Sunway Hotels & Resorts Converts Used Cooking Oil into Biodiesel Through Partnership with Fathopes Energy

January 10, 2020

Should make this mandatory for the whole food services industry, using a carrot and prod rod approach.

Dateline 2019-11-12, Yahoo Finance:

Sunway Hotels & Resorts, the hospitality division of Malaysian conglomerate Sunway Group, partners with FatHopes Energy for the recycling of its used cooking oil into biodiesel, taking another significant step on its commitment towards a sustainable environment. Through this sustainability initiative, more than fifty percent (50%) of the participating Sunway Hotels’ used cooking oil is expected to be recycled and collected by FatHopes Energy on a weekly basis at the hotels’ respective collection centres to be converted into biodiesel.

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Petronas to continue pushing for gas usage in future

January 9, 2020

Dateline 2019-11-07, Malay Mail:

Petroliam Nasional Bhd (Petronas) will continue to push the use of gas as a cleaner source of fuel, compared with solid and liquid fuels.

Its senior vice president (corporate strategy) Mazuin Ismail said this was one of the moves to make sure that the group was working towards placing the right energy mix for the future.

He said gas would also be complementing renewable energy resources as it was abundant, flexible, stable and easy to be transported and reached.

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IEM E-Library : A Selection of Process Safety Books

January 8, 2020

If you sign up for online access to IEM (you should), you have access to useful books via the e-library. As an example, I present some books for the process safety enthusiast.

IEM ELibrary 2020-01-04.jpg

 

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20pc oil royalty demand still part of talks with federal govt, says Sarawak CM

January 7, 2020

He says, she says.

Dateline 2019-10-31, Malay Mail:

The Sarawak Chief Minister’s Office (CMO) today made it clear that the state government has not dropped its 20 per cent demand on oil royalties from the federal government as reported by local news portals.

“This office wishes to clarify that the state government has not dropped the demand and that current negotiations with the federal government are based on that demand,” the CMO said in a statement.

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Malaysia’s Sarawak to drop demand for Petronas royalty hike

January 5, 2020

Dateline 2019-10-30, Reuters:

Malaysia’s energy-rich state of Sarawak will drop a demand for quadrupling royalties paid by energy giant Petronas but is pushing for production-sharing and other agreements, a key negotiator told Reuters on Wednesday.

Sarawak and neighbouring Sabah possess Malaysia’s most prolific oil and gas reserves in their waters in the South China Sea.

Their longstanding royalty demand would cost government-owned Petronas up to $7 billion a year, according to a rough calculation by a person aware of the matter.

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ExxonMobil exiting Malaysia to focus on Permian Basin

January 4, 2020

Dateline 2019-10-22, The Edge:

EXXONMOBIL Corp has confirmed that it is testing market interest in its upstream offshore assets in Malaysia as part of an ongoing evaluation and its plan to divest US$15 billion of its non-strategic properties by 2021.

However, Sukiman Mohamed, spokesperson for its Malaysian subsidiary, says no agreements have been reached and no buyer has been identified so far for the assets.

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Domestic Trade Minister assures security of petrol subsidy data

January 3, 2020

Ah, where black hats and o&g meet.

Dateline 2019-10-20, Malay Mail:

Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail gives his assurance that the Petrol Subsidy Programme (PSP) banking leakage problem has been solved and his ministry has tightened the security of its system for data protection.

He also said that the corrective measures had been taken on its official portal for fuel subsidy recipients within hours after the news reports of a leak was reported on Thursday.

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Keep nuclear energy options open

January 2, 2020

Dateline 2019-10-21, The Sun:

AFTER the oil crisis since the 1970s; with the first oil shock triggered by the embargo by Opec in 1973-1974, increasing oil prices four-fold from US$3 to US$12 and the second oil shock prompted by the Iranian Revolution of 1979 and the 2007/2008 unprecedented oil price hike up to nearly US$145 a barrel in July 2008 many countries, including France and South Korea among others, had turned away from high reliance on oil and invested in alternative sources of energy including nuclear power.

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Asfia on Sarawak’s oil and mining rights, imposition of state sales tax

December 31, 2019

Dateline 2019-10-18, Borneo Post:

This press statement written by Speaker of the Sarawak State Legislative Assembly (DUN) Datuk Amar Mohd Asfia Awang Nassar today has been published in its entirety. Read the full statement below.

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Petrol dealers warn of negative impact from floating RON95 price

December 28, 2019

Dateline 2019-10-14, Malaysian Reserve:

PETROL dealers worry that the government’s decision to float the retail price of RON95 starting next year under the weekly pricing mechanism will force operators to incur losses.

Fuel pumps operators said their losses would widen especially when global oil prices rise.

Bumiputera Petrol Dealers Association of Malaysia (Bumipeda) president Datuk Abu Samah Bachik said a weekly float system would have adverse effects on the dealers because they would not be able to plan in advance the amount of fuel stock needed.

He urged the government to not rush into the implementation of the system because many sectors will be affected.

“We (the traders) will buy one week stock of fuel. But if the float system is implemented weekly, we might have to sell fuel for a much lower price compared to when it was purchased because of the drop in prices,” he told The Malaysian Reserve.

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