Extract from “Tuah Jebat” – Warisan Perintis

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.

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Petros takes over control of Sarawak gas from Petronas

April 6, 2020

Dateline 2020-02-12, FMT:

Sarawak now has full control and authority over the supply, sales and distribution of natural gas within the state following an agreement signed between state-owned Petroleum Sarawak Berhad (Petros) and Petronas today.

Deputy Chief Minister Awang Tengah Ali Hassan is hopeful that the state would now be able to attract more investors, adding that in the past, Sarawak had missed many investment opportunities due to insufficient gas supply.

He said as a result, the state government was previously left with no choice but to “beg” from Petronas and even wrote to the prime minister for more gas supply.


Malaysia won’t use nuclear power, says PM

April 5, 2020

I’m confused, which PM are they talking about?

Dateline 2020-02-10, NST:

Malaysia will not use nuclear power as a renewable energy source as the country’s knowledge in the field is inadequate, said Prime Minister Tun Dr Mahathir Mohamad.

He said to date, the world has yet to find the best and safest way to dispose of radioactive waste generated.

“If you have a nuclear power plant, you will accumulate nuclear waste, which is radioactive, and until now they do not know how to reverse the process.


CM optimistic O&G industry in Sarawak will thrive, help boost economy

April 4, 2020

Kejap, JX Nippon recent set up an office in Miri?

Dateline 2020-02-04, Borneo Post:

Chief Minister Datuk Patinggi Abang Johari Tun Openg is optimistic that the oil and gas (O&G) industry in the state, particularly Miri as the O&G hub, will thrive and help boost the state’s economy.

In referring to the setting up of a new office by a Japanese company JX Nippon Oil and Gas Exploration (Malaysia) in Miri recently, Abang Johari said that it is a good sign as it shows that the oil and gas industry players are slowly coming back to Miri.


O&G index hit by coronavirus outbreak, lower oil prices

April 3, 2020

For the historical record. And I did not know there is a Bursa Malaysia Energy Index.

Dateline 2020-02-05, The Malaysian Reserve:

BURSA Malaysia Energy Index, which tracks oil and gas (O&G)-related 6stocks on the local exchange and is highly correlated to energy prices, is downtrending as oil prices trade between US$50 and US$55 (RM226.05) a barrel levels on expectations of lower global oil demand due to the coronavirus (nCoV) outbreak in China.

The index closed slightly lower, down 0.07% to 1,146.40 points. In the past five days, the index has been down 5.72% and 9.31% lower in the past 30 days.


Federal Constitution empowers Sarawak to impose state sales tax, court told

April 2, 2020

Dateline 2020-02-04, FMT:

The Federal Constitution does not limit the powers of the Sarawak legislature on the type of goods to be subjected to state sales tax, Sarawak legal counsel JC Fong said today.

Submitting at the hearing of Petronas’ judicial review application against the state sales tax in the High Court here, Fong said Article 95B(3) did not restrict or limit the range of goods that may be subject to state sales tax.

“It is not for the judges who are not legislators to make the law or rewrite the constitutional provision,” he said.


Hess, Petronas deliver first gas from North Malay Basin

April 1, 2020

Dateline 2020-02-04, Yahoo News:

Hess Malaysia said it and partner Petronas Carigali delivered first gas from Phase 2 of the North Malay Basin Integrated Gas Development Project on schedule.

Delivery of first gas expected to come onstream in April 2020.

Hess Malaysia is moving forward with Phase 3 of the North Malay Basin development, with first gas planned for the fourth quarter of 2021.

North Malay Basin, located off peninsular Malaysia in the Gulf of Thailand, holds more than 1.5 trillion cubic feet of natural gas and more than 20 million barrels of condensate, according to Hess Malaysia.


Invest more on workforce, O&G players encouraged

March 31, 2020

Dateline 2020-02-04, Borneo Post:

The oil and gas (O&G) industry players should consider investing continuously into their workforce through training and retraining, in view of today’s challenging landscape.

In this regard, Minister of Transport Datuk Lee Kim Shin believes that the economic prospects in Miri as far as O&G is concerned are ‘looking brighter’, with tens of millions of ringgit worth of investments being injected into projects.

As such, he sees the need to revitalise the industry, where there is a high demand for workforce.