November 5, 2016
Unit Tindakan Khas (UTK) telah mengakhiri era kewujudan mereka apabila termaktub semua perjanjian PSC yang selebihnya. Pada masa mereka merangka dan merundingkan PSC, yang turut tertubuh ialah Jabatan Pemasaran Antarabangsa atau “International Marketing Department (IMD)” bagi mengagih minyak mentah ke pasaran antarabangsa dan Jabatan Pemasaran Dalam Negeri atau “Domestic Marketing Department (DMD)” untuk penjualan bahan petroleum di dalam negeri, khususnya melalui stesen-stesen servis.
Visit here and buy books so I have some spending money.
May 21, 2018
Dateline 2018-03-21, Upstream Online:
Malaysia’s national oil company Petronas has delayed the potential divestment of a significant stake in Block SK 316 offshore Sarawak, East Malaysia that is home to the giant Kasawari gas field.
There has been a delay in the process, PTTEP President Phongsthorn Thavisin said on the sidelines of OTC Asia. The Thai national upstream player is still interested in coming on board this gas-rich acreage and would “normally be interested in 10% to 20% of such a prize, added Phongsthorn.
Petronas is set to this year decide whether to line up a partner for Block SK 316 or whether to solely pursue the exploitation of Kasawari, which has an estimated recoverable resource of 3 trillion cubic feet of gas.
May 20, 2018
Dateline 2018-03-21, Reuters:
Mubadala Petroleum, Petronas and Royal Dutch Shell will spend more than $1 billion to develop Malaysia’s Pegaga gas field, aiming to produce gas by the third quarter of 2021, Abu Dhabi-based Mubadala said on Wednesday.
The project in Block SK320, located in the Central Luconia province, offshore the East Malaysian state of Sarawak, will now proceed to the construction and installation stage, the company said in a statement.
Mubadala is the operator of the block with a 55 percent share while Petronas Carigali holds a 25 percent interest and Sarawak Shell holds 20 percent.
May 19, 2018
Deadline 2018-03-15, FMT:
State rights activist Zulfaqar Sa’adi has voiced concern over the possibility that the federal government will eventually claim to be the rightful owner of oil and gas resources belonging to Sarawak.
Speaking to FMT, he said he feared that Putrajaya would interpret its right of sovereignty over the states of the federation as meaning that it could claim property rights as well.
That would be erroneous, he said, citing Section 75 of the Malaysia Agreement 1963 (MA63) and Article 12 (1) of the Sarawak constitution.
He said the documents explicitly showed that lands, including those covered by water, as well as everything attached to them, were state property.
May 18, 2018
Dateline 2018-03-05, The Edge:
Petroliam Nasional Bhd (Petronas) is set to increase its capital expenditure for the first time in three years on the back of the recovery in oil prices and its ongoing cost-efficiency drive that boosted profit in 2017 to a level not seen since 2013.
Petronas will spend “around RM55 billion” this year on capex with a higher commitment to upstream development. The national oil firm spent RM44.5 billion on capex in 2017 — down 11.7% from 2016 — with a focus on the downstream sector.
“We are in a stronger position to execute our long-term growth strategy,” president and CEO Tan Sri Wan Zulkiflee Wan Ariffin — better known as Wan Zul — told reporters at the group’s 2017 results briefing last week.
May 17, 2018
Isn’t this kinda low on the scale of rates for bribes in O&G? And why aren’t they releasing names?
Dateline 2018-03-11, Malay Mail:
The magistrate’s court here today extended the remand order of an oil and gas company engineer by four days, beginning tomorrow, to facilitate investigations into alleged soliciting and accepting bribes amounting to RM361,000.
Magistrate Mohd Dinie Syazwan Ab Syukor allowed the remand extension until March 15 after the Malaysian Anti-Corruption Commission filed an application in relation to the matter.
At the same time, the magistrate allowed the suspect’s wife to be released on a RM30,000 bail in one surety.