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Govt synergy important for continuous O&G growth

KUALA LUMPUR: Synergy between the Sarawak and the federal governments is crucial to ensure continuous development of the oil and gas industry in Malaysia. Deputy State Secretary (Planning and Economic Development), Datuk Dr Muhammad Abdullah Zaidel said cooperation and good relations will create more development opportunities in the industry. “When Petronas decides to allocate a […]

KKB secures contracts worth RM351.7 mln

KUCHING: KKB Engineering Bhd group has secured two contracts in Sarawak and Sabah worth a combined value of RM351.7 million. Its oil & gas subsidiary Ocean Might Sdn Bhd has received a letter of award with limited notice to proceed (LNTP) from Sarawak Shell Bhd for the provision of engineering, procurement and construction (EPC) of […]

Petronas set to replicate stellar first half performance

KUALA LUMPUR: Maybank Investment Bank (Maybank IB) expects Petronas to replicate its performance in the first half of the year (H1 2022) in the second half, which would result in the national oil company registering a core net profit of about RM100 billion in the financial year ending Dec 31, 2022 (FY22). The investment bank […]

PETRONAS into the big league – a reminisce

IT is readily acknowledged that the Malaysian state oil company Petroliam Nasional Berhad or better known by its acronym PETRONAS has succeeded in carving out a significant place on the international oil and gas scene for itself as one of the oil companies with a global influence in the industry. At one time, PETRONAS has […]

Highly in demand scaffolding skills

KUCHING: The demand for skilled workers in the oil and gas industry is very much-needed nowadays, said Nor Hisham Mohd Arifin, who is chief executive officer of SRC Global Resources Sdn. Bhd. “Similarly this is also the case with the labour demand for scaffolding skills in several places such as Johor, Melaka, Terengganu and Kelantan. […]

O&G: Sarawak in good position to forge ahead

KUCHING: Sarawak today has positioned itself well to ensure greater participation of the state with the formation of state-owned companies to spearhead activities and projects in the oil and gas industry. Perdana Petroleum Berhad’s Managing Director and the President of the Malaysian Offshore Supply Vessels Owners Association (MOSVA), Jamalludin Obeng said the state, under the […]

Petronas retains world’s strongest O&G brand position

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has maintained its position as the world’s strongest oil and gas (O&G) brand for the third consecutive year, according to the Brand Finance 2022 annual report on the most valuable and strongest O&G brands. The company also remains among the top 10 most valuable O&G brands globally in 2022. […]

Affordable piped gas a reality in eight years

KUCHING: Supply of piped gas for domestic use in households and business premises will be available in the next seven to eight years, said Energy and Environmental Sustainability Deputy Minister Dr Hazland Abang Hipni. The Pan Sarawak Virtual Pipeline System mega project undertaken by Petroleum Sarawak Bhd (Petros) will lead to the supply of piped […]

Sarawak eyes RM2.1 bln PETRONAS contracts

THE state is targeting RM2.1 billion worth of contracts from Petroliam Nasional Berhad (PETRONAS) as it recovers from the COVID-19 pandemic. Deputy Premier and International Trade, Industry and Investment Minister Datuk Amar Awang Tengah Ali Hasan explained that PETRONAS had earlier agreed to award at least RM2.1 billion worth of contracts annually as a baseline […]