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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.

Vortexa raises US$19 million in Series B funding

KUALA LUMPUR, Feb 2 -- Vortexa, the energy intelligence provider, has raised US$19 million in Series B funding, whereby the round was led by monashees with participation from all existing investors, including Notion Capital, Mosaic Ventures and Metaplanet Holdings. (US$1 = RM4.045)

KPower collaborates with PIBB to finance and install solar PV systems

KUALA LUMPUR, Jan 27  -- KPower Engineering Sdn Bhd (KPEng), a wholly-owned subsidiary of KPower Bhd, has entered into a memorandum of agreement (MOA) today with Public Islamic Bank Bhd (PIBB) on the financing and installation of solar photovoltaic (PV) systems for PIBB’s customers in relation to the net energy metering (NEM) scheme.

MIDA targets RM2 bln business leads at IGEM 2021

KUALA LUMPUR, Jan 26  -- The Malaysian Investment Development Authority (MIDA) is targeting RM2 billion in business leads through the 12th International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM 2021) this year, up from the RM1.6 billion recorded for IGEM 2020.

DNeX to buy additional 60 pct stake in Ping for US$78 mln

KUALA LUMPUR, Jan 22  -- Dagang NeXchange Bhd (DNeX) has entered into a conditional share sale and purchase agreement (SSPA) with the other shareholders of Ping Petroleum Ltd to acquire an additional 60 per cent of the issued share capital in Ping not owned by DNeX, for US$78 million (RM314.3 million). 

Iskandar Malaysia outlines high-impact initiatives to spur economic recovery, says PM

JOHOR BAHRU, Jan 22  -- The Iskandar Malaysia economic growth corridor has taken various efforts to outline bubble travellers, hard and soft infrastructure, and talent reskilling initiatives as part of its year-long core programmes to assist in economic recovery amid the COVID-19 pandemic.