HELMS has secured a long-term offshore soil investigation contract from PETRONAS CCS Solutions to support CCS developments across Malaysia.
TotalEnergies and Petronas have started a $100 million to $200 million offshore exploration campaign near Kupiano in Papua New Guinea, with the drilling vessel Viking beginning operations.
Petronas has signed an MoU with regional operators and Universiti Teknologi Petronas to evaluate offshore oil recovery opportunities.
Three contractor personnel died and one worker was injured after a lifeboat maintenance incident on FSO Sepat offshore Terengganu, Malaysia.
Helms Geomarine completed its offshore geotechnical investigation campaign for Shell in Sarawak ahead of schedule and will resume Petronas-supported offshore soil investigation work.
Subsea 7 S.A., PETRONAS Suriname E&P B.V., and the Subsea Integration Alliance have signed a long-term framework for offshore developments in Suriname.
Petronas confirmed a hydrocarbon discovery at the Barokah-1 well in the North Ketapang PSC offshore East Java, with further studies planned to assess the find’s development potential.
Velesto Energy confirmed a 60-month charter for jack-up Naga 2 with Petronas Carigali, starting in February 2026. Contract value was undisclosed, with the deal expected to support utilisation and earnings visibility through 2030.
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.
