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Government pragmatic in not setting higher targets for renewable energy

By Mikhail Raj Abdullah

KUALA LUMPUR, April 8 -- Malaysia should not be pressured into setting higher targets under its renewable energy (RE) policy.

Moody’s expects O&G firms to raise Capex in 2021

KUALA LUMPUR, April 8 -- Oil and gas (O&G) companies are expected to increase their capital expenditure (capex) programme in 2021, if crude oil prices stay between US$60 and US$70 per barrel (US$1= RM4.13), according to Moody's Investors Service.

Velesto wins RM73 mln job for provision of jack-up drilling rig services

KUALA LUMPUR, April 7 -- Velesto Energy Bhd's wholly-owned subsidiary, Velesto Drilling Sdn Bhd has won a contract for the provision of jack-up drilling rig services for Sarawak Shell Bhd/ Sabah Shell Petroleum Company Ltd.

Serba Dinamik partners with UTM in membrane technology development

KUALA LUMPUR, April 6 -- Serba Dinamik Group Bhd today announced a collaboration with Membrane Technology (M) Sdn Bhd (MTMSB), a spin-off company of Universiti Teknologi Malaysia (UTM), in the development of advanced membrane technology for water and wastewater treatment and haemodialysis.

KAB secures contracts worth RM17.9 mln

KUALA LUMPUR, April 6 -- Kejuruteraan Asastera Bhd (KAB), an electrical and mechanical engineering services provider, has received two letters of appointment (LOAs) from China Construction Yangtze River (Malaysia) Sdn Bhd (CCYRM) with a total contract value of RM17.9 million.

Greatech's unit receives first Li-ion battery purchase order from EV customer in US

KUALA LUMPUR, April 5 -- Greatech Technology Bhd’s unit Greatech Integration (USA) Inc has secured its first purchase order in the United States from a new electric vehicle (EV) customer to produce lithium-ion (Li-ion) batteries.

KPT calls for participation in hybrid, electric vehicles professional course

KEPALA BATAS, April 5 -- The Higher Education Ministry (KPT) encourages more automotive industry players to undergo the Hybrid and Electric Vehicles Professional Certification (Level Four) at Kolej Komuniti Kepala Batas, which is the only level four of such course offered outside the United Kingdom and Ireland.

Malaysia, Brunei formalise unitisation agreement for two offshore fields 

KUALA LUMPUR, April 5 -- Malaysia, through its national oil company, Petroliam Nasional Bhd (Petronas), today formalised a Unitisation Agreement (UA) with Brunei for the Gumusut-Kakap and Geronggong-Jagus East fields which straddle along the Malaysian-Brunei maritime boundary.  

Oil and gas to remain a significant portion of energy mix, says Petronas

KUALA LUMPUR, April 5 -- Oil and gas will continue to make up a significant portion of the energy mix, although at a declining trend of 47 per cent by 2040 from about 54 per cent in 2018 due to the growth of renewable energy. 

RM500 mln allocated for floating solar farm in Kelantan

PASIR MAS, April 2 --  A total of RM500 million has been allocated for the investment cost of the floating solar energy project in Tasik Danau Tok Uban here.