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Oil Production

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Malaysia’s palm oil exports climb 0.93 pct to 1.54 mln tonnes in September - MPOB

Malaysia’s palm oil exports climb 0.93 pct to 1.54 mln tonnes in September - MPOB

Malaysia's crude palm oil production fell by 3.8 pct, down to 1.82 million tonnes in September 2024 from 1.89 million in August.
Thu Oct 10 2024
Malaysia's top palm oil producer warns El Nino may hit output

Malaysia's top palm oil producer warns El Nino may hit output

A fall in Malaysia's palm oil production could lift palm oil futures, already trading near their highest level in four months.
Tue Mar 07 2023
Malaysia welcomes EU's deforestation regulation, urges extension for implementation

Malaysia welcomes EU's deforestation regulation, urges extension for implementation

Wan Aishah said the Malaysian government is firmly committed to the sustainability of palm oil production based on the country's laws.
Wed Nov 16 2022
Malaysia agrees with oil production cuts by OPEC

Malaysia agrees with oil production cuts by OPEC

Malaysia has agreed with the recent implementation of oil production cut of 2 million barrels per day.
Tue Oct 18 2022
Petronas: Gumusut-Kakap deepwater field achieves first oil production

Petronas: Gumusut-Kakap deepwater field achieves first oil production

Two new oil producer wells and two water injector wells were drilled.
Mon Oct 03 2022
CPO prices to range higher at RM5,000-RM5,500 a tonne in Q4 - Zuraida

CPO prices to range higher at RM5,000-RM5,500 a tonne in Q4 - Zuraida

This is due to the resumption of Indonesia's palm oil export levy beginning Sept 1, and the expected decline in palm oil production in Q4.
Mon Jul 25 2022
Saudi Arabia eyes oil production up to 13 million barrels per day

Saudi Arabia eyes oil production up to 13 million barrels per day

Saudi Crown Prince Mohamed bin Salman on Saturday said the kingdom will seek to increase its oil production to 13 million barrels per day.
Sun Jul 17 2022
Govt prepared to work with PNG on allegation of wrongdoing by Malaysia palm oil company

Govt prepared to work with PNG on allegation of wrongdoing by Malaysia palm oil company

Willie Mongin stresses the importance of sustainable palm oil production in compliance with the Good Agricultural Practices certification.
Thu Mar 10 2022
MOSTI helping B40 group via gelam tree oil production project in Terengganu

MOSTI helping B40 group via gelam tree oil production project in Terengganu

MOSTI is ready to help more individuals in the B40 group get involved in gelam tree oil production through the MySI fund.
Sun Oct 24 2021
US probing nearly 350 reports of oil spills in wake of Hurricane Ida

US probing nearly 350 reports of oil spills in wake of Hurricane Ida

Ida's 150 mile-per-hour winds wreaked havoc on offshore oil production platforms and onshore oil and gas processing plants.
Tue Sep 07 2021
OPEC agrees to increase oil production slightly - Mustapa

OPEC agrees to increase oil production slightly - Mustapa

The OPEC ministers agreed to increase slightly crude oil production in view of signs of a global economic recovery, Mustapa said.
Thu Sep 02 2021
OPEC Plus agrees to increase oil production for next 3 months

OPEC Plus agrees to increase oil production for next 3 months

The decision was made based on the improvements in the market supported by global vaccination programmes and stimulus packages in key economies.
Fri Apr 02 2021
Petronas to announce production cut quantum for 2017

Petronas to announce production cut quantum for 2017

Petronas will soon announce the production cut quantum for Malaysia's 2017 crude oil production as agreed to at a meeting of the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC m
Mon Dec 19 2016
Petronas achieves first oil production from Malikai field

Petronas achieves first oil production from Malikai field

Petronas today announced that the Malikai field, Malaysias first Tension Leg Platform (TLP) for deep-water project, achieved its first oil production on Dec 11.
Wed Dec 14 2016
Petronas to adjust output after oil cut deal

Petronas to adjust output after oil cut deal

Petroliam Nasional Bhd said on Tuesday it would adjust crude oil production in line with an agreement between OPEC and non-OPEC producers to reduce global supply.
Tue Dec 13 2016
COP29 climate summit draft proposes rich countries pay $250 billion per year

COP29 climate summit draft proposes rich countries pay $250 billion per year

The draft finance deal criticised by both developed and developing nations.
Fri Nov 22 2024
Bomb squad sent to London's Gatwick Airport after terminal evacuation

Bomb squad sent to London's Gatwick Airport after terminal evacuation

This was following the discovery of a suspected prohibited item in luggage.
Fri Nov 22 2024
Kelantan urges caution amidst northeast monsoon rains

Kelantan urges caution amidst northeast monsoon rains

Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.
Fri Nov 22 2024
Former New Zealand PM Jacinda Ardern receives UN leadership award

Former New Zealand PM Jacinda Ardern receives UN leadership award

Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.
Fri Nov 22 2024
ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM

ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM

The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.
Fri Nov 22 2024
KTMB provides two additional ETS trains for Christmas, school holidays

KTMB provides two additional ETS trains for Christmas, school holidays

KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.
Fri Nov 22 2024
BNM'S international reserves rise to USD118 bil as at Nov 15, 2024

BNM'S international reserves rise to USD118 bil as at Nov 15, 2024

Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.
Fri Nov 22 2024
Findings by dark energy researchers back Einstein's conception of gravity

Findings by dark energy researchers back Einstein's conception of gravity

The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.
Fri Nov 22 2024
NRES responds to Rimbawatch press release on COP29

NRES responds to Rimbawatch press release on COP29

The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.
Fri Nov 22 2024
Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections

Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections

The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.
Fri Nov 22 2024