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Sapura Energy to cut 20 pct off its full-time employees worldwide

KUALA LUMPUR, June 25 -- Sapura Energy will be reducing about 20 per cent of its 4,000 full-time employees worldwide, of which 63 per cent are on contract while the remaining are permanent employees.

Embrace palm oil sustainability via blockchain technology -- Sumwin Group

KUALA LUMPUR, June 25 -- With minimal effort and capitalising on low-cost blockchain technology, stakeholders in the palm oil industry can provide real time digital traceability, Sumwin Group founder and chief executive officer U.R. Unnithan said.

Serba Dinamik opens Sarawak's first virtual theme park with reduced capacity

KOTA SAMARAHAN, June 24 -- The RM13-million D-Virtual Park, the first virtual theme park in Borneo, located at Jalan Meranek here, is now open to the public but with reduced capacity.

GECF: Gas demand could reach 2019 levels only in 2022

BAKU, June 23 -- Gas demand could reach 2019 levels only in 2022, said Yury Sentyurin, Secretary General of the Gas Exporting Countries Forum (GECF), Azerbaijan’s Trend News Agency (Trend) reported Tuesday.

Malaysia to improve trade relations with India pertaining to palm oil

KUALA LUMPUR, June 22 -- Malaysia is working on creating better trade relations with India, its top palm oil buyer last year, and addressing some of the issues that have negated the country's palm oil share in the global market, Malaysian Palm Oil Council (MPOC) chief executive officer Datuk Dr Kalyana Sundram said.

Govt implements the best approach in managing energy sector - Shamsul Anuar

KUALA LUMPUR, June 20  -- The approach implemented by the government in managing the energy sector is the best so far, especially in the aspects of monitoring, said Minister of Energy and Natural Resources Datuk Dr Shamsul Anuar Nasarah.

Malaysia among countries that hold special importance for the leadership of Kazakhstan

By V.Sankara

KUALA LUMPUR, June 16  --  President of Kazakhstan, Kassym-Jomart Tokayev, has followed a friendly and diplomatic policy of “keeping and strengthening bilateral relations with all neighbouring countries worldwide”, and Malaysia was among these countries that hold special importance for the leadership of Kazakhstan.

Petra Energy accepts LOA from Petronas for Banang Field production

KUALA LUMPUR, June 16 -- Petra Energy Bhd’s (PEB) wholly-owned subsidiary Petra Energy Development Sdn Bhd (PEDSB) had accepted a Letter of Award from Petroliam Nasional Bhd (Petronas) on June 4, 2020 for the continuation of Banang Field production.

Barakah Offshore rises in early trading

KUALA LUMPUR, June 16 -- Barakah Offshore Petroleum Bhd surged in early trade today as the oil and gas outfit swung to a net profit for the third quarter ended March 31, 2020 (3Q20).

Petronas sells Teluk Ramunia yard to Serba Dinamik for RM320 mln

KUALA LUMPUR, June 12 -- Serba Dinamik Holdings Bhd has purchased Petroliam Nasional Bhd’s (Petronas) fabrication yard in Teluk Ramunia, Johor, for RM320 million.