I took a trip to Segamat lately. Anyone know of POIs around there?
Marketing Rounds – PETRONAS Gas
April 9, 2014
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Malaysia, oil and gas | Tagged: PGB, Segamat | 
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Posted by Wata
Petronas pipeline has destroyed rainforest, says Swiss-based advocacy group
April 8, 2014Of course construction destroyed rainforest. But have you seen the risk assessment? I haven’t, those in the know, send me a copy please?
Dateline 2014-03-03, Malaysian Insider:
The Swiss-based rainforest advocacy group Bruno Manser Fund (BMF), in a new attack on Sarawak, claimed the 500km Petronas gas pipeline (SSGP) has left a “trail of destruction” in the rainforest between the Sabah oil and gas terminal (SOGT) in Kimanis to the liquefied natural gas (LNG) plant in Bintulu, Sarawak.
BMF, on its new Sarawak geoportal, said that by shrouding the project in secrecy and for its failure to disclose the exact line of the SSGP, it has given rise for concern.
It claimed the less than transparent project had forced local communities to erect several blockades out of concern for damage to their environment and illegal extraction of timber for the construction of the pipeline within native customary rights (NCR) lands through which the line passes.
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Posted by Wata
Kampung Halaman 04 – Bandara
April 4, 2014Center of aero commerce.
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M’SIA TO BE AS RICH AS NORWAY? FORGET IT – Umno’s racist, corrupt ways will PREVENT IT
April 2, 2014If you don’t like the title, send brickbats to the Malaysia Chronicle. And if you read the whole article, you realise the title is link bait.
Dateline 2014-02-23:
Norway is oil rich. It is a very cold country and oil is its greatest resource. Norway is also known as the Land of Millionaires – not only because the national wealth is go great but also because its petroleum revenues have been so well managed and treasured by its governments through the decades that the money have trickled down to the ordinary folk.
There is little wastage or leakage through corruption or inefficient policies that cause market incompetency and uncompetitiveness – for example in countries such as Malaysia, where huge amounts of money have been siphoned out – almost a trillion ringgit over the past decade according to the Global Financial Integrity.
Malaysia is also oil rich. But the great majority of its 28 million people are poor and the greatest wealth is held by perhaps as little as 5% of the population. Sad to say the divide between the rich in Malaysia and the not-rich is growing alarmingly wider by the day. This is due to the policies promulgated by Prime Minister Najib Razak’s Umno party which has ruled the country since 1957. The policies have been widely criticized as being flawed and designed to mask massive corruption by the elite leaders in the guise of helping the predominant ethnic group in the country – the Malays.
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Murphy mulls US$2b-US$3b sale of M’sian assets
March 30, 2014Dateline 2014-02-21, The Star:
Spurred by the recent sale of Newfield Exploration Co’s Malaysian operations, American oil major Murphy Oil Corp is looking to hive off a 30% stake in its oil and gas (O&G) assets here at a price tag of US$2bil-US$3bil (RM6.62bil-RM9.93bil), sources said.
A sale by Murphy is potentially more lucrative than the one agreed between Newfield and SapuraKencana Petroleum Bhd last year for US$898mil (RM2.97bil), given its much larger production and reserves, O&G executives told StarBiz.
Several parties have expressed interest, including Houston-based Coastal Energy Co,a firm linked to Malaysian investor Taek Jho Low.
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Posted by Wata
Malaysia’s OIL WEALTH must be controlled by Parliament – Nurul
March 29, 2014Nah, use minyak as your personal piggy bank.
Dateline 2014-02-20, Malaysia Chronicle:
An opposition MP has proposed setting up a sovereign wealth fund to prevent the government in power from abusing Malaysia’s oil riches as a personal piggy bank.
Compared to oil-rich Norway which today has the richest sovereign wealth fund in the world at RM2.7 trillion, PKR MP Nurul Izzah Anwar lamented the fact that Malaysia’s equivalent oil fund, the Petronas-backed Kumpulan Wang Amanah Negara (Kwan), only has RM5.43 billion.
Nurul asked where did Malaysia’s oil wealth go, considering that Petronas had declared an accumulated profit of more than RM700 billion since its inception some 40 years back.
“Petronas cannot continue to serve as a private fund for the prime minister and the cabinet, with the use of nearly 40 percent of the revenue generated by the petroleum revenue in the government budget, compared with Norway which only allows four percent to be used.
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Mokhzani Reduces SapuraKencana Stake After Malaysian Merger
March 28, 2014Hey, hey.
Dateline 2014-02-18, Bloomberg:
Mokhzani Mahathir, a son of former Malaysian Prime Minister Mahathir Mohamad, sold part of his stake in SapuraKencana Petroleum Bhd. (SAKP), the country’s biggest oil and gas services company, keeping his share above 10 percent.
Some 190.3 million shares in SapuraKencana were traded off market yesterday at 4.30 ringgit each, amounting to 818.3 million ringgit ($247.8 million), according to data from the Kuala Lumpur stock exchange. Mokhzani and family of the late Chong Hin Loon were sellers of the block, the Star newspaper reported today, citing people it didn’t identify.
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ExxonMobil Subsidiaries In Malaysia Appoint New Chairman
March 27, 2014Congratulations, SKY.
Dateline 2014-02-16, Bernama:
See Kok Yew has been appointed as the President of ExxonMobil Exploration and Production Malaysia Inc (EMEPMI) and Chairman of the ExxonMobil Subsidiaries in Malaysia with effect from yesterday.
In a statement today, The ExxonMobil Subsidiaries in Malaysia said See succeeded J. Hunter Farris who will relocate to Houston and assume the position as the new Vice-President, Global Engineering of ExxonMobil Production Company.
Prior to his appointment, See was a Production Manager for ExxonMobil Production Company businesses in the US Lower 48, based in Houston, Texas.
See started his career with EMEPMI in 1990 and held various technical, supervisory and management positions in Kerteh, Terengganu, and in Kuala Lumpur.
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ExxonMobil Announces First Production From Damar Gas Development
March 25, 2014Dateline 2014-02-13, The WSJ:
Exxon Mobil Corporation (NYSE:XOM) today announced the start of natural gas production at the Damar field off the east coast of Peninsular Malaysia. ExxonMobil subsidiary, ExxonMobil Exploration and Production Malaysia Inc., has a 50 percent interest in the project.
The Damar field has a projected capacity of 200 million cubic feet of gas per day. ExxonMobil and joint-venture partner Petronas Carigali Sdn. Bhd. have planned a total of 16 development wells for the platform.
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Anniversary – Exxon Valdez
March 24, 2014EPMI engineers never forget.
Leave a Comment » | oil and gas | Tagged: Exxon Valdez, Prince William Sound | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 