Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsPetronas

    Petronas

    Jump to

    • Petronas arm Gentari India to raise $400 mn to supply clean power for green ammonia

      The funds proposed to be raised will be used by Gentari to set up around 2,400 megawatts (MW) of solar and wind assets in the states of Karnataka and Andhra Pradesh.

    • Petronas nears $1.6 billion deal for India’s AM Green unit stake: Sources

      Petronas is in advanced talks to buy about a 25% stake in the unit, which may be valued at around $6 billion in a deal, the people said

    • MC Interview | Shifting from pure solar power to hybrid and green hydrogen projects: Amplus Solar CEO

      Sharad Pungalia, CEO and MD, says the company’s first inter-state transmission system project in Rajasthan will be commissioned in the fourth quarter of this FY24. The company also plans to set up new renewable energy units of up to 700 MW in FY24, from 150 MW in the last financial year, he says.

    • Petronas, Sembcorp, JSW Neo in talks to acquire Continuum: Report

      The companies are expected to submit non-binding bids in January for the deal, which is likely to have an equity value of around $600 million, the report stated.

    • TVS Motor Company has partnered with PETRONAS to Form PETRONAS TVS Racing Team

      The team will participate in all domestic two-wheeler racing formats. The partnership includes a co-branded oil set to launch across India

    • Asia's oil demand recovery remains fragile: Petronas CEO Wan Zulkiflee

      "We really had a collapse these past few months, but are seeing signs of opening up of the economies," Petronas' CEO Wan Zulkiflee Wan Ariffin said in a conversation with IHS Markit's Daniel Yergin on Monday.

    • Malaysia's Petronas signs first term LNG supply deal in India

      Petronas has signed a sale and purchase agreement to supply LNG to H-Energy Mideast DMCC (HEMD), it said in a statement. The value of the deal and the volume of LNG were not disclosed.

    • Petronas, Aramco keen on $1.8 billion Daewoo E&C controlling stake: Report

      The 50.75 percent Daewoo E&C stake is being put up for sale by state-owned Korea Development Bank (KDB), which in July said BoA Merrill Lynch and Mirae Asset Daewoo Securities have been appointed as its advisers on the deal. The stake was valued at 1.48 trillion won as of Thursday's closing price.

    • Malaysia's Petronas to invest $150 million to boost India lubricants business

      The investment includes a $50 million lubricant blending plant that will be completed by the first quarter of 2018, Petronas said in a statement.

    • Saudi Arabia's Aramco to invest $7 bn in Malaysia oil refinery

      Saudi Arabia's Aramco will invest USD 7 billion in a giant Malaysian oil refinery project, Prime Minister Najib Razak said today, as he declared ties with the kingdom were "at an all-time high".

    • Malaysia's Petronas,Saudi Aramco to enter $7bn oil refinery deal

      Najib said the decision was made before noon on Monday after discussions between top executives from Petronas and Saudi Aramco to build the plant, part of Malaysia's Refinery and Petrochemical Integrated Development (RAPID) project in Pengerang in the southern state of Johor.

    • Iran certifies 29 international cos to bid for oil, gas projects

      Iran has named 29 companies from more than a dozen countries as being allowed to bid for oil and gas projects using the new, less restrictive Iran Petroleum Contract (IPC) model, the oil ministry news website SHANA reported on Monday

    • Petronas weighs sale to exit $27 bn Canada LNG project: Sources

      Petronas, as the company is known, said in a statement on Saturday that it "categorically denied" the Reuters report on Friday that the company is considering the stake sale.

    • Canada approves $36 bn LNG project, eyes Asia

      The project is the first deal by Canada's year-old Liberal government that goes against environmentalists in the name of the country's economic interests. Environmental activists and indigenous groups have opposed the plans.

    • Videocon up 15%; consortium discovers petroleum in Brazil

      Videocon announces largest discovery of petroleum by consortium this year. The consortium includes Petrobras, BPCL and Videocon.

    • Punj Lloyd up 10% on order from PRPC Refinery in Malaysia

      The diversified EPC giant announced winning the mega Rs 3,515 crore (USD 581 million) RAPID Tank Farm order from PRPC Refinery and Cracker Sdn. Bhd, a subsidiary under the Petroliam Nasional Berhad (Petronas) group, Malaysia's national energy company, said the company in its filing.

    • Eye over 10% margins from Malaysian project: Punj Lloyd

      JP Chalasani, MD & Group CEO, Punj Lloyd says the project, for a subsidiary of Petronas, should be completed over the next 2.5- 3 years and takes the company‘s order book to a total of Rs 9940 crore.

    • IOC likely to buy 10% in Petronas' LNG project for $900mn

      Indian Oil Corp, the nation's largest oil firm, will buy Malaysian firm Petronas' 10 per cent stake in a shale-gas assets and liquefied-natural-gas (LNG) project in British Columbia for USD 900 million, sources said.

    • Malaysia's Petronas to set up USD 50 mn plant near Mumbai

      Petronas Lubricants International, the lubricants manufacturing and marketing arm of Malaysia's national oil and gas company Petronas, signed a land-lease agreement with Maharashtra Industrial Development Corporation (MIDC) to build a lubricant oil blending plant

    • Setback to I-T department, HC rules in Cairn's favour

      High Court says that because of rupee fluctuation indexation is built in and hence foreign investors need to pay only a 10 percent capital gains, which is lower tax rate.

    • 'ONGC, OIL unlikely to buy Petronas' stake in Venezuela'

      ONGC may not want to up its share as it is already seeking to raise debt to fund recent acquisitions in Mozambique, one of the sources said. Another source said ONGC is studying the possibility of buying Petronas' stake.

    • Stocks in news: Apollo Tyres, Talwarkars, HDIL, Tata Motors

      Apollo Tyres | Shriram City Union Finance | IOC | Talwarkars | Clariant Chemicals | Bajaj Auto | Tata Motors | Deccan Chronicle Holdings | HDIL | SAIL and Sterlite Industries are stocks, which are in the news today.

    • Petronas to sell stake in Canada shale to IOC: sources

      Malaysia's Petronas is in talks to sell 10 percent of its Canadian shale gas assets to Indian Oil Corporation. Petronas last year bought Canada's Progress Energy Resources Corp in a C$5.2 billion deal.Financial details of that deal have yet to be revealed publicly.

    • Petronas in talks to sell stake in Canada shale to IOC

      Malaysia's Petronas is in talks to sell 10 percent of its Canadian shale gas assets to Indian Oil Corp, sources with direct knowledge of the matter said, mirroring a deal it signed earlier this year with a Japanese company.

    • Tata Comm partners Mercedes AMG Petronas

      Tata Communications today said it has partnered with Mercedes AMG Petronas, to deliver trackside connectivity for the team at all Formula One race locations.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347