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.
bp has named Meg O’Neill as its next CEO from 1 April 2026, with Carol Howle as interim CEO and Murray Auchincloss staying on as adviser while Woodside Energy appoints Liz Westcott acting CEO.
TotalEnergies will merge its UK offshore assets with Neo Next Energy to form Neo Next+, expected to be the largest independent oil and gas producer in the UK with output above 250,000 boe/d in 2026.
Greece held a memorial at the Athens Megaron Concert Hall to mark one year since the passing of oil and shipping businessman Vardis I. Vardinogiannis, with state, church, military and business leaders honouring his legacy.
Lianson Fleet Group and PV Drilling have agreed to review joint activities in Malaysia’s offshore drilling sector. Their planned partnership includes rig ownership, chartering and service support, with an initial target of two jack-up units. A shareholders’ agreement is expected in early 2026.
Shell has begun a joint study with Kufpec to assess five Indonesian working areas, reflecting renewed engagement by major international oil companies in the country’s upstream sector. The initiative follows recent discussions between global operators and SKK Migas on new exploration opportunities.
Valaris will warm-stack its MS-1 and DPS-1 semi-subs in Malaysia after completing contracts in Australia by end-2025.
Equinor has extended Northern Ocean’s Deepsea Bollsta contract by five months for continued drilling on Norway’s Johan Sverdrup field.
TotalEnergies CEO Patrick Pouyanné confirmed the Mozambique LNG project remains budgeted at $20.5 billion as work transitions toward construction.
