KUALA LUMPUR, June 4 (Bernama) -- ConocoPhillips Sabah Gas Ltd, operator of the Kebabangan (KBB) gas field off the cost of Sabah, has taken final investment decision (FID) on May 21, 2026 for Phase 2 of the KBB gas field development.
LABUAN, May 15 (Bernama) -- The unresolved conflict involving Iran is expected to indirectly drive more active oil drilling activities in Sabah waters, said Labuan Chamber of Commerce (LCC) Oil and Gas Bureau chairman Masnawi Nawe.
By Karina Imran
KUALA LUMPUR, April 24 (Bernama) -- Malaysia’s energy security continues to be underpinned by a resilient ecosystem involving multiple stakeholders, particularly oil and gas services and equipment (OGSE) players that remain a crucial component of the industry’s value chain.
KUALA LUMPUR, April 6 (Bernama) -- Geohan Corporation Bhd’s unit Geohan Sdn Bhd has secured two subcontract packages with a combined value of RM103 million for the New Pantai Highway Extension from IJM Construction Sdn Bhd.
KUALA LUMPUR, March 30 (Bernama) -- Vantris Energy Bhd’s net profit surged to RM3.73 billion for the financial year ended Jan 31, 2026 (FY2026), from RM189.53 million in FY2025, driven by a one-off recognition of about RM4.1 billion in forgiveness of debt arising from its restructuring exercise.
By Nurunnasihah Ahmad Rashid
KUALA LUMPUR, March 24 (Bernama) – The decision by oil companies to shift away from West Asia and support offshore crude oil exploration in Southeast Asia could potentially benefit offshore support vessel (OSV) operators.
KUALA LUMPUR, March 14 (Bernama) -- A prolonged conflict between the United States (US) and Iran could slash West Asia crude oil output by as much as 70 per cent in a worst-case scenario, energy research firm Rystad Energy said.
KUALA LUMPUR, March 2 (Bernama) -- Velesto Energy Bhd's (VEB) indirect wholly owned subsidiary, Velesto Drilling Sdn Bhd, has secured a contract worth US$157 million from Petronas Carigali Sdn Bhd (PCSB) to provide a jack-up drilling rig for the PCSB 2026-2030 contract period.
KUALA LUMPUR, Feb 25 (Bernama) -- Velesto Malaysian Ventures Sdn Bhd’s wholly owned subsidiary, Velesto Drilling Sdn Bhd, has received a letter of award from Jadestone Energy (Malaysia) Pte Ltd.
KUALA LUMPUR, Jan 30 (Bernama) -- Kenanga Investment Bank Bhd (Kenanga IB) said the recently released Petronas Activity Outlook (2026-2028) is largely neutral about the upstream services sector due to ageing vessels and rig supply in the local market.
KUALA LUMPUR, Jan 21 (Bernama) -- Mongolian Mining Corporation sold 8,221.3 thousand tonnes (kt) of washed coking coal in 2025, a four per cent increase from 7,882.1 kt in 2024, according to an unaudited operational update for the quarter ended Dec 31, 2025.
KUALA LUMPUR, Jan 20 (Bernama) -- PJBumi Bhd’s indirect wholly-owned subsidiary, Rig Capital Pte Ltd, has signed a contract to purchase five sets of drilling rig from Gaoyou Hao Xiang Petroleum Machinery Co Ltd for RM161.64 million.
