OPERATIONS

Petronas cuts deals with Brunei

FOLLOWING high-level weekend talks, Petronas and Shell have picked up stakes in two offshore Brunei blocks while state-owned PetroleumBrunei has agreed to buy a 3% stake in the Petronas-led Pacific Northwest LNG project in Canada.

As part of various agreements struck at the 17th annual Malaysia-Brunei Leaders Consultation, Petronas revealed that the joint venture of its Brunei subsidiary with Shell Deepwater Borneo had won 50% stakes...

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