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Petronas, Aramco launch corporate identity for JV

May 15, 2018

Petroliam Nasional Berhad (Petronas) the national oil company of Malaysia and Saudi Aramco have launched PRefChem the corporate identity for their joint ventures in the Pengerang Integrated Complex (P... View more

Aramco, Petronas form 2 Rapid project JVs

March 29, 2018

Petroliam Nasional Berhad (Petronas) the national oil company of Malaysia and Saudi Aramco the national oil company of Saudi Arabia have announced the formation of two joint ventures for the Refinery ... View more

Saudi Aramco, Petronas eyeing $1.7bn Daewoo E&C stake

October 24, 2017

Leading international giants in the energy and construction sector such as state-run Saudi Aramco; China State Construction Engineering Corporation (CSCEC) and Malaysian energy giant Petronas are amon... View more

Fluor awarded contract for Petronas Isononanol Chemical Plant in Malaysia

August 8, 2017

Fluor Corporation has been awarded an engineering procurement and construction management (EPCM) contract by Petronas Refinery and Petrochemical Corporation for an isononanol plant located in Pengeran... View more

ULC to distribute Petronas engine oils in Saudi Arabia

April 23, 2017

Petronas a leading oil and gas company in Malaysia has signed an agreement with Saudi Arabia s Unified Lubricants Company (ULC) for the exclusive distribution of its high-quality engine oils and other... View more

Aramco, Petronas sign project SPA

March 6, 2017

Saudi Aramco and Petroliam Nasional Berhad (Petronas) have signed a share purchase agreement (SPA) allowing Saudi Aramco s equity participation in Petronas Refinery & Petrochemical Integrated Developm... View more

Aramco, Petronas sign Malaysia project SPA

February 28, 2017

Saudi Aramco and Petroliam Nasional Berhad (Petronas) today signed a share purchase agreement (SPA) allowing Saudi Aramco s equity participation in Petronas Refinery & Petrochemical Integrated Develop... View more

Petronas to cut 2017 output

December 26, 2016

Malaysia s state oil firm Petroliam Nasional Bhd will trim crude output by up to 20 000 barrels per day (bpd) in 2017 down about 3 per cent from this year s estimated production honouring the country ... View more

Saudi firm signs distribution deal with Malaysia's Petronas

December 15, 2016

Saudi Arabia-based Unified Lubricants Company (ULC) has signed an agreement with Petronas Lubricant International (PLI) an industry giant owned by the Malaysian government for the exclusive distributi... View more

Petronas weighs project exit

October 10, 2016

Malaysian state oil firm Petroliam Nasional Bhd is considering selling its majority stake in a 27 billion Canadian liquefied natural gas (LNG) plant three people familiar with the matter said this wee... View more

Petronas’ net slumps outlook

August 29, 2016

Malaysian state-owned oil firm Petroliam Nasional Bhd (Petronas) said low oil prices dragged quarterly profit down 85 per cent and labelled the industry outlook gloomy well into 2017. Petronas has see... View more

Petronas faces delays

March 28, 2016

A major liquefied natural gas export project in Canada ran into another delay when the federal environmental assessment agency was granted an extra three months to finish an impact study. Ottawa did t... View more

Petronas may need to borrow

March 7, 2016

Malaysian state oil company Petronas said it may have to borrow or tap into reserves to meet this year s dividend commitment and fund reduced spending after it posted a quarterly loss on weak oil pric... View more

Petronas projects dismal outlook

February 1, 2016

When Malaysian oil giant Petronas announced sharp spending cuts and described a dismal outlook this week it was confirmation for millions that they will struggle to make ends meet this year amid high ... View more

Petronas lifts output, but forsees rocky ride

September 21, 2015

The company s CEO says it will have to persevere throughout with more austerity measures and draw on its cash reserves as it does not expect its cash flow from operations this year to meet its capex a... View more

Petronas net profit falls 47pc

August 24, 2015

Malaysia s Petroliam Nasional Bhd (Petronas) said cash from operations will cover neither capital expenses nor committed dividends for 2015 forcing the state-owned oil firm to draw on reserves and fur... View more

Petronas nod for Canada project

June 22, 2015

A consortium led by Petronas Malaysia s state energy firm said that it will move forward with its Pacific NorthWest LNG project in British Columbia on the condition that it is approved by Canada s env... View more

Petronas Q1 net profit falls 39pc

June 1, 2015

Malaysian state-owned oil firm Petronas posted a 39 per cent drop in first-quarter net profit on lower crude prices but a mild rebound in oil helped earnings bounce from the previous quarter when it m... View more

Petronas Q3 profit falls 12.4pc

December 4, 2014

Petroliam Nasional Bhd (Petronas) Malaysia s state oil company reported a 12.4 per cent fall in third-quarter profit on weakness in oil prices the US dollar and liquefied natural gas (LNG) sales. Net ... View more

Petronas buys Shah Deniz stake

October 16, 2014

Statoil Norway s biggest energy company will sell its 15.5 per cent stake in the Shah Deniz field in Azerbaijan to Malaysia s Petroliam Nasional for 2.25 billion as it seeks to reduce investment and p... View more

Plant may be delayed: Petronas

October 9, 2014

Malaysian state-owned energy company Petronas said it could delay its planned 11 billion liquefied natural gas plant on Canada s Pacific Coast by up to 15 years unless it can reach a favourable tax de... View more

Petronas: strengthening its operations across the globe

September 16, 2014

PETROLIAM Nasional Berhad (Petronas) is one of the leading oil and gas companies in the world. The company undertakes the exploration development production refining storage transportation and distrib... View more

Petronas to sell stake

February 27, 2014

Malaysia s Petronas has agreed to sell a 25 per cent stake in its Canadian shale gas assets to an Indian company the state firm s president and chief executive Shamsul Azhar Abbas said. Petronas is lo... View more

Petronas hits oil at KBM field

January 19, 2014

First production from the offshore Kapal Banang and Meranti Cluster fields offshore peninsular Malaysia began under a Risk Service Contract Malaysia s state-owned Petronas said. The initial production... View more

Petronas seeks higher prices

December 19, 2013

Malaysia s Petronas is seeking higher prices for the 2 million tonnes of liquefied natural gas (LNG) a year it supplies to South Korea s Korea Gas Corp (Kogas) Petronas sources said. The Petronas cont... View more

Petronas shale spend at $35bn

October 10, 2013

Malaysia s state oil firm Petronas plans to spend 35 billion to develop shale gas assets in Canada and build a liquefied natural gas (LNG) export terminal linking the country to energy hungry Asian ma... View more

Petronas exiting Venezuela JV

September 12, 2013

Malaysian oil company Petronas said it is exiting one of the biggest petroleum projects in Venezuela s Orinoco belt after what sources close to the venture and within the firm said were disagreements ... View more

Petronas delays $19bn project

August 4, 2013

State oil firm Petronas will start up a refinery within its 19 billion petrochemicals complex in Malaysia at end 2017 the company told Reuters signalling a delay in the country s largest-ever infrastr... View more

Petronas aims to boost output

April 21, 2013

Petroliam Nasional Bhd (Petronas) aims to further develop more challenging fields in a sustainable process that will help boost oil output in the face of dwindling reserves and growing demand the 2012... View more

CNPC Petronas eye Angola bids

April 11, 2013

China National Petroleum Corp and Malaysia s Petronas are considering bids for Marathon Oil Corp s stakes in two Angolan offshore oil and gas fields people familiar with the matter said. This would be... View more

Japex eyes Petronas project

March 10, 2013

Japan Petroleum Exploration (Japex) is taking a 10 per cent stake in an integrated shale gas development and liquefied natural gas (LNG) project being planned by Malaysia s Petronas in Canada s Britis... View more

CNOOC, Petronas deals okayed

December 13, 2012

Canada approved China s biggest foreign takeover the 15.1 billion bid by CNOOC for energy company Nexen but drew a line in the sand against future acquisitions by foreign state-owned enterprises. In a... View more

Petronas bid blocked

October 24, 2012

Canada has blocked Malaysian state oil firm Petronas C 5.17 billion ( 5.2 billion) bid for gas producer Progress Energy Resources in a surprise move that could signal problems for a much larger Chines... View more

Petronas sees LNG production rising

September 26, 2012

National oil and gas corporation Petronas proposed RM10 billion ( 3.25 billion) liquefied natural gas (LNG) processing module at the Petronas LNG Complex in Bintulu will produce an additional 3.6 mill... View more

Petronas Q2 profit falls 30pc

September 13, 2012

Malaysia s Petronas Nasional posted a 30 per cent drop in second-quarter net profit on softer crude oil prices and a production standstill in southern Sudan and warned the government its major shareho... View more

Petronas raises Progress bid

August 6, 2012

Malaysia s state oil company will raise its bid for Canadian natural gas producer Progress Energy Resources by 8 per cent to fend off a rival offer and Progress shares surged on expectations of a bidd... View more

Petronas bids for Progress

July 9, 2012

Malaysia s state oil company launched a C 4.8 billion ( 4.7 billion) takeover of its Canadian joint-venture partner Progress Energy Resources to gain control of vast shale gas reserves and advance pla... View more

Petronas to decide on floating LNG project by June

June 3, 2012

Malaysia s Petronas is targeting a final investment decision by June for its floating LNG (FLNG) liquefaction project offshore Sarawak. When operational the 1 million tonnes per year (mtpy) FLNG1 proj... View more

Petronas: poised for growth through strategic deals

June 3, 2012

Having reported improvement in its financial performance and liquidity for financial year (FY) 2011 Petroliam Nasional Berhad (Petronas) is poised for growth through its development projects strategic... View more

Petronas profit declines 34pc

March 12, 2012

Malaysia s state oil firm Petroliam Nasional Bhd (Petronas) posted a 34 per cent decline in third-quarter profit saying the fall was mainly due to a one-off gain in 2010 from the listing of subsidiari... View more

Petronas eyes petchem tie-ups

December 29, 2011

Petronas is in talks with several global oil majors including Shell and ExxonMobil to develop petrochemical plants within its 20 billion refinery complex in southern Malaysia two sources with direct k... View more

Petronas sees new gas in 2013

August 28, 2011

State oil and gas firm Petronas will develop a 5.1 billion gas project at discovered fields off Malaysia s east coast with first delivery in two years helping to bolster the country s slowing output a... View more

Petronas CEO takes a walk on the unconventional side

June 13, 2011

PETRONAS 1.1 billion bet on Canadian shale gas will finally push its CEO Shamsul Azhar Abbas out from the shadow of his predecessor Hassan Merican whose reputation stands as tall as Malaysia s Petrona... View more

Thai Oil, Petronas at full tilt

May 30, 2011

In the coastal Thai city of Sriracha Thai Oil s 275 000-barrel-per-day refinery is running at full capacity because long-term demand is expected to jump following Japan s earthquake. Southeast Asia s ... View more

Petronas oil and gas discoveries come at right time for Malaysia’s upstream push

May 30, 2011

IT HAS been quite a while since we last heard Petroliam Nasional Bhd (Petronas) and its production sharing contractors announcing new major discoveries of oil and gas in Malaysian waters. Its announce... View more

Petronas plans refining boost

May 23, 2011

Malaysia s state-run Petronas plans a 20 billion refinery and petrochemicals complex to boost the country s refining capacity by half and help it compete in a booming Asian market. In the country s bi... View more

Petronas plans $91bn capex over 5 years

March 7, 2011

Malaysia s Petronas could spend up to 275 billion ringgit ( 90.6 billion) over the next five years as the state oil giant seeks to boost its stable of high-yielding oil assets and secure profit growth... View more

Petronas set to raise up to $4.8bn in chemical unit’s IPO

November 29, 2010

PETRONAS the state-owned oil and gas group is on course to raise as much as 4.8 billion from an initial public offering (IPO) of shares in its newly formed chemicals subsidiary well over twice the ini... View more

Petronas targets local operations

October 11, 2010

Malaysia s state oil firm Petronas said it will focus more on domestic operations but played down plans to further divest assets overseas. Petronas officials said the company would spend 2 billion to ... View more

Petronas ‘keen to expand’ investments in Indonesia

April 26, 2010

MALAYSIAN state oil and gas company Petronas plans to expand its investments in Indonesia including in the upstream sector Coordinating Minister for the Economy Hatta Rajasa says. They expressed a com... View more

Petronas ships petrol from Reliance to Iran

February 22, 2010

Malaysia s state oil firm Petronas is shipping a gasoline cargo produced by Reliance into Iran despite the Indian refiner instructing traders not to supply its fuel to Tehran trade sources said. Relia... View more

Amarinth provides pumps for Petronas

July 26, 2009

Amarinth a leading company specialising in the design application and manufacture of centrifugal pumps and associated equipment to the chemical and petrochemical industries has recently completed its ... View more

Petronas signs agreement for Uzbek GTL project with UNG and Sasol

May 24, 2009

Petronas signed a Heads of Agreement (HOA) with Uzbekistan s national oil and gas company Uzbekneftegaz (UNG) and Sasol Ltd of South Africa making further progress on the development and implementatio... View more

Petronas keen to drill for gas

June 30, 2008

Petroliam Nasional Bhd (Petronas) Malaysia s state oil company is seeking to drill for gas in an area in Natuna Sea after Indonesia cancelled Exxon Mobil Corp s rights to explore for the fuel there. T... View more

Petronas delays Iran LNG project decision

June 15, 2008

High development costs are forcing Malaysia s national oil firm Petronas to delay its final decision on investing in Iran s multi-billion dollar Pars LNG project as the deadline looms its chief said. ... View more

ExxonMobil and Petronas renew offshore PSC

May 18, 2008

THE US major ExxonMobil and Malaysia s state-controlled Petronas have agreed to renew a production sharing contract (PSC) covering seven fields offshore Malaysia. Under a preliminary deal the partners... View more

Petronas upbeat on Morocco exploration

May 11, 2008

After four years drilling off the Moroccan coast Malaysian state energy firm Petronas is optimistic it will find commercially viable reserves of oil and gas the company said. Morocco is the only Maghr... View more

Petronas, Shell and Conoco in gas deal

January 6, 2008

Malaysian state oil and gas firm Petronas has awarded a production sharing contract to Royal Dutch Shell and ConocoPhillips to explore natural gas in eastern Malaysia. Under the deal Petronas s explor... View more

Petronas keen on Jizan refinery role

August 23, 2007

Malaysian state oil and gas firm Petronas is keen on taking a role in Saudi Arabia s Jizan oil refinery chief executive Hassan Marican said. The refinery is to be part of an economic city in the impov... View more

Petronas posts record $12.9bn net earnings

July 8, 2007

Malaysian state oil firm Petroliam Nasional Bhd (Petronas) has notched up another record profit and paid a whopping dividend to a government expected to call a general election within months. Malaysia... View more

$6.7bn profit for Petronas

December 3, 2006

Malaysian state oil firm Petroliam Nasional (Petronas) reported a 6.7 per cent increase in total production in April-September with a 12 per cent rise in gas output outweighing flat crude oil producti... View more

Quit orders blow to Petronas, Chevron

September 3, 2006

Chad ordered Chevron and Petronas to leave the country for failing to honour tax obligations a move apparently aimed at increasing control over its oil output. The representatives of Chevron and Petro... View more

Petronas posts $11.6bn profit

July 8, 2006

Malaysia s state energy firm Petroliam Nasional Bhd (Petronas) has reported a jump of 23 per cent in 2006 full-year profit spurred by soaring crude oil prices and strong demand. It was another record-... View more

Petronas pushes for Aramco links

February 5, 2006

Malaysia has signed business proposals worth more than 500 million with Saudi Arabia but had its eye on something bigger oil. Prime Minister Abdullah Ahmad Badawi asked King Abdullah visiting Kuala Lu... View more

Petronas counts gas subsidy cost

July 11, 2005

Malaysian energy firm Petronas said that gas price subsidies to the country s power producers had cost it 25.5 billion ringgit ( 6.7 billion) in revenue since they were introduced in May 1997. Petrona... View more

Petronas keen on Iraq oil projects

June 19, 2005

Malaysia s state oil company Petroliam Nasional Bhd (Petronas) said it was in talks with Iraqi officials about how it could help develop the country s war-battered oil industry. Petronas is expanding ... View more

Petronas blow to $2bn Iran project

May 28, 2005

Malaysia s Petronas has withdrawn its 20 per cent stake in a 2 billion liquefied natural gas (LNG) project in Iran an official was quoted as saying. Petronas officials have officially announced their ... View more

Petronas in deal with Indonesians

March 6, 2005

Malaysia s national oil firm Petronas is likely to become a major supplier of LNG to power plants on Java island in a move that would boost its presence in Indonesia a report has said. Petroliam Nasio... View more

Petronas cash boost set to fuel global expansion

November 16, 2004

Mala-ysia s state oil company Petroliam Nasional Bhd has reported a 66 per cent rise in half-year operating cash flow as rocketing oil prices gave it more firepower to spend on an ambitious global exp... View more

Petronas plans plant

May 15, 2004

Malaysian state-owned oil company Petronas has plans to build a lube oil plant in Indonesia and has also initiated a host of other development plans. Petronas started selling lube oil in Indonesia in ... View more

Petronas revenues surge 21pc

July 6, 2003

Malaysian state oil company Petroliam Nasional Bhd (Petronas) said annual revenues surged 21 per cent to a record but earnings grew just four per cent due to a higher tax bill and slim refining margin... View more

Kogas to sign deal with Petronas

May 11, 2003

State-run Korea Gas Corp (Kogas) will sign a final term contract with Malaysia s state-run oil firm Petronas for an annual supply of up to two million tonnes of LNG from this year. Kogas the world s s... View more

Petronas spends $2bn in foreign acquisition spree

May 3, 2003

Driven by a burning ambition to be big beyond Malaysia national oil company Petronas has announced overseas acquisitions worth close to 2 billion as analysts spied chances of more to come. Petronas an... View more

Petronas profits slump 7pc

December 10, 2002

Malaysia s Petroliam Nasional Bhd (Petronas) showed a net profit of 8.27 billion ringgit ( 2.18 billion) in the six months to September 30 down around seven per cent from last year. The Fortune 500 fi... View more

Petronas in diversification drive from core businesses

December 10, 2002

Since the 1997/98 recession state-owned oil company Petronas has been bent on a drive to diversify foraying into property development and shipping for instance. Analysts however wonder whether the For... View more

Petronas still keen on SRC

June 17, 2002

Malaysia s state-run oil company Petronas has said it was still interested in picking up BP s one-third stake in Singapore Refining Company (SRC) if the opportunity arises. It s common knowledge that ... View more

Petronas in Bahrain debut

April 29, 2002

Malaysian national petroleum corporation Petronas has opened an office in Bahrain its first in the Arab Gulf region as part of its ongoing global strategy. We are committed to a long-term presence in ... View more

Petronas and Conoco to buy Statoil Malacca stake

April 2, 2001

Malaysia s Petronas and US oil corporation Conoco have signed a memorandum of understanding (MoU) with Statoil to acquire the latter s 15 per cent share of the joint venture Malaysian Refinery Co (MRC... View more



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