Reassess Completions Sourcing as Automation and Regional Deals Shift Demand

Illustration; Source: EnQuest EnQuest has agreed to acquire three separate packages that include stakes in four offshore production sharing contracts in Malaysia by entering into three separate farm‑out agreements (FOAs) with Petronas Carigali and E&P Malaysia Venture (EPMV)

Home Fossil Energy EnQuest makes $833 million play to expand its Southeast Asian oil & gas arsenal June 11, 2026, by EnQuest Petroleum Production Malaysia, a wholly owned subsidiary of London Stock Exchange-listed energy firm EnQuest, has set the wheels in motion to enlarge its oil and gas footprint in Southeast Asia through a proposed acquisition of interests in four production sharing contracts (PSCs) off the coast of Malaysia. Illustration; Source: EnQuest EnQuest has agreed to acquire three separate package

The new participating interests together add about 57

Petronas’ Malaysian LNG Complex at Bintulu, Sarawak; Source: Petronas Petronas, through its wholly owned subsidiary Petronas LNG Ltd. (PLL), and JERA have signed a new long-term supply agreement, which enables the Malaysian player to provide up to approximately 2 million tonnes per annum (mtpa) of LNG over 20 years starting in 2028

LNG will be delivered using the firm’s new generation of 174,000-cubic-meter LNG carriers, designed to comply with the International Maritime Organization’s enhanced emissions standards, supporting more efficient and lower-emission operations. The signing of this agreement is perceived to signify the transformation from traditional point-to-point LNG supply agreements to a more flexible LNG supply arrangement, which is interpreted to further underscore Petronas’ position as a reliable LNG supplier through the

(PLL), and JERA have signed a new long-term supply agreement, which enables the Malaysian player to provide up to approximately 2 million tonnes per annum (mtpa) of LNG over 20 years starting in 2028. LNG will be delivered using the firm’s new generation of 174,000-cubic-meter LNG carriers, designed to comply with the International Maritime Organization’s enhanced emissions standards, supporting more efficient and lower-emission operations

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