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Commodities 12 Jun 2017 | 12:00 AM

Sarawak to set up oil and gas exploration company

KUALA LUMPUR: The Sarawak government is planning to establish a state-owned offshore oil and gas exploration company in order to participate in the industry, said Chief Minister Datuk Amar Abang Johari Tun Openg.

Business 01 Nov 2016 | 12:00 AM

GE to merge oil and gas business with Baker Hughes

BENGALURU: General Electric Co (GE), banking on a recovery in oil prices, said it would merge its oil and gas business with No. 3 oilfield services provider Baker Hughes Inc.

Nation 10 Aug 2016 | 8:40 AM

How plummeting global oil prices affect Malaysia’s oil and gas cities

KUALA LUMPUR: The oil and gas industry has dominated Miri’s economy since Malaysia’s first oil rig was built there in 1910, and many young Miri-ans grow up expecting a career in the industry.

Nation 19 Jan 2013 | 12:00 AM

Rich deposits of crude oil and gas discovered in Sarawak’s inland areas

MIRI: Rich deposits of crude oil and gas have been discovered in the vicinity of Miri City in northern Sarawak – the first time in 24 years that “black gold” has been found in such a sizeable volume in the inland areas of Malaysia.

Nation 09 Dec 2013 | 12:00 AM

Malaysia’s first oil and gas terminal to open soon

KOTA KINABALU: The country’s first integrated oil and gas terminal is set to be operational by early next year after undergoing several months of a commissioning process.

Nation 24 May 2017 | 12:00 AM

Oil and gas industry boosting country’s coffers

PETALING JAYA: The oil and gas industry contributed 14.5% of the country’s gross domestic product (GDP) and 14.7% to the Government’s revenue last year.

News 05 May 2017 | 12:00 AM

Malaysian firms promote products at oil and gas trade expo in Houston

SIXTEEN Malaysian companies from the oil and gas industry including small and medium enterprises (SMEs) and large corporations such as Petronas took part in the Offshore Technology Conference (OTC) 2017 in Houston, the US.

Business 19 Dec 2016 | 12:00 AM

Subdued but improving oil and gas industry in 2016

KUALA LUMPUR: The oil and gas industry endured another challenging year in 2016 as the global supply glut continued to haunt the market, pushing global crude oil prices to their lows.

Business 13 Nov 2015 | 12:00 AM

Malaysian oil and gas players earnings at risk

PETALING JAYA: Petroliam Nasional Bhd’s (Petronas) poor performance and sober prediction for the oil and gas industry next year spell a challenging outlook for the industry players with earnings at risk. Analysts are underweight on the sector for 2016, with some pointing out that preservation of cashflow would be key as Petronas cuts down on its spending.

Community 20 Jan 2013 | 12:00 AM

Explore Baram interior for oil and gas reserves

MIRI: Petronas and Nippon Oil have been urged to extend the exploration for oil and gas into the deep interior of Baram.