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KUALA LUMPUR: Petroliam Nasional Bhd’s (Petronas) former president and CEO Tan Sri Shamsul Azhar Abbas is joining MMC Corp as chairman effective July 16.
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.
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.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) expects to rake in a pre-tax profit of RM95bil to RM96bil this year, surpassing last year’s RM89.1bil, helped by a stronger US dollar and oncoming production, group CEO Tan Sri Shamsul Azhar Abbas(pic) said.
IN an environment where oil prices have almost halved to the US$60 level compared to last year and the oil and gas (O&G) sector has lost some of its gloss, it takes guts to embark on becoming a full-fledged O&G service provider.
IT was a town hall meeting that they knew would be different. For the employees of Petroliam Nasional Bhd (Petronas) who started trickling into the Kuala Lumpur Convention Centre on Monday at about 3pm, they wanted to hear directly from the head honchos on the company’s future direction. And it was not just about oil prices but also the future of the president.