News List

Sakuraenergy develops all-new generation system for renewable energy

KUALA LUMPUR, Sept 17 -- Sakuraenergy Co Ltd has developed an all-new generation system for renewable energy, PARASOLA, designed to save, create and store energy simultaneously and effectively.

Malaysia to benefit from oil price hike, say analysts

Malaysia is one of the few Asian countries that will benefit from the spike in oil prices in the aftermath of the attack on Saudi Arabia's petroleum facilities that knocked out more than five per cent of global supply over the weekend, say analysts. 

Oil and gas sector receives mixed rating

KUALA LUMPUR, Sept 17 -- Maybank Investment Bank Bhd maintained a "positive" call on the oil and gas (O&G) industry despite the weekend's attack on Saudi Arabia's oil facilities which saw the oil price spike more than 20 per cent overnight.

MGA Recognises Natural Gas As the Perfect Partner to Renewable Energy

KUALA LUMPUR, Sept 17 (Bernama) -- Malaysian Gas Association (MGA), the nation’s lead advocate for the natural gas industry, recognises natural gas as the perfect partner to renewable energy (RE), playing a vital role in driving RE growth in Malaysia. 

S Korea mulls releasing oil reserves in case of supply disruption

SEJONG (South Korea), Sept 17 -- South Korea will consider releasing its strategic oil reserves in case supply is disrupted following drone strikes on Saudi Arabia's crude processing facilities,Yonhap new agency reported, quoting  a senior official on Tuesday.

NAP 2019 to be implemented in three phases until 2030

By Nurul Hanis Izmir

KUALA LUMPUR, Sept 16 -- National Automotive Policy (NAP) 2019 to be launched soon, will be implemented in three phases till 2030 and it will also include efforts to make Malaysia a hybrid and energy-efficient vehicle (EEV) manufacturer, says Automotive, Robotic and IoT Institute (MARii) chief executive officer Datuk Madani Sahari.

Govt to provide subsidy if oil prices soar - Dr Mahathir

PUTRAJAYA, Sept 15 -- Saudi Arabia’s move to temporarily suspend production at the state-owned Aramco’s two major oil facilities following the drone attacks by Yemeni rebels will definitely impact the global oil prices, according to Prime Minister Tun Dr Mahathir Mohamad.

UMW M&E expands distributorship via Buraqoil's independent dealers

KUALA LUMPUR, Sept 13  -- UMW M&E Sdn Bhd (UMW M&E), a wholly-owned subsidiary in the UMW Group, has inked a distributorship collaboration agreement with Buraqoil Corporation Sdn Bhd (Buraqoil).

RON97 petrol price rises, RON95 petrol, diesel prices unchanged

KUALA LUMPUR, Sept 13  -- The retail price of RON97 petrol will be higher by three sen, at RM2.53 per litre, while the prices of RON95 petrol and diesel will remain the same, at RM2.08 and RM2.18 per litre, respectively, from tomorrow to Sept 20.

MPOB, FGV flag off B20 commercial trial project

KUALA LUMPUR, Sept 13 -- The Malaysian Palm Oil Board and FGV Holdings Bhd are conducting a trial project for the use of a blend of 20 per cent palm biodiesel and 80 per cent petroleum diesel, namely B20, for diesel vehicles.