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Bakun HEP plays major role in flood mitigation

KUCHING, Sept 7 -- The Bakun Hydroelectric Plant (Bakun HEP) plays a major role in mitigating the severity of flooding downstream of Rejang River by balancing both upstream reservoir and downstream water levels, especially during periods of heavy rainfall. 

Govt to ensure Petronas able to return to profitability - Zafrul

KUALA TERENGGANU, Sept 6 -- The government is committed to ensuring that Petroliam Nasional Bhd (Petronas) is able to return to profitability, but it depends on world oil prices.

Sarawak to hold O&G exploration activities in Lawas - Abang Johari

KUCHING, Sept 5 -- The Sarawak government, through state-owned Petroleum Sarawak (Petros), is looking to conduct oil and gas exploration activities in Lawas, its northernmost district, said Chief Minister Datuk Patinggi Abang Johari Tun Openg today.

Ball in oil majors' court to turn business around 

KUALA LUMPUR, Sept 5 -- The year 2020 has already spelled a dark omen for most industries globally including oil and gas brought about by the unprecedented COVID-19 health crisis.

Petronas records low first half year performance, strengthens resilience

KUALA LUMPUR, Sept 4 -- Petroliam Nasional Bhd (Petronas) recorded a lower financial performance for the first half of 2020, reflecting the uncertainties faced by the oil and gas industry due to COVID-19 pandemic, but the group aims to strengthen its resilience by deploying a three-pronged growth strategy. 

Rebrand: Mitsubishi Power renews commitment to transform global energy systems

KUALA LUMPUR, Sept 4 -- Mitsubishi Power, a major subsidiary of the Mitsubishi Heavy Industries (MHI) Group, officially changed its corporate name from Mitsubishi Hitachi Power Systems.

Oil producers to proceed with planned production cuts this year, says AmInvestment Bank

KUALA LUMPUR, Sept 4  -- AmInvestment Bank expects oil producers to proceed with their planned production cuts for this year as demand globally remains depressed amid the prolonged COVID-19 movement restrictions and physical distancing that has become the new normal.

T7 Global unit inks deal with Mitsui to supply ships to Vietnam's Navy

KUALA LUMPUR, Sept 1  -- T7 Global Bhd's wholly-owned unit, T7 Marine Sdn Bhd has inked a deal with Mitsui E&S Shipbuilding Co Ltd to explore new business opportunities to supply ships to Vietnam's navy and coast guard.

NuScale small modular reactor first to receive US NRC design approval

KUALA LUMPUR, Sept 1 -- NuScale Power has announced that the US Nuclear Regulatory Commission (NRC) completed Phase 6 review -- the last and final phase -- of the Design Certification Application (DCA) for its groundbreaking small modular reactor (SMR) with issuance of the Final Safety Evaluation Report (FSER).

Shocks in oil and gas industry weigh on financial performance

By SITI RADZIAH HAMZAH

KUALA LUMPUR, Aug 31  -- The oil and gas industry is experiencing its third price collapse in 12 years but after the first two shocks, the industry rebounded and business continued as usu