Monthly Archives: January 2016

Chevron says will not extend contract to operate Indonesia oil and gas block

Tue Jan 19, 2016 3:15am EST REUTERS JAKARTA: Chevron will not extend its contract to operate the East Kalimantan oil and gas block in Indonesia, the U.S. energy giant said on Tuesday, as plunging crude prices hit producers around the … Continue reading

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Petronas’ new biz model

Wednesday, 20 January 2016 BY TEE LIN SAY National oil company to make hard decisions to improve efficiency and reduce cost PETALING JAYA: To tackle the fallout from the falling oil price that is now below US$30 per barrel, Petroliam … Continue reading

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Malaysia’s Petronas to Slash $11.4 Billion in Capital, Operating Expenses

By YANTOULTRA NGUI January 18, 2016 The plan by Malaysia’s state-oil company comes as oil prices slide below $30 a barrel KUALA LUMPUR, Malaysia—Malaysia’s state oil firm, Petroliam Nasional Bhd., or Petronas, is planning to slash as much as 50 billion … Continue reading

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Petronas PFLNG1 construction at 95%

Written by  OE Staff Wednesday, 30 December 2015 09:28   The Petronas floating LNG1 (PFLNG1) has reached a 95% overall progress in its construction and will come onstream in 2016, the company said. In late September, Petronas began lifting the … Continue reading

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