Dateline 2019-10-09, World Oil:
Exxon Mobil is considering a sale of its offshore Malaysia upstream assets as part of U.S. energy giant’s divestiture program, according to people with knowledge of the matter.
The company is working with an adviser on the potential sale of the Malaysian assets, which could raise about $2 billion to $3 billion, the people said, asking not to be identified because the matter is private.
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Dateline 2019-10-08, The Rakyat Post:
The new petrol subsidy mechanism outlined by the Domestic Trade and Consumer Affairs Ministry (KPDNHEP) will gradually float the price of RON95 petrol in Peninsular Malaysia.
This means that the retail price for RON95 will be set by the cabinet based on global market prices.
For those living in Borneo, the price of RON95 will still be capped at RM2.08 per litre.
So who exactly benefits?
Under the new petrol subsidy mechanism, ONLY vehicle owners on Bantuan Sara Hidup (BHS) will be able to access subsidised petrol
Recipient’s household income must not be more than RM4,000.…
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Isn’t this a rerun of previous rhetoric?
Dateline 2019-10-08, NST:
The government has been urged to consider not giving fuel subsidy but rather encouraging more use of renewable energy.
Economist and former Council of Eminent Persons member Dr Jomo Kwame Sundaram said fuel subsidies were major distortion in markets.
“The government has been trying to reduce this subsidy. Fuel subsidies in all countries are basically benefit middle class rather than the low income group,” Jomo said on the sidelines of the Khazanah Megatrends Forum 2019 here today.
He said the government should rethink who benefit the most before subsidising the rakyat.
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Dateline 2019-10-08, Malaysian Reserve:
THE gradual increase in oil prices is expected to drive a recovery in investment in upstream activities said Kenanga Investment Bank Bhd.
The research house said national oil and gas (O&G) company, Petroliam Nasional Bhd (Petronas), has maintained its capital expenditure (capex) by focusing on the upstream segment despite its commitment to deliver a higher dividend payout to the government.
The investment bank noted there has been an increased flow of engineering/construction jobs in the Middle East, while floater demand has jumped rapidly from South America.
Kenanga added that the benchmark Brent contract price has been showing signs of stability, trading within the US$55 (RM230.62) to US$70 per barrel range throughout the year.
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Dateline 2019-10-07, Nikkei:
Malaysia on Monday announced a long-delayed targeted fuel subsidy program in a move that economists said will shrink its hefty social assistance bill and demonstrate its commitment towards fiscal consolidation.
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Dateline 2019-10-03 NST:
Malaysian Gas Association (MGA) says the delivery of the first TPA (third-party access) liquefied natural gas (LNG) cargo next week will mark an important milestone in the gas market reforms that started in 2013.
That year, the first regasification terminal began operating in Sungai Udang, Melaka, enabling LNG importation.
“We welcome the agreement between Tenaga Nasional Bhd (TNB) and Shell Malaysia Trading Sdn Bhd for a trial third party cargo – the first since the TPA came into force,’ it said in a statement today.
MGA said the Gas Supply (Amendment) Act 2016, which is in operation since January 2017, allows third parties to sell gas, thus offer options to gas users, which works in the best interests of the consumers.
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Dateline 2019-10-04, Malay Mail:
When the International Monetary Fund’s Christine Lagarde spoke at the University of Malaya recently, she highlighted the need to improve career opportunities for Malaysian women and their levels of participation in the workforce.
According to the IMF, Malaysia’s labour force participation rate for women, when compared to some of the regional economies and the OECD average, is just above 54 per cent — low, both in absolute and relative terms. As a comparison, the participation rate for men is about 80 per cent.
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Dateline 2019-06-27, Forbes:
Asia continues to be the fastest growing region in the world today. With its stable economic outlook, Malaysia remains at the center of the region’s development. However, rapid changes in the marketplace, stringent regulatory requirements, including environmental laws as well as geopolitical tensions, pose many challenges for businesses.
Despite these uncertainties and challenges, energy demand continues to shift towards Asia. Analysts project that primary energy demand in the region is expected to grow at 2.5 percent per annum and reach 7.1 billion tons of oil equivalent (btoe) in 2035, accounting for 42% of the world’s primary energy demand.
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Dateline 2019-10-02, Asean Post:
Malaysia’s solar photovoltaics (PV) industry is on the rise thanks to strengthening government support, growing investor confidence and reducing costs.
Already ASEAN’s biggest solar PV employers, Malaysia’s solar sector is well poised for more growth given the favourable conditions that are developing.
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Dateline 2019-09-30, FMT:
Sabah opposition leader Jeffrey Kitingan yesterday hit out at the Pakatan Harapan (PH) government over Dr Mahathir Mohamad’s remark that it is impossible to give the East Malaysian states the 20% oil royalty, calling this at odds with Putrajaya’s “Shared Prosperity” vision for the country.
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Wata - Malaysian Oil and Gas Engineer 