TotalEnergies Acquires Stake in Suriname Offshore to Expand Gran Morgu Project
French oil and gas company TotalEnergies has announced the acquisition of a 25% stake in Block 53 on the Surinamese offshore shelf from Spanish company Moeve, Reuters reports. The value of the deal was not disclosed. This transaction strengthens the presence of the French energy giant in one of the …
Eni Has Commenced Natural Gas Production at the Merakes East Field in the Republic of Indonesia
The Italian energy company Eni has announced the commencement of natural gas production at the Merakes East field, located in the Kutai Basin of the Republic of Indonesia. The company made the announcement in an official press release on Tuesday, according to a report by Reuters. This field is part …
ExxonMobil Will Transfer Operations Management to Petronas in Two Production Projects
According to representatives of the companies, this is not a sale, the share and distribution of companies in the project will not change. However, the Malaysian media speaks with reference to sources that Exxonmobil intends to get rid of old shelf assets. The company said that it intends to continue …
Turkmenistan Wants To Attract Foreign Investors To The Exploration And Development Of The Caspian Shelf
Turkmenistan plans to attract foreign companies to the exploration and development of fields on the Caspian Sea shelf, said the country’s ambassador to Russia Esen Aydogdiev. “President Serdar Berdimuhamedov instructed to continue to ensure a reliable supply of natural gas to domestic and foreign consumers. At the same time, emphasis …
Exxon And Petronas Hope To Repeat Guyana’s Success Offshore Suriname
Exxon and Malaysia’s state-owned Petronas will extend exploration of a gas field off the coast of Suriname, the country’s national oil company Staatsolie said. Expecting a repeat of the huge oil and gas success in the same basin offshore Guyana, researchers in Suriname are also reportedly considering a floating LNG …
Malaysia Discovered Very Large Oil and Gas Reserves in 2023
Malaysia’s national oil company Petronas said more than 1 billion boe had been discovered in the country this year through new exploration drilling. Petronas said the new resources resulted from 19 exploration discoveries and two successful exploration and appraisal activities. A total of 25 exploration wells were drilled, which was the …
Petronas and ExxonMobil Discovered an Oil Field Offshore Suriname
Petronas Surinam E&P (a subsidiary of the Malaysian energy giant Petronas), and ExxonMobil Exploration and Production Surinam (a subsidiary of the American ExxonMobil), have explored new oil deposits on the continental shelf of Suriname. This was reported by the Petronas press service. Exploration well Roystonea-1 located in block 52, approximately …
TotalEnergies sold 40% of Block 20 in Angola to Petronas
TotalEnergies EP Angola Block 20 has closed the sale of a 40% stake in Block 20 of the Kwanza Basin (Angola) to Petronas Angola E&P Ltd (PAEPL, controlled by Malaysian Petronas) ahead of the start of development of the asset, the French oil company said. The transaction amount is $400 …
Pertamina and Petronas Close Deal to Buy Shell’s Stake in Indonesian Masela Asset
Indonesia’s Pertamina and Malaysia’s Petronas have closed a deal to acquire Shell’s 35% stake in the Masela natural gas field, which includes the Abadi project, the Indonesian state-owned company reports. Pertamina Hulu Energi Masela received 20% of the project from Shell Upstream Overseas Services Limited, while Petronas Masela received 15%. …
Petronas Sells Its Stake in Iraq’s Garraf Oil Field
Malaysian Petronas has notified the Iraqi side that it wants to sell its stake in the operator’s participation in the Garraf oil field (Garraf) with a capacity of 155 thousand barrels per day. This was reported on July 4 by the information portal Iraq Oil Report. According to the publication: …