Recent Articles

PETRONAS Minimizes Staff Redundancy to Facilitate Capability Development
Tuesday, August 23, 2016 Malaysia's PETRONAS minimizes layoffs in order for the firm to continue with its capability development, a senior executive says.
Malaysia's Petronas Q2 Profit Falls 85% On Low Oil Prices, Impairments
Monday, August 22, 2016 Petronas says its net profit fell 85% in Q2 due to low crude oil prices and a jump in impairment charges.
PETRONAS to Continue Cost Control Measures Even When Oil Price Recovers
Thursday, August 18, 2016 Malaysia's PETRONAS plans to continue with efforts to control costs even when oil prices recover.
Malaysia's PETRONAS Voices Concerns Over Sarawak's Work Permit Moratorium
Wednesday, August 10, 2016 Malaysia's PETRONAS voices concerns over a decision to place a moratorium on new permits for employees from outside Sarawak to work in the state.
Uzma Unfazed by Concerns Over Berantai, Balai RSC Cessations in Malaysia
Monday, August 08, 2016 Malaysia's Uzma does not see any impact arising from the recent cessations of Risk Service Contracts (RSC) in the country on the RSC for the Tanjung Baram oil field offshore Sarawak.
Hess Extends Perisai Pacific 101 Assignment by 54 Days for $5.3M
Monday, August 01, 2016 HESS Exploration and Production BV extends contract, worth $5.3 million, for Perisai Pacific 101 jackup by up to 54 days.
Malaysia's PBJV Clinches $9.4M T&I Contract for SKO Field Off Sarawak
Thursday, July 28, 2016 Barakah Offshore's unit PBJV clinches a $9.4 million transportation and installation contract for the SKO Field in Sarawak off Malaysia.
PETRONAS Awards SK410B PSC Offshore Malaysia to PTTEP-led JV
Friday, July 22, 2016 PETRONAS awards the SK410B Production Sharing Contract offshore Malaysia to a joint venture comprising Thailand's PTTEP, KUFPEC and PETRONAS Cargali.
PETRONAS Appoints Vestigo Operator of Malaysia's Berantai RSC
Thursday, July 21, 2016 PETRONAS appoints subsidiary Vestigo as the new operator of the Berantai gas field offshore Terangganu, Malaysia after the cessation of the Berantai Risk Service Contract (RSC) with the previous contractors.
PETRONAS Reaches Deal with SapuraKencana, Petrofac for Berantai
Monday, July 11, 2016 PETRONAS reaches deal with SapuraKencana and Petrofac for the cessation of the Berantai Risk Service Contract located offshore Terangganu, Malaysia.
PETRONAS LNG Bid Faces 90-Day Wait As Clock Ticks For Trudeau
Tuesday, June 28, 2016 A three-month clock has just started ticking for Canadian Prime Minister Justin Trudeau to decide whether to allow Malaysia's Petroliam Nasional Bhd to build an ambitious liquefied natural gas project.
SapuraKencana Secures $125M of Drilling, Engineering & Construction Deals
Tuesday, June 28, 2016 SapuraKencana Petroleum secures $125 million of drilling as well as engineering and construction contracts and contract extensions in Malaysia, Australia and Trinidad and Tobagao.
SapuraKencana Inks Deal to Sell Gas from Malaysia's B15 Field to PETRONAS
Monday, June 27, 2016 SapuraKencana Energy inks agreement to sell gas to PETRONAS from its B15 field in SK310 Production Sharing Contract offshore East Malaysia.
Maintenance At Malaysia-Vietnam Oilfield To Cut Aug Bunga Crude Exports
Thursday, June 23, 2016 A scheduled oilfield maintenance in the joint production area of Malaysia and Vietnam will reduce Bunga crude exports in August.
Pakistan Seeks to Import More LNG to Address Supply Shortage
Thursday, June 16, 2016 Pakistan commences talks with some liquefied natural gas sellers seeking to import a greater quantity of the fuel to address the supply deficit in the country.
Shell Sees Malikai Project in Malaysia as Boosting Deepwater Ambitions
Tuesday, June 14, 2016 Shell-operated Malikai deepwater project offshore Malaysia supports the company's aims of staying at the forefront of the global deepwater industry.
Russell: No New Australian LNG Projects Doesn't Mean No New LNG
Thursday, June 09, 2016 Conventional wisdom in the liquefied natural gas (LNG) sector is that no new projects will be built for several years, given the vast cost can't be reconciled with the current low prices.
Malaysia's Most Battered Oil And Gas Stock Eyes Foreign Tie-Up
Friday, June 03, 2016 Malaysia's UMW Oil & Gas Corp. is teaming up with foreign partners for the first time to venture outside of Asia and predicts the slowdown that forced the company to idle most of its drilling rigs may be ending.
PETRONAS Sells 10% Stake in Liquefaction Train in Sarawak to JX Nippon
Friday, June 03, 2016 PETRONAS and JX Nippon Oil & Energy sign agreement for the sale and purchase of a 10 percent stake in PETRONAS LNG 9, which owns the ninth liquefied natural gas liquefaction train in Bintulu, Sarawak, Malaysia.
Alam Maritim Bags $6.8M PETRONAS' Subcontract for PFLNG1 Facility
Thursday, June 02, 2016 Alam Maritim bags $6.8 million subcontract from PETRONAS FLNG1 for the PFLNG1 facility to be deployed offshore East Malaysia.