Malaysian oil and gas firm Petronas has announced that its subsidiary PC Carigali Mexico Operations, S.A. de C.V has been awarded shallow water Block 6, in the Gulf of Mexico’s Salina basin. Block 6, which covers an area of around 559km2 in water depths of between...
Malaysia’s Petronas has pitched an estimated US$1 billion stake in an upstream local gas project to a range of multinational oil majors, hoping to prompt a bidding war for the offshore gas block. Potential bidders include Royal Dutch Shell (LSE:RDSA), ExxonMobil Corp (NYSE:XOM), Thailand's PTT Exploration...
Saudi Aramco has announced it will purchase a 50% stake in certain ventures and assets in the Refinery and Petrochemical Integrated Development (RAPID) project, developed by Malaysian company Petronas (PTG:MK). The equity stake in the petrochemicals project is worth US$7 billion and was formalised by Malaysian...
State-owned Malaysian oil and gas firm Petronas (PTG:MK) is mulling over the sale of a 49% stake, worth around US$1 billion, in its local SK316 offshore gas block in the state of Sarawak. The potential divestment would be made as the company adapts to an over-saturated...
Shell (LSE:RDSA) has commenced production at its deep-water Malikai project off the cost of Malaysia. Malikai is located in waters up to 500 metres deep and is expected to reach peak production of 60,000 barrels per day (bpd). It is Shell’s second deep-water project in Malaysia...
Canada has conditionally approved Petronas to build a natural gas export terminal in British Columbia. The Malaysian state-owned liquefied natural gas (LNG) firm welcomed the decision after the government cleared the final barrier to the US$27.3 billion project. While Petronas welcomed the approval it has yet to...