Dateline: 2025-10-13, Offshore Energy:
According to Seascape Energy Asia, its joint venture (JV) partners – Inpex, Petronas Carigali, and Petros – in the deepwater Block 2A PSC have given their blessing for entry into the second exploration phase of the PSC and drilling of the giant Kertang prospect, subject to formal approval from Petronas’ Malaysia Petroleum Management (MPM). As a result, the exact timing of drilling operations remains unknown.
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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 2025-10-04, The Star:
JOHOR BARU: Two operators have died while another is warded after inhaling toxic gas during an incident at a scheduled waste management and treatment plant in the Pasir Gudang Industrial Estate.
The Johor Department of Occupational Safety and Health (DOSH) said that an investigation is underway to identify the cause of the accident which happened on Tuesday, and involved three operators assigned to run the Water Treatment Plant (WWTP) at the premises.
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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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Wata - Malaysian Oil and Gas Engineer 