LATEST NEWS   PM Anwar, Turkmenistan President Serdar Berdimuhamedov witnessed the signing of a strategic cooperation agreement between Petronas and Turkmenistan authorities-- PMO | At 6 pm, the ringgit eased to 4.1340/1395 versus the US dollar from Thursday's close of 4.1145/1195 | The collaboration opens up space for more strategic engagements in future, including exploring the great potential of Turkmenistan's natural gas sector, which has among the world's largest gas reserves - PMO | Gabungan Kelab Media Malaysia (GKMM) state affiliates receive RM10,000, GKMM receive RM30,000 from Communications Ministry - Fahmi | The achievement comes as Malaysia and Turkmenistan mark 30 years of cooperation in the energy sector, which has been a key pillar of bilateral relations between the two countries -- PMO | 
BUSINESS • 30/04/2025 09:36 PM

Conocophillips Confirms Exit From Salam-Patawali Field

KUALA LUMPUR, April 30 (Bernama) -- United States (US) oil major ConocoPhillips has confirmed its exit from operating the Salam-Patawali deepwater oil and gas field, also known as Block WL4-00, off Sarawak’s coast. 

“ConocoPhillips has elected not to progress development of the WL4-00 project based solely on prioritisation within the company’s global portfolio,” it said in a brief statement today.  

The deepwater oil and gas field, discovered jointly with Petroliam Nasional Bhd (Petronas) in 2018, was developed under a 50:50 joint venture.

The withdrawal was first reported by a news outlet on April 15 and resurfaced recently, with reports indicating that the decision was part of a “country strategy review”, which the company did not elaborate on. 

-- BERNAMA

 

 

 


 

More News

Categories

Tags