Shanghai, November 6, 2024 – Petroliam Nasional Berhad (PETRONAS) and China National Petroleum Corporation (CNPC) signed a Memorandum of Understanding (MoU) at the CNPC International Cooperation Forum, a key event at the 7th China International Import Expo (CIIE). Coinciding with the 50th anniversary of Malaysia-China diplomatic relations, this collaboration not only serves as a testament to the enduring friendship between the two nations but also represents a significant milestone as both sides join forces to propel the energy industry towards high-quality, sustainable development.

Tan Sri Tengku Muhammad Taufik, President and Group CEO of PETRONAS, and Dai Houliang, Chairman of CNPC, jointly attended and witnessed the signing ceremony. The MoU was signed by Hazli Sham Kassim, Vice President of Development of Upstream PETRONAS and He Wenyuan, General Manager of China National Oil and Gas Exploration and Development Co., Ltd (CNODC).

The MoU for strategic partnership will strengthen collaboration, among others, in the upstream exploration and production of oil and gas internationally, as well as the liquefied natural gas (LNG) value chain. The MoU will also focus on innovative ventures in cutting-edge fields such as specialty chemicals, renewable energy, green hydrogen technology, and carbon capture utilisation and storage (CCS). Additionally, the two parties aim to establish an open communication platform to facilitate the exchange of knowledge, insights, and best practices, driving energy transition and taking more substantial steps towards sustainable energy development in the region.

Over the years, PETRONAS has provided China with a stable energy supply, including liquefied natural gas, petrochemical products, crude oil, petroleum products, and lubricants. By strengthening its cooperation with Chinese energy companies, PETRONAS has supported the transformation and upgrading of China's energy sector, contributing to the nation's economic prosperity and development.

President and Group CEO of PETRONAS delivered a keynote address at the CNPC International Cooperation Forum, on the sidelines of CIIE. The CIIE aims to promote economic globalisation that is open, inclusive, balanced, and beneficial for all—principles that align closely with PETRONAS' global strategy.

Good good , Sarawak government can help chase away all Oil company and heal the environment

Abang Jo and Sarawakians ktards get the memo or not

No problem for abang joe. There are many other interested parties to join in.

Abang Jo and Sarawakians ktards get the memo or not

Oil giant ConocoPhillips' pullout from US$3.1b Sarawak project a fallout of state's rift with Petronas

Two industry sources close to ConocoPhillips separately confirmed the pullout with CNA. They added that the move was part of a “country strategy review” which the company did not elaborate on..

Industry executives told CNA that ConocoPhillips’ move was in part driven by the uncertain regulatory environment arising from the spat between Petronas and the state government headed by Premier Abang Johari Openg.

The Sarawak government, which owns oil and gas firm Petroleum Sarawak or Petros, is demanding greater control over its resources.

The industry executives with close ties with ConocoPhillips said that the company would now be focusing on its activities in neighbouring Sabah, where it already has operations.

“The sentiment is that foreign companies are uncomfortable because they see that Petronas is under pressure in Sarawak and the oil company (Petronas) is often the joint-venture partner in many exploration projects,” said a senior executive of a Western oil contracting firm based in the capital Kuala Lumpur.

full story:
https://www.channelnewsasia.com/asia/malays...ntiment-5089371

Conoco believe Petronas is no longer has the control or rights over the oil field.

This actually shows that petronas is losing its grip in sarawak's oil and gas. For us Sarawakian, its not a surprise. The oil and gas will still be there. Question is who is going to partner petros to drill it.

no need JV, sendiri gali sendiri masuk pocket

Panggil semua Sarawakian oil executives, engineers back. Bring in  expats if tak cukup.

Petronas can take all. Why need join ventures?

Petronas can't folk out US$3.1b.

and pay them right they should, free of leeches from semenanjung.

paying them fat salaries to makan kuih, minum teh and meeting meeting sembang kat office saje. majority taip m