News List

Hanwha Energy starts commercial production at Malaysian solar plant

SEOUL, Dec 14 -- Hanwha Energy Corp., South Korea's renewable energy company, said Monday it has completed a 48-megawatt solar power plant in Malaysia and started commercial production, Yonhap news agency reported.

Petronas makes hydrocarbon discovery in Block 52 offshore Suriname

KUALA LUMPUR, Dec 11  -- Petroliam Nasional Bhd (Petronas) has via its subsidiary, Petronas Suriname E&P B.V. (PSEPBV), has made its first discovery of hydrocarbon in Suriname with the successful drilling of the Sloanea-1 exploration well located in Block 52.

Laos to export more electricity to Vietnam

VIENTIANE, Dec 10 -- Vietnam plans to import more electricity from Laos to address its projected energy shortages, Xinhua news agency quoting Lao local media reported.

KPower aims to boost orderbook by additional RM2 bln for FY21

KUALA LUMPUR, Dec 9 -- Kumpulan Powernet Bhd (Kpower), which has managed to secure RM1.4 billion orderbook in Malaysia, ASEAN countries and Nepal, aims to further increase its orderbook by an additional RM2 billion in this financial year (FY) ending June 30, 2021.

Fitch downgrades Petronas to BBB+, outlook at stable

KUALA LUMPUR, Dec 8 -- Fitch Ratings has downgraded Petroliam Nasional Bhd’s (Petronas) long-term foreign- and local-currency issuer default ratings (IDRs) to 'BBB+' from 'A-', with the outlook at stable.

Caspian Energy Investment Forum Baku 2020 aims to draw investments to Azerbaijan

BAKU, Dec 8 -- The 10th International Caspian Energy Investment Forum Baku 2020 will be held online on Dec 23.

Solarvest, Satria Megajuta secure solar PV contracts

KUALA LUMPUR, Dec 7 -- Solar photovoltaic (PV) system specialist Solarvest Holdings Bhd has secured a contract from Southern Cable Group Bhd to instal a 2.7 megawatt (MW)-peak rooftop solar PV system on its cable and wires manufacturing facility in Kuala Ketil, Kedah.

SESB handover process to take five years - Deputy Minister

KUALA LUMPUR, Dec 7 -- The Federal government expects the process of handing over the ownership of Sabah Electricity Sdn Bhd (SESB) to the state government to take at least five years.

Year of free fall and crash: O&G industry bleeds due to COVID-19

By Siti Radziah Hamzah

KUALA LUMPUR, Dec 7 -- This is the year when the pendulum in the oil and gas (O&G) industry swung too far towards fear and pushed prices into a precipitous free fall as traders were spooked by the worldwide oversupply and a dip in demand caused by the year-long health pandemic.

MGA looks forward to Natural Gas Roadmap

KUALA LUMPUR, Dec 4 -- Malaysian government’s policies and initiatives, especially the National Energy Policy and Natural Gas Roadmap (NGR) which are currently being drafted, should be on par with those of other leading gas producing countries.