KUALA LUMPUR: The government is urged not to make the people the scapegoat in facing the decline of global oil revenue. This call comes following reports that the national oil company, PETRONAS, plans ...

Bersatu vice-president Radzi Jidin today reminded the government that redundancies affect all categories of workers, regardless of whether they are contract staff or permanent employees.

KUALA LUMPUR (June 6): Petroliam Nasional Bhd (Petronas) is cutting 10 per cent of its workforce to cope with challenging operating conditions, particularly due to falling crude prices.

Petronas contributes to some 10 per cent of Malaysia’s revenue in 2024 through dividends and taxes. Tengku Taufik said Petronas had based its budget on Brent oil prices at around US$75 to US$80 ...

Petronas’ profits slid 32 per cent in 2024, following a 21 per cent drop in 2023. The challenges are slated to continue in 2025, in part due to a continued decline in Brent crude prices. BLOOMBERG ...

Petroliam Nasional Bhd (PETRONAS) says that it remains committed to its investments in Canada, where it operates the North Montney joint venture upstream gas development.

Petronas has nearly 50,000 employees, according to its website. Bloomberg had reported earlier on Tuesday that Petronas is considering a sale of its Canadian company, formerly known as Progress Energy ...

An NGO slammed DAP MP Chong Chieng Jen for urging the Sarawak government to push for a 30 percent equity stake in Petronas, as it would hinder the federal government's financial ability while ...

"Petronas explores sale of $7bn Canadian business" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good ...

Petroliam Nasional Bhd (PETRONAS) is considering options for its Canadian company formerly known as Progress Energy Resources Corp, including a sale, according to people familiar with the matter.

Petronas also holds a 25% stake in the LNG Canada project, a joint venture for liquefied natural gas in which Shell Plc, PetroChina Co. Ltd., Mitsubishi Corp. and Korea Gas Corp. also participate.

A Petronas spokesperson said the company is committed to its investments in Canada. Petronas bought Progress Energy for about $5.3 billion in 2012, boosting the Kuala Lumpur-based firm’s shale ...