Explanation of the corporate events: User Manual
Corporate Updates - Bursa Malaysia
2025-10-10
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on Bursa Malaysia listed companies.
| Date | Company | Event Details | Sector | Event Summary |
|---|---|---|---|---|
| 8 Aug, 2025 | Petro Sarawak (Petros) | Petroleum Sarawak Bhd (Petros) is working on developing two carbon capture, utilisation and storage (CCUS) hubs. | ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES | Business Venture |
| 17 Jul, 2025 | Petroliam Nasional Bhd (Petronas) | Petronas is seeking an early Court of Appeal hearing to lift a High Court injunction that forces it to supply gas to Shell MDS in Bintulu without payment. The dispute stems from competing gas invoices from Petronas and Petroleum Sarawak (Petros), with Shell concerned about double payment. The injunction allows gas supply to continue while payments are suspended. Petronas claims losses of over RM80 million per month. The case involves two gas agreements—one with Petronas (2020) and one with Petros (2024)—and a joint federal-Sarawak government declaration affirming Petronas’ rights under the Petroleum Development Act, while the jurisdictional dispute continues in Kuching High Court. | ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES | Operation Updates |
| 20 May, 2025 | Petroleum Sarawak Bhd (Petros) | Teaming up with China Jiangsu International Economic and Technical Cooperation Group Ltd to launch the Kuching Low-Carbon Hub (KLCH), a flagship project under the Sarawak Gas Roadmap. | ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES | Operation Updates |
| 6 Feb, 2025 | Zecon Bhd | Zecon has signed a non-binding agreement with Sabah's Petrosabah to explore a large-scale floating solar project in Lahad Datu. Under the Memorandum of Understanding (MOU), Zecon will own 70% of the project, while Petrosabah will hold 30%. The MOU is valid for six months or until a formal joint venture agreement is signed. | CONSTRUCTION | Operation Updates |
| 16 Dec, 2024 | KKB Engineering Bhd | Won two contract orders worth a combined value of RM89 million. One of the awards is related to PETROSNiaga Sdn Bhd (PNSB) for the supply and delivery of new liquefied petroleum gas cylinders. Meanwhile, the other contract is related to Gamuda Bhd’s award for the manufacture, supply, delivery and unloading of mild steel concrete lined pipes and specials in Sabah. | INDUSTRIAL ENGINEERING | Contract Awarded |
| 7 Nov, 2024 | KKB Engineering Bhd | Secured contracts worth a combined RM93 million from several companies with key projects in the industrial and infrastructure sectors. The latest contracts include a three-year price agreement from Petroleum Sarawak Bhd (Petros), a sub-contract from Bina Puri Builder Sdn Bhd and a purchase order from Greenchain Capital Sdn Bhd. | INDUSTRIAL ENGINEERING | Contract Awarded |
| 31 Oct, 2024 | Petro Sarawak (Petros) | Allocating about RM40 billion over the next five years for its capital expenditure. | ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES | Expansion Plan |
| 13 May, 2024 | Petroliam Sarawak Bhd | Petroliam Sarawak Bhd (Petros) will commence assuming Petroliam Nasional Bhd's (Petronas) role in all natural gas trading activities in Sarawak, effective July 1, 2024. | ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES | Operation Updates |
| 10 Aug, 2023 | Advancecon Holdings Bhd | 30%-owned associate company Advancecon (Sarawak) Sdn Bhd (ASSB) had accepted the letter of award (LOA) from Petros Power Sendirian Bhd for the proposed construction and completion of earthworks and other related works, in relation to the Miri combined cycle gas turbine power plant project. | CONSTRUCTION | Contract Awarded |
| 17 Jan, 2023 | Dialog Group Bhd | Signed the Baram Junior Cluster Small Field Asset production sharing contract (PSC) with Petroliam Nasional Bhd (Petronas) and a unit of Sarawak state-owned Petroleum Sarawak Bhd (Petros). Dialog’s wholly-owned unit Dialog Resources Sdn Bhd will take up a 70% participating interest in the PSC, including the operatorship of the contract, while Petros’s wholly-owned subsidiary Petroleum Sarawak Exploration and Production will take up the remaining 30% stake. | ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES | Business Venture |
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