News
June 19, 2025
As part of the collaboration, Petronas will deploy Halliburton Landmark’s DecisionSpace® 365 Geosciences Suite and Unified Ensemble Modeling solutions with the objective to unify exploration and development workflows and accelerate time to first oil.
News
June 05, 2025
Petronas, Malaysia’s state-owned oil and gas company, will cut about 10% of its workforce in a firm-wide restructuring as it looks to reduce costs due to falling crude prices. The company will reduce headcount by more than 5,000 people, said CEO Muhammad Taufik.
News
June 03, 2025
Petronas is considering options for its Canadian company formerly known as Progress Energy Resources Corp., including a sale, according to people familiar with the matter. A transaction could value the Canadian business at $6 billion to $7 billion, sources said.
News
May 27, 2025
Valeura Energy has completed an eight-well drilling campaign at License B5/27, offshore Gulf of Thailand, the company announced. The block B5/27 drilling program was completed safely, on time, and under budget, Valeura noted.
News
May 15, 2025
Sinopec has announced a major shale gas exploration breakthrough of its Project Deep Earth - Sichuan and Chongqing Natural Gas Base. The vertical depth of the well reaches over 5,300 m, setting a new record for vertical depth of shale gas wells in China.
News
May 14, 2025
Eni has started gas production from the Merakes East field, in the Kutei basin, offshore Indonesia. The field will contribute up to 100 MMscfd of gas or approx. 18,000 boed to Eni’s production. This startup is another example of fast-track development as the field was brought on production approximately two years from FID.
News
May 09, 2025
WTI climbed 1.9% to settle near $61 a barrel on Friday, the highest in over a week, as the Trump administration weighs reducing levies on China to de-escalate tensions and temper the economic pain in both countries.
News
May 09, 2025
Thailand officials have discussed potential involvement in a $44 billion Alaska gas pipeline project through investments in gas exploration and production and related infrastructure with project officials, the Ministry of Energy said in a statement on Thursday.
News
April 29, 2025
CNOOC has led Beijing’s efforts to boost oil and gas output and bolster energy security, and its focus on extraction helped deliver near-record annual profits last year. But that dependence on upstream prices was a burden in Q1 2025.
News
April 23, 2025
Oil prices may decline further this year as new production swells and demand remains capped by China’s faltering growth, the head of the International Energy Agency said. Crude futures remain nearly 9% below levels traded before U.S. President Donald Trump's tariffs announcements.
News
April 23, 2025
HYCO1 and Malaysia LNG (MLNG) have signed a Memorandum of Understanding (MOU) to collaborate on the potential utilization and conversion of 1 Mmtpa of CO2. MLNG, a subsidiary of PETRONAS, is the CO2 supplier for the project.
News
April 21, 2025
China’s LNG imports from the U.S. dropped to zero in March, marking a major shift in global energy trade amid rising tariffs and trade tensions. The 70% quarterly drop signals a broader realignment in LNG flows.
News
April 15, 2025
MODEC, a leading floating solutions provider in the global FPSO industry, has opened its new execution center in Kuala Lumpur, affirming its commitment to Malaysia as a strategic hub for regional business operations and innovation.
News
April 01, 2025
Sinopec announced the discovery of over 140 million tonnes (MMt) of proven reserves of shale oil at its Shengli Oilfield in East China. This is the first shale oil field with proven reserves of over 100 MMt to be certified by China's Ministry of Natural Resources.
News
March 31, 2025
CNOOC Ltd. has made a major oilfield discovery of Huizhou 19-6 in the deep and ultra-deep plays of the South China Sea, which adds over a hundred million tons of oil equivalent in-place, the company announced.
News
March 31, 2025
PetroChina Co.’s profit hit record levels last year, as increased production offset lower energy prices. Net income at China’s biggest oil and gas producer climbed 2% to 164.7 billion yuan ($22.7 billion), according to a filing on Sunday.
News
March 20, 2025
EnerMech has appointed Jason Jeow as its new VP for the Asia Pacific region. With decades of extensive experience in the energy and infrastructure sectors, Jeow will confer with regulatory bodies and environmental agencies as well as collaborate with business lines and local leaders.
News
February 21, 2025
CNOOC has commenced production from the Luda 5-2 North Oilfield Phase II Development Project. Located in the central part of the Bohai Sea, the project is expected to achieve a peak production of approximately 6,700 barrels of oil equivalent per day (boed) in 2026.
News
February 18, 2025
Malaysia’s state-owned oil company Petronas (Petroliam Nasional Bhd) is in talks with banks for a potential $1 billion loan to fund a liquefied natural gas (LNG) project, according to people familiar with the matter.
News
February 07, 2025
CNOOC announced that Bozhong 26-6 Oilfield Development Project (Phase I) has commenced production. A total of 33 development wells are planned to be commissioned, with expected peak production of approx. 22,300 boed in 2025.
News
February 05, 2025
McDermott has completed transportation, installation, and commissioning activities for the Kikeh subsea gas lift project in under eight months. The Kikeh field first came on stream in 2009 as one of Malaysia's largest deepwater developments.
