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Petronas

The latest news and top stories on Petronas. A leading entity in the energy sector, Kuala Lumpur-based Petronas is a Malaysian state-owned multinational oil and gas company. It specialises in the exploration, production, refining, distribution and marketing of oil, natural gas, petrochemicals and lubricants, serving a diverse global clientele and domestic consumers. Recognised as one of the world’s largest corporations, Petronas operates in over 100 countries. Its overall business focus is on maximising value from Malaysia’s hydrocarbon resources, providing integrated energy solutions and advancing towards Net Zero Carbon Emissions by 2050.

Max Verstappen on his way to winning the Malaysia Grand Prix in Sepang in 2017, when the race was last held there. Photo: AFP

Formula One (F1)

Malaysia to make Formula 1 comeback in October as host of Bahrain Grand Prix

Addition of Sepang race, which will be called ‘Gulf Air Bahrain Grand Prix in Malaysia’, returns championship calendar ⁠to 23 stops.

26 Jul 2026 - 9:08PM

Formula One (F1)

Malaysia back in Formula 1 frame as Bahrain hopes recede amid conflict in region

24 Jul 2026 - 3:10PM

Petronas

Malaysia to make Formula 1 comeback in October as host of Bahrain Grand Prix

Addition of Sepang race, which will be called ‘Gulf Air Bahrain Grand Prix in Malaysia’, returns championship calendar ⁠to 23 stops.

Malaysia back in Formula 1 frame as Bahrain hopes recede amid conflict in region

Is Malaysia risking its world-class coral reefs for offshore oil?

Malaysia’s nationwide diesel subsidy gets citizens all pumped up

Diesel is currently US$1.05 per litre in Peninsular Malaysia, compared to a subsidised price of 50 US cents in Sabah and Sarawak.

Malaysia and Asean tap Russia for energy security, defying Western ‘prejudices’

At the Asean-Russia summit in Kazan, Prime Minister Anwar Ibrahim signalled the bloc’s willingness to engage with Moscow on trade.

Malaysia’s hunt for Russian oil tests Anwar’s ‘friends with all’ policy

Sourcing crude from Moscow to counter Middle East supply shocks risks drawing a backlash from the West.

Malaysia rises as Asean ‘middle power’ through new Japan LNG deal

Petronas’ 20-year agreement to supply JERA with LNG shows how Malaysia is using its natural resources to strengthen ties, analysts say.

Malaysia’s gas-guzzling data centre boom clashes with its clean energy goals

Across Malaysia, dozens of data centres hum around the clock, powered by electricity that increasingly comes from gas-fired turbines.

3 killed in Malaysia after lifeboat falls into sea from Petronas floating vessel

The victims were on a lifeboat for maintenance work when an attached rope or hook came loose, causing them to spill into the sea.

Malaysia’s fuel subsidy headache leaves Anwar ‘scrambling for solution’

The government will review fuel subsidies for higher-income Malaysians but has yet to decide how the cut-off should be applied, Anwar says.

Well-oiled diplomacy: Malaysian king visits Moscow as Anwar eyes Russian energy

Though Sultan Ibrahim’s visit is officially ceremonial, its timing coincides with the energy squeeze plaguing Malaysia and much of Asia.

Will Asean’s oil scramble mean Russia builds lasting stronghold in region?

Southeast Asia’s pivot may be for economic reasons, but some analysts warn Moscow could seek to build lasting influence in the region.

‘New normal’: Malaysia and Australia strike energy supply pledge amid Iran war

The deal creates a mutual spillover valve, allowing the partners to swap surplus energy once domestic demand is satisfied.

Petrol patrol: Malaysia sends police to guard border stations as fuel leaks rise

Malaysia is trying to prevent its heavily subsidised petrol and diesel from being siphoned across land and sea borders as the global energy crisis bites.

Malaysian minister warns of ‘very, very serious’ energy crisis

Anthony Loke urges Malaysians to plan their travel and reduce resource wastage, saying energy supply would not be disrupted until May.

Iran crisis bites into Malaysia’s supply chain as fuel subsidy cap falls

The quota cut for subsidised petrol reflects how the distant war is affecting Malaysia, with the food industry also sounding the alarm.

Battle for Malaysian gas heats up as Petronas wins bid to take Sarawak to court

The national energy firm says that Sarawak has ‌exceeded its powers by passing laws and asserting rights on all natural gas in the state.

Malaysia’s fuel subsidy bill to rise more than fourfold as Iran war drags on

The government will spend about US$812.8 million a month to maintain the price of subsidised petrol and diesel in the short term.

Malaysia tightens borders to fight fuel smuggling amid global energy crisis

The move comes amid concern that rising fuel prices abroad could make it more profitable to smuggle subsidised fuel out of Malaysia.

Malaysia’s biggest state wants its energy wealth back – and it’s going to court

Sarawak state is challenging oil giant Petronas’ dominance in the highest court, in a test for the prime minister’s unity coalition.

‘Dominated by non-Malays’: study on elected Kuala Lumpur mayor spurs race debate

Critics slam the study as a ‘naive and misguided’ move by Minister Hannah Yeoh that would worsen the country’s ‘cultural war’.

Malaysia’s Petronas to tap Qatar for gas as local reserves dwindle

QatarEnergy has also signed a 27-year deal to sell LNG to Japan’s JERA, the first long-term pact between the two nations in over a decade.

Malaysia’s poorest state prepares a poll shock for the prime minister

Decades of neglect and withheld resource revenue have left short-changed Sabah seething and primed for a political fight.

‘Dirtiest town in Asia’, Singapore’s wages stall: 7 Asia highlights

From backlash over the ‘dirtiest town in Asia’ to trouble for Japan’s new PM, here are a few highlights from SCMP’s recent Asia reporting.

Petronas CEO’s F1 champagne shower, Kyoto hotel tax: SCMP’s 7 highlights

From Kyoto set to start Japan’s highest hotel tax to China’s 300,000 new industrial robots, here are highlights from SCMP’s recent reporting.

Malaysia’s Petronas CEO sorry for ‘misplaced exuberance’ at F1 champagne shower

Tengku Muhammad Taufik Tengku Aziz was seen spraying champagne on the drivers and the crowd on the F1 podium in Singapore.

‘Do you want a boycott?’: Malaysia’s top mall rolls dice with flag ban

Pro-Palestinian protesters are calling for a mass gathering at the KLCC complex within the Petronas Twin Towers in Kuala Lumpur.

Malaysia tightens security at Petronas’ Bintulu LNG hub to investigate ‘threat’

Authorities did not specify the nature of the threat to the complex, which is the world’s largest single-site LNG production facility.