KUALA LUMPUR (Dec 3): Reach Energy Bhd announced today that initial testing of the exploration well at North Kariman-3 (NK-3) in its Emir Oil concession block onshore Kazakhstan has yielded positive results. “The NK-3 well has been safely and successfully executed as budgeted,” it said, noting that the well penetrated the target Mid-Triassic carbonate reservoirs, […]

Malay government is in talks with ASEAN countries China, Japan and South Korea for the brighter future of green jobs in South-east Asia Malaysia puts its focus on promoting green industries and jobs in the ASEAN countries. The south-east Asian country hopes to promote the identification of the potentials and prospects for green industries and jobs […]

With the ICPT mechanism, govt can manage fuel price fluctuations should situations where fuel prices go sky-high or rock bottom occur Over the past three months, some Malaysians may have been cautiously smiling on the quiet when crude oil prices surged past the US$80 (RM336) a barrel mark. Their elation could have stemmed from their […]

A new central North Sea sidetrack well has come up trumps for Malaysian firm Hibiscus Petroleum and its partner. Hibiscus said the sidetrack on the Guillemot A field was completed in September and was making a “positive contribution”. It is capable of flowing at 3,697 barrels of oil per day and could yield 1.5 million […]

KUALA LUMPUR: Malaysia hopes to promote the identification of potentials and prospects for green industries and jobs in Asean member states besides developing corresponding policies. Prime Minister Tun Dr Mahathir Mohamad said this while referring to the Malaysia’s role as the chair of the association’s labour sector from 2018 to 2020. “Going further, we look […]

The turnaround in global oil prices to multiyear highs helped Petroliam Nasional Bhd (Petronas) to register a 43.98% jump in net profit to RM14.34 billion for the July through September period. In the third quarter (3Q), global oil prices were traded around US$70 (RM293.22) a barrel, compared to US$50 a barrel a year before, lifting […]

KUALA LUMPUR: The Malaysian Investment Development Authority (MIDA) has recorded 111 potential business projects worth RM4.1 billion from its recent participation in the ninth International Greentech & Eco Products Exhibition and Conference Malaysia (IGEM 2018). Chief Executive Officer Datuk Azman Mahmud said of the total, RM3.7 billion was in the services sector while the rest […]

KUALA LUMPUR, Nov 27 — The government is optimistic of achieving its target of 20 per cent electricity generation from renewable energy (RE) sources, equivalent to 3,991 megawatt (MW), over the next seven years via various initiatives, programmes and policies. To realise this target, Minister of Energy, Science, Technology, Environment and Climate Change Yeo Bee […]

KUALA LUMPUR (Reuters) – Malaysian state-owned oil and gas firm Petroliam Nasional Berhad, or Petronas, has set up a new business within the group to make a push into renewable energy, the head of the new venture said on Tuesday. Petronas has expressed interest over the last year to diversify into renewables amid low oil […]

KUALA LUMPUR, Nov 26 (Reuters) – Malaysia on Monday said it will start to phase in a higher biodiesel mandate from next month, with the new rule coming into full force from February in an effort to bolster the palm oil industry. The so-called B10 biodiesel programme, which will raise the minimum bio-content that local […]