Newfield Exploration to sell Malaysia assets for $898M
Woodlands-based independent, Newfield Exploration, agreed to sell off its holdings in Malaysia to the country’s national oil company, SapuraKencana Petroleum Berhad, for $898 million, the company...
View ArticleTalisman sells assets to Petronas for $1.4 billion
Talisman Energy, the Canadian oil and natural gas producer being targeted by investor Carl Icahn, agreed to sell part of its Montney acreage to Malaysia’s Petroliam Nasional for C$1.5 billion ($1.4...
View ArticleExxon kicks off operations at $2.6 billion Malaysian EOR Project
Exxon Mobil Corp. and its Malaysian partner Petronas have kicked off the first operations at a massive enhanced oil recovery project about 200 kilometers offshore of Peninsular Malaysia.
View ArticleMurphy to sell stake in Malaysian business for $2 billion
Arkansas-based Murphy Oil Corp. will sell a 30 percent stake in its Malyasian oil and gas assets for $2 billion to Pertamina, Indonesia's state-owned oil and gas company, Murphy announced announced...
View ArticleShell begins production from its first deepwater Malaysia project
The project could eventually lead to peak production of 135,000 barrels of oil per day for a joint venture including ConocoPhillips and Shell.
View ArticleStatoil sells stake in Azerbaijan gas project
Norwegian energy company Statoil says it has sold its stake in the Shah Deniz gas project in Azerbaijan to Malaysian company Petronas for $2.25 billion.
View ArticlePhillips 66 to sell refining stake in Asia for $635M
Phillips 66 is ending its ties to its refining business in Asia with a deal announced Wednesday to sell its 47-percent stake in a Malaysian refinery for $635 million in cash.
View ArticleObama shift on Cuba won’t mean big oil boom in Gulf of Mexico
President Barack Obama's decision to normalize relations between the United States and Cuba may lead to more commercial opportunities for Americans within the island nation. But don't expect U.S. oil...
View ArticlePetronas turns to $2.7 billion fourth-quarter loss on oil slump
Petronas won’t generate enough cash from operations this year to cover capital spending and dividend commitments, said Vikas Halan, a Singapore-based vice president at Moody’s Investors Service Inc.,...
View ArticlePetronas prepares $7 billion bond as borrowing costs soar on oil
Petronas is issuing into Asia’s worst dollar-bond market this year amid a global slump in oil prices and debt concerns surrounding a Malaysia-backed investment firm.
View ArticleShell to cut 1,300 jobs in Malaysia over two years
Shell Malaysia said Tuesday it is trying to become a more efficient company but gave few details beyond disclosing the coming staff reductions.
View ArticlePetronas to cut spending by $11.4 billion over 4 years
The Malaysian state oil company will go through another round of cuts to capital and operating expenditure, the Wall St. Journal reported, citing an internal memo.
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