PETRONAS - World Future

Financial Times: More Seizures In Sulu Claims Possible

According to independent lawyers, Malaysia may see more asset seizures by the Sulu Sultanate’s heirs. Thus, they say, the saga is not over despite Malaysia’s assurances that the ‘attacks’ against its sovereignty are now over. A Financial Times report says that a day after the seizures of Petronas

Energy

Petronas Delivering Energy Security And Sustainable Value

KUALA LUMPUR, 2 June — PETRONAS has recorded favourable financial results for the first quarter of 2022 in an environment still volatile from an uneven post-pandemic recovery and geopolitical uncertainties. The Group continued to undertake significant measures to ensure it remains on a steady footing as heightened concern over disruption in

BUY call

PChem buy reiterated with a higher fair value

Petronas Chemicals Group Bhd (PetChem) has signed a securities purchase agreement to buy Perstorp Holding AB, a worldwide speciality chemicals firm focused on sustainability, for €1.54 billion (RM7.02 billion). Financière Forêt S.à.r.l, a subsidiary of European private equity firm PAI Partners, inked the transaction. Perstorp

myanmar

Petronas is out of the Yetagun field in Myanmar

KUALA LUMPUR, 30 April 2022 – PETRONAS’ yesterday says its subsidiaries, PETRONAS Carigali Myanmar Inc (PCMI) and PC Myanmar (Hong Kong) Limited (PCML) have withdrawn from Blocks M12, M13 and M14 which are located in the Yetagun field, offshore Myanmar. The company says the decision was made following a thorough techno-commercial

aerodyne

Petronas and drone-based tech in the energy industry

KUALA LUMPUR, April 25 — PETRONAS’ technology commercialisation arm, PETRONAS Technology Ventures Sdn Bhd has entered into a strategic collaboration with Aerodyne Oil and Gas Sdn Bhd, a subsidiary of Aerodyne Group, to explore opportunities for deployment and commercialisation of drone-based solutions. The collaboration marks another significant step forward in PETRONAS’

hydrocarbon

Petronas welcomes SK Earthon as new upstream investor

KUALA LUMPUR, 22 April 2022 – PETRONAS today signed a Production Sharing Contract (PSC) with SK earthon Co., Ltd. (SK earthon) and Petroleum Sarawak Exploration & Production Sdn. Bhd. (PSEP) for Block SK427 off the coast of Sarawak. SK earthon, a wholly owned subsidiary of South Korea’s SK Innovation Co.

orang asli

Orang Asli community get new energy source from Petronas

KUALA LUMPUR, April 15 (Bernama) — PETRONAS, via its subsidiary, PETRONAS Power Sdn Bhd has successfully completed the pilot phase of the “Rays of Hope”, a Corporate Social Responsibility (CSR) programme to provide clean and free energy to enhance the livelihood of the selected Orang Asli communities and the residents of

Honeywell

New sustainability collaboration between Petronas-Honeywell

KUALA LUMPUR, March 26 — PETRONAS has entered into a collaboration with Honeywell on the development of carbon-neutral energy solutions in process technologies, industrial automation, and plant digitalisation of PETRONAS’ operations. The collaboration aims to strengthen operations optimisation and support emissions reduction efforts to deliver cleaner energy solutions, in support of

asia

Petronas calls for collaboration in Asia's energy transition

KUALA LUMPUR, March 24 — PETRONAS yesterday called for greater collaboration among industry leaders, technology experts, service providers and stakeholders in the energy ecosystem to pave the way for a just and responsible energy transition, especially in Asia. In his opening remarks at the Offshore Technology Conference Asia 2022 (OTC Asia

indonesia

Petronas has won the auction for the North Ketapang block

KUALA LUMPUR, 19 March 2022 – PC Ketapang II Ltd, a subsidiary of PETRONAS, has won the North Ketapang block, located onshore and offshore East Java, during the second round of the Indonesia Petroleum Bid Round 2021. The result was announced by the Ministry of Energy and Mineral Resources, Indonesia yesterday.

enercy

Petronas to establish clean energy solutions unit

Petronas intends to establish a clean energy solutions firm by the middle of the year, demonstrating its commitment to a sustainable future. Datuk Tengku Muhammad Taufik Aziz, its president and group CEO, said that the company will investigate renewable energy, hydrogen, and green transportation. He emphasised that the autonomous business

Liquefied CO2

Petronas in new liquefied CO2 deal with Mitsui O.S.K. Lines

KUALA LUMPUR, 9 February 2022 – PETRONAS has signed an MoU with leading global shipping company Mitsui O.S.K. Lines, Ltd. to jointly explore opportunities in liquefied carbon dioxide (CO2) transportation for the carbon capture, utilisation and storage (CCUS) value chain in Asia Pacific and Oceania regions. The MoU was

carbon capture

PETRONAS and JAPEX in deal to unlock potential CCS solutions

KUALA LUMPUR, Jan 28 (Bernama) — PETRONAS has signed a Memorandum of Understanding (MoU) with Japan Petroleum Exploration Co., Limited (JAPEX) to collaborate on carbon capture and storage (CCS) opportunities, including suitable carbon dioxide (CO2) storage solutions in Malaysia. Under the MoU, PETRONAS and JAPEX will perform technical maturation activities to

PETRONAS

Rovr Launches First Mini Portable Container System To Serve Remote Sabah Area

Beaufort, Sabah, 18 January 2021 – ROVR, the mobile refuelling service from PETRONAS Dagangan Bhd, today launched its first Mini Portable Container System (Mini PCS), in collaboration with the Ministry of Domestic Trade and Consumer Affairs (MDTCA), to provide the community in Kampung Limbawang, Beaufort, Sabah with easier access to fuel.

carbon neutral

PETRONAS DELIVERS HIROSHIMA GAS' FIRST CARBON NEUTRAL LNG CARGO

KUALA LUMPUR, Jan 10 (Bernama) — Malaysia LNG Sdn Bhd, a subsidiary of PETRONAS, has successfully delivered a carbon neutral LNG (CNLNG) cargo to Hiroshima Gas Co., Ltd. (Hiroshima Gas), a continuity of PETRONAS’ commitment towards becoming a sustainable solutions partner to its customers. This CNLNG delivery also augurs well with

gas masterplan

SABAH AND PETRONAS LAUNCH SABAH GAS MASTERPLAN

Kota Kinabalu, 4 January 2022 – The Sabah State Government and PETRONAS today launched the Sabah Gas Masterplan that serves as a reference for both parties in guiding the way forward for the further development of natural gas in the State. The Masterplan, which is the result of a joint study

Brazil

PETRONAS WINS SÉPIA FIELD IN BRAZIL BID ROUND

Kuala Lumpur, 17 December 2021 – PETRONAS Petróleo Brasil Ltda. (PPBL), a subsidiary of PETRONAS, and its consortium partners have won the Sépia field, located in the Santos Basin, during Brazil’s Second Transfer of Rights Surplus Volume Bidding Round held in Rio de Janeiro. Following this successful bid, PETRONAS will

carbon capture

PETRONAS AND POSCO COLLABORATE ON CARBON CAPTURE AND STORAGE VALUE CHAIN

KUALA LUMPUR, 17 December 2021 – PETRONAS signed a Memorandum of Understanding (MoU) with POSCO International Corporation and POSCO Engineering & Construction Co. Ltd to jointly explore opportunities in carbon capture and storage (CCS) technologies as well as carbon dioxide (CO2) storage solutions in Malaysia. Both parties will assess opportunities to

chad

Petronas Selling Interest in Chad

KUALA LUMPUR, 15 December 2021 – PETRONAS (E&P) Overseas Venture Sdn Bhd has signed a Share Sale and Purchase Agreement (SPA) with Savannah Energy Chad Limited to sell its entire shareholding in PETRONAS Carigali Chad Exploration & Production Inc. (PCCEPI), it’s subsidiary in the Republic of Chad. The

lpg

PETRONAS Dagangan partners with PETROS for LPG Business in Sarawak

KUCHING, 13 December 2021 – PETRONAS Dagangan Berhad (PDB) today signed a Heads of Agreement with Petroleum Sarawak Berhad (PETROS) to mark the strategic partnership between both parties in the Liquefied Petroleum Gas (LPG) business in Sarawak. The partnership includes the divestment of PDB’s LPG business in Sarawak to PETROSNiaga

digital

Petronas Earns Global Acclaim For Tech-Digital Solutions

PETRONAS Digital Sdn Bhd (“PDSB”), the digital arm of PETRONAS, bagged two awards at the recent Institution of Chemical Engineers (IChemE) Malaysia Awards 2021 and IChemE Global Awards 2021. PDSB’s Start-up Excellence Live Advisory (STELLAR) Programme won in the Process Automation and Digitalisation category at the IChemE Global Awards

PETRONAS

PETRONAS' Inaugural FutureTalks to Draw Industry Thought Leaders

KUALA LUMPUR, Nov 19 (Bernama) — PETRONAS is bringing together local and international industry thought leaders on PETRONAS FutureTalks to engage in a series of conversations on energy transition, as the world shifts towards a low-carbon future. The dialogue session from 23-24 November 2021 will see the best minds from governments,

agreement

Petronas Signs Heads of Agreement with Bintulu Prilled Area

KUALA LUMPUR, Nov 5 (Bernama) — PETRONAS has signed a Heads of Agreement (HOA) with Bintulu Prilled Urea Sdn Bhd (BPUSB) for the potential supply of natural gas as feedstock to BPUSB’s proposed petrochemical plant in Tanjung Kidurong, Bintulu, Sarawak. The HOA was signed in Kuching on 3 November where

abu dhabi

Petronas Ties-Up with ADNOC in Abu Dhabi

KUALA LUMPUR, March 10 (Bernama) — Petronas inked two MoUs with United Arab Emirates-based Abu Dhabi National Oil Company (ADNOC) and Masdar to pursue collaborations across the energy value chain. Discussions between the parties began following Malaysia’s King Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah’s five-day special visit to

explorations

Petronas Offers 13 Blocks in Highly Prolific Basins at the Upcoming Bid Round

KUALA LUMPUR, Feb 19 (Bernama) — PETRONAS today announced that it will be offering 13 offshore exploration blocks in Malaysia at the upcoming Malaysia Bid Round (MBR) 2021 launch on 26 February 2021. Also included are six discovered fields to incentivise investors to undertake more extensive exploration activities within those blocks.