Y’know, a while back they actually included how much tax was waived. I think the amount is the same as or more than the subside.
Maybe the powers that be decided that showing that information is an oops? Get the relevant act here.
Petrol Prices
October 1, 2012
Leave a Comment » | 
Malaysia, Malaysian election, oil and gas | Tagged: petrol, petroleum, PITA, subsidy, tax | 
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Posted by Wata
APH a test of foreign ownership of local assets
September 28, 2012Dateline 2012-09-14:
THE Asia Petroleum Hub (APH) fiasco is proving to be a huge problem for the government where foreign ownership of local assets is concerned.
Ports, telecommunications spectrum, airlines and, in some cases, banks are considered critical assets in Malaysia as in other countries and should therefore be in the control of local companies.
A switch in ownership to foreigners, if not handled well, can have serious repercussions for the government. For a case in point, look at the infamous sale of telecommunications company Shin Corp to Singapore’s Temasek Holdings, which cost the then Thai prime minister Thaksin Shinawatra his job.
Be that as it may, Asia Petroleum Hub Sdn Bhd (APH) does not fall into the critical asset category. In 2005, the Ministry of Transport gave the company the rights to develop a petroleum hub and bunkering facilities on an island off the Port of Tanjung Pelepas (PTP). In return, APH was to get a 30-year lease to operate the facilities.
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Leave a Comment » | business opportunity, Malaysia, oil and gas | Tagged: APH | Permalink
Posted by Wata
Malaysia plans to lure storage operators
September 27, 2012Dateline 2012-09-14:
Malaysia is throwing down the gauntlet to Singapore in its bid to emerge as Asia’s go-to commodity trading hub, according to the Financial Times (FT).
The move, according to the paper’s Singapore-based Asia correspondent Jeremy Grant in an article published on Wednesday, is being spearheaded by a unit in Prime Minister Datuk Seri Najib Tun Razak’s office as part of an ambitious push to position the country as South-East Asia’s centre for oil, gas and petrochemicals.
The FT quoted Malaysia Petroleum Resources Corp (MPRC) executive director Syahrilazli Mahammad as saying Malaysia was embarking on an aggressive plan to attract oil-storage operators by offering zero tax rates as an incentive for companies to build millions of barrels of storage capacity in Johor.
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Leave a Comment » | Malaysia, Malaysian election, oil and gas | Tagged: MPRC | Permalink
Posted by Wata
Gumusut deepwater field starts to pump oil
September 26, 2012Really?
Dateline 2012-09-13:
Malaysia has started pumping oil from the Gumusut deepwater oilfield offshore Sabah, with an initial output of 10,000 barrels per day (bpd), sources familiar with the matter said.
Gumusut, operated by Royal Dutch Shell and discovered in March 2004, is expected help Malaysia reverse its declining output and boost the country’s oil revenue, but its start up has been dogged by construction delays.
Crude output at Gumusut, located off the eastern state of Sabah in Block J, was expected to reach 25,000 bpd by the end of this year, said the sources, who declined to be identified due to company policy on speaking to the media.
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Posted by Wata
Insight: Iran parks oil off Malaysia to dodge Western sanctions
September 25, 2012Dateline 2012-09-13:
Iran is using a little-known port off the East Malaysia coast to hide millions of barrels of oil from Western sanctions, according to shipping data, industry sources and officials.
A Reuters examination of shipping movements and interviews shows how Iranian crude is shipped to the area and loaded on to empty vessels at night to await potential Asian buyers. Storing the oil on hired tankers operating under the Panamanian flag in the calm waters off the tax-haven port of Labuan – an offshore financial centre about the size of Manhattan – means Iran can keep its own fleet active and ensure the flow of oil money into its struggling economy.
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Posted by Wata
Saturday Star 2012-09-22 – Job Opportunities
September 24, 2012C’mon. Buy my recommendations, or through my Amazon store. Where are those corporate sponsors? Or throw donations at me.
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.
- I’m looking for a senior process engineer, 7+ years experience. Send your cv here. Also looking for process safety persons, lead piping designer, lead instrument engineer, and other seniors you think will catch my eye.
- FPSO ventures are looking for an Offshore Installation Manger, Production, Production Supervisor, Production Technician, Marine Superintendent, Marine Supervisor, Marine Engineer, Electrical & Instrument Engineer, Maintenance Engineer. Snail mail to FPSO Ventures Sdn Bhd, Level 9, Menara Perak, No. 24 Jalan Perak, 50450 Kuala Lumpur, or email them here.
- New Player, Coastal Energy, is looking for a Senior Reservoir / Petroleum Engineer, Senior Drilling Engineer. Email them here. Once you get them, tell them they have to use Synergy for technical support
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!
Let’s improve those Office skills.
Microsoft Word 2010 In Depth, Microsoft Word 2010 Step by Step (Step By Step (Microsoft)), Microsoft Word 2010 Plain & Simple: Learn the simplest ways to get things done with Microsoft Word 2010!
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: Bluestacks, Bookalicious, Coastal Energy Co, FPSO Venture, Synergy | Permalink
Posted by Wata
Malaysia starts pumping oil at Gumusut field
September 21, 2012Dateline 2012-09-12:
Malaysia has started pumping oil from the Gumusut deepwater oilfield offshore Sabah, with an initial output of 10,000 barrels per day (bpd), sources familiar with the matter said on Wednesday.
Gumusut, operated by Royal Dutch Shell and discovered in March 2004, is expected help Malaysia reverse its declining output and boost the country’s oil revenue, but its start up has been dogged by construction delays.
Crude output at Gumusut, located off the eastern state of Sabah in Block J, is expected to reach 25,000 bpd by the end of this year, said the sources, who declined to be identified due to company policy on speaking to the media.
…
Leave a Comment » | Malaysia, oil and gas | Tagged: Gemusut, Shell | Permalink
Posted by Wata
Appraisal drilling starts offshore Malaysia at Balai Cluster
September 20, 2012Dateline 2012-09-11:
BC Petroleum Sdn Bhd has begun the pre-development phase appraisal drilling on the Balai Cluster risk service contract offshore Malaysia.
The first well, Bentara 2 in Bentara field is underway with a planned TD of 2,750 m (9,022 ft).
The Balai Cluster RSC consists of four fields: Balai, Bentara, West Acis, and Spaoh. The pre-development phase is expected to be completed by Q2 2013.
On successful completion of the pre-development phase and agreement on the economic viability of the fields, BCP will submit a field development plan.
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Leave a Comment » | Malaysia, oil and gas | Tagged: Balai, BC Petroleum | Permalink
Posted by Wata
Good times ahead for SapuraKencana: HwangDBS
September 19, 2012Dateline 2012-09-11:
SapuraKencana Petroleum Bhd, which will be busy tendering for jobs by Petroliam Nasional Bhd (Petronas) these few months, is set to secure new fabrication and marginal field contracts in the second half of this year, HwangDBS Vickers Research Sdn Bhd said.
“Contracts in the pipeline include the Pan Malaysia hook-up commissioning jobs worth RM10 billion and Petronas’ inspection, repair and maintenance contract, which may be worth up to RM800 million, as well as fabrication projects at the Samarang, Dulang and Bokor platforms worth over RM3 billion,” the research firm said in a report yesterday.
“(Additionally,) Petronas is expected to award two risk service contracts for the Tembikai and Cenang marginal fields near Block PM314 off the peninsula and the award of these contracts, possibly by the fourth quarter of 2012, could be a catalyst,” said HwangDBS.
HwangDBS believes that SapuraKencana is a top contender to bag major contracts from Petronas as it is the only player in the country that offers the full spectrum of services across the oil and gas (O&G) value chain.
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Leave a Comment » | investment, Malaysia, oil and gas | Tagged: SapuraKencana | Permalink
Posted by Wata
Saturday Star 2012-09-15 – Job Opportunities
September 17, 2012To all readers, Eid Mubarak (yes, I’m a few days late, not making up my own madhab).
C’mon. Buy my recommendations, or through my Amazon store. Where are those corporate sponsors? Or throw donations at me.
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.
- I’m looking for a senior process engineer, 7+ years experience. Send your cv here. Also looking for process safety persons, lead piping designer, lead instrument engineer, and other seniors you think will catch my eye.
- Think the papers are on Malaysia Day Leave
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!
As this is Syawal, the mind turns to the history of computer hacking. Yes, you go find the link between the two.
Microsoft Word 2010 In Depth, Microsoft Word 2010 Step by Step (Step By Step (Microsoft)), Microsoft Word 2010 Plain & Simple: Learn the simplest ways to get things done with Microsoft Word 2010!
This week’s food promotion is … any open house I can find.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: Bluestacks, Bookalicious, Synergy | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 