Malaysia
Petronas to cut annual dividend to Government
The Star Online, Kuala Lumpur, April 4, 2012 Petroliam Nasional Bhd (Petronas) plans to lower its annual dividend paid to the Government to RM28bil this year as it holds onto cash to help reverse a production slump. “We need to grow,” group CEO Datuk Shamsul Azhar Abbas said in a recent interview. “Energy reserve is [...]
Singapore looks to buy electricity from Malaysia
The Malay Mail Thursday, January 5th, 2012. By Andrea Mathew PUTRAJAYA: Singapore is keen to import electricity from Malaysia if the terms and conditions are desirable. The opportunity was discussed by both prime ministers yesterday at the Malaysia-Singapore leaders’ retreat between Prime Minister Datuk Seri Najib Razak and Singapore’s Lee Hsien Loong. “We are willing [...]
Petronas chooses partners for development of RI field
The Jakarta Post, 04 May 2011, Petroliam Nasional Bhd., Malaysia’s state oil company, says it is assessing potential partners to help develop an Indonesian gas field after conducting a viability review of its global investment portfolio. The Kuala Lumpur-based company, also known as Petronas, issued a statement countering claims by the chairman of Indonesia’s oil [...]
Malaysia Insight; Petronas Keeps The Luck Flowing For M’sia
The Business Times (Singapore), Monday, February 28, 2011, by S Jayasankaran Two big new strikes off Sarawak coast bode well for national oil-and-gas giant AUSTRALIA has often been called the lucky country. But it’s Malaysia which is the lucky one. Despite all the waste, the leakages, the excess, the country – amazingly, astonishingly – [...]
Petronas Has ‘Major’ Oil, Gas Discoveries Off Malaysia
Jakarta Globe, 14 February 2011, Petroliam Nasional Bhd., Malaysia’s state energy company, said it made “major” oil and gas discoveries that may help replenish the Southeast Asian nation’s diminishing reserves. Early estimates show a total 2.8 trillion cubic feet of natural gas and 100 million barrels of crude at two wells off the coast of [...]
Genting Oil finds gas in Indonesian Kasuri block
Reuters, 16 February 2011, Genting Oil Kasuri Pte Ltd, a subsidiary of Malaysia’s Genting Bhd , has found gas from exploration at the Kasuri block in Indonesia’s Papua province, Indonesia’s oil watchdog BPMigas said on Wednesday. BPMigas said Genting Oil conducted drilling tests at three layers of the block and found gas potential with a [...]
Malaysia and UK oil and gas joint venture to develop Berantai field
Reuters, 31 January 2011, Malaysia’s state oil firm Petronas has awarded a risk service contract to a joint venture company comprising Malaysian oil and gas companies Kencana and Sapuracrest , and United Kingdom’s Petrofac to develop one of its oil and gas fields. The contract, which runs for nine years, grants the consortium the responsibility [...]
