November 20, 2018
Dateline 2018-09-10, FMT:
Sabah will look into bolstering laws involving exploration of oil and gas and mining activities in the state, following in the footsteps of its neighbour Sarawak which tightened controls over such matters in July.
Chief Minister Shafie Apdal said he would request the state attorney-general (AG) to look into the matter.
“We are looking into it but I was made to understand by the former AG that we do have that mineral enactment in Sabah. I will ask the (current) AG to look into the details, whether there’s any loopholes in that.
November 19, 2018
Did they ship?
Dateline 2018-09-04, Nasdaq:
Saudi Aramco plans to deliver the first crude oil cargo to its joint-refinery project with Petronas in Malaysia in October as the companies prepare for trial runs at the new plant, several sources with knowledge of the matter said on Tuesday.
The project, Refinery and Petrochemical Integrated Development (RAPID), is a $27 billion complex located between the Malacca Strait and the South China Sea, conduits for Middle East oil and gas bound for China, Japan and South Korea.
November 18, 2018
Dateline 2018-09-03, Borneo Post:
Nur Maisarah Kusdi, 18, a former SMK Tamparuli student, has always wanted to be an engineer — chemical engineer to be exact and has worked hard to achieve her dream.
“I love Chemistry and Physics. When I was offered the Petronas Education Sponsorship Programme (PESP) to pursue Chemical Engineering at Universiti Teknologi PETRONAS (UTP), I accepted it whole-heartedly although at that time I also had an offer from another institution,” she said.
November 17, 2018
Dateline 2018-09-03, The Edge:
Uzma Bhd has appointed its independent non-executive director Datuk Abdullah Karim as the group’s new independent chairman.
He replaces Datuk Seri Syed Ali Syed Abbas Alhabshee, who resigned after serving as independent chairman for over 10 years to pursue his personal interest.
Uzma said Abdullah is currently the chairman of the group’s nominating committee and member of the audit committee.
November 16, 2018
Dateline 2018-09-03, The Malaysian Reserve:
Petroliam Nasional Bhd (Petronas) has given its commitment to provide the necessary input to all oil and gas (O&G) stakeholders, particularly on the expected higher oil royalty arrangement, to ensure that Malaysia remains an attractive destination for O&G investments.
Its president and group CEO Tan Sri Wan Zulkiflee Wan Ariffin (picture) said while Petronas is not privy to the discussions taking place between the federal and state governments on related issues, it will continue to provide its views on all possible scenarios.
“What’s important is to remember that we need to keep the O&G industry in Malaysia resilient and Malaysia as an attractive investment destination for foreign O&G companies,” Wan Zulkiflee told members of the press at Petronas’ Kuala Lumpur headquarters last Thursday. “We do not want the production sharing contractors (PSCs) to be impacted because we want Malaysia to still be an attractive investment destination.”
Petronas, as the national energy company, is responsible for the exploration, extraction, refining and marketing of Malaysia’s petroleum resources, which it undertakes via production sharing schemes. This involves the participation of other oil firms in the country’s O&G space, such as Royal Dutch Shell plc, Exxon Mobil Corp and Murphy Oil Corp.
November 15, 2018
Dateline 2018-08-31, The Asean Post:
Every time Malaysia’s national oil and gas company PETRONAS declares a profit, the nation’s four oil-producing states will clamour for a bigger slice of the pie than the current five percent royalty they are receiving.
The subject rose again following the unexpected victory of the Alliance of Hope (Pakatan Harapan) in the country’s May 2018 general election, ending the 61-year continuous rule of the National Front (Barisan Nasional). As part of its election manifesto, the Alliance of Hope coalition promised to increase the oil royalty to 20 percent and to review Malaysia’s Petroleum Development Act of 1974 (PDA) if it came into power.
Prime Minister Dr Mahathir Mohamad announced that the new government of Malaysia will pay the oil-producing states 20 percent but it will be calculated based on profits derived from those states, and not revenue.
November 13, 2018
Cool slogan. Can I steal it?
Date 2018-08-29, FMT:
Sarawakians should be the ones dictating how much oil royalty it will get as the oil is in their soil, said Sarawak MP Nancy Shukri.
Nancy, who is Batang Sadong MP, said a lot of Sarawakians were of the view that the state had been enriching West Malaysians and as a result the state had become backward and has not been getting much.
“Sarawakians have been talking. They say, ‘we see the Petronas Twin Towers, but look at us. Where are we?’
“That is why Sarawakians are now very aggressive and protective about their reserves. We explain why the Malaysia Agreement 1963 is still important because Sabah and Sarawak are still very backward in terms of development.