from their Indonesia and Malaysia portfolios to form a new, standalone and self-funded joint venture (JV). The JV is expected to have some 3 billion […]
Petronas Transfers KBBC PSC Operatorship to ConocoPhillips
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 23.Jan.2025) — Petronas, through Malaysia Petroleum Management (MPM), marked a milestone in the strategic development of the Kebabangan Cluster Production Sharing Contract (KBBC PSC) with the official transfer of operatorship to ConocoPhillips Sabah Gas Ltd. With an export capacity up to 750 million […]
Petronas Takes FID for Hidayah Development Project
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 10.Jan.2025) — Petronas subsidiary PC North Madura II Ltd., reached a final investment decision (FID) for the Hidayah field the development, located in the North Madura II Contract Area, East Java, Indonesia. PC North Madura II Ltd. operates Hidayah with 100% participating interest […]
Staatsolie Provides Highlights of Key 2024 Activities
PARAMARIBO, SURINAME (Staatsolie, 30.Dec.2024) — With the approval of the development plan and the announcement of the final investment decision (FID) for a production field in Block 58, 2024 marked a historic milestone for Staatsolie Maatschappij Suriname N.V. and Suriname. The production and financial results of the past year confirm […]
YPF and Shell Ink PDA for $55bn Argentina LNG 10 MTPA Phase 1
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 19.Dec.2024) — YPF SA president and CEO Horacio Marín, and Shell‘s executive vice resident of LNG Cederic Cremers inked a project development agreement (PDA) in The Hague, Netherlands for development the Argentina LNG project. “We are proud to have Shell, with its […]
Shell inks deal in The Hague to enter Argentina LNG
HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 19.Dec.2024) — Shell plc signed a major development agreement for the ambitious Argentina LNG export project. The deal was inked by Shell’s Executive Vice President of LNG Cederic Cremers in the company’s headquarters in The Hague, Netherlands, YPF president Horacio Daniel Marín announced […]
The Vaca Muerta Gas-export Plan is a Pipe Dream
(Reuters, 21.Nov.2024) — Natural gas production is booming in Argentina’s vast Vaca Muerta shale lands, but full pipelines and the government’s free-market approach to paying for new ones may prevent the country from becoming a major gas exporter by early next decade. About $58 billion worth of new or upgraded […]
ExxonMobil Withdraws from Suriname Block 52
(Piero Stewart, Energy Analytics Institute, 20.Nov.2024) — ExxonMobil Exploration & Production Suriname B.V. formally notified Suriname’s state-owned Staatsolie that it will withdraw from Suriname offshore Block 52 with an effective date of 14 Nov. 2024. The withdrawal is part of ExxonMobil’s ongoing evaluation of assets in its global portfolio, Staatsolie said […]
Tecpetrol and Pampa Energía Move Forward with Plans for Bahía Blanca
(Energy Analytics Institute, 29.Oct.2024) — Vaca Muerta shale formation producers Tecpetrol and Pampa Energía are reportedly moving forward with plans to utilize the Bahía Blanca port area recently abandoned by state-owned YPF SA and its Malaysian counterpart Petronas in favor of another port at Río Negro. Tecpetrol, Argentina’s main shale […]
LatAm NRG Matters: Highlights, Heard
(Energy Analytics Institute, 27.Sep.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 27 Sep. 2024. —Argentina: Petronas is rumored to be pondering stepping back from Argentina LNG, the South American country’s initial LNG export project, leaving YPF alone to search for partners. —Brazil: Petrobras […]
YPF CEO Marín Downplays Petronas Drama
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 24.Sep.2024) — YPF President and CEO Horacio Marín downplayed the impact of Petronas deciding not to move forward as a partner in a massive LNG facility (onshore and offshore) planned on Argentina’s Atlantic Coast. “There is no need to dramatize” the news if […]
PETRONAS and SIM Distribuidora to Pilot Three Fuel Stations in Brazil
(Petronas, 1.Aug.2024) — Petroliam Nasional Berhad (Petronas) launched its first brand licensing initiative in partnership with SIM Distribuidora, that will operate three pilot fuel retail stations in Brazil. Strategically positioned in key urban locations, the three Petronas-branded fuel retail stations will provide customers with convenient access to Petronas’ high performance […]
PETRONAS, Enilive and Euglena Take FID on Biorefinery in Malaysia
(Eni, 26.Jul.2024) — Petroliam Nasional Berhad (PETRONAS), Enilive S.p.A (a company directly controlled by Eni S.p.A.), and Euglena Co., Ltd. have reached the final investment decision (FID) to develop a biorefinery which will be located within PETRONAS’ Pengerang Integrated Complex (PIC), Johor, Malaysia. The three companies will establish a joint venture […]
Petronas Discovery in Suriname Approaches 400 MMbbls
(Petronas, 16.May.2024) — Addressing the recent deepwater discovery by Petronas in Suriname, Mark Oberstoetter, Head of Americas (non-L48) Upstream, said “We understand Roystonea and Fusaea’s recoverable resources are approaching 400 million barrels. This could be enough to support an FPSO with an oil processing capacity of up to 100,000 b/d […]
Petronas, ExxonMobil Report Find in Suriname’s Offshore Block 52
(Petronas, 16.May.2024) — Petronas Suriname E&P B.V., a subsidiary of Petronas, has made a third hydrocarbon discovery in Block 52 at the Fusaea-1 exploration well in Suriname’s Block 52, located about 170 kilometres offshore and 9 kilometers east from Roystonea-1 The well was spudded in Feb. 2024 and successfully drilled […]
PETRONAS Signs PSC for the Bobara Working Area, Eastern Indonesia
(PETRONAS, 14.May.2024) — PETRONAS E&P Bobara Sdn. Bhd., a subsidiary of PETRONAS, signed a Production Sharing Contract (PSC) for the Bobara Working Area located at the offshore of West Papua, Eastern Indonesia. PETRONAS has been awarded the Bobara Working Area with a total acreage of 8,444.49 square kilometers during the […]
PETRONAS Signs a 20-Year PSC Extension Deal for Ketapang Contract Area
(PETRONAS, 14.May.2024) — IPC Ketapang II Ltd. (PCK2L), a subsidiary of PETRONAS, signed a Production Sharing Contract (PSC) extension for the Ketapang Contract Area located in the Java Sea following the approval granted by the Government of Indonesia through the Ministry of Energy and Mineral Resources on 21 Dec. 2023, […]
PETRONAS Comments on Power Loss at LNG Complex in Bintulu
(Energy Analytics Institute, 14.May.2024) — PETRONAS subsidiary Malaysia LNG Group of Companies (MLNG) encountered a loss of power at around 11:30 p.m. on 10 May 2024 at the PETRONAS LNG Complex (PLC) in Bintulu. Prior to the incident, the facility was operating at optimal efficiency, PETRONAS said 14 May in an […]
PGS Commences MultiClient 3D Survey in Penyu Basin, Offshore Malaysia
(PGS, 3.Apr.2024) — PGS, a fully integrated marine geophysical company, together with its joint venture consortium partners, TGS and SLB have successfully commenced a MultiClient 3D seismic project located in the Penyu Basin, offshore Peninsular Malaysia. The Ramform Sovereign vessel was mobilized to the acquisition area in Mar. 2024 and […]
TGS Starts Penyu Basin Multi-Client Offshore Peninsular Malaysia
(TGS, 3.Apr.2024) — TGS, a global energy data and intelligence provider, alongside JV consortium partners PGS and SLB, announces the commencement of a multi-client 3D seismic project in the Penyu Basin, offshore Peninsular Malaysia. In partnership with Malaysia Petroleum Management (MPM), PETRONAS, the custodian of petroleum resources in Malaysia, this project […]
PETRONAS and JERA to Explore Value Chain Between Japan and Malaysia
(PETRONAS, 2.Apr.2024) — PETRONAS, through its subsidiary PETRONAS CCS Solutions Sdn Bhd (PCCSS), recently signed a Joint Study Agreement (JSA) with JERA Co., Inc, to evaluate the feasibility of the entire carbon capture and storage (CCS) value chain including separation and capture of carbon dioxide (CO2) emitted by JERA in […]
Petronas Reports Strong 2023 Financials
(PETRONAS, 31.Mar.2024) — For the financial year ended 31 Dec. 2023, PETRONAS recorded lower revenue of RM343.6 billion, mainly impacted by lower average realised prices. This is partially offset by improved sales volumes mainly from petroleum products and foreign exchange impact. PETRONAS continues to exercise strict capital discipline and robust portfolio […]
Staatsolie, PETRONAS, ExxonMobil ink block 52 LoA
PARAMARIBO, SURINAME (By Staatsolie, 4.Mar.2024, Words: 515) — Staatsolie Maatschappij Suriname N.V. signed a Letter of Agreement (LoA) with PETRONAS and ExxonMobil on 4 Mar. 2024. The LoA is necessary for further exploration of the gas discovery made in 2020 with the Sloanea-1 exploration well in Block 52. PETRONAS made a […]
QatarEnergy Inks PSCs for Offshore Suriname Blocks
(QatarEnergy, 15.Dec.2023) — QatarEnergy signed two Production Sharing Contracts (PSCs) for Suriname’s offshore Blocks 64 and 65, which it had won during a bid round held in June 2023. Pursuant to the signed contracts, QatarEnergy will own a 30% working interest in block 64, while TotalEnergies (the operator) will own […]
TotalEnergies Expands Presence in Suriname with New License
(TotalEnergies, 15.Dec.2023) — TotalEnergies and its partners QatarEnergy and Petronas signed a production sharing contract for Block 64 with Staatsolie Maatschappij Suriname, the state-owned oil company of Suriname. “TotalEnergies is delighted to expand further its presence in offshore Suriname, together with two strategic partners. This new block fits well with […]
Petronas FutureTech 3.0 Accelerates Growth of Startups in Sustainable Innovations
(Petronas, 31.Oct.2023) — Petronas’ accelerator programme, Petronas FutureTech 3.0 selected at its Demo Day today 10 technology-driven startups that have shown the most potential in developing impactful, future-focused and sustainable innovations which are able to meet energy transition needs. Five selected startups including Entomal Biotech Sdn Bhd, Wildfire Energy Pty […]
Petronas Makes Oil Find in Suriname’s Offshore Block 52
(Petronas, 2.Nov.2023) — Petronas’ subsidiary, Petronas Suriname E&P B.V., has made an oil discovery at the Roystonea-1 exploration well in Suriname’s Block 52. The well, located about 185 kilometers offshore in water depth of 904 meters, was successfully drilled to a total depth of 5,315 meters. It also encountered several […]
Petronas Forms Integrity Alliance with Industry Players
(Petronas, 26.Oct.2023) — Petronas has formed an Integrity Alliance with its vendors to push for a greater governance and integrity culture within the oil and gas industry in line with the company’s policy of zero-tolerance against any form of corruption. The Integrity Alliance Ceremony with the theme ‘Fortifying Trust through […]
EAI’s NRGBriefs: Jun. 2023
(Energy Analytics Institute, 30.Jun.2023) — Energy briefs as well as others related to finance and projects during June 2023 including YPF and Petronas updating on their joint plans to develop a 25 MTPA LNG facility in Argentina; Caterpillar Inc. saying its chief legal officer and general counsel Suzette M. Long will retire […]
QatarEnergy Inks PSC for Agua-Marinha Block
(QatarEnergy, 3.Jun.2023) — QatarEnergy, and its joint-venture partners TotalEnergies, Petrobras, and PETRONAS Petróleo Brasil Ltda. (PPBL) signed the Production Sharing Contract (PSC) for the Agua-Marinha block which was awarded to the consortium on 19 December 2022 in the 1st Cycle Permanent Offer round, by Brazil’s National Agency of Petroleum, Natural Gas, […]
Petrobras Receiving R$1.3bn Earnout from Sépia
(Petrobras, 27.Jan.2023) — Petrobras received today, up front, the amount of R$1.3bn, regarding the complement of the firm compensation (earnout) for fiscal year 2022, related to the Sépia block. The amount already includes the amount of the gross-up of taxes related to TotalEnergies‘ 28%, Petronas’ 21% and QP Brasil Ltda’s […]
Noble Provides Operational and Financial Update
(Noble Corp. 21.Jan.2023) — Noble Corporation plc (CSE: NOBLE, NYSE: NE) today provides an operational and financial update for the fourth quarter of 2022 as well as recent operational and contracting highlights and updates on its prior guidance for Adjusted EBITDA for the fourth quarter of 2022. In accordance with […]
Brazil Bid Round Alert: Welligence
(Welligence, 16.Dec.2022) — Brazil bid round alert! The first PSC Permanent Offer round was held today, with 4 of the 11 blocks on offer in the Santos and Campos basins awarded. The involvement of large international companies is encouraging, but most of the acreage awarded was lower risk, including areas […]