Abu Dhabi-based Mubadala Petroleum and Royal Dutch Shell have swapped equity stakes in two exploration blocks off Malaysia, the companies said on Sunday.
Mubadala has taken a 20 per cent interest in the Shell-operated deepwater Bl
Canada approved China's biggest foreign takeover, the $15.1 billion bid by CNOOC for energy company Nexen, after the Chinese giant agreed to conditions, but drew a line in the sand against future purchases by state-owned enterprises.
Canada has blocked Malaysian state oil firm Petronas' C$5.17 billion ($5.2 billion) bid for gas producer Progress Energy Resources in a surprise move that could signal problems for a much larger Chinese deal in the country's energy secto
National energy company Petronas will develop a $5.1 billion gas project off Malaysia's east coast with first delivery expected in two years, helping to bolster the country's slowing output and meet soaring power demand.
The North Malay B
Qatargas agreed to supply Malaysia's Petronas LNG 1.5 million tonnes of liquefied natural gas annually for at least 20 years from 2013, the world's biggest LNG producer said on Sunday.
"It is the first time Qatargas has signed a HOA (heads
Iraq and partners Royal Dutch Shell and Petronas awarded a contract worth more than $60 million to Turkish firm Enka to install and operate two production facilities at the Majnoon oilfield, an Iraqi oil official said.
The construction and
Iraq and its partners Royal Dutch Shell and Malaysia's Petronas have awarded Dubai-based Dodsal Group a $106 million contract to lay a pipeline at the Majnoon oilfield, an Iraqi oil official said.
Under the deal, Dodsal Group will bui
State-run Petronas will build a $20 billion integrated refinery and petrochem complex, Malaysia's largest single investment in recent years, that will boost its refining capacity by half, to 935,300 bpd, as it looks to meet Asian demand f
Malaysia's Petronas could spend up to MR275 billion ($90.6 billion) over the next five years as the state oil giant seeks to boost its stable of high-yielding oil assets and secure profit growth, its chief said on Wednesday.
The initial development plan agreed by Royal Dutch Shell, Malaysian partner Petronas and Iraqi oil officials includes inviting oil service firms to drill 15 new wells, an Iraqi oil official said.
The plan also includes building two new cru