Tag Archives: investment

Aramco investment seen positive for Rapid, Petronas

Thursday, 2 March 2017 PETALING JAYA: The investment of Saudi Arabia’s Aramco in the Refinery and Petrochemical Integrated Development (Rapid) project in Pengerang, Johor, is positive for Petroliam Nasional Bhd (Petronas) and the project itself. According to analysts, the US$7bil … Continue reading

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BP acquires Repsol’s stake in Tangguh LNG project

Mon Dec 5, 2016 | 2:57pm GMT REUTERS British oil company BP has acquired Spanish group Repsol’s 3.06 percent stake in the Tangguh liquefied natural gas (LNG) project in Indonesia for $313 million dollars, a BP spokesman said on Monday. … Continue reading

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Hibiscus to buy Shell’s operatorship of four oil fields offshore Sabah

Wednesday, 12 October 2016 | MYT 7:45 PM BY M. HAFIDZ MAHPAR KUALA LUMPUR: Shell has reached an agreement to sell its 50% equity interest in the 2011 North Sabah enhanced oil recovery (EOR) production sharing contract (PSC) to Hibiscus Petroleum … Continue reading

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Linde, Petronas Gas to build 150m Euro industrial air gas plant in Johor

  Monday, 19 September 2016 | MYT 4:31 PM KUALA LUMPUR:  Linde Malaysia Sdn Bhd and Petronas Gas Bhd are teaming up to build a  state-of-the-art industrial air gas plant in Pengerang, Johor and the investment is about 150mil Euros … Continue reading

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PT Medco Energi to Buy ConocoPhillips’s 40% Oil-and-Gas Stake in Indonesia

Move follows Medco deal in June to buy a controlling stake in a copper and gold mine for $1.3 billion By SARA SCHONHARDT Updated Sept. 19, 2016 10:33 a.m. ET JAKARTA, Indonesia—Indonesian listed energy company PT Medco Energi Internasional Tbk … Continue reading

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BP to Invest in Tangguh Expansion Project (Train 3)

04 July 2016 London-based BP, one of the world’s leading oil and gas companies, submitted its final investment development decision to expand the Tangguh liquefied natural gas (LNG) facility (the Train III project) in West Papua, Indonesia. According to a … Continue reading

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Petronas floats out its second FLNG unit

May 10, 2016   Malaysian energy giant Petronas has officially launched its second Floating LNG unit, the PFLNG2. The hull was launched at Samsung Heavy Industries (SHI) shipyard in Geoje Island, South Korea on April 30, 2016. The 393-meter-long hull was … Continue reading

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