Velesto Energy has terminated a drilling contract involving the Naga 8 jack-up rig in Malaysia. The rig remains deployed for Jadestone’s East Belumut Phase 9 project until July 2026.
Jadestone Energy has brought the EBA-07ST1 well online at 2,800 bopd at East Belumut, with the first two wells lifting field production by approximately 6,000 bopd.
Velesto has terminated the proposed sale of the Naga 3 jack-up rig to PT Indonesia Drilling Energy. The rig remains a Velesto asset after the agreement ended on 7 July 2026.
Maersk Training has opened a Kuala Lumpur training site with Velesto Energy Academy, offering simulation-based and accredited programmes for operators, drilling contractors and service companies.
K LINE has taken delivery of Puteri Kedah, the second LNG carrier built for PETRONAS LNG Ltd., following the delivery of sister vessel Puteri Johor in May 2026.
HELMS has secured a long-term offshore soil investigation contract from PETRONAS CCS Solutions to support CCS developments across Malaysia.
PTTEP contracted Seadrill drillship West Capella for a 440-day Malaysia program starting in 2Q 2026, alongside multiple drillship extensions and a West Elara North Sea P&A campaign update.
BMI says Malaysia will remain a major oil and gas investment location as PETRONAS maintains about RM50 billion in upstream capex, expands overseas assets and advances CCS and LNG-related spending.
TotalEnergies divests an indirect 9.998% of Malaysia’s SK408 to PTTEP via AzurVista Resources, while retaining 30.002%. The block produces gas and condensate with ongoing development.
