JAKARTA, July 1 — Indonesia has issued a new regulation to attract investment from oil drilling technology providers in an effort to boost production from existing wells, officials said today.

KUALA LUMPUR, June 17 — Petronas expects to take one to two years to set up a proposed joint venture with Italian energy group Eni on some upstream assets in Indonesia and Malaysia, an executive of the state-run energy company said today.

TANGERANG, May 21 — Petronas wants to include oil and gas projects in Indonesia's Kutai Basin in its planned joint venture with Eni, an executive said yesterday.

TANGERANG, May 20 — United States oil major Chevron is interested in exploring and developing oil and gas assets in Indonesia with sizable reserves, said upstream oil and gas regulator SKK Migas chairman Djoko Siswanto today.

KUALA LUMPUR, May 8 — The Malaysian Anti-Corruption Commission (MACC) has initiated an investigation into a prominent corporate figure bearing the title "Tan Sri" for suspected involvement in money laundering linked to the ownership of shares worth over RM500 million in an oil and gas company.

MOSCOW, May 4 — Eight Opec+ countries that adhere to voluntary oil production cuts, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, will increase oil production by an additional 411,000 barrels per day in June from the level in May, according to an official communique by Opec released yesterday.

KUALA LUMPUR, May 4 — Prime Minister Datuk Seri Anwar Ibrahim today urged all parties to postpone any actions or statements regarding the issue of Petroliam Nasional Bhd (Petronas) and Petroleum Sarawak Bhd (Petros), in the interest of mutual understanding.

PUTRAJAYA, March 13 — Prime Minister Datuk Seri Anwar Ibrahim said Sapura Energy Bhd’s (SEB) former major shareholders are no longer involved in the company’s management as part of its restructuring efforts.

By Danial Dzulkifly KUALA LUMPUR, Feb 17 — Prime Minister Datuk Seri Anwar Ibrahim today quashed tensions between national oil company Petronas and state-owned Petroleum Sarawak (Petros), affirming both firms will work as partners to develop Sarawak’s oil and gas industry. Speaking in...

SINGAPORE/LONDON, Nov 28 — Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to Asia if United States president-elect Donald Trump imposes 25 per cent import tariffs on crude imports from the two countries, traders and analysts said.

BAKU, Nov 12 — Azerbaijan President Ilham Aliyev used a keynote speech at the COP29 climate summit to lash out at Western critics of his country’s oil and gas industry, saying it had been the victim of a “well-orchestrated campaign of slander and blackmail”.

JAKARTA, Oct 21 — Indonesia's new government aims to revive oil and gas production, with plans to cut regulations, reactivate idle wells, and enhance output at producing assets in hopes of reversing a decades-long decline in output, officials have said.

MOSCOW, Sept 27 — The Abu Dhabi Supreme Council for Financial and Economic Affairs has agreed to grant Petronas an exploration licence in the Al Dhafra region in the west of the emirate, reported Sputnik, quoting the Abu Dhabi Media Office.

VLADIVOSTOK, Sept 5 — Malaysia will continue oil explorations within its territory, despite China’s demand for Malaysia to cease its activities off Sarawak waters, said Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, Aug 8 — Petronas is studying the feasibility of an integrated development strategy for oil and gas extraction in offshore Block 52 in Suriname.

PUTRAJAYA, April 16 — Ongoing tensions in the Middle East, with the potential for further escalation, are poised to drive crude oil prices higher — a development that could significantly benefit net-exporting oil-producing countries, according to economists.

KUALA LUMPUR, Dec 13 — The government has established a committee to review the Petroleum (Income Tax) Act 1967 (PITA), said Deputy Finance Minister Lim Hui Ying.

KUALA LUMPUR, Nov 23 — The Malaysia Petroleum Resources Corporation (MPRC) will introduce the national oil and gas services and equipment (OGSE) sustainability framework by the end of 2024, which will provide a detailed guide for how OGSE companies can implement and report on their sustainability practices.

KUALA LUMPUR, Aug 28 — Petronas Dagangan Bhd’s net profit rose to RM275.71 million in the second quarter ended June 30, 2023, from RM237.68 million in the same quarter last year on the back of higher gross profit from the commercial segment.

KUALA LUMPUR, July 4 — Analysts foresee Malaysia's oil and gas sector to remain resilient in the second half of 2023, underpinned by steady oil prices.