Trump’s govt to pay US$765mil to scrap four wind leases
The Trump administration says it will pay US$765mil to power project developer Invenergy to terminate four wind leases off the coasts of New York, California and Maine.
Jakarta faces 20 million tonnes of coal shortfall
State electricity firm PT Perusahaan Listrik Negara (PLN) is short of 20 million tonnes of coal to meet its annual operational needs, even as the government has ordered producers to supply 190 million tonnes to shore up stocks, Energy and Mineral Resources Minister Bahlil Lahadalia says.
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.
Carbon tax delayed due to Middle East uncertainties, says Arthur
KUALA LUMPUR: A carbon tax has been delayed from being rolled out this year pending review against the current geopolitical and economic uncertainties, says Natural Resources and Environmental Sustainability Minister Datuk Arthur Joseph Kurup.
Malaysia, Russia to explore strategic cooperation in energy and trade, says PMO
KUALA LUMPUR: Malaysia and the Russian Federation are exploring strategic areas of cooperation, including efforts to strengthen long-term energy and oil supply security, following talks between Prime Minister Datuk Seri Anwar Ibrahim and Russian President Vladimir Putin.
PM Anwar to meet Putin, Asean leaders for oil talks
MUAR: Prime Minister Datuk Seri Anwar Ibrahim says he will meet Russian President Vladimir Putin to discuss, among other matters, ensuring a stable supply of oil and gas to Malaysia amid growing global uncertainties.
Political stability, strong ties safeguard Malaysia's energy security, says Anwar
SIPITANG: Malaysia's strong international relations and political stability have enabled the country to secure continued access to oil and gas supplies despite growing uncertainty arising from the global energy crisis, says Datuk Seri Anwar Ibrahim.
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.
