Post Tagged with: "Petronas"

Source: Reuters

Aramco IPO: It’s a thanks but no thanks from Petronas

Reuters


KUALA LUMPUR/LONDON – With Saudi Aramco yet to name any major foreign investors in its upcoming share sale, Malaysia’s state energy company Petronas (PETR.UL) decided to take a pass on Friday.

Expectations that Aramco customers and allies around the …

Murphy Oil Divests Malaysia for $2 Billion, Executes $300 Million Share Repurchase Program

Murphy Oil Divests Malaysia for $2 Billion, Executes $300 Million Share Repurchase Program

Murphy Oil Corporation Announces Close of Malaysia Portfolio, Executes $300 Million Share Repurchase Program

Petronas Plans 40 Years of Steady Measured Development in B.C. Montney

Petronas Plans 40 Years of Steady Measured Development in B.C. Montney

From Alaska Highway News

After a hiatus of more than two years, Petronas Energy Canada Ltd. is back in the field in Northeast B.C. as it begins drilling to underpin its share of natural gas for the LNG Canada export …

December 13, 2018 - 6:00 am Canada, Closing Bell Story‎, Energy News, LNG
Petronas Plans $1 Billion Annual Spending for North Montney Ramp Up, Electrification in Northeast B.C.

Petronas Plans $1 Billion Annual Spending for North Montney Ramp Up, Electrification in Northeast B.C.

From Alaska Highway News

Petronas Canada plans to electrify its operations in Northeast B.C. as it reaccelerates its drilling program and brings spending to $1 billion a year by 2022.

The company, formerly Progress Energy, has been in a …

November 29, 2018 - 1:23 pm Canada, Closing Bell Story‎, Energy News, LNG
LNG Canada Gets Another Buyer

LNG Canada Gets Another Buyer

From Reuters

LONDON (Reuters) – LNG Canada, the $30 billion liquefied natural gas (LNG) export project, has bagged another client after project shareholder Petronas signed an initial sales deal with trading house Vitol.

Royal Dutch Shell decided in October to …

November 29, 2018 - 12:41 pm Canada, Closing Bell Story‎, Energy News, International, LNG
Petronas Lookback: How Malaysia’s NOC Stacks Up to Global Competition, New Rules

Petronas Lookback: How Malaysia’s NOC Stacks Up to Global Competition, New Rules

From The Malaysian Reserve

For over a decade from the early 1990s, Petroliam Nasional Bhd (Petronas) was the champion of national oil companies (NOCs) challenging the established order in the global petroleum industry.

Then, it was relatively unheard of for …

PETRONAS Back In: Buys 25% of LNG Canada

PETRONAS Back In: Buys 25% of LNG Canada

Malaysian energy company PETRONAS is apparently back as an active LNG player in Canada, with the announcement today that it is buying a 25% equity stake in LNG Canada. LNG Canada is a proposed natural gas export project that is …

Precision Drilling Adds New Director

Precision Drilling Adds New Director

Calgary’s Precision Drilling Corporation (ticker: PDS) has added Michael R. Culbert to its board of directors.

Culbert is vice chairman of Progress Energy Canada Ltd, a wholly owned Canadian subsidiary of PETRONAS that is focused on the development of unconventional …

December 1, 2017 - 3:59 pm Canada, Closing Bell Story‎, Oilfield Services, People
TransCanada to Be Reimbursed Following Pacific NorthWest LNG Dump

TransCanada to Be Reimbursed Following Pacific NorthWest LNG Dump

TransCanada Corporation (ticker: TRP) will be reimbursed for all of the costs and charges it incurred to develop the Prince Rupert Gas Transmission (PRGT) project, following the announcement from Pacific NorthWest LNG that it was cancelling its approximately $11 billion …

Source: Gazprom. LNG Tanker

Global LNG Competition Stiffens: Who’s Got the Best Deal for Me?

Malaysia’s Petronas is looking to entice global buyers with smaller, shorter, more flexible LNG contracts and to eventually supply trucks and ships with the fuel

Petronas, Malaysia’s state-owned energy company, and the world’s third-largest LNG exporter is exploring shorter-term contracts …

Aboriginal and Environmental Groups Hope to Use Enbridge Precedent to Stop $36 Billion LNG Project

Aboriginal and Environmental Groups Hope to Use Enbridge Precedent to Stop $36 Billion LNG Project

Groups plan to file lawsuits to stop BC LNG

First Nations groups are planning to sue the federal government and the majority stake-owner of the Pacific NorthWest LNG project, Petronas, in order to halt the project on British Columbia’s northern …

October 26, 2016 - 6:19 pm Canada, Closing Bell Story‎, LNG, Oil and Gas 360 Articles
Pacific NorthWest LNG Project Delayed for Another 3 Months

Pacific NorthWest LNG Project Delayed for Another 3 Months

Ottawa asks for extra time for environmental assessment of Pacific NorthWest LNG

Malaysia’s state-owned Petronas has hit yet another hurdle on the road to developing its Pacific NorthWest LNG project in British Columbia, Canada. The Canadian Environmental Assessment Agency (CEAA) …

March 21, 2016 - 3:57 pm Canada, Closing Bell Story‎, LNG, Oil and Gas 360 Articles
BC LNG Project Delay Highlights U.S.-Canadian Competition

BC LNG Project Delay Highlights U.S.-Canadian Competition

News of delays to the Pacific NorthWest LNG Project have some Canadians concerned about Competitiveness

Malaysian oil giant Petronas announced earlier this week that it will delay its decision about proceeding with its Pacific NorthWest LNG terminal, saying that estimated …

December 5, 2014 - 6:26 pm Canada, Oil and Gas 360 Articles
Source: Petronas

Oil & Gas 360® LNG Update

Freeport LNG Closes on $11 Billion in Financing for new Facility

Freeport LNG Expansion, L.P. announced last week that it successfully closed on debt and equity financing commitments of approximately $11 billion in capital required for the development of the …

December 2, 2014 - 6:27 pm Oil and Gas 360 Articles
British Columbia LNG: Government Approval is the Easy Part

British Columbia LNG: Government Approval is the Easy Part

The Environmental Assessment Office of British Columbia approved three separate liquefied natural gas (LNG) projects on November 25, 2014, two of which are located at Prince Rupert Island. The island, roughly 750 kilometers (465 miles) north of Vancouver, is proposed …

November 26, 2014 - 5:26 pm Canada, Oil and Gas 360 Articles