Oil, Gas and Consumable Fuels
Company Overview of Petroliam Nasional Berhad
Petroliam Nasional Berhad operates as an integrated oil and gas company in Malaysia and internationally. It operates through Upstream, Downstream, and Corporate and Others segments. The company engages in the exploration, development, and production of crude oil and natural gas; and processing, liquefaction, transportation, and sale of liquefied natural gas (LNG); and manufacturing, refining, and marketing petroleum products, including olefins, polymers, fertilizers, methanol, and other basic chemicals and derivative products. It is also involved in the trading of crude oil, petroleum, gas, LNG, and petrochemical products; and shipping and logistics services related to LNG, crude oil, and pe...
PETRONAS Twin Towers
Kuala Lumpur City Centre
Kuala Lumpur, 50088
Founded in 1974
Key Executives for Petroliam Nasional Berhad
Group Chief Executive Officer, President and Executive Director
Group Chief Financial Officer, Executive Vice President and Executive Director
Executive Vice President, Chief Executive Officer of Downstream and Director
Executive Vice President and Chief Executive Officer of Upstream
Chief Executive Officer of Petronas Energy Trading Limited and Managing Director of Petronas Energy Trading Limited
Compensation as of Fiscal Year 2016.
Petroliam Nasional Berhad Key Developments
Petroliam Nasional And Sierra Oil In Joint Bid For Mexico Drilling
Sep 7 16
Petroliam Nasional Berhad and Sierra Oil and Gas, S. de R.L. de C.V. are in talks to form a group that would bid jointly for the first opportunity in more than seven decades to independently operate offshore fields in Mexico's deep Gulf waters, according to the people familiar with the matter.
Petroliam Nasional Berhad Reports Earnings Results for the Second Quarter and Six Months June 30, 2016
Aug 23 16
Petroliam Nasional Berhad’s cash flow from its operating activities has risen 64% to MYR 15.9 billion in the second quarter ended June 2016 from MYR 9.7 billion in the preceding quarter. The company also recorded MYR 17.7 billion in earnings before interest, tax, depreciation and amortisation in the second quarter, an improvement of 14% from the first quarter. The group registered a lower net profit of MYR 1.62 billion for the second quarter, compared with MYR 11.07 billion in the corresponding period a year ago, mainly due to soft oil prices and lower overall sales volume. It also recorded a revenue of MYR 48.4 billion for the quarter, a 1% drop from MYR 49.1 billion in the previous quarter.
For the half-year ended June 30, the company recorded a net profit of MYR 6.2 billion from MYR 22.5 billion in the corresponding period a year ago. Revenue for the six-month period dropped to MYR 97.57 billion from MYR 127.5 billion a year ago. The company's capital investment stood at MYR 25.2 billion as at June 30, attributed to its refinery and petrochemical integrated development (Rapid), domestic upstream and Sabah ammonia urea (Samur) projects.
Duet Seeks To Acquire Pipelines
Aug 3 16
DUET Group (ASX:DUE) is set to be positioning itself to secure the $3 billion GLNG pipeline, with some sensing that the start of a sale process for the Santos GLNG Pty Ltd could be drawing near. Goldman Sachs has been appointed as an adviser to the Santos GLNG Pty Ltd, which Santos Limited (ASX:STO) owns 30% for some time, although sources close to the situation say no moves have yet been made to place the pipeline on the market and a process, should one occur, would still be some way off in the distance. As well as Santos Limited, Santos GLNG Pty Ltd. is co-owned by Petroliam Nasional Berhad and Total E&P Australia Pty Ltd, which each hold 27.5% while Korea Gas Corp. (KOSE:A036460) controls 15%. Duet would probably encounter a strong contest for the asset with other prospective bidders such as QIC Limited and APA Group.
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