PETRONAS Company News
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Exec: Petronas' Canadian Unit To Look At Other LNG Opportunities
Wednesday, October 11, 2017 Progress Energy will look at other liquefied natural gas opportunities as a way to monetize its Canadian gas assets.
Adviser: Malaysia's Petronas Puts Some Canadian Assets Up For Sale
Wednesday, October 04, 2017 Petronas is looking to sell some oil and gas assets owned by its Canadian unit Progress Energy, its adviser BMO Capital Markets says.
Petronas Chem Sells Half Of Polymers Business To Saudi Aramco For $900MM
Monday, October 02, 2017 Petronas Chemicals Group Bhd (PCG) says it plans to sell 50% of a polymers unit to Saudi Aramco's wholly owned subsidiary.
Canada Gas Set to Strike Back Against US Shale as Glut Eases
Thursday, September 14, 2017 Output from some longtime producers is waning and pipeline maintenance is ending.
Petronas Raises Payout Commitment To Government As Profit Surges
Friday, August 25, 2017 Petronas raises its dividend payment commitment to the government after reporting that second-quarter profit quadrupled because of higher oil prices and improved margins.
S. Korea's S-Oil Signs LNG Contract With Malaysia's Petronas For 2018-2033
Friday, August 25, 2017 S-Oil Corp signs a long-term LNG supply contract with Malaysia's Petronas for 15 years starting from next year.
Bernama: Petronas Considering Pipeline Investments To Monetize Gas Assets
Wednesday, August 23, 2017 Petronas is considering investing in a pipeline to market its Canadian gas assets after scrapping plans for a LNG project in Canada.
IOC: Malaysia's Petronas Eyeing Stake In Indian LNG Import Terminal
Wednesday, August 16, 2017 Petronas is looking to buy a stake in Indian Oil Corp's Ennore LNG import terminal, the Indian firm's chairman says.
Fluor Wins Malaysia Isononanol Plant Contract
Monday, August 07, 2017 The chemical building block isononanol is used in plasticizers for automotive and building applications.
Canceled LNG Project Casts Shadow Over Canada's Biggest Shale Play
Friday, August 04, 2017 Petronas' decision to cancel its Pacific NorthWest LNG project is a blow to the growth outlook for Canada's largest shale play.
Indian Oil, Partners Look For Cheaper Site For Pacific NorthWest Terminal
Thursday, August 03, 2017 Indian Oil Corp says it is in talks with its partners to scout for an alternative, cheaper site for the Pacific Northwest LNG terminal.
Little Guy Has Edge as Gas Glut Kills Huge Export Projects
Wednesday, August 02, 2017 The failure of a $27 billion project last week may offer a lesson to natural gas exporters: Go small or go home.
Malaysia's Petronas Says Awarded Shallow-Water Oil And Gas Block In Mexico
Wednesday, August 02, 2017 Petronas says it has been awarded a shallow-water oil and gas exploration block that it will jointly operate with Ecopetrol in the Mexican portion of the Gulf of Mexico.
Petronas To Take A Hit From Pullout, But Sees Long-Term Domestic Gains
Friday, July 28, 2017
If Petronas Can't Beat US LNG Suppliers, It Could Join Them
Thursday, July 27, 2017 With its Pacific Northwest LNG project now dead, Petronas needs to find a home for the gas produced by its Progress Energy Canada Ltd. unit
Malaysia's Petronas Halts $29B Western Canadian LNG Project
Tuesday, July 25, 2017 Petronas will not proceed with a proposed $28.8 billion LNG project in western Canada.
Malaysia's Petronas Delivers First LNG Cargo To Thailand's PTT
Friday, July 21, 2017 Petroliam Nasional Bhd announces the delivery of its first liquefied natural gas (LNG) cargo to Thailand.
Malaysia's Petronas Cautious On 2017 Even As Quarterly Profit Doubles
Friday, June 02, 2017 Petronas says quarterly profit more than doubled from a year ago.
Malaysia's Sarawak State Govt Seeks 10 Pct Stake in LNG Train
Monday, May 22, 2017 Malaysia's Sarawak state government said it is negotiating with Petronas to acquire a 10 percent equity stake in an LNG production facility.
Malaysia's Petronas Chemicals Posts Higher Profit
Monday, May 15, 2017 "Petrochemical product prices have risen in tandem and demand has also shown some improvement," CEO Sazali Hamzah said in a statement.
Razor-Thin British Columbia Vote Gives Greens Sway on Energy
Wednesday, May 10, 2017 If Premier Christy Clark requires the support of the Greens to govern the Pacific Coast province, she'll be dealing with a party staunchly opposed to Kinder Morgan's Trans Mountain oil pipeline expansion and Petronas' proposed LNG export project.
Petronas and Saudi Aramco Explore Petrochemicals Expansion in Malaysia
Monday, May 08, 2017 Malaysian state-owned oil company Petronas and its partner Saudi Aramco are studying projects to build more petrochemical plants to make full use of raw materials from their joint venture in Malaysia.
Malaysia's Petronas Targets New Markets for LNG
Monday, May 08, 2017 Malaysian oil company Petronas is looking to tap new markets to sell LNG, including as fuel for ships, the head of its upstream operations told Reuters on Monday.
PETRONAS Sets April Crude Price Factor At $3.50/bbl
Monday, April 17, 2017 Petronas has set the price factor for Malaysian Crude Oil (MCO) for April at $3.50 per barrel, down 70 cents.
TransCanada Seeks Pipe Approval Linked To Petronas LNG Terminal
Monday, March 20, 2017 Transcanada has secured shippers' commitment for a pipeline associated with Petronas' pending Pacific NorthWest liquefied natural gas terminal in western Canada
PETRONAS CEO: Industry Needs to Advocate for Benefits of Gas
Wednesday, March 08, 2017 PETRONAS CEO Datuk Wan Zulkiflee Wan Ariffin and Tellurian's Charif Souki say more advocacy is needed on behalf of gas benefits in order to meet global demand growth.
Malaysia's Petronas Says RAPID Project Remains On Track
Friday, January 27, 2017 Malaysia's state oil firm Petroliam Nasional Berhad (Petronas) is pushing ahead with plans to start operations in 2019 at a large refining and petrochemical complex in the southeast of the country.
Sources: Saudi Aramco Shelves Plan For Venture With Malaysia's PETRONAS
Wednesday, January 25, 2017 Saudi Aramco shelves plans for a multi-billion-dollar refining and petrochemical joint venture with Malaysia's PETRONAS.
Total, Shell, Eni Eligible to Bid for New Iran Oil, Gas Projects
Tuesday, January 03, 2017 The National Iranian Oil Company (NIOC) revealed that several European oil and gas companies will be eligible to bid for the country's new oil and gas projects.
Petronas Said to Eye New Site in $27 Billion Canada LNG Plan
Wednesday, December 28, 2016 Malaysia's Petroliam Nasional Bhd. is seeking to move ahead with a proposed $27 billion liquefied natural gas project in western Canada.
Malaysia's Petronas To Study Two Oilfields In Iran
Thursday, December 22, 2016 Petroliam Nasional Berhad inked a deal to study two oilfields in Iran with the National Iranian Oil Company (NIOC).
Malaysia's Petronas To Cut 2017 Oil Output By Up To 20,000 Bpd
Wednesday, December 21, 2016 Petroliam Nasional Bhd will trim crude output by up to 20,000 barrels per day in 2017, down about 3% from this year's estimated production, honouring the country's commitment to reduce supply.
Malaysia's Petronas To Adjust Output After Oil Cut Deal
Tuesday, December 13, 2016 Petroliam Nasional Bhd said on Tuesday it would adjust crude oil production in line with an agreement between OPEC and non-OPEC producers to reduce global supply.
Petronas Achieves First Gas at Floating LNG Facility
Thursday, November 17, 2016 Malaysian state-owned oil firm Petroliam Nasional Bhd achieves first gas this week for its first floating liquefied natural gas (LNG) facility in offshore Sarawak, east of the country.
Petronas Profit Jumps Quarter-On-Quarter On Lower Impairment Costs
Wednesday, November 16, 2016 Petroliam Nasional Bhd (Petronas) says its 3Q profit after tax rose to 6.1 billion ringgit ($1.40 billion) from 1.6 billion in the second quarter.
Technip Awarded Subsea Contract in Malaysia
Friday, October 14, 2016 Technip has been awarded a subsea contract by PETRONAS Carigali Sdn Bhd, a wholly owned subsidiary of PETRONAS, to support the Samarang Redevelopment Project Phase 2 EOR in Malaysia.
MISC's MaMPU1 to Commence Ops at Vestigo's Anjung Kecil Field Off Sarawak
Friday, September 30, 2016 MISC says its newly converted Marginal Marine Production Unit (MaMPU1) will commence operations shortly at the Anjung Kecil oil field off Sarawak, Malaysia.
Petronas Weighs Sale To Exit $27B Canada LNG Project
Friday, September 30, 2016 Petroliam Nasional Bhd is considering selling its majority stake in a $27 billion Canadian LNG plant, 3 people familiar with the matter said this week.
Petronas Canadian Gas Project Approved By Trudeau Government
Wednesday, September 28, 2016 Canadian Prime Minister Justin Trudeau's government has approved PETRONAS's $27 billion Pacific NorthWest liquefied natural gas project on British Columbia's Pacific coast.
Petronas Faces $27B Question After Canada's LNG Approval
Wednesday, September 28, 2016 After more than three years of regulatory review, the energy companies behind a proposed $27 billion liquefied natural gas plant on Canada's Pacific Coast received conditional government approval.
Canada Says LNG Ruling Has No Bearing on Kinder Pipeline Decision
Wednesday, September 28, 2016 Canada's approval of a natural gas plant is not a sign it will automatically let Kinder Morgan Inc expand a crude pipeline, a top official says, amid what sources say is uncertainty inside the government over the project.
PETRONAS Signs Contract with Schlumberger for Campeche Basin Seismic Survey
Friday, September 23, 2016 Schlumberger signs agreement with PETRONAS to license WesternGeco Campeche wide-azimuth (WAZ) deepwater multiclient seismic survey in the southern Gulf of Mexico.
PETRONAS, SOCAR Ink MOU on Goshadash Block in Caspian Sea
Monday, September 19, 2016 Malaysia's PETRONAS and SOCAR ink a memorandum of understanding to explore, develop and produce from the Goshadash Block in Azerbaijan's sector of the Caspian Sea.
INSTEP: Transforming the Landscape of Technical Learning, Certification
Monday, September 05, 2016 The Institut Teknologi Petroleum PETRONAS (INSTEP) supports not only PETRONAS, but also extends its services to international clients.
PTTEPI, PC JDA Sign Add-on Deal to PSC for Block 17-01 in Gulf of Thailand
Thursday, September 01, 2016 PTTEP International (PTTEPI) and PETRONAS Carigali JDA (PC JDA) sign a supplementary contract to the production sharing contract for Block 17-01 in the Malaysia-Thailand Joint Development Area (MTJDA) in the southern Gulf of Thailand.
SKTLO Bags $65.3M Contracts for Work Offshore Malaysia, Vietnam
Thursday, September 01, 2016 SapuraKencana TL Offshore bags several contracts, worth around $65.3 million, for work offshore Malaysia and Vietnam.
Bell Geospace, Onyx Engineering Bag FTG Contract from PETRONAS
Wednesday, August 31, 2016 Bell Geospace and Onyx Engineering bag a contract from Petroliam Nasional Berhad (PETRONAS) to provide full tensor gradiometry (FTG) data acquisition, processing and interpretation offshore Malaysia.
Indonesia Encourages More Exploration, Development Activities in its Waters
Wednesday, August 31, 2016 Indonesia plans to boost oil and gas activities in its waters, inviting Malaysia to join Pertamina in exploration work, while seeking to speed up development of the East Natuna block.
PETRONAS $8.5B Canada Gas Plan Buoyed By Aboriginal Vote
Monday, August 29, 2016 PETRONAS' proposed $8.5 billion liquefied natural gas export plant in Canada is getting a boost as an aboriginal community signals openness to the project amid speculation that the location may be changed.
PBJV Bags Contract from PETRONAS Carigali for Work Off East Malaysia
Friday, August 26, 2016 Barakah Offshore's unit PBJV bags contract to provide underwater services for PETRONAS Carigali's oil and gas fields offshore East Malaysia.