Sapura Energy to Provide Subsea Services for Shell Off Malaysia
services firm Sapura Energy, through its wholly-owned subsidiary Sapura Subsea Services, has secured a contract to provide subsea services for Shell’s Malaysian subsidiaries Sarawak Shell Berhad and Sabah Shell Petroleum.The contract for the provision of pan-Malaysia underwater services for Petronas group of companies and Petroleum Arrangement Contractors, whose value was not disclosed, takes effect from January 31, 2024 for a period of five years.The scope of work comprises of the provision of diving support vessel, air and saturation diving systems, remotely operated vehicle (ROV) and other
Survey to Assess CCS and New Oil & Gas Opportunities Gets Underway Off Malaysia
.The project aims to provide insights on the exploration opportunities in a broader play fairway and to assess the carbon storage potential across Penyu Basin area.It is being conducted in partnership with Malaysia Petroleum Management (MPM), which acts for and on behalf of state-owned energy giant Petronas in the overall management of Malaysia's petroleum resources.The acquisition of the new seismic data will enable clients to effectively conduct evaluation on the exploration and carbon storage potential for the upcoming Malaysia Bid Round.“The Penyu Basin is one of Southeast Asia&rsquo
Petronas and JERA Team Up on Japan-Malaysia CCS Scheme
Malaysia’s state-owned energy company Petronas and Japan’s largest power generation company JERA have signed a joint study agreement to evaluate the feasibility of the entire carbon capture and storage (CCS) value chain between Japan and Malaysia.The study will cover separation and capture of carbon dioxide (CO2) emitted by JERA in Japan, cross-border transportation, and CO2 storage in Malaysia.The agreement will strengthen the collaboration and contribute towards building a global network for cross-border CO2 transport and storage, according to the companies.It also represents a notable
Fugro Gets Marine Survey Job at Indonesia’s LNG and CCS Scheme
approach.“With our expertise and solutions, we will be able to contribute to energy security in the region,” said Mark Heine, CEO of Fugro.The Abadi LNG project is based on an onshore LNG development scheme that INPEX is developing in partnership with PT Pertamina Hulu Energi Masela and PETRONAS Masela in Masela block.The project’s annual LNG production is expected to reach 9.5 million tons, equivalent to over 10 percent of Japan’s current annual LNG imports.As a result, the project will have a meaningful contribution to improving energy security in Indonesia, Japan and other
The APAC Offshore Market: Riding the Wave of Success into 2024 and Beyond
expects E&P vessel spending to grow by 17% this year, towards $2.2 billion. In Australia, this figure is set to surge by 62% to $184 million. This wider trend is in alignment with the strategy plans announced by the various NOCs in the region, as new projects offer strong economic fundamentals. Petronas and ONGC have declared their continued focus on domestic exploration, while PTTEP has allocated $6.7 billion for E&P activities in 2024.Demand for OSVsThe APAC region is poised to see an increase in activities this year. Current market developments suggest that OSV demand in Asia will peak in
McDermott Scoops Contract for CCS Project Offshore Malaysia
."Set to become one of the largest offshore CCS projects in the world, the Kasawari CCS award showcases the valuable role we have in supporting our clients through the energy transition," said Mahesh Swaminathan, McDermott's Senior Vice President, Subsea and Floating Facilities.Operated by PETRONAS Carigali, the Kasawari CCS project is expected to reduce carbon dioxide volume emitted via flaring by 3.3 MtCO2e per year.Petra Energy Wins HUC Deal for World's Largest Offshore CCS ProjectBaker Hughes' Equipment for 'World's Largest' Offshore CCS ProjectMalaysia's Petronas
Sabah Basin Multi-Client Seismic Project Secures Prefunding
.The seventh phase of this multi-year project off the coast of Sabah encompasses over 5,000 kilometers of new 2D seismic data acquisition, over 2,600 kilometers of legacy seismic data processing, and 2,800 square kilometers of 2D-cubed processing as part of a multi-year contract originally awarded by PETRONAS in 2016.“High-quality 2D seismic data across Sabah will be instrumental in promoting future bid rounds. It also allows E&P companies to further assess exploration opportunities in an under-explored proven petroleum system surrounded by prolific hydrocarbon provinces,” Kristian Johansen
CCS, Hydrogen Challenges a Focus at SPE Offshore Europe 2023
to help the industry as it transitions towards net zero. The theme of the conference at this year’s 50th anniversary OE23, which will be held at P&J Live, Aberdeen from 5-8 September 2023, is: ‘Securing sustainable and equitable energy for the next 50 years and beyond.’A paper by Petronas will discuss the possibility of repurposing existing hydrocarbon pipelines for CO2 transportation. EBN B.V. will set out how project design and operational philosophy hurdles were tackled on two large-scale CCS projects in the Netherlands.Another paper by EBN B.V. will analyse the storing of
PXGEO Awarded 3D OBN Project in Brazil
and efficient deep water OBN acquisition solutions in Brazil.”Located around 250 kilometers off the coast of Rio de Janeiro, the Sépia Co-participated Area is operated by Petrobras, with a stake of 51.9%. TotalEnergies holds 19.2% net interest, alongside QatarEnergy (14.4%) and Petronas (14.4%)
February 2024
