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Business 22 Jul 2016 | 12:00 AM

Petronas awards first PSC this year to Thai, Kuwaiti firms

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.

Business 07 Apr 2016 | 12:00 AM

Petronas says it has zero-tolerance policy on bribery, corruption

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.

Business 07 Oct 2013 | 8:47 AM

CIMB Research maintains Overweight on oil and gas sector

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.

Business 12 Sep 2013 | 6:22 PM

Petronas: No plans to discard Brent-based pricing method

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has clarified that it has no plans to discard the Brent-based pricing mechanism.

Business 27 Mar 2014 | 5:01 PM

Petronas expects IOR, EOR projects to contribute 150,000bpd

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.

Business 04 Apr 2014 | 4:29 PM

Petronas awards small risk field service job to EQ Petroleum, Uzma

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.

Business 21 Nov 2012 | 12:00 AM

Petronas proposes public offering if succeeds in Canada's Progress Energy takeover

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.

Business 26 Nov 2012 | 12:00 AM

Petronas makes 2 big gas discoveries offshore Sarawak

Petroliam Nasional Bhd has made two major gas discoveries offshore Sarawak with total gas-in-place of 4.4 trillion standard cubic feet (tscf).

Business 29 Nov 2012 | 12:00 AM

Malaysia's Petronas Q3 earnings slump to RM12.4b

Petroliam Nasional Bhds net profit fell 21.9% to RM12.44bil for the third quarter ended Sept 30 while revenue declined at a slower pace of 4.87% to RM68.3bil from a year ago.

Business 10 Dec 2012 | 12:00 AM

Petronas unveils growth O&G plans in Canada after US$5.3b Progress takeover cleared

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.