Really?
Dateline 2019-09-29, Malay Mail:
Sarawak Chief Minister Datuk Patinggi Abang Johari Openg today said the state government is prepared to go to court to get its share of revenue from Petroliam Nasional Berhad (Petronas), if the oil company does not pay the 5 per cent sales tax on the export of petroleum and petroleum products.
He said the state is within its rights to receive the share as enshrined under the Malaysia Agreement (MA63) and the Federal Constitution.
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Dateline 2019-09-28, Borneo Post Online:
Sabah Shell Petroleum Company Ltd, the operator of the Gumusut-Kakap (GK) semi Floating Production System located offshore Sabah, announced the completion of its GK Phase 2 project, which involved the drilling of four additional subsea wells tied back to its semi Floating Production System (GK-Semi FPS).
At peak production, the four wells will add 50,000 barrels of oil equivalent per day to the GK-Semi FPS, sustaining its rated production capacity of 165,000 barrels per day.
Located in water depths of 1,200 meters, the GK-Semi FPS was Shell’s first Deepwater development in Malaysia, starting production in 2014.
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This is what you see when your camera is set in macro mode.
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Dateline 2019-09-20, Nikkei Asian Review:
Malaysia’s state oil company Petronas said on Friday that recent attacks on a key Saudi oil facility will not affect Saudi Aramco’s $7 billion investment in a refinery complex in the southern state of Johor.
Saudi Aramco acquired a 50% stake in the Rapid project’s refinery and cracker plants in 2017, agreeing to supply up to 70% of the crude feedstock for the refinery operations, which are scheduled to begin commercial production later this year.
“We do not foresee any impact on supplies to Rapid from Saudi Aramco,” Petronas President and CEO Wan Zulkiflee Wan Ariffin told reporters in Kuala Lumpur.
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Dateline 2019-09-20, Reuters:
Malaysia’s state-owned energy firm Petroliam Nasional Bhd reported an 8% increase in second-quarter profit on Friday because of a weaker Malaysian ringgit, though that was partially offset by higher product costs.
Petronas, as the company is known, said profit after tax for April-June rose to 14.7 billion ringgit, up from 13.6 billion ringgit ($3.25 billion) in the same period a year earlier.
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Dateline 2019-09-20, S&P Global:
Petronas said Friday that rising sales of petroleum products and LNG helped the state-run Malaysian firm post profit and revenue growth in the first half of 2019, but warned that ongoing trade tensions, sluggish demand and slowing global growth could pose challenges in the second half.
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Dateline 2019-10-20, Reuters:
Malaysia’s state-owned energy firm Petroliam Nasional Bhd reported an 8% increase in second-quarter profit on Friday because of a weaker Malaysian ringgit, though that was partially offset by higher product costs.
Petronas, as the company is known, said profit after tax for April-June rose to 14.7 billion ringgit, up from 13.6 billion ringgit ($3.25 billion) in the same period a year earlier.
Revenue at the firm decreased marginally to 59.1 billion ringgit from 59.2 billion ringgit, mainly due to lower average realised prices for petroleum products and liquefied natural gas. ($1 = 4.1790 ringgit) (Reporting by Rozanna Latiff; editing by Christian Schmollinger)
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May I suggest that perhaps that the safety report wasn’t read or couldn’t be bothered to be read by some stakeholders?
Dateline 2019-09-13, Malay Mail:
The Maritime Pilots of Malaysia (MPM) organisation is concerned that the planned Liquefied Natural Gas (LNG) terminal at Pulau Indah, Port Klang is a violation of public and port safety due to its location near a cruise ship terminal.
Its president and chairman Martin Lim said that while it lauded the government’s efforts in bringing in investment of the LNG terminal and storage facility, the nature of the development needed more consideration due to its hazardous nature.
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Dateline 2019-09-11, FMT:
About 40℅ to 50% of new findings of gas resources in Sarawak must be retained as feedstock for gas- related industries in the state, Sarawak Chief Minister Abang Johari Openg said today.
He said this was to ensure Sarawak had sufficient gas feedstock to drive downstream activities of the natural gas industries in Sarawak, particularly the petrochemical industries.
Abang Johari announced this during the launch of Sarawak’s first methanol plant – Sarawak Petchem – at Tanjung Kidurong in Bintulu here, today.
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Dateline 2019-09-06, Reuters:
A joint venture between Malaysia’s Sapura Energy and Austrian energy group OMV will achieve first production at an East Malaysian gas field in the fourth quarter of the year, the business said on Friday.
SapuraOMV, the joint venture, holds a 40 percent stake in the SK408 block, while a unit of Malaysian state energy company Petronas and a subsidiary of Shell hold 30 percent each.
Peak production from the block will be achieved by 2023, SapuraOMV’s chief executive, Muhammad Zamri Jusof, told reporters.
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Wata - Malaysian Oil and Gas Engineer 