Petronas

Petronas, GIC to invest in 5 mn MT project of green ammonia in India

Malaysian energy giant Petroliam Nasional (Petronas) and Singapore's sovereign wealth fund GIC will invest in a project to produce five million tonnes of green ammonia a year in India by 2030. Gentari, the renewable energy arm of Petronas, and an affiliate of GIC will invest in the project being developed by AM Green, which has been set up by the founders of clean energy company Greenko Group, the companies said in a statement. "Gentari Sdn Bhd (Gentari), via its wholly-owned subsidiary Gentari International Renewables Pte Ltd, has entered into an agreement with AM Green BV (AM Green) to jointly invest, in phases, into a green ammonia platform, AM Green Ammonia Holdings BV (AMG Ammonia)," it said. AMG Ammonia is established by the founders of Greenko. An affiliate of Singapore investment entity, GIC, is also an investor in AMG Ammonia. "AMG Ammonia is projected to produce 5 million tonnes per annum of green ammonia using round-the-clock renewable energy by 2030. The platform aims t

Malaysia's Petronas offers $460 mn for stake in NTPC's green arm: Report

The deal was the first time an Indian state-run company has offered a stake in a renewable energy arm and comes as the country's renewables sector is attracting increasing foreign investment

Petronas clean energy arm sees India, Australia as key market for growth

The state-owned company has said it would allocate 20% of its overall capital expenditure for decarbonisation projects and cleaner energy solutions from 2023 to 2026

CPPIB, Petronas, Arcelormittal among 13 to bid for NTPC's green energy unit

The Canada Pension Plan Investment Board (CPPIB), Malaysian state-run Petronas and Arcelormittal SA are among the 13 bidders for a minority stake in the green energy unit of India's NTPC Ltd

TVS Racing, Petronas join hands to launch co-branded lubricant oil

The tie up will target the domestic market for now

Amplus Solar buys rooftop solar assets of Sterling & Wilson totaling 7.2 Mw

Deal value not revealed; The 17 acquired projects supply 13 leading industrial, commercial, and institutional customers

In a locked-down world, investment bankers ensuring the show goes on

Billion-dollar deals aplenty for right business

Saudi Aramco approaches Malaysian energy giant Petronas with IPO offer

Abu Dhabi's state investor Mubadala Investment Co has also been approached by Aramco's advisers

India key market but no interest in buying stake in Bina refinery: Petronas

Last week, Petronas and a consortium led by Japan's JXTG Holdings Inc were among companies interested in buying a stake in Bina oil refinery

Malaysia's Petronas, Japan's JXTG may buy stake in Bina refinery: Report

The Bina plant in central India, capable of processing 156,000 barrels per day (bpd) of crude oil, is operated by Bharat Oman Refineries Ltd

Malaysia's Petronas buys 25% stake in Shell-led LNG project

The agreement marks a turnaround by Petronas after it abandoned its own $27 billion LNG proposal

Petronas, Aramco mull Daewoo E&C acquisition; deal to fetch $1.87 billion

SEOUL (Reuters) - Oil firms Petronas and Aramco are among potential suitors for a controlling stake in Daewoo Engineering & Construction Co, a deal that could fetch around 2 trillion won ($1.78 billion), South Korea's Maeil Business Newspaper said on Friday.

Petronas scouts for LNG opportunities in India

With over 30 mn tonnes/annum supply capacity, Petronas is the third largest LNG player globally

Saudi Aramco to invest $7 billion in Petronas' RAPID oil refinery

The refinery will be set up by Petronas