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PetDag net profit lower at RM239 mln in Q3 2019

KUALA LUMPUR, Nov 22 -- Petronas Dagangan Bhd (PetDag) recorded a lower net profit of RM239.0 million for the third quarter ended Sept 30, 2019 (Q3 2019) from RM270.27 million in the same period last year.

Petronas ramps up efforts to strengthen footprint in India

KUALA LUMPUR, Nov 22  -- Petroliam Nasional Bhd (Petronas) is accelerating efforts to strengthen its business footprint in India by providing more innovative, tailor-made solutions that add value to the country’s energy aspirations.

Homegrown Malaysian company gains momentum in global offshore industry

LABUAN , Nov 22  -- Malaysia-owned Thunder Cranes Group has secured a major multi-million dollar contract with Chevron Corporation to provide lifting services for their plug and abandonment work involving some 3000 wells in the Gulf of Thailand.

PIPOC 2019 fuels hope for a fruitful 2020 for palm oil industry

By Nurul Hanis Izmir

KUALA LUMPUR, Nov 22 -- The palm oil industry is set to see a fruitful 2020 as various efforts undertaken by the government, its agencies and stakeholders which are centered on sustainability begin to show results.

PETRONAS ramps up efforts to strengthen footprint in India

KUALA LUMPUR, Nov 21 -- Malaysia’s national oil company PETRONAS is accelerating efforts to strengthen its business footprint in India by providing more innovative, tailor-made solutions that add value to the country’s energy aspirations.

Hibiscus Petroleum to undertake fundraising, reports sharp drop in Q1 earnings

KUALA LUMPUR, Nov 21 -- Hibiscus Petroleum Bhd is expected to undertake fundraising activities over the next six months as it gears up to acquire more producing assets, especially in Southeast Asia.

Petra Energy returns to black with net profit of RM25.04 mln in Q3

KUALA LUMPUR, Nov 21-- Petra Energy Bhd returned to profitability with a net profit of RM25.04 million in the third quarter (Q3) ended Sept 30, 2019 against a net loss of RM26.97 million in the same period last year.

Sarawak sues Petronas over state sales tax

KUCHING, Nov 21 -- A writ of summons and statement of claim were filed today by the Sarawak Comptroller of the State Sales Tax and the state government against Petronas at the High Court registry here.

Teo Seng to invest RM13 million for solar PV system

KUALA LUMPUR, Nov 21 -- Egg producer Teo Seng Capital Bhd has set aside a capital expenditure of RM13 million for the installation of a solar photovoltaic (PV) system across its chicken farms and factories in Johor.

MPI in talks with MoF to set up biodiesel stabilisation fund

KUALA LUMPUR, Nov 21 -- The Ministry of Primary Industries is currently in talks with the Ministry of Finance (MoF) to set up a biodiesel stabilisation fund and has proposed that three per cent of the windfall tax imposed on palm oil exporters be refunded and channelled back to the fund.