Eni and Petronas have officially established Searah, a new 50/50 joint venture combining selected businesses across Indonesia and Malaysia, creating what has been described as Southeast Asia's largest independent integrated energy company.The launch comes seven months after the signing of the investment agreement in November 2025 and 16 months after the companies announced a memorandum
SBM Offshore has entered into a shareholders' agreement with long-standing business partner NYK to divest a 45% ownership interest in the special purpose companies related to the lease and operation
Workers will escalate the strike at Inpex's Ichthys LNG facilities in Australia that started last week over a wage dispute, after talks failed to progress with the Japanese operator
Oil prices jumped more than $4 on Monday, with investors spooked by fresh Israeli strikes on Iran as well as renewed attacks on Lebanon a day earlier.Brent crude futures LCOc1 rose $4.42 or 4.
Oil prices edged down after Oman said operations at Mina al Fahal port were proceeding normally, following a Reuters report that oil loadings had been suspended after an explosion.
Petronas, through Malaysia Petroleum Management (MPM), has signed a memorandum of understanding with regional exploration and production operators and Universiti Teknologi Petronas (UTP) to jointly
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