Holcim sustains use of alternative fuel
Leading cement maker Holcim Philippines Inc. plans to further increase its consumption of qualified and properly segregated and pre-processed waste as alternative fuel and raw material to manage costs and help address the solid waste problem in the country.
Energy, utility companies cut costs to survive slumping demand
State-owned energy and utility companies are taking measures to cut expenditure and diversify their businesses to survive while the COVID-19 pandemic is battering demand. With large scale social restrictions (PSBB) in place in major cities, businesses and industries have shut operations and subsequently reduced energy consumption.
For first time ever, fuel consumption falls instead of rising during Idul Fitri
Nationwide fuel consumption during this year’s Idul Fitri period was 31.2 percent below the normal level as the government had banned the traditional mudik (exodus) to contain the COVID-19 outbreak. Fuel consumption averaged 106.933 kiloliters per day in the Idul Fitri week, down from 155,377 kl per day in January and February, the months before Indonesia confirmed its first […]
Sapura Energy bags five contracts worth RM766m combined
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 […]
Kyushu Electric companies acquiring Thermochem, Inc and Indonesian subsidiary
In a release today, geothermal service provider Thermochem, Inc. announced that Kyuden International Corporation (KIC) and West Japan Engineering Consultants, Inc., (West JEC) both companies of the Kyushu Electric Power Company (Kyuden) Group, have executed a share purchase agreement for the 100% acquisition of Thermochem, Inc., and PT. Thermochem Indonesia (Thermochem).
Gas Malaysia posts RM6.9b in revenue
AN INCREASE in gas volume sold to customers and two gas tariff revisions that were implemented in January and July 2019, continue to contribute positively towards Gas Malaysia Bhd’s financial position. For the period under review, Gas Malaysia recorded revenue of RM6.89 billion compared to RM6.23 billion recorded in the preceding year.
Give us more assistance to recover, FMM requests energy providers
PETALING JAYA: The Federation of Malaysian Manufacturers (FMM) has called for more assistance from energy providers to help the industry tide over the economic downturn caused by the Covid-19 pandemic.
O&G outfit Reservoir Energy proceeds with IPO despite global challenges
KUALA LUMPUR (June 9): Oil and gas (O&G) service provider Reservoir Link Energy Bhd is proceeding with its plan to be listed on Bursa Malaysia’s ACE Market despite the current turbulence in the global economy.
SunCon partners with Engie to expand district cooling technology in Malaysia
KUALA LUMPUR: Sunway Construction Group Bhd (SunCon), via its wholly owned Sunway Construction Sdn Bhd (SCSB), has signed a memorandum of understanding with Engie South East Asia (SEA) to set up a joint venture (JV) company. The joint venture aims to boost the country’s environmental sustainability effort through the expansion of district cooling technology.
Sarawak to pursue sales tax suit against Petronas despite May deal
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 […]