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Asia’s potential upstream powerhouse
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio
Malaysia tackles upstream declines
Petronas is making huge efforts to arrest falling oil production and accelerate gas increases to meet rising demand, but political tensions persist
Malaysia looks to deepwater to sustain output
The country is nearing a tipping point as its domestic needs continue to grow
Jadestone sees opportunities in Southeast Asia
The AIM-listed independent is pushing ahead with developments in Indonesia, Malaysia and Vietnam, CEO Paul Blakeley tells Petroleum Economist
Longboat splits attention between Norway and Malaysia
CEO Helge Hammer speaks to Petroleum Economist about the company’s recent activities and its expansion plans
Malaysia LNG faces growing gas supply challenges
Pipeline problems, maturing fields, gas quality issues and territorial disputes threaten to erode Malaysia’s LNG exports
Asia’s NOCs chart paths to decarbonisation
But none of the companies are poised to abandon oil and gas anytime soon
Adnoc and Petronas sign exploration deal
The Middle Eastern NOC is tapping Malaysian expertise to help it develop an unconventional resource
The curious case of the Hurricane bid
UKCS producer’s pared-back portfolio appears to tick few boxes
Upstream independent forms Malaysian JV
Upland Resources is seeking opportunities near Brunei
Malaysia Philippines M&A
Craig Guthrie
9 December 2019
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Independents seize Southeast Asia M&A initiative

As the majors exit, ambitious small and mid-sized entrants are challenging NOCs' dominance in the asset purchase market

Philippine conglomerate Udenna’s purchase of a 45pc stake in Chevron’s offshore Malampaya field on 13 November may signal that a shift is underway in the regional M&A scene, as majors with an eye on divestment offload Southeast Asian assets. The entry of Davao City-based Udenna— with interests from retail petroleum and infrastructure to tourism and fast food—into the $4.5bn Malampaya project suggests that national oil companies (NOCs) face competition for deals resulting from the vast disposal programmes of majors refocusing on US deepwater and shale. The executive chairman of Malaysia’s Dialog Group, Ngau Boon Keat, said in November that his oil and gas services firm was mulling the acq

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