South Korean steelmaker POSCO defends Myanmar gas business

SEOUL: South Korean steelmaker POSCO said on Monday it does not believe its unit POSCO International’s gas projects in Myanmar have a direct link to the military which seized power there in February. The unit’s gas business had existed for about 20 years, persisting through regime change, and related payments were paid to the Myanmar […]

Temasek’s Pavilion Energy imports Singapore’s first carbon-neutral LNG cargo

SINGAPORE – Temasek unit Pavilion Energy has imported Singapore’s first carbon-neutral liquefied natural gas (LNG) cargo, the company announced on Thursday (April 15). Carbon emissions associated with the cargo from well to tank, including extraction and transportation, will be offset by carbon credits sourced from Pavilion Energy’s portfolio of carbon offset projects. An average LNG […]

MMHE to Build Offshore Platform, Pipeline for SapuraOMV’s Jerun Field

Malaysia’s offshore energy infrastructure construction firm Malaysia Marine and Heavy Engineering (MMHE) has won a contract from SapuraOMV to build and install a platform and pipelines for the oil company’s SK408W Jerun Development Project, offshore Sarawak, Malaysia. The contract is for the construction of an approximately 15,000-metric tonne (MT) topside, 10,000 MT jacket, and 5,000 […]

Welltec bags well intervention deal with Petronas

Danish offshore energy technology firm Welltec has won an exclusive three-year contract from Malaysian energy major Petronas. Under the agreement, Welltec will become the sole provider of downhole conveyance and powered mechanical services in both East and West regions of Malaysia. “It’s a great team effort that has led to the award of this exclusive […]

Malaysia’s domestic oil and gas order flows improving

PETALING JAYA: Although global oil and gas exploration and production (E&P) investment is expected to be flat this year, Malaysia is seeing improving domestic order flows, said AmInvestment Bank Research (AmResearch). Malaysia’s order flows in the first quarter of this year saw a quarter-on-quarter (q-o-q) improvement as listed companies announced contracts valued at RM3.3 billion, […]

Petronas Declares Force Majeure on Offshore Field in Myanmar

Malaysia’s state energy firm Petronas said on Friday that its Myanmar unit had declared force majeure on its Yetagun field on Thursday due to depletion of gas production. The decision came after challenges that resulted in the production rate dropping below the technical threshold of the offshore gas processing plant, Petronas said in a statement. […]