Petronas News

 

FLNG Satu Achieves First LNG at Kebabangan

May 21, 2019

Petronas has produced its first liquefied natural gas (LNG) from a floating LNG (FLNG) facility at the Kebabangan cluster field, 90 kilometers offshore the eastern state of Sabah, the Malaysian state-owned oil company announced on Tuesday.First gas from Kebabangan was introduced into the Petronas FLNG (PFLNG) Satu’s turret system via a 5-kilometer flexible pipeline on May 4, followed by three days of start-up activities that lead to production of the first LNG drop on May 7…

Petronas Q2 Profit Rises 8%

Sep 20, 2019

Malaysia's state-owned energy firm Petroliam Nasional Bhd reported an 8% increase in second-quarter profit on Friday because of a weaker Malaysian ringgit, though that was partially offset by higher product costs.Petronas, as the company is known…

Velesto Bags Contracts from Petronas Carigali

Sep 09, 2019

Malaysia-based Velesto Drilling, indirect wholly- owned unit of Velesto Energy Bhd’s (VEB), has received a letter of award from Petronas Carigali Sdn Bhd (PCSB) for the provision of jack-up drilling rig Naga 7.In a filing with Bursa Malaysia…

Total Extends Pacific Santa Ana Gig

Aug 14, 2019

Offshore drilling contractor Pacific Drilling has been awarded a one-well extension for its drillship working for French oil major Total in Offshore Mauritania.Pacific Santa Ana is expected to run from this month to September, said offshore ultra-deepwater drilling company…

Petronas Signs Offshore Deal with Gabon

Aug 05, 2019

Malaysian oil and gas company Petroliam Nasional Bhd (Petronas) has signed an agreement with Gabon for two exploration permits after the African country enacted a new oil law last month.A Bloomberg report quoted Noel Mboumba, Gabon’s petroleum…

Sapura Energy Bags Multiple Contracts

Jul 01, 2019

Malaysia’s oilfield services player Sapura Energy said it has has clinched contracts worth a total of MYR 1 billion ($242 million) for several new oil patch deals and one – the company’s first – offshore wind contract.The 10 new contracts are…

Chinese Buyers Leave US LNG

Jun 07, 2019

Chinese buyers have avoided US LNG projects even before the tariffs hiked to 25%, said a report by  Rystad Energy.Despite the Chinese tariffs, there is still appetite for US LNG from other countries. Since the first tariff of 10% was introduced on US LNG in September 2019…

Asian Renewables Investment on the Rise

May 28, 2019

Renewable energy investment in the Asia-Pacific region will overtake spending on oil and gas exploration by 2020, consultancy Rystad Energy said on Monday.Total capital expenditure in renewables will rise above $30 billion in the region by 2020…

Sabah-Sarawak Gas Pipeline Shit for Maintenance

May 21, 2019

Malaysia's state oil and gas company Petroliam Nasional Bhd said on Tuesday it has shut the Sabah-Sarawak gas pipeline that feeds gas to its liquefied natural gas (LNG) complex at Bintulu in the state of Sarawak as part of maintenance work.Operations…

Natural Gas Consumption Up 10% in China

May 10, 2019

According to the preliminary estimate, the consumption of natural gas in China exceeded 27 million cubic meters in 2018, registering a YOY increase of more than 10%, said a report.The growing Chinese economy and stricter environmental protection…

Occidental Agrees to Sell Anadarko Assets to Total

May 06, 2019

Texas-headquartered Occidental Petroleum has reached an agreement to sell Anadarko Petroleum's oil and gas assets in Africa to French oil major Total for $8.8 billion.The binding agreement with Occidental to acquire Anadarko’s assets in Africa (Algeria…

Petronas Expands LNG Supply

Apr 11, 2019

Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) said that it is well-positioned to meet rising LNG demand and expands its flexible and innovative LNG solutions for existing and new markets.'With its growing portfolio of LNG supply sources in Malaysia…

Malaysia's 2nd FLNG May be Ready by Q1 2020

Apr 02, 2019

State-owned Petroliam Nasional Bhd, or Petronas, expects to have its second floating liquefied natural gas (LNG) facility in Malaysia ready by the first quarter of next year, its chief executive, Wan Zulkiflee, told the LNG2019 conference in Shanghai on Tuesday…

First Condensate Cargo Shipped from Prelude

Mar 25, 2019

Royal Dutch Shell on Monday said it had shipped the first condensate cargo from its Prelude floating liquefied natural gas (FLNG) project off northwestern Australia over the weekend.'We can confirm that the first shipment of condensate has sailed from the Shell-operated Prelude FLNG facility…

Petronas Raises April Crude Price Factor

Mar 19, 2019

Malaysian state oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for April at $5.50 per barrel, up 10 cents from the previous month, the company said on TuesdayThe monthly price factor is added to the average of Platts'…

Current News

Petronas Q2 Profit Rises 8%

Petronas Q2 Profit Rises 8%

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Saudi Aramco Pursues IPO Planning Despite Attack

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Transborders Joins Forces with Osaka Gas

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BP Awards Caspian ACG Contracts

Senvion to Sell Assets to Siemens Gamesa

Senvion to Sell Assets to Siemens Gamesa

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