Advancecon turns to RE for new earnings stream
ADVANCECON Holdings Bhd plans to make headway into renewable energy (RE), as the sector holds high growth potential for the group.
Petronas in talks to settle sales tax dispute with energy rich Malaysian state
[KUALA LUMPUR] Malaysian national oil company Petronas is in talks to finalise a deal with an energy rich province to settle a dispute over the payment of sales tax, a lawyer for the company said on Tuesday.
Indonesia to build pipeline from Rokan block to Dumai refinery
[JAKARTA] Indonesia’s state gas utility, Perusahan Gas Negara (PGN), said on Friday it will begin construction on a 367km crude oil pipeline on the island of Sumatra in July connecting to the Dumai refinery. The US$300 million pipeline will connect the Rokan oil block on the island to Pertamina’s Dumai refinery, and will be built through […]
Vsolar teams up with Mattan Engineering to explore development of large-scale solar facility
KUALA LUMPUR (June 16): Vsolar Group Bhd is looking into developing a large-scale solar facility under the Energy Commission’s LSS@MenTARI programme. In a statement today, the group said it plans to bid for a quota under the programme, with the support of Mattan Engineering Sdn Bhd as the engineering, procurement, construction and commissioning (EPCC) partner to develop the […]
Sarawak to pursue sales tax suit against Petronas despite May deal
KUALA LUMPUR • Malaysia’s energy-rich Sarawak state will pursue legal proceedings against national oil company Petronas over the non-payment of sales tax, backtracking on a settlement agreement reached last month, national news agency Bernama reported. Petronas and Sarawak had reached the settlement deal, with the energy company agreeing to pay RM2 billion (S$653 million) in back […]
SunCon partners with Engie to expand district cooling technology in Malaysia
KUALA LUMPUR: Sunway Construction Group Bhd (SunCon), via its wholly owned Sunway Construction Sdn Bhd (SCSB), has signed a memorandum of understanding with Engie South East Asia (SEA) to set up a joint venture (JV) company. The joint venture aims to boost the country’s environmental sustainability effort through the expansion of district cooling technology.
O&G outfit Reservoir Energy proceeds with IPO despite global challenges
KUALA LUMPUR (June 9): Oil and gas (O&G) service provider Reservoir Link Energy Bhd is proceeding with its plan to be listed on Bursa Malaysia’s ACE Market despite the current turbulence in the global economy.
Sapura Energy bags five contracts worth RM766m combined
KUALA LUMPUR (June 3): Sapura Energy Bhd has secured five new contracts for its engineering and construction (E&C) division worth a total of RM766 million combined. The first contract was secured by its subsidiary Sapura Offshore Sdn Bhd for the PRP7 Pipeline Replacement Project by Brunei Shell Petroleum Co Sdn Bhd in Brunei, which is expected […]
