Reassess APAC drilling supplier posture after Malaysia and LNG moves

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

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

Taihan said the agreements combine its cable manufacturing and project execution capabilities with the offshore wind, marine infrastructure, and submarine cable installation expertise of the two European companies, strengthening its position in the global HVDC cable market. Taihan has been expanding its presence in the subsea cable sector in recent years and is currently building a second submarine cable manufacturing facility in Dangjin, South Korea, which will be capable of producing 640 kV HVDC cables

Related Article The company has also strengthened its installation capabilities with the recent acquisition of the 10,000-ton-class cable-laying vessel (CLV) Skandi Connector, having been operating the CLV Palos, which Taihan says is South Korea’s only dedicated cable-laying vessel. Taihan said these investments are intended to support its strategy of providing integrated manufacturing, transportation and installation services for offshore power transmission projects worldwide

Home Cabling Taihan Cable signs HVDC cooperation agreements with Jan De Nul and Boskalis June 11, 2026, by South Korea’s Taihan Cable & Solution has signed memoranda of understanding (MOUs) with Belgium’s Jan De Nul and the Netherlands’ Boskalis to cooperate on high-voltage direct current (HVDC) subsea cable projects. Taihan MoU with Jan De Nul; Photo: Taihan Cable & Solution The agreements were signed on June 10 during the Korea-EU Energy Transition Cooperation Forum in Brussels

Home Fossil Energy 20-year LNG deal between Petronas and JERA strengthens Japan’s energy security June 11, 2026, by Malaysia’s state-owned oil and gas heavyweight Petronas has sealed a two-decade-long liquefied natural gas (LNG) supply arrangement with Japan’s power generation major JERA, which fortifies the energy bonds between the two countries and extends the companies’ partnership into the 2040s. Petronas’ Malaysian LNG Complex at Bintulu, Sarawak; Source: Petronas Petronas, through its wholly owned subsidi

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 expansion of its supply capabilities. The company claims that this deal reinforces its position as a core supplier to Japan, one of the world’s largest LNG importers, and deepens a relationship that dates to 1983, when Malaysia shipped its firs