Malaysia's Petronas Says Force Majeure Declared at 2 Oil Terminals
01.11.2021 By Ricardo Perez - NEWS

January 11, 2021 [Energy World] – Petronas declared force majeure at its Miri crude oil terminal on Oct. 29 as a result of the MV Dayang Topaz vessel collision on Oct. 27 at the Baram field, offshore Miri, Sarawak, a company spokesman told Reuters.

 
Malaysia’s Petronas said on Monday force majeure had been declared at its Miri and Cendor crude oil terminals in the final quarter of 2020.

Petronas declared force majeure at its Miri crude oil terminal on Oct. 29 as a result of the MV Dayang Topaz vessel collision on Oct. 27 at the Baram field, offshore Miri, Sarawak, a company spokesman told Reuters.

Rectification work is currently being carried out at the Baram facilities which are expected to resume full production in Q3 2021,” it said.

——

Click Here to Access Today a 6,000 Tank Terminal Database With a Pro Trial
6,000 terminals as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Asian oil demand returns as global balances tighten
07.14.2026 - NEWS
July 14, 2026 [StoneX]- Asian oil demand is rebounding after a sharp drop during the Middle East ... Read More
Oil giants to gain ‘billions’ from Iran war
07.14.2026 - NEWS
July 14, 2026 [New York Post]- Oil giants like Exxon, Chevron, and Shell are set to gain billions... Read More
IEA warns return to war will upend oil market recovery
07.14.2026 - NEWS
July 14, 2026 [Argus Media]- The IEA warned that any return to conflict between the US and Iran c... Read More
Venture Global's liquefaction fees jump 69% on higher LNG prices
07.14.2026 - NEWS
July 14, 2026 [Reuters]- Venture Global’s average liquefaction fee surged 69% in the second qua... Read More