Analysts upbeat on malaysia’s O&G sector amid Petronas’ robust activities
KUALA LUMPUR, Jan 5 — Maybank Investment Bank (IB) is maintaining its positive call on the Malaysian oil and gas (O&G) sector amid a more...
Govt to kick off 15 initiatives this year to grow oil, gas, services industry
KUALA LUMPUR, April 26 — The Economic Planning Unit (EPU) and Malaysia Petroleum Resources Corporation (MPRC) plan to kick off 15 initiatives this year under...
Moody’s expects O&G firms to raise capex in 2021
KUALA LUMPUR, April 8 — Oil and gas (O&G) companies are expected to increase their capital expenditure (capex) programme in 2021, if crude oil prices...
Petronas records RM21.0 bln loss for fiscal year 2020 on RM31.5 bln impairment
KUALA LUMPUR, Feb 26 — Petroliam Nasional Bhd (Petronas) today reported a group loss after tax of RM21.0 billion for the financial year ended December...
Petronas announces gas discovery in Baram exploration well
KUALA LUMPUR, Feb 24 — Petroliam Nasional Bhd (Petronas) has announced a gas discovery from Dokong-1 wildcat exploration well in Block SK417 Production Sharing Contract...
Petronas Chemicals posts RM1.62 bln net profit for financial year 2020
KUALA LUMPUR, Feb 23 — Petronas Chemicals Group Bhd’s (PChem) net profit for its financial year ended December 31, 2020 slipped to RM1.62 billion from...
Worst deemed over for oil and gas industry
KUALA LUMPUR, Feb 11 — In the short term, it appears that the worst is over for the oil and gas (O&G) industry after a...
Petronas puts in place plans to rebound post-Covid-19
KUALA LUMPUR, Dec 16 — Petroliam Nasional Bhd (Petronas) has put in place plans to rebound and recover post-Covid-19 as the company is reeling from...
In boost to climate action, Britain to stop backing overseas oil and gas projects
LONDON, Dec 12 — British Prime Minister Boris Johnson will pledge to end direct government support for overseas fossil fuel projects at a UN summit...
Petronas Dagangan third quarter net profit slips to RM212.66 mln
KUALA LUMPUR, Nov 17 — Petronas Dagangan Bhd’s net profit slipped to RM212.66 million for the third quarter ended September 30, 2020 (Q3 2020) from...
Mega mergers in oil and gas on the card — Analyst
KUALA LUMPUR, Sept 18 — The impact of the Covid-19 pandemic on the oil and gas industry (o&g), coupled with green agenda activism, could trigger...