Calm exterior, but O&G sector remains on guard – Petronas

KUALA LUMPUR: The oil and gas (O&G) industry may appear calm on the surface, but it remains on guard, especially amid the current geopolitical tensions, said Petroliam Nasional Bhd (Petronas) president and group chief executive officer Tan Sri Tengku Muhammad Taufik Tengku Aziz. “I can’t offer conclusive statistics, but based on observed behaviour, many oil…

Read More

Trump signals escalation in Israel-Iran conflict as he leaves G7 summit early

KANANASKIS, ALBERTA – JUNE 16: (L-R) Italian Prime Minister Giorgia Meloni, French President Emmanuel Macron, Canadian Prime Minister Mark Carney, U.S. President Donald Trump, British Prime Minister Kier Starmer, German Chancellor Friedrich Merz, European Union Commission President Ursula von der Leyen, European Union Council President Antonio Costa and Japanese Prime Minister Shigeru Ishiba participate in…

Read More

Petronas, Commonwealth LNG ink 20-year sustainable LNG deal

KUALA LUMPUR: Petroliam Nasional Bhd’s (Petronas) subsidiary, Petronas LNG Ltd, has entered into a liquefied natural gas (LNG) sale and purchase agreement with Commonwealth LNG, LLC, to diversify its LNG portfolio through long-term supply from the United States. Petronas announced in a statement that it has agreed to purchase one million tonnes per annum (mtpa)…

Read More