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Canada approves CNOOC-Petronas dealsCanada 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. More… |
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Canada blocks $5bn Petronas bid for gas firmCanada 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 More… |
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Malaysia eyes gas in 2013 from $5bn projectNational 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 More… |
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Qatar agrees to supply LNG to Malaysia for 20 yearsQatargas 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 More… |
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Iraq awards $60m Majnoon facility contractIraq 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 More… |
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Dodsal wins $106m Iraqi pipeline contractIraq 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 More… |
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Petronas plans $20b refining, petchem complexState-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 More… |
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Petronas plans $91bn capex over 5yearsMalaysia'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. Petr More… |
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Iraq oil plan includes drilling 15 oil wellsThe 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 More… |
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Iran fuel cut reports ‘inaccurate’Malaysian Prime Minister Najib Razak has denied reports quoting him as saying the country has halted gasoline sales to Iran, saying there had been no requests since a March sale, the official news agency reported. A news report on Friday q More… |
