PTTEP to invest $33 billion on new and existing projects

December 8, 2025

Dateline 2025-12-06, Upstream:

Thailand’s national upstream company PTTEP is looking to invest more than $33 billion over the next five years, a plan based on three main strategies: Driving value, decarbonisation and diversification.

PTTEP said these strategies aim to drive and enhance the value of its core E&P business, while working toward the goal of achieving net-zero greenhouse gas emissions by 2050.


ENEOS secures 50-year tenure at Malaysian block with new contract extension

December 7, 2025

Dateline 2025-06-20, Offshore Energy:

The 10-year extension will enable ENEOS and its partners to remain at block SK10 from 2028 to 2038. The PSC was awarded to ENEOS Xplora Malaysia and PETRONAS Carigali back in 1987, with the former being the operator. 

Following the discovery of the Helang field in 1990, the first production started in 2003. Since then, Xplora Malaysia has steadily enhanced output through a series of development activities, which led to gas production from the Layang and Beryl fields in 2017 and 2018, respectively. 


DOSM: Crude oil, condensate and natural gas output rise 7.9% and 11.8% in 3Q2025

December 6, 2025

Dateline 2025-12-03, The Edge Malaysia:

KUALA LUMPUR (Dec 3): Malaysia’s crude oil, condensate and natural gas production rose in the third quarter of 2025 (3Q2025), reaching 45.1 million barrels and 737.0 billion cubic feet respectively, according to the Department of Statistics Malaysia (DOSM).

Chief statistician Datuk Seri Mohd Uzir Mahidin attributed the increase to a 7.0% rise in crude oil output in 3Q2025, following four consecutive quarters of decline, compared with a 2.2% drop in the previous quarter.


PETRONAS makes Guyana debut, TotalEnergies operates

December 5, 2025

Dateline 2025-12-12, Upstream:

Malaysian energy giant Petronas has made its maiden foray into global upstream hotspot Guyana, securing a 25% partnership interest in the newly awarded offshore Block S4 — TotalEnergies’ first operated asset in the South American nation.

Operator French supermajor TotalEnergies and co-venturers QatarEnergy and Petronas on Tuesday signed a production sharing agreement (PSA) for Block S4 with Guyana’s Ministry of National Resources.


Wisma Putra confirms two gas explorations in Beting Patinggi Ali, no objections from China

December 4, 2025

Dateline 2025-02-26, The Star:

KUALA LUMPUR: Malaysia has two ongoing oil and gas projects in its South China Sea exclusive economic zone near Beting Patinggi Ali, says Wisma Putra, denying claims there were objections from China.

Deputy Foreign Minister Datuk Mohamad Alamin said Petronas’s Kasawari and Shell’s Timi gas development projects are located in the area near Sarawak.


Johor debuts three-island Maharani Freeport as new energy and maritime free zone

December 3, 2025

Dateline 2025-11-29, The Edge Malaysia:

MUAR (Nov 29): Johor launched on Saturday the 3,200-acre Maharani Freeport in Muar as a three-island deep-water free zone, designed to serve regional oil and gas activities along the Strait of Malacca.

Located within the Muar port limits, the private-sector initiative spans across three purpose-built reclaimed islands and a mainland plot housing an energy hub, deep seaport, industrial park and financial hub, said developer Maharani Energy Gateway Sdn Bhd (MEG).


Petron Malaysia temporarily halts Port Dickson refinery after offshore jetty partly collapses during tropical storm Senyar

December 2, 2025

Dateline 2025-12-01, The Edge Malaysia:

KUALA LUMPUR (Dec 12): Petron Malaysia Refining & Marketing Bhd said its Port Dickson Refinery’s product jetty was damaged and partially collapsed during tropical storm Senyar last Friday (Nov 28), prompting a temporary halt in refinery operations.

The refinery’s jetty, located offshore at Port Dickson, is used to receive and discharge refined products between the refinery and tanker vessels.


New program fortifies safety readiness across Malaysia’s oil & gas contractor and vendor sphere

December 1, 2025

Dateline 2025-11-28, Offshore Engineer:

Malaysia’s Velesto Energy has joined forces with the Department of Occupational Safety and Health (DOSH) to bring a new project into play as a structured framework aimed to strengthen safety readiness across the oil and gas industry’s contractor and vendor ecosystem.

The duo has launched the OSH-SURE pilot project, which evolved from Self-OSHWA since 2018, promoting safety standards and contractor readiness. As part of the ceremony, DOSH recognized Velesto’s contribution to the OSHWA self-assessment manual and accredited the Malaysian firm as an OSH‑Coordinator training center.


Sabah takes 20% stake in oil fields off Kota Belud

November 30, 2025

Dateline 2025-11-29, Free Malaysia Today:

PETALING JAYA: Sabah is poised to secure a bigger share in oil and gas resources after a state-owned company acquired a 20% non-operating participating interest in an agreement with Petronas, chief minister Hajiji Noor said.

State-owned SMJ Energy acquired the interest in the North Sabah enhanced oil recovery production sharing contract for the exploration and production of oil from offshore fields in Sabah.


Hibiscus Petroleum eyes O&G expansion in New Zealand

November 28, 2025

Dateline 2025-11-26, The Stars:

KUALA LUMPUR: Hibiscus Petroleum Bhd has set its sights on expanding its oil and gas (O&G) business in New Zealand, while remaining committed to the Southeast Asian market.

Its managing director Datuk Dr Kenneth Pereira said New Zealand has reopened its offshore exploration market after reversing its 2018 ban on new offshore exploration in September this year.