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Business 23 May 2009 | 12:00 AM

Terengganu has some bold targets amidst much scepticism

IT ought to be one of the country's greatest paradoxes - that oil and gas rich state Terengganu is one of the country's poorest states. And the main culprit is without a doubt the political wrangling over the state's major lifeline - oil royalties - and the cloak of uncertainty over its disbursement and utilisation.

Business 29 Nov 2014 | 12:00 AM

Petronas cuts capex

PETROLIAM Nasional Bhd’s (Petronas) announcement of its third-quarter results comes at a delicate time, considering that it is being watched by all and sundry.

Commodities 05 Sep 2017 | 12:00 AM

Sarawak to set up own oil company amid ongoing talks with Petronas

PETALING JAYA: The Sarawak state government is going ahead with plans to set up its own oil exploration company called Petroleum Sarawak (Petros), which will be wholly owned by the state, despite the low oil price environment.

Business 18 Jul 2018 | 12:00 AM

Near-term uncertainties remain in oil and gas sector

PETALING JAYA: While the reduced volatility in crude oil prices may boost capital expenditure (capex), near-term uncertainties remain in the local oil and gas (O&G) sector, said UOB Kay Hian Research.

Corporate News 01 Jul 2016 | 5:53 PM

Sumatec to pay RM818mil for full ownership of Kazakh oil concession

KUALA LUMPUR: Sumatec Resources Corp Bhd, which is entitled to only half of the profits from the the Rakushechnoye oil and gas field in Kazakhstan as its designated operator. plans to take full control by buying the concession owner for US$205mil (RM817.95mil).