News List

PETRONAS invests in renewable energy startup

KUALA LUMPUR, July 6 -- PETRONAS through its corporate venture capital arm PETRONAS Ventures has inked an agreement with energy startup SOLS Energy Sdn Bhd to invest in the solar photovoltaic (PV) system start-up that provides sustainable energy for residential and small-to-medium enterprise (SME) sectors in Malaysia.

Oil prices outlook still uncertain as demand slows down - Sapura Energy

KUALA LUMPUR, July 3 -- The outlook for oil prices outlook will continue to be uncertain, largely driven by the double jeopardy of a slowdown in demand and unabated supply from producers, said Sapura Energy Bhd.

Petrochemical hub to be developed on 432 ha in Bintulu

BINTULU, July 2  -- The Sarawak government has identified about 1,068 acres (432.2 ha) in Tanjung Kidurong here for the development of a petrochemical hub.

WZ Satu's unit bags Petronas Carigali contract worth RM120 mln

KUALA LUMPUR, July 1 -- WZ Satu Bhd’s wholly-owned subsidiary, WZS Misi Setia Sdn Bhd and its consortium partner, UMD Energy Sdn Bhd has secured a contract from PETRONAS Carigali Sdn Bhd worth RM120 million. 

Serba Dinamik group bags 3 overseas contracts worth RM543.5 mln

KUALA LUMPUR, June 30 -- Serba Dinamik Holdings Bhd’s (SDHB) overseas subsidiaries have secured a total of three contracts in Indonesia and Zambia with a combined estimated contract value of about US$126.8 million (about RM543.5 million).

Petronas urged to give Sarawak contractors priority when awarding contracts

KUCHING, June 27 -- The Sarawak Petroleum Contractors Association has urged that Petroliam Nasional Berhad (Petronas) give the state’s contractors priority, in awarding contracts related to oil and gas exploration in Sarawak waters.

HSBC Malaysia partners Serba Dinamik in its global expansion

KUALA LUMPUR, June 27 – HSBC Malaysia said its in-depth understanding of market dynamics has played a part in propelling Serba Dinamik Holdings Bhd in delivering its key landmark transactions throughout the two company’s 15-year relationship.

Sapura Energy to cut 20 pct off its full-time employees worldwide

KUALA LUMPUR, June 25 -- Sapura Energy will be reducing about 20 per cent of its 4,000 full-time employees worldwide, of which 63 per cent are on contract while the remaining are permanent employees.

Embrace palm oil sustainability via blockchain technology -- Sumwin Group

KUALA LUMPUR, June 25 -- With minimal effort and capitalising on low-cost blockchain technology, stakeholders in the palm oil industry can provide real time digital traceability, Sumwin Group founder and chief executive officer U.R. Unnithan said.

Serba Dinamik opens Sarawak's first virtual theme park with reduced capacity

KOTA SAMARAHAN, June 24 -- The RM13-million D-Virtual Park, the first virtual theme park in Borneo, located at Jalan Meranek here, is now open to the public but with reduced capacity.