Malaysia’s oil and gas major Petronas’ subsidiary Amplus Solar on Monday announced it has received government’s approval for setting up two solar projects totalling 150 MW in the state of Haryana at a cost of Rs 750 crore.
Petroliam Nasional Berhad (Petronas), Malaysia’s fully integrated oil and gas major, has entered into an agreement with I Squared Capital, a leading global infrastructure investor, to acquire 100% interest in Amplus (M+) Energy Solutions Pte Ltd
McDermott, a US-based company providing integrated engineering, procurement, construction and installation services for offshore and subsea field developments, expects to win some of Petroliam Nasional Bhd’s (Petronas) projects.
Royal Dutch Shell is close to bagging a deal to supply Hong Kong with liquefied natural gas(LNG), beating out major competitors for the right to be the first company to supply LNG to the city.
The oil and gas company said in a statement Thursday, its subsidiary, Petronas LNG Ltd. (PLL) signed a sale and purchase agreement with Indian Hiranandani Group’s subsidiary H-Energy Mideast DMCC (HEMD) for the supply of LNG to India.
National oil company Petroliam Nasional Bhd (Petronas), has projected that there would be about 20 greenfield and 30 brownfield projects between 2018 to 2020 that has the potential for future oil projects.
Petronas, which has more than two decades of strategic partnerships in India, is enhancing its business strategy to strengthen and expand its presence in the world’s fastest-growing economy, said its President and Group CEO, Datuk Wan Zulkiflee Wan Ariffin, in a press release issued on Thursday.
Malaysian governmentowned Petroliam Nasional Berhad, better known as Petronas, is looking to expand its operations in India by entering into more longterm contracts for supply of liquified natural gas (LNG) and scaling up its lubricants business.
Indian Oil Corp Ltd said it is in talks with its partners to scout for an alternative, cheaper site for the Pacific Northwest LNG terminal after the recent pullout of the lead developer cast doubt on the future of the Canadian project.
Malaysia’s state energy firm Petronas may try shorter-term LNG contracts and smaller cargo sizes to entice buyers, senior company officials said, at a time when it has major contracts coming up for renewal and the market is awash in supply.