Elridge Energy inks MoU with Indonesia’s PT Orion
Malaysian-based biofuel producer Elridge Energy strengthens partnership with Indonesian-based PT Orion through the supply of 150,000 MT of Palm Kernel Shells annually
Category: oil and gas
Energy and Plantation sectors outperformed the broader market on Friday
Lower liner stocks continued their pullback, with only the Energy (+0.1%) and Plantation (+0.01%) sectors outperforming the broader market
Bumi Armada Posts RM266 Million Profit Amid Strong Cash Flow
Bumi Armada achieves RM266 million profit, maintains strong cash flow
Petronas Expands LNG Role and Tech Integration
Petronas is expanding Malaysia’s LNG role with overseas investments. New 5G networks at its Bintulu plant enhance efficiency, while IoT integration boosts operations.
OIL AND GAS Maintain POSITIVE: Midstream to Ride on the Geopolitical and Demand Flux
Crude oil prices rose 5% YoY in July, while natural gas fell 13% due to oversupply. The KL Energy Index gained 15% YoY despite volatility
Moody’s Ratings Affirms PETRONAS and PETRONAS LNG Ratings; Outlook Stable
Moody’s affirmed PETRONAS’ A2 ratings for both local and foreign currency, citing strong credit metrics, large hydrocarbon reserves, and excellent liquidity.
O&G sector outlook in CY24 remains positive
Though uncertainties in the petrochemicals sector will persist due to competition, feedstock oversupply, and slower growth in specialty chemicals, the O&G outlook sector remains positive
LNG Market Dynamics in Bangladesh, Japan, and South Korea
LNG demand varies: Bangladesh seeks imports, Japan faces thermal fuel outages and increased purchases, while South Korea boosts gas consumption and nuclear stability.
Subsidy Rationalisation: RON95 Next on the Agenda? 🛢️
RON95 petrol subsidy reforms may start soon, saving RM4 billion annually, amid rising fiscal pressures and increased enforcement against misappropriation and smuggling
Graffiquo Asia Introduces Innovative Solution for Oil & Gas Industry
Graffiquo Asia launches GIX for Oil & Gas, enhancing data capture, asset management, and reporting for improved efficiency and safety in the industry