Hibiscus Petroleum subsidiary Straits Hibiscus has agreed to acquire a 30% stake in the Block PM327 production sharing contract (PSC) offshore Peninsular Malaysia.
TotalEnergies has agreed to sell TotalEnergies EP (Brunei) B.V. to Hibiscus Petroleum for $259 million, with the transaction set to close during the fall.
Britain’s North Sea Transition Authority has approved Anasuria Hibiscus UK’s request to extend the second term of offshore license P2451 to Sept. 30, 2026.
Production from the Anasuria area in the UK central North Sea has fallen recently due to shut-in of the GUA-P5 well in May, due to a hydraulic supply issue to the subsurface safety...
Hibiscus Petroleum’s UK subsidiary has replaced a malfunctioning riser that had affected operational performance from the Anasuria Cluster fields in the UK central North Sea.
Hibiscus Petroleum’s subsidiary Carnarvon Hibiscus has exercised an option to farm into 50% of the VIC/P74 permit in the Gippsland basin offshore southeast Australia, under an...