Ministry says no plans yet to review fuel commission rate

May 27, 2018

I guess this go derailed, huh?
Deadline 2018-03-01, Malay Mail:

The Ministry of Domestic Trade, Cooperatives and Consumerism has no plans yet to review the fuel commission rate for petrol station operators and will wait until after the 14th General Election to decide on the matter, says its minister Datuk Seri Hamzah Zainudin.

“The current system is well received by the public and we do not intend to make any changes now.

“I have received the memorandum from the Bumiputera Petrol Dealers Association (Bumipeda) have met up with them,” he told reporters after attending a feast at Kampung Tapah, Selama near here today.

 


Malaysia’s nuclear power plants dream far from definite

March 20, 2018

Shucks, I had a gamma ray chamber all set up, and Dr. Horrible was going to preside the opening.

Dateline 2018-02-08, Malaysian Reserve:

Malaysia is unlikely to put into motion any concrete plans to build the country’s first two nuclear power plants before 2030.

Minister in the Prime Minister’s Department Datuk Seri Nancy Shukri said the government is not expected to commit to the 2030 target due to the complexity of the issue and the need for a detailed study before such implementations.

“We also do not want to panic the public. At the same time, the government wants to learn more (about the technology) before embarking on it,” she told The Malaysian Reserve in a recent interview.

Malaysia had initially planned to commission the country’s first and second nuclear plants in 2021 and 2022 respectively, as outlined under the Economic Transformation Programme.


MPs petition Petronas to quit Myanmar over treatment of Rohingya

December 21, 2017

Y’all oilers, where do you stand? This isn’t related to Malaysia waters, but a news item that should put you on a side of the fence. Anyhow, go give support. Now. Run.

Dateline 2017-11-08, FMT:

Forty-seven opposition MPs have petitioned Petronas urging the national oil corporation to pull out from Myanmar until its government recognises the rights of the Rohingya.

PKR’s Pandan MP Rafizi Ramli, who spoke for the group, said they had written to Petronas chief executive officer and president Wan Zulkiflee Wan Ariffin seeking a meeting to discuss the issue.

“Petronas has invested in several projects in Myanmar. However, only the Yetagun gas field in the Andaman Sea is in production.

“Petronas took up a stake in the project after an American investor withdrew,” he told a news conference in Parliament today.

 


Brighter prospects ahead for the oil and gas sector

December 12, 2017

I have been reliably informed that SOGEC is not related to MOGEC, or MOGSC. Lesson learnt: go register trademarks before someone beats you to the punch.

Dateline 2017-10-28, NST:

The government has done much to ensure people in the four oil and gas producing states in Malaysia are actively involved in the sector.

Sabah Oil and Gas Services Council vice chairman Datuk Albert Boyou said a review of the royalty would do no harm but there is more that can be tapped from the industry.

In Sabah Chief Minister Tan Sri Musa Aman has been instrumental in pushing for greater participation in the oil and gas sector through Petronas as well as provide opportunities for more people in the state, he said.

“Previously this was hardly the case and opportunities in the sector were hard to come by,” he said adding this was evident with the development of the many major projects that came since Musa took office in 2003.

Key developments in the state include Sabah Oil and Gas Industrial Park (SOGIP) which has attracted RM11 billion in investments, Sabah Oil and Gas Terminal (SOGT) in Kimanis as well as the 500km Sabah, Sarawak Gas Pipeline (SSGP) that links Bintulu, Sarawak.


How Much Lower Do Malaysians Want Petrol Price To Be Before They Are Happy?

November 28, 2017

Dateline 2017-10-12, Malaysian Digest:

This week Malaysians were greeted with news of petrol pump prices finally going down 3 sen after seeing consecutive weeks of upward trend.

The most common complaint when prices keep inching upwards is that our country produces oil so it is our right to enjoy cheap petrol.

Is this really the case?

Political analyst Lim Sian See (LSS) sought to give Malaysians the big picture into how much or too little that we fork out for petrol.

In a recent posting on LSS Report  LSS highlights four key points that Malaysians need to understand about our petrol prices.

Firstly, is that due to long term government subsidies, our petrol price is far behind the current inflation rate.

 


CIA document reveals true intention of Malaysia formation

November 25, 2017

Linkbait. What other CIA documents have you uncovered today?

Dateline 2017-10-04, FMT:

A declassified CIA document, entitled “Implications of dispute over Sarawak continental shelf”, has raised questions on the formation of Malaysia and oil and gas reserves belonging to Sabah and Sarawak.
Sarawak activist Zulfaqar Sa’adi told FMT the document had exposed the real story of what happened in 1969 when Sarawak lost its territorial waters and with it, rich natural resources to the federal government.

The five-page document was believed to have been written in the weeks leading up to the day when the Continental Shelf Act 1966 was extended to the Bornean states.


Sarawak sets sail for O&G push

October 31, 2017

Dateline 2017-09-16, Borneo Post:

AS Sarawak ushers in Malaysia Day, it is a crucial to remember its first milestone in the oil and gas (O&G) industry, which started in Miri 107 years ago.

The first Sarawak Oil Mining Lease was signed by Rajah Charles Brooke in London in 1909, followed by the send-off by Shell of its senior geologist Dr Josef Theodor Erb and former Baram Division Resident Dr Charles Hose to Miri in 1910.

The first exploratory well was drilled on Aug 10, 1910 using an oil rig engineered by a Canadian named McAlpine – the factor contributing to the place being named ‘Canada Hill’.

Oil flowed out two months later.

Sarawak Oilfield Ltd – a subsidiary of the Shell/Royal Dutch Group – was established to run the operations from Lutong. It was renamed Sarawak Shell Oilfield Ltd and later, Sarawak Shell Bhd – marking the company’s long association with Sarawak.