25 articles
The Japan Gas Association welcomed the government's first emergency LNG deal with Malaysia's Petronas to secure supplies for utilities during disruptions. This move expands the Strategic Buffer LNG sc
Petronas and PTT subsidiaries secured government approval for a new 35-year production sharing contract for Block A-18-01 in the Malaysia-Thailand Joint Development Area. The deal reinforces natural g
Eni and Petronas signed an agreement to develop high-performance bio-gasoline for motorsport using Eni's HVO refining process. The collaboration aims to eventually apply the technology to commercial p
Japan's INPEX has commenced construction on the $20.9 billion Abadi LNG project in Indonesia, targeting 9.5 million tons annual capacity. Partnered with Pertamina and Petronas, the project is hailed a
Petronas CEO Muhammad Taufik's contract has been extended for at least two years, ensuring continuity amidst an energy crisis caused by the Middle East conflict. The national oil company is seeking ad
Searah, a joint venture between Eni and Petronas, has commenced construction of an FPSO vessel for its $11.8 billion North Hub project in Indonesia. Production is targeted to begin in 2028 with capaci
Malaysia's finance minister stated Russian oil imports depend on international trading standards, while Petronas expanded its upstream portfolio through new agreements in Turkmenistan.
Malaysia's Petronas confirmed a new offshore discovery in Suriname's Block 52, targeting a final investment decision this year for natural gas reserves. Officials expect the find to fuel future crude
Malaysia will reduce diesel prices to 2.10 ringgit per litre from July to prevent smuggling, while Petronas secures new gas agreements in Turkmenistan and Russia to bolster energy supplies.
Petronas and JERA signed a 20-year LNG agreement starting 2028, supplying 2 million tons annually. This secures Japan's energy flexibility while leveraging Petronas' expanded production capacity.
Italian Eni and Malaysian Petronas launched the Searah joint venture, integrating upstream oil and gas assets in Indonesia and Malaysia with an initial output exceeding 300,000 barrels of oil equivale
EnQuest acquired up to $833 million in Malaysian offshore assets from Petronas to diversify its portfolio amid UK tax pressures. Production is expected to rise 13% to roughly 100,000 barrels of oil eq
Petronas will supply JERA with 2 million tons of LNG annually for 20 years starting in 2028 to bolster energy reserves amid global uncertainty. The agreement also includes cooperation on fertilizer fe
Italy's Eni and Malaysia's Petronas established Searah, a 50-50 joint venture managing 19 gas assets in Indonesia and Malaysia, targeting sustainable production exceeding 500,000 boe/d within three ye
Saudi Aramco agreed to sell its stake in Malaysia's Pengerang refining and petrochemical complex to Petronas, making the latter the sole owner. The transaction optimizes Aramco's downstream portfolio
Malaysia surged gas-fired power generation by 50.5% in April to meet record demand from heatwaves and data centers, reducing coal reliance. Petronas plans significant LNG imports by the end of the dec
Staatsolie expects offshore Block 52 to reach oil commerciality within 18 months following Petronas' discoveries, enabling potential LNG development. Suriname is also launching a licensing round to at
Eni and Petronas' SEARAH joint venture projects $2.7 billion net income and $6.7 billion revenue by 2030, focusing on natural gas in Malaysia and Indonesia. Operational by late June, the venture secur
Saudi Aramco exits its 50:50 petrochemical joint venture with PETRONAS in Malaysia, transferring all equity to the Malaysian firm. PRefChem becomes fully owned by PETRONAS, though both parties plan fu
Saudi Aramco is transferring its equity stakes in the PRefChem refining and petrochemical joint ventures in Malaysia to partner Petronas, ending an eight-year partnership amid regional energy disrupti
Indonesian and Malaysian governments have approved asset transfers to a new Eni-Petronas joint venture managing 19 oil and gas blocks. The companies aim to start operations by July 1 with an initial p
A Malaysian support vessel became the fourth linked ship to transit the Strait of Hormuz since the U.S.-Iran conflict disrupted global energy supplies. Major firms including Vantris, MISC, and Petrona
Malaysia's Petronas confirmed fuel supplies remain secure at all stations through June-end amid the Middle East-driven global energy crisis. The state firm is managing supply chains and pledging to bo
A Petronas-chartered vessel carrying Iraqi crude cleared the Strait of Hormuz en route to Malaysia's Pengerang refinery. This delivery sustains feedstock supplies for the hub amid a recent US-Iran cea
Malaysia's Petronas unveiled its 2026-2028 strategic outlook, prioritizing upstream production stability, LNG expansion, and carbon capture storage (CCS) as key growth pillars aligned with its 2050 ne
ChemBrief