Posts Tagged ‘petronas’

Petronas extends deadline on $5.2bn Progress deal

by on November 20, 2012 3:21 pm BST
The new closing date of 30 December follows an earlier extension to 30 November in the wake of the Canadian government’s rejection of the deal in late October. Industry minister Christian Paradis said then that the purchase was being rejected because it was unlikely to bring a “net benefit” to Canada.The

Shell flows first oil from Gumusut-Kakap

by on November 20, 2012 9:08 am BST
Field partner Petronas announced on Tuesday that first production from the field began flowing on the weekend via an interim crude evacuation system.Output was achieved from two wells on the field which have been tied back to a floating production, storage and offloading vessel on the nearby Murphy Oil-

Lundin spuds off Malaysia

by on November 7, 2012 3:34 pm BST
The Tembakau-1 exploration well on Block 307 was spud with the jack-up West Courageous, the Swedish company said.The well is off the east coast of peninsular Malaysia in approximately 80 metres of water.Lundin will chase Oligocene and Miocene sands in a low-relief structure 50 kilometres to Lundin’s 2011 north-west

Canadian government will consider public opinion in Cnooc-Nexen decision

by on October 25, 2012 4:05 am BST
Canada resources government will consider public opinion in Cnooc Nexen decisionBY PAUL VIERIAOTTAWA -- Canada's Conservative government will take public opinion into account when reviewing foreign takeovers, including China owned Cnooc bid for Canadian energy company Nexen, the country's resources minister said.This is a democracy, Joe Oliver said following the