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Acquisitions and Divestitures News in Malaysia

Malaysia’s DNeX eEnters into HOA to Acquire Ping Petroleum
8/27/2020 - Malaysian company DNeX has entered into a heads of agreement ('HOA') with Ping Petroleum for DNeX to make an offer through Ping, to acquire the remaining equity interest in Ping not currently owned by...
EnQuest Awarded Block PM409 PSC Offshore Malaysia
12/4/2019 - EnQuest PLC (EnQuest) is pleased to announce it has been awarded the Block PM409 Production Sharing Contract (PSC) in partnership with PETRONAS Carigali Sdn Bhd (‘PCSB’) by PETRONAS. Under the terms o...
Hibiscus Petroleum Acquires Producing Assets in Southeast Asia
11/21/2019 - Hibiscus Petroleum Berhad (HIBI) released a Corporate and Business Update outlining the Group’s targets and initiatives as well as operational updates in conjunction with the release of its quarterly ...
Hibiscus Petroleum Completes Acquisition of North Sabah PSC from Shell
4/1/2018 - Hibiscus Petroleum Bhd (HIBISCS) is pleased to announce that its indirect wholly owned subsidiary SEA Hibiscus Sdn Bhd (SEA Hibiscus) has completed its acquisition of a 50% participating interest in t...
JX Nippon to Develop & Produce Oil and Gas from Beryl Gas Field
12/20/2017 - Mr. Shunsaku Miyake, President and CEO of JX Nippon Oil & Gas Exploration Corporation is pleased to announce that PETROLIAM NASIONAL BERHAD (“PETRONAS”), the national oil company of Malaysia, has agre...
Hibiscus Petroleum to Acquire Shell’s 50% Interest in the 2011 North Sabah PSC
12/6/2017 - Hibiscus Petroleum, Malaysia’s first listed independent oil and gas exploration and production company, announced that it has received unconditional consent from Petronas Carigali under the Joint Oper...
Malaysia's Sarawak State Govt Seeks 10% Stake In LNG Train
5/22/2017 - Malaysia's Sarawak state government said it is negotiating with Petroliam Nasional Berhad to acquire a 10 percent equity stake in a liquefied natural gas(LNG) production facility at Petronas' LNG comp...
Petronas Pitches $1B Offshore Gas Project Stake to Oil Firms
4/10/2017 - Malaysia's Petronas has pitched an estimated $1 billion stake in a prized upstream local gas project to potential bidders including Royal Dutch Shell , ExxonMobil Corp, Thailand's PTT Exploration and ...
Petronas, Aramco Sign SPA for Equity Participation on RAPID Refinery
2/28/2017 - The Saudi Arabian Oil Company (Saudi Aramco) and Petroliam Nasional Berhad (PETRONAS) signed a Share Purchase Agreement (SPA), allowing Saudi Aramco’s equity participation in PETRONAS’ Refinery & Petr...
Petronas Considers $1 Billion Stake Sale in Offshore Gas Project
2/20/2017 - Malaysian state-owned oil and gas firm Petronas is aiming to sell a large minority stake in a prized upstream local gas project for up to $1 billion as it seeks to raise cash and cut development costs...
Bondholders of Malaysia's Perisai Reject Extension of Maturity Date
10/4/2016 - Holders of Perisai Petroleum Teknologi Bhd's S$125 million ($91.41 million) bond have rejected the Malaysian oil and gas service provider's request for a four-month extension on the maturity date, the...
Petronas Weighs Sale to Exit $27B Canada LNG Project
9/30/2016 - Malaysian state oil firm Petroliam Nasional Bhd is considering selling its majority stake in a $27 billion Canadian liquefied natural gas (LNG) plant, three people familiar with the matter said this w...
Petronas Awards Exploration Block SK410B Offshore Malaysia
7/21/2016 - PETRONAS has awarded a Production Sharing Contract (PSC) to PTTEP HK Offshore Limited (PTTEP), KUFPEC Malaysia (SK-410B) Limited (KUFPEC), and PETRONAS Carigali Sdn Bhd for the exploration Block SK410...
Lundin Signs Farm-out Agreements in Malaysia
2/1/2016 - Lundin Petroleum AB is pleased to announce that its wholly owned subsidiary Lundin Malaysia BV has signed farm-out agreements (FOA) with certain wholly owned subsidiaries of DYAS B.V. (“DYAS”) for par...
Hibiscus Petroleum to Acquire Hydra Energy Holdings
11/9/2015 - Hibiscus Petroleum has executed a binding term sheet to acquire 100 percent of the outstanding shares of Hydra Energy Holdings. Subject to shareholder and regulatory approvals, and the satisfaction of...
Local PETRONAS Licence Secured by Plexus' Malaysian JV Company
7/14/2015 - Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, is pleased to announce that Plexus Pr...
Murphy Closes Sale of 30% of its Malaysian Oil & Gas Assets to Pertamina
1/30/2015 - Murphy Oil Corporation announced that its wholly owned subsidiaries, Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd. (collectively Murphy), have closed on the second phase of the sale of ...
INPEX to Transfer 10% PI in Block R to Santos
1/30/2015 - INPEX CORPORATION through its wholly-owned subsidiary, INPEX Offshore South West Sabah, Ltd. , has reached an agreement to transfer 10% of its participating interest in the Deepwater Block R to Santos...
Petronas Awards Blocks SB331 & SB332 to SapuraKencana
11/20/2014 - PETRONAS awarded two Production Sharing Contracts (PSC) for Blocks SB331 and SB332 onshore Sabah to SapuraKencana Energy Sabah Inc, M3nergy Berhad and PETRONAS Carigali Sdn Bhd. ...
Murphy Oil Announces Sell down of Malaysian Assets
9/30/2014 - Murphy Oil Corporation announced that its wholly owned subsidiaries, Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd. (collectively "Murphy"), have entered into an agreement with PT Pertami...

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