The national oil company aims to raise its overseas revenue share to 60% in the next decade as it adapts to evolving market and regulatory conditions.

With Brent crude prices hovering around US$65 per barrel and expectations that this modest environment will linger, Petroliam Nasional Bhd (PETRONAS) is rethinking how it runs its business.

Petroliam Nasional Bhd (Petronas) continues to review its asset portfolio periodically, with parameters continuously adapted ...

Malaysia’s sovereign rating may drop and Putrajaya would likely pay more for national debt interest, currently at RM48 ...

Having taken FID on GranMorgu last fall, TotalEnergies remains the front-runner offshore Suriname, but some peers and state oil firms plan exploration drilling.

Suriname soaring Meanwhile, spending in Suriname is soaring, with TotalEnergies, Shell, Chevron and Petronas all making plays. Total recoverable resources in Suriname are 2.2Bn boe, which Rystad ...

Dr. Jennifer Geerlings-Simons, center, greets people in Paramaribo, Suriname, Sunday, July 6, 2025, after parliament appointed her as the country's first female president. (AP Photo/Bentik Paulus) ...

Petronas is set to commence drilling on Sunday for the first of three wells in Suriname's offshore Block 52. Partnering with Noble Corp, the company aims to discover new oil reserves. The drilling ...

Petronas will begin drilling on Sunday, the first of three wells in an exploration campaign aimed at finding additional oil reserves at its offshore Block 52 in Suriname, state company Staatsolie ...

Petronas said its partnership with Beicip-Franlab and AFED Digital includes a Joint Development Agreement (JDA) with TriCripta AI, a venture aimed at accelerating hydrocarbon discovery, reducing ...

Petronas, through its wholly-owned subsidiary Petronas Suriname E&P, has signed a Production Sharing Contract (PSC) for Block 66, located in the deepwater region offshore Suriname. The agreement was ...

Petronas, through its wholly-owned subsidiary Petronas Suriname E&P, has signed a Production Sharing Contract (PSC) for Block 66, located in the deepwater region offshore Suriname. The agreement was ...