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KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has awarded its first production sharing contract (PSC) of the year to units of Thai state-owned PTT Exploration and Production Public Co Ltd (PTTEP) and Kuwait Petroleum Corp (KPC) for exploration Block SK410B located offshore Sarawak.
PETALING JAYA: Petroliam Nasional Bhd (Petronas), responding to media reports of alleged improprieties in procedures of awarding contracts for its operations in Iraq, said it has a zero-tolerance policy on bribery and corruption.
KUALA LUMPUR: CIMB Equities Research is maintaining its Overweight recommendation on Malaysia’s oil and gas sector, underpinned by the strong contract pipeline arising from Petroliam Nasional’s capex.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has clarified that it has no plans to discard the Brent-based pricing mechanism.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) expects the implementation of improved oil recovery (IOR) and enhanced oil recovery (EOR) projects to contribute 150,000 barrels per day (bpd) to the domestic production by 2020.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has awarded a small field risk service contract to EQ Petroleum Developments Malaysia Sdn Bhd (EnQuest) and Uzma Energy Venture (Sarawak) Sdn Bhd to develop the Tanjong Baram field, about 6km off Sarawak.
Petroliam Nasional Bhd (Petronas) has proposed a public offering of shares in Progress Energy Resources Corp if it gets the Canadian government's approval for its US$5.2bil takeover, Bloomberg reported.
Petroliam Nasional Bhd has made two major gas discoveries offshore Sarawak with total gas-in-place of 4.4 trillion standard cubic feet (tscf).
Petroliam Nasional Bhd (Petronas) has unveiled three investment components in Canada which would involve building a pipeline and facilities after it cleared the last obstacle to the US$5.3bil takeover of Progress Energy Resources Corp.