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SINGAPORE: Energy pricing agency Platts has approved a new storage terminal in southern Malaysia set up by a joint venture of oil trader Vitol to participate in its assessment process for oil products, a step that could strengthen the region's role as a trading hub.
NEW DELHI: India is presenting a potential investment opportunity of $50 billion in battery storage facilities that could help integrate renewable energy into the grid, replace polluting diesel-fueled power and boost electric mobility, the head of American energy firm AES Corp. said.
PETALING JAYA: Oil-and-gas services firm Dialog Group Bhd could see some potential risks from the normalisation of storage rates, says UOB Kay Hian Research.
KUALA LUMPUR: Dialog Group Bhd and Singapore’s Concord Energy Pte Ltd will undertake a feasibility study for a dedicated crude oil and petroleum product storage terminal in Pengerang, Johor.
PETALING JAYA: Johor Corp’s (JCorp) shipping unit EA Technique (M) Bhd will use the funds raised from its upcoming initial public offering (IPO) to buy and convert an oil tanker into a floating storage and offloading (FSO) vessel and expand its shipbuilding facilities in Perak.
SINGAPORE: Malaysia’s biggest commercial oil storage facility will start operations today when it receives its first fuel shipment, expanding South-East Asia’s share in the oil storage business and also raising competition with neighbouring Singapore.
SINGAPORE: Malaysia's biggest commercial oil storage facility will start operations on Saturday when it receives its first fuel shipment, expanding Southeast Asia's share in the oil storage business and also raising competition with neighbouring Singapore.
SINGAPORE/BEIJING: Asia's top refiner, China's Sinopec, has started work to build Southeast Asia's largest oil storage terminal at the Batam free trade zone in Indonesia, the company and industry sources said, in an $850-million investment aimed to boost petroleum trading.