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.


McDermott completes Shell project offshore Malaysia

November 27, 2025

Dateline 2025-11-27, Upstream:

McDermott has safely completed the offshore transportation and installation of subsea infrastructure for Shell’s FaS project offshore Malaysia, that comprises the F22, F27 and Selasih fields off the coast of Sarawak, East Malaysia.

Awarded in 2023, McDermott’s pipelay and heavy lift workscope included the transportation and installation of two pipeline segments, one section of flexible pipelay, pre-commissioning services for all infield pipelines, and the structural installation of three jackets and topsides.


PETRONAS overseas expansion is strategic hedge against uncertainty in Sarawak — BMI

November 26, 2025

Dateline 2025-11-26, The Edge Malaysia:

KUALA LUMPUR (Nov 26): The expansion of Petroliam Nasional Bhd’s (PETRONAS) overseas liquefied natural gas (LNG) investment is seen as safeguarding Malaysia’s supply amid its challenges with Sarawak over control of the resource, said BMI, a unit of Fitch Solutions.

“This shift appears driven by ongoing disputes over ownership and operational control. While Malaysian assets remain central to PETRONAS’ operations, its dominant role as regulator and natural gas aggregator in Sarawak is likely to diminish, even if an agreement is reached on rights to the state’s oil and gas reserves,” said the research unit in a note on Wednesday.


McDermott to Build Subsea Pipeline for Malaysia’s Block H Gas Expansion

November 25, 2025

Dateline 2025-09-09, Pipeline & Gas Journal:

(P&GJ) — McDermott has secured an offshore subsea contract from PTTEP Sabah Oil Limited for the Block H gas field expansion offshore Sabah, East Malaysia. The project covers the Alum, Bemban, and Permai deepwater fields.

The scope includes engineering, procurement, construction, and installation (EPCI) of a carbon steel pipeline, as well as subsea umbilicals, risers, and flowlines (SURF). The new infrastructure will deliver additional feed gas to the Petronas Floating Liquefied Natural Gas Dua (PFLNG DUA) facility, which began producing from the Rotan and Buluh fields in 2021.


Sarawak to roll out carbon levy next year

November 24, 2025

Dateline 2025-11-24, New Straits Time:

KUCHING: Sarawak will introduce a carbon levy on the oil and gas and energy sectors starting next year, Premier Tan Sri Abang Johari Openg told the state legislative assembly today.

He said that as Sarawak advances toward net zero emissions by 2050, carbon pricing will become a crucial policy instrument.

“The levy will apply to emissions generated within Sarawak by regulated facilities in the oil and gas and energy sectors.”


MISC adds two LNG dual-fuel Suezmax vessels to its fleet

November 23, 2025

Dateline 2025-11-22, The Edge Malaysia:

KUALA LUMPUR (Nov 22): MISC Bhd’s petroleum and product shipping arm, AET, has inked shipbuilding contracts for two LNG dual-fuel Suezmax vessels, adding to its growing dual-fuel fleet operating worldwide.

The deal marks a “significant step forward” in its energy transition strategy, the international maritime conglomerate said in a press release late on Friday. It did not state the contract value.

The two vessels will operate under long-term time charter party agreements.


PETRONAS ropes in Jefferies for sale of non-core assets

November 22, 2025

Dateline 2025-11-17, The Edge Malaysia:

PETROLIAM Nasional Bhd (Petronas) is understood to be looking to hive off non-core assets, which may include marginal oilfields, sources familiar with the matter tell The Edge.

It is understood that the national oil company has sought the assistance of Jefferies Financial Group Inc to help sell its assets, which are located around the country. “I know Jefferies is running a process for Petronas,” says a source, who spoke on condition of anonymity.


PETRONAS forays into Guyana in South America with Block S4 offshore award

November 21, 2025

Dateline 2025-11-12, The Edge Malaysia:

KUALA LUMPUR (Nov 12): Petroliam Nasional Bhd (Petronas) has forayed into Guyana after securing Block S4, a shallow-water offshore exploration area in the South American nation.

Its wholly owned subsidiary Petronas Energy Guyana Sdn Bhd, together with its consortium partners TotalEnergies EP Guyana Shallow SAS and QatarEnergy, has signed a petroleum agreement with the government of Guyana.

TotalEnergies will operate the block with a 40% stake, while QatarEnergy holds 35% and Petronas 25%, according to a statement on Wednesday. 


T7 Global unit wins oil and gas contract extension from Hibiscus

November 20, 2025

Dateline 2025-07-15, New Straits Time:

KUALA LUMPUR: T7 Global Bhd’s subsidiary Tanjung Offshore Services Sdn Bhd has secured a contract extension from Hibiscus Oil & Gas Malaysia Ltd to continue providing maintenance, construction and modification (MCM) services for the PM3-CAA project.

In a filing with Bursa Malaysia, T7 Global said the contract extension is for a six-month period, commencing from June 19 until Dec 18, 2025.


Vantris Energy Appoints Industry Veteran Rohaizad As Executive Director

November 19, 2025

Dateline 2025-11-17, Business Today:

Vantris Energy Berhad has appointed Rohaizad bin Darus, a seasoned industry leader with more than three decades of experience in the global oil and gas sector, as its Non-Independent, Non-Executive Director, effective 17 November 2025.

Rohaizad, 60, previously served as President and Executive Director of Velesto Energy Berhad before retiring. Velesto is one of Malaysia’s largest offshore drilling and oilfield services companies and a major contractor to Petronas and other national and international oil companies.