Arkansas-based Murphy Oil is reportedly in talks to sell oil and natural gas assets in Malaysia, including its majority interests in eight separate offshore production-sharing contracts. The move comes after a compelling, but unsolicited bid that could fetch between $2 billion and $3 billion for Murphy Oil, Reuters reported last week. The proposed deal could […]

Malay government is in talks with ASEAN countries China, Japan and South Korea for the brighter future of green jobs in South-east Asia Malaysia puts its focus on promoting green industries and jobs in the ASEAN countries. The south-east Asian country hopes to promote the identification of the potentials and prospects for green industries and jobs […]

With the ICPT mechanism, govt can manage fuel price fluctuations should situations where fuel prices go sky-high or rock bottom occur Over the past three months, some Malaysians may have been cautiously smiling on the quiet when crude oil prices surged past the US$80 (RM336) a barrel mark. Their elation could have stemmed from their […]

International Swiss trading firm Vitol Group, one of the largest energy traders in the world, has stepped forward as a customer for liquefied natural gas (LNG) from the 25% share in the LNG Canada project owned by Malaysia’s state-owned Petronas. The new export terminal, under construction on the northern Pacific coast of British Columbia, would […]

KUALA LUMPUR (Nov 30): Bumi Armada Bhd’s share price fell as much as three sen or 16% to 16 sen so far today amid broader market losses and after analysts said crude oil markets remained bearish. At 12:30pm, oil and gas (O&G) support services provider Bumi Armada shares settled at 16.5 sen with some 154 […]

A new central North Sea sidetrack well has come up trumps for Malaysian firm Hibiscus Petroleum and its partner. Hibiscus said the sidetrack on the Guillemot A field was completed in September and was making a “positive contribution”. It is capable of flowing at 3,697 barrels of oil per day and could yield 1.5 million […]

SERI KEMBANGAN: Sapura Energy Bhd is open to partnerships with global corporations for its drilling segment and is currently in talks with several potential partners. Its president and chief executive officer Tan Sri Shahril Shamsuddin said Sapura Energy seeks more collaborative opportunities and is considering several joint ventures from potential companies in the drilling segment. […]

KUALA LUMPUR: Malaysia hopes to promote the identification of potentials and prospects for green industries and jobs in Asean member states besides developing corresponding policies. Prime Minister Tun Dr Mahathir Mohamad said this while referring to the Malaysia’s role as the chair of the association’s labour sector from 2018 to 2020. “Going further, we look […]

KUALA LUMPUR, Nov 23 (Reuters) – Malaysia’s Petronas said on Friday production at the Kebabangan gas field in the eastern state of Sabah was expected to return to full capacity by August 2019 following disruption caused by a gas leak at an associated pipeline. The problem was caused by a leak from the Sabah Sarawak […]

The turnaround in global oil prices to multiyear highs helped Petroliam Nasional Bhd (Petronas) to register a 43.98% jump in net profit to RM14.34 billion for the July through September period. In the third quarter (3Q), global oil prices were traded around US$70 (RM293.22) a barrel, compared to US$50 a barrel a year before, lifting […]