Reassess APAC Drilling Demand After EnQuest Malaysia Acquisition

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). The maximum total consideration for the proposed acquisitions is $833 million, of which $554 million is payable upon completion, expected on December 31, 2026, subject to customary completion conditions, including inter alia the waiver or

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

Should the acquisition of Package 1 not complete, the acquisition of Package 2, either alone or together with Package 3, would not constitute a reverse takeover under the UKLRs

The GBS was fully assembled on the quayside before shipment

Home Subsea Scottish player ships 60-ton subsea structure for Norwegian oil & gas playground June 11, 2026, by Scotland-headquartered engineering and design company T12 Engineering has finished its assembly and shipment scope for a major gravity-based subsea structure (GBS) by transporting it to Norway, completing what the firm describes as one of its largest projects delivered to date. Subsea structure will be used in Norwegian waters; Courtesy of T12 Engineering The project, which was managed by T12 Engineeri

Throughout the concept, detailed design and fabrication phases, T12 Engineering worked closely with its fabrication partner to optimize manufacturability, material efficiency and cost control, while ensuring compliance with the stringent requirements associated with subsea deployment

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

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