Another day, another visit to the Twin towers. Client offices were above the 41st floor, so had a photo opportunity here.
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Posted by Wata
Dateline 2012-10-17:
A THREE-PRONGED approach must be taken to sustain the country’s oil, gas and energy sector.
Oil, Gas and Energy (OGE) and Financial Services in the Perfor-mance Management and Delivery Unit director Dr Mohammed Emir Mavani Abdullah said the sector played a crucial role to the nation’s economy, contributing 20% to the growth domestic product.
However, he said sustainable effort had to be taken as the oil and gas industry had seen a declining trend in its production since 1990’s.
“We need to take a three-pronged approach to sustain the industry.
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Dateline 2012-10-17:
The RM7.2 billion received by Sabah for the past 40 years, being the 5% oil royalty payment under an agreement to extract the commodity from the state and its waters, is a major rip-off for the Sabahans, Kota Kinabalu MP Hiew King Cheu said today.
“The Sabahans’ demand for an increase in oil and gas sharing is understandable and this figure [of RM7.2 billion] is solid proof that the wealth of the Sabahan is exploited and being siphoned away.
“We did not enjoy the wealth provided by mother earth; instead we ended up with plenty of hardship, poverty, no development, and poor economy. Many other oil-producing countries are rich, but Sabah has remained a poor state,” he said.
He was commenting on Prime Minister-cum-Finance Minister Najib Tun Razak’s reply to a question raised by him in Parliament recently.
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Leave a Comment » | Malaysia, Malaysian election, oil and gas | Tagged: royalty, Sabah | Permalink
Posted by Wata
You know which box to tick.
Dateline 2012-10-05:
PKR said today it plans to scale down Petronas’ RM60 billion petrochemical project and move it from Pengerang in Johor to Kertih in Terengganu if it wins in the coming general election.
Critics of the controversial Refinery and Petrochemicals Development (RAPID) project have said that it will cause thousands of villagers in Pengerang to lose their homes and livelihoods.
“Why (do we) need to take the land of villagers in Pengerang when we have enough land in Kertih?” Wong Chen, PKR’s chairman of investment and trade bureau, asked at a press conference at the party’s headquarters here.
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Leave a Comment » | Malaysia, Malaysian election, oil and gas | Tagged: Kertih, Pengerang | Permalink
Posted by Wata
The Oil, Gas and Mining Technical Division AGM will be held at 3rd Floor, TUS lecture room, Wisma IEM, 21 Jalan Selangor, Petaling Jaya.
It will be held at 11am on Saturday, 10th November 2012.
Flyers for the above and other events may be obtained here. A map to Wisma IEM is presented here.
Since I’m the Chairman, come, y’all and heckle us.
Leave a Comment » | Chemical, engineering, Malaysia | Tagged: AGM, OGMTD | Permalink
Posted by Wata
Dateline 2012-10-01:
Demands for increased royalty to be paid to oil-producing states will cause both a drop in tax collections and profits for government-owned firm Petronas, Umno lawmaker Khairy Jamaluddin said today.
“We understand demands from states such as Kelantan but we have to think of the financial implications when we talk about increasing royalty,” the Rembau MP said in Parliament.
The Barisan Nasional (BN) and Umno Youth chief said it was “not so easy” as the tax collection from such states will be affected.
He also said that increasing the oil royalty will cause a drop in Petronas’s returns.
Dividends from the state oil firm currently account for over 40 per cent of the federal government’s revenue.
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Leave a Comment » | Malaysia, Malaysian election, oil and gas | Tagged: Kelantan, Petronas, royalty | Permalink
Posted by Wata
C’mon. Buy my recommendations, or through my Amazon store. Where are those corporate sponsors? Or throw donations at me.
Eid Mubarak, all.
If you need my help to submit your CVs, donate to the blog, and I’ll review your CV to see if it is worthy of my (and my associates’) expectations. If you can’t figure out how to donate, no need to ask.
May I suggest that readers try Bluestacks? Run your Android apps on your Windows tablet, so you can buy that Win8 tablet (and buy me one) without worrying you won’t have anything to play on it!
Support your local bookshop! Bookalicious at The Summit Subang is a good choice. I think they focus on trilogies, quadrilogies, and other ologies. Tell them I sent you, and enjoy the look of perplexity on their faces. Those of you who have dropped my name, thanks!
With all the unfortunate accidents happening in Malaysian waters lately, I think a selection of safety books is in order:
Functional Safety, Second Edition: A Straightforward Guide to Applying IEC 61508 and Related Standards, Layer of Protection Analysis: Simplified Process Risk Assessment (Camino del Sol), Safety Critical Systems Handbook: A STRAIGHTFOWARD GUIDE TO FUNCTIONAL SAFETY, IEC 61508 (2010 EDITION) AND RELATED STANDARDS, INCLUDING PROCESS IEC 61511 AND MACHINERY IEC 62061 AND ISO 13849
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: Bluestacks, Bookalicious, Emas, Synergy | Permalink
Posted by Wata
Dateline 2012-10-03:
After years of dispute, the Kelantan government is one step closer to resolving the long-standing oil royalty issue after the Federal Court today finally allowed the PAS-led state to ask state oil firm Petronas crucial questions on points of law related to its demand for payment.
A five-man Bench led by Court of Appeal President Tan Sri Md Raus Shariff awarded leave to Kelantan this morning as neither Petronas nor the federal government objected to the application.
..
Leave a Comment » | Malaysia, Malaysian election, oil and gas | Tagged: Kelantan, Petronas | Permalink
Posted by Wata
Dateline 2012-09-29:
THE oil and gas (O&G) industry saw several incentives announced by Prime Minister and Finance Minister Datuk Seri Najib Tun Razak in the form of tax exemptions, investment tax allowance and tax incentives.
Najib said in his budget speech that these measures were aimed at enhancing the country’s capability, particularly in providing an ecosystem to support the development of the chain of refining, storage and trading of O&G.
The Government announced that a 100% income tax exemption for a period of 10 years, exemption of withholding tax and exemption of stamp duty would be given to public-private partnership projects in the development of the O&G industry.
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Posted by Wata
Dateline 2012-09-26:
Six Sabahan businessmen filed a suit at the High Court here, Tuesday, seeking to declare the Petroleum Agreement between the Sabah State Government and Petroliam Nasional Berhad (Petronas) signed on June 14, 1976 ultra vires as well as null and void.
Lahirul Latigu (first plaintiff), Mohd Julpikar Ab Mijan (second plaintiff), Zainal Ajamain (third plaintiff), Joseph Wilfred (fourth plaintiff), Duli @ Dullie Mari @ Marie (fifth plaintiff) and Michael Peter Govind @ Mike Govind (sixth plaintiff) named Petroliam Nasional Berhad as the first defendant and the Sabah State Government as the second defendant.
The businessmen were also seeking a declaration that the Petroleum Development Act, in so far as it applies to the agreement dated June 14, 1976 between the first defendant and the second defendant is ultra vires null and void.
They are claiming for damages to be assessed, cost plus statutory interest and other relief deemed fit by the High Court.
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Leave a Comment » | Malaysia, Malaysian election, oil and gas | Tagged: Sabah | Permalink
Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 