UOB Malaysia to facilitate FDI into Sarawak
UOB Malaysia is set to facilitate more foreign direct investments into Sarawak as international companies look for opportunities in the state’s high-value sectors. In a statement, the bank said it expects more multinational corporations, especially those from the manufacturing, trade, technology, food and agriculture industries, to invest in Sarawak’s renewable energy, digital technology, ecotourism and […]
UOB reiterates to support transition to cleaner energy
KUALA LUMPUR: United Overseas Bank (Malaysia) Bhd (UOB Malaysia) has reiterated its commitment to help the country’s transition to cleaner energy by supporting power plants with lower environmental impact and financing natural gas and solar projects in the country. In a statement Thursday, UOB Malaysia said the bank was a co-financier in a Commodity […]
UPDATE 1-Malaysia’s Petronas sets up $350 mln venture capital fund
KUALA LUMPUR, Oct 4 (Reuters) – Malaysia’s state energy firm Petronas said on Friday it had set up a $350 million venture capital arm for industrial and energy investments. The newly launched Petronas Corporate Venture Capital will look to invest in startups in advanced materials, specialty chemicals as well as those involved in the future […]
UPDATE 1-Petronas supplies first LNG cargo to marine-fuel vessel ahead of IMO 2020
SINGAPORE, Nov 1 (Reuters) – Malaysia’s state energy firm Petroliam Nasional Bhd on Thursday supplied its first liquefied natural gas (LNG) cargo to a newly built LNG marine fuel supply vessel ahead of a new mandate for ships to switch to cleaner fuels in 2020. Petronas LNG, loaded the cargo onto the world’s largest LNG […]
UPDATE 1-Petronas’s Kebabangan gas field to return to full capacity by August
KUALA LUMPUR, Nov 23 (Reuters) – Malaysia’s Petronas said on Friday production at the Kebabangan gas field in the eastern state of Sabah was expected to return to full capacity by August 2019 following disruption caused by a gas leak at an associated pipeline. The problem was caused by a leak from the Sabah Sarawak […]
UPDATE 2-Malaysia’s Petronas delivers Myanmar’s first LNG import cargoes
Malaysia’s Petronas has delivered the first liquefied natural gas (LNG) import cargoes to Myanmar, the company said on Thursday, signalling the emergence of a new consumer for the super-chilled fuel. The province’s current power demand is about 100 MW adding that most power supplied in the province is imported from Thailand.
Use oil price windfall to support local firms, Petronas urged
An economist has called on Petronas to provide support to Malaysian oil and gas companies, saying global oil prices allow the company to be more liberal with its spending. Two trade groups are reported to have recently complained that the national oil company is raking in billions at the expense of oil and gas companies’ […]
Valmet to automate Malaysia’s second-largest thermal power plant
In Malaysia, Kapar Energy Ventures, a subsidiary of Tenaga Nasional Berhad and Malakoff Corporation Berhad, has selected technology firm Valmet to automate its 2,200MW thermal power plant.
Vanadium flow batteries considered for integration into green hydrogen project in Malaysia
Vanadium redox flow batteries (VRFB) could be integrated into a green hydrogen production technology through a collaboration between Australian resources company TNG and Malaysian renewable energy consultancy AGV Energy.
VibroPower to acquire power plant in Malaysia in the renewable energy space
VibroPower Corporation’s associated company, VibroPower Green Energy, has proposed to make an acquisition of a power plant in Malaysia in the renewable energy space.