Petronas News

 

Petronas, MOL Sign Liquefied CO2 Shipping MoU

Feb 09, 2022

Malaysia's state energy firm Petronas said on Wednesday it has signed an agreement with Japanese shipping company Mitsui O.S.K Lines (MOL) to explore opportunities in liquefied carbon dioxide (CO2) shipping in Asia Pacific and Oceania regions…

Malaysia Bid Round 2022: Petronas Offers Exploration Blocks, Discoveries, Late-life assets

Jan 27, 2022

Malaysia's state energy firm Petronas said it was offering 14 offshore exploration blocks, six clusters of discovered resource opportunities (DRO), and one cluster of late-life assets (LLA) in its annual bid exercise launched on Thursday.The…

Petronas' FLNG Satu Delivers 50th LNG Cargo

Oct 05, 2021

Malaysian oil and gas firm Petronas said Tuesday its floating LNG Unit Satu had delivered its 50th LNG cargo.'The milestone cargo was successfully loaded on September 25, 2021, onto the Seri Cemara LNG carrier operated by MISC Berhad for shipment to Taiwan…

Petronas Says Delivers Maiden Carbon Neutral LNG Cargo

Aug 18, 2021

Malaysian oil and gas company Petronas said Wednesday it had delivered its first carbon neutral liquefied natural gas (LNG) cargo to Shikoku Electric.The cargo was delivered from the Petronas LNG Complex (PLC) in Bintulu and was received Tuesday at the Sakaide LNG terminal in Shikoku Island…

Petronas Moves Forward on Carbon Capture and Storage Project Offshore Malaysia

Aug 09, 2021

Xodus won a deal for the conceptual engineering design contract for Petronas' first complete Carbon Capture and Storage (CCS) project, offshore Malaysia.  The Kasawari CCS project, off the coast of Sarawak, will comprise the capture and processing…

Shell, Petronas Carigali, Petros Get Hold of Offshore Block in Sarawak, Malaysia

Jul 28, 2021

Malaysia's Petronas has awarded Block SK437 offshore Sarawak, Malaysia to Petronas Carigali, Sarawak Shell Berhad, Petroleum Sarawak Berhad (Petros).Block SK437 is located to the southwest of the prolific Central Luconia province, measuring 2…

Petronas Gearing Up to Spud Exploration Well Offshore Mexico

Jul 14, 2021

Malaysian oil and gas firm Petronas is preparing to start drilling an offshore well in Mexico.According to an exploration report by its Indonesian partner Medco Energi, Petronas is gearing up to drill the Bacalar-1EXP exploration well.Medco…

Petronas, CNOOC in $7B LNG Supply Deal

Jul 07, 2021

Malaysia's state oil firm Petronas has signed a 10-year liquefied natural gas (LNG) supply agreement with a subsidiary of China's offshore oil and gas major CNOOC Ltd valued at about $7 billion, the firm said on Wednesday.Petronas, or Petroliam Nasional Berhad…

Petronas Speeds Up Field Development Planning with Schlumberger's Software

Jun 02, 2021

Oilfield services and technology company Schlumberger has announced an enterprise-scale deployment of advanced digital solutions for the Malaysian oil and gas giant Petronas, to speed up the oil firm's field development planning.According to Schlumberger…

Petronas Says Demand Recovery Uncertain as 1Q Profit Doubles

May 31, 2021

Petronas's first-quarter profit more than doubled on the back of recovering commodity prices, but the Malaysian state oil firm cautioned demand prospects hinged on vaccines preventing a resurgence of the COVID-19 pandemic.Petronas said on Monday it made a post-tax profit of 9…

Petronas Dismisses Reports on 'Exploratory Talks' with Ocean Wind as False

May 10, 2021

Malaysian oil and gas giant Petronas has dismissed reports of the company's involvement in talks with Hong Kong-based offshore wind company Ocean Wind International Industrial Limited as false.'Petronas refers to news reports that have emerged…

Malaysia, Brunei Formalize Unitization Deal for Two Offshore Fields

Apr 05, 2021

Malaysia, through its national oil company Petronas, on Monday today formalized a Unitisation Agreement (UA) with the Government of  Brunei Darussalam for the Gumusut-Kakap and Geronggong-Jagus East fields which straddle along the Malaysian-Brunei maritime boundary…

Petronas, CNOOC to Collaborate on Cleaner Energy Solutions, LNG Bunkering

Mar 15, 2021

Malaysian oil company Petronas and China-based oil firm CNOOC, have signed a memorandum of understanding to 'pursue mutual growth through closer collaboration.''The MoU elevates the long-standing relationship between the two parties from primarily…

Malaysia Petronas Launches Offshore Bid Round

Mar 02, 2021

Malaysian oil company Petronas launched the Malaysia Bid Round (MBR) 2021, through a virtual event held on February 26 2021.'With 13 exploration blocks being offered, the MBR 2021 is set to open up more investment opportunities for investors…

Petronas Posts 4Q Loss. Outlook Challenging, CEO Says

Feb 26, 2021

Malaysian state oil firm Petronas fell to a fourth-quarter loss on Friday hurt by lower oil prices and demand.Petronas announced in a virtual briefing a 1.1 billion ringgit ($272 million) loss after tax for the October-December quarter versus a profit of 4…

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PD Ports Outlines Plans to Develop UK Offshore Wind Hub

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