Yes, we have all seen the change of corporate branding along the North South Highway (and others) from Esso to Petron. But, for the less glamorous petrol stations, they still maintain the old corporate identity. Esso, we salute you. Now, if Shell would like to sell its downstream activities to … Carling?
3 Comments | 
investment, Malaysia | Tagged: Carling, EMB, ESSO, Petron | 
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Posted by Wata
Dateline 2012-10-15:
Petron Corp. wants to fully take over a Malaysian oil refiner by offering to buy out its remaining public shareholders for the second time.
Petron, through its international arm Petron Oil and Gas International Sdn, Bhd, has beefed up its stake in Esso Malaysia Bhd to 73.32% from 65% after a recent tender offer to minority shareholders.
Petron chairman and CEO Ramon Ang told reporters they hoped to own 100% of Esso, but not all shareholders accepted their offer.
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Leave a Comment » | business opportunity, Malaysia, oil and gas | Tagged: EMB, ESSO, Petron | Permalink
Posted by Wata
Don’t know about you, but didn’t Esso sell EMB because it wasn’t making that much money?
Dateline 2012-04-20:
Kenanga Investment Bank Bhd, which is the adviser for Esso Malaysia Bhd (EMB) minority shareholders, has advised them to reject the takeover offer by Petron Corp, an affiliate of Philippines-based San Miguel Corp (SMC) so that they may benefit from the positive prospects of the oil and gas industry in which EMB operates in.
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Leave a Comment » | business opportunity, Malaysia | Tagged: EMB, ESSO, Exxon, Petron | Permalink
Posted by Wata
Dateline 2012-04-09:
Esso station operators in the Klang Valley claim that their businesses have been affected when they did not receive petrol and diesel supplies from the oil company lately.
The disruption in the supply of the commodity raised questions among operators of the petrol stations whether the problem was linked to the change in management following the take-over of Esso Malaysia Bhd by Petron Oil and Gas International Sdn Bhd.
Petron Oil and Gas International, a unit under San Miguel Corporation, acquired 65 percent interests in ExxonMobil International Holdings Inc including Esso petrol stations and the Esso oil refinery in Port Dickson in the transaction that was reported to have been concluded on March 30.
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Leave a Comment » | business opportunity, Malaysia, oil and gas | Tagged: EMB, ESSO, Petron | Permalink
Posted by Wata
Dateline 2012-01-11:
Petron Corp., the country’s largest oil refiner and retailer, has gotten the go-signal to pursue its planned investments in Esso Malaysia Bhd., a subsidiary of Exxon Mobil Corp. for its downstream oil business in Malaysia.
In a disclosure to the Philippine Stock Exchange, Petron said that its executive committee approved on Wednesday the company’s investment in Esso but did not reveal the final investment figures. The oil firm said that the amount and percentage sharing have yet to be determined.
In a text message, Petron president Eric O. Recto said the oil company has not determined how it would make its investments in Esso—whether it would acquire only a portion or the entire 65-percent stake in Esso, now owned by highly diversified conglomerate San Miguel Corp.
San Miguel also owns 68 percent of Petron.
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Leave a Comment » | Malaysia, oil and gas | Tagged: EMB, Exxon, Petron | Permalink
Posted by Wata
Dateline 2011-12-22:
Boustead Holdings Bhd. (BOUS), a Malaysian plantations, engineering and financial services group, is still interested in buying Exxon Mobil Corp.’s oil and gas assets in the Southeast Asian nation if San Miguel Corp. (SMC)’s planned acquisition falls through, Group Managing Director Lodin Wok Kamaruddin said.
Exxon agreed in August to sell its entire 65 percent stake in Esso Malaysia Bhd. (ESSO) and some other assets in the country to the Philippine beer-maker for $610 million. While this won Malaysian government approval last month, the transaction has yet to be concluded.
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Leave a Comment » | business opportunity, Malaysia, oil and gas | Tagged: Boustead, EMB, Exxon, ExxonMobil, San Miguel | Permalink
Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 