Saudi Aramco has made its biggest downstream investment outside of the Kingdom.
Petronas said it is pushing ahead with plans to start operatins in 3029 despite Saudi Aramco ditching plans for the venture.
Nippon Oil & Energy Corp has said its venture with Petronas has started commercial operations at the LNG complex in Bintulu, Sarawak.
Malaysian energy firm Petronas is celebrating production start-up on its first floating LNG facility, PFLNG SATU.
A worker has died after an incident at a Petronas processing plant in Malaysia.
Technip said it has been awarded a subsea contract by Petronas for the Samrang Redevelopment Project in Malaysia.
Petronas said it is considering selling its majority stake in a $27billion Canadian liquefied natural gas (LNG) plant.
Canadian Prime Minister Justin Trudeau’s government has approved Petroliam Nasional Bhd’s C$36 billion ($27 billion) Pacific NorthWest liquefied natural gas project on British Columbia’s Pacific coast.
Petronas is planning further job cuts as it continues to manage through the lower oil price.
Petrofac said it has reached an agreement with Petronas to bring its Berantai Risk Service Contract (RSC) to an end.
SOCAR and Petronas look to strengthen ties, after company heads met to discuss their future.
Odfjell Drilling has signed a memorandum of Deepsea Metro I with Petronas to drill a well offshore Malaysia.
Malaysia has opened up its territorial waters in a bid to stimulate offshore E&P investment activity.
A former Malaysian Prime Minister has been appointed as adviser for Petronas, replacing former leader Mahathir Mohamad who was fired from his post two weeks ago.
Petronas said it plans to reduce up to 1,000 jobs from the company as it looks to streamline costs.
Petronas has warned it may need to borrow or tap into reserves to meet its dividend this year and fund reduced spending.
A key agreement for Petronas’ planned liquefied natural gas receiving and regasification terminal at Lahad Datu in Sabah has been terminated.
Malaysia's Petronas plans to cut expenses by as much as $11.4billion over the next four years and defer some projects, according to reports.
Guanghui Energy has agreed to import LNG from Petronas. The LNG provider said it would start to supply LNG to the company from 2017.
Lundin Petroleum has commenced drilling of the Imbok-1 exploration well in Blocks SB307 and SB308, offshore East Malaysia.
Lundin has plugged and abandoned its Selada-1 exploration well in Malaysia after it proved to be dry.
Technip has been awarded a contract worth as much as $100million to supply three hydrogen reformers as part of a greenfield facility at a Petronas Rapid refinery project in Malaysia.
Malaysia's Petroliam Nasional Bhd (Petronas) PETR.UL said it is committed to its Canadian liquefied natural gas (LNG) project despite the tumble in oil and gas prices which has hurt the state-owned oil company's profitability. The project would see Petronas build an export terminal near the British Columbia port city of Prince Rupert, a natural gas pipeline and ongoing gas development. Petronas had reached a deal with British Columbia in May on the proposed project, drawing it closer to its final investment decision. "Petronas would like to reaffirm its commitment to deliver long term LNG supply to its customers through the Pacific NorthWest LNG project in Canada, despite the current market volatility for oil and gas," its chief executive officer for Upstream, Wee Yiaw Hin, said in an emailed statement.
Malaysia's state oil company Petronas has acquired Shell's 50% stake as operator of the MLNG Dua natural gas plant.
Malaysia's Petroliam Nasional Bhd (Petronas) PETR.UL on Friday said cash from operations will cover neither capital expenses nor committed dividends for 2015, forcing the state-owned oil firm to draw on reserves and further cost savings. Petronas contributes almost half of Malaysia's oil revenue. But weak global prices have depressed income, leaving the country with a devalued currency and at risk of a credit-rating downgrade, while debts mount at state investment fund 1MDB. "We will have to persevere with more austerity measures," said Petronas President and Group Chief Executive Wan Zulkiflee Wan Ariffin at an earnings briefing.