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One death reported at Petronas gas pipeline explosion in Malaysia

Petronas’ Sabah-Sarawak gas pipeline explosion on Wednesday in Lawas, Malaysia, killed one and injured two people.

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Japan to retain 30% stake in Russia s Sakhalin-1 project operator

The Japanese government has decided to retain its stake in the new Russian firm that manages the Sakhalin-1 oil and gas project.

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Shell divests stake in Malampaya gas field offshore Philippines

Shell Petroleum N.V. has concluded the divestment of its 100% stake in Shell Philippines Exploration to Malampaya Energy XP (MEXP).

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Chesapeake cuts workforce prior to sale of South Texas oil assets

Chesapeake Energy has laid off nearly 3% of its workforce ahead of its potential sale of oil properties in South Texas.

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Exxon looking to buy oil and gas producer Denbury

Exxon Mobil is in preliminary talks to acquire US-based oil and gas producer Denbury, reported Bloomberg News.

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