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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
International firms compete for Uruguayan blocks
The country’s frontier upstream continues to attract interest
Adnoc and Petronas sign exploration deal
The Middle Eastern NOC is tapping Malaysian expertise to help it develop an unconventional resource
Energy costs hit European refining
Margins narrowed considerably in the third quarter but still remain elevated for the time of year, as the continent continues to adapt following Russia’s invasion of Ukraine
Kuching, Sarawak’s capital
Shell Malaysia
Simon Ferrie
3 September 2021
Follow @PetroleumEcon
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Shell makes Malaysian FID

Peak production on the Timi gas development is forecast at 50,000bl/d oe

Shell has made FID on the Timi gas development in Malaysia alongside project partners NOC Petronas and Brunei Energy Exploration. Peak production is forecast at 50,000bl/d oe. Shell subsidiary Sarawak Shell Berhad will operate Timi with a 75pc stake, while Petronas and Brunei Energy Exploration hold 15pc and 10pc respectively. Timi—which is off the coast of Sarawak—will supply its sweet gas via an 80km pipeline to the F23 offshore production hub. The unmanned, lightweight wellhead platform will also be Shell’s first in Malaysia powered by solar and wind generation, which the firm cited as a step towards its net-zero goals. Oil majors are becoming increasingly selective about their upstream d

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