Malaysia

The Peruvian government announces a 179 million tonne emissions target by 2035, integrating carbon market tools and international transfers to reach its climate goal.
Indonesia’s coal overproduction has cut state revenues and company profits, while methane emissions from mines far exceed official figures.

OMS Energy turns to AI and robotics to capture global pipeline inspection market

OMS Energy is accelerating investments in artificial intelligence and robotics to position itself in the growing pipeline inspection and maintenance sector, a strategic segment with higher margins than traditional equipment manufacturing.
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Pembina Pipeline Corporation and PETRONAS have signed a long-term agreement securing 1 million tonnes per year of liquefaction capacity at Canada's Cedar LNG terminal, reinforcing their positions in the global liquefied natural gas market.
NU E Power Corp. acquires 500 MW of hybrid projects from ACT Mid Market Ltd. to support the global expansion of its artificial intelligence and Bitcoin mining infrastructure.

Ormat Technologies increases its quarterly revenue by 17.9%

Ormat Technologies reported a rise in revenue for the third quarter, supported by solid performances in its Product and Storage segments, and revised its 2025 annual guidance upward.
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Sinopec finalised supply agreements worth $40.9bn with 34 foreign companies at the 2025 China International Import Expo, reinforcing its position in the global petroleum and chemical trade.
EVE Energy will supply 2.2 GWh of storage systems to EVO Power over five years, supporting the large-scale deployment of front-of-meter solutions in the Australian market.

Global warming heads toward 2.5°C despite commitments

Current emission trajectories put the planet on course for a 2.3°C to 2.5°C rise, according to the latest UN calculations, just days before the COP30 in Belem.
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Dragon Oil, a subsidiary of Emirates National Oil Company, partners with PETRONAS to enhance technical and commercial cooperation in oil and gas exploration and production.
The joint venture combines 19 assets (14 in Indonesia, 5 in Malaysia), aims for 300 kboe/d initially and >500 kboe/d, and focuses investments on gas to supply Bontang and the Malaysia LNG complex in Bintulu.

GCL signs two 100 MW solar projects with PLN IP in Indonesia

GCL Energy Technology strengthens its presence in Southeast Asia by partnering with PLN Indonesia Power to develop two 100 MW solar plants, both ground-mounted and floating, as part of the government’s Hijaunesia program.
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The Paris Agreement Crediting Mechanism formalizes a landfill-methane methodology, imposes an investment-based additionality test, and governs issuance of traceable units via a central registry, with host-country authorizations and corresponding adjustments required.
SLB OneSubsea has signed two EPC contracts with PTTEP to equip multiple deepwater gas and oil fields offshore Malaysia, extending a two-decade collaboration between the companies.

Malaysia strengthens public investment in gas and solar energy

The Malaysian government plans to increase public investment in natural gas and solar energy to reduce coal dependency while ensuring energy cost stability for households and businesses.
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Thailand’s pending approval of transmission fees is holding back progress on an energy project linking Laos to Singapore via Malaysia, amid political uncertainty.
GE Vernova and YTL PowerSeraya will assess the feasibility of capturing 90% of CO₂ emissions at a planned 600-megawatt gas-fired power plant in Singapore.

Singapore invests heavily in civil nuclear power and regional energy networks

Singapore strengthens its energy strategy through public investments in nuclear, regional electricity interconnections and gas infrastructure to secure its long-term supply.
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Baker Hughes recorded a 23% increase in orders in Q3 2025, driven by its gas segment, while net income fell 20% year-on-year to $609mn.
Indonesia Energy Corporation partners with Aquila Energia to develop two pilot projects combining solar and natural gas to power data centres in Brazil, under a non-binding framework supported by both governments.
Bluefield Renewable Energy leverages biochar to transform waste into carbon credits, supporting Singapore's 2050 carbon neutrality goal while bolstering the circular economy and carbon sequestration efforts.
Incident at Brunei LNG: Controlled Disruption with No Immediate Impact

Vietnam: A Fintech Platform Simplifies Solar Financing for Businesses

Solarvest and Finhero launch a solution to streamline access to solar project financing for Vietnamese businesses, addressing specific financial needs.
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O.K. Lim, a former oil tycoon in Singapore, has been sentenced to 17 and a half years in prison for a massive financial fraud that defrauded HSBC of $100 million, tarnishing the city-state's commercial reputation.
Indonesia and Japan establish a historic collaboration for carbon credit trading under the Paris Agreement, enhancing transparency and international environmental standards.

Hydrexia and WEDSB Partner to Develop Hydrogen in Malaysia

Hydrexia and WEDSB join forces to accelerate hydrogen development in Malaysia with an ambitious plan supported by the Selangor government, leveraging innovative technologies for sustainable energy transition.
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At COP29, Rafael Grossi, Director General of the International Atomic Energy Agency (IAEA), emphasizes the inclusion of nuclear energy in climate financing, while targeting a regulated access approach for developing countries.
Saudi Arabia, the world’s largest oil exporter, has inaugurated its first carbon credit exchange platform during COP29 in Baku, aiming to bolster its decarbonization efforts and diversify its economy.

Vietnam: Nghi Son refinery seeks to import more Kuwaiti oil

Facing growing domestic demand, Vietnam's Nghi Son refinery seeks government approval to increase its Kuwaiti oil imports, thereby exceeding its annual tax-free quota.
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At COP29, Azerbaijan urges negotiators to swiftly adopt Article 6 rules, a critical issue for international carbon credit markets. Talks are intensifying in Baku, but obstacles remain.
Saudi Aramco reduces its December official selling prices for crude oil bound for Asia, a move in line with market expectations. Adjustments vary by crude type, with larger cuts for lighter grades.

Record Volumes for LNG Futures in October on ICE

Record Volumes for LNG Futures in October on ICE
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With increasing sanctions against Russian LNG, an evasion ecosystem is emerging in various global hubs, fostering transactions in local currencies and a parallel trade network.
By leveraging its nickel resources, Indonesia inaugurates its first battery plant with the ambition of becoming a major player in the electric vehicle supply chain.

The Asia-Pacific Faces Carbon Capture Challenges to Reduce Upstream Emissions

With growing emissions in the oil and gas sectors, the Asia-Pacific is exploring carbon capture and storage (CCS) solutions to meet climate goals, but the lack of a unified strategic framework hinders progress.
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Indonesia Expels Chinese Vessel for the Third Time This Week
An NGO report warns of environmental risks associated with oil and gas concessions in the "Coral Triangle," one of the world’s richest marine ecosystems, threatened by maritime traffic and oil spills.

Kerosene Remains King in Asia Despite Supply Pressures

Kerosene demand in Asia remains strong, reinforcing its position over diesel, despite the massive arrival of cargoes from India and the Middle East, which could reverse this trend.
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In September, Brazil replaced Malaysia as the top supplier of blended bitumen to China, due to banking restrictions and new trade opportunities with Latin American countries.
BW Energy plans to reach a production of 40,000 barrels per day off the coast of Gabon by the end of 2024, thanks to an intensive drilling campaign in the Dussafu block.