PBB urges Sarawak govt to set up Petroleum Heritage Fund to help students and senior citizens

November 15, 2020

Yeah, and set one up for Sabah and other states as well. Or set it up to to counter corruption and inefficiency in the bureaucracy. Just saying.

Dateline 2020-10-25, The Malay Mail:

Parti Pesaka Bumiputra Bersatu (PBB) senior vice president Datuk Seri Fadillah Yusof today urged the state government to set up Sarawak Petroleum Heritage Fund (SPHF), using state sales tax (SST) payment from oil and gas companies.

“Perhaps a budget of RM1 billion could be considered for SPHF in the 2021 State Budget,” he said at the PBB special mini-convention for the southern zone at the Borneo Convention Centre Kuching (BCCK) here.

Fadillah said the funds will enable the state government to provide free higher education in the form of scholarships or grants to all Sarawakian students.

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Political stability may be behind Shell’s recent shift to Sarawak, says analyst

November 14, 2020

Dateline 2020-10-25, FMT:

An analyst believes Shell’s decision to downsize its operations in Sabah and move its personnel into Sarawak was partly driven by the political stability in the latter.

Sociopolitical analyst Awang Azman Pawi said the stability of the state government under the leadership of Chief Minister Abang Johari Openg has managed to instill foreign and local investors’ confidence in Sarawak.

“This has (particularly) attracted foreign investors to pump more investments into Sarawak and this can also be attributed to this latest move by Shell (in Sabah),” he told FMT.

“The repositioning of Shell’s focus (back) to Miri is because Sarawak is seen to be having a clearer state policy as well as better facilities. This exudes confidence that the state is prepared to further develop and move forward in the oil and gas industry.”

According to Awang Azman, Sarawak’s determination in defending its rights by being bold enough to stand up to Putrajaya on issues pertaining to oil and gas was also another consideration.

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Sabah’s oil and gas dealt a severe blow by Shell

November 12, 2020

IGL is ready to step into the void, using the concept community owned entities (COE) to bring wealth to the local landscape. I would have called it community owned commercial kickstarters, but the acronym would have been hilaaaariuos.

Dateline 2020-10-23, The Malaysian Insight:

SHELL’S announcement on October 15 that the Plaza Shell Office at Kota Kinabalu will be closed with a relocation of all Sabah staff to the new Miri headquarters in 2021 was received with unceremonious silence.

The Kota Kinabalu office was set up in November 2015 with promises of Shell’s significant presence, strategic partnership and offer of measurable progress for the Sabah state. This change of commitments, a sad truth on change of events, draws much reservation, suspicion and unveils unprecedented break of promises from Shell to Sabah, its people and communities.

The well-set and progressive 200 Shell staff occupying four floors of the 14-storey Plaza Shell, a distinguished landmark in Kota Kinabalu being strategically located in the city’s business district may see the last of its pivotal presence very soon. Their lives, sadly, may never be the same again.

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MOGEC Live Webinar: Green Energy, Blue Skies and Black Gold – Are We At Breakpoint? by En Zainul Rahim Mohd Zain

November 10, 2020

You are cordially invited to our free WEBINAR 😊.

Register here to attend ;-

https://forms.gle/4vgyusJoetHYMhQW7

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NST Leader: Decarbonising Malaysia

November 6, 2020

I don’t know how to classify this article, a hybrid of RE and O&G?

Dateline 2020-10-08, NST:

Businesses in Malaysia, like elsewhere, spill much ink in extolling the virtues of going green. Many stop at that.

Just look at the voluminous annual corporate social responsibility reports produced by companies and you learn, very quickly, why environmental degradation happens.

There is something promising happening in Malaysia that may compel companies to put their money where their mouth is, as the saying goes. Called Climate Change and Principles-based Taxonomy (CCPT), it is essentially a means to make transparent climate-related financial disclosures by financial institutions.

A multi-party effort led by Bank Negara Malaysia (BNM), CCPT began to get public attention when BNM issued it as a discussion paper on Dec 27 last year. The idea is older, perhaps as old as the Paris Climate Accord of 2015. Or older.

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ExxonMobil’s sale of Malaysian assets heats up

November 3, 2020

Dateline 2020-10-03, The Star:

EXXON Mobil has shortlisted three bidders for its oil-producing offshore assets in Malaysia that are worth billions of ringgit.

According to sources, Hibiscus Petroleum Bhd is among the shortlisted bidders along with United Kingdom-based EnQuest plc.

One source points out that Sapura Energy Bhd has also expressed interest in ExxonMobil’s assets. It is unknown if the oil and gas (O&G) company made it to the list.

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Govt urged to wind down on coal under new policy

November 2, 2020

Dateline 2020-10-02, Malaysian Reserve:

THE Institute for Democracy and Economic Affairs (IDEAS) stated that Malaysia’s energy policy should seek to replace coal-based power generation with gas and turbo-charged renewable in order to meet pledges to curb climate change.

IDEAS senior fellow Dr Renato Lima de Oliveira (picture) said replacing coal with gas is a low hanging fruit as Malaysia plans its next energy policy.

“Beyond that, Malaysia needs to pivot its strengths in oil and gas (O&G) into renewable and reform the energy framework to further promote the use of renewable,” he said in a statement yesterday on the think tank’s latest report titled “The Future of Malaysia’s Energy Mix”. The paper is co-authored by Mathias Varming.

Lima de Oliveira said Malaysia has made good progress towards reducing emissions and increasing the share of renewable in the country’s energy mix over the last few years. However, the country needs more ambitious policies to meet its reduced carbon commitment under the United Nations Framework Convention on Climate Change in Paris 2015.

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Malaysia elected to IAEA Board of Governors

November 1, 2020

Yes, so begins Malaysia’s nuclear ambitions… maybe this was the cause of The Emerency?

Dateline 2020-09-27, The Star:

Malaysia has been elected to the Board of Governors of the International Atomic Energy Agency (IAEA) for the 2020-2022 term as a representative for Southeast Asia and the Pacific.

Wisma Putra said the decision was reached during the 64th regular session of the IAEA General Conference in Vienna, Austria on Thursday (Sept 24).

“Malaysia has served on the Board of Governors for nine terms since 1976.

“As a member of the Board, Malaysia is fully committed and will continue to support and work with the IAEA and Member States to ensure the potential of nuclear energy is used for peaceful purposes,” it said in a statement issued on Sunday (Sept 27).

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South China Sea: does one-on-one mean a one-sided deal for Malaysia?

October 31, 2020

Just about fits into the ‘black oil’ category.

Dateline 2020-09-27, SCMP:

When Malaysia agreed last year to one-on-one talks with rival claimant China over the South China Sea, it caught observers by surprise.

While Kuala Lumpur was not the most vocal opponent of Beijing’s claims in the area, it had long been reluctant to engage in such negotiations.

Instead it has sought to chart a course between not antagonising China and quietly pursuing its own plan for oil and gas exploration in the contested waters.It has preferred to leave discussions about jurisdiction over the resource-rich area to regional groupings like the Association of Southeast Asian Nations (Asean), where various countries can work together to have a bigger say.

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Exxon eyes shortlist for Malaysian oil and gas assets

October 30, 2020

Dateline 2020-09-25, Oil & Gas 360:

Exxon Mobil has narrowed the list of bidders for its oil-producing offshore assets in Malaysia that could potentially raise $2 billion to $3 billion in a sale, according to people with knowledge of the matter.

U.K.-listed EnQuest Plc and Kuala Lumpur-traded Hibiscus Petroleum Bhd. are among those that have been chosen to submit binding bids for the assets, the people said. Other companies have also expressed interest, said the people, who asked not to be identified as the discussions are private.

Exxon Mobil started the process to sell its Malaysian assets last year as part of its global divestiture program, Bloomberg News has reported. It produces oil and gas in the Southeast Asian nation under four production sharing contracts with the state-owned Petroliam Nasional Bhd., according to its website.

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