Petronas
Petronas Capex Recovery Expected To Boost OGSE Growth
Higher oil prices and increased upstream activity could drive Petronas spending recovery, supporting Malaysia's oilfield services sector.
Category: Petronas
Business News
PETRONAS and Tenaga Nasional Elevate Malaysia on the Global Energy Stage
PETRONAS and Tenaga Nasional have achieved top global rankings in Brand Finance’s Energy 100 2026 report, reinforcing Malaysia's growing energy influence.
Petronas
Petronas Records RM152.4 Billion H1 2026 Revenue Driven by Domestic Production and LNG Sales
Petronas achieved RM152.4 billion in revenue in H1 2026 due to higher production and LNG sales, despite rising operational costs.
Petronas
PETRONAS, TotalEnergies and Mitsui Ink JV to Advance Southern CCS Hub
PETRONAS, TotalEnergies and Mitsui have formed a joint venture to develop Malaysia’s Southern Carbon Capture Storage Hub.
Business News
Petronas relinquishes Brazil block due to poor exploration outcomes
PETRONAS has officially decided to relinquish its interest in a high-profile, ultra-deepwater exploration block offshore Brazil after failing to secure a commercial discovery.
Crude Palm Oil
As a net exporter of oil and gas, Malaysia is expected to gain revenue from higher crude prices
Malaysia benefits from high oil prices, but faces inflation and logistical risks due to the UAE's exit.
oil and gas
PETRONAS and ENEOS Reaffirm LNG Partnership for Energy Security
PETRONAS and ENEOS renew LNG partnership, securing 10% stake in MLNG Tiga to strengthen energy security and support Asia’s growing demand.
oil and gas
Petronas Gas: Quick Thoughts, Maintain NEUTRAL. Target Price : RM19.25
Steel Hawk Bhd's subsidiary has secured a logistics contract with Petronas Gas, effective from April 2026 to April 2029.
Petronas
Petronas Dagangan Confirms Fuel Issue at Samarahan Station Affects Several Vehicles
Petronas Dagangan Berhad addressed an operational incident at a station causing vehicle breakdowns, assuring fuel quality and contacting affected customers.
Science
PETRONAS, Putrajaya Holdings to Build National Geoscience Technology Centre in Putrajaya
PETRONAS and Putrajaya Holdings sealed a landmark deal to develop a state-of-the-art geoscience centre advancing Malaysia’s energy innovation.
oil and gas
Petronas Signs 20-Year LNG Deal with Pembina for Canadian Cedar Project
Petronas secured a 20-year agreement with Pembina Pipeline for 1mtpa LNG capacity at Canada’s Cedar project, starting operations in 2028.
Company
Rafizi: Petronas Profit Margins Only 10-15%, Not 95% as Claimed
Rafizi Ramli refuted claims that Petronas takes 95% of Sarawak's O&G revenue, explaining profit margins are only 10% to 15%.
Development
PETRONAS Capex Cuts Hit Local OGSE Sector as Profits Decline Amid Weaker Oil Prices
PETRONAS' capital expenditure fell 31% in H1 2025, impacting Malaysia's OGSE industry and causing weaker corporate earnings for firms.
Analyst Report
PETGAS 2QFY25 Results In Line; Maintain HOLD: Analysts
Apex Research reports Petronas Gas's 2QFY25 profit decline, driven by weaker Gas Transportation while maintaining dividend stability amid market challenges.
Company
Petronas Chemicals Reports RM1.08b Loss in 2Q 2025
Petronas Chemicals reported a RM1.08 billion net loss in 2Q 2025 due to lower revenue, impairments, and foreign exchange losses, with declining plant utilisation.
Fuel
Azalina: Petronas’s Sarawak Oil & Gas Rights Secure Under PDA 1974
Azalina Othman Said confirmed Petronas's rights to Malaysia's oil and gas under the Petroleum Development Act 1974, addressing Sarawak's claims.