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The Latest Breaking News from Petronas

Petronas to fight asset claims by Southeast Asian sultan's heirs

Malaysian state oil firm Petronas said on Saturday said it would contest any claims on its assets by the heirs of a former Southeast Asian sultan, who are seeking $15 billion in compensation.

Reuters

Malaysia fights $15bn asset seizure bid

KUALA LUMPUR: Malaysia has vowed to challenge a move by the heirs of a former sultan to seize its Dutch assets as part of the descendants’ efforts to enforce a US$15-billion arbitration award against the Malaysian state.

Bangkok Post

Malaysia to fight move by late Sultan's heirs to seize Dutch assets

Malaysia on Friday said it will challenge a move by the heirs of a former Southeast Asian sultan to seize its Dutch assets as part of the descendents' efforts to enforce a $15 billion arbitration award against the Malaysian state.

Reuters

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Mercedes signs early Petronas deal extension ahead of new F1 2026 rules

Mercedes has secured the commitment of fuels and oil partner Petronas for Formula 1’s new regulations era from 2026, after opting for an early extension of its title sponsorship deal.

Autosport

After oil: what Malaysia and Iran may look like in a post-fossil-fuel future

As the devastation of climate change makes the need to decarbonise clearer by the day, countries face the question of what to do with their old fossil fuel infrastructure. While some environmental activists have taken to sabotaging the carbon economy on the back of its emissions in the Global North,…

The Conversation

Australia’s rotten gas cartel is a climate, economic and fiscal criminal

Who’s responsible for the looming gas supply crisis the ACCC has warned about? A cartel of mostly foreign gas suppliers exploiting market power.

Crikey

Malaysia PM vows to protect global assets as sultan heirs claim $15bn award

KUALA LUMPUR: Malaysia's Prime Minister Ismail Sabri Yaakob promised legal measures on Tuesday to protect the country's assets worldwide, local media reported, as heirs to a 19th century sultan sought to enforce a $15 billion arbitration award via asset seizures.

Bangkok Post

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The sultan, his family and a $15bn dispute over oil in Malaysia

The heirs to the last ruler of Sulu have seized state-owned energy assets in a lawsuit that dates back to colonial Britain

Financial Times

Malaysian assets at risk globally as late Sultan's heirs claim $15 billion award

The heirs of a 19th century sultanate are seeking to seize Malaysian government assets around the world in a bid to enforce a $14.9 billion arbitration award they won against the Southeast Asian nation, despite a stay on the case handed by a French court, their lawyers told Reuters.

Reuters

Malaysia obtains stay order against $15 billion award to late sultan's heirs

Malaysia said on Wednesday it had obtained a stay order against the enforcement of a French arbitration court ruling ordering the government to pay $14.9 billion to the descendents of a late sultan over a colonial-era land deal.

Reuters

PTTEP quitting Yetagun gas field in Myanmar

PTT Exploration and Production Plc (PTTEP) of Thailand and Petronas of Malaysia say they are withdrawing from the Yetagun natural gas project in coup-hit Myanmar.

Bangkok Post

Thai, Malaysian firms pull out of Myanmar gasfield project

Bangkok (AFP) - Thailand's oil and gas conglomerate PTTEP and Malaysia's Petronas announced Friday they would withdraw from the Yetagun gas project in coup-hit Myanmar.

AFP

Petronas to be title partner of TVS Racing

The team will don a new livery as part of the alliance effective this season

The Hindu

Japan's Eneos plans to withdraw from Myanmar's Yetagun gas project

TOKYO: Japanese energy company Eneos Holdings aims to withdraw from Myanmar's Yetagun gas project in response to "social issues", a spokesperson said on Friday, amid criticism that the project is funding the southeast Asian nation's military junta.

Bangkok Post

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Bangkok Post

Mitsubishi, Petronas to sell stakes in Myanmar Yetagun gas field

TOKYO/SINGAPORE: Malaysia's Petronas and Japan's Mitsubishi Corp are divesting their stakes in Myanmar's Yetagun gas field, the companies said, in the latest exits by major energy companies from the country since last year's military coup.

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