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The Latest Breaking News from Petronas

Malaysia’s energy needs face Chinese pushback in South China Sea

Malaysian Prime Minister Anwar Ibrahim has insisted gas and oil exploration will continue despite objections by Beijing.

Al Jazeera · Apr 25, 2023

Malaysia vows to protect sea rights

KUALA LUMPUR: Malaysia said on Saturday it was firmly committed to protecting its sovereign rights and interests in the South China Sea after China expressed concern about Malaysian energy projects in a part of the sea that Beijing also claims.

Bangkok Post · Apr 8, 2023

Malaysia says it will protect its rights in South China Sea

Malaysia said on Saturday it was firmly committed to protecting its sovereign rights and interests in the South China Sea after China expressed concern about Malaysian energy projects in a part of the sea that China also claims.

Reuters · Apr 8, 2023

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Malaysia says Beijing concerned about its energy projects in South China Sea

Malaysian Prime Minister Anwar Ibrahim on Tuesday said Beijing has expressed concerns about energy activities by Malaysian state firm Petronas in the South China Sea, even though Kuala Lumpur believes the projects are in its territory.

Reuters · Apr 4, 2023

Malaysia open to talks with Beijing over dispute in South China Sea - PM

Malaysian Prime Minister Anwar Ibrahim on Monday said he was prepared to negotiate with China over a maritime dispute between the two countries, days after a think tank reported Chinese patrolling close to a Malaysian offshore gas project.

Reuters · Apr 3, 2023

Exclusive-After $15 billion award, sultan's heirs target Malaysian properties in Paris

French bailiffs attempted to enforce a seizure order on three Paris properties owned by the Malaysian government in a case linked to a $15 billion court award to descendants of a former sultan, according to the heirs' lawyers and court documents seen by Reuters.

Reuters · Mar 7, 2023

PTTEP expands footprint in Malaysia

PTT Exploration and Production Plc (PTTEP) continues to expand its reach as it seeks new sources of petroleum in Malaysia in cooperation with two Malaysian firms.

Bangkok Post · Feb 16, 2023

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Petronas backs BRT Super2 entry

Aaron Love will carry Petronas colours for he and Blanchard Racing Team's debut in Super2 this season.

Motorsport · Feb 14, 2023

Malaysia says Luxembourg court sets aside request to enforce $15 billion arbitration award

Malaysia's law minister on Thursday said a Luxembourg court had set aside an attempt made by the heirs of a former sultanate to enforce a $15 billion arbitration award they won against Malaysia.

Reuters · Jan 26, 2023

Le Mans Virtual Series: AMG win at Spa, Verstappen second

James Baldwin, Bono Huis and Graham Carroll took the overall victory in the 6 Hours of Spa, while Max Verstappen finished second.

Motorsport · Nov 6, 2022

Petronas says assessing fire damage at Malaysian joint venture with Aramco

KUALA LUMPUR: Malaysian state energy firm Petronas said on Tuesday it was studying the damage to interconnecting pipes caused by a fire last week at its refinery and petrochemical joint venture with Saudi Aramco.

Bangkok Post · Nov 1, 2022

Scottish university partners energy giant to produce hydrogen from biomass

The £1m research project will be based at a new centre of excellence at Heriot-Watt's Edinburgh campus

Insider UK · Oct 16, 2022

Malaysia plans smaller 2023 budget, goodies ahead of polls

Malaysia plans record development spending in 2023 despite a proposed smaller national budget

The Independent UK · Oct 7, 2022

Petronas to fight asset claims by Southeast Asian sultan's heirs

Malaysian state oil firm Petronas said on Saturday said it would contest any claims on its assets by the heirs of a former Southeast Asian sultan, who are seeking $15 billion in compensation.

Reuters · Oct 1, 2022

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Bangkok Post · Sep 30, 2022

Malaysia fights $15bn asset seizure bid

KUALA LUMPUR: Malaysia has vowed to challenge a move by the heirs of a former sultan to seize its Dutch assets as part of the descendants’ efforts to enforce a US$15-billion arbitration award against the Malaysian state.

Reuters · Sep 30, 2022

Malaysia to fight move by late Sultan's heirs to seize Dutch assets

Malaysia on Friday said it will challenge a move by the heirs of a former Southeast Asian sultan to seize its Dutch assets as part of the descendents' efforts to enforce a $15 billion arbitration award against the Malaysian state.

Autosport · Sep 28, 2022

Mercedes signs early Petronas deal extension ahead of new F1 2026 rules

Mercedes has secured the commitment of fuels and oil partner Petronas for Formula 1’s new regulations era from 2026, after opting for an early extension of its title sponsorship deal.

The Conversation · Sep 11, 2022

After oil: what Malaysia and Iran may look like in a post-fossil-fuel future

As the devastation of climate change makes the need to decarbonise clearer by the day, countries face the question of what to do with their old fossil fuel infrastructure. While some environmental activists have taken to sabotaging the carbon economy on the back of its emissions in the Global North,…

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Bangkok Post · Jul 19, 2022

Malaysia PM vows to protect global assets as sultan heirs claim $15bn award

KUALA LUMPUR: Malaysia's Prime Minister Ismail Sabri Yaakob promised legal measures on Tuesday to protect the country's assets worldwide, local media reported, as heirs to a 19th century sultan sought to enforce a $15 billion arbitration award via asset seizures.

Financial Times · Jul 18, 2022

The sultan, his family and a $15bn dispute over oil in Malaysia

The heirs to the last ruler of Sulu have seized state-owned energy assets in a lawsuit that dates back to colonial Britain

Reuters · Jul 17, 2022

Malaysian assets at risk globally as late Sultan's heirs claim $15 billion award

The heirs of a 19th century sultanate are seeking to seize Malaysian government assets around the world in a bid to enforce a $14.9 billion arbitration award they won against the Southeast Asian nation, despite a stay on the case handed by a French court, their lawyers told Reuters.

Reuters · Jul 13, 2022

Malaysia obtains stay order against $15 billion award to late sultan's heirs

Malaysia said on Wednesday it had obtained a stay order against the enforcement of a French arbitration court ruling ordering the government to pay $14.9 billion to the descendents of a late sultan over a colonial-era land deal.

Bangkok Post · Apr 30, 2022

PTTEP quitting Yetagun gas field in Myanmar

PTT Exploration and Production Plc (PTTEP) of Thailand and Petronas of Malaysia say they are withdrawing from the Yetagun natural gas project in coup-hit Myanmar.

The Hindu · Apr 25, 2022

Petronas to be title partner of TVS Racing

The team will don a new livery as part of the alliance effective this season

Bangkok Post · Mar 25, 2022

Japan's Eneos plans to withdraw from Myanmar's Yetagun gas project

TOKYO: Japanese energy company Eneos Holdings aims to withdraw from Myanmar's Yetagun gas project in response to "social issues", a spokesperson said on Friday, amid criticism that the project is funding the southeast Asian nation's military junta.

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