Petronas – Oil & Gas 360

Halliburton to provide digitalization for PETRONAS exploration activities

July 28, 2020

Halliburton Deploying DecisionSpace® 365 powered by the iEnergy® Cloud to integrate and streamline upstream operations HOUSTON–(BUSINESS WIRE)–Jul. 28, 2020– Halliburton Company (NYSE: HAL) today announced it received a scope expansion from Petroliam Nasional Berhad (PETRONAS) to support their upstream digitalization initiatives and reduce exploration time by increasing collaboration and efficiency. PETRONAS is the custodian of Malaysia’s oil and gas resources

Aramco IPO: It’s a thanks but no thanks from Petronas

November 22, 2019

Reuters KUALA LUMPUR/LONDON – With Saudi Aramco yet to name any major foreign investors in its upcoming share sale, Malaysia’s state energy company Petronas (PETR.UL) decided to take a pass on Friday. Expectations that Aramco customers and allies around the world would take significant stakes in the company have so far not materialized, with the listing looking like it will

Murphy Oil Divests Malaysia for $2 Billion, Executes $300 Million Share Repurchase Program

July 10, 2019

Murphy Oil Corporation Announces Close of Malaysia Portfolio, Executes $300 Million Share Repurchase Program

Petronas Plans 40 Years of Steady Measured Development in B.C. Montney

December 13, 2018

From Alaska Highway News After a hiatus of more than two years, Petronas Energy Canada Ltd. is back in the field in Northeast B.C. as it begins drilling to underpin its share of natural gas for the LNG Canada export project. However, the former Progress Energy Canada Ltd. has no plans to return to the frenetic pace of 2013-2014 when

Petronas Plans $1 Billion Annual Spending for North Montney Ramp Up, Electrification in Northeast B.C.

November 29, 2018

From Alaska Highway News Petronas Canada plans to electrify its operations in Northeast B.C. as it reaccelerates its drilling program and brings spending to $1 billion a year by 2022. The company, formerly Progress Energy, has been in a holding pattern since 2016 after spending three years appraising what proved to be more than 200 trillion cubic feet of natural gas reserves

LNG Canada Gets Another Buyer

November 29, 2018

From Reuters LONDON (Reuters) – LNG Canada, the $30 billion liquefied natural gas (LNG) export project, has bagged another client after project shareholder Petronas signed an initial sales deal with trading house Vitol. Royal Dutch Shell decided in October to construct the export terminal. It was the first major investment decision in a new North American LNG export project for

Petronas Lookback: How Malaysia’s NOC Stacks Up to Global Competition, New Rules

July 9, 2018

From The Malaysian Reserve For over a decade from the early 1990s, Petroliam Nasional Bhd (Petronas) was the champion of national oil companies (NOCs) challenging the established order in the global petroleum industry. Then, it was relatively unheard of for state oil firms to venture outside their national borders to prospect for oil and gas (O&G), strictly the domain of

PETRONAS Back In: Buys 25% of LNG Canada

May 31, 2018

Malaysian energy company PETRONAS is apparently back as an active LNG player in Canada, with the announcement today that it is buying a 25% equity stake in LNG Canada. LNG Canada is a proposed natural gas export project that is planned for Kitimat, British Columbia, Canada. The move was unexpected after PETRONAS withdrew from the $36 billion Pacific NorthWest LNG

Precision Drilling Adds New Director

December 1, 2017

Calgary’s Precision Drilling Corporation (ticker: PDS) has added Michael R. Culbert to its board of directors. Culbert is vice chairman of Progress Energy Canada Ltd, a wholly owned Canadian subsidiary of PETRONAS that is focused on the development of unconventional natural gas. Prior to becoming vice chairman, Culbert served as president and CEO of Progress Energy and president of Pacific NorthWest

TransCanada to Be Reimbursed Following Pacific NorthWest LNG Dump

July 26, 2017

TransCanada Corporation (ticker: TRP) will be reimbursed for all of the costs and charges it incurred to develop the Prince Rupert Gas Transmission (PRGT) project, following the announcement from Pacific NorthWest LNG that it was cancelling its approximately $11 billion liquefied natural gas terminal. Pacific NorthWest LNG is an affiliate of the Malaysian oil and gas company, PETRONAS. The PRGT

Global LNG Competition Stiffens: Who’s Got the Best Deal for Me?

May 10, 2017

Malaysia’s Petronas is looking to entice global buyers with smaller, shorter, more flexible LNG contracts and to eventually supply trucks and ships with the fuel Petronas, Malaysia’s state-owned energy company, and the world’s third-largest LNG exporter is exploring shorter-term contracts and smaller cargo sizes in an attempt to attract more buyers. LNG buyers have been looking for greater flexibility in

Aboriginal and Environmental Groups Hope to Use Enbridge Precedent to Stop $36 Billion LNG Project

October 26, 2016

Groups plan to file lawsuits to stop BC LNG First Nations groups are planning to sue the federal government and the majority stake-owner of the Pacific NorthWest LNG project, Petronas, in order to halt the project on British Columbia’s northern coast. The $36 billion project includes a pipeline and terminal, and was conditionally approved by Canada’s federal government last month

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