Japanese shipowner K Line has inked a long-term time charter contract of 12 years plus 12 years from 2022 with Petronas LNG.

CSSC Hudong-Zhonghua Shipbuilding announced it has inked contract with Petronas for the construction of two LNG carriers.

The good news for international offshore vessel owners is that there is more work in Malaysia and coming up in Australia. The bad news is though that rates are so low it’s a case of “the more you work, the more you lose”, says Mike Meade ceo of M3...

Malaysia’s Petronas is poised to provide LNG bunkering services starting 1 January 2020 as part of efforts to support the government’s move towards developing the country as a bunkering hub.

Petronas took another step in product diversification in meeting the needs of a more varied market, with its Petronas LNG unit successfully delivering its first break bulk liquefied natural gas (LNG) cargo by ship-to-ship (STS) transfer.

Amid more signs of a slight recovery in the Malaysian oil and gas (O&G) market, national oil company Petroliam Nasional (Petronas) said it is boosting upstream capital expenditure this year to MYR26bn ($6.7bn), local reports said.

Small packages of work continue to trickle through in the Malaysian oil and gas (O&G) space as Petronas exploration and production (E&P) unit Petronas Carigali carefully allots out contracts, with service provider Uzma announcing it had been...