China demand shields Malaysian O&G, lifting upstream and tanker plays — CGS

October 1, 2025

Dateline 2025-09-30, The Edge Malaysia:

KUALA LUMPUR (Sept 30): Malaysian oil-and-gas (O&G) stocks are poised for positive performance, bolstered largely by China’s robust import activity as it builds its strategic petroleum reserves, said CGS International.

The house reiterated its overweight rating on the sector, citing sustained strength in oil prices, which have remained resilient despite increased Opec+ production, as a key factor.

“Despite higher Opec+ production quotas, oil prices have remained supported at the high-60s US$/bbl ( per barrel) levels, because China has been the balancing factor absorbing the excess supplies by importing to top up its strategic oil reserves…,” it said in a note on Tuesday.


Independent panel appointed to review Putra Heights gas pipeline explosion report

September 30, 2025

Dateline 2025-09-29, The Sun:

SHAH ALAM: Eight individuals have been appointed to the Independent Committee to review the investigation report on the gas pipeline explosion in Putra Heights, Subang Jaya.

The committee is chaired by Dr Khamarrul Azahari Razak, senior research fellow of the Disaster Preparedness and Prevention Centre at Universiti Teknologi Malaysia.

Selangor Youth, Sports and Entrepreneurship Committee chairman Mohd Najwan Halimi said the appointment was approved by the State Executive Council Meeting and takes effect immediately.


Sarawak must defend continental shelf rights, says legal counsel

September 29, 2025

Dateline 2025-09-27, Free Malaysia Today:

PETALING JAYA: Sarawak must continue to defend its rights on the continental shelf and should never give them up, says state legal counsel JC Fong.

Fong said while international laws recognise the continental shelf as belonging to a country, Sarawak’s rights as a constituent state within Malaysia should remain untouched, The Borneo Post reported.

“Malaysia can claim continental rights to the continental shelf for the nation. But within the country, the states – the constituent states – have their own power over the continental shelf which is within the territory of the respective states.


Amir Hamzah: Implementation of Budi95 makes petrol price in Malaysia among the world’s lowest

September 28, 2025

Dateline 2025-09-22, The Edge Malaysia:

BALIK PULAU (Sept 22): The price of petrol in Malaysia will remain among the lowest in the world when the targeted subsidy programme begins on Sept 30 this year, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

He assured the public that the subsidised price of RON95 petrol at RM1.99 per litre under the Budi Madani RON95 (Budi95) programme will continue to be enjoyed by consumers, regardless of fluctuations in global crude oil prices.

“The subsidised price of RM1.99 per litre is among the cheapest in the world. Even if we eventually adjust to the market rate, Malaysia will still be one of the countries with the lowest petrol prices in the region and globally.


Court of Appeal orders Shell to pay overdue gas payments to Petronas, lifts supply mandate

September 27, 2025

Dateline 2025-09-22, The Edge Malaysia:

PUTRAJAYA (Sept 22): The Court of Appeal on Monday set aside an interim injunction obtained by Shell MDS (Malaysia) Sdn Bhd from the Kuala Lumpur High Court in January that had allowed Shell MDS to halt monthly payments for gas supplied by national oil gas company Petronas, following competing invoice claims from Petroleum Sarawak Bhd (Petros).

The court also lifted a separate injunction imposed by the High Court that had required Petronas to continue supplying gas to Shell MDS throughout the period, and had allowed a bank guarantee to be withheld.


Malaysia to see strong FPSO, FSO pipeline in 2025

September 26, 2025

Dateline 2025-02-10, The Malaysian Reserve:

THE nation will continue to see a strong pipeline of floating, production, storage and offloading (FPSO) and floating storage and offloading (FSO) vessel tenders and awards in 2025, driven by ongoing and upcoming offshore developments. 

The latest tender for the Sepat Field FPSO, issued by Petronas Carigali Sdn Bhd, signals the sustained momentum in the country’s upstream sector. According to AmInvestment Bank Bhd, Petronas Carigali has called for tender submissions for the lease and operation of an FPSO for the Sepat Field, with the deadline set for March 5, 2025. 

The move follows a pre-qualification exercise initiated in September last year, underscoring Petronas Carigali’s commitment to redeveloping the shallow water field located at Block PM313, approximately 130km east of Kuala Terengganu, Terengganu. 


Mubadala eyes new Malaysia offshore gas project

September 25, 2025

Dateline 2025-09-22, Upstream:

Mubadala Energy has set its sights on developing the significant Cengkih (Clove) gas discovery offshore Sarawak, East Malaysia, with a tie-back to its producing Pegaga (Pennywort) field appearing to be on the cards.

United Arab Emirates operator Mubadala in March 2022 brought on stream Malaysia’s giant Pegaga gas field on the offshore Block SK 320 production sharing contract.


Butane gas leak at ECRL site declared safe after zero readings recorded

September 24, 2025

Dateline 2025-09-23, The Sun:

CHUKAI: The Petronas Gas Berhad site at the East Coast Rail Link construction area in Kerteh has been declared safe following a butane gas leak incident. Kemaman district police chief Supt Mohd Razi Rosli confirmed that gas detectors installed by the Fire and Rescue Department and Petronas showed zero readings this afternoon.


Petronas To Burn Off Gas At ECRL Leak Site, Estimated 48 Hours

September 23, 2025

Dateline 2025-09-21, Business Today:

A second portable flare will be installed today along Petronas Gas Bhd (PGB) butane pipeline in Section 5 of the East Coast Rail Line (ECRL) site near Kemaman to burn off all traces of gas from a leak.

Fire and Rescue Department (JBPM) director-general Datuk Seri Nor Hisham Mohammad said Petronas managed to install the first portable flare at around 3.30am to begin the gas burn off.

The second unit from Kulim, Kedah, will arrive this evening and will be installed so all remaining gas in the 9.6km pipeline is burned off and the area can be declared safe.


Gas leak at ECRL project in Kerteh under control, Fire and Rescue dept says no health risk

September 22, 2025

Dateline 2025-09-25, Malay Mail:

MARANG, Sept 21 — The Malaysian Fire and Rescue Department (JBPM) has confirmed that the gas pipeline leak at the East Coast Rail Link (ECRL) project site in Kerteh, involving Petronas Berhad (PGB), is under control and poses no threat to public health.

Its director-general, Datuk Seri Nor Hisham Mohammad, said the department had implemented strategic measures to manage the situation, including closing off public access to the affected area and halting construction work to prevent sparks.