New basin opportunities in Malaysia attractive to global O&G players, says Petronas upstream business CEO

August 12, 2025

Dateline 2025-08-11, The Edge Malaysia:

KUALA LUMPUR (Aug 11): Malaysia remains an attractive destination for oil and gas investment, with the governing body managing Malaysia’s upstream oil and gas assets, Petronas’ Malaysia Petroleum Management (MPM), opening several promising basins in the country.

Petronas upstream business executive vice-president and chief executive officer Mohd Jukris Abdul Wahab said promoting basins in Sabah, Sarawak and Langkasuka on the western side of Peninsular Malaysia will continue due to interest from industry players.

“We have attracted major players such as BP and integrated energy company Eni. Eni, in particular, is keen to test geological plays in Malaysia. So exploration activities in Malaysia remain vibrant with many areas yet to be explored,” he said in a briefing for editors on Monday.

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Rafizi cautions against hasty Petronas–Petros deal

August 12, 2025

Dateline 2025-08-04, Business Times:

Talks on gas resource rights between Petroliam Nasional Bhd and Petroleum Sarawak Bhd (Petros) should be conducted meticulously, former economy minister Rafizi Ramli said.

Rafizi said any oversight in the negotiations could have serious repercussions on the overall economy.

He said if Sarawak’s claims to gas resources are accepted without considering the existing overall financial structure, Petronas risks losing between RM15 billion and RM20 billion annually.

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Dialog to build biofuel storage facility at Malaysia’s Pengerang terminal in SAF expansion

August 12, 2025

Dateline 2025-07-31, SPGlobal:

Malaysia’s Dialog Group Berhad has announced a $330 million expansion of its deepwater terminal in Pengerang, Johor, to provide dedicated storage and handling infrastructure for sustainable aviation fuel and other renewable fuels, marking a significant step in the country’s energy transition strategy.

The investment announced by company in a statement July 30 will be undertaken through Dialog’s 25%-owned joint venture Pengerang Terminals, which signed a 25-year take-or-pay terminal usage agreement with Pengerang Biorefinery.

The project will add about 272,000 cu m of new storage capacity and is slated for completion in the first half of 2028. It will be funded through a mix of internal resources and external financing.

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