Petronas

The latest news and top stories on Petronas. A leading entity in the energy sector, Kuala Lumpur-based Petronas is a Malaysian state-owned multinational oil and gas company. It specialises in the exploration, production, refining, distribution and marketing of oil, natural gas, petrochemicals and lubricants, serving a diverse global clientele and domestic consumers. Recognised as one of the world’s largest corporations, Petronas operates in over 100 countries. Its overall business focus is on maximising value from Malaysia’s hydrocarbon resources, providing integrated energy solutions and advancing towards Net Zero Carbon Emissions by 2050.

Petronas

‘New normal’: Malaysia and Australia strike energy supply pledge amid Iran war

The deal creates a mutual spillover valve, allowing the partners to swap surplus energy once domestic demand is satisfied.

Petrol patrol: Malaysia sends police to guard border stations as fuel leaks rise

Malaysian minister warns of ‘very, very serious’ energy crisis

Iran crisis bites into Malaysia’s supply chain as fuel subsidy cap falls

The quota cut for subsidised petrol reflects how the distant war is affecting Malaysia, with the food industry also sounding the alarm.

Battle for Malaysian gas heats up as Petronas wins bid to take Sarawak to court

The national energy firm says that Sarawak has ‌exceeded its powers by passing laws and asserting rights on all natural gas in the state.

Malaysia’s fuel subsidy bill to rise more than fourfold as Iran war drags on

The government will spend about US$812.8 million a month to maintain the price of subsidised petrol and diesel in the short term.

Malaysia tightens borders to fight fuel smuggling amid global energy crisis

The move comes amid concern that rising fuel prices abroad could make it more profitable to smuggle subsidised fuel out of Malaysia.

Malaysia’s biggest state wants its energy wealth back – and it’s going to court

Sarawak state is challenging oil giant Petronas’ dominance in the highest court, in a test for the prime minister’s unity coalition.

‘Dominated by non-Malays’: study on elected Kuala Lumpur mayor spurs race debate

Critics slam the study as a ‘naive and misguided’ move by Minister Hannah Yeoh that would worsen the country’s ‘cultural war’.

Malaysia’s Petronas to tap Qatar for gas as local reserves dwindle

QatarEnergy has also signed a 27-year deal to sell LNG to Japan’s JERA, the first long-term pact between the two nations in over a decade.

Malaysia’s poorest state prepares a poll shock for the prime minister

Decades of neglect and withheld resource revenue have left short-changed Sabah seething and primed for a political fight.

‘Dirtiest town in Asia’, Singapore’s wages stall: 7 Asia highlights

From backlash over the ‘dirtiest town in Asia’ to trouble for Japan’s new PM, here are a few highlights from SCMP’s recent Asia reporting.

Petronas CEO’s F1 champagne shower, Kyoto hotel tax: SCMP’s 7 highlights

From Kyoto set to start Japan’s highest hotel tax to China’s 300,000 new industrial robots, here are highlights from SCMP’s recent reporting.

Malaysia’s Petronas CEO sorry for ‘misplaced exuberance’ at F1 champagne shower

Tengku Muhammad Taufik Tengku Aziz was seen spraying champagne on the drivers and the crowd on the F1 podium in Singapore.

‘Do you want a boycott?’: Malaysia’s top mall rolls dice with flag ban

Pro-Palestinian protesters are calling for a mass gathering at the KLCC complex within the Petronas Twin Towers in Kuala Lumpur.

Malaysia tightens security at Petronas’ Bintulu LNG hub to investigate ‘threat’

Authorities did not specify the nature of the threat to the complex, which is the world’s largest single-site LNG production facility.

Malaysia’s oil and gas future finds itself adrift in the South China Sea

Decades of underinvestment have left Malaysia’s armed forces ill-prepared to protect its vital oil and gas reserves.

Malaysia’s fighter jet deal to ‘quietly’ boost South China Sea defences

The jets are part of a close, ‘under the radar’ US-Malaysia defence partnership, even as Kuala Lumpur continues engaging China positively, analysts say.