Wednesday, May 22, 2013
Displaying 1 - 10 of 48 articles
Petronas Gas is expected to complete a feasibility study pertaining to construction of two new regasification terminals by 2014. The gas unit of Malaysia's Petronas is considering building terminals in Johor in the south and Borneo on Sabah, Dow Jones Newswire quoted Petronas Gas' chairman Anuar Ahmad...
Petronas is planning to invest close to $5 billion in the next five years to boost LNG output. Malaysia LNG Group of Companies (MLNG), a subsidiary of Petronas, would implement more than 10 capital projects in Bintulu within the next five years, managing director and chief executive officer of MLNG...
Newfield Exploration Company has announced a significant natural gas discovery on the Block SK 310 Production Sharing Contract (PSC) area, located 50 miles offshore Sarawak, Malaysia. This is the company's second pinnacle reef natural gas discovery in the region. The B-14 well encountered...
ExxonMobil Exploration and Production Malaysia Inc, a subsidiary of Exxon Mobil Corp, has started natural gas production from the Telok field offshore Malaysia in the South China Sea. Telok A platform marked the first phase of the Telok gas development project under a gas production sharing contract...
Japan Petroleum Exploration Co. (Japex) has signed an agreement with Petronas to buy a 10% stake in the Petronas-led liquefied natural gas exporting project in British Columbia, Canada, Dow Jones reported citing a statement from the Japanese company. The Japanese firm will buy a 10% stake each in the...
Malaysia will continue to focus on raising output from existing oil and natural gas fields, in addition to advancing exploration in deep water areas. In an effort to promote oil and gas exploration, the government has introduced various new tax and investment incentives, Chief Executive Officer of the...
Liquefied Natural Gas (LNG) suppliers looking to sell into Asia should increase their focus on the combined South East (SE) Asian markets - predominantly Indonesia, Thailand, Malaysia and Singapore - as the LNG appetite of these markets increase, Wood Mackenzie says in a report published Wednesday. Meanwhile...
Malaysia surpassed Indonesia as the key player in the upstream hydrocarbon industry in Southeast Asia last year. Jakarta Post citing a report by Wood Mackenzie Group said that Indonesia, the former sole Southeast Asia member of the Organization of the Petroleum Exporting Countries (OPEC), only...
Malaysian energy giant Petronas has offered to buy the remaining shares in MISC which it does not hold for 8.7 billion ringgit ($2.8 billion). MISC is already a 62.67% owned subsidiary of Petronas and has world’s second biggest fleet of LNG ships after Qatar Gas Transport Co. “The offer...
Petronas said on Friday it has made onshore oil and gas discovery in the country after 24 years. The Malaysian firm and Japan's JX Nippon Oil & Gas Exploration drilled 3,170 metres into the Adong Kecil West-1 well in Sarawak state on Borneo island, The well encountered a...