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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Visit here and buy books so I have some spending money.


Sabah, Petronas ink historic agreement on oil and gas development

January 14, 2022

Dateline 2021-12-07, FMT:

The Sabah government and Petronas today signed a Commercial Collaboration Agreement (CCA) to further enhance the collaboration between the two parties in developing the oil and gas industry in the state.

The signing ceremony was held in the state capital and was witnessed by chief minister Hajiji Noor and Petronas chairman Mohd Bakke Salleh.


FEED contracts for nearshore LNG project in Sabah

January 13, 2022

Tell me why nearshore is a specific thang?

Dateline 2021-12-01, Upstream:

Malaysian state-run oil and gas giant Petronas has dished out two front-end engineering and design contracts for a nearshore floating liquefied natural gas project in Sabah, East Malaysia.

Petronas revealed on Wednesday that it had awarded FEED contracts on the project to Italy’s Saipem as well as to a consortium involving Japan’s JGC and South Korea’s Samsung Heavy Industries.


Consumers in Malaysia Can Buy Renewable Energy Paying Green Electricity Tariff

January 12, 2022

I guess saving the earth comes with a premium. Help ssave the earth for my children, and your if you must.

Dateline 2021-11-30, Mercom:

Malaysia’s residential, commercial and industrial consumers who wish to reduce their carbon footprint can opt for energy generated from renewable power sources by paying Green Electricity Tariff (GET).

The Energy and Natural Resources Ministry (KeTSA) has said that the program will be open from December 1, 2021. The consumers will begin receiving green electricity under the program from January 1, 2022.

With the implementation of the GET program, consumers will have an option to purchase low-carbon electricity without owning rooftop solar or other renewable energy projects.


Another discovery: PTTEP hits pay once again offshore Malaysia

January 11, 2022

Dateline 2021-11-30, UO:

PTTEP has scored another exploration success offshore Sarawak, Malaysia, with its second consecutive discovery well in Block SK417.

The first discovery well — Dokong-1 — was announced in February, hitting more than 80 metres of pay in a gas column.

Provisional results of the second well — Nangka-1 — were announced on Tuesday by the Malaysian national oil company Petronas which partners PTTEP in SK417 with a 20% interest.


Malaysia’s Petronas discovers gas in Nangka-1 wildcat exploration well

January 10, 2022

Dateline 2021-11-30, Reuters:

Malaysia’s state oil agency Petronas (PETR.UL) said on Tuesday it had discovered gas in its Nangka-1 wildcat exploration well in Block SK417, located in the shallow waters of Baram Province.

“The Nangka-1 well was successfully drilled to a total depth of 3,758 metres in September 2021. The sweet gas was discovered in the Middle to Late Miocene Cycle VI clastic reservoirs, further validating the hydrocarbon potential in the surrounding areas,” the company said in a release.


Oil royalty has nothing to do with territorial waters, Zaid tells finance minister

January 7, 2022

Dateline 2021-11-29, FMT:

 Oil royalty payments depend on agreements between states and the federal government and have nothing to do with territorial waters, said former minister Zaid Ibrahim.

The former law minister said this in response to finance minister Tengku Zafrul Aziz’s remarks that there would be no oil royalty payment to any state in the peninsula, including Kelantan.

In a written reply to the Dewan Rakyat, Tengku Zafrul had said although petroleum production was being carried out close to Kelantan, it was taking place outside the state’s waters. He added that Kelantan would continue to receive “wang ehsan” (goodwill payment) for petroleum produced off its coast.


5% oil royalty is the agreement, not ‘wang ehsan’, says Ku Li

January 6, 2022

And history repeats itself, I think it was the exact same quote back then.

Dateline 2021-11-29, FMT:

There is no such thing as the payment of “wang ehsan” (compassionate money) to states under the Petroleum Development Act, says Tengku Razaleigh Hamzah, founding chairman of Petronas.

The veteran politician said the agreement between Petronas and the respective state governments was for the oil company to pay the states 5% in cash payments in exchange for them vesting their hydrocarbon or oil and gas rights in Petronas.

There was no mention of any wang ehsan in the Act’s vesting deed, he maintained, while the 5% figure came out of calculations performed by former Sarawak chief minister Abdul Rahman Ya’kub, which was jointly agreed upon by the states and Petronas.


Kelantan disappointed with ‘no oil royalty’ decision

January 5, 2022

Dateline 2021-11-26, FMT:

The Kelantan state government has expressed disappointment with Putrajaya’s confirmation that Petronas will not be paying any oil royalty to the state.

Finance minister Tengku Zafrul Aziz had said yesterday that there will be no oil royalty payment to any state in the peninsula, including Kelantan.

He said Kelantan would continue to receive “wang ehsan” (goodwill payment) for petroleum produced off its coast.

Kelantan deputy menteri besar Mohd Amar Nik Abdullah said Tengku Zafrul’s announcement, which was published in HarakahDaily, was shocking.


Petrofac wins Petronas gas plant contract

December 9, 2021

Dateline 2021-11-18, The Chemical Engineer:

PETROFAC has been awarded a US$96m contract by Petronas to build a new gas plant onshore at Tanjung Kidurong in Bintulu, Malaysia.

The engineering, procurement, construction and commissioning (EPCC) contract is for a new 390m ft3/d plant known as the Bintulu Additional Gas Sales Facilities 2. The development includes a process and utilities unit, effluent treatment unit, metering skid, fire water tank, pumps, flare system and main substation building. It will also conduct brownfield modifications and tie in with the existing plant located in Bintulu, Sarawak.  


Advantages of Malaysia not exporting renewable energy

December 8, 2021

Dateline 2021-11-18, The Malaysian Reserve (2021 vintage):

THE government is allowing only non-renewable energy (non-RE) exports to Singapore and not allowing private power sales.

There is justification in this as Malaysia could gain by way of foreign direct investments (FDIs), increased job opportunities, competitive advantages and benefits to local RE players.

This decision is both logical and pragmatic as it will benefit Malaysians in what is an environmentally friendly way of living.