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PETRONAS was also the main sponsor for the Malaysian Grand Prix, and co-sponsored the Chinese Grand Prix, and the inaugural Korean Grand Prix. PETRONAS was the exclusive premium partner of the Sauber PETRONAS (1995–2005) and BMW Sauber (2006–2009) F1 teams. BMW had acquired the controlling stake of the former Sauber PETRONAS Engineering ...
A commercial oil tanker receives oil at a terminal off Iraq. Total revenue of oil and gas companies is listed in billions of U.S. dollars. Total revenue is usually self-reported by the company, and often reported by neutral, unbiased, reliable publications.
The oil and gas industry is usually divided into three major sectors: upstream (also called exploration and production or E&P), midstream and downstream. [1] [2] The upstream sector includes searching for potential underground or underwater crude oil and natural gas fields, drilling exploratory wells, and subsequently operating the wells that recover and bring the crude oil or raw natural gas ...
IOGP also works with the World Bank and with the International Organization for Standardization (ISO). It is also accredited to a range of regional bodies that include OSPAR, the Helsinki Commission and the Barcelona Convention, and provides a conduit for advocacy and debate between the upstream industry and the European Union (EU).
LNG Canada Development Inc. is an industrial joint venture established to construct a liquefied natural gas (LNG) export terminal in Kitimat, British Columbia, Canada.The consortium is led by Shell and also includes Petronas, PetroChina, Mitsubishi, and Korea Gas.
Logo. Malaysia LNG (MLNG) is a liquefied natural gas manufacturer in Malaysia.It operates in the 9 liquefaction modules PETRONAS LNG Complex, Bintulu, Sarawak. In 2007, it was the largest LNG manufacturing complex.
Front-end loading (FEL), also referred to as Front-End Engineering Design (FEED), Front End Planning (FEP), pre-project planning (PPP), and early project planning, is the process for conceptual development of projects in processing industries such as upstream oil and gas, petrochemical, natural gas refining, extractive metallurgy, waste-to-energy, biotechnology, and pharmaceuticals.
In June 2017, the Chief Minister of Sarawak, Abang Johari Openg, announced that Sarawak will establish a state-owned oil and gas exploration company. [24] On 4 July 2017, Abang Johari announced [25] that the petroleum company would be 100 percent owned by Sarawak and will work with Petronas on an equal basis. [26]