The Globe and Mail reports in its Monday, July 22, edition that Exxon Mobil intends to transfer the operations of all assets of two production-sharing contracts in Malaysia to state energy company Petronas. A Reuters dispatch to The Globe reports that Exxon Mobil Exploration and Production Malaysia Inc., or EMEPMI, said in a statement on Friday: "This is not a sale and there will be no changes to EMEPMI's working interest in the Production Sharing Contracts. This does not impact our other businesses in Malaysia -- we remain committed to conducting business here as we have for more than 130 years." In a separate statement Saturday, Petronas said Petronas Carigali is engaged in discussions with EMEPMI regarding the transfer of operations for two production-sharing contracts located offshore Peninsular Malaysia. It said: "The discussions are subject to further agreements between both parties. ... Petronas Carigali remains committed to safe operations, as well as maintaining reliable and uninterrupted energy supply for our customers throughout the process." Malaysian media have reported that Exxon Mobil has been trying to sell its aging upstream assets in the country since 2020.