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CNPC, Petronas eye Angola bids.


CNPC, Petronas eye Angola bids.
Apr 16th 2013, 23:00

China National Petroleum Corp and Malaysia's Petronas are considering bids for Marathon Oil Corp's stakes in two Angolan offshore oil and gas fields, people familiar with the matter said.
This would be potentially the third major energy deal in Africa this year, a major new front for Asian state energy firms looking to fuel fast growing economies.
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Publications by Oil & Gas News: Driller thinks Ethiopia is next in East Africa oil surge.


Driller thinks Ethiopia is next in East Africa oil surge.
Apr 16th 2013, 23:00

Tewedros Ashenafi hopes his Ethiopian exploration outfit will become the first indigenous company to make a basin-opening discovery in sub-Saharan Africa's 21st Century oil and gas boom.
His privately-held SouthWest Energy holds 46,000 sq km of exploration acreage amounting to almost 4 per cent of the vast, land-locked east African country.
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Oil price level not harmful to world economy: Opec.


Oil price level not harmful to world economy: Opec.
Apr 16th 2013, 23:00

The current level of oil prices is not harmful to the global economy and on the contrary supports energy investments, the secretary general of oil exporting group Opec said.
Oil prices have averaged about $110 per barrel this year.
After early signs of stabilisation in the world economy, the last month has seen a series of setbacks with US and European recovery stuttering. "We...
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Gulf petchem sees $250bn investment.


Gulf petchem sees $250bn investment.
Apr 16th 2013, 23:00

The total investments in the petrochemical sector in the Gulf region will balloon to more than $250 billion by 2015, said an expert while speaking at a major industry event in Dubai.
The 4th International Conference for Plastics Conversion (PlastCon 2013) saw experts discuss several topics including challenges facing plastic manufacturers.
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Saudi to spend $134bn on energy and water.

Saudi to spend $134bn on energy and water.
Apr 16th 2013, 23:00

Energy consumption in Saudi Arabia is witnessing an unprecedented growth, prompting a wave of investments expected to reach SR502.5 billion ($134.1 billion) for various power and water projects in the next decade.
Being the third largest water consuming country in the world with an average consumption reaching 280 litres per day per capita, Saudi Arabia has earmarked up to SR202.5...
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Chevron fire tied to oversight.

Chevron fire tied to oversight.
Apr 16th 2013, 23:00

Federal, state and local officials say they were not aware of corrosive pipes at the Richmond Chevron refinery until after a fire August 6, 2012 engulfed a unit of the facility. A report from the US Chemical Safety Board (CSB) last February found Chevron was aware of the faulty pipe pinpointed as the cause of the fire as early as 2002.
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Oil markets tighten on Saudi cut: IEA.

Publications by Oil & Gas News
Resent articles by the "Oil & Gas News" from The Free Library

Oil markets tighten on Saudi cut: IEA.
Apr 2nd 2013, 23:00

World oil markets are tightening as Chinese fuel demand increases and the Organization of the Petroleum Exporting Countries' (Opec) supplies fall, draining inventories, the West's energy agency said on Friday, in a trend that could put extra upward pressure on prices.
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BASF, Petronas disagree.

Publications by Oil & Gas News
Resent articles by the "Oil & Gas News" from The Free Library

BASF, Petronas disagree.
Apr 2nd 2013, 23:00

BASF and Malaysian state-owned oil and gas firm Petronas have decided not to pursue an extension of their partnership to a second speciality chemicals plant after failing to agree on terms.
"Petronas and BASF concluded that it would be in their mutual interest to terminate the HoA (Heads of Agreement) as both parties were unable to come to an agreement on the terms and conditions," the...
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Najib Tun Razak announced bonuses for the 40,000 employees of national oil firm Petrona


KUALA LUMPUR: Prime Minister Najib Tun Razak announced bonuses for the 40,000 employees of national oil firm Petronas today, signalling a long wait for a general election is nearly over as he seeks last-minute support from the middle class.
In recent days, Najib has expanded a slew of handouts to include thousands of workers at state-linked firms, underlining the government’s ability to try to win support through its close control of Malaysia’s biggest companies.

Najib, whose ruling Barisan Nasional coalition could face the closest election battle in its 56-year rule, must call the polls by the end of April or Parliament will automatically dissolve for the first time in the country’s history.
At a town hall-style meeting with Petronas staff here, Najib said they would each get RM1,000 (US$320) bonuses for “contributing to nation-building”. Media predicted he would dissolve Parliament tomorrow.

The government-controlled New Straits Times newspaper reported that ministers had been ordered to wear a suit and tie for tomorrow’s regular Cabinet meeting for an official photograph. Tomorrow marks exactly four years since Najib took power after the coalition’s worst-ever election result.
Najib appeared to be getting ready for battle as he told the Petronas staff, who make up a part of Malaysia’s urban middle class that has swung to the opposition in recent elections, to keep the government in power, according to company officials.

“He told us that we had to vote wisely or Petronas, which has always been independent under the current government, will lose its independence if the opposition came into power,” said a Petronas employee who attended the meeting.
The board of Petronas answers only to Najib, who approved the one-off bonuses amounting to RM40 million.
Petronas, often described as Malaysia’s piggy bank, accounts for up to 45% of the government budget.
Late April polls?
If Najib dissolves Parliament tomorrow, it would signal an election by around the end of the month or in early May, raising doubt over Najib’s participation in a Southeast Asian leaders’ summit in Brunei on April 24-25.
Over the past two years, Najib’s government has handed out about US$2 billion in one-off payments to poorer families, in what the opposition has called thinly disguised vote-buying. Other handouts have included free wheels for taxi drivers, pay rises for civil servants and allocations to schools run by minority Chinese and Indians.
In recent days, the government has announced one-off bonuses of RM500 to more than 40,000 employees of Telekom Malaysia and Pos Malaysia.
Lower income workers make up a large part of Telekom Malaysia and Pos Malaysia and analysts expect state power firm Tenaga to pay out a similar bonus.
“In the past, there would be salary increments and the giving out of election goodies. Now, with these bonuses, it has gone to a new level,” said Ibrahim Suffian, head of the Merdeka Centre polling firm.
Political opponents have said Najib’s delay in calling the polls is a sign of his indecisiveness and concern in the face of a strong challenge by the opposition following its best-ever election performance in 2008.
Najib’s coalition is expected to win the vote but a failure to improve on its last performance could cost him his job.
In recent days, Najib has huddled with senior members of his party to decide on candidates. The ruling coalition has yet to publish its election manifesto.
Najib has repeatedly defended the polls delay, saying he wants time to show Malaysians how they have benefited from his ambitious Economic Transformation Programme, which aims to double per-capita incomes by 2020.
“Election dates are not for announcement until they actually happen. That’s a fact,” Najib told Reuters in an interview last week, laughing off a question on whether the election would be held in April.
Najib remains popular, polling significantly higher than his coalition in surveys. An opinion poll by the respected Merdeka Centre gave him a 61% approval rating in February, but that is down 10 points from the end of 2011.
- Reuters

[PETRONAS l The BLACKGOLD Company In Oil And Gas Business] Publications by Oil & Gas News: China gas drive may cut into oil.

Publications by Oil & Gas News
Resent articles by the "Oil & Gas News" from The Free Library

China gas drive may cut into oil.

Mar 11th 2013, 00:00

China's drive to fuel more vehicles with cleaner-burning natural gas could reduce oil demand by nearly a tenth equivalent to Turkey's total oil consumption and may help ease its cities' toxic smog problem, too.
The country's rise to become the world's biggest car market has seen rapid growth, too, in oil demand over the past decade, and has contributed to the heavy pollution that chokes...
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--
Posted By akula ni to PETRONAS l The BLACKGOLD Company In Oil And Gas Business at 3/12/2013 01:23:00 PM

CNPC, Petronas eye Angola bids.


CNPC, Petronas eye Angola bids.
Apr 16th 2013, 23:00

China National Petroleum Corp and Malaysia's Petronas are considering bids for Marathon Oil Corp's stakes in two Angolan offshore oil and gas fields, people familiar with the matter said.
This would be potentially the third major energy deal in Africa this year, a major new front for Asian state energy firms looking to fuel fast growing economies.
You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions

Publications by Oil & Gas News: Driller thinks Ethiopia is next in East Africa oil surge.


Driller thinks Ethiopia is next in East Africa oil surge.
Apr 16th 2013, 23:00

Tewedros Ashenafi hopes his Ethiopian exploration outfit will become the first indigenous company to make a basin-opening discovery in sub-Saharan Africa's 21st Century oil and gas boom.
His privately-held SouthWest Energy holds 46,000 sq km of exploration acreage amounting to almost 4 per cent of the vast, land-locked east African country.
You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions

Oil price level not harmful to world economy: Opec.


Oil price level not harmful to world economy: Opec.
Apr 16th 2013, 23:00

The current level of oil prices is not harmful to the global economy and on the contrary supports energy investments, the secretary general of oil exporting group Opec said.
Oil prices have averaged about $110 per barrel this year.
After early signs of stabilisation in the world economy, the last month has seen a series of setbacks with US and European recovery stuttering. "We...
You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions

Gulf petchem sees $250bn investment.


Gulf petchem sees $250bn investment.
Apr 16th 2013, 23:00

The total investments in the petrochemical sector in the Gulf region will balloon to more than $250 billion by 2015, said an expert while speaking at a major industry event in Dubai.
The 4th International Conference for Plastics Conversion (PlastCon 2013) saw experts discuss several topics including challenges facing plastic manufacturers.
You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions

Saudi to spend $134bn on energy and water.

Saudi to spend $134bn on energy and water.
Apr 16th 2013, 23:00

Energy consumption in Saudi Arabia is witnessing an unprecedented growth, prompting a wave of investments expected to reach SR502.5 billion ($134.1 billion) for various power and water projects in the next decade.
Being the third largest water consuming country in the world with an average consumption reaching 280 litres per day per capita, Saudi Arabia has earmarked up to SR202.5...
You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions

Chevron fire tied to oversight.

Chevron fire tied to oversight.
Apr 16th 2013, 23:00

Federal, state and local officials say they were not aware of corrosive pipes at the Richmond Chevron refinery until after a fire August 6, 2012 engulfed a unit of the facility. A report from the US Chemical Safety Board (CSB) last February found Chevron was aware of the faulty pipe pinpointed as the cause of the fire as early as 2002.
You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions

Oil markets tighten on Saudi cut: IEA.

Publications by Oil & Gas News
Resent articles by the "Oil & Gas News" from The Free Library

Oil markets tighten on Saudi cut: IEA.
Apr 2nd 2013, 23:00

World oil markets are tightening as Chinese fuel demand increases and the Organization of the Petroleum Exporting Countries' (Opec) supplies fall, draining inventories, the West's energy agency said on Friday, in a trend that could put extra upward pressure on prices.
You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions

BASF, Petronas disagree.

Publications by Oil & Gas News
Resent articles by the "Oil & Gas News" from The Free Library

BASF, Petronas disagree.
Apr 2nd 2013, 23:00

BASF and Malaysian state-owned oil and gas firm Petronas have decided not to pursue an extension of their partnership to a second speciality chemicals plant after failing to agree on terms.
"Petronas and BASF concluded that it would be in their mutual interest to terminate the HoA (Heads of Agreement) as both parties were unable to come to an agreement on the terms and conditions," the...
You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions

Najib Tun Razak announced bonuses for the 40,000 employees of national oil firm Petrona


KUALA LUMPUR: Prime Minister Najib Tun Razak announced bonuses for the 40,000 employees of national oil firm Petronas today, signalling a long wait for a general election is nearly over as he seeks last-minute support from the middle class.
In recent days, Najib has expanded a slew of handouts to include thousands of workers at state-linked firms, underlining the government’s ability to try to win support through its close control of Malaysia’s biggest companies.

Najib, whose ruling Barisan Nasional coalition could face the closest election battle in its 56-year rule, must call the polls by the end of April or Parliament will automatically dissolve for the first time in the country’s history.
At a town hall-style meeting with Petronas staff here, Najib said they would each get RM1,000 (US$320) bonuses for “contributing to nation-building”. Media predicted he would dissolve Parliament tomorrow.

The government-controlled New Straits Times newspaper reported that ministers had been ordered to wear a suit and tie for tomorrow’s regular Cabinet meeting for an official photograph. Tomorrow marks exactly four years since Najib took power after the coalition’s worst-ever election result.
Najib appeared to be getting ready for battle as he told the Petronas staff, who make up a part of Malaysia’s urban middle class that has swung to the opposition in recent elections, to keep the government in power, according to company officials.

“He told us that we had to vote wisely or Petronas, which has always been independent under the current government, will lose its independence if the opposition came into power,” said a Petronas employee who attended the meeting.
The board of Petronas answers only to Najib, who approved the one-off bonuses amounting to RM40 million.
Petronas, often described as Malaysia’s piggy bank, accounts for up to 45% of the government budget.
Late April polls?
If Najib dissolves Parliament tomorrow, it would signal an election by around the end of the month or in early May, raising doubt over Najib’s participation in a Southeast Asian leaders’ summit in Brunei on April 24-25.
Over the past two years, Najib’s government has handed out about US$2 billion in one-off payments to poorer families, in what the opposition has called thinly disguised vote-buying. Other handouts have included free wheels for taxi drivers, pay rises for civil servants and allocations to schools run by minority Chinese and Indians.
In recent days, the government has announced one-off bonuses of RM500 to more than 40,000 employees of Telekom Malaysia and Pos Malaysia.
Lower income workers make up a large part of Telekom Malaysia and Pos Malaysia and analysts expect state power firm Tenaga to pay out a similar bonus.
“In the past, there would be salary increments and the giving out of election goodies. Now, with these bonuses, it has gone to a new level,” said Ibrahim Suffian, head of the Merdeka Centre polling firm.
Political opponents have said Najib’s delay in calling the polls is a sign of his indecisiveness and concern in the face of a strong challenge by the opposition following its best-ever election performance in 2008.
Najib’s coalition is expected to win the vote but a failure to improve on its last performance could cost him his job.
In recent days, Najib has huddled with senior members of his party to decide on candidates. The ruling coalition has yet to publish its election manifesto.
Najib has repeatedly defended the polls delay, saying he wants time to show Malaysians how they have benefited from his ambitious Economic Transformation Programme, which aims to double per-capita incomes by 2020.
“Election dates are not for announcement until they actually happen. That’s a fact,” Najib told Reuters in an interview last week, laughing off a question on whether the election would be held in April.
Najib remains popular, polling significantly higher than his coalition in surveys. An opinion poll by the respected Merdeka Centre gave him a 61% approval rating in February, but that is down 10 points from the end of 2011.
- Reuters

[PETRONAS l The BLACKGOLD Company In Oil And Gas Business] Publications by Oil & Gas News: China gas drive may cut into oil.

Publications by Oil & Gas News
Resent articles by the "Oil & Gas News" from The Free Library

China gas drive may cut into oil.

Mar 11th 2013, 00:00

China's drive to fuel more vehicles with cleaner-burning natural gas could reduce oil demand by nearly a tenth equivalent to Turkey's total oil consumption and may help ease its cities' toxic smog problem, too.
The country's rise to become the world's biggest car market has seen rapid growth, too, in oil demand over the past decade, and has contributed to the heavy pollution that chokes...
You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions


--
Posted By akula ni to PETRONAS l The BLACKGOLD Company In Oil And Gas Business at 3/12/2013 01:23:00 PM