Wednesday, August 19, 2026
TotalEnergies divests 10% stake in Malaysia’s SK408 gas block to PTTEP- oil and gas 360

TotalEnergies divests 10% stake in Malaysia’s SK408 gas block to PTTEP

(World Oil)– TotalEnergies has completed the sale of an indirect 9.998% interest in Malaysia’s SK408 offshore gas block to PTTEP, strengthening the companies’ long-standing partnership while allowing TotalEnergies to optimize its upstream portfolio in the country. Following the transaction, TotalEnergies retains a 30.002% working interest in SK408 and remains operator of the block, which is considered a key contributor to Malaysia’s domestic

Murphy Turns to Eagle Ford, GOM after $2.1 Billion Sale to Depart Malaysia

Sale ends Murphy’s 20-year Malaysian history By Richard Rostad, analyst, Oil & Gas 360 Murphy Oil (ticker: MUR) announced a major divestiture today, selling the company’s Malaysian assets to focus on its Eagle Ford development. Murphy will sell its entire Malaysian portfolio, consisting of three offshore fields in the eastern portion of the country. These assets produced 48 MBOEPD in

Shell Targets Growth from Deep-Water Production, Starts Oil Production from Malikai Tension-Leg Platform in Malaysia

Shell’s first TLP outside the Gulf of Mexico Malikai employs a tension leg platform (TLP), a vertically floating structure moored by groups of tethers (tendons) at each corner. The groups of tendons are held upright in tension, giving the platform its name. Production wellheads on deck (connected directly to the subsea wells by rigid risers), instead of on the seafloor,