A transaction could value the Canadian business at $6 billion to $7 billion, they said. Petronas may also consider selling a minority stake in the business, depending on valuation, the people said.

Petronas, Malaysia's state-owned oil and gas company, will cut about 10 percent of its workforce in a firm-wide restructuring.

Malaysian state energy company Petronas is considering the sale of its Canadian assets, potentially valued at between $6bn and $7bn, reported Bloomberg, citing people familiar with the matter.

A hybrid Petronas model — state-led but innovation-driven, transparent, and green — can position Malaysia as a respected player in the global critical minerals economy. The reality is we cannot just ...

Petronas will operate the Serpang block on behalf of partners Inpex of Japan and South Korea’s SK Earthon, while national upstream company Pertamina Hulu Energi is the operator of Binaiya with ...

Former prime minister Dr Mahathir Mohamad says there are solutions which can favour Sarawak without destroying Petronas.

The dispute over gas distribution rights escalated last week, with a Petronas subsidiary receiving notices from the Sarawak state government.

The Sarawak state government has given the Petronas unit 21 days to obtain a licence or risk being slapped with an undisclosed financial penalty.

Malaysia's state-owned energy firm Petronas said on Friday its subsidiary Petronas Carigali had received notices from the Sarawak state government about its activities in the state, with local ...

Petros is suing to restrain Petronas from utilising funds of RM7.95 million received under a bank guarantee previously given by Petros in respect of the supply of gas.

In a statement posted on its website on Tuesday, Petronas confirmed that a fire had occurred at the main Petronas Gas Berhad (PGB) pipeline near Putra Heights, Subang Jaya, Selangor, on April 1 ...

Malaysia’s state energy major Petronas needs to slash thousands of jobs to survive beyond 2035.