Latest news with #EnergyAsia2025Conference
New Straits Times
3 days ago
- Business
- New Straits Times
Presence of global companies ensure stability of nation's energy sector
KUALA LUMPUR: The presence and investment of major global companies, such as the leading United States oil company ConocoPhillips, are crucial in ensuring the stability and sustainability of the nation's energy sector, said Prime Minister Datuk Seri Anwar Ibrahim. Anwar, who is also the finance minister, received a courtesy visit from ConocoPhillips chairman and chief executive officer, Ryan Lance, in Putrajaya today. ConocoPhillips is involved in oil exploration, development and production activities globally, including in Malaysia. "In this meeting, I emphasised that the Madani government is committed to clear and investor-friendly policies to ensure the confidence of large companies such as ConocoPhillips to continue to make Malaysia a long-term investment destination. "The presence and investment of major companies such as ConocoPhillips is important in ensuring the stability and sustainability of the country's energy. It is also able to stimulate economic growth and open up high-value job opportunities in the oil and energy sector," said Anwar in a Facebook post today. ConocoPhillips also stated their continued commitment to investments in Malaysia, including involvement in the Kebabangan Cluster Production Sharing Contract (KBBC PSC) in Sabah, which is operated through its subsidiary, ConocoPhillips Sabah Gas Ltd, with strategic partner Petronas. Earlier, during a leadership dialogue session titled "Gas and Liquefied Natural Gas (LNG): Investing for the Long Term" at the Energy Asia 2025 Conference in Kuala Lumpur, Lance said that ConocoPhillips is focusing its investment in Sabah while also strengthening its long-term commitment to Malaysia. He added that the company is currently in discussions with Petronas regarding potential investment opportunities in the country.
The Sun
3 days ago
- Business
- The Sun
Presence, investment of major global companies ensure stability
KUALA LUMPUR: The presence and investment of major global companies, such as the leading United States oil company ConocoPhillips, are crucial in ensuring the stability and sustainability of the nation's energy sector, said Prime Minister Datuk Seri Anwar Ibrahim. Anwar, who is also the finance minister, received a courtesy visit from ConocoPhillips chairman and chief executive officer, Ryan Lance, in Putrajaya today. ConocoPhillips is involved in oil exploration, development and production activities globally, including in Malaysia. 'In this meeting, I emphasised that the MADANI government is committed to clear and investor-friendly policies to ensure the confidence of large companies such as ConocoPhillips to continue to make Malaysia a long-term investment destination. 'The presence and investment of major companies such as ConocoPhillips is important in ensuring the stability and sustainability of the country's energy. It is also able to stimulate economic growth and open up high-value job opportunities in the oil and energy sector,' said Anwar in a Facebook post today. ConocoPhillips also stated their continued commitment to investments in Malaysia, including involvement in the Kebabangan Cluster Production Sharing Contract (KBBC PSC) in Sabah, which is operated through its subsidiary, ConocoPhillips Sabah Gas Ltd, with strategic partner Petronas. Earlier, during a leadership dialogue session titled 'Gas and Liquefied Natural Gas (LNG): Investing for the Long Term' at the Energy Asia 2025 Conference in Kuala Lumpur, Lance said that ConocoPhillips is focusing its investment in Sabah while also strengthening its long-term commitment to Malaysia. He added that the company is currently in discussions with Petronas regarding potential investment opportunities in the country.
The Sun
3 days ago
- Business
- The Sun
Presence, investment of major global companies ensure stability of nation's energy sector
KUALA LUMPUR: The presence and investment of major global companies, such as the leading United States oil company ConocoPhillips, are crucial in ensuring the stability and sustainability of the nation's energy sector, said Prime Minister Datuk Seri Anwar Ibrahim. Anwar, who is also the finance minister, received a courtesy visit from ConocoPhillips chairman and chief executive officer, Ryan Lance, in Putrajaya today. ConocoPhillips is involved in oil exploration, development and production activities globally, including in Malaysia. 'In this meeting, I emphasised that the MADANI government is committed to clear and investor-friendly policies to ensure the confidence of large companies such as ConocoPhillips to continue to make Malaysia a long-term investment destination. 'The presence and investment of major companies such as ConocoPhillips is important in ensuring the stability and sustainability of the country's energy. It is also able to stimulate economic growth and open up high-value job opportunities in the oil and energy sector,' said Anwar in a Facebook post today. ConocoPhillips also stated their continued commitment to investments in Malaysia, including involvement in the Kebabangan Cluster Production Sharing Contract (KBBC PSC) in Sabah, which is operated through its subsidiary, ConocoPhillips Sabah Gas Ltd, with strategic partner Petronas. Earlier, during a leadership dialogue session titled 'Gas and Liquefied Natural Gas (LNG): Investing for the Long Term' at the Energy Asia 2025 Conference in Kuala Lumpur, Lance said that ConocoPhillips is focusing its investment in Sabah while also strengthening its long-term commitment to Malaysia. He added that the company is currently in discussions with Petronas regarding potential investment opportunities in the country.
Barnama
3 days ago
- Business
- Barnama
Presence, Investment Of Major Global Companies Ensure Stability Of Nation's Energy Sector
KUALA LUMPUR, June 18 (Bernama) -- The presence and investment of major global companies, such as the leading United States oil company ConocoPhillips, are crucial in ensuring the stability and sustainability of the nation's energy sector, said Prime Minister Datuk Seri Anwar Ibrahim. Anwar, who is also the finance minister, received a courtesy visit from ConocoPhillips chairman and chief executive officer, Ryan Lance, in Putrajaya today. ConocoPhillips is involved in oil exploration, development and production activities globally, including in Malaysia. 'In this meeting, I emphasised that the MADANI government is committed to clear and investor-friendly policies to ensure the confidence of large companies such as ConocoPhillips to continue to make Malaysia a long-term investment destination. 'The presence and investment of major companies such as ConocoPhillips is important in ensuring the stability and sustainability of the country's energy. It is also able to stimulate economic growth and open up high-value job opportunities in the oil and energy sector,' said Anwar in a Facebook post today. ConocoPhillips also stated their continued commitment to investments in Malaysia, including involvement in the Kebabangan Cluster Production Sharing Contract (KBBC PSC) in Sabah, which is operated through its subsidiary, ConocoPhillips Sabah Gas Ltd, with strategic partner Petronas. Earlier, during a leadership dialogue session titled 'Gas and Liquefied Natural Gas (LNG): Investing for the Long Term' at the Energy Asia 2025 Conference in Kuala Lumpur, Lance said that ConocoPhillips is focusing its investment in Sabah while also strengthening its long-term commitment to Malaysia. He added that the company is currently in discussions with Petronas regarding potential investment opportunities in the country. -- BERNAMA BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies. Follow us on social media : Facebook : @bernamaofficial , @bernamatv , @bernamaradio Twitter : @ , @BernamaTV , @bernamaradio Instagram : @bernamaofficial , @bernamatvofficial , @bernamaradioofficial TikTok : @bernamaofficial
The Sun
4 days ago
- Business
- The Sun
Shell bolsters sustainability integration amid shifting global energy landscape
KUALA LUMPUR: Shell is reinforcing its sustainability efforts across its business operations as part of a broader strategy to remain competitive and resilient in a fast-changing global energy landscape. Vice-president for sustainability Karen Westley said the company is aligning environmental and social sustainability with its core values and risk framework, which is among the efforts to navigate the global shift toward cleaner energy. She said the company has been focusing on simplification through the corporate sustainability reporting directive (CSRD) disclosure process, allowing Shell to tie impacts, risks, and opportunities across sustainability to its enterprise risk framework. 'This has led us to strengthen our governance, systems and standards around sustainability. We have included sustainability as a foundation in our core values alongside safety and care for people,' she said during the plenary session titled 'Sustainability Leaders Navigating Geopolitical and Economic Shifts in Energy Companies' at the Energy Asia 2025 Conference today. Westley said Shell has already achieved key environmental targets, including a 70 per cent cut in methane emissions since 2016, a 60 per cent reduction in Scope 1 and 2 emissions towards its 2030 goal, and a nine per cent fall in net carbon intensity. It has also met goals on biodiversity protection, water use, and reforestation. Westley said that in addition to its emissions targets, Shell is working on improving energy access, particularly in Asia. In November 2024, the company has partnered with three energy giants -- TotalEnergies, Equinor, and BP -- for a US$500 million joint investment commitment (US$1=RM4.23) to create a positive impact on energy access for people in key regions over the coming years.
