September 7, 2017
It’s the fumes, innit?
Dateline 2017-08-07, The Edge (no, not U2):
Last week, the Brent crude oil price rebounded to over US$50 (RM214) per barrel for the first time in two months, partly thanks to a drawdown in the US crude inventories, coupled with the threat of sanctions against Opec member Venezuela.
Interestingly, the news did not put a lid on the share price rally in Petron Malaysia Refining & Marketing Bhd and Hengyuan Refining Co Bhd as higher crude prices mean more costly feedstocks for them.
Instead, the two stocks climbed further last week.
Petron’s shares surged to an all-time high of RM9.76 last Friday, while Hengyuan soared to a 42-month high of RM7.97. Both counters were in the top five gainers of Bursa Malaysia last Friday.
August 2, 2016
Dateline 2016-06-25, NST:
A fire broke out at a Petron oil refinery at Batu 1 here tonight, temporarily disrupting its operations. The fire, which began at 9.30pm, saw 10-metre-high flames shoot up, believed to be due to leaking on the refinery stacks. More than 30 firemen and seven fire engines from the Port Dickson, Teluk Kemang, Seremban and Seremban 2 fire stations were dispatched to the scene. The firemen took about an hour to put out the blaze. A witness, M. Suresh, 60, said he heard two loud booming sounds before the fire broke out. “We were shocked and worried as our houses are only 300 metres away from the location,” he said. No injuries have been reported at press time.
March 4, 2016
And how much are you willing to pay?
Dateline 2016-01-15, TMI:
Petron Malaysia Refining and Marketing Bhd today introduced the RON100 fuel into the Malaysian market.
The premium fuel, Blaze 100 Euro 4M, currently retails at RM2.80 per litre and is available in eight service stations in the Klang Valley and Johor with another 30 to 40 stations expected to carry the fuel in the next few months based on customer demand.
Petron has 560 stations nationwide.
August 16, 2012
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?
May 4, 2012
Don’t know about you, but didn’t Esso sell EMB because it wasn’t making that much money?
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.