Petronas News

Santos and QatarEnergy Agree Mid-Term LNG Supply

Jul 07, 2025

Santos has signed a mid-term liquefied natural gas (LNG) supply contract with QatarEnergy Trading.The contract is to supply approximately 0.5 million tonnes of LNG per annum over a period of two years from 2026 with LNG being supplied from Santos’…

ENEOS Gets Extension for Gas Block off Malaysia

Jun 20, 2025

Japan’s ENEOS Xplora, through its subsidiary ENEOS Xplora Malaysia, has signed an extension of production sharing contract (PSC) with Petronas for a block located off the coast of Sarawak in Malaysia.The PSC extension is for the block SK10 and will run for ten years…

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Jun 19, 2025

Idemitsu Kosan Co has acquired interests in two oil and gas blocks located off the coast of Sarawak in Malaysia from South Korean SK earthon, and signed production sharing contracts (PSC) for the developments.The acquired interests are for the Block SK427…

ADNOC’s XRG Partners Up with Petronas for Offshore Gas Block in Caspian Sea

May 14, 2025

XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), Petronas and the Turkmenistan State Enterprise Hazarnebit have signed a new Production Sharing Contract (PSC) with the State Concern Turkmennebit for the offshore Block I gas and condensate fields in Turkmenistan…

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

May 22, 2025

Petronas Energy Serpang, in association with Inpex and EO Serpang (EOS), have jointly been awarded rights to explore the Serpang Working Area located offshore Eastern Java in Indonesia.The award comes as part of the second Indonesia Petroleum…

Eni Starts Gas Production at Merakes East Field in Indonesia

May 13, 2025

Eni has started gas production from the Merakes East field in the Kutei Basin offshore Indonesia, the Italian energy group said on Tuesday in a statement.The field is part of the East Sepinggan block, where Eni holds an 85% operating stake,…

Petrovietnam, Petronas Extend PSC for Offshore Block

Apr 09, 2025

Vietnam's state oil firm Petrovietnam and Malaysia's Petronas signed a deal to extend their long-standing Production Sharing Contract for an offshore oil block that overlaps a maritime boundary between the two countries, Petrovietnam said on Wednesday…

Fire at Petronas Gas Pipeline in Malaysia Sends 63 to Hospital

Apr 01, 2025

At least 63 people were being treated in hospitals in Malaysia on Tuesday after a major blaze at a gas pipeline operated by state energy firm Petronas, authorities said, with efforts ongoing to control the fire and evacuate residents.The fire…

Malaysia's Petronas Plans Job Cuts

Feb 07, 2025

Malaysia's state energy firm Petronas will reduce its workforce to ensure its long-term survival amid increasing challenges in the global operating environment, local media reported on Friday, citing the Petronas chief.'The rationale to do this…

Shell Launches Next Phase of Malaysia's Deepwater Project with First Oil Production

Mar 10, 2025

Sabah Shell Petroleum Company (SSPC), a subsidiary of Shell, has produced first oil from Phase 4 of the Gumusut-Kakap-Geronggong-Jagus East (GKGJE) deepwater development off Malaysia.The Phase 4 production is flowing to the existing Gumusut…

Petronas Inks Two More PSCs for Bid Round 2024, Launches Round 2025

Feb 21, 2025

Petronas, through Malaysia Petroleum Management (MPM), has concluded the Malaysia Bid Round 2024 (MBR 2024) with the signing of two Production Sharing Contracts (PSCs), located off the coast of Sabah. The state-owned energy giant has also launched MBR 2025…

Eni, Petronas to Set Up Joint Venture for Assets in Indonesia and Malaysia

Feb 27, 2025

Eni and Petronas have signed an exclusive memorandum of understanding (MoU) to progress detailed discussions on establishing a joint venture holding company to oversee selected upstream assets in Indonesia and Malaysia.Both companies believe…

Petronas to Retain National Authority After Sarawak Gas Deal

Jan 15, 2025

Malaysian state energy firm Petroliam Nasional Berhad (Petronas) will retain its national authority over oil and gas even as Petroleum Sarawak Berhad (Petros) takes control of gas distribution in Sarawak state, Prime Minister Anwar Ibrahim said…

Staatsolie Looks to Secure $1.5B to Join GranMorgu Project Off Suriname

Feb 24, 2025

Suriname's Staatsolie needs to secure an unprecedented $1.5 billion in bank financing this year to ensure it can participate in the country's Gran Morgu energy project, the head of the state-owned company told Reuters.The project, led by TotalEnergies…

Petronas Preps for Sabah-Sarawak Gas Pipeline Decom Op

Jan 29, 2025

Malaysia's Petronas will decommission the Sabah-Sarawak gas pipeline, the state energy firm said on Tuesday in its activity outlook report.The 500 km natural gas pipeline in Malaysia connects Kimanis in Sabah to Bintulu in Sarawak and has been operational since early 2014…

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