With Brent crude prices hovering around US$65 per barrel and expectations that this modest environment will linger, Petroliam Nasional Bhd (PETRONAS) is rethinking how it runs its business.

Petronas will begin drilling on Sunday, the first of three wells in an exploration campaign aimed at finding additional oil reserves at its offshore Block 52 in Suriname, state company Staatsolie ...

Petronas and ExxonMobil agreed to further explore a potential gas production area offshore Suriname where the leaseholders had declared a gas discovery, albeit a commercially unattractive one.

Petronas Suriname E&P is the operator of and owns 100 percent participating interest in Block 63, which has an area of 2,094.6 square miles (5,425 square kilometers) and is located approximately ...

Malaysia's state-owned oil firm Petronas has discovered several oil-bearing layers in an exploration well off the coast of Suriname, state oil firm Staatsolie said in a statement on Thursday.

Petronas Suriname E&P BV, a subsidiary of Petronas, made a third hydrocarbon discovery in Block 52 at the Fusaea-1 exploration well offshore Suriname. The well was spudded in February 2024 and was ...

Suriname should boost incentives for energy companies looking to develop oil and gas discoveries, said Zamri Baseri, head of Malaysia's Petronas in the South American country.

The Announcement In early November, Petronas, the operator of the partnership, announced a major discovery in block 52 of Suriname, of which Exxon Mobil is a 50% participant.

ExxonMobil Corporation XOM and Production Suriname, an affiliate of ExxonMobil, alongside Petronas Suriname E&P, a subsidiary of Malaysia’s Petronas, have announced a significant hydrocarbon ...

Petronas subsidiary Petronas Suriname E&P BV discovered oil at the Roystonea-1 exploration well in Suriname’s Block 52. The company is working to evaluate the full extent of the discovery and ...