Battery storage poised for rapid expansion
The rise of renewable energy (RE) is forcing Peninsular Malaysia to confront a critical gap in its power system – the need for more battery energy storage capacity.
New RE value for retiring coal plants, says DPM
Malaysia plans to repurpose sites of retiring coal-fired power plants into renewable energy (RE) hubs and battery energy storage facilities under a proposed National Coal Site Repurposing Framework, says Deputy Prime Minister Datuk Seri Fadillah Yusof.
TotalEnergies sells minority stake in Malaysia's Marjoram gas field for US$350mil
KUALA LUMPUR: TotalEnergies has agreed to sell its minority non-operated interest in the Marjoram gas field offshore Malaysia to INPEX for US$350mil as part of its portfolio optimisation strategy.
Oil falls for a third straight day after US, Iran conclude talks in Doha
SINGAPORE: Oil prices dropped about 1% on Thursday, down for a third consecutive day, after Qatar said Iran and the U.S. had made progress in indirect talks focused on the Strait of Hormuz, which handled one-fifth of global oil supply before the war.
Kenyir HHFS project to enhance TNB’s RE capacity
Analysts view Tenaga Nasional Bhd (TNB) as a primary beneficiary of Malaysia's energy transition plans, expressing strong confidence in the power utility's ability to achieve its 70% renewable energy (RE) capacity mix target by 2050.
Middle East producers push on with oil, LNG loadings despite ship attacks
SINGAPORE: Middle East producers are pushing ahead with loading oil and liquefied natural gas despite fresh ship attacks in the Strait of Hormuz and renewed strikes between the U.S. and Iran in recent days, shipping data showed.
Malaysia expects energy price, supply instability for at least another year
KUALA LUMPUR: Malaysia expects global energy markets to begin stabilising in the third quarter of 2026, though price and supply volatility will continue to have an impact for the next one or two years, the country's economy minister Akmal Nasir said on Monday.
Oil climbs following renewed US, Iran strikes in Middle East
SINGAPORE: Oil prices rose on Monday following days of tit-for-tat strikes by the U.S. and Iran that underscored the fragility of their interim peace deal and again slowed energy shipping through the Strait of Hormuz.
Hibiscus Petroleum launches Brunei low-pressure compressor project
KUALA LUMPUR: Hibiscus Petroleum Bhd has launched the start-up of its low-pressure compressor (LPC) project in Brunei, marking a key milestone in sustaining production from the Block B Maharajalela Jamalulalam field.
Australian energy exploration hits 10-year high in hunt for gas
PERTH: Energy exploration has picked up sharply in Australia driven by growing Asian gas demand, technological advances and an improved investment climate, with the Iran war underscoring the urgency to develop supply, after years of sluggish spending.
