TotalEnergies to splash out $903 million on its gas footprint expansion off Malaysia

France’s energy giant TotalEnergies has set the wheels into motion to enrich its overall gas portfolio with more assets offshore Malaysia by inking a deal with Austria’s OMV to get its hands on a stake in SapuraOMV Upstream, a 50:50 joint venture between Sapura Energy and the Austrian firm, which works as a Malaysian independent […]

Indonesia to abandon 23% renewable energy target by 2025

Indonesia is planning to slash the targeted share of renewables in the national energy mix, a move seen by experts as a step back in the country’s ambition toward clean energy, while signaling its light-hearted attempt to part ways with fossil fuels.