(Bloomberg) — A subsidiary of Malaysian oil and gas giant Petroliam Nasional Bhd. (PETRONAS) has sued South Sudan for allegedly blocking a $1.25 billion sale of its assets and taking over the company instead. Earlier this month, state-owned Nile Petroleum Corp. took control of PETRONAS’ oil fields and assets – effectively taking ownership […]
A subsidiary of Malaysian energy giant Petronas has filed a lawsuit against South Sudan, claiming the country blocked the planned $1.25 billion sale of its oil fields to Savannah Energy and instead took control of the assets. The state-controlled Nile Petroleum Corporation (NilePet) took control of Petronas’ assets in South Sudan in early August and […]
(Bloomberg) — South Sudan’s state-owned Nile Petroleum Corp. has taken over oil fields and assets that belonged to a subsidiary of Malaysian oil company Petroliam Nasional Berhad (PETRONAS). The changes come less than two weeks after the Malaysian conglomerate announced it would leave South Sudan after 14 years. UK-based oil and gas company […]
(Bloomberg) — South Sudan’s state-owned Nile Petroleum Corp. has taken over oil fields and assets that belonged to a subsidiary of Malaysian oil company Petroliam Nasional Berhad (PETRONAS). The changes come less than two weeks after the Malaysian conglomerate announced it would leave South Sudan after 14 years. UK-based oil and gas company […]
(WO) – PETRONAS recently commenced maiden gas production from the Kasawari field in Block SK316, approximately 200 km offshore Malaysia. The initial flow rate will be 200 MMcfd. Block SK316 is operated by PETRONAS Carigali Sdn Bhd (PETRONAS Carigali), which holds a 90% interest, while the remaining 10% is owned by Exploration and […]
