More competitive regulatory terms and greater risk in other oil and gas-producing regions are driving interest in Malaysia, ...

US supermajor ConocoPhillips is quietly progressing with the development of its shallow-water oil discoveries in Block WL4-00 off Sarawak, Malaysia. Kuala Lumpur-based sources said engineering ...

PETALING JAYA: ConocoPhillips’s decision to exit the Salam-Patawali deepwater oil and gas field has not closed the door to future investments by the US oil giant in Sarawak, an assemblyman says.

ConocoPhillips has hired the Icon Caren jack-up rig from Icon Offshore's unit for the 2022 drilling campaign offshore Sarawak. The U.S. oil and natural gas major ConocoPhillips has secured the ...

In a filing with Bursa Malaysia, Icon Offshore said ConocoPhillips Sarawak had on Dec 23, 2021 issued a letter of award to I Oilfield Services Sdn Bhd (IOSSB) for the provision of a jack-up rig to ...

ConocoPhillips has let a contract to Icon Offshore for use of the Icon Caren jack up drilling rig for work offshore Sarawak, Malaysia. The contract—valued at $9.6 million—is for three firm ...

Lo said if ConocoPhillips chose to step away, others will come, especially if Sarawak remains open to international investors and offers a transparent, fair and mutually beneficial investment climate.

ConocoPhillips beat Wall Street estimates for first-quarter profit on Thursday on strong production volumes, but warned that weak oil prices would likely lead to output cuts in the industry.