Southeast Asia
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The $26-million project will serve as a collaborative hub for research, engineering, and testing. -
Malampaya East discovery is estimated to hold 98 Bcf of gas and may help offset declines at the country’s only producing gas field.
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Murphy Oil’s Hai Su Vang (Golden Sea Lion) appraisal well reinforces the commerciality of the 2025 discovery.
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Petronas CCS Ventures receives Malaysia’s first offshore assessment permit for carbon capture and storage in the Duyong field offshore Peninsular Malaysia.
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A new Eni/Petronas venture is targeting 500,000 BOE/D in output from combined upstream portfolios across Malaysia and Indonesia.
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Thailand’s PTTEP is partnering with subsea joint venture SLB OneSubsea to expand capacity across two fields offshore Malaysia.
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The International Energy Agency cited a wave of cancellations and persistent challenges for dropping its projection for annual production of low-emissions hydrogen by 2030 from 49 mtpa to 37 mtpa.
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Welligence projects explorers are targeting 50 billion BOE in the near term, with about 20% of that being gas.
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The proposed joint venture aligns with Eni's satellite model strategy to create entities that manage operations and access capital markets separately from the parent company.
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Key drivers of the rapid growth projection include Asia’s economic outlook and the rise of artificial intelligence.
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