Petronas Eyes Indonesia’s Abadi Gas Project
Malaysia’s national oil company Petronas says it is interested in investing in the stalled Abadi gas project offshore Indonesia as part of its expansion plans
Malaysia’s Petronas posts higher Q4 profit, sees lower oil prices in 2023
“As demand recovery is still fragile, based on supply challenges, this means volatility,” he said at a news conference. Petronas also said the group will continue to exercise prudent financial management and firm discipline in reinvesting.
Renewables are the solution to Malaysia’s sustainable future and renewed climate ambition
A new report has confirmed Malaysia’s ability to meet its net zero goal with in-creased use of local and affordable renewables. According to the report’s findings, transitioning to renewable energy will save Malaysia between US$9 – US$13 billion annually by 2050 in avoided energy, climate, and health costs.
Malaysia needs to invest $375 bln in renewables to reach 2050 climate goals – report
KUALA LUMPUR, March 9 (Reuters) – Malaysia will need to double its investments in renewable energy transition to at least $375 billion in order to achieve its ambitious goal of carbon neutrality by 2050, the International Renewable Energy Agency (IRENA) said on Thursday.
Sarawak to focus on renewable energy
KUCHING: Sarawak is prioritising the development of renewable energy sources such as solar, wind and hydroelectric power to achieve a net-zero emissions future for the state, says its deputy premier Awang Tengah Ali Hasan.
Decarbonisation of Malaysia’s power sector cheaper than ‘business as usual’: industry watchers
Malaysia could save as much as US$250 billion on its cumulative energy system if it aligned its decarbonisation efforts with a 1.5 degrees Celsius scenario, making for a “compelling cost argument”, according to International Renewable Energy Agency (IRENA).
Gentari, EVC launches Southeast Asia’s first 350kW EV super charger in Malaysia
MALAYSIA is the first country in Southeast Asia to have an operational 350kW public charger for electric vehicles (EV). Clean energy solutions provider Gentari Sdn Bhd (Gentari), a subsidiary of Petronas, in partnership with EV Connection Sdn Bhd (EVC) officially launched its EV charging hub which consists of one 350kW super charger, two DC fast […]
Malaysia’s Petronas registers higher profit in Q3 on higher oil prices
KUALA LUMPUR, Nov. 30 (Xinhua) — Malaysia’s state-owned energy firm Petroliam Nasional Bhd (Petronas) announced Wednesday the firm posted higher profit in the third quarter that ended Sept. 30 due to favorable price impact for major products and the favorable impact of the exchange rate.
Shell Malaysia unveils carbon-neutral engine oils – Helix Power 5W-40 oil launched, RM280 for 4L pack
Shell Malaysia has launched its range of carbon-neutral fully synthetic engine oils today, which is comprised of the Shell Helix Power and Protect range of engine lubricants for petrol and diesel-powered passenger vehicles.
Sabah collects RM1.79bil in sales tax from petroleum products
KOTA KINABALU: Sabah collected RM1.79 billion in sales tax from petroleum products, the state assembly heard today. Second finance minister Masidi Manjun said the revenue exceeded the state government’s target of RM1.1 billion.