Global Power Synergy Plc (GPSC), a power generation arm of Thailand’s national oil and gas conglomerate PTT Group, has paid 14.82 billion baht to acquire a 41.6% stake in Avaada Energy Private Co (Avaada), one of the leading renewable energy companies in India.

PTT Exploration & Production (PTTEP) is gearing up to develop Thailand’s first carbon capture and storage (CCS) project at the Arthit offshore gas field as the state-backed upstream player eyes its net zero greenhouse gas (GHG) emissions target.

The LNG producing unit of QatarEnergy, Qatargas, has supplied the first LNG cargo to Thailand’s Map Ta Phut LMPT2 LNG terminal.

Ratch Group, Thailand’s largest private power producer by capacity, plans additional mergers and acquisitions (M&A) for power generation assets in a bid to achieve capacity expansion to 10,000 megawatts by 2025.

Reservoir Link Energy Bhd has secured letters of award (LoAs) to develop two solar rooftops. In a bourse filing on Tuesday (June 7), the company said it had received an LoA from Osram Opto Semiconductors (Malaysia) Sdn Bhd to develop solar rooftops in Kulim.

China-based Risen Energy is expanding its global footprint with plans to construct a $10 billion production facility in Malaysia.

KUALA LUMPUR (June 3): Sapura Energy Bhd has secured five new contracts for its engineering and construction (E&C) division worth a total of RM766 million combined. The first contract was secured by its subsidiary Sapura Offshore Sdn Bhd for the PRP7 Pipeline Replacement Project by Brunei Shell Petroleum Co Sdn Bhd in Brunei, which is expected […]

KUALA LUMPUR (April 27): Sapura Energy Bhd said today its wholly-owned subsidiaries in engineering and construction (E&C) have been awarded six contracts with a combined value of approximately RM1 billion.

KUALA LUMPUR • Malaysia’s energy-rich Sarawak state will pursue legal proceedings against national oil company Petronas over the non-payment of sales tax, backtracking on a settlement agreement reached last month, national news agency Bernama reported. Petronas and Sarawak had reached the settlement deal, with the energy company agreeing to pay RM2 billion (S$653 million) in back […]

Sembcorp Industries has launched the Sembcorp Sustainable Financing Framework, which lays out Sembcorp’s strategic approach, key performance indicators (KPIs) and sustainability performance targets (SPTs) for its sustainability-linked transactions.