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KNM, ADAP inks JV for oil, gas & petrochemical projects in Sarawak

KUALA LUMPUR, July 7 -- KNM Group Bhd's (KNM) wholly-owned subsidiary, KNM Process Systems Sdn Bhd, has signed a joint-venture (JV) agreement with ADAP Capital Sdn Bhd to form a company in respect of oil, gas and petrochemical project in Sarawak.

Advancecon inks solar energy MoU with Peritone

KUALA LUMPUR, July 7 -- Advancecon Holdings Bhd's wholly-owned unit, Advancecon Solar Sdn Bhd, has inked a Memorandum of Understanding (MoU) with pharmaceutical manufacturing plant Peritone Health Sdn Bhd (Peritone) to develop a rooftop solar photovoltaic system at the latter's premises in Kulim Hi-Tech Park, Kedah.

Indonesia keen on reducing greenhouse gas emissions

JAKARTA, July 7 -- Indonesian President Joko Widodo has reminded his aides of the country’s target to reduce greenhouse gas emissions by 26 per cent this year, Vietnam News Agency (VNA) reported.

PETRONAS invests in renewable energy startup

KUALA LUMPUR, July 6 -- PETRONAS through its corporate venture capital arm PETRONAS Ventures has inked an agreement with energy startup SOLS Energy Sdn Bhd to invest in the solar photovoltaic (PV) system start-up that provides sustainable energy for residential and small-to-medium enterprise (SME) sectors in Malaysia.

Oil prices outlook still uncertain as demand slows down - Sapura Energy

KUALA LUMPUR, July 3 -- The outlook for oil prices outlook will continue to be uncertain, largely driven by the double jeopardy of a slowdown in demand and unabated supply from producers, said Sapura Energy Bhd.

Petrochemical hub to be developed on 432 ha in Bintulu

BINTULU, July 2  -- The Sarawak government has identified about 1,068 acres (432.2 ha) in Tanjung Kidurong here for the development of a petrochemical hub.

WZ Satu's unit bags Petronas Carigali contract worth RM120 mln

KUALA LUMPUR, July 1 -- WZ Satu Bhd’s wholly-owned subsidiary, WZS Misi Setia Sdn Bhd and its consortium partner, UMD Energy Sdn Bhd has secured a contract from PETRONAS Carigali Sdn Bhd worth RM120 million. 

Serba Dinamik group bags 3 overseas contracts worth RM543.5 mln

KUALA LUMPUR, June 30 -- Serba Dinamik Holdings Bhd’s (SDHB) overseas subsidiaries have secured a total of three contracts in Indonesia and Zambia with a combined estimated contract value of about US$126.8 million (about RM543.5 million).

Petronas urged to give Sarawak contractors priority when awarding contracts

KUCHING, June 27 -- The Sarawak Petroleum Contractors Association has urged that Petroliam Nasional Berhad (Petronas) give the state’s contractors priority, in awarding contracts related to oil and gas exploration in Sarawak waters.

HSBC Malaysia partners Serba Dinamik in its global expansion

KUALA LUMPUR, June 27 – HSBC Malaysia said its in-depth understanding of market dynamics has played a part in propelling Serba Dinamik Holdings Bhd in delivering its key landmark transactions throughout the two company’s 15-year relationship.