SHELL Global Solutions, the technology arm of oil giant Royal Dutch Shell Group, is committed towards developing technology to meet the region’s energy challenge.
Vice-president (Asia-Pacific) Lee Tzu Yang said the market had no other option but to boost efficiency in order to cope with increasing production costs triggered by escalating oil prices.
“That’s where our technology […]

The Natural Resources Ministry’s environmental agency said Friday it would seek the withdrawal of a license held by U.S. oil producer Transmeridian Exploration as regulators turn their attention to smaller foreign energy companies.
Spot checks at Transmeridian’s Gasha oil field in Dagestan uncovered “serious violations” by Transmeridian venture DNK, the Natural Resources Ministry said in a […]

Malaysian energy services firm SapuraCrest Petroleum Bhd has won a 3 billion ringgit ($873 million) contract from a unit of state oil firm Petronas [PETR.UL], SapuraCrest said on Friday.
The deal came one day after the company won a 200 million ringgit ($58.2 million) oil pipeline contract from the Malaysian unit of U.S. energy giant Exxon […]

Arawak Energy Corporation (the “Company” or “Arawak”) is pleased to announce an exploration success in its 100% owned Besbolek block in Kazakhstan. Exploration well No. 50 has discovered oil in a previously untested structure in the south of the block. The exploratory concept of the extension of the Upper Triassic paleo-flows into the down-faulted southern […]

Petronas president Tan Sri Hassan Marican, in a separate interview with Azam Aris and Surin Murugiah from The Edge Financial Daily after announcing its financial results for the year ended March 31, 2007, provides an insight into the company’s operations and future plans. Here are excerpts of the interview:
FD: Another record profit year for Petronas. […]

Oil support services provider Deleum Bhd, which made an impressive debut on Bursa Malaysia main board last Friday, continued on its winning streak yesterday, with its shares putting on RM1.22, or 29.2%, and closing at the day’s high of RM5.40.
Analysts said the growing demand in the oil and gas (O&G) sector and expectations that […]

Tenaga Nasional, Malaysia’s biggest company by market value, is lobbying the government to allow international investors to own as much as 30 percent of the national utility, its chief executive said Tuesday.
Tenaga is also considering taking up a 20 percent stake in a proposed project to lay undersea power cables from Borneo island to the […]

PanGlobal Bhd wants to focus on property investment and development as well as timber and coal operations after its restructuring exercise, which includes the sale of PanGlobal Insurance Bhd.
The company plans to develop a RM90 million hotel and service apartment project in Kuching as it moves further into property development.
Its group chief executive officer Bernard […]

UMW Holdings Bhd expects the oil and gas sector, into which it began a serious push five years ago, to contribute a quarter to its bottom line for 2007 compared with 20% last year.
UMW managing director Datuk Dr Abdul Halim Harun said the greater contribution would come from the pipes plants in China and Malaysia […]

The Assar Senari group is poised to become a major player in the bulk petroleum and palm oil industries in Sarawak following the opening of its industrial complex in Senari Monday.
The RM350mil complex comprises an independent oil terminal (IOT); a palm oil refinery; an oil, gas and chemicals jetty; and a light industrial park […]