Petronas
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Eni and Petronas launch gas joint venture in Southeast Asia
Eni and Petronas launch gas joint venture in Southeast Asia MILAN, June 8 : Italy's Eni and Malaysia's Petronas have established a 50-50 joint venture combining energy businesses across Indonesia and Malaysia after signing an investment agreement in November, they said on Monday. The move is part of Eni's so called satellite strategy to spin off specific assets and develop them separately with the help of a partner. The new company, named Searah, will start from an initial production base of...
Petronas Seeks Access to Turkmenistan Gas Field, Bernama Says
The Petronas Twin Towers in Kuala Lumpur, Malaysia, on Tuesday, Aug. 27, 2024. A quarter-century after the Petronas Twin Towers became the world’s tallest buildings and reshaped Kuala Lumpur’s skyline, Malaysia’s capital is continuing to add new skyscrapers despite growing doubts over the level of demand for property. Photographer: Ian Teh/Bloomberg
UK's EnQuest expands Malaysian presence with $833 million assets deal
UK's EnQuest expands Malaysian presence with $833 million assets deal June 10 : North Sea-focused oil producer EnQuest agreed on Wednesday to buy interests in four offshore contracts in Malaysia for up to $833 million from state-run Petronas, as the British company expands its South East Asian presence. The deal comes as EnQuest and other energy firms grapple with Britain's levies on energy profits, raising concerns around the competitiveness of North Sea producers and prompting the company...