KUALA LUMPUR (May 9): Hong Kong-based Ocean Wind International Industrial Ltd claimed that a confirmed second round of exploratory talks with senior executives of Petroliam Nasional Bhd (Petronas) will be held next month (June 2021) after a positive and fruitful meeting last month (April 2021) during which both parties discussed Petronas future renewable energy production transition plans.
Ocean Wind is thought to be keen on leveraging Petronas experience with offshore fossil fuel production, citing Petronas deepwater floating platform expertise as being highly compatible with that of Ocean Wind s floating wind power turbines, according to Ocean Wind s statement on Thursday (May 6). The company s (Ocean Wind) Poseidon turbine and platform pairing are capable of withstanding the inhospitable ocean environment in waters up to 800 metres deep, but the firm believes that Petronas experience could help to increase that to over 1km, Ocean Wind said.
Home / Shipping News / International Shipping News / Petronas LNG inks 20-year contract to lease LNG carriers to Hyundai LNG Shipping, largest deal ever in South Korea report
Petronas LNG inks 20-year contract to lease LNG carriers to Hyundai LNG Shipping, largest deal ever in South Korea report
Petroliam Nasional Bhd’s (Petronas) subsidiary Petronas LNG has signed a 20-year contract with Hyundai LNG Shipping to lease up to six liquefied natural gas (LNG) carriers to the latter, starting in 2024, the Korea Herald reported.
Citing IMM Private Equity, which controls the shipping agent dedicated to LNG carriers, the report said the deal which involves 174,000-cubic-metre LNG vessels could be the largest in South Korea’s history in terms of cargo capacity.
KUALA LUMPUR (May 4): Petroliam Nasional Bhd (Petronas), which has confirmed that it is ready to start production from its Garagol Deniz West field in Block 1, the Turkmenistan area of the Caspian Sea, is expecting the first oil in the third quarter of 2021 (3Q21).
Petronas told theedgemarkets.com that the oil will then be supplied to the Gas Treatment Plant and Onshore Gas Terminal for export. Petronas is developing the Garagol Deniz West field as part of Block 1 oil and natural gas deposits under a production sharing contract signed with the government of Turkmenistan in 1996, the company added.
Last month, Energy Voice reported that the output from the field in Block 1 was expected to peak at 10,000 barrels per day of oil and 35 million cubic feet per day of gas.
KUALA LUMPUR: SapuraOMV Upstream (Malaysia) Inc, has agreed to sell its entire interests under SapuraOMV Upstream (PM) Inc in various producing assets located offshore Peninsular Malaysia to Singapore-based Jadestone Energy PLC for US$9 million (US$1=RM4.09).
In a statement today, SapuraOMV said the effective date of the transaction was Jan 1, 2021 involving producing assets comprising of PM323, PM329, PM318, and AAKBNLP Production Sharing Contracts (PM assets).
Apart from the US$9 million agreed purchase price, there were also contingent payments of up to US$6 million dependent on certain oil price criteria being met, it added.
SapuraOMV Upstream, headquartered in Kuala Lumpur, is a strategic partnership between Sapura Energy Bhd
Friday, 30 Apr 2021 04:35 PM MYT
KUALA LUMPUR, April 30 SapuraOMV Upstream (Malaysia) Inc, has agreed to sell its entire interests under SapuraOMV Upstream (PM) Inc in various producing assets located offshore Peninsular Malaysia to Singapore-based Jadestone Energy PLC for US$9 million (RM36 million).
In a statement today, SapuraOMV said the effective date of the transaction was Jan 1, 2021 involving producing assets comprising of PM323, PM329, PM318, and AAKBNLP Production Sharing Contracts (PM assets).
Apart from the US$9 million agreed purchase price, there were also contingent payments of up to US$6 million dependent on certain oil price criteria being met, it added.
SapuraOMV Upstream, headquartered in Kuala Lumpur, is a strategic partnership between Sapura Energy Bhd and OMV Exploration & Production GmbH, a subsidiary of Austria’s OMV Aktiengesellschaft.