Latest news with #MohdYusriMohamedYusof
New Straits Times
6 days ago
- Business
- New Straits Times
Petronas, Baker Hughes partner on Asia energy growth, transition
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) and Nasdaq-listed energy technology firm Baker Hughes have signed a memorandum of understanding to jointly explore business opportunities aimed at advancing Asia's energy expansion and transition goals. Under the agreement, both companies will work together to enhance liquefied natural gas services and cross-border talent development, strengthening local operational capabilities across the region. They will also explore digital and artificial intelligence-driven energy solutions, promote sustainable technologies in carbon capture, utilisation and storage, and together expand the use of biofuels and lubricants in the turbomachinery supply chain. Petronas senior vice president of projects, technology and health, safety, security and environment Mohd Yusri Mohamed Yusof said the expanded partnership would enable both companies to accelerate decarbonisation and innovation in energy delivery. "Our extended strategic partnership with Baker Hughes is poised to drive excellence in project delivery, decarbonisation, supply chain resilience, and technology adoption. "It signifies what is possible when two industry leaders unite to foster innovation ecosystems and shape the future of energy. Furthermore, the setting up of an enhanced aeroderivative facility here is a positive development towards the region's cleaner energy pursuit," he said in a statement today. Baker Hughes chairman and chief executive officer Lorenzo Simonelli said this collaboration is an important step to grow alongside customers in Asia-Pacific and also a localisation effort in developing reliable, secure and lower-carbon energy. As a first step, the firm plans to expand its gas technology services facility in Malaysia to include a full aeroderivative gas turbine module repair service, covering disassembly, assembly, grinding, and testing capabilities, which will support over 600 installed gas turbines in the region. Baker Hughes currently operates two turbomachinery facilities in Port Klang and a Kuala Lumpur-based iCenter that provides diagnostics for turbomachinery equipment. The company is assessing the best location for its new expanded gas turbine services footprint in Malaysia.
Korea Herald
07-05-2025
- Business
- Korea Herald
EAST COAST ENERGY 2025: POWERING A NEW ERA OF INCLUSIVE TRANSFORMATION
Driving Regional Growth Through Innovation, Clean Energy, and Collaborative Leadership KUALA LUMPUR, Malaysia, May 7, 2025 /PRNewswire/ -- As Malaysia accelerates its national energy transition agenda, the East Coast is poised to lead the next chapter in energy transition and sustainable development. The Terengganu State Government and Terengganu Petroleum Council (TPC) today announced the inaugural East Coast Energy (ECE) 2025, set to take place from 23 – 24 June 2025 at the Taman Tamadun Islam Convention Centre in Kuala Terengganu. This event will serve as a pivotal platform, uniting government leaders, industry pioneers, and community champions to forge an inclusive, resilient, and sustainable energy future, marking a significant leap in the region's economic diversification. Organised by Informa Markets, the team behind Oil and Gas Asia (OGA), and supported by Terengganu Inc. as strategic partner, EPIC Berhad as corporate partner and PETRONAS as knowledge partner, ECE 2025 will serve as a catalyst for investments, partnerships, and innovations that drive inclusive growth while addressing critical environmental challenges. As a key strategic investor in the state's development, Terengganu Incorporated reaffirmed its strong commitment to the event. "Terengganu Incorporated is proud to stand alongside key stakeholders in championing ECE 2025 – a pivotal platform that underscores the East Coast's strategic role in Malaysia's energy future," said Dato' Burhanuddin Hilmi B Mohamed, President & Group CEO of Terengganu Incorporated. "As the state's strategic investment arm, we view ECE 2025 as more than an event – it is a statement of intent. It reflects our mission to catalyse sustainable economic growth, attract high-impact investments, and position Terengganu as a dynamic hub for innovation, industry, and inclusive development." ECE 2025 is strategically built around four key pillars: These critical themes will be explored through a series of strategic forums, including: While the full roster of distinguished speakers will be announced in the coming months, confirmed participants include leading experts from State and Federal Governments, anchor players in the energy ecosystem, key supply chain partners, and influential public sector leaders. "PETRONAS is honoured to be part of ECE 2025, which serves as a timely platform to underscore the East Coast's strategic importance in supporting Malaysia's energy transition," said Ir. Mohd Yusri Mohamed Yusof, Senior Vice President, Projects, Technology and Health, Safety, Security and Environment (PT&HSSE), PETRONAS. "As we pursue our sustainability goals, innovation and collaboration are key. PETRONAS is committed to continue unlocking opportunities by fostering innovation ecosystems and impactful collaborations, towards creating a sustainable future," he added. ECE 2025 demonstrates a strong commitment to community empowerment through a series of purposeful outreach initiatives organised in collaboration with Society of Petroleum Engineers (SPE) Kuala Lumpur Section. The initiatives include ECANS (Energy Career Aspirations Networking Series) will connect students and young professionals with industry leaders, while ENERGY4ME promotes energy education and STEM skills among primary school students. Additionally, the Grand Oilmen Charity Masters, a golf tournament happening on the eve of ECE, supported by the Society of Petroleum Engineers (SPE) Kuala Lumpur Section, will raise funds with proceeds benefiting local communities in Terengganu. "EPIC is honoured to spearhead ECE 2025 – an initiative that not only celebrates our legacy as a cornerstone of the East Coast's energy ecosystem, but also reinforces our vision for its future," said Dr. Ts. Hj. Muhtar Bin Suhaili, Group CEO of EPIC Berhad and Chairman of the ECE 2025 Working Committee. "For over four decades, EPIC has driven industrial growth and regional development. With ECE 2025, we are building on that foundation – bringing together innovation, sustainability, and collaboration to unlock new opportunities and deliver lasting impact for generations to come." ECE 2025 welcomes all stakeholders, including industry professionals, government agencies, academic institutions, investors, and entrepreneurs, to be part of this milestone event. As the East Coast accelerates toward its clean energy ambitions, this summit offers a rare opportunity to turn bold ideas into tangible outcomes. "Informa Markets is proud to support the growth of Malaysia's energy industry through powerful platforms such as ECE 2025," said Gerard Leeuwenburgh, Country General Manager of Informa Markets Malaysia. "Building on the success of Oil and Gas Asia (OGA), we are creating a dedicated space for meaningful dialogue, strategic partnerships, and actionable outcomes that will help accelerate the East Coast's contribution to the national energy agenda." Join us at ECE 2025 and help shape Malaysia's sustainable energy future – where today's conversations power tomorrow's change. For more information on ECE 2025, including registration and participation opportunities, please visit Notes to Editor: About East Coast Energy 2025 East Coast Energy (ECE) 2025 is the premier energy transition summit for Malaysia's East Coast region. Hosted by the Terengganu State Government and the Terengganu Petroleum Council (TPC) and organised by Informa Markets, the team behind Oil and Gas Asia (OGA), this landmark event brings together government leaders, industry visionaries, and community champions to architect the next chapter in energy transition. With the support of key partners, Terengganu Inc., EPIC Berhad and PETRONAS, ECE 2025 highlights critical industry trends while prioritising the balance between economic advancement, social responsibility, and environmental stewardship. Join us as we align energy development with regional priorities to deliver meaningful impact for businesses, communities, and the planet.
