Petronas considers $1 billion stake sale in offshore gas project

Malaysian state-owned oil and gas firm Petronas is aiming to sell a large minority stake in a prized upstream local gas project for up to $1 billion as it seeks to raise cash and cut development costs, two sources familiar with the matter said.

Feb 20, 2017, 17:56 PM IST
Lewis Hamilton`s new helmet knocked on the head

Lewis Hamilton`s new helmet knocked on the head

Formula One world champion Lewis Hamilton was forced to shelve a flashy new helmet on Friday after it fell foul of a ban on switching designs mid-season.

Mar 27, 2015, 12:38 PM IST

Oil price slump threatens Malaysia's oil ambitions

A collapse in oil prices is making it harder to attract investment in the next phases of a plan to build one of Asia`s biggest energy hubs on Malaysia`s southernmost tip, a development estimated to be worth over $50 billion.

Feb 27, 2015, 03:06 AM IST

Petronas ties up with Maruti Suzuki to supply lubricants

Malaysia-based lubricants maker Petronas has tied up with the country's largest car maker Maruti Suzuki India Ltd (MSIL) to supply customised lubricants for diesel vehicles.

Sep 30, 2014, 21:40 PM IST

Punj Lloyd shares surge 10% on PRPC Refinery and Cracker order

Punj Lloyd's scrip soared 9.88 percent to Rs 40.60 -- its upper circuit limit.

Sep 08, 2014, 13:00 PM IST

IOC to buy stakes in Petronas' LNG project for $900 mn

Indian Oil Corp, the nation's largest oil firm, on Friday signed a deal to buy a 10 percent stake in shale-gas assets and a linked liquefied natural gas (LNG) project in British Columbia for USD 900 million.

Mar 07, 2014, 19:19 PM IST

Petronas to sell 25% stake in Canadian Progress to Indian company

Petronas has agreed to sell a 25 percent stake in Canadian Progress Energy Resources Corp. to an Indian company.

Feb 25, 2014, 08:29 AM IST

Reliance Industries eyeing Petronas stake in Venezuela project

Reliance Industries is looking at buying Petronas' 11 percent stake in Venezuela's USD 20 billion Carabobo-1 project, a company official said Tuesday.

Jan 14, 2014, 18:28 PM IST

RIL eyes stake in Venezuela crude oil block, Mexico exploration assets

Energy major Reliance Industries is looking to pick up an 11 percent stake in Venezuela`s Petrocarabobo project that was recently surrendered by Malaysia`s Petronas, and is eyeing exploration assets in Mexico, a company official said.

Jan 14, 2014, 16:16 PM IST

Petronas nears deal to sell Canada shale stake to Indian company

Malaysia`s Petronas is close to selling a stake in its Canadian shale gas assets to an Indian company as it looks to share some of the costs of bringing cheap liquefied natural gas from North America to energy-hungry Asia.

Nov 12, 2013, 16:23 PM IST

OVL not to exercise pre-emption rights in Venezuela oil project

A consortium of ONGC Videsh, Indian Oil and Oil India has decided against buying 11 percent stake that their partner Petronas of Malaysia is selling in a USD 20 billion oil project in Venezuela.

Oct 16, 2013, 11:43 AM IST

ONGC mulls buying Petronas stake in Venezuela

ONGC Videsh Ltd, the overseas arm of state-owned Oil & Natural Gas Corp (ONGC), and its partners OIL and IOC are mulling buying 11 percent stake that Malaysia's Petronas has decided to give up in a USD 20 billion oil project in Venezuela.

Sep 10, 2013, 21:56 PM IST

L&T inks $ 100 mn offshore engineering contract with PETRONAS

Engineering major Larsen & Toubro (L&T) on Wednesday said it has inked a USD 100 million offshore engineering contract with PETRONAS Carigali Myanmar (Hong Kong), enlarging its footprint in the new geography.

Jan 30, 2013, 15:19 PM IST

Diwali music video depicted as a funeral dance in Malaysia!

Malaysia`s national oil company Petronas was left red faced after angry viewers pointed out that a music video it posted on its official YouTube page to mark Diwali depicted a funeral dance.

Nov 09, 2012, 18:53 PM IST

GMR completes 30% stake sale in Singapore arm to Petronas

The power generating facility of GMR Energy is being constructed by a consortium of Siemens and Samsung.

Dec 28, 2011, 21:26 PM IST

RIL sub-lets sole drilling rig to Malaysia's Petronas

Reliance Industries has sub-let the only deep sea drilling rig it currently has to Malaysia's Petronas, leaving no rig deployed at any of its oil and gas blocks in offshore India.

Aug 25, 2011, 15:10 PM IST

Vedanta buys $1.5 bn stake in Cairn India: Source

Mining group Vedanta Resources Plc, which is struggling to get government nod to take over Cairn India, Tuesday bought 10.5 percent stake in the company from Malaysia`s Petronas.

Apr 19, 2011, 22:08 PM IST

Malaysia suspends gasoline supplies to Iran

Malaysia`s state oil company has suspended gasoline supplies to Iran, Prime Minister Najib Razak said here, calling on Tehran to review its controversial nuclear programme.

Apr 16, 2010, 09:30 AM IST

OVL joins hands with Raspol, Petronas for Venezuelan fields

Oil and Natural Gas Corporation has replaced Reliance Industries with Repsol YPF SA, Spain`s biggest oil company, and Malaysia`s Petronas to bid for Venezuelan oil blocks next month.

Dec 22, 2009, 17:47 PM IST