35 stories found
Malaysian Prime Minister Anwar Ibrahim announced that Petronas is negotiating with Russia for an oil deal, prioritizing domestic energy needs and ensuring stable fuel supply. He also highlighted increased development allocation for Kelantan and the government's commitment to subsidized diesel rates for most Malaysians.
Malaysian oil and gas company PETRONAS has confirmed that fuel supply at its stations is secured through the month of June.
The Philippine Energy Secretary confirmed the arrival of 329,000 barrels of diesel on April 11, despite Malaysia's Petronas denying its involvement in the shipment.
Halliburton, Petronas, and Valaris have reportedly signed a Service Contract Agreement (SCA) for offshore assets located in Suriname, indicating new developments in the region's energy sector.
"Open the f***ing Detroit": Trump's incredible threat to raze Iran's bridges and power plants this Tuesday Seneweb
KUALA LUMPUR, March 31 — Federal Territories Minister Hannah Yeoh last night visited the area around the Petronas...
The Middle East conflict continues to fuel inflation and impact global economies, leading to growing doubt among UK shoppers and prompting governments like India and Albania to implement measures such as export duties, reduced excise taxes, and price board meetings to stabilize fuel prices. Spanish families are also saving more amidst rising inflation, while European fund managers advise on investment strategies to mitigate risks.
Brazilian oil company Petrobras is set to purchase Petronas' 50% stake in the Campos Basin for $450 million, expanding its offshore oil and gas assets.
Malaysia's highest court has granted national energy firm Petronas the right to legally challenge several laws passed by the state of Sarawak, escalating a dispute over gas distribution rights.
The High Court has scheduled April 7, 2026, for the mention of Petronas' judicial review application concerning RM120 million in gas penalties imposed by Sarawak.
Petronas has reported a profit slide for the third consecutive year, attributed to the impact of oil prices weighing on its margins.
A constitutional battle over energy wealth in Malaysian Borneo between Sarawak and Petronas has reached the country's highest court, testing Prime Minister Anwar Ibrahim's ability to maintain his ruling coalition.
The International Energy Agency (IEA) and other organizations have issued urgent warnings that Europe could run out of jet fuel within six weeks. This potential shortage is a primary concern for the EU, prompting discussions about emergency plans.
Malaysian Prime Minister Anwar Ibrahim has called for an end to allegations regarding diesel being supplied to the Philippines, stating that the claims are untrue and that recent shipments were not from the national oil company Petronas.
Petronas has refuted a foreign report claiming its involvement in a shipment of approximately 329,000 barrels of diesel to Manila, stating no such deal exists.
Valaris and Halliburton have entered into a pact with Petronas to develop its assets offshore Suriname.
Malaysian Prime Minister Anwar Ibrahim has announced that Petronas, the national oil and gas company, has transitioned to being a net importer of fuel. This shift indicates a change in Malaysia's energy production and consumption dynamics.
KUALA LUMPUR, March 31 — Petroliam Nasional Bhd (Petronas) continues to closely monitor the nation’s fuel su...
Malaysian universities recorded an overall improvement in the QS global subject rankings, with Universiti Teknologi Petronas (UTP) achieving a historic top 10 global ranking, though Universiti Malaya (UM) saw a decline.
Sarawak, on Borneo island, is home to more than 60 per cent of Malaysia's gas reserves and has long sought greater control over its natural resources.
Malaysia's state-owned energy company, Petronas, has reported a new hydrocarbon discovery in the North Ketapang Block, located off the coast of Indonesia.
An unprecedented legal showdown between the Sarawak state government and national oil corporation Petronas over hydrocarbon resource ownership could change long-assumed understandings of federal power in Malaysia, say analysts.
Court dismisses Petros' challenge of PETRONAS call on RM7.95mil bank guarantee The Star
The move follows an application in January filed by Petronas, the energy firm owned by Malaysia's federal government, seeking clarity about the legal and regulatory framework governing its operations in Sarawak.
PETRONAS will supply surplus fuel to Australia as leaders from both nations commit to strengthening their energy cooperation.
Malaysian Prime Minister Datuk Seri Anwar Ibrahim denied any involvement of Petronas in the alleged diesel supply to the Philippines and called for an end to the ongoing controversy. His statement aims to clarify the situation and de-escalate tensions.
Petronas Tanker Clears Hormuz, Bound for Refinery in Malaysia Bloomberg.com
US President Donald Trump on Sunday stepped up his threat to hit Iran's critical infrastructure hard if the country's government doesn’t reopen the Strait of Hormuz by his Monday deadline. Trump punctuated his threat with profanity in a social media post Sunday, saying that Tuesday will be “Power Plant Day, and Bridge Day, all wrapped up in one, in Iran.” He also offered details of the rescue of a “seriously wounded and really brave” US service member he identified as a “respected colonel” who w
Prices for commercial LPG have increased by Rs 195.50, premium petrol by Rs 11 per litre to Rs 160, and jet fuel has crossed Rs 2 lakh per kilolitre, with these surges attributed to escalating global oil prices linked to the West Asia conflict. The US-Israel war with Iran is directly hitting India's aviation and hospitality sectors, causing record-breaking aviation fuel prices and more expensive commercial LPG cylinders.
As of March 27, 425 out of 14,485 gas stations across the Philippines have temporarily closed due to an ongoing fuel crisis, according to the Philippine National Police.
KUCHING, March 18 — The Sarawak government is prepared to file its own petition in the Federal Court to ensure all...
Malaysia’s Petronas Monitors Mideast Conflict ‘With Concern’ Bloomberg.com
Malaysia's state-owned oil and gas company, Petronas, is projected to pay a RM20 billion dividend to the government in 2026.
KUCHING, Feb 25 — The High Court here today dismissed a Petroleum Sarawak Bhd’s (Petros) application to chal...