TotalEnergies has signed an agreement with Sapura Upstream Assets Sdn Bhd (SUA) to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn (SapuraOMV) for a consideration of US$530 million, subject to closing adjustments.
This agreement follows the first agreement signed with OMV on January 31st, 2024, for the acquisition of its 50% interest in SapuraOMV. After completion of both transactions, which are subject to some conditions precedent, in particular regulatory approvals, TotalEnergies would own 100% of SapuraOMV.
Transaction agreement closing is expected in the second half of 2024.
YTL Power International Bhd has confirmed that it is partnering with KDEB Waste Management Sdn Bhd to develop a 58 MW waste-to-energy (WTE) plant in Rawang, Selangor, Malaysia. The Sultan Idris Shah G...
Read moreSolar PV Power Sdn Bhd. (SPP), a joint venture of Jetama Energy Sdn Bhd (Jetama) and Symbior Solar Limited (Symbior), has reached financial close for its 10 MW AC Solar Photovoltaic Project located in...
Read moreScientists at Universiti Malaysia Pahang have developed an innovative passive cooling method for solar modules that employ moist coconut fiber as a cooling agent. The solution, which uses bio-inspired...
Read moreINPEX and Petroleum Sarawak Berhad (PETROS) have signed a joint collaboration agreement to explore the potential development of a carbon capture and storage (CCS) project. The project aims to capture...
Read moreib vogt has started the commercial operation of the 116 MWp Coara Marang Solar Project, in consortium with its Malaysian joint venture partner, Coara Solar Sdn Bhd. The project is located in Marang, T...
Read more