Wata – Malaysian Oil and Gas Engineer

Dateline 2025-06-19, Offshore Engineer:

Idemitsu Kosan Co has acquired interests in two oil and gas blocks located off the coast of Sarawak in Malaysia from South Korean SK earthon, and signed production sharing contracts (PSC) for the developments.

The acquired interests are for the Block SK427, awarded under Malaysia Bid Round (MBR) 2021, and the Ketapu Cluster, awarded under MBR Plus Round I.

Idemitsu acquired 40% stake, and as a result, the company secured the right to explore, develop, and produce oil and natural gas in the blocks proportionate to its participating interests.

The PSC for the blocks was signed with Petroliam Nasional Berhad (PETRONAS), a national oil company in Malaysia, Petroleum Sarawak Exploration and Production, a subsidiary of Petroleum Sarawak Berhad (PETROS), a state-owned oil and gas company in Sarawak PSEP,  and SK earthon.

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Dateline 2025-08-13, The Edge Malaysia:

(Aug 12): Petroliam Nasional Bhd (Petronas) is seeking to expand its liquefied natural gas (LNG) exports to growing Asian markets, while also supporting Malaysia’s rising energy needs, which are partly driven by a data-centre boom.

The state-owned company’s diversified portfolio — which includes a newly operational export plant in Canada — will enable it to meet overseas demand for gas, said Adif Zulkifli, chief executive officer of Petronas’ gas and maritime business.

The firm plans to expand beyond its traditional markets — Japan, China and South Korea — to countries in Southeast Asia, including Vietnam and the Philippines, he said in an interview.

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Dateline 2025-08-11, The Edge Malaysia:

KUALA LUMPUR (Aug 11): Petroliam Nasional Bhd (Petronas) is very keen to expand its presence in Canada as the country is now one of its major liquefied natural gas (LNG) suppliers, said executive vice-president and chief executive officer of upstream business Mohd Jukris Abdul Wahab.

He said that Petronas had about 50 trillion cubic feet (TCF) of gas in Canada and the current LNG Canada project is only in Phase 1, hence the energy company has embarked on a series of LNG projects backed by this resource portfolio. 

“With 50 TCF, we can support several more LNG projects as the resource size is not the issue here,” he told an editors’ briefing on Monday.

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Dateline 2025-08-12, The Edge Malaysia:

KUALA LUMPUR (Aug 12): Petroliam Nasional Bhd (Petronas) will remain the entity responsible for developing Sabah’s oil and gas (O&G) industry, said Minister in the Prime Minister’s Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said.

She noted that under the Petroleum Development Act 1974, the national oil company is tasked with developing the country’s O&G industry.

“Nevertheless, Petronas remains committed to progressively and structurally strengthening Sabah’s participation, based on the principles of technical feasibility and sustainable commercial terms,” Azalina said in a written parliamentary reply on Monday.

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Dateline 2025-08-06, Jesselton Times:

KOTA KINABALU: The divergent paths taken by Sarawak and Sabah in managing their oil and gas resources are not merely strategic choices made in isolation, but rather logical outcomes rooted in decades of distinct historical experiences, industrial development patterns, and accumulated human capital.

Understanding these historical foundations reveals why Sabah’s collaborative approach with PETRONAS is not only pragmatic but necessary and why attempting to replicate Sarawak’s autonomous model would be both unrealistic and potentially counterproductive.

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Dateline 2025-08-04, Offshore Energy:

Malaysian oil and gas services provider formerly known as Sapura Energy has a new name, marking the start of a strategic transformation aimed at restoring financial and operational strength.

As of August 1, 2025, the company is known as Vantris Energy. This follows shareholder approval obtained at an extraordinary general meeting held on July 30, 2025. As explained, the new name reflects the Group’s renewed purpose and identity.

“The idea for the name came from our own people – we receive over 200 submissions and Vantris Energy emerged as the top choice,” noted Vantris Energy Group Chief Executive Officer Muhammad Zamri Jusoh. “It marks a new chapter for our Company, honours our journey, and represents the trust we aim to rebuild with stakeholders.”

As explained, the “van” part comes from “vanguard,” or being at the forefront and moving forward with purpose. Next, “tri” symbolizes the company’s commitment to its three core values, three principles, and three business pillars. Finally, the “s” encapsulates its brand promise: “Solutions Delivered Safely”.

Dateline 2025-08-11, The Edge Malaysia:

KUALA LUMPUR (Aug 11): Malaysia remains an attractive destination for oil and gas investment, with the governing body managing Malaysia’s upstream oil and gas assets, Petronas’ Malaysia Petroleum Management (MPM), opening several promising basins in the country.

Petronas upstream business executive vice-president and chief executive officer Mohd Jukris Abdul Wahab said promoting basins in Sabah, Sarawak and Langkasuka on the western side of Peninsular Malaysia will continue due to interest from industry players.

“We have attracted major players such as BP and integrated energy company Eni. Eni, in particular, is keen to test geological plays in Malaysia. So exploration activities in Malaysia remain vibrant with many areas yet to be explored,” he said in a briefing for editors on Monday.

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Dateline 2025-08-04, Business Times:

Talks on gas resource rights between Petroliam Nasional Bhd and Petroleum Sarawak Bhd (Petros) should be conducted meticulously, former economy minister Rafizi Ramli said.

Rafizi said any oversight in the negotiations could have serious repercussions on the overall economy.

He said if Sarawak’s claims to gas resources are accepted without considering the existing overall financial structure, Petronas risks losing between RM15 billion and RM20 billion annually.

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Dateline 2025-07-31, SPGlobal:

Malaysia’s Dialog Group Berhad has announced a $330 million expansion of its deepwater terminal in Pengerang, Johor, to provide dedicated storage and handling infrastructure for sustainable aviation fuel and other renewable fuels, marking a significant step in the country’s energy transition strategy.

The investment announced by company in a statement July 30 will be undertaken through Dialog’s 25%-owned joint venture Pengerang Terminals, which signed a 25-year take-or-pay terminal usage agreement with Pengerang Biorefinery.

The project will add about 272,000 cu m of new storage capacity and is slated for completion in the first half of 2028. It will be funded through a mix of internal resources and external financing.

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