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 BusinessInsider, a report on how India, Vietnam, Thailand, Malaysia, and Bangladesh are stepping up to replace China as the world’s factory: China’s COVID policies are pushing companies to diversify supply chains away from the country. They had already begun moving out due to geopolitical tensions and tariffs from the Trump era. India, Vietnam, Thailand, […]
Read more »Via Oil Price.com, a report on some new countries’ ambitions to join OPEC: Chad, Congo, and Malaysia are all lining up to join OPEC, Gabriel Mbaga Obiang Lima, the energy minister of the cartel’s newest member Equatorial Guinea, told Russian outlet Sputnik on the sidelines of the CERAWeek conference in Houston on Wednesday. In Africa, countries like […]
Read more »Via Mark Mobius’ blog, a look at Iskandar, Malaysia: Our emerging markets team isn’t too keen on following crowds. Part and parcel of Templeton’s contrarian approach is traveling to places others aren’t, and thinking about the long-term potential in specific industries and companies that may not be on others’ radar screens. One place we’ve had […]
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 […]
Read more »Courtesy of The Wall Street Journal, a report on Malaysia’s recent decision to replace the top executive of its giant national oil company. As the article notes, the move: “….has sparked concern among analysts, employees and opposition leaders that the government wants to assert more control over the company. The move, they fear, could threaten […]
Read more »