Petronas, Malaysia's state energy company, confirmed discussions are ongoing with Sarawak's state-run energy operator Petros regarding the role of gas aggregator. The talks are crucial as Sarawak ...

For the financial year ending 31 December 2024, Petronas reported net profit of RM55.1bn ($13.02bn), a significant decrease of 31.7% from RM80.7bn the previous year.

Because if Petronas makes losses, so will Sarawak,” he told FMT. Indeed, any divestment by Petronas of its role as the sole gas aggregator in Sarawak will have a significant impact on the ...

Sarawak is committed to working with the federal government, Petronas and Petroleum Sarawak Bhd. — also known as Petros — to implement a collaborative framework in good faith, Abang Johari ...

Malaysian state energy firm Petroliam Nasional Berhad (Petronas) will retain its national authority over oil and gas even as Petroleum Sarawak Berhad (Petros) takes control of gas distribution in ...

Petronas has opted to decommission the Sabah Sarawak gas pipeline (SSGP), a critical piece of Malaysia's energy infrastructure, by the end of 2027, reported Upstream. The decision comes after the ...

PETALING JAYA: Sarawak premier Abang Johari Openg has denied that the state government is looking to “destroy” or “kill off” Petronas, but wants to work with the national oil and gas company.

PTTEP holds a 49.5 percent participating interest in Block SK405B PSC, with MOECO Oil (Sarawak) Sdn. Bhd. and Petronas Carigali holding 25.5 percent and 25 percent respectively.

Last week, Law Minister Azalina Othman said that Petronas’ recognition of Sarawak government-owned Petros as the state’s gas aggregator excludes liquified natural gas, marking a huge setback ...

Petronas, or Petroliam Nasional, has been engaged in stalled negotiations with Petros, Sarawak's state-run energy firm, since last year. The impasse had raised concerns about the potential impact ...

Sarawak accounts for close to 90 per cent of Malaysia’s national LNG exports, and Petronas has held sole rights over the buying and selling of the resource with a heavy reliance on long-term ...