Dateline 2022-06-05, FMT:
Former Sapura Energy Berhad CEO Shahril Shamsuddin, upset with remarks by Rafizi Ramli, has taken the former Pandan MP to court.
Rafizi had issued the statements because he disagreed with Najib Razak’s suggestion on March 21 that the government inject funds to save Sapura Energy.
He said he would defend his remarks about Shahril’s remuneration in court, adding that what he had said was to “protect public interest”.
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Malaysian election, oil and gas | Tagged: Rafizi Ramli, Sapura Energy, Shahril Shamsuddin | 
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Posted by Wata
Oo, looks like another 1MDB in the making, how do I get in at the ground floor?
Dateline 2022-06-04, Malay Mail:
Terengganu has undergone a rapid development transformation process with the implementation of various types of projects worth hundreds of millions of ringgit, said Prime Minister Datuk Seri Ismail Sabri Yaakob.
He said the oil and gas industry, especially in Kerteh and Kemaman, was the backbone of the Terengganu economy, which not only attracted many foreign investors but also increased local employment opportunities.
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Leave a Comment » | Malaysian election, oil and gas | Tagged: Kemaman, Kerteh, terengganu | Permalink
Posted by Wata
Yup, I and some of my fellow OGSE seem to have been set adrif, ala USS Indiapolis. At least the sharks just ate you, not toy with you.
Dateline 2022-06-03, The Edge:
Given the high crude oil prices at above US$90 per barrel, not all domestic oil and gas (O&G) companies made handsome profits in the first quarter of 2022 (1Q22), although an increasing number of analysts have turned optimistic on the sector’s prospects ahead.
A random check on 35 O&G-linked companies by The Edge revealed that 23 companies or 66% of them posted year-on-year growth while 22 or 63% posted quarter-on-quarter improvements. However, 12 companies or 34% were still loss making in the quarter.
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Posted by Wata
Dateline 2022-05-30, FMT:
I say we go for Rolls Royce mini fusion (or fission) plants.
The government is aiming to achieve 40% renewable energy capacity by 2035 with a focus on green energy, including solar, hydro, and bio energy.
This aim, as outlined in the Malaysia Renewable Energy Roadmap (MyRER), is noble and progressive.
The reality is that while renewable energy is the buzzword for governments, NGOs, and climate change experts alike, it is not a new concept in Malaysia.
For many years, the government has supported efforts to increase renewable energy uptake in Malaysia.
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Posted by Wata
Our children are still screwed.
Dateline 2022-05-26, The Star:
The Sarawak government is conducting a climate change policy study with a view to developing strategies for a significant reduction of greenhouse gas emissions in the state.
Deputy Premier Datuk Amar Awang Tengah Ali Hasan said it would also help the state draw up low-carbon society blueprints for its cities and towns.
“It will also include adaptation strategies to address climate change phenomena such as floods, droughts and threats to biodiversity,” he told the state assembly in his winding-up speech on Thursday (May 26).
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Leave a Comment » | Renewable Energy | Tagged: Awang Tengah Ail Hasan, Sarawak | Permalink
Posted by Wata
Can be retitled as ‘I told you so’.
Dateline 2022-05-26, The Edge:
Serba Dinamik Holdings Bhd said on Thursday (May 26) that it received a writ of summons from Malaysian Trustees Bhd on May 18.
The company was responding to a Bursa Malaysia query seeking clarification on The Edge’s story entitled: “Serba Dinamik slapped with suit seeking repayment of RM100m after defaulting on debt papers”.
In a filing with Bursa on Thursday, the oil and gas service provider reiterated that it is taking steps to procure the support of Malaysian Trustees regarding the application for a court-convened meeting of its creditors and the application for a restraining order to be granted over the company.
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Posted by Wata
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