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Top News In Kinabalu Oil Today - Breaking & Trending Today

Hibiscus Petroleum Makes Oil Discovery in Malaysia-Vietnam Agreement Area

Hitting nearly 151,000 feet of potential oil column, Bunga Aster-1 is the second “significant discovery” within a year in the Malaysia-Vietnam PSC. ....

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Spain's Repsol to exit from two exploration blocks in Gulf of Mexico

Repsol has received approval to exit from two oil and gas exploration blocks in the Gulf of Mexico, reported Reuters. ....

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Analysts view Hibiscus positively as Sabah sales tax issue resolved

KUALA LUMPUR (Oct 5): Hibiscus, which had previously questioned the imposition of state sales tax (SST) on its two units operating in Sabah, has proceeded to pay the tax amounting to RM85.7 million. The SST was imposed on revenues from petroleum products sold by SEA Hibiscus Sdn Bhd under the North Sabah production sharing contract (PSC) and Hibiscus Oil & Gas Malaysia Ltd (previously known as Repsol Oil & Gas Malaysia Ltd) under the 2012 Kinabalu Oil PSC. ....

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Spain's Repsol explores sale of some Canadian assets

Repsol is exploring the sale of some of its oil and gas assets in Canada later this year to capitalise on the higher oil and gas prices. ....

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Hibiscus Buys Malaysia, Vietnam Assets From Repsol

Hibiscus Petroleum has completed the buy of Repsol's interests in oil and gas assets in Malaysia and Vietnam. ....

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