The Malaysian and Argentine state energy firms Petronas and YPF signed a deal yesterday to invest US$550 million (RM1.7 billion) to develop shale oil in Argentina's massive Vaca Muerta fields, YPF said.
Global oil and gas service company, AGR, has been awarded a software contract with Malaysian oil and gas company, PETRONAS Carigali Sdn Bhd (PCSB).
Oil has been discovered offshore Sabah at the Limbayong-2 well with 136 metres of oil bearing sands, the Star reported on March 17.
Petroliam Nasional Bhd., Malaysia’s state oil company, will sign an agreement to sell 10 percent of its liquefied natural gas project in Canada to an Indian company on March 7, its chief executive officer said, Bloomberg reported on March 4.
Malaysian state firm Petronas has postponed the start of operations at a floating oil and gas production facility in Sabah by at least three months due to a technical issue, industry sources said on February 11, Reuters has reported.
Malaysia is expected to fully attend to the domestic demand and need for liquefied natural gas (LNG) by 2016 upon the commissioning of Petroleum National Bhd’s (Petronas) two new liquefication plants in Sarawak, Malaysian Reserve reported on December 22.
A liquefied natural gas project in British Columbia proposed by Malaysia’s state-owned Petronas has attracted a new partner, The Globe and Mail reported on December 9.
Foreign investment in hydrocarbon exploration and production in the Turkmen sector of the Caspian Sea has exceeded $10bn, Itar-Tass has reported, citing information from an international conference on Turkmen oil and gas.
Malaysia's Petronas is close to selling a stake in its Canadian shale gas assets to an Indian company as it looks to share some of the costs of bringing cheap liquefied natural gas from North America to energy-hungry Asia, Reuters reported on November 12.
Malaysia's state oil firm Petroliam Nasional (Petronas) posted a 16 percent rise in third-quarter net profit, helped by higher demand for crude oil and a return to production in South Sudan, Reuters reported on November 12.