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EVERYBODY knows that national oil company Petroliam Nasional Bhd (Petronas) has been losing its clout in Sarawak in the last few years. It came to light in 2016 when Sarawak issued a moratorium on all new applications for work permits for staff outside the state, including Petronas.
A clearer picture will emerge on the impact that the almost 50% drop in the price of crude oil over the last six months has had on the coffers of the Federal Government when Petroliam Nasional Bhd (Petronas) unveils its next quarterly results.
JOHOR, Malaysia/JAKARTA: On the southernmost edge of the Asian landmass and on the shores of the busy shipping lanes of the Singapore Strait, Malaysia's Petronas is starting up a state-of-the art petroleum processing hub, called RAPID
PETALING JAYA: Petroliam Nasional Bhd (Petronas) is set to become the second-largest partner in LNG Canada after striking a deal to buy 25% in the liquefied natural gas (LNG) project in Kitimat, British Columbia, Canada. It will become second-largest partner in the project
PETALING JAYA: Petroliam Nasional Bhd (Petronas) has painted a sombre picture of the oil and gas (O&G) industry, stating that the requirement for assets such as rigs would be halved from three years ago.
COST-CUTTING measures have helped lift Petroliam Nasional Bhd (Petronas) to sail through the storm from the heavy beating it has taken from the plunge in the price of crude oil since September 2014.
PETALING JAYA: Petroliam Nasional Bhd (Petronas) could incur an impairment charge of about C$632mil (RM2.16bil) following its decision to abort the proposed C$36bil (RM124bil) Pacific NorthWest liquefied natural gas (LNG) project in western Canada.