Petronas profit falls on lower sales, oil price

PETROLIAM Nasional Bhd, Malaysia’s state oil company, said first-half profit dropped 48 per cent because the global economic slowdown sapped energy demand and reduced fuel prices.

Net income fell to RM20.29 billion (US$6 billion) in the six months ended Sept 30 from RM38.65 billion a year earlier, Petronas, as the company is known, said in a statement on its Web site. Sales declined 38 per cent to RM98.18 billion.

Read More

Petronas sells stakes in Irish gas fields to Providence

PETALING JAYA: Providence Resources plc is exercising options to acquire 40% stakes in the Kinsale Head Area gas fields plus the adjoining Seven Heads field from Petronas International Corp Ltd, the overseas investment arm of Petroliam Nasional Bhd (Petronas).

Kinsale Head comprises the Kinsale Head, South West Kinsale and Ballycotton gas fields and also gas storage facility in the Celtic Sea.

Read More

Petronas gas records pre-tax profit of RM268.716 mln in Q2

KUALA LUMPUR, Nov 20 (Bernama) -- Petronas Gas Bhd recorded a lower pre-tax profit of RM268.716 million in the second quarter ended Sept 30, 2009, compared to a pre-tax profit of RM273.595 million in the corresponding quarter in 2008.

Revenue declined to RM823.188 million from RM849.700 million previously, the company said in an announcement last Friday.

Read More

Petronas Dagangan Records Pre-tax Profit Of RM275.914 Million In Quarter 2

KUALA LUMPUR, Nov 23 (Bernama) -- Petronas Dagangan Bhd recorded a higher pre-tax profit of RM275.914 million in the second quarter ended Sept 30, 2009 compared to the pre-tax profit of RM182.933 million posted in the same quarter of 2008.

However, revenue dropped to RM5.152 billion from RM7.69 billion, the company said in a statement to Bursa Malaysia here Monday.

Read More