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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Experts divided on special dividend payment from Petronas

February 14, 2019

Dateline 2019-02-04, FMT:

An economist has urged the government to review its special dividend payment from Petronas, saying it may affect the state oil firm’s capital expenditure programmes.

Yeah Kim Leng, a professor of economics at Sunway University, suggested that the government consider other revenue sources such as the monetisation of assets instead of Petronas reserves which may suffer due to the low oil prices.

“If Petronas is unable to carry out its capital expenditure programmes, it may attract negative ratings from international credit rating agencies,” he added.


Diving Komodo 2018-11 8 of 8

February 13, 2019

Petronas denies preferential treatment, lodges report

February 12, 2019

Dateline 2019-01-31, Borneo Post:

Petroliam Nasional Bhd (Petronas) yesterday denied allegations in a blog post and online site that the it gave preferential treatment to certain companies.

An online site alleged that Petronas gave preferential treatment to an oil and gas upstream services provider.

In a statement, Malaysia’s fully integrated oil and gas company said it had filed reports with relevant authorities in regards to the posting and would leave the matter to the authorities for their further action.

“With reference to malicious allegations contained in a post in an unverified online site, Petronas wishes to state, in the strongest terms, that the allegations are unsubstantiated and untrue.


Analysis: Malaysia’s RAPID to boost Asia’s product supply and Saudi crude oil flows

February 11, 2019

Dateline 2019-01-23, S&P Global:

The start-up of the 300,000 b/d Refinery and Petrochemical Integrated Development, or RAPID, project in Malaysia will boost Asia’s refining capacity growth in 2019, increase Saudi crude inflows to the region and add to the supply of refined petroleum products.

The RAPID facility, operated by Pengerang Refining and Petrochemical or PRefChem, a joint venture between state-run Petronas and Saudi Aramco, is among the largest greenfield oil refineries to start operations in Southeast Asia in recent years, supplementing the existing refining hub in adjacent Singapore.


Miri, the ‘Oil Town’ Malaysia left behind

February 10, 2019

Dateline 2019-01-22, Sarawak Tribune:

The first oil well in Sarawak was drilled here in 1910 and led to the town’s initial development by Royal Dutch Shell and became an administrative centre in 1929.

During the Second World War, the Japanese came here for its oil. The fighting and air raids left much of it destroyed.

The presence of the oil industry, of course, ensured that Miri town was rebuilt.

To those who have not been here, Miri being an oil town might conjure up some elements of a place overflowing with wealth, magnificent infrastructure and plentiful of everything for all its citizens.


Hengyuan Refining approves unit for Malaysian refinery

February 9, 2019

Dateline 2019-01-21, Oil & Gas Journal:

Hengyuan Refining Co. Bhd. (HRC)—a subsidiary of Shandong Hengyuan Petrochemical Co. Ltd.—has approved a $66.4-million investment to develop and build a hydrogen manufacturing unit as part of a hydrogen generation (H2Gen) project for production of cleaner fuels at its 156,000-b/d refining complex in Port Dickson, Negeri Sembilan, Malaysia.

Approved on Jan. 16, the primary objective of the H2Gen project is to supply the refinery with 30 tonnes/day of hydrogen for hydrotreating processes aimed at reducing sulfur content of the operator’s gasoline and diesel products, HRC said.


Govt in bid to recover RM3.5 billion for Sabah’s incomplete pipeline project

February 8, 2019

Trying being the key word.

Dateline 2019-01-19, FMT:

Putrajaya is currently trying to recover the money it has already paid to the company contracted to build the Trans-Sabah Gas Pipeline (TSGP) project.

Minister of Energy, Science, Technology, Environment and Climate Change Yeo Bee Yin said the company was paid 84% of the total cost of the project worth RM4 billion, but the project progress was only recorded at 14%.

“We have two options at the moment. Either to recover the fund which was paid prematurely or to carry on with the project,” she told reporters today after attending a briefing by indigenous empowerment group Pacos today.