PETRONAS, short for Petroliam Nasional Berhad, is a Malaysian oil and gas company that was founded on 17 August 1974. Wholly owned by the Government of Malaysia, the corporation is vested with the entire oil and gas resources in Malaysia and is entrusted with the responsibility of developing and adding value to these resources. PETRONAS is ranked among Fortune Global 500's largest corporations in the world. Fortune ranks PETRONAS as the 75th largest company in the world in 2013. It also ranks PETRONAS as the 12th most profitable company in the world and the most profitable in Asia.Since its incorporation, PETRONAS has grown to be an integrated international oil and gas company with business interests in 35 countries. As of the end of March 2005, the PETRONAS Group comprised 103 wholly owned subsidiaries, 19 partly owned outfits and 57 associated companies. Together, these companies make the PETRONAS Group, which is involved in various oil and gas based activities. The Financial Times has identified PETRONAS as one of the "new seven sisters": the most influential and mainly state-owned national oil and gas companies from countries outside the OECD.The group is engaged in a wide spectrum of petroleum activities, including upstream exploration and production of oil and gas to downstream oil refining; marketing and distribution of petroleum products; trading; gas processing and liquefaction; gas transmission pipeline network operations; marketing of liquefied natural gas; petrochemical manufacturing and marketing; shipping; automotive engineering; and property investment.PETRONAS provides a substantial source of income for the Malaysian government, with 45% of the government's budget dependent on PETRONAS' dividend, moreover in 2011 government actual balance has 5 percent deficit of Gross Domestic Product.The company is headquartered at the Petronas Towers which was officially opened on Malaysia's 42nd National Day, 31 August 1998 – in the corporation's 24th Anniversary year. Wikipedia.
Cameron Inc. and Petronas | Date: 2017-04-24
A membrane filter element includes at least two cylindrical-shaped, fiber bundles, one of the fiber bundles containing first fibers fabricated to provide a selected first gas selectivity, a selected first gas permeability, or a selected first gas selectivity and permeability performance and arranged so a first gas permeate exits the membrane element; another of the fiber bundles containing second fibers fabricated to provide a selected second, different gas selectivity, a selected second different gas permeability, or a selected second gas selectivity and permeability performance and arranged so a second different gas permeate exits the membrane element. The different performance characteristics can reduce the number of membrane elements required for gas separation and to improve gas separation performance due to changing gas composition as the gas travels through the membrane element.
News Article | May 24, 2017
"Pure Storage has built the data platform for the cloud era," said Pure Storage CEO Scott Dietzen. "We are pursuing one of the biggest available markets in tech in supporting new data-driven applications including AI, the rapid adoption of cloud computing and the revamping of the enterprise data center. With our best year of innovation yet, we could not be more excited about the road ahead." "Q1 was a strong quarter for Pure, with our results notably exceeding both top line and bottom line guidance," said Pure Storage CFO Tim Riitters. "We continue to drive strong year over year improvement in operating leverage as we drive to our $1 billion full year revenue target." In the quarter, approximately 300 new customers joined Pure Storage, increasing the total to more than 3,350 organizations, including nearly 25% of the Fortune 500. New customer wins in the quarter include: Churchill Downs Incorporated, Fujitsu Cloud Technologies, Henry Schein, Inc., telecommunications and Cloud IaaS service provider IP Telecom, MacStadium, Oppenheimer & Co. and Securitas Direct. New FlashBlade customer wins include: Black Duck Software, the City of Davenport and nuclear power plant KKG. The following tables summarize our consolidated financial results for the fiscal quarters ended April 30, 2017 and 2016 ($ in millions except per share amounts, unaudited): A reconciliation between GAAP and non-GAAP information is provided at the end of this release. Pure Storage's second quarter fiscal 2018 guidance is as follows: Pure Storage's full year fiscal 2018 guidance is as follows: All forward-looking non-GAAP financial measures contained in this section titled "Financial Outlook" exclude stock-based compensation expense, payroll tax expense related to stock-based activities and, as applicable, other special items. We have not reconciled guidance for non-GAAP gross margin and non-GAAP operating margin to their most directly comparable GAAP measures because such items that impact these measures are not within our control and/or cannot be reasonably predicted. Accordingly, a reconciliation of the non-GAAP financial measure guidance to the corresponding GAAP measures is not available without unreasonable effort. Pure Storage will host a teleconference to discuss the first quarter fiscal 2018 results at 1:30 p.m. (PT) on May 24, 2017. Pure Storage will post its supplemental earnings presentation to the investor relations website at investor.purestorage.com following the conference call. Teleconference details are as follows: Pure Storage has posted a blog from its CEO discussing first quarter fiscal 2018 results at investor.purestorage.com and blog.purestorage.com. Pure Storage will hold its 2017 annual meeting of stockholders on Tuesday, June 20, 2017 at 10:00 a.m. (PT). The meeting will be held virtually, via live webcast at www.virtualshareholdermeeting.com/PSTG2017. The record date for the meeting was April 25, 2017, and only stockholders of record on that date are eligible to participate in the meeting. Other interested persons may listen to the live webcast of the meeting and can view the 2017 proxy statement and Annual Report on Form 10-K at investor.purestorage.com. Pure Storage will host its 2017 investor day from 1:00 p.m. to 4:00 p.m. (PT) on June 13, 2017, in conjunction with its second annual technology conference, Pure//Accelerate. A live video webcast will be available at investor.purestorage.com. This event is designed for financial analysts and institutional investors. Building upon a successful inaugural Pure//Accelerate last year, the 2017 conference will feature guest speakers from technology giants such as Cisco and VMware; marquee brands including Mercedes AMG Petronas Formula One and The World Bank; cutting-edge scientific minds from the UC Berkeley AMPLab; and Jeffrey Ma of the infamous MIT Blackjack Team. Pure//Accelerate will be held June 12-14, 2017 at Pier 70 in San Francisco. Pure Storage (NYSE: PSTG) helps companies push the boundaries of what's possible. Pure's end-to-end data platform – including FlashArray, FlashBlade and our converged offering with Cisco, FlashStack – is powered by innovative software that's cloud-connected for management from anywhere on a mobile device and supported by the Evergreen business model. The company's all-flash based technology, combined with its customer-friendly business model, drives business and IT transformation with solutions that are effortless, efficient and evergreen. With Pure's industry leading Satmetrix-certified NPS score of 83.5, Pure customers are some of the happiest in the world, and include organizations of all sizes, across an ever-expanding range of industries. Connect with Pure Storage: Read the blog Converse on Twitter Follow on LinkedIn Pure Storage, Evergreen, FlashBlade, FlashStack and the "P" Logo mark are trademarks of Pure Storage, Inc. All other trademarks or names referenced in this document are the property of their respective owners. This press release contains forward-looking statements regarding our products, business and operations, including our expectations regarding technology differentiation, our current and future opportunities and ability to execute for continued growth and industry leadership, and our outlook for the second quarter and full year fiscal 2018 and statements regarding our products, business, operations and results, including progress toward profitability. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the captions "Risk Factors" and elsewhere in our filings and reports with the U.S. Securities and Exchange Commission, including, but not limited to, our Annual Report on Form 10-K for the year ended January 31, 2017, which are available on our investor relations website at investor.purestorage.com and on the SEC website at www.sec.gov. Additional information will also be set forth in our Quarterly Report on Form 10-Q for the quarter ended April 30, 2017. All information provided in this release and in the attachments is as of May 24, 2017, and we undertake no duty to update this information unless required by law. To supplement our condensed consolidated financial statements, which are prepared and presented in accordance with GAAP, we use the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating loss, non-GAAP operating margin, non-GAAP net loss, non-GAAP net loss per share, free cash flow, and free cash flow as a percentage of revenue. In computing these non-GAAP financial measures, we exclude the effects of stock-based compensation expense and payroll tax expense related to stock-based activities. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses and expenditures such as stock-based compensation expense that may not be indicative of our ongoing core business operating results. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when analyzing historical performance and liquidity and planning, forecasting, and analyzing future periods. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP, and our non-GAAP measures may be different from non-GAAP measures used by other companies. For a reconciliation of these non-GAAP financial measures to GAAP measures, please see the tables captioned "Reconciliations of non-GAAP results of operations to the nearest comparable GAAP measures" and "Reconciliation from net cash provided by (used in) operating activities to free cash flow," included at the end of this release. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pure-storage-announces-first-quarter-fiscal-2018-financial-results-300463432.html
Petronas | Date: 2015-05-06
A method and apparatus is disclosed for remotely and selectively controlling fluid flow through tubular string disposed within a wellbore and further control fluid flow between the tubular string inner flow passage and the annular flow passage. The present invention further discloses a method of selectively and remotely receiving and interpreting a for of command or information at a desired apparatus within the wellbore caused by the operator on earth surface.
Petronas | Date: 2013-05-08
The present disclosure relates to a method for removing carbon dioxide from hydrocarbons, the method comprising the steps of: (a) contacting a feed stream comprising hydrocarbons and carbon dioxide with one or more gas-separation membranes to produce a hydrocarbon-rich retentate gas stream and a permeate gas stream rich in carbon dioxide, the retentate gas stream containing less carbon dioxide relative to the feed stream; and (b) passing at least one of the retentate gas stream or the permeate gas stream through an absorption unit to produce a hydrocarbon-rich gas phase and a liquid absorbent phase containing said carbon dioxide. The present disclosure also relates to a system for doing the same.
Petronas | Date: 2013-07-23
There is provided a polymer composition comprising a first polymer phase and a second polymer phase, wherein: a) the first polymer phase comprises a thermoplastic polymer matrix modified with an adhesive functional group or a group which is a precursor of an adhesive functional group; and b) the second polymer phase comprises a thermoplastic polymer capable of acting as a self-healing agent and being chemically reactive on healing of the polymer composition.
Petronas | Date: 2014-04-03
The present invention provides an apparatus (10) suitable for cooling hot condensate in a piping. The apparatus comprises the use of a vortex tube (103) together with liquid such as water. A container (101) is provided to hold the liquid where the vortex tube is disposed inside the container (101). A pipe coil (133) for conveying the hot condensate is provided around the tube (104). The apparatus (10) will generate mist for cooling the hot condensate in the piping.
Petronas | Date: 2015-09-04
The present invention relates to a water curable resin formulation comprising: (a) an epoxy resin; (b) an aromatic amine curing agent, wherein the molar ratio of amine functional groups in said curing agent relative to the epoxy functional groups of said epoxy resin is 2:1 or less; and (c) a coupling agent comprising a siloxane group coupled to an epoxy reactive group.
Petronas | Date: 2016-08-04
A themo-chemical system for removing organic deposits such as wax, asphaltenes, and resins in an oil well borehole, and in oil production and transportation tubing and pathways.
Petronas | Date: 2013-07-26
The present invention relates to a process of desalting crudeoil, in particular a process for desalting a crude oil which comprises an ionic liquid, an organic acid and any resulting organic salt.
Petronas | Date: 2013-06-25
A system (2) for relining an undersea pipeline (5), said pipeline (5) having and inlet (13) and outlet (11) beneath sea level (8), comprising a coiling drum (3) positioned above sea level and having a length of liner (1) reeled thereon; said coiling drum (3) arranged to deliver said liner (1) to the inlet (13); an actuator engaged with a leading end of said liner and arranged to apply a tensile force (6) to said liner (1) so as to draw said liner through the pipeline; wherein the liner is of a composite construction having a fibre core.