Malaysia needs 9 GW of new gas power to manage rising electricity demand, minister says
KUALA LUMPUR: Malaysia will need 9 gigawatts (GW) of new gas-fired power generation capacity to address rising electricity demand as the country moves toward its plan of fully retiring its coal-fired power plants by 2044, the economy minister said on Tuesday.
Shortage of fuel oil looms large in 3Q
LONDON: A shortage of fuel oil used in ships and power plants looms in the third quarter as refiners increasingly squeezed by wars that have disrupted both crude processing and tanker traffic prioritise output of diesel and other products at its expense.
Gas Malaysia, PETRONAS Gas study pipeline link for Yan LNG terminal
PETALING JAYA: Gas Malaysia Bhd has entered into a joint study and collaboration agreement with PETRONAS Gas Bhd (PGB) for the development of an onshore lateral pipeline to connecting the proposed liquefied natural gas regasification terminal in Yan, Kedah to the Peninsular Gas Utilisation system.
Oil extends gains after US and Iran exchange attacks on ships
SINGAPORE: Oil prices rose more than $1 a barrel on Monday as tit-for-tat strikes between the U.S. and Iran on vessels sailing in the Strait of Hormuz and other areas heightened concerns of a prolonged supply disruption from the Middle East.
PETRONAS enhances myPROdata platform to accelerate upstream investment
KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS), through Malaysia Petroleum Management (MPM), has enhanced its PETRONAS myPROdata with agentic artificial intelligence (AI) capabilities to provide insight into Malaysia's exploration and production (E&P) data for investors and industry players.
Oil prices set for weekly gain as US-Iran hostilities intensify
SINGAPORE: Oil prices were little changed on Friday but kept on track for their steepest weekly gain since mid-July, as rising U.S.-Iran tensions heightened concerns over Middle East supply risks.
Govt urges OGSE firms to strengthen capabilities, become global players
KUALA LUMPUR: The government is urging local oil and gas services and equipment (OGSE) industry players to strengthen their existing capabilities in order to grow as technical solutions providers and become internationally recognised players.
Oil edges down as investors weigh uncertainty over U.S.-Iran strikes
BEIJING: Oil prices edged lower on Thursday as investors weighed the uncertainty of renewed military strikes between the U.S. and Iran that risk disrupting supplies from the Middle East.
PETRONAS 1H profit rises 4% to RM27.2bil as revenue climbs
PETALING JAYA: Petroliam Nasional Bhd (PETRONAS) has posted resilient financial results for the first half of financial year 2026 (1HFY26), underscoring its ability to safeguard energy security while navigating a volatile global energy landscape.
Australia’s DC power use seen jumping sevenfold
Australia sees data centre (DC) electricity use rising almost sevenfold over the next decade, highlighting the need for investment in generation and storage as the nation's aging coal plants are retired.
