News List

First deepwater gas production off Sabah augments Malaysia’s investment potential - Petronas

KUALA LUMPUR, Feb 16 -- Petroliam Nasional Bhd (Petronas) has confirmed an inaugural gas production from the Rotan and Buluh fields in Block H, off the coast of Sabah, offshore Malaysia on Feb 6, 2021, augmenting Malaysia’s petroleum investment potential.

MDV is top financier for green energy projects

PADANG TERAP, Feb 15  -- Malaysia Debt Ventures Bhd (MDV) has approved a total of RM912.4 million in financing for projects in the green energy sector, thus becoming the highest financier under the Green Technology Financing Scheme (GTFS) since its introduction in 2010.

Petronas, Sumitomo to jointly market, supply LNG bunker

KUALA LUMPUR, Feb 11 -- Petroliam Nasional Bhd’s (Petronas) subsidiary, Petronas Trading Corporation Sdn Bhd (Petco), has signed a memorandum of collaboration (MoC) with Japan’s Sumitomo Corporation to jointly market and supply liquefied natural gas (LNG) bunker and related services through Petronas Marine brand in both Malaysia and Tokyo Bay, Japan.

Task force report urges US, allies to recommit preventing nuclear proliferation

KUALA LUMPUR, Feb 11 -- A new report argues fraying American alliances and a rapidly changing security environment have begun calling into question America’s nuclear security guarantees and threaten the long-term viability of the 50-year-old nuclear nonproliferation regime. 

Worst deemed over for oil and gas industry

KUALA LUMPUR, Feb 11 -- In the short term, it appears that the worst is over for the oil and gas (O&G) industry after a catastrophic 2020 due to a combination of a supply shock, an unprecedented drop in demand for the commodity and a global humanitarian crisis brought about by the COVID-19 pandemic. 

Sapura bags new contracts with combined value of RM1.85 bln

KUALA LUMPUR, Feb 10 -- Sapura Energy Bhd has announced contract wins in its engineering and construction (E&C) and drilling divisions, with a combined value of approximately RM1.85 billion.

Nikkiso Clean Energy & Industrial Gases Group receives IP for EMA manufacturing

KUALA LUMPUR, Feb 10 -- Nikkiso Cryogenic Industries’ Clean Energy & Industrial Gases Group (CE&IG) via its Pump Unit has acquired intellectual property (IP) to manufacture and assemble electric-mechanical actuators (EMA) and associated control panels.

Petronas advances in autonomous operations using O-PAS technologies

KUALA LUMPUR, Feb 10 -- Petronas is set to make significant progress in autonomous operations aimed at optimising resources and minimising workers’ exposure to hazard risks.

SCIB bags two contracts worth RM821 mln in Kuching, Qatar

KUALA LUMPUR, Feb 9  -- Sarawak Consolidated Industries Bhd (SCIB) has bagged two engineering, procurement, construction and commissioning (EPCC) contracts for a total value of RM821.32 million.

Widad inks MoC on photovoltaic plant management project

KUALA LUMPUR, Feb 3 -- Widad Group Bhd (Widad) has inked a memorandum of collaboration (MoC) with Motion Ventures Sdn Bhd (MVSB) in relation to the facility management of a large-scale photovoltaic plants project in Sungkai, Perak, as well as 66 community solar projects.