PETALING JAYA: Research houses are pessimistic on Dayang Enterprise Holdings Bhd’s earnings outlook because of the Petronas-Petroleum Sarawak Bhd (Petros) dispute.
The Sarawak-based oil and gas (O&G) services provider is already facing some fallout from the uncertainties arising from the impasse. Its net profit for the second quarter ended June 30 (Q2 FY2025) plunged 41.7% to RM76.6 million from RM131.4 million a year ago.
Q2 revenue tumbled 41.4% to RM267.4 million from RM455.8 million a year earlier. The drop off was attributed to lower vessel utilisation rates caused by a delay in oil majors’ contract commencement.
🌍 A.C.E. Conference 2025 📅 11 – 12 September 2025 📍 Kuala Lumpur Convention Centre, Malaysia
The A.C.E. Conference 2025, jointly organised with the ASHRAE Malaysia Chapter, is a premier platform where engineers, cleanroom specialists, and policymakers converge to advance the future of the built environment.
Key Benefits for Participants
Gain practical insights into energy efficiency, global standards, and ISO compliance
Explore the latest cleanroom and HVAC&R innovations
Learn from international and local case studies with real-world applications
Expand professional networks with industry leaders and decision-makers
Accredited with 9 BEM CPD hours and 20 CIDB CCD points
Featured Sessions
ISO 14644 Updates: Implications for fan energy reduction in cleanrooms
Semiconductor Best Practices: Lessons from Taiwan’s cleanroom facilities
Cleanroom Performance Testing (CPT)
CFD Simulation in Cleanroom Design
Panel Discussion: “Greening the Cleanroom: Balancing Energy Efficiency with Stringent Standards”
Rising energy consumption in HVAC&R highlights the urgent need for global cooperation. The MARVEX Forum 2025, held on 10 September 2025 at the Kuala Lumpur Convention Centre, provides a premier platform for international dialogue and strategic collaboration.
For the first time, the Forum unites industry leaders and policymakers from ASEAN, China, Japan, Korea, and the USA — regions that collectively represent over 60% of the global HVAC&R market.
🔑 Key Focus Areas:
Development of unified HVAC&R standards
Adoption of smart and digital technologies
Updates on policy, compliance, and regulations
Transition towards low-GWP refrigerants
🎯 Why Attend:
Access valuable market intelligence and regulatory insights
Explore cutting-edge innovations at the co-located MARVEX Exhibition (9–12 September 2025)
Build strategic connections with global industry leaders
📌 Event Details 📅 9 – 12 September 2025 (Forum: 10 September 2025) 🕘 10:00 AM – 6:00 PM 📍 Kuala Lumpur Convention Centre, Malaysia
Hibiscus Oil & Gas Malaysia has signed a heads of agreement (HoA) with PetroVietnam Exploration Production Corp .(PVEP), the company reported in an Aug. 22 press release.
The agreement covers the proposed connection of production from PVEP’s Block 46/13 production sharing contract (PSC) offshore Vietnam to existing facilities in the Hibiscus-operated PM3 Commercial Arrangement Area (CAA) PSC offshore Peninsular Malaysia. PVEP, along with Petronas, is also a partner in the PM3 concession.
The HoA outlines terms for the tie-in engineering and construction program as well as product handling arrangements, which would allow Block 46/13 production to be processed at the Hibiscus-operated facilities. Terms include a commercial framework concerning production handling and cost allocation for Block 46/13.
Get ready to step into the future of engineering and HVAC&R at ENGINEER & MARVEX 2025, ASEAN’s leading hub for the built environment. This highly anticipated event brings together professionals, innovators, and industry leaders for sourcing, networking, and collaboration – all in one place.
Backed by the strong support of government ministries, agencies, and regional industry associations, this exhibition drives a sustainable and interconnected ASEAN, with a strong commitment to advancing ESG initiatives.
🌐 Event Details
📍Dates: 9 – 12 September 2025 (Tuesday to Friday) 📍Time: 10:00 am – 6:00 pm daily 📍Venue: Kuala Lumpur Convention Centre (KLCC), Kuala Lumpur, Malaysia
📌 Event Highlights
✅ 5 Halls | 8,500 sqm exhibition space (expanded by 16.5%) ✅ 13,800+ visitors expected ✅ 1,000+ innovative solutions ✅ 160+ industry expert speakers ✅ 50+ knowledge sessions ✅ 3 live showcases ✅ 40+ BEM CPD Hours applied
This is your chance to explore the latest technologies, witness groundbreaking solutions, and gain insights from top industry experts. Whether you’re an engineer, contractor, consultant, policymaker, or simply passionate about the future of sustainable infrastructure, this event is designed for you.
📍 Don’t miss out – join ENGINEER & MARVEX 2025and be part of shaping tomorrow’s built environment!
KUALA LUMPUR (Aug 25): Petronas and its Sarawak state counterpart will have one month to negotiate gas supply rights after the court adjourned a hearing on the dispute on Monday.
The joint request for adjournment was granted “to allow the ongoing negotiations between the parties to continue”, the national oil company also known as Petroliam Nasional Bhd said in a statement.
“The parties are still involved in discussions with an aim of bringing matters to resolution,” the statement said.
Flip through the exclusive e-Show Preview now to get a first look at what awaits at ENGINEER & MARVEX 2025 from exhibitor highlights to live showcases and key event features.
Mark the Dates!
When: 9–12 September 2025 Time: 10:00 AM – 6:00 PM Where: KL Convention Centre, Malaysia Your gateway to engineering and HVAC&R innovation in ASEAN!
Why You Can’t Miss This
Dive into Mechanical, Electrical, Civil & Structural, plus Air-Conditioning, Mechanical Ventilation & Refrigeration technologies — all in one place. Engineer Malaysia
Browse now in the e-Show Preview to plan your must-see booths, showcases and sessions ahead of time.
KUALA LUMPUR, Aug 24 — Petronas Gas Bhd (PGB) confirms that all pipeline infrastructure and facilities within the affected region remain fully secure and operational following a minor earthquake that occurred near Segamat, Johor, this morning.
“Upon receiving notification of the tremor, our technical and regional teams promptly implemented standard safety protocols that are already in place for such events across the southern region,” the oil and gas company said in a statement today.
As part of these established procedures, PGB said checks were carried out at the Segamat Compressor Station, Segamat Control Station, and along the relevant pipeline right-of-way. No abnormalities or disruptions were detected, it said.
KUALA LUMPUR: A protracted rift between Malaysia’s national oil corporation Petronas and the Sarawak state government appears to be causing investor disquiet following a surprise withdrawal by United States oil firm ConocoPhillips from an oil project off the Borneo coast.
In a little-publicised surprise move this month, ConocoPhillips decided to withdraw from operating the Salam-Patawali deepwater oil and gas field that the company discovered in 2018 with Petronas in a 50-50 joint venture that was expected to cost RM13.7 billion (US$3.13 billion).
MALAYSIA — with its gas basins, position in the centre of Southeast Asia and proximity to the Far East countries of China, Japan and South Korea, as well as India — is seen as a prime anchor point for TotalEnergies’ expansion in the region.
The French oil major kicked off its investment here by taking over SapuraOVM Upstream Sdn Bhd from Austria-based OMV and Sapura Energy Bhd last year. The acquisition gave the company operating interest in two blocks off Sarawak, mainly gas fields.
Last week, it sealed a deal with Petroliam Nasional Bhd (Petronas) to acquire a 50% operating working interest in two blocks off Sarawak — SK301b and SK313 — which contain gas discoveries amounting to more than four Tcf.
Posted by Wata 
Wata - Malaysian Oil and Gas Engineer 