Via XRG, a report that XRG, the international investment arm of Abu Dhabi National Oil Co., is acquiring a stake in an offshore gas and condensate field in Turkmenistan: XRG expands footprint in Central Asia with a 38% interest in the offshore “Block I” gas and condensate fields in Turkmenistan Partnership with PETRONAS reflects XRG’s […]
Read more »Courtesy of The Financial Times, a report on Malaysia’s Petronas’ plan to invest $1.6bn in Indian green ammonia: Malaysian state-owned energy company Petronas is set to invest $1.6bn in an Indian green ammonia venture, in a boost to New Delhi’s ambitions to export energy. The investment by Petronas’s Gentari renewables division will give it a 30 […]
Read more »Courtesy of The Diplomat, an article on how Petronas – Malaysia’s state-owned energy giant – benefited from the global spike in oil and gas prices, but its long-term future is less certain: By any measure, 2022 was a banner year for Petronas, Malaysia’s state-owned energy giant. Petronas deals mainly in extracting, refining , and selling […]
Read more »Via Energy Voice, an article on how – at the same time that Savannah Energy was announcing the cancellation of its deal to buy the Petronas assets in Chad – it set out an even more ambitious plan with the Malaysian company: Savannah Energy is an independent with a plan for growth, but the plan […]
Read more »Via Eurasia.net, commentary on Turkmenistan: State newspaper Neutral Turkmenistan this week divulged some interesting and closely guarded information about the level of foreign investment into the nation’s energy sector. According to an article published on August 14, Malaysia’s state-owned Petronas has invested at least $11 billion. China’s CNPC has invested more than $8 billion in the past […]
Read more »Via Reuters, a report that Malaysia’s state oil firm Petronas has put in a bid for an onshore energy field in Myanmar. As the article notes: “…At the moment in Myanmar we are only offshore and the business has been quite good,” Wee [Executive Vice President of Exploration and Production Wee Yiaw Hin] told reporters […]
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