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Petroleum / Mining in Malaysia

  • Argentina's YPF wooing Malaysia Petronas to develop shale deposits

    MALAYSIA, 2014/01/31 “We have advanced towards a next transaction,” Reuters quoted Galuccio as saying in an email from Malaysia next the conference with his Petronas counterpart. The visit follows an extra conference held in early 2013 inclunding visits by Malaysian consultants to Argentina as YPF seeks a transaction with the company similar to accords penned with US super-major Chevron and US giant Dow Chemical, La Nacion reported. Some of Petronas' new forays into the region have not ended happily: What was to be a 850 million farm-out with Brazil independent OGX for a stake in the Campos basin Tubarao Martelo field collapsed next the company filed for bankruptcy in October.
  • Malaysia state-run company applies for permits to export natural gas vancouver

    MALAYSIA, 2013/07/07 For the third time in as a lot of weeks, a major world energy player has applied to export natural gas from Canada's West Coast. Malaysia's Petronas on Friday asked Canada's National Energy Board for permission to export 19 million tonnes of liquefied natural gas per year, or roughly 3.1 billion cubic feet a day (bcf/d), for 25 years from a proposed terminal on Lelu Island near Prince Rupert, on British Columbia's northwest coast. National-run Petronas bought Calgary's Evolution Energy Resources Corp. for $6 billion last year. Its Pacific Northwest LNG project is one of several lining up on the B.C. coast to capitalize on Asia's request for the super-cooled gas, but the company lacks an export permit held by rival schemes proposed by Royal Dutch Shell and Chevron Corp.
  • Abu Dhabi Invests $7 Billion in Malaysian Oil

    MALAYSIA, 2013/03/23 Abu Dhabi signed a deal on Tuesday worth an estimated $21 billion Ringgit (6.75 billion Dollars) for the establishment of an oil storage facility in the Malaysian state of Johor.