INSEAD Day 4 - 728x90

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Total revenue increased 10% year-on-year.

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Emirates Stallions Q1 revenue up 11%

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ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Mubadala discovers gas reservoir offshore Malaysia

Mubadala Energy announced gas discovery in South Andaman. (Mubadala)
  • The company said preliminary analysis shows a significant gas column of more than 110 metres within the pinnacle carbonate reef reservoir.
  • Mubadala Energy is the Operator of Block SK320, with 55 percent participating interest in the Production Sharing Contract.
Abu Dhabi, UAE—Mubadala Energy has discovered a good quality gas reservoir penetrated by the Cengkih-1 exploration well in Block SK320, off the coast of Sarawak province, offshore Malaysia. Preliminary analysis shows a significant gas column of more than 110 metres within the pinnacle carbonate reef reservoir.
The Cengkih-1 exploration well is located nearby the Pegaga field, one of the fields within the SK320 Block, which recently marked the successful production of commercial gas. The Pegaga field recorded the discovery of 1 Trillion Cubic Feet of additional gas initial in place, following the post-drill results, confirming a larger and better quality reservoir.
Mubadala Energy is the Operator of Block SK320, with 55 percent participating interest in the Production Sharing Contract. The remaining 45 percent is held by PETRONAS Carigali Sdn Bhd and Sarawak Shell Berhad.

Since entering Malaysia in 2010, Mubadala Energy has made six gas discoveries displaying a success ratio of 75 percent.

Mansoor Mohamed Al Hamed, CEO of Mubadala Energy, said, “This discovery further cements our position in Malaysia as a reliable and trusted operator with deep technical capabilities. Gas demand in Southeast Asia continues to grow and we look forward to helping meet those energy needs, in line with our strategy to play an active role in the energy transition.”