Barakah unit secures five-year service contract from Petrofac
KUALA LUMPUR (Jan 16): Barakah Offshore Petroleum Bhd’s unit has won a five-year contract to service Petrofac (Malaysia-PM304) Ltd’s oil and gas fields offshore peninsular Malaysia. In an exchange filing today, the group said the contract, awarded to its wholly-owned subsidiary PBJV Group Sdn Bhd for the years 2018 to 2023, includes Pan Malaysian maintenance, […]
Perisai Petroleum Teknologi set to exit Bursa, shares plunge 83%
The axe has fallen on another listed oil and gas (O&G) company as Bursa Malaysia Securities Bhd rejected Perisai Petroleum Teknologi Bhd’s regularisation plan, opening the way for its exit from the local stock market. The 2014 oil price rout had claimed many O&G-related companies, with Perisai being the latest victim. Investors dumped Perisai’s shares […]
Govt’s renewable energy plan seen negative for IPPs
PETALING JAYA: The government’s aspiration of more renewable energy (RE) is negative to the independent power producer (IPP) players given the potentially lower capacity replacement for their expiring power purchase agreements (PPAs), Hong Leong Investment Bank Research said. “Given the limited potential of new large scale hydropower plants in Peninsular, we expect the Ministry of […]
Blended coal for Perak power plant
Tenaga Nasional Bhd (TNB) is introducing blended coal at its coal-fired power plant in Lumut, Perak, as part of a continuous effort to ensure a sustainable coal supply for electricity generation. The introduction of blended coal for the Sultan Azlan Shah Power Station, which produces 20% of Peninsular Malaysia’s energy generation, would help secure coal […]
Third national car may be LPG-powered, if Astana City has its way
KUALA LUMPUR: Astana City Group Sdn Bhd (ACG) is keen on being involved in the third national car project, and sees the vehicle being fully-powered by liquid petroleum gas (LPG), replacing petroleum altogether. Its managing director Nik Mohd Fareez Nik Ahmad Azman said the company submitted a proposal paper on the project to the International […]
TNB introduces blended coal at Lumut plant
KUALA LUMPUR (Jan 13): Tenaga Nasional Bhd (TNB) is introducing blended coal at its coal-fired power plant in Lumut, Perak, as part of a continuous effort to ensure a sustainable coal supply for electricity generation. The introduction of blended coal for the Sultan Azlan Shah Power Station, which produces 20% of Peninsular Malaysia’s energy generation, […]
Sapura Energy bags contracts worth RM760mil
PETALING JAYA: Oil and gas company has secured contracts worth RM760mil in Angola and Malaysia that boosted the combined value of project wins in current financial year ending Jan 31, 2019 to RM9.3bil. The company, in a statement on Monday, said the growing order book will see a higher utilisation of its assets. In Angola, […]
TNB to install solar and mini-hydro on Tioman Island
Malaysian utility Tenaga Nasional Berhad (TNB) via its wholly-owned subsidiary, TNB Energy Services Sdn. Bhd (TNBES), is to increase electricity supply for Tioman Island with solar and hydropower. The island, located 32 kilometres off the coast of Pahang, will have its mini-hydro station in Sungai Mentawak rehabilitated and solar panels installed on the rooftop of the […]
India cuts tax on palm oil imports; Malaysia to benefit the most
Mumbai INDIA has cut import taxes on crude and refined palm oil from South-east Asian countries after a request from suppliers, a government notification said. The reduction will lead to higher imports of palm oil by the world’s biggest edible oil buyer in coming months as it would narrow the difference between the tropical vegetable […]
Some poor folk may lose out
KUCHING: A thorough study should be undertaken by the relevant federal ministries to address the impact from the implementation of the new RM40 electricity bill rebate, set to take effect as of Jan 1 next year. Minister of Utilities Dato Sri Dr Stephen Rundi Utom said the new policy, slated for replacing the current consumption-based […]