PETRONAS signs MoUs to advance seismic imaging and AI initiatives

November 13, 2025

Dateline 2025-11-13, Offshore Technology:

Petronas, via Malaysia Petroleum Management (MPM), has formalised several memorandums of understanding (MoUs) with international partners during the Abu Dhabi International Petroleum Exhibition and Conference 2025.

These partnerships are set to prioritise the advancement of seismic imaging techniques and the adoption of AI and machine learning, enabled by high-performance computing resources.


PETROS to expand oil and gas exploration and carbon storage in Sarawak

November 12, 2025

Dateline 2025-11-12, Offshore Technology:

Petroleum Sarawak Berhad (Petros) has formalised agreements with international partners to expand onshore oil and gas exploration and advance carbon capture, utilisation and storage (CCUS) initiatives in Central Luconia, Sarawak, Malaysia.

The signing ceremony, attended by Petros chairman Tan Sri Datuk Amar Hamid Bugo, involved the Japan Organization for Metals and Energy Security (Jogmec), Superconducting Sensor Technology Corporation (Sustec), SC Tubular Solutions Malaysia (SCTSM) and Woodside Energy.


Groundbreaking ceremony of the new biorefinery by PETRONAS, Enilive and Euglena in Pengerang, Johor, Malaysia

November 11, 2025

Dateline 2025-11-10, Energy-pedia:

Pengerang Biorefinery, a joint venture between PETRONAS, Enilive and Euglena, marked a key milestone with the groundbreaking ceremony for the development of the new biorefinery in Pengerang, Johor, Malaysia.

The biorefinery will have the processing capacity of up to 650,000 tonnes of renewable feedstock annually and is projected to produce Sustainable Aviation Fuel (SAF), Hydrogenated Vegetable Oil (HVO), and bio-naphtha. Feedstocks for the biorefinery will include wastes such as used vegetable oils and animal fats, and residues from the processing of vegetable oils. The new facility is targeted to commence operations by the second half of 2028 in line with the schedule.


PETRONAS receives Malaysia offshore CCS permit

November 10, 2025

Dateline 2025-11-07, Gasworld:

A subsidiary of multinational oil and gas firm Petronas has been granted an offshore assessment permit for carbon capture and storage (CCS) in the Duyong area of Malaysia.

The Malaysia Carbon Capture, Utilisation, and Storage (MyCCUS) Agency awarded the permit to Petronas CCS Ventures (PCCSV).

It is the first one issued under the newly enacted Carbon Capture, Utilisation, and Storage Act [Act 870] (CCUS Act 2025) gazetted on 1 October 2025.


Malaysia’s used cooking oil exports to face pressure in 2026 on domestic SAF production

November 9, 2025

Dateline 2025-07-11, Hydrocarbon processing:

Malaysia’s used cooking oil export volumes will face “immediate and moderate pressure” next year as a sustainable aviation fuel plant in Johor ramps up production, the country’s deputy plantation and commodities minister said.

Domestic players will actively secure feedstock to meet the 350,000 tons capacity of the EcoCeres production facility, forcing them to offer competitive pricing to divert used cooking oil away from profitable international export routes, Chan Foong Hin said.

The EcoCeres facility became operational in October and will provide Malaysia’s first major source of ISCC CORSIA and ISCC EU-certified SAF, Chan said.


Pembina Pipeline to supply LNG to Malaysia’s PETRONAS for 20 years

November 8, 2025

Dateline 2025-11-05, Boereport:

Canadian oil and gas company Pembina Pipeline said on Wednesday it will supply 1.0 million tons per annum of liquefied natural gas to Malaysia’s PETRONAS for 20 years from its Cedar LNG project.

The deal marks a key milestone for the $4 billion Cedar LNG project and strengthens Canada’s push to become a global LNG supplier to Asia.

The company said it will give PETRONAS access to an additional natural gas export outlet for its Canadian upstream investment, while providing Pembina with a stable, long-term revenue stream.


Chevron and Petronas win new exploration blocks offshore Suriname

November 7, 2025

Dateline 2025-11-05, Upstream:

Suriname market regulator Staatsolie has awarded a pair of new production sharing contracts in the country’s shallow-water play to US supermajor Chevron and Malaysian state-controlled oil company Petronas.

The contracts were signed following a competitive bid round for shallow-water acreage held in June 2025, and just days away from the launching of a new open-door offering featuring deepwater tracts that are mostly located in the eastern portion of the Guyana-Suriname basin that borders French Guiana.

Petronas will operate Block 9 with a 30% stake and will partner Staatsolie’s affiliate Paradise Oil Company on 30%, while Chevron and QatarEnergy will hold 20% each.


Eni and Petronas to Establish Company in Indonesia and Malaysia

November 5, 2025

Dateline 2025-11-04, Offshore Engineer:

Eni and Petronas have signed a binding agreement to establish a new satellite company through the business combination of their upstream assets in Indonesia and Malaysia.

The signing follows a framework agreement signed in June 2025.

The independent company (NewCo) under equal ownership will manage 19 assets in total – 14 in Indonesia and five in Malaysia – and will operate as a financially self-sufficient entity with an investment plan in excess of $15 billion over the next five years.


Petronas and Dubai govt-owned Dragon Oil ink MOU for oil and gas exploration

November 4, 2025

Dateline 2025-10-31, The Edge Malaysia:

KUALA LUMPUR (Oct 31): Petroliam Nasional Bhd’s (Petronas) exploration and production arm have agreed to work with Dubai-government-owned Dragon Oil (International) Ltd to identify potential ventures in international exploration and production of oil and gas.

According to a statement, the memorandum of understanding was signed on Friday via Petronas’ wholly-owned subsidiary Petronas Carigali International Ventures Sdn Bhd.


Sabah Acquires 25% Ownership In Petronas’ PFLNG 3 Project

November 3, 2025

Dateline 2025-11-01, The Exchange Asia:

KOTA KINABALU, Sabah has officially completed the acquisition of a 25% equity stake in Petronas PFLNG 3 Sdn Bhd, marking a significant step forward in the state’s efforts to strengthen its participation in Malaysia’s oil and gas sector and deepen collaboration with Petroliam Nasional Bhd (Petronas).

Chief Minister Datuk Seri Hajiji Noor said the move, executed through SMJ Energy Sdn Bhd — Sabah’s state-owned energy company — in partnership with Petronas LNG Sdn Bhd, represents a major milestone in enhancing Sabah’s role in upstream and downstream energy ventures.