Round-the-clock breaking news from Malaysia.
Sabah is poised to acquire a 40 per cent stake in a floating liquefied natural gas project following an upcoming agreement with Petronas, Chief Minister Datuk Seri Hajiji Noor announced, marking increased state participation in oil and gas ventures.
Petronas fuel supplies across Malaysia will remain stable and adequate through September, covering about half the nation's domestic demand. The government is diversifying crude sources and monitoring energy security amid regional tensions.
Khairy Jamaluddin has called for judicial intervention to settle the Petronas-Sarawak dispute, arguing that legal clarity must take precedence over political considerations to safeguard Malaysia's oil and gas sector.
Bangladesh has formally requested Malaysia's help securing liquefied natural gas supplies to address a critical energy shortage, according to Prime Minister Anwar Ibrahim following talks with his Bangladeshi counterpart.
Petronas has clarified that despite holding naming rights to Sepang International Circuit, it does not own or operate the facility, nor does it manage F1 ticket sales. The circuit is owned by a company under the Ministry of Finance.
Prime Minister Anwar Ibrahim announced that a Petronas vessel has received clearance to traverse the Red Sea and will dock in Melaka in early August, marking another success for Malaysia's balanced diplomatic approach amid regional tensions.
Malaysia has introduced legislation to establish a National Trust Fund designed to accumulate wealth for future generations through mandatory government contributions, revenue from Petronas dividends, and export duties on depleting resources.
Malaysia's FBM KLCI surged past the 1,700 level on strong performances from PETRONAS subsidiaries and major banks, defying broader regional market weakness triggered by geopolitical tensions and rising crude oil prices.
Malaysia's energy supply is secure with no current disruptions, Deputy Prime Minister Datuk Seri Fadillah Yusof assured, though global oil price volatility remains an economic concern amid Strait of Hormuz tensions.
Southeast Asia is poised for a 12 per cent increase in new offshore energy projects to exceed US$100 billion, signalling resilience despite lingering West Asian tensions. Investment analysts expect price stability around US$70-75 per barrel will benefit regional businesses.
Eastern Pacific Industrial Corp (EPIC) is charting an ambitious growth trajectory, targeting RM700 million in annual revenue and RM1 billion net asset value by 2030 through strategic expansion in oil and gas, port management, and renewable energy sectors.
Petronas Carigali subsidiary Vestigo Petroleum has confirmed a fire at its West Lutong Vent A facility offshore Sarawak on June 28, with no injuries or environmental threats reported.
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A Sessions Court in Kuala Lumpur heard claims that a former Petronas manager leaked confidential reports to Petros, potentially compromising delicate negotiations between the two state-linked organisations.
Prime Minister Anwar Ibrahim's working visits to Kazan and Ashgabat have delivered strategic energy agreements expected to strengthen Malaysia's energy security and support the government's development agenda.
Petronas is spearheading deepened Malaysia-Turkmenistan relations through expanded energy operations in Central Asia, following PM Anwar Ibrahim's recent diplomatic visit to the region.
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A Malaysian court heard evidence that a former Petronas manager deliberately transferred confidential company information to Petros, with the oil giant's own cyber security team confirming the breach.
Petronas has confirmed adequate fuel supplies across its nationwide station network through August amid global energy concerns. A dedicated crisis management task force monitors supply security while diversifying crude oil sources beyond West Asia.