Shell (SHEL.L) and Chevron’s (CVX.N) agreements to sell stakes in major Indonesian gas projects to Pertamina, Petronas and Eni (ENI.MI) will unleash development at the fields, enabling the country to boost its flagging output, the buyers said.
Malaysia is on the right path to become an electric vehicle (EV) powerhouse in Southeast Asia with the government aggressively promoting a conducive EV ecosystem, supported by strong business commitment shown by two world-renowned automotive companies, Geely and Tesla.
Indonesia burned more coal in 2022 than any other year, a preliminary analysis shows, putting the country on track to become one of the largest carbon emitters from fossil fuel in the world.
Tenaga Nasional Bhd’s (TNB) earnings are expected to be resilient going forward, as the ballooning under-recovery of fuel costs will eventually be recovered under the incentive-based regulatory framework, albeit with a six-month lag.
The National Energy Policy 2022-2040 launched today sends a clear signal to oil and gas, services and equipment (OGSE) companies to participate in the energy transition as the government prioritises environmental sustainability.