KUALA LUMPUR, Feb 12 (Bernama)-- Petroliam Nasional Bhd (Petronas)’s wholly owned subsidiary, PC Oman Ventures Ltd (PCOVL), has signed a concession agreement with the Oman government and OQ Exploration and Production Batinah Offshore LLC (OQEP) as its partner for the exploration of oil and gas in Block 18.
KUALA LUMPUR, Feb 12 (Bernama) -- Petronas has no plans to reduce oil and gas production in Sabah, despite the global oil and gas industry facing the challenge of a sharp drop in prices, said Minister in the Prime Minister's Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said.
KUALA LUMPUR, Feb 9 (Bernama) -- Petroliam Nasional Bhd (Petronas) via Malaysia Petroleum Management (MPM) today announced the award of the production sharing contract (PSC) for the Permata Cluster, located off the coast of Sabah, to London-based Bridge Petroleum Ltd.
KOTA KINABALU, Feb 9 (Bernama) -- The Sabah government, through its wholly-owned entity SMJ Energy Sdn Bhd (SMJE), has solidified its position in the upstream oil and gas sector by acquiring a strategic 20 per cent participating interest in the North Sabah Enhanced Oil Recovery Production Sharing Contract (EOR PSC).
GEORGE TOWN, Feb 6 (Bernama) -- The Agreement on Reciprocal Trade (ART) between Malaysia and the United States sends a strong signal of long-term economic confidence and is expected to further encourage American investments, particularly in Penang’s semiconductor and manufacturing sectors.
KUALA LUMPUR, Jan 29 (Bernama) -- Petroliam Nasional Bhd (Petronas) aims to sustain domestic production at approximately two million barrels of oil equivalent per day (MMboe/d) in the next three years through continued investment in exploration, deepwater development and enhanced oil recovery.
CHENNAI, Jan 25 (Bernama) -- Zoho Corporation's IT division ManageEngine is planning to open a data centre in the ASEAN region this year.
KUALA LUMPUR, Jan 22 (Bernama) -- Malaysia's economy is set to remain resilient this year, with growth likely reaching 4.5 per cent, anchored by strong private consumption and tourism drive.
KUALA LUMPUR, Jan 21 (Bernama) -- Perak Transit Bhd has appointed Ismail Jamal as general manager effective today.
KUALA LUMPUR, Jan 21 (Bernama) -- John Crane, a global leader in flow-control technologies and a business of Smiths Group plc, is marking the 50th anniversary of a breakthrough that revolutionised gas compression sealing with the introduction of its Type 28 dry gas seal in 1976.
KUALA LUMPUR, Jan 21 (Bernama) -- Crude palm oil prices (CPO) are expected to remain range-bound between RM4,000 per tonne and RM4,300 per tonne in February due to seasonal declines in production and stocks, according to the Malaysian Palm Oil Council (MPOC).
KUALA LUMPUR, Jan 20 (Bernama) -- PJBumi Bhd’s indirect wholly-owned subsidiary, Rig Capital Pte Ltd, has signed a contract to purchase five sets of drilling rig from Gaoyou Hao Xiang Petroleum Machinery Co Ltd for RM161.64 million.
