January 28, 2015 12:32 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Petroliam Nasional Berhad

Company Overview

Petroliam Nasional Berhad, together with its subsidiaries, operates as an integrated oil and gas company in Malaysia and internationally. It operates through Exploration and Production, Gas and Power, and Downstream segments. The company engages in the exploration, development, and production of crude oil and natural gas; liquefaction, transportation, and sale of liquefied natural gas (LNG); processing and transmission of natural gas; and sale of natural gas products. It is also involved in refining, trading, and marketing crude oil and petroleum products; and manufacturing, marketing, and trading petrochemical products. In addition, the company owns and operates a network of retail stations...

PETRONAS Twin Towers

Tower 1

Kuala Lumpur City Centre

Kuala Lumpur,  50088

Malaysia

Founded in 1974

49,193 Employees

Phone:

60 3 2051 5000

Fax:

60 3 2026 5050

Key Executives for Petroliam Nasional Berhad

Chief Executive Officer
Age: 62
Group Chief Financial Officer and Executive Vice President
Age: 54
Chief Operating Officer
Age: 52
Chief Executive Officer of Upstream
Chief Executive Officer of MISC Berhad and President of MISC Berhad
Age: 59
Compensation as of Fiscal Year 2014.

Petroliam Nasional Berhad Key Developments

Petroliam Nasional Berhad Plans to Trim its Workforce by More Than 10%

Petroleum Nasional Bhd (Petronas) plans to trim its workforce by more than 10% as part of measures to lower operating cost in response to the plunging global oil prices.

Petroliam Nasional Mulls Acquisitions

Petroliam Nasional Berhad, which is curtailing its expenditure, may look for acquisitions. Chief executive officer Tan Sri Shamsul Azhar Abbas said that there is cash urgency for the government's growth contribution and also for Petronas' own needs and future acquisitions.

Petroliam Nasional Berhad Plans USD 1 Billion Investment in C02 Fields

Petroliam Nasional Berhad announced that it will set aside up to USD 1 billion (MYR 3.49 billion) for the development of engineering and technology solutions to recover natural gas from high carbon dioxide (CO2) concentration gas fields. The investment is for the first phase of the project which will run until 2018. The project will be undertaken by Petronas' upstream arm Petronas Carigali and four local and international partners namely Technip Consultant (M) Sdn Bhd, UOP Malaysia Sdn Bhd, General Asia Sdn Bhd and Twister BV. The offshore cryogenic distillation facility aims to reduce the CO2 concentration to 6.5% which makes it suitable for liquified natural gas (LNG) processing.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 11, 2014
Malaysian Refining Company Sdn. Bhd.
Merger/Acquisition
October 13, 2014
15.5% in Shah Deniz, 15.81% in South Caucasus Pipeline, 12.4% in Azerbaijan Gas Supply
Merger/Acquisition
April 29, 2014
15% Stake in Pacific NorthWest LNG Ltd. and Destined Natural Gas Reserves in British Columbia
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Petroliam Nasional Berhad, please visit www.petronas.com.my. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.