With Malaysian national oil company Petronas set to make cuts in its operating expenditure (opex) by between 25% and 30%, the year ahead for oil and gas (O&G) industry players does not look bright, with many of them relying on the company for the...

British Colombia Premier Christy Clarke sees a planned LNG export terminal under a deal with Malaysia’s Petronas as really putting it “onto the world stage”.

Budding Malaysian offshore player Yinson Holdings has been awarded three Petronas licences through its Yinson Energy unit, which will enable it to tender in  a wider range of future projects offered by other oil companies, local reports said.

Petronas may sell its four LNG carrier newbuildings to MISC as it focuses more on its ongoing commitments in various oil and gas (O&G) projects, CIMB Research was quoted as saying in local media.

Petronas has bought a 15.5% share in Caspian gas field Shah Deniz from Norway’s Statoil, at a cost of $2.25bn.

The Maersk jack-up rig Maersk Convincer has gained a one-year contract extension worth $56m from Malaysian national oil company Petronas' exploration and production arm Petronas Carigali, according to local media reports.

Yet another Malaysian company is piling into the the oil and gas (O&G) sector, with Sabah-based Priceworth International forming a 60-40 joint venture (JV) with Miri company Semaring Enterprise.

Malaysia's MISC saw second quarter earnings fall 4.2% to MYR 288.1m ($89.9m) due to a higher net loss from ship disposals and the absence of net impairment reversals compared to the same period a year ago, it said in a stock market release.

ABS has bagged the classification of Malaysian state-oil and gas firm Petronas’ second Floating LNG facility PFLNG 2.

A Sarawak-government linked group is believed to be looking at injecting MYR200m ($61.5m) in oil and gas (O&G) fabrication assets into a reverse takeover of loss-making bottled water company BIO Osmo to transform it into an O&G company, local...