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Petronas urged to review SOP, improve ERP after the recent fire incident

KOTA TINGGI: Petronas has been urged to review the standard operating procedures (SOP) and improve its Emergency Response Plan (ERP), following a fire incident at the Pengerang Integrated Complex (PIC) which killed five people last night. Pengerang MP Datuk Seri

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Petronas’ net profit fell 27% last year compared to 2018

KUALA LUMPUR: Petronas’ net profit fell 27% to RM40.5 billion for the financial year ending Dec 31, 2019 from RM55.3 billion in the 2018 financial year, on the back of four per cent lower revenue of RM240.3 billion for the

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B20: Biodiesel introduced to sustain palm oil demand, maintain price stability

KUALA LUMPUR: The implementation of the Biodiesel B20 Programme for the transport sector is expected to provide sustainable support for palm oil demand, hence ensure price stability for the commodity, Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail

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High Court dismisses Petronas’ application for stay of proceedings

KUCHING: The High Court here today dismissed an application by Petronas for a stay of proceedings in the Sarawak Government’s suit against the national oil corporation over the payment of State Sales Tax (SST). Judicial Commissioner Christopher Chin made the

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Petronas legal challenge over RM1.3bil SST to be heard in Kuching

The High Court in Kuching will hear the legal challenge brought by Petroliam Nasional Berhad (Petronas) to quash the Notices of Assessment issued by Sarawak government to the company to pay over RM1.3 billion in State Sales Tax (SST). This

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Petronas: Outlook for oil and gas industry challenging

KUALA LUMPUR: The outlook for the oil and gas industry remains challenging amid geopolitical upheavals, prolonged trade tensions, and a global economic slowdown resulting in demand disruptions, Petronas vice president for group procurement Liza Mustapha said. “The challenging landscape would

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Tun M visits Petronas’ second floating LNG vessel

GEOJE: Tun Dr Mahathir Mohamad today arrived at Samsung Heavy Industries Geoje Shipyard for a tour of Petronas’ Floating Liquefied Natural Gas (PFLNG) 2 vessel here. The Prime Minister was accompanied by Tun Dr Siti Hasmah Mohd Ali, who will be

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Aramco IPO: Thanks but no thanks, says Petronas

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 yesterday. Expectations that Aramco customers and allies around the world would take

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Petronas wins three exploration blocks in Brazil bid round

KUALA LUMPUR: Petronas through its subsidiary, Petronas Petróleo Brasil Ltda (PPBL) has won three exploration blocks during Brazil’s exploration blocks bid round held at Rio de Janeiro, Brazil yesterday. PPBL won blocks CM 661, CM 715 and CM 541, all

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Dr M: No cronyism in awarding projects

KUALA LUMPUR: Prime Minister Tun Dr Mahathir Mohamad reiterated that there was no cronyism in awarding government projects, including on renewable energy. “I reject this suggestion that these players were related to me. I (want to) ask all my relatives,

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