Dateline 2019-06-13, FMT:
The federal government has formed a special joint committee to ensure that crude palm oil (CPO) prices will remain stable when Malaysia introduces B20 biodiesel fuel next year.
The joint committee is headed by the primary industries ministry and consists of the finance and international trade and industry ministries and the Prime Minister’s Department.
B20 biodiesel fuel is a blend of 20% palm methyl ester and 80% petroleum diesel.
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Why? Isn’t Repsol and Hibiscus slinking round there? And there are newcomers everywhere, thank you.
Dateline 2019-06-13, Borneo Post Online:
Petronas has been urged to help Sabah oil and gas (O&G) contractors to grow as they are newcomers, thus unable to compete with other more established companies from Peninsular Malaysia and Sarawak.
Upko Youth chief Felix Saang said that Sabahan oil and gas players are new in the industry compared to their counterparts in the peninsula and Sarawak, thus they need to be given priority until they grow ‘big’ enough to compete on a level playing field.
Speaking to reporters after attending central Upko Youth Exco meeting here recently, he said he was informed many Sabahan oil and gas contractors were in limbo now as they were trapped in a difficult situation whereby they need experience and size before being able to bid for contracts while at the same time, they need contracts in order to gain experience and grow big.
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Dateline 2019-06-11, Malay Mail:
Prime Minister Tun Dr Mahathir Mohamad said today the federal government is still “collecting data” for the planned targeted fuel subsidy, with just one month left to its own July deadline.
Earlier this year, the Pakatan Harapan (PH) administration said it expected to roll out the system by July 1, amid scepticism from both experts and the public due to the complexities of targeted subsidies.
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And China has a base in North Sarawak.
Dateline 2019-06-10, The Star:
A proposed integrated oil and gas complex in Lawas will help boost development in Sarawak’s northern region, says Datuk Patinggi Abang Johari Tun Openg.
The Chief Minister said the US$5bil (RM20.8bil) project by China’s Beijing Beca Sci-Tech Co Ltd and Sinopec Engineering Incorporation would create jobs and spread development to the area.
“This will be a game changer for northern Sarawak, particularly Lawas and Limbang.
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Nuclear and renewable.
Dateline 2019-06-09, Malay Mail:
Edra Power Holdings Sdn Bhd plans to set up an international institute in Malaysia to cultivate local talent in renewable energy under the aegis of its parent company, China General Nuclear Power Corporation (CGN).
It will be one of eight such training institutes in CGN’s active exploration for international talent training methods to support its worldwide operations.
“CGN Energy International Institute (CGNEI) is CGN’s platform for overseas clean energy. It will centre on Malaysia and spread to countries along China’s Belt and Road initiatives like Europe and America to utilise CGN Group’s 40 years of training expertise and resources, combining talent cultivation best practices of each regional companies and supporting CGN’s global clean energy development,” said CGN University Executive Vice President Zhang Guo Qiang.…
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Oil & Gas Engineers never forget.
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Dateline 2019-06-08, The Star:
THE first three months of the year have been the best quarter for oil traders in recent years. Vitol, which is the largest independent energy trader in the world with 350 partners spread across the globe, made a clean profit of US$600mil (RM2.48bil) in the first quarter from the trading of oil.However, repeating the feat would be difficult.
Even the most seasoned of oil traders feel that oil would be volatile in the next few months and predicting the direction of the market is rather complicated.
The top trader in London-based Merchant Commodity Fund, Doug King, has described the oil market as greatly uncertain because traders are grappling with the dynamic forces of supply and demand.
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Is this renewable energy?
Dateline 2019-05-27, Malay Mail:
Sarawak is poised to become a world exporter of hydrogen following the launch of Southeast Asia’s first integrated hydrogen production plant and refuelling station here today.
Chief Minister Datuk Patinggi Abang Johari Openg said a potential overseas investor had shown interest in setting up a plant to produce hydrogen here and buy the product back to replace nuclear power in their country.
“I cannot reveal the details yet because negotiations are still on and there is a possibility of Sarawak becoming a world exporter of hydrogen that will give extra revenue to power our economy in the long run,” he told reporters after the launch of the plant and refuelling station being undertaken by Sarawak Energy, an energy development company, in collaboration with Linde EOX Sdn Bhd, a subsidiary of Linde Malaysia.
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Dateline 2019-05-23, NST:
The Domestic Trade and Consumer Affairs Ministry has almost completed its final preparations to introduce the fuel subsidy mechanism for the low-income, or B40, group.
Its minister Datuk Seri Saifuddin Nasution Ismail said the ministry was looking for an appropriate window for its implementation before presenting it to the Cabinet.
“All our preparations and research on the mechanism are almost done. We are now looking at the right time for the programme implementation before bringing it to the Cabinet to share the mechanics and the process,” he said.
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For safety, at which point does/did innovation in safety features reach peak ALARP, and now O&M has to bear the flag?
Dateline 2019-05-23, The Borneo Post:
Prime Minister Tun Dr Mahathir Mohamad says the oil and gas (O&G) industry remains volatile and therefore, it crucial that Malaysia continues to highlight its potential in the oil, gas and energy (OGE) sector while keeping up-to-date with the latest innovation and technology to strengthen its position.
He said this in his support message for the upcoming Asian Oil, Gas & Petrochemical Engineering Exhibition (OGA) series which will be returning next month to showcase the latest cutting-edge technology and the most innovative companies/individuals in O&G industry.
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