Malaysia oil and gas

China has protested the state energy firm Petronas' exploration activities in the South China Sea.

The PM's comments came after the publication of a leaked Chinese diplomatic note ordering the country to cease exploration activities in the South China Sea.

The contrast between the two state-owned oil firms reveals interesting differences in the political economies of Malaysia and Indonesia.

The budget sends a clear message: that Malaysia is looking to pivot away from oil and gas as a major source of state revenue.

Anwar Ibrahim's government has announced an ambitious transition plan, but it will take some effort to wean the country off fossil fuels.

Malaysia's state-owned energy giant has benefited from the global spike in oil and gas prices, but its long-term future is less certain.

Despite some superficial similarities, the production and distribution of energy is structured quite differently in the two countries.