TNB and IOI team up for mega-solar project
Tenaga Nasional Bhd (TNB) plans to inject up to RM424.4mil into a joint venture (JV) with IOI Corp Bhd and a consortium of small and medium enterprises (SMEs) to develop a 500-megawatt (MW) solar power project with a battery energy storage system (Bess) in Bahau, Negri Sembilan.
TNB boosts grid modernisation
Tenaga Nasional Bhd (TNB) is stepping up investments in grid infrastructure and accelerating network modernisation to strengthen Malaysia's electricity supply system, enhance renewable energy integration and meet future demand.
Oil rises as peace prospects dim after US hits Iran's Qeshm Island
OIL prices rose more than $1 on Tuesday, as an Iranian official said a deal to the end the war was far off, while the United States struck Iran's Qeshm Island, fuelling concerns over the escalation of hostilities and risks to energy supplies.
Aramco's Q3 profit rises by a third despite attacks
SAUDI state oil company Aramco reported on Tuesday a 34.5% increase in third-quarter net profit despite attacks on its facilities, mainly due to higher revenue and its exit from a joint venture.
PETRONAS, partners ink deals for Sarawak gas fields
PETALING JAYA: Petroliam Nasional Bhd (PETRONAS), through its wholly owned subsidiary PETRONAS Carigali Sdn Bhd, has entered into a series of farm-out agreements (FOAs) with TotalEnergies, Kuwait Foreign Petroleum Exploration Company (KUFPEC) and PTTEP for the integrated development of the SK410B Lang Lebah and B14 gas fields offshore Sarawak.
Oil prices ease 3% on optimism for Qatari-led talks on ending Iran war
SINGAPORE: Oil prices slipped more than 3% on Monday after Iranian and Qatari officials held a third straight day of talks aimed at pushing for a deal to end the US-Israeli war on Iran.
PETRONAS, partners sign agreements for integrated development of Sarawak gas fields
KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS), through its wholly owned subsidiary PETRONAS Carigali Sdn Bhd, has entered into a series of farm-out agreements (FOAs) with TotalEnergies, Kuwait Foreign Petroleum Exploration Company (KUFPEC) and PTTEP for the integrated development of the SK410B Lang Lebah and B14 gas fields offshore Sarawak.
Big oil grapples with how to spend its windfall profits
NEW YORK: Awash in cash after their third-highest quarterly earnings on record, the world's largest oil companies are uncharacteristically wary about how to spend it.
Oil set for fourth monthly gain as Hormuz tanker attack highlights supply risks from war
SINGAPORE: Oil prices rose on Friday - set for a fourth monthly gain - as an attack on a tanker in the Strait of Hormuz highlighted the continuing supply risks from the US-Israeli war on Iran, which has entered its eighth month.
UAE to ship 30 million crude oil barrels to Indonesia
The United Arab Emirates (UAE) is going to ship 30 million barrels of crude to Indonesia as the government scrambles to secure supplies amid spiking demands for subsidised fuels.
