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Petronas on AI-powered quest to streamline Malaysia’s upstream investment playbook

Malaysia’s state-owned oil and gas heavyweight Petronas is using artificial intelligence (AI) to transform the country’s exploration and production investment landscape, helping investors identify and evaluate upstream opportunities faster as it seeks to attract more capital and accelerate projects from discovery to first production. The post Petronas on AI-powered quest to streamline Malaysia’s upstream investment playbook appeared first on Offshore Energy.

$2.1 billion Sea Lion project on track for first oil despite Falklands tensions

Navitas Petroleum, an oil and gas company with exploration and production interests in several regions, is continuing with planned development activities and does not expect the recent political developments over the Falkland Islands to affect the development timetable for its offshore oil project in the North Falkland Basin. The post $2.1 billion Sea Lion project on track for first oil despite Falklands tensions appeared first on Offshore Energy.

BP tasks Baker Hughes with production enhancement across UK North Sea assets

UK-headquartered energy giant BP has hired U.S.-headquartered energy technology giant Baker Hughes to support new well development and production optimization across its North Sea operations on the UK Continental Shelf (UKCS). The post BP tasks Baker Hughes with production enhancement across UK North Sea assets appeared first on Offshore Energy.

MISC explores consortium role in potential Yinson privatization

MISC Group, a member of the Petronas Group of Companies and an owner and operator of offshore floating assets and provider of energy-related maritime solutions and services, is weighing a role in a potential consortium that could take Kuala Lumpur-headquartered Yinson, an energy infrastructure company focused on offshore production, renewables and green technologies, private in a deal that is currently being discussed at an indicative price of RM2.35 ($0.58) a share. The post MISC explores consortium role in potential Yinson privatization appeared first on Offshore Energy.

First US LNG cargo puts Equinor on course to double global portfolio by decade-end

Norwegian state-owned energy giant Equinor is scaling up its liquefied natural gas (LNG) ambitions with its first cargo from the U.S. Gulf Coast under long-term supply agreements with Texas-headquartered Cheniere, as the company works to double its global LNG portfolio by 2030. The post First US LNG cargo puts Equinor on course to double global portfolio by decade-end appeared first on Offshore Energy.

Three-fold resource surge sharpens focus on Tetragon’s gas play offshore Philippines

Asia-focussed oil and gas explorer Tetragon Energy has upgraded the potential of its gas portfolio off the coast of the Philippines, more than tripling the mid-case prospective resource estimate for a key exploration prospect to 8 trillion cubic feet (tcf), a boost that could strengthen the value of the acreage ahead of potential farm-out talks. The post Three-fold resource surge sharpens focus on Tetragon’s gas play offshore Philippines appeared first on Offshore Energy.