The Business Times

Petronas

Energy & Commodities

Petronas names new COO following Sarawak gas dispute: report

The company has also been struggling with declining profits and last year announced it was cutting around 10% of its workforce

Petronas says it seeks a Federal Court ruling on the legal framework for its Sarawak operations to ensure compliance.
Asean Business

Petronas seeks court clarity on Sarawak operations in gas licensing dispute

Sarawak’s push to control gas sales has raised concerns about potential revenue losses for the national energy firm

The agreement between Petronas LNG and CNOOC Gas and Power Singapore Trading & Marketing builds upon existing cooperation between the two companies.
Energy & Commodities

Malaysia’s Petronas signs LNG supply deal with China’s CNOOC

[KUALA LUMPUR] Malaysian state-owned energy firm Petroliam Nasional said on Wednesday (Dec 24) it would supply Chinese offshore oil and gas company CNOOC with 1 million tonnes per annum of liquefied n...

The joint venture between Italy’s Eni and Malaysia’s Petronas plans to invest more than US$15 billion over the next five years to develop roughly three billion barrels of discovered reserves and explore a further 10 billion barrels.
Asean Business

Eni, Petronas merge Indonesia, Malaysia assets in joint venture

The new entity, NewCo, will manage 19 assets, 14 in Indonesia and five in Malaysia

Petronas has been in dispute with Petros over gas distribution rights in Sarawak since last year, and faces another court case with Petros involving gas rights in the state.
Energy & Commodities

Petronas reaffirms gas supply commitments after Malaysian court win

Shell Malaysia says that Shell MDS respects and will comply with the ruling of the Court of Appeal on the matter

More than 16 million Malaysians will benefit from the cheaper fuel, which remains heavily subsidised compared with regional peers.
Asean Business

Malaysia cuts RON95 petrol price to RM1.99 a litre ahead of Sabah state election, Budget 2026

Non-Malaysians are allowed to purchase RON95 petrol at RM2.60 per litre

The government, under a 2023 national energy transition roadmap, is targeting a 47% SAF blending mandate by 2050.
Asean Business

Petronas delivers first local sustainable aviation fuel to Malaysia Airlines

The announcement comes as the country looks to build domestic production, blending, and supply of SAF

Asia Pacific’s biofuel transport demand is expected to surge to about 250 million litres per year by 2030, marking the fastest growth globally and underscoring the scale of opportunities in the region.
Energy & Commodities

South-east Asia set to export surplus biofuels to Europe, Petronas executive says

[SINGAPORE] South-east Asia is positioned to export biofuels to other markets such as Europe as production capacity exceeds demand in the region, a senior executive with Malaysian state oil and gas co...

Petronas confirmed it was working with authorities after the National Security Council on Monday ordered LNG facilities in Sarawak to tighten security following an unspecified threat.
International

Malaysia deputy PM says Petronas received threat to 'burn' LNG facilities

[KUALA LUMPUR] A security warning by Malaysian authorities for liquefied natural gas facilities was issued after an employee at state energy firm Petronas received a threat by phone to burn them down,...

Petronas posted a profit after tax of RM26.2 billion (S$7.96 billion) in the six months ending June 30, down 19 per cent from RM32.4 billion in the corresponding period of last year.
Energy & Commodities

Malaysia's Petronas says it will undergo 'strategic transformation' as H1 profit falls

Revenues in H1 declined 24% to RM132.6 billion, compared with RM173.6 billion a year earlier

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