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The Latest Breaking News from Petronas

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

Petronas backs BRT Super2 entry

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

Motorsport

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

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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

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

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

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

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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

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.

Bangkok Post

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.

Reuters

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.

Autosport

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,…

The Conversation

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.

Bangkok Post

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

Financial Times

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Reuters

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

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

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

Petronas to be title partner of TVS Racing

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

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Bangkok Post

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.

Bangkok Post

Mitsubishi, Petronas to sell stakes in Myanmar Yetagun gas field

TOKYO/SINGAPORE: Malaysia's Petronas and Japan's Mitsubishi Corp are divesting their stakes in Myanmar's Yetagun gas field, the companies said, in the latest exits by major energy companies from the country since last year's military coup.

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