Doha, Qatar--QatarEnergy, and its joint-venture partners TotalEnergies, Petrobras, and PETRONAS Petroleo Brasil Ltda. (PPBL) has signed the production sharing contract (PSC) for the Agua-Marinha block. The contract was awarded to the consortium on 19 December 2022 in the 1st Cycle Permanent Offer round by Brazil's National Agency of Petroleum, Natural...

Abu Dhabi, UAE— The UAE President Sheikh Mohamed and the King of Malaysia Al-Sultan Abdullah have witnessed the signing of a concession agreement between ADNOC and PETRONAS for Abu Dhabi’s Unconventional Onshore Block 1. The award to Malaysia’s national oil and gas company launches the Middle East’s first unconventional oil...

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...

The Saudi Arabian Oil Company has outlined a clear strategy to continue to invest in both upstream and downstream segments, says Rehan Akbar, Senior Vice-President at Moody’s.