Petronas to beef up exploration and production in next three years
This includes maintaining domestic output at close to two million barrels of oil equivalent a day between 2026 and 2028 Malaysia’s state energy firm Petronas said on Thursday (Jan…
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Petronas
Petronas names new COO following Sarawak gas dispute: report
The company has also been struggling with declining profits and last year announced it was cutting around 10% of its workforce Petroliam Nasional (Petronas) has appointed Mohd Jukris Abdul…
Petronas seeks court clarity on Sarawak operations in gas licensing dispute
Malaysia’s state energy company Petroliam Nasional Berhad (Petronas) said on Monday (Jan 12) it has filed a motion at the country’s top court seeking clarity on the legal and regulatory…
Malaysia's Petronas signs LNG supply deal with China's CNOOC
Malaysian state-owned energy firm Petroliam Nasional said on Wednesday (Dec 24) it would supply Chinese offshore oil and gas company CNOOC with 1 million metric tons per annum of liquefied…
Eni, Petronas merge Indonesia, Malaysia assets in joint venture
The new entity, NewCo, will manage 19 assets, 14 in Indonesia and five in Malaysia Italy’s Eni and Malaysia’s state energy company Petronas said on Monday (Nov 3) they had signed a binding…
Petronas reaffirms gas supply commitments after Malaysian court win
Shell Malaysia says that Shell MDS respects and will comply with the ruling of the Court of Appeal on the matter Malaysian state energy firm Petronas said on Wednesday (Sep 24) that it…
Petronas delivers first local sustainable aviation fuel to Malaysia Airlines
The announcement comes as the country looks to build domestic production, blending, and supply of SAF Malaysia’s state energy firm Petroliam Nasional Berhad, or Petronas, said on Friday…
South-east Asia set to export surplus biofuels to Europe, Petronas executive says
South-east Asia is positioned to export biofuels to other markets such as Europe as production capacity exceeds demand in the region, a senior executive with Malaysian state oil and gas…
Malaysia's Petronas says it will undergo 'strategic transformation' as H1 profit falls
Malaysian state energy firm Petroliam Nasional Bhd (Petronas) said on Friday (Aug 29) that it was undergoing a ‘strategic transformation’ to tackle operational challenges after reporting…
Petronas yet to finalise gas deal with Sarawak, says minister
The national oil firm runs one of the world’s biggest liquefied natural gas terminals in the Borneo state, which holds the largest gas reserves in Malaysia Petroliam Nasional…
Malaysia’s Petronas to boost international portfolio to 60% over next decade
The firm will build on its current international portfolio by integrating its domestic expertise with global partnerships Malaysia’s state energy firm Petronas plans to raise the…
Petronas said to seek US$1 billion for Rio oil field stake sale
Malaysia’s Petroliam Nasional Berhad is working with Bank of America to sell its 50 per cent stake in the Brazilian oil field Tartaruga Verde, according to sources familiar with…
Malaysia’s Petronas to cut more than 5,000 jobs after profits slump
The state-owned oil firm will also freeze promotions and hiring until December 2026 — The company will reduce headcount by more than 5,000…
Petronas is said to weigh sale of US$7 billion Canada business
Lower oil prices have hit the company, which reported a slide of more than 30% in net income in 2024 and announced job cuts that will start taking place this year Petroliam…
Malaysia’s Petronas aims for China, Vietnam expansion while seeking long-term LNG supply
Malaysia’s Petroliam Nasional, or Petronas, aims to expand its liquefied natural gas (LNG) sales into markets such as China and Vietnam while also looking to secure more long-term supply…
Malaysia's Petronas and Commonwealth LNG in talks for term supply
Petronas is in talks to buy at least one million metric tons per annum (mtpa) of LNG from Commonwealth LNG Malaysian state-owned oil and gas firm Petroliam Nasional, or Petronas,…
Malaysia’s Petronas to ‘rightsize’ workforce to ensure survival: reports
MALAYSIA’S state energy firm Petronas will “rightsize” its workforce to ensure its long-term survival amid increasing challenges in the global operating environment, local media reported…
Malaysia’s Petronas to cut jobs to ensure survival: reports
MALAYSIA’S state energy firm Petronas will reduce its workforce to ensure its long-term survival amid increasing challenges in the global operating environment, local media reported on…
Abu Dhabi’s Adnoc signs 15-year LNG supply deal with Malaysia’s Petronas
ABU Dhabi National Oil Co (Adnoc) agreed to sell liquefied natural gas to Malaysia’s Petronas for 15 years starting 2028, expanding the Middle East company’s efforts to become a major…
Petronas’ exploration in South China Sea will continue, Malaysia PM says
MALAYSIA’S Prime Minister Anwar Ibrahim on Tuesday (Oct 15) reiterated that state energy firm Petronas will continue to conduct oil and gas exploration activities in Malaysia’s exclusive…
Malaysia’s Petronas to supply gas to Sabah Electricity
MALAYSIA’S Petronas will supply gas to Sabah Electricity for power generation in the regions of Sabah and Labuan, the state-owned energy firm said on Tuesday (Oct 1). Under a five-year…