EnQuest announces Q4 operations update

December 18, 2025

Dateline 2025-12-17, Energy-pedia:

EnQuest Chief Executive, Amjad Bseisu, commented:

EnQuest continues to demonstrate operational excellence across our portfolio, both in the UK North Sea and South East Asia, and we expect to again deliver against all 2025 guidance targets.

We are pleased to announce that delivery of gas on our Seligi 1b project in Malaysia was achieved in December, nine months ahead of schedule, with full production expected in January 2026. This accelerated delivery underlines EnQuest’s commitment to investing in quick payback projects in lower-cost jurisdictions, with the added benefit that the Production Sharing Contract mechanisms across our South East Asia business provide natural protection against lower commodity prices.


Velesto Energy to sell Naga 3 jack-up drilling rig for RM258.4m, expects RM17.1m gain

December 17, 2025

Dateline 2025-12-16, The Edge Malaysia:

KUALA LUMPUR (Dec 16): Oil and gas services provider Velesto Energy Bhd is selling its jack-up drilling rig, Naga 3, for a total cash consideration of US$63.0 million (RM258.4 million) as part of a fleet optimisation exercise.

Velesto said the proposed disposal is expected to result in a pro forma gain of RM17.1 million, after accounting for estimated expenses, contingencies and tax.


TotalEnergies forges new partnership with PTTEP

December 16, 2025

Dateline 2025-12-16, Upstream:

French supermajor TotalEnergies has struck another partnership in Malaysia following completion of its acquisition of SapuraOMV last December and the purchase of multiple assets from Petronas Carigali in June this year.

TotalEnergies and PTTEP on Tuesday confirmed they had closed a deal for the French operator to divest a 9.998% indirect interest in its producing Block SK 408 offshore Sarawak, East Malaysia, to the Thai upstream player.


Sabah’s first scheduled waste facility

December 15, 2025

Dateline 2025-12-14, Daily Express:

SIPITANG: Sabah’s first scheduled waste management facility, involving an investment exceeding RM1 billion, started construction at the Sabah Oil and Gas Industrial Park (SOGIP), here, Saturday.

Deputy Chief Minister III cum Industrial Development, Entrepreneurship and Transportation Minister Datuk Ewon Benedick officiated the groundbreaking ceremony for the facility, which is being developed by E-Concern (Borneo) Sdn Bhd.


Oil and gas sector faces shifting landscape amid political and structural pressures

December 14, 2025

Dateline 2025-12-09, New Straits Times:

KUALA LUMPUR: Malaysia is entering 2026 with its oil and gas sector still standing firm, but the ground beneath it is shifting faster than at any point in decades.

What was once a stable operating environment is now being reshaped by domestic political pressures and global structural changes. Sabah’s renewed push for its constitutional revenue rights and Sarawak’s accelerating bid for greater control over natural gas are redefining the federal–state balance in ways that could transform national energy governance.


Woodside Inks 15-Year LNG Supply Deal with PETRONAS

December 13, 2025

Dateline 2025-09-10, Offshore Engineer:

Woodside Energy has signed a sale and purchase agreement (SPA) with Petronas for the supply of 1 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) to Malaysia from 2028 for a period of 15 years.

The milestone marks the successful conversion of the non-binding Heads of Agreement (HOA) signed in June 2025 into a binding commitment.


MISC wins PETRONAS contract to supply floating production unit for Brunei project

December 12, 2025

Dateline 2025-12-08, The Edge Malaysia:

KUALA LUMPUR (Dec 8): MISC Bhd has secured a contract from PETRONAS Carigali Brunei Ltd to lease, operate and maintain a floating production unit for a natural gas project in Brunei.

In a filing with the bourse, MISC said the mobile offshore platform is expected to begin operations in the first half of 2029. PETRONAS is a major shareholder of MISC and the holding company for PETRONAS Carigali Brunei.


PSP eyes Melaka bunkering hub post-listing

December 11, 2025

Dateline 2025-12-04, The Borneo Post:

KUALA LUMPUR (Dec 4): PSP Energy Bhd is expanding its presence along key maritime routes with a new bunkering hub at Tanjung Bruas Port in Melaka following its listing on the ACE Market of Bursa Malaysia on Thursday.

The fuel and lubricant trader and distributor’s stock opened unchanged at 16 sen. It last traded at 15.5 sen, down 3.13 per cent from its initial public offering price.


Housing minister: 18 families return to new homes after Putra Heights gas blast

December 10, 2025

Dateline 2025-12-04, Malay Mail:

SUBANG JAYA, Dec 4 — Eighteen families affected by the gas pipeline fire in Putra Heights on April 1 can finally breathe a sigh of relief as their homes in Kampung Kuala Sungai Baru have now been repaired and rebuilt.

Housing and Local Government Minister Nga Kor Ming said the rehabilitation project, undertaken by Syarikat Perumahan Negara Berhad (SPNB), involved an allocation of RM4.85 million from the National Housing Disaster Trust Fund.


PETRONAS and SK Earthon bolster Indonesian presence with oil block wins

December 9, 2025

Dateline 2025-05-22, Offshore Energy:

The Serpang and Binaiya blocks were secured through a competitive bidding process in the second round of the Indonesia Petroleum Bid Round 2024, organized by the Indonesian government. 

Situated in what is described as one of Indonesia’s most promising hydrocarbon regions offshore in northeast Java, the Serpang block covers around 8,498 square kilometers. Petronas is the operator with a 51% stake, INPEX holds a 35% interest, and SK Earthon a 14% stake in the block.