<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 12): Petra Energy Bhd (KL:<a href="/askedge/klse/5133" class="ce-stock" target="_blank">PENERGY</a>) has secured a letter of award (LOA) from Petroliam Nasional Bhd (Petronas) in relation to the Banang Late Life Asset Production Sharing Contract (PSC) for a 10-year period until June 2034.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Wednesday, Petra Energy said the LOA was given to its unit Petra Energy Development Sdn Bhd (PEDSB), and that there was no fixed value stated in the letter of award.</p></div>

<div class=newsTextDataWrapInner><p>It said the duration of the contract is for the period of 10 years from June 1, 2024, until June 1, 2034.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>On the rationale for the award, the company said that PEDSB is in a good position to undertake this PSC.</p></div>

<div class=newsTextDataWrapInner><p>“The recent award of the PSC represents PEDSB’s strategic progression into an upstream PSC Operator, reinforcing our commitment and growing capabilities within the field.</p></div>

<div class=newsTextDataWrapInner><p>“The award of the Banang Late Life Asset PSC augments PEDBS’s operatorship portfolio.</p></div>

<div class=newsTextDataWrapInner><p>“PEDSB is also the operator of Block SK433, onshore Miri, Sarawak, with Petroleum Sarawak (Petros), which the company was awarded in July 2021,” said Petra Energy.</p></div>

<div class=newsTextDataWrapInner><p>The company said the award is expected to contribute positively to its earnings for the duration of the contract.</p></div>

<div class=newsTextDataWrapInner><p>At midday break on Wednesday, Petra Energy gained 0.70% or one sen to RM1.44, with 254,500 shares traded.</p></div>


KUALA LUMPUR (June 12): Petra Energy Bhd (KL:PENERGY) has secured a letter of award (LOA) from Petroliam Nasional Bhd (Petronas) in relation to the Banang Late Life Asset Production Sharing Contract (PSC) for a 10-year period until June 2034.

Petra Energy gets LOA from Petronas for Banang Late Life Asset PSC

PUTRAJAYA (Dec 22): The Early Schooling Aid (BAP) will extended to Form 6 students starting from the 2025/2026 schooling session, with each receiving RM150, said Education Minister Fadhlina Sidek.

Early schooling aid extended to Form 6 students

KUALA LUMPUR (Dec 22): Malaysia is intensifying efforts to deepen economic and cultural ties with Iran, identifying Gilan province as another key hub for collaboration.

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JAKARTA (Dec 22): Indonesian police have detained 18 personnel suspected of extorting Malaysian nationals who attended the Djakarta Warehouse Project (DWP) concert in Kemayoran, North Jakarta.

18 cops detained for alleged extortion of Malaysian fans at Djakarta Warehouse Project concert

ANKARA (Dec 22): Türkiye will do "whatever it takes" to ensure its security if the new Syrian administration cannot address Ankara's concerns about US-allied Kurdish groups it views as terrorist groups, Foreign Minister Hakan Fidan said on Saturday (Dec 21).

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BENGALURU (Dec 21): Stellantis has reversed its decision to lay off about 1,100 employees at an Ohio Jeep plant, less than three weeks after the abrupt resignation of chief executive Carlos Tavares, the Franco-Italian automaker said late on Saturday.

Stellantis reverses Ohio layoffs weeks after CEO's abrupt departure

(Dec 22): President-elect Donald Trump selected billionaire Tilman Fertitta as his ambassador to Italy, enlisting a prominent businessman and one-time reality television star for a prime diplomatic post.

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(Dec 21): Lara Trump, daughter-in-law of President-elect Donald Trump, said on Saturday that  she has removed her name from consideration to replace outgoing US Senator Marco Rubio.

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(Dec 21): A Starbucks Corp strike of unionised baristas has spread to three more cities in the US, disrupting service during the final days of the crucial holiday season.

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KUALA LUMPUR (Dec 22): The Health Ministry (MOH) does not take lightly the resignation of more than 6,000 doctors over the past five years.

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KUALA LUMPUR (Dec 21): Prime Minister Datuk Seri Anwar Ibrahim held a meeting on Saturday with local and foreign media practitioners to convey the latest developments about the country's direction related to government policies, as well as various current and future issues in Malaysia.

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<p>Lion Group’s property division, Lion Group Property, is looking to expand its industrial park portfolio, says the conglomerate’s executive chairman Tan Sri William Cheng.</p>


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<p>Among all precious gems, diamonds are one of the most sought after and prominent —&nbsp;for good reason. It is their rarity, durability and beauty that inspire&nbsp;the managing director of jewellery company Tomei, Datuk Ng Yih Pyng, to keep them as the focus of his star label, Le Lumiere. With over 30 years of experience under his belt, he has witnessed his fair share of industry evolutions. As technology progresses and diamond reserves begin to run dry, a new competitor — lab-grown stones — has entered the market. What does this mean for the stability of the natural gemstone trade, and what can consumers expect to see in the coming year? Ng gives us his thoughts.</p>


Light fantastic

<p>KUALA LUMPUR (Dec 22): The Health Ministry (MOH) does not take lightly the resignation of more than 6,000 doctors over the past five years.</p>


<p>KUALA LUMPUR (Dec 21): Prime Minister Datuk Seri Anwar Ibrahim held a meeting on Saturday with local and foreign media practitioners to convey the latest developments about the country's direction related to government policies, as well as various current and future issues in Malaysia.&nbsp;</p>


<p>KUALA LUMPUR (Dec 22): Malaysia is intensifying efforts to deepen economic and cultural ties with Iran, identifying Gilan province as another key hub for collaboration.</p>


<p>(Dec 21):&nbsp;The Biden administration is mulling exempting Mexico from tariffs on imported solar equipment, a last-minute change that would primarily benefit Maxeon Solar Technologies Ltd.&nbsp;</p>


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<p>JAKARTA (Dec 22): Indonesian police have detained 18 personnel suspected of extorting Malaysian nationals who attended the Djakarta Warehouse Project (DWP) concert in Kemayoran, North Jakarta.</p>


<p>KUCHING (Dec 21): A supply interruption caused by generator trip at the Bakun Hydroelectric Plant (HEP) on Saturday afternoon has been fully restored to affected consumers in certain parts of Kuching, Sibu, Bintulu and Miri.</p>


Sarawak Energy: Partial power outage fully restored

<p>(Dec 21):&nbsp;A Starbucks Corp&nbsp;strike of unionised baristas has spread to three more cities in the US, disrupting service during the final days of the crucial holiday season.</p>


<p>(Dec 22):&nbsp;President-elect Donald Trump selected billionaire Tilman Fertitta as his ambassador to Italy, enlisting a prominent businessman and one-time reality television star for a prime diplomatic post.</p>


<p>(Dec 21):&nbsp;Lara Trump, daughter-in-law of President-elect Donald Trump, said on Saturday that&nbsp; she has removed her name from consideration to replace outgoing US&nbsp;Senator Marco Rubio.</p>


<p>ANKARA (Dec 22): Türkiye will do "whatever it takes" to ensure its security if the new Syrian administration cannot address Ankara's concerns about US-allied Kurdish groups it views as terrorist groups, Foreign Minister Hakan Fidan said on Saturday (Dec 21).</p>


<p>BENGALURU (Dec 21): Stellantis&nbsp;has reversed its decision to lay off about 1,100 employees at an Ohio Jeep plant, less than three weeks after the abrupt resignation of chief executive Carlos Tavares, the Franco-Italian automaker said late on Saturday.</p>


<p>PUTRAJAYA (Dec 22): The&nbsp;Early Schooling Aid (BAP) will extended to Form 6 students starting from the 2025/2026 schooling session, with each receiving RM150, said Education Minister Fadhlina Sidek.</p>
