Tag Archives: PETRONAS

Italy’s energy giant Eni and Malaysian state oil and gas firm Petronas are combining their upstream assets in Indonesia and Malaysia in a new, equally-owned joint venture, the Italian company said on Monday. The newly-created joint venture, which will operate as a separate self-sufficient financial entity, plans to invest $15 …

Liquefied natural gas has once again become trendy. After several years under attack from environmentalists, even the EU has accepted that natural gas, in whatever form it can get it, is going to stay in the energy mix for quite a while yet. The U.S. is building new export capacity …

Malaysia’s national energy giant Petronas booked lower revenues and profits amid falling oil prices and a challenging macro and operational environment, which also led to a 3% decline in first-half oil and gas production. Petronas reported a 24% decline in revenues and a 19% drop in profit after tax, due …

Exxon and Malaysia’s state-run Petronas will extend exploration for a gas discovery off the coast of Suriname, the country’s national oil company, Staatsolie, said on Monday. Eyeing a repeat of the huge oil and gas success in the same basin offshore Guyana, explorers in Suriname are also reportedly considering a …

Eni, Euglena, and Petronas will jointly study the possibility of developing and operating a biorefinery in the Pengerang Integrated Complex (PIC) in Malaysia. The three parties are currently carrying out technical and economic feasibility assessments for the proposed project, with the investment decision expected to be reached by 2023 and …

Lukoil has concluded a deal for acquiring 15.5 percent interest in the Shah Deniz gas project in the Caspian Sea from Malaysian giant Petronas. Russian oil and gas company Lukoil has concluded a deal for acquiring 15.5 percent interest in the Shah Deniz gas project in the Azerbaijan part of …

The Abu Dhabi National Oil Company (ADNOC) plans to collaborate with Malaysian oil and gas company Petronas. Under the deal the pair will jointly explore opportunities to collaborate in the production of conventional and unconventional hydrocarbon resources in Abu Dhabi, ADNOC said in a statement carried by WAM, the official …

ExxonMobil subsidiary ExxonMobil Exploration and Petronas Suriname Exploration & Production (PSEPBV) have discovered hydrocarbons offshore Suriname. The companies have discovered hydrocarbons at the Sloanea-1 exploration well on Block 52. Drilled by operator Petronas, the latest discovery is being examined to determine the well’s resource potential. Block 52 covers an area …

Aramco is leaning on business partners and friendly governments to help achieve its preferred valuation of US$2 trillion.

Renewable energy investment in the Asia-Pacific region will overtake spending on oil and gas exploration by 2020.