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PETRONAS refers to the statement issued by the Polis Diraja Malaysia (PDRM) on the recent arrest of 15 individuals in relation to a syndicate involved in alleged misappropriation of diesel fuel. These arrests were made following an earlier police report lodged by PETRONAS arising from its internal investigations of the alleged wrongdoings. PETRONAS remains committed […]
Continue ReadingPETRONAS and AIQ, an Abu Dhabi-based technology company, have signed a Memorandum of Understanding (MoU) to share experiences in building Artificial Intelligence (AI) solutions that may potentially accelerate the energy transition and drive sustainability across energy operations. AIQ is a technology pioneer focused on driving the transformation of the industrial sector powered by artificial intelligence […]
Continue ReadingPETRONAS Chemicals Group Berhad (PCG) is bolstering its specialty chemicals portfolio with the formation of a dedicated Specialty Chemicals division as part of its efforts to further strengthen its position within the petrochemicals industry. To lead and drive the new division, PCG has appointed Dr. Debbie Chiu Yuen-Yuen as Chief Operating Officer (Specialty Chemicals) along […]
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PETRONAS and Malaysia Forest Fund (MFF) have signed a Memorandum of Understanding (MoU) to explore and develop high-quality Nature-based Solutions (NBS) projects in Malaysia. NBS comprises all activities related to the conservation and restoration of natural ecosystems to lower the concentration of greenhouses gases in the atmosphere. It offers immediate, scalable, and cost-effective pathways to […]
Continue ReadingMalaysia Aviation Group (MAG) has become the first aviation organisation in Malaysia to sign a sustainable aviation fuel (SAF) offtake agreement with PETRONAS Dagangan Berhad (PDB) as part of collaborative efforts to make the SAF production available in Malaysia at a commercial scale. The initiative will further accelerate industry-wide efforts to decarbonise the aviation industry […]
Continue ReadingPETRONAS Carigali Sdn Bhd (PCSB), a wholly-owned subsidiary of PETRONAS has entered into a Farm Out Agreement (FOA) with SMJ Sdn Bhd (SMJSB), a company wholly-owned by the Sabah State Government for the sale of PCSB’s 50 per cent of non-operating participating interest in the Samarang Production Sharing Contract (PSC). The agreement was signed by […]
Continue ReadingPETRONAS today launched a breakthrough product to address the perennial corrosion-related pain points that compromise asset integrity. Formulated using graphene material, which is an ultra-high barrier advanced material, ProShield+, is a paint additive for steel structures. Developed in-house, ProShield+, has been proven to strengthen coatings’ resistance against harsh weather conditions and protect assets from corroding […]
Continue ReadingPETRONAS and the Sabah State Government continue to expand the collaboration in the oil and gas industry through a Heads of Agreement (HOA) signed yesterday between PETRONAS Carigali Sdn Bhd (PCSB), a wholly-owned subsidiary of PETRONAS and SMJ Sdn Bhd (SMJSB), a company wholly-owned by the Sabah State. The HOA paves the way for SMJSB’s […]
Continue ReadingPETRONAS Dagangan Berhad (PDB) achieved a strong performance for the year ended 31 December 2022, boosting its full year revenue by 62 per cent to RM36.7 billion, on the back of higher sales volume and average selling price. Pre-tax profit for the year also rose by 53 per cent to RM1.1 billion, compared to RM740.8 […]
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