Latest news with #MPM
The Star
2 days ago
- Business
- The Star
PETRONAS inks digital partnerships to enhance E&P competitiveness
KUALA LUMPUR: PETRONAS, through Malaysia Petroleum Management (MPM), has formalised memoranda of understanding (MoUs) at Energy Asia 2025, reflecting the group's commitment to global collaboration to enhance Malaysia's positioning as a high-value, agile and investment friendly upstream environment. The MoUs involve collaborations with Amazon Web Services, SLB, Halliburton, Microsoft, Accenture, Iraya Energies, Rystad Energy Advisory Asia Pacific and S&P Global Commodity Insights. In a statement, PETRONAS said these partnerships mark a significant step in Malaysia's upstream digital transformation journey, designed to accelerate investor's decision-making through advanced technologies focusing on Agentic artificial intelligence and high-performance computing. Senior vice-president of MPM Datuk Bacho Pilong, said: "At PETRONAS, we believe that by embracing digital intelligence and strategic partnerships, we are enhancing Malaysia's Exploration and Production (E&P) competitiveness, creating an investment environment anchored on pace, data-reliability and transparency. We are elevating our web-based E&P data platform, PETRONAS myPROdata to support future Malaysia Bid Rounds. "These partnerships are also about reshaping the way we work, unlocking new value through technology, enabling better investment decisions and strengthening Malaysia's appeal to global energy players.' PETRONAS said it remains committed to ensuring an optimal and sustainable energy supply, with MPM playing a pivotal role in managing petroleum arrangements and providing stewardship for upstream petroleum activities in Malaysia.
New Straits Times
2 days ago
- Business
- New Straits Times
Petronas expands digital infrastructure to boost Malaysia's E&P investment
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), through Malaysia Petroleum Management (MPM), yesterday formalised memoranda of understanding (MoUs) at Energy Asia 2025. These MoUs reflect Petronas' commitment to global collaboration and forward-looking innovation to enhance Malaysia's positioning as a high-value, agile and investment friendly upstream environment. The MoUs involve collaborations with Amazon Web Services, SLB, Halliburton, Microsoft, Accenture, Iraya Energies, Rystad Energy Advisory Asia Pacific and S&P Global Commodity Insights. These partnerships mark a significant step in Malaysia's upstream digital transformation journey, designed to accelerate investor's decision-making through advanced technologies focusing on Agentic artificial intelligence and high-performance computing. Senior Vice President of MPM, Datuk Ir Bacho Pilong, said, "At Petronas, we believe that by embracing digital intelligence and strategic partnerships, we are enhancing Malaysia's Exploration and Production (E&P) competitiveness, creating an investment environment anchored on pace, data-reliability and transparency. We are elevating our web-based E&P data platform, Petronas myPROdata to support future Malaysia Bid Rounds." He added, "These partnerships are also about reshaping the way we work, unlocking new value through technology, enabling better investment decisions and strengthening Malaysia's appeal to global energy players." Petronas remains committed to ensuring an optimal and sustainable energy supply, with MPM playing a pivotal role in managing petroleum arrangements and providing stewardship for upstream petroleum activities in Malaysia.
Borneo Post
3 days ago
- Business
- Borneo Post
Petronas awards PSC for Temaris cluster small field asset
Bacho, (11th from left) together with representatives from Seascape Energy, Afed Texcal and Posco International, commemorating the signing of the Temaris Cluster SFA PSC and two technical evaluation agreements. KUALA LUMPUR (June 18): Petroliam Nasional Bhd (Petronas), through Malaysia Petroleum Management (MPM), has awarded the Temaris Cluster small field asset production sharing contract (SFA PSC) to Seascape Energy Asia (One) Sdn Bhd, a wholly owned subsidiary of Seascape Energy Asia plc (Seascape). Located in the Malay Basin offshore Peninsular Malaysia, the Temaris Cluster comprises the Tembakau and Mengkuang gas fields. This marks the second SFA PSC awarded from the three Discovered Resource Opportunities (DRO) clusters offered under the Malaysia Bid Round 2025 launched earlier this year. Strategically located near existing production infrastructure, the Temaris Cluster benefits from development synergies that enable, cost efficiency and accelerated monetisation of resources. MPM senior vice president, Datuk Bacho Pilong, said, 'Petronas is actively pursuing the development of Peninsular Malaysia's hydrocarbon resources. 'With an expected output of approximately 100 million standard cubic feet of gas per day (MMscfd) and first production targeted by 2029, the Temaris Cluster SFA PSC marks another milestone in our continuous efforts to support the nation's energy security while driving sustainable growth in the industry.' As the sole party to the SFA PSC, Seascape will mark its operational debut in Malaysia, affirming the country's position as a leading energy investment destination. As part of the strategic move to expand Peninsular Malaysia's hydrocarbon resources, Petronas has also signed Technical Evaluation Agreement (TEA) with Afed Texcal Energy Ventures (Afed Texcal) for Langkasuka basin in the Straits of Malacca and POSCO International (Posco) for Layang-Layang Basin off the coast of Sabah. The collaboration highlights Petronas' continued commitment to activate frontier basins and advancing exploration efforts in this promising area. Petronas remains committed to ensuring an optimal and sustainable supply of oil and gas for energy security, with MPM playing a crucial role in managing the country's petroleum resources and providing stewardship for upstream petroleum activities in Malaysia. oil and gas Petronas production sharing contract Seascape Energy Asia
The Sun
3 days ago
- General
- The Sun
STPM 2024 results to be released on June 24
PUTRAJAYA: A total of 41,434 students who sat for Malaysia's 2024 Sijil Tinggi Persekolahan Malaysia (STPM) examination will receive their results next Tuesday, June 24, according to the Malaysian Examinations Council (MPM). In a statement today, MPM said the candidates took the national pre-university exam at 670 centres nationwide, with the process supported by 22,852 examination personnel to ensure smooth delivery. Candidates will be able to check their results through two channels. A summary can be obtained by sending an SMS to 15888 in the format STPM (space) IC number (space) examination number. The service will go live at 11 am on June 24 and remain accessible until noon on July 4. For complete results slips, students can log on to starting at 11.30 am on the same day. The council congratulated all candidates and wished them success in the next stage of their journeys
New Straits Times
4 days ago
- Business
- New Straits Times
Petronas awards Temaris gas contract to support energy goals
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has awarded the Temaris Cluster small field asset production sharing contract (PSC) to Seascape Energy Asia (One) Sdn Bhd, a wholly owned unit of Seascape Energy Asia plc. The contract was awarded via Malaysia Petroleum Management (MPM), Petronas' upstream resource management arm. The Temaris Cluster, located in the Malay Basin offshore Peninsular Malaysia, comprises the Tembakau and Mengkuang gas fields. In a statement today, Petronas said this is the second PSC awarded under the three discovered resource opportunities clusters offered in the Malaysia Bid Round 2025. It said the cluster is located near existing production infrastructure, enabling cost efficiencies and faster development. MPM senior vice-president Datuk Ir Bacho Pilong said the Temaris project is expected to produce about 100 million standard cubic feet of gas per day, with first production targeted in 2029. "This marks another step in supporting national energy security while enabling growth in the upstream sector," he said. Seascape will be the sole contractor under the PSC, making its operational debut in Malaysia. Separately, Petronas has signed technical evaluation agreements with AFED TEXCAL Energy Ventures for the Langkasuka Basin in the Straits of Malacca, and with POSCO International for the Layang-Layang Basin off Sabah. These efforts are part of its broader push to explore frontier basins. Petronas, through MPM, manages Malaysia's petroleum resources and oversees upstream exploration and production activities.
