• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 32 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day Does Toyota Know Something That We Don’t?
  • 4 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 1 day World could get rid of Putin and Russia but nobody is bold enough
  • 8 hours America should go after China but it should be done in a wise way.
  • 4 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 3 days China is using Chinese Names of Cities on their Border with Russia.
  • 4 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 3 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 4 days Putin and Xi Bet on the Global South
  • 4 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 5 days United States LNG Exports Reach Third Place
  • 5 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 9 days huge-deposit-of-natural-hydrogen-gas-detected-deep-in-albanian-mine

Breaking News:

Chicago Files Suit Against Big Oil

Editorial Dept

Editorial Dept

More Info

Only Oil Insiders Are Looking At This Play

U.S. oil men usually love their home turf. Especially today, with U.S. shale plays yielding some of the best production and reserves numbers on the planet.

But one industry insider made a surprising comment last month. Showing that U.S. oil firms may be looking in an unexpected direction for growth.

The brief mention came during the quarterly conference call for Energy XXI (Nasdaq: EXXI)—a leading exploration firm in the Gulf of Mexico that I’ve discussed in the past.

President John Schiller was asked about growth opportunities for his company. To which the industry veteran replied that he is seriously looking at Malaysia.

This seems an odd jump for a Gulf-focused oil producer. But Schiller noted that Southeast Asia in fact has the same geology and structures as companies like Energy XXI see in the GOM.

He even pointed out that Asia was the offshore destination of choice for U.S. E&Ps after these firms initially developed the Gulf in the 1960s.

Put that way, the opportunity in Malaysia starts to make sense. Even more so once you dig into some of the recent developments in this nation—under-the-radar changes that may be positioning it as a go-to exploration destination for a new generation of junior E&Ps.

Big Potential, Small Production

Malaysia’s petroleum potential is certainly proven.

In fact, the nation is a powerhouse in one segment of the business: liquefied natural gas. In 2011, Malaysia…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News