Lukoil to Buy Petronas’ Shah Deniz Field Stake for $2.25B
Russian oil and gas company Lukoil has agreed to acquire a 15.5% stake in the Shah Deniz offshore gas field in the Azerbaijan sector of the Caspian…
Massive blast at Johor Petronas facility felt in Singapore
The impact from an explosion at a Petronas oil and gas facility in Pengerang, Johor, in the early hours of Friday (April 12), was felt…
PETRONAS records improved 1H performance
PETRONAS today announced improved earnings for the first half of 2018, driven by the Group’s execution of its continuous business improvement initiatives coupled with increased…
Shell completes Malaysia LNG Tiga equity sale
Shell Gas Holdings (Malaysia) Limited, a subsidiary of Royal Dutch Shell plc, announced today that it has completed the sale of its 15% shareholding in…
Petronas to join LNG Canada
PETRONAS announced that its wholly-owned entity, the North Montney LNG Limited Partnership, has entered into a Purchase and Sales Agreement for an equity position in…
Petronas delivers first LNG cargo to South Korean Oil Refining Company
PETRONAS, through its subsidiary, PETRONAS LNG Ltd. (PLL) successfully delivered its first Liquefied Natural Gas (LNG) to South Korean Oil Refining Company, S-OIL Corporation, on…
PETRONAS, Saudi Aramco announce formation of their two new joint ventures in Malaysia
Petroliam Nasional Berhad (PETRONAS), the national oil company of Malaysia, and Saudi Aramco, the national oil company of Saudi Arabia, are pleased to announce the…
Petronas invested more than $4bn in projects in Azerbaijan
Azerbaijan is geographically distant from Malaysia, but it is not an obstacle for companies of the two countries to actively cooperate and make investment. In…
Gazprom Neft, OMV, Petronas Proposals for Developing Iran Field
Russia’s Gazprom Neft, Austria’s OMV and Malaysia’s Petronas companies presented their proposed development plans for Iran’s Cheshmeh Khosh oil project. The proposals were explained at…