Offshore Oil & Gas Future Development

PETALING JAYA: The management of Management & Excellence S.A. (M&E) has apologised to Petroliam Nasional Bhd (Petronas) for carrying out a survey without the company’s consent and based on incomplete information.

Its chief executive officer Dr William Cox, in an apology letter addressed to Petronas president Tan Sri Mohd Hassan Merican, said the firm apologised for the damage caused to Petronas and its reputation as a result of the ethics rating study done by the firm in February. (more…)

PETALING JAYA: The management of Management & Excellence S.A. (M&E) has apologised to Petroliam Nasional Bhd (Petronas) for carrying out a survey without the company’s consent and based on incomplete information.

Its chief executive officer Dr William Cox, in an apology letter addressed to Petronas president Tan Sri Mohd Hassan Merican, said the firm apologised for the damage caused to Petronas and its reputation as a result of the ethics rating study done by the firm in February. (more…)

PETRONAS, through its wholly-owned subsidiary PICL, has subscribed for 176.5 million shares representing 10% of the post-IPO share capital of Cairn India Limited.Cairn India is a newly incorporated company, currently 100%-owned by Cairn Energy PLC, an independent E&P company listed on the London Stock Exchange.

Cairn Energy PLC currently holds several E&P assets in India and is listing Cairn India on the Bombay Stock Exchange and the National Stock Exchange of India. Upon completion of the IPO, Cairn India will hold all the ownership and operated interests in Cairn Energy’s Indian crude oil and natural gas development and production assets and the majority of its Indian crude oil and natural gas exploration assets. (more…)

PETRONAS, through its wholly-owned subsidiary PICL, has subscribed for 176.5 million shares representing 10% of the post-IPO share capital of Cairn India Limited.

Cairn India is a newly incorporated company, currently 100%-owned by Cairn Energy PLC, an independent E&P company listed on the London Stock Exchange. (more…)