PETRONAS Company News
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Petronas-Saudi RAPID Refinery To Receive First Oil Cargo By End-Sept
Thursday, September 13, 2018 A supertanker carrying the first crude oil cargo for a refinery joint-venture project between Petronas and Saudi Aramco is expected to reach by September-end.
Petronas Eyes South Sudan Oil Blocks
Tuesday, September 11, 2018 Petronas is interested in developing oil blocks in South Sudan, President Salva Kiir's office says.
Sources: Aramco Plans To Ship First Crude Oil To Malaysia JV Refinery
Tuesday, September 04, 2018 Saudi Aramco plans to deliver the first crude oil cargo to its joint-refinery project with Petronas in Malaysia in October.
Petronas Boosts Payout To Govt After Quarterly Profit Nearly Doubles
Thursday, August 30, 2018 Petronas is looking to expand its core business portfolio and plans to pay the government a higher dividend than earlier promised, its CEO says.
Sources: Saudi Aramco, Malaysia's Petronas Tap Banks for Jumbo Financing
Tuesday, August 07, 2018 Saudi Aramco and Petronas have approached banks to replace a short-term $8 billion loan raised earlier this year for a joint venture with long-term financing of approximately the same size.
LNG Canada Ticking the Boxes Toward Approval, Servicers Say
Thursday, July 12, 2018 A flurry of activity this year in the remote Pacific town of Kitimat, where the facility would be located, has raised optimism that the project will be built.
Sources: Malaysia's Petronas Buys First Ever US Oil Cargo, Due In Sept
Tuesday, July 03, 2018 Petronas has bought its first ever US oil cargo of 1 million barrels of Mars crude.
Saudi Aramco Finalizes Refinery Deal With Malaysia's Petronas
Wednesday, March 28, 2018 Saudi Aramco finalizes a deal with Malaysian state energy company Petronas.
Petronas Says Involved In Proposal To Build Gas Pipeline Extension
Friday, March 23, 2018 Petronas says it is one of the producers involved in TransCanada's proposal to expand a pipeline system.
You Don't Need Asia To Get $12 For Your Liquefied Natural Gas
Tuesday, February 27, 2018 You don't need to send your liquefied natural gas to Asia to get high prices.
Oil's Heavy Hitters Line Up to Dive Into Mexico's Deep Waters
Friday, January 26, 2018 The sale will be Mexico's biggest, in terms of fields and expected investment, since Pemex's monopoly ended in 2013.
Malaysia's Petronas Offers New Bergading Condensate For March
Thursday, January 25, 2018 Petronas has offered 350,000 barrels of new condensate grade Bergading for loading in March, a tender document reviewed by Reuters showed.
After Europe's Gas Market Disasters, LNG May Come to the Rescue
Tuesday, December 12, 2017 After all the craziness in Europe's gas markets this week, some relief supplies may already be on their way from deep in the Russian Arctic.
Petronas Unit Agrees Share Swap With Shell's Africa Operator
Tuesday, December 05, 2017 Petronas' South African unit and Vivo Energy Holding BV agreed to a deal to combine some of their African fuel-retail assets.
Malaysia's Petronas Asked To Exit Myanmar In Protest Of Rohingya Crisis
Wednesday, November 08, 2017 Malaysian members of parliament ask state energy firm Petronas to exit its Myanmar operations.
JERA's New LNG Contract With Petronas Foretells Smaller, Shorter Deals
Wednesday, October 25, 2017 Petronas signs a three-year LNG supply agreement with JERA.
PFI: Petronas, Aramco Seeking $8B For Malaysian Project
Wednesday, October 25, 2017 Petronas and Saudi Aramco are seeking to raise $8B for a refinery and petrochemical complex via a bridge loan, PFI reports.
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.