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PETRONAS

Asia

Malaysia’s Petronas signs up for long-term US LNG supply

US liquefied natural gas (LNG) developer Venture Global will supply Malaysia’s Petronas with 1 million tonnes per year (t/y) of LNG for a 20-year term after the pair signed a new deal. Significantly, Asian LNG buyers, such as Petronas, are increasingly locking in new long-term supplies as more European buyers enter the race for LNG.

Asia

Petronas awards upstream acreage to SK offshore Malaysia

Petronas has awarded Block SK427 off the coast of Sarawak to SK earthon, a subsidiary of South Korea’s SK Innovation, and Petroleum Sarawak Exploration & Production (PSEP) in an area where several discoveries were made last year. Petronas and SK will also collaborate on carbon capture and storage (CCS) opportunities.

Asia

Nine arrested in alleged Petronas corruption case

A junior-level executive of Petronas Carigali is among nine individuals held by the Malaysian Anti-Corruption Commission (MACC) since last Friday to assist an investigation into corruption involving projects at the upstream subsidiary of the state-backed energy company.

Asia

Strohm and Petronas join forces to commercialise TCP

Strohm, a leading manufacturer of fully bonded Thermoplastic Composite Pipe (TCP), has signed an agreement with Petronas’ technology arm, Petronas Technology Ventures, to commercialise TCP in the industry and scale its utilisation across the Malaysian state-backed energy company’s facilities.

Asia

Petronas and Mitsubishi to exit Myanmar

Malaysia’s Petronas and Japan’s Mitsubishi Corporation are divesting their shares in the Yetagun gas field offshore Myanmar. The move marks the latest in a series of exits by major energy companies, including Chevron and TotalEnergies, following the military coup in February 2021.

Asia

Aker Solutions manager charged again in Malaysia

Malaysia has filed a fresh charge against a local manager of Norwegian oil services provider Aker Solutions, accusing him of providing false information to the country's corporate regulator, according to the company and a court document, reported Reuters.