Wata – Malaysian Oil and Gas Engineer

Dateline: 2025-10-10, Oil Price:

The contribution of national energy giant Petronas to Malaysia’s budget is expected to crash by 38% next year, to the lowest level since 2017, amid falling oil prices.

Petronas is set to pay to Malaysia $4.7 billion (20 billion Malaysian ringgit) in 2026, down from $7.6 billion (32 billion ringgit) it is contributing this year, the Finance Ministry said in its 2026 budget on Friday.

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Dateline 2025-10-10, Upstream:

Malaysia’s national upstream company Petronas Carigali is set to imminently spud its latest exploration well offshore Terengganu, Peninsular Malaysia, returning to a South China Sea block that has already delivered a discovery in 2025.

The Lebah Putih-1 (White Bee-1) probe on Block PM 6/12 will be drilled by Velesto Energy’s jack-up Naga 6; with the campaign supported by the anchor handling tug supply vessels MP Kesatria and JM Salam, and the offshore tug supply vessel Pacific Legacy.

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Dateline 2025-05-14, New Straits Time:

KUALA LUMPUR: Russian President Vladimir Putin has expressed optimism over the potential for joint ventures between Russia and Malaysia in the fields of natural gas and nuclear energy.

“Malaysia’s oil and gas company, Petronas, has equity capital in Rosneft, it has partnership ties with this company and is developing ties with this company, as well as with Gazprom,” he said.

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Deadline 2025-10-08, Upstream:

The chase for providing a potential replacement of a floating production, storage and offloading vessel for PTTEP’s Kikeh oil and gas field offshore Malaysia has narrowed down to a few select contenders, with the bidding process nearing a crucial phase.

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Dateline 2025-10-08, The Edge Malaysia:

KUALA LUMPUR (Oct 8): Petroliam Nasional Bhd (Petronas) on Wednesday failed to turn Shell MDS (Malaysia) Sdn Bhd’s gas payment dispute into a full trial with witnesses and cross-examination.

Kuala Lumpur High Court judge Mahazan Mat Taib rejected Petronas’ request to change Shell MDS’ interpleader originating summons (OS) into a writ, saying the payment dispute between Petronas and Petros involves matters of law, not facts.

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Dateline 2025-10-06, The Edge Malaysia:

KUALA LUMPUR (Oct 6): Dagang NeXchange Bhd is growing its presence in the energy sector, both upstream and downstream. It secured a one-year contract to maintain Petroliam Nasional Bhd (Petronas) stations and got approval for its unit, Ping Petroleum Sdn Bhd (PPSB), to move forward with its oilfield development plan in the Greater Abu area.

In the downstream sector, its subsidiary OGPC Sdn Bhd won a one-year contract from Petronas Dagangan Bhd (PDB) to maintain 50 Petronas stations in Klang Valley, starting July 1, 2025. Services include equipment maintenance, parts replacement, safety management, and AI-powered data solutions.

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Dateline 2025-06-17, Eni:

Kuala Lumpur (Malaysia), 17 June 2025 – Eni and PETRONAS have signed in Kuala Lumpur today a Framework Agreement that sets the basis for the creation of the new, jointly participated company, that will oversee assets in Indonesia and Malaysia through business combination.

This agreement builds on the recent exclusive Memorandum of Understanding signed by the two companies and includes the Key Principles of the Shareholder Agreement. The new Company will be established and operated as a financially self-sufficient entity and the parties have agreed on the asset-level valuations to be contributed to the new company, resulting in a 50:50 proportion. 
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Dateline 2025-10-02, Free Malaysia Today:

PETALING JAYA:

 Petronas’s move to sell a 20% stake in its Canadian assets for just over US$3 billion (RM12.6 billion) is a calculated step to ease fiscal pressures at home while strengthening its LNG position abroad, not a withdrawal, says oil and gas analyst Jamil Ghani.

The national oil firm confirmed the sale to MidOcean Energy, backed by EIG and Saudi Aramco, after months of speculation that it might fully exit Canada.

Petronas will retain 80% ownership of its Canadian arm, Petronas Energy Canada, one of the largest natural gas rights holders in British Columbia’s Montney basin.

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PETRONAS and Universiti Malaysia Terengganu (UMT) have launched the Centre for Offshore Renewable Energy (CEFORE), one of the world’s first integrated models of offshore renewable energy sources with energy storage and management systems.

The proof-of-concept facility, located off the coast of Kuala Terengganu, aims to deliver renewable and reliable power by harnessing offshore wind, solar, and wave energy. It also features on-site energy storage and energy management systems to enable a continuous supply.

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Dateline 2025-10-01, The Edge Malaysia:

KUCHING (Oct 1): National oil company Petroliam Nasional Bhd (Petronas) and Sarawak state-owned oil firm Petroleum Sarawak Bhd (Petros) were back in the High Court on Tuesday over their gas supply payment dispute.

The two parties had sought a one-month adjournment back in August to make way for talks with the aim of bringing matters to resolution. However, no update was provided on the status of the negotiations when the hearing resumed.

The two companies are in court after Petros attempted to stop Petronas from calling its bank guarantee, as part of payments claimed for gas supply in the state.

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