Petroliam Nasional Bhd has sought to slash its expenditure by 30% from the amount it spent in its 2006 fiscal year. President and CEO Tan Sri Mohd Hassan Marican stated: There must be shared misery. We must have a hard look at costs. For full story, click here
Petroliam Nasional Bhd’s president/chief executive officer, Tan Sri Mohd Hassan Marican decalred that the Malaysian and Indonesian governments need to solve the issue over the disputed oil and gas-rich Ambalat block before anything can proceed. For full story, click here
Malaysia’s national oil company Petroliam Nasional Bhd., or Petronas, declared it has signed a production sharing agreement with an exploration unit of Exxon Mobil Corp. for the development of seven oil fields offshore peninsular Malaysia. For full story, click here
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