Petronas, a Malaysian state oil firm has signed an initial pact with Exxon Mobil for a renewed production-sharing contract (PSC) deal for seven offshore Malaysian oil fields that would require the two companies around $2.1 billion on fields development. The current production-sharing contract signed between Petronas and ExxonMobil in 1995 is due to expire in March 2012.
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Energy singularity means a point where our source of energy is almost infinite, coming from the renewable sources and completely accessible to everyone on the planet.
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