Oil down 2% after US, Iran sign ceasefire agreement
BEIJING/SINGAPORE: Oil prices fell more than $1 per barrel on Thursday after the U.S. and Iran signed an interim agreement that would end the Iran war, reopen the Strait of Hormuz and waive U.S. sanctions on Tehran's oil, boosting the oil supply outlook.
Rising energy costs pressure tech sector
Rising electricity tariffs and higher raw material costs are expected to squeeze margins across Malaysia's technology manufacturing sector in the coming quarters, according to BIMB Research.
PETRONAS strengthens upstream portfolio through strategic partnerships
KUALA LUMPUR: Petroliam Nasional Bhd's (PETRONAS) wholly owned subsidiary, PETRONAS Carigali Sdn Bhd, has entered into several agreements involving selected producing upstream assets in Peninsular Malaysia and Sarawak.
Oil steady as investors weigh renewed US-Iran fighting
LONDON: Oil prices were steady on Wednesday, as renewed U.S.-Iran hostilities muddied direction, though a forecast U.S. stock draw offered support.
PETRONAS, JERA sign 20-year LNG supply deal from 2028
TOKYO: Petroliam Nasional Bhd (PETRONAS) and JERA Co Inc. have signed a new long-term liquefied natural gas (LNG) supply agreement, extending their partnership into the 2040s.
Gamuda expands Australian portfolio with 450MW Victoria solar-battery project
KUALA LUMPUR: Gamuda Bhd, through its subsidiary Gamuda Renewable Pty Ltd, has acquired an interest in the Hazelwood North Solar Farm and Battery Energy Storage System (BESS) project in Victoria, Australia, from Manthos Investments Pty Ltd.
Utilities sector to ride on energy transition plan
BIMB Securities Research remains positive on the utilities sector, on expectations of stronger earnings growth ahead, supported by resilient electricity demand, ongoing grid investments and the energy transition agenda.
Oil falls as investors await clarity after Iran-Israel halt attacks
SINGAPORE: Oil prices fell on Tuesday, erasing most of the previous session's gains, after Iran and Israel said they had halted attacks on each other following an appeal from U.S. President Donald Trump, though both sides warned they could resume hostilities.
Gas Malaysia in Tokyo Gas, VTTI energy partnership
KUALA LUMPUR: Gas Malaysia Bhd, a unit of MMC Corp Bhd, has taken a significant step in strengthening Malaysia's energy security with the signing of a joint development agreement with Tokyo Gas Co Ltd and VTTI BV for the proposed development of a liquefied natural gas (LNG) regasification terminal (RGT) in Yan, Kedah.
PETRONAS, Eni establish Searah JV for power security
KUALA LUMPUR: Malaysia's national oil and gas company Petroliam Nasional Bhd (PETRONAS) and Italian oil company Eni have announced the formation of Searah, a 50:50 joint venture (JV) that combines selected assets in Malaysia and Indonesia.
