PTT Exploration Tag

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...

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...