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Category: Malaysia

  • MISC lifts Hudong-Zhonghua LNG series

    MISC lifts Hudong-Zhonghua LNG series Malaysia’s MISC has increased its LNG newbuilding programme in China to five vessels after signing for two additional carriers at Hudong-Zhonghua Shipbuilding. The latest order covers a pair of 174,000 cu m newbuilds, which will be chartered to Malaysia’s national oil company Petronas under a 20-year contract. The long-term charter…

  • Orkim secures MR2 charter with Petronas trading unit

    Orkim secures MR2 charter with Petronas trading unit Malaysian tanker owner and operator Orkim has entered into a time charter contract for one of its vessels with Petronas’ trading arm, PETCO Trading Labuan Company. Under the contract, the charter period is for six months commencing from the end of February 2026, with an option to…

  • ‘First-ever’ remote operated landing crafts to be built in Malaysia

    ‘First-ever’ remote operated landing crafts to be built in Malaysia Malaysia-headquartered offshore support vessel (OSV) provider Nam Cheong has been awarded shipbuilding contracts, valued […] The post ‘First-ever’ remote operated landing crafts to be built in Malaysia appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz

  • Petronas enlarges oil & gas portfolio with block offshore Oman

    Petronas enlarges oil & gas portfolio with block offshore Oman PC Oman Ventures Ltd (PCOVL), a wholly-owned subsidiary of Malaysia’s state-owned oil and gas heavyweight Petronas, has signed up for oil and gas exploration in a block off the coast of the Sultanate of Oman through a deal with the country’s government and OQ Exploration…

  • MISC wins contract to supply first-ever Papua New Guinea FSO

    MISC wins contract to supply first-ever Papua New Guinea FSO Malaysia’s MISC has secured a bareboat charter deal with ExxonMobil to supply Papua New Guinea’s first offshore floating storage and offloading (FSO) unit. The 15-year firm contract carries an option for ExxonMobil’s Papua New Guinea arm to extend another 15 years. Operations will kick off…

  • Malaysia briefly detains two tankers off Penang

    Malaysia briefly detains two tankers off Penang Two tankers were briefly detained off Penang last week after Malaysian authorities intercepted what they say was an illegal ship‑to‑ship (STS) transfer of crude in waters long notorious as a hotspot for shadow fleet activity. The Malaysian Maritime Enforcement Agency (MMEA) said a patrol vessel found two tankers…

  • Exclusive interview: Velesto sets its sights on Malaysia and Southeast Asia gas drilling plays

    Exclusive interview: Velesto sets its sights on Malaysia and Southeast Asia gas drilling plays As global energy security concerns keep the demand for oil and gas alive, Malaysia’s Velesto Energy, owner of premium jack-up rigs and hydraulic work-over units, has dived into its expectations for 2026, highlighting its belief that the jack-up rig market will…

  • Three Seadrill rigs line up jobs in Malaysia, Norway, and Brazil

    Three Seadrill rigs line up jobs in Malaysia, Norway, and Brazil Seadrill, an offshore drilling contractor, has secured work assignments for a drillship and a jack-up rig off the coasts of Malaysia and Norway, alongside a contract extension for another drillship deployed in Brazilian waters. The post Three Seadrill rigs line up jobs in Malaysia, Norway,…

  • TGS hangs out its shingle at new imaging center to serve projects in Asia-Pacific

    TGS hangs out its shingle at new imaging center to serve projects in Asia-Pacific Norwegian energy data and intelligence company TGS has set up a new imaging center in Malaysia to render support for multi-client projects throughout the Asia-Pacific region.  The post TGS hangs out its shingle at new imaging center to serve projects in…

  • New anti-corruption campaign rolls out across Asian and European hubs

    New anti-corruption campaign rolls out across Asian and European hubs The Maritime Anti-Corruption Network (MACN) has launched a three-year initiative aimed at tightening integrity standards across maritime supply chains in Indonesia, Malaysia and Germany. The programme—“Transparent Trade Routes: Strengthening Integrity in Maritime Supply Chains”—is backed by funding from the Siemens Integrity Initiative. MACN said the…

  • McDermott crosses the finish line for subsea gig at Shell’s gas project

    McDermott crosses the finish line for subsea gig at Shell’s gas project U.S. offshore engineering and construction player McDermott has put the finishing touches on an assignment, encompassing multiple natural gas fields, which Sarawak Shell, a subsidiary of the UK-headquartered energy giant Shell, operates off the coast of Malaysia. The post McDermott crosses the finish…

  • AET orders pair of suezmaxes

    AET orders pair of suezmaxes MISC’s tanker subsidiary AET has contracted for two LNG dual-fuel suezmax vessels at an unspecified yard.  With this order, MISC, Malaysia’s largest shipping firm, will have dual-fuel capability in all the tanker sectors it operates in – aframaxes, shuttle tankers, suezmaxes and VLCCs. “This milestone reinforces MISC Group’s commitment to…

  • AET expands dual-fuel fleet with suezmax pair at Samsung Heavy

    AET expands dual-fuel fleet with suezmax pair at Samsung Heavy AET has placed an order at Samsung Heavy Industries (SHI) for two LNG dual-fuel suezmax tankers, further expanding its fleet of lower-emission vessels. The Singapore-based tanker arm of Malaysia’s top shipping line, MISC, said the latest deal marks a key step in its push to…

  • OneSubsea equipment to prolong life of two deepwater projects off Malaysia

    OneSubsea equipment to prolong life of two deepwater projects off Malaysia OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, has secured two […] The post OneSubsea equipment to prolong life of two deepwater projects off Malaysia appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz

  • ‘Large’ subsea contract lands on McDermott’s desk for gas field expansion in Malaysia

    ‘Large’ subsea contract lands on McDermott’s desk for gas field expansion in Malaysia U.S. offshore engineering and construction player McDermott has secured an offshore subsea contract with […] The post ‘Large’ subsea contract lands on McDermott’s desk for gas field expansion in Malaysia appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz

  • Nam Cheong pulls plug on Japan OSV contract

    Nam Cheong pulls plug on Japan OSV contract Malaysia’s Nam Cheong has terminated a charter deal for one of its offshore support vessels with an offshore wind farm contractor in Japan after the charterer failed to meet its obligations. The Singapore-listed company said the contract collapsed following the cancellation of the charterer’s downstream agreement with…

  • With one 271-day job done, Singaporean player’s rig preps for new Gulf of Thailand campaign

    With one 271-day job done, Singaporean player’s rig preps for new Gulf of Thailand campaign Energy Drilling has completed a drilling campaign in the Gulf of Thailand undertaken on behalf of Carigali-PTTEPI Operating Company (CPOC). The post With one 271-day job done, Singaporean player’s rig preps for new Gulf of Thailand campaign appeared first on…

  • Name change marks new phase in Malaysian firm’s restructuring efforts

    Name change marks new phase in Malaysian firm’s restructuring efforts Malaysian oil and gas services provider formerly known as Sapura Energy has rebranded, marking the start of a strategic transformation aimed at restoring financial and operational strength. The post Name change marks new phase in Malaysian firm’s restructuring efforts appeared first on Offshore Energy. Dragana…

  • Sapura Energy rebrands as Vantris Energy

    Sapura Energy rebrands as Vantris Energy Malaysian offshore services company Sapura Energy has now officially changed its name to Vantris Energy, following a shareholder vote. The name change came into effect on August 1. The rebranding is part of the company’s wider regularisation plan aimed at stabilising its financial footing and resetting its corporate direction.…

  • Malaysia cracks down on illegal ship-to-ship transfers

    Malaysia cracks down on illegal ship-to-ship transfers Malaysia has introduced new regulations to combat illegal ship-to-ship (STS) oil transfers in its territorial waters, a move that could disrupt operations of the so-called shadow tanker fleet moving sanctioned oil to China. Under the new rules, vessels caught conducting unauthorised STS operations will face immediate detention, with…

  • Tanjung Offshore seals Hibiscus extension

    Tanjung Offshore seals Hibiscus extension Malaysia’s Tanjung Offshore has bagged a contract extension from Hibiscus Oil & Gas for maintenance, construction and modification services on the PM3-CAA oilfield. Under the agreement, the offshore services player of T7 Global will stay on the job until mid-December this year, following the initial fixture in December 2024. Financial…

  • Perdana Petroleum wins anchor handler work

    Perdana Petroleum wins anchor handler work Malaysian offshore marine support services firm Perdana Petroleum has won a new contract for the charter of an anchor handling tug and supply (AHTS) vessel. The contract was awarded to its wholly owned subsidiary, Perdana Nautika, and will last for 120 days. The identity of the client was left…

  • MOL, Petronas, and MISC launch liquefied CO2 shipping venture

    MOL, Petronas, and MISC launch liquefied CO2 shipping venture Japanese shipping giant Mitsui OSK Lines (MOL), Malaysian state energy firm Petronas and the country’s top shipping line, MISC, have launched a joint venture to build and operate liquefied carbon dioxide (LCO2) carriers. The JV called Jules Nautica will aim to become a leading owner of…

  • Bumi Armada JV nets three-year FPSO charter in India

    Bumi Armada JV nets three-year FPSO charter in India Malaysian oilfield services company Bumi Armada and its joint venture partner Shapoorji Pallonji Energy (SP Energy) have won a contract from ONGC for the bareboat charter of the Armada Sterling II FPSO. The vessel will continue operating on ONGC’s Cluster 7 field about 210km off the…

  • Tight budgets and shrinking pool of oil & gas prospects reshape search for more hydrocarbons

    Tight budgets and shrinking pool of oil & gas prospects reshape search for more hydrocarbons Global oil and gas operators are prioritizing low-risk, low-cost near field or infrastructure-led exploration (ILX) prospects as budgets tighten, rather than the more expensive high-risk hydrocarbon exploration plays. The post Tight budgets and shrinking pool of oil & gas prospects…

  • Petronas kicking off LNG exports to Vietnam next month

    Petronas kicking off LNG exports to Vietnam next month PV Gas, a subsidiary of Vietnam Oil and Gas Group (Petrovietnam), and Malaysia’s state-owned energy player Petronas have expanded their liquefied natural gas (LNG) collaboration. The post Petronas kicking off LNG exports to Vietnam next month appeared first on Offshore Energy. Dragana Nikše Go to offshore…

  • Sapura Energy lands $723m in new contracts

    Sapura Energy lands $723m in new contracts Malaysian offshore services player Sapura Energy has won multiple contracts worth RM3.2bn ($723m) for its drilling business. The company said in a filing with Bursa Malaysia that Sapura Drilling had won two contracts from PTTEP for the barge-type tender assist drilling rigs, Sapura T-17 and Sapura T-18. The…

  • McDermott completes east Malaysia deepwater project ahead of schedule

    McDermott completes east Malaysia deepwater project ahead of schedule U.S.-headquartered offshore engineering and construction player McDermott has completed offshore installation and commissioning activities […] The post McDermott completes east Malaysia deepwater project ahead of schedule appeared first on Offshore Energy. Zerina Maksumic Go to offshore energy biz

  • SBM Offshore and MISC wrap up FPSO stake swap

    SBM Offshore and MISC wrap up FPSO stake swap The Netherlands’ SBM Offshore has completed the exchange of interests in two FPSO vessels with Malaysia’s MISC Berhad (MISC). The post SBM Offshore and MISC wrap up FPSO stake swap appeared first on Offshore Energy. Dragana Nikše Go to offshore energy biz

  • Tanjung Offshore wins Carigali Hess contract

    Tanjung Offshore wins Carigali Hess contract Malaysian offshore services player Tanjung Offshore, part of T7 Global, has secured a long-term contract from Carigali Hess to carry out maintenance, construction and modification works offshore Malaysia. The contract, which kicks in on January 15, has a term of three years, with an option to extend for another…

  • EnQuest gets nod to boost gas production at field offshore Malaysia

    EnQuest gets nod to boost gas production at field offshore Malaysia EnQuest Petroleum Production Malaysia, a subsidiary of London Stock Exchange-listed energy player EnQuest, and its partners in a production sharing contract (PSC) offshore Malaysia have signed a letter of agreement with Petronas enabling them to develop additional gas resources at a field within the…

  • TotalEnergies takes over gas assets offshore Malaysia

    TotalEnergies takes over gas assets offshore Malaysia TotalEnergies has expanded its gas portfolio with more assets off the coast of Malaysia by wrapping up the acquisition of stakes OMV and Sapura Upstream held in SapuraOMV Upstream Assets, a Malaysian independent gas producer and operator. The post TotalEnergies takes over gas assets offshore Malaysia appeared first…

  • Inpex farming into Seascape’s exploration block offshore Malaysia

    Inpex farming into Seascape’s exploration block offshore Malaysia Japan’s energy company Inpex Corporation has inked a share sale and purchase agreement (SSPA) with Seascape Energy, a Southeast Asia-focused E&P player, to acquire a participating interest in a production sharing contract (PSC) off the coast of Sarawak, Malaysia from the latter’s subsidiary. The post Inpex farming…

  • First of five planned production wells comes online offshore Malaysia

    First of five planned production wells comes online offshore Malaysia Hibiscus Petroleum, a Malaysian independent oil and gas exploration and production company, has achieved the first oil from the first well in its multi-well program at a field off the coast of Malaysia. The post First of five planned production wells comes online offshore Malaysia appeared…

  • Velesto, Petronas, and NOV pursuing rig automation and stepping up drilling game with robotics

    Velesto, Petronas, and NOV pursuing rig automation and stepping up drilling game with robotics Velesto has joined forces with Petronas and NOV to enhance drilling operations by bringing robotics into play and boosting its jack-up fleet with a rig automation system. The post Velesto, Petronas, and NOV pursuing rig automation and stepping up drilling game…

  • MISC and Bumi Armada weigh up offshore merger 

    MISC and Bumi Armada weigh up offshore merger  Malaysia’s top shipping line, MISC, has moved to combine its offshore business with fellow floating production storage and offloading (FPSO) vessel specialist Bumi Armada.  The two companies have entered into a non-binding memorandum of understanding to explore a prospective share-based merger, following market talk of a potential…