Bumi Armada bags RM8.8 billion nine-year FPSO contract
KUALA LUMPUR (May 6): Bumi Armada Bhd said its joint venture (JV) company Shapoorji Pallonji Bumi Armada Godavari Pte Ltd (SPBAG) has been awarded a nine-year charter contract worth US$2.1 billion (RM8.8 billion). In an exchange filing today, Bumi Armada said the contract was awarded by India’s State-owned oil company, Oil and Natural Gas Corp […]
Bumi Armada falls to record low as oil outlook stays bearish
KUALA LUMPUR (Nov 30): Bumi Armada Bhd’s share price fell as much as three sen or 16% to 16 sen so far today amid broader market losses and after analysts said crude oil markets remained bearish. At 12:30pm, oil and gas (O&G) support services provider Bumi Armada shares settled at 16.5 sen with some 154 […]
Bursa energy gauge retreats after US crude oil slips below US$40/barrel
KUALA LUMPUR (Sept 7): Bursa Malaysia’s energy index settled down more than 1% at afternoon break today after US crude oil prices slipped below US$40 a barrel on Friday before extending losses today as investors weighed factors including the impact of the Covid-19 pandemic on demand for the commodity and Saudi Arabia’s price cuts for […]
Bursa takes another step to help companies offset carbon emission
Bursa Malaysia will launch a voluntary carbon market (VCM) by year end, with the aim of increasing transparency and enabling companies to buy carbon credits to offset their emissions.
Call for joint effort to prioritise water, energy, environmental preservation
The government is looking to provide safe access to clean water and adequate sanitation systems to 98 per cent of Malaysians living in rural areas with the help of other stakeholders and the establishment of an Integrated Centre for Water Data, Research and Development.
Cambodia seeks Malaysia’s support in electricity export project
Prime Minister Hun Sen yesterday urged Malaysian Prime Minister Datuk Seri Anwar Ibrahim for provision of support in the implementation of a privately-invested project for exporting renewable energy from Cambodia to Singapore as the former would need to install electrical cables under Malaysia’s seabed before they are directly connected to the latter.
Can Palm Oil Demand Be Met Without Ruining Rainforests?
Palm oil is one of the world’s most widely used and controversial commodities. Cheap, efficient and extraordinarily versatile, it’s found in thousands of everyday products, from cookies to shampoo to fuel. Yet surging cultivation of oil palm trees is linked to burning of tropical rainforests and the destruction of wildlife habitats in Southeast Asia. Environmental […]
Capstone Green Energy to Provide Low Emission Microturbine System to Major Global Oil & Gas Company in Malaysia
LOS ANGELES, Calif.–(BUSINESS WIRE)–Capstone Green Energy Corporation‘s (NASDAQ: CGRN) distributor in Malaysia and Brunei, Sekito, has secured an order for a 200 kW microturbine-based system for an oil and gas application owned by a major global oil and gas company.
Cenergi RE to build 9 BTE plants with RM100m loan facility, says CEO
CENERGI RE Sdn Bhd plans to build nine biogas-to-energy (BTE) plants after obtaining a Green Club Facility of RM100m, equally provided by MIDF Amanah Investment Bank Bhd and China Construction Bank Malaysia Bhd (CCB). The Khazanah Nasional Bhd subsidiary which is focused on the renewable energy (RE) space, currently owns and operates six biogas plants […]
Cenergi SEA eyes government lighting retrofit project
KUALA LUMPUR: The plan to retrofit 50 government buildings with energy-efficient lighting and appliances by this year is an exciting prospect for Cenergi SEA Sdn Bhd, the renewable energy company wholly owned by Khazanah Nasional Bhd. “We are waiting for this project to be launched. We are hoping to participate in the tender process,” its […]