Jadestone has recently acquired offshore assets in Malaysia
Jadestone’s expansion plans mature
The independent is looking to capitalise as more companies move to exit mature oil and gas assets, CEO Paul Blakeley tells Petroleum Economist
Asia-Pacific focused independent Jadestone Energy’s recent entry into Malaysia’s upstream is the latest step in a long-term strategy the company hopes will turn it into a major regional player. The developer’s focus over the last five years has been on acquiring mature producing assets that offer “speed to cash flow”, says Jadestone CEO Paul Blakeley. After a turbulent 2020 that saw the company slash its cost base to ride out international oil price volatility, Jadestone is once more chasing assets that will bolster its production and reserve base. “Majors are happy to exit an asset once its best days are behind it. They are not as efficient, slowed down by processes that are designed to min
Also in this section
6 February 2026
The long close relationship between key supplier Qatar and pivotal buyer Japan becomes even deeper following new landmark deal
6 February 2026
Partnerships across the LNG value chain have evolved over time, growing in both complexity and importance, according to panellists at LNG2026
6 February 2026
Nigeria's mega-refinery is still trying to solve many challenges, all while its owner talks up expansion
5 February 2026
While broadly supportive of EU efforts to tackle methane emissions, representatives of the gas industry warn it could deter supply contracting if timelines and compliance requirements are not made more pragmatic
