KUALA LUMPUR (Feb 24): Petroliam Nasional Bhd (Petronas) said its subsidiary PC North Madura II Ltd has made an oil discovery at the Hidayah-1 exploration well, located within the North Madura II Production Sharing Contract (PSC), offshore East Java, Indonesia. PC North Madura II Ltd is the operator with 100% participating interest in the North Madura II PSC. In a statement today, Petronas said the Hidayah-1 exploration well was spudded on Jan.
THE recent uptrend in crude oil prices seems to suggest that the commodity is staging a comeback. Since breaching the US$50 per barrel mark in early December last year, Brent crude has continued to climb steadily amid the continued uncertainty surrounding the virus.
On Feb 8, Brent crude climbed above US$60 a barrel for the first time in a year.
The rise in oil prices has been linked to several factors. One is undeniably propped up by the Covid-19 vaccine breakthrough last year, renewing optimism about fuel consumption, while colder winters have also helped push up prices, especially for liquefied natural gas (LNG).
Petronas sheds light on how it plans to evolve
PETALING JAYA: Renewable Energy (RE) is without a doubt the future in energy consumption and mix and a much-debated topic not only in Malaysia but also globally as it needs the right policies, infrastructure and funding.
In a no-holds-barred interview on the issue, Petroliam Nasional Bhd (Petronas) president and chief executive officer Tengku Muhammad Taufik Tengku Aziz (pic below) shed some light on how Malaysia’s only Fortune 500 company is gearing up to future-proof itself.
He said there was a good two-to-three-decade window for Petronas to strategise its position, while it may look like a long gestation period, it is anyone’s guess as to when such a shift could happen.
KUALA LUMPUR (Feb 21): Renewable Energy (RE) is without a doubt the future in energy consumption and mix and a much debated topic not only in Malaysia but also globally, as it needs the right policies, infrastructures, and funding.
In a no holds barred interview on the issue, Petroliam Nasional Bhd (Petronas) president and chief executive officer Tengku Muhammad Taufik Tengku Aziz shed some light on how Malaysia s only Fortune 500 company is gearing up to future proof itself.
He said there is a good two to three decades window for Petronas to strategise its position, while it may look like a long gestation period, it is anyone s guess as to when such shift could happen.
KUALA LUMPUR: Renewable energy (RE) is without a doubt the future in energy consumption and mix and a much debated topic not only in Malaysia but also.