KOTA KINABALU: State-owned Sabah Oil and Gas Development Corporation (SOGDC) Sdn Bhd has signed an agreement with a private firm to build Sabah’s first petroleum oil storage and refinery with investments over US$2.3 billion (RM9.5 billion). The agreement with Petroventure Energy Sdn Bhd will see the plant being built at the Sipitang Oil and Gas […]

NEW DELHI, Dec 13 — India imported 183,914 tonnes of edible palm oil from Malaysia in November, industry data showed on Friday. The imports from Malaysia comprised crude palm oil (CPO) (140,280 tonnes), RBD palmolein (41,600 tonnes) and crude palm kernel oil (CPKO) (2,034 tonnes), according to the Mumbai-based Solvent Extractors’ Association (SEA) of India. […]

SINGAPORE (Reuters) – Malaysia has raised its export tax for crude palm oil for January, for the first time in one-and-a-half years, the Malaysian Palm Oil Board’s website said on Friday, citing the national customs department. The world’s second-largest producer and exporter of palm oil had last imposed an export tax of 4.5% in August […]

PUTRAJAYA, Dec 13 — Malaysia remains committed to addressing the climate change in line with the Paris Agreement and Climate Change Convention as the government is seeking to increase the country’s target of renewable energy generation to 20 per cent by 2025. The commitment was stated by Energy, Science, Technology, Environment and Climate Change Deputy […]

The German government will provide an additional $2.2 million to bolster cross-border water cooperation and environmental monitoring in the Mekong River Basin. A signing ceremony for the funding was held in the Lao capital of Vientiane Friday, its beneficiary, the Mekong River Commission (MRC) said. This extra funding has brought the German contribution to the […]

Vietnam has decided to import an additional 200 MW of electricity from Laos next year amid possible power shortages. The country’s decision comes amid concerns that it may suffer energy shortages from 2020. Vietnam’s Ministry of Industry and Trade estimated that the country would experience a shortage of 3.7 billion kWh in 2021, which will […]

KUCHING (Dec 12): Sarawak will emulate Brunei in supplying hydrogen to countries that use hydrogen as fuel such as Japan and South Korea. The state government, on May 25, launched the testing and operation of its pilot integrated hydrogen production plant and refuelling station project, the first of its kind in Southeast Asia. The construction […]

Singapore based Energy Drilling has been awarded a contract by the Thailand’s oil and gas company PTT Exploration & Production International (PTTEP) to provide drilling services on the Arthit field in Gulf of Thailand. The builder and manager of self-erecting tender assist drilling rigs said in a release that this contract secures employment for the […]

Thai oil firm PTT Philippines is set to close the year 2019 with an approximately 170 gasoline stations in Philipinnes, its President and Chief Executive Officer Thitiroj Rergsumran said. “The vibrant Philippine market drives us to continue our expansion, especially in the regions,” Rergsumran said. “We are expecting to duplicate our target next year, so […]

PHILIPPINE ethanol production is expected to hit 320 million liters this year, up 8.1%, as declining sugarcane output and high prices encourage more market entrants going forward, the United States Department of Agriculture (USDA) said. “For 2020, production is again likely to increase as additional distilleries begin operations,” the USDA’s Foreign Agricultural Service said in […]