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July 04, 2015 1:04 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

Phone:

60 3 2051 5000

Fax:

60 3 2026 5050

Key Executives for Petroliam Nasional Berhad

Chief Executive Officer, President and Executive Director
Age: 54
Group Chief Financial Officer and Executive Vice President
Age: 55
Executive Vice President and Chief Executive Officer of Downstream Business
Chief Executive Officer of Upstream, Executive Vice President of Upstream and Executive Director
Chief Executive Officer of MISC Berhad and President of MISC Berhad
Age: 60
Compensation as of Fiscal Year 2015.

Petroliam Nasional Berhad Key Developments

Petroliam Nasional Berhad Seeks Acquisitions

Petroliam Nasional Berhad will continue to implement cost-cutting measures, concentrate on profitable projects, as well as eye opportunistic acquisitions abroad to adjust to the "ups and downs" of oil price.

PETRONAS Reports Earnings Results for the First Quarter of 2015

PETRONAS reported earnings results for the first quarter of 2015. For the quarter, the company reported 39% year-on-year decline in net profit to MYR 11.4 billion, which was largely attributable to the 50% decline in the benchmark crude prices. The impact of low oil prices was partially offset by higher sales volume for crude oil, processed gas trading and liquefied natural gas (LNG), as well as weakening of the ringgit against the USD.

Petroliam Nasional Berhad Revised Capital Expenditure Guidance for 2015

Petroliam Nasional Berhad has cut its capital and operating expenditures (capex and opex) by 15% and up to 25%, respectively, from the originally-approved budget last year. The decision was to cope with the current global oil prices, which are lower than the benchmarked price in the budget last year. The 2015 capex, originally budgeted and approved last year, was MYR 90 billion (including acquisition costs) compared with MYR 60 billion the previous year. However, this has been reduced to about MYR 70 billion, of which MYR 54 billion would be used for the group's upstream and downstream businesses in Malaysia.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 15, 2015
PETRONAS Maritime Services Sdn Bhd
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
 

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