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An important step ahead in the Italy-ASEAN cooperation

KUALA LUMPUR, Dec. 17  -- Last September, the 53rd ASEAN Foreign Ministers’ Meeting officially granted Italy the status of ASEAN development partner.

Petronas puts in place plans to rebound post-COVID-19

KUALA LUMPUR, Dec 16  -- Petroliam Nasional Bhd (Petronas) has put in place plans to rebound and recover post-COVID-19 as the company is reeling from the impact of the pandemic to the oil and gas industry. 

GCAP's unit secures FIT approval for 10MW hydropower project

KUALA LUMPUR, Dec 16 -- G Capital Bhd’s 90 per cent-owned subsidiary, Gunung Hydropower Sdn Bhd (GHSB), has successfully secured approval for a 10 megawatt (MW) small hydropower project in Sungai Perak, Perak.

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.