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Electricity demand dips, renewable energy gains momentum

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Dec 16 -- The fallout from COVID-19 has a significant impact on electricity consumption trends in Malaysia and elsewhere as movement restrictions to stop the spread of the virus have led to sudden change of socioeconomic habits such as commuting, working and playing.

OGSE100: Green shoots but not out of the woods yet - MPRC

KUALA LUMPUR, Dec 15 -- Malaysia’s oil and gas services and equipment (OGSE) industry has seen green shoots of recovery since the financial year 2019 (FY19), owing to a modest pickup in project activities and fewer impairments.

Serba Dinamik to pare down net gearing via private placements

By Siti Radziah Hamzah

KUALA LUMPUR, Dec 15  -- Serba Dinamik Holdings Bhd expects its proposed private placements will improve its net gearing to between 0.5x and 0.6x from 0.88x upon completion of the exercise in January 2021.

Stakeholders urged to step up engagement on palm oil sustainability efforts

KUALA LUMPUR, Dec 14 -- The Environmental Protection Society Malaysia has urged palm oil stakeholders to step up their engagement with environmental, cultural and social organisations when dealing with external parties pertaining to the negative perception against palm oil.

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.

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