Dateline 2013-09-03, NST:
WASTEFUL: Malaysians are not energy efficient and prone to abuse the low price of electricity
TENAGA Nasional Berhad (TNB)has dropped a hint that the electricity tariff in Malaysia in likely to be revised next year, citing the higher cost of fuel in recent years.
The recent statement by TNB’s president and chief executive officer suggests that the company is looking into increasing the power tariff while stressing that it will not burden households.
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Malaysia, Malaysian election | Tagged: bill, tariff, TNB | 
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Posted by Wata
Visit here for some energy saving tips.
Dateline 2013-08-30, The Star:
Electricity bills are likely to go up as the Government is expected to reduce subsidies for natural gas in its bid to improve Malaysia’s fiscal position.
“The subsidy bill for the power sector has been creeping up … if the Government doesn’t do anything, the subsidy bill would go higher and higher,” MyPower Corpchief executive officer Datuk Abdul Razak Majid said at a media briefing yesterday.
The last electricity tariff hike took effect in June 2011 when the subsidised gas price was raised to RM13.70 per million metric British thermal unit (mmbtu) from RM10.70 per mmbtu previously.
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Posted by Wata
Wonder when LNG will get off my radar? And I guess I better treat Nigerians better than I usually do.
Dateline 2013-08-26:
Petroliam Nasional Bhd (Petronas), Malaysia’s state-owned oil and gas producer, is sending the Seri Bijaksana to load a spot cargo of liquefied natural gas in Nigeria, a company official said.
The shipment was sold last week as part of Nigeria LNG Ltd’s tender to sell two September-loading cargoes, according to the official, who asked not to be named because he isn’t authorized to speak to the media.
The tanker, which has a capacity of about 153,000 cubic meters, will arrive tomorrow at Nigeria LNG’s Bonny Island terminal, according to ship transmissions captured by IHS Fairplay on Bloomberg. Deliveries from Nigeria LNG, Africa’s biggest exporter of the fuel, resumed July 26 after the company lifted a force majeure.
Leave a Comment » | investment, Malaysian election, oil and gas | Tagged: LNG, Nigeria | Permalink
Posted by Wata
That’s because when gas is bought at market rates, the cost is passed on to the voters.
Dateline 2103-09-23, from Sin Chew Jit Poh:
HwangDBS Vickers Research, which maintained a buy call on Petronas Gas Bhd, expects a stronger second half this year led by the maiden contribution from the Melaka Regas plant and larger gas capital expenditure.
“We expect earnings to recover in the second half and management has guided for 3-5 per cent per annum earnings growth from the Regas plant, thus contributing to a promising outlook as Petronas planned to invest RM15 billion to find new gas to cater for the rising demand in Peninsular Malaysia,” it said in a research note today.
The company was also poised to secure overseas ventures given its strong balance sheet, HwangDBS said.
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Posted by Wata
FMT, dateline 2013-07-30:
Had the oil and gas of Sabah not been swindled away by the Barisan Nasional federal government, today her people probably would not have to endure the agony of having to line up for hours and hopping from one gas station to another for diesel.
It is a shameful reality that 95% of our oil and gas was illegally taken away from us.
Why do we say it was illegally taken away?
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Leave a Comment » | Malaysia, Malaysian election, oil and gas | Tagged: BN, Sabah | Permalink
Posted by Wata
Dateline 2013-07-22:
Political campaign is a strange subject. What seems straightforward to some can be made complicated by others. If I were a voter in Kuala Besut, my choice as to who I should vote for, is rather obvious and simple. Having said that, there must be some basis on my decision making process.
I would start by examining my own economic position, what job I am doing, how much do I earn per month and how does my income level compares to the Terengganu state average and eventually Malaysia’s national average. This is a very simple approach and does not require any deep analysis.
If I work as a fisherman and my average income is RM1000 per month that is considered good. But if Terengganu state average is RM3000 per month then what I earn is only a third of the state average. So I am considered as way below average as many fishermen in Terengganu (and Kelantan) are in the same boat.
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Leave a Comment » | Malaysia, Malaysian election, oil and gas | Tagged: Kuala Besut | Permalink
Posted by Wata
Dateline 2013-04-20 (what?), the Sun
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This is certainly an interesting development, since it brings the discussion to a different level. Have Petronas funds been effectively used anyway, for all these years? How, indeed, is our government making use of the country’s oil and gas revenues? Are they being responsibly managed? What kind of governance and accountability are we assured in the process of managing such a tremendous amount of wealth, contributed by our natural resources?
Malaysia is classified as a resource-dependent nation, since about 40% of our national revenues comes from oil and gas. I have previously written in this column about the dangers of oil dependency and the need for better resource management (“The paradox of plenty”, Nov 25, 2011). In this piece, the focus will be on oversight of the oil and gas sector in Malaysia, and whether there is a sufficient institutional framework to support transparency and accountability of the funds involved.
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Leave a Comment » | Malaysia, Malaysian election | Tagged: Petronas, PTPTN | Permalink
Posted by Wata
Some photos from the FOXE 2013 meeting.
The following has been decided:
4 Comments | Malaysia, Malaysian election, oil and gas | Tagged: FOXE | Permalink
Posted by Wata
Ah, now I know where marketing efforts should go.
Dateline 2013-06-12, FMT:
Has billionaire entrepreneur Ananda Krishnan secured direct control of a series of Sarawak’s off-shore oil fields through his Pexco division? Pexco is the natural resources division of Usaha Tegas, which is controlled by Krishan. The question surfaced after Pexco chief executive officer Sean Guest posted an update on Linked-in describing the oil and gas company as having “one of the largest acreage holders in Malaysia”. Pexco’s “primary assets” according to Guest are now in Australia, Indonesia, Malaysia and Etiopia. Guest’s CV posting noted that Pexco is focused in Australia-Asia and the Indian-ocean rim and has regional offices in these areas.
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Leave a Comment » | Malaysia, Malaysian election, oil and gas | Tagged: Ananda Krishnan, Pexco | Permalink
Posted by Wata
Dateline 2013-06-10, Malaysian Chronicles:
The government and Petronas’ responses to our call for audit of Petronas’ businesses and tendering processes in Malaysia have been evasive at best and pathetic at worst. Evasive because they tried to deemphasize the real reason of our call for the audit of by putting blames on constraints in disclosing information about their international ventures. Pathetic because the way they responded gave an impression that it was not well-thought of. It has failed to give any good excuse why an audit is not needed; it has also failed to convince that Petronas upholds high level of integrity and transparency.
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Leave a Comment » | Malaysia, Malaysian election | Tagged: Petronas | Permalink
Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 