Petronas: Decarbonising fossil fuel the way to go

July 27, 2022

Dateline 2022-05-26, The Edge:

OVER the years, there has been much debate on whether low-carbon solutions such as carbon capture technology are relevant in the light of renewable energy adoption and the energy transition.

The recent energy crunch, which saw oil and gas prices skyrocket amid high demand, and pushed some countries to even revisit coal for power generation, has proved that fossil fuel use cannot be avoided in the near term.

This means it is even more pertinent to explore technologies that allow carbon reduction and offset during the energy transition, says Petroliam Nasional Bhd (Petronas) vice-president and chief sustainability officer Charlotte Wolff-Bye.

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Get going on old plan for targeted fuel subsidies, says economist

July 26, 2022

Why is it that petrol dealerships say they always lose, no matter what the government implements?

Dateline 2022-05-23, FMT:

The government should get going with its plan for targeted fuel subsidies which was hatched 10 years ago, says an economist, amid fears over the rising costs of subsidies.

Universiti Tun Abdul Razak economist Barjoyai Bardai said disputes over the subsidy mechanism had held back the plan, particularly over who qualified for the fuel subsidies based on engine capacity.

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Meet the farmer: Yit Tung

July 25, 2022

Someone played the exit from O&G card early. I still yearn for a vertical vanilla bean plant.

Dateline 2022-05-23, The Fish Site:

“Within three months of working in oil and gas I knew it was not a job that I could do for my whole career. But aquaculture – I can easily imagine doing this for 30 or 40 years,” he muses.

Tung moved into aquaculture in 2017, shortly after graduating from university, when – together with a few friends – he was looking to invest in a business.

“We bought an RAS from China and tried to use it to produce mud crabs. But the system didn’t work,” Tung recalls of his early efforts.

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Removing fuel subsidies may backfire, says Fomca

July 23, 2022

Obvious open mic material.

Dateline 2022-05-23, NST:

Removing fuel subsidies for Malaysians and permanent residents with locally registered cars amid the soaring prices of goods and rising cost of living may backfire and cause higher inflation.

Federation of Malaysian Consumers Associations (Fomca) chief executive officer T. Saravanan said this was because suppliers and traders were extremely sensitive to fuel prices and would raise the price of goods whether or not they were affected by the subsidy removal.

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Azmin: Govt likely to introduce targeted fuel mechanism amid rising crude oil prices

July 22, 2022

I repeat myself like a broken record: more carrot and stick for public transport.

Dateline 2022-05-21, Malay Mail:

The government is likely to introduce a targeted fuel mechanism to cushion the impact of the rising crude oil prices, especially for the lower-income group, said Senior Minister and International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali.

He said the government is still working on a suitable structure following the sharp jump in the fuel subsidy projection for 2022 to RM28 billion, compared to RM11 billion in 2021.

“We talked about the review in a special retreat recently.

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Malaysia Among Asia’s Net Zero Champions

July 21, 2022

Dateline 2022-05-20, The ASEAN Post:

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All is not doom and gloom in Southeast Asia’s race to Net Zero. In many countries in the region, the private sector is actively leading the way by setting ambitious targets to decarbonize swiftly.

In Malaysia for instance, the Sunway Group is fiercely committed to achieving its Net Zero carbon emissions targets by 2050 in line with the Southeast Asian country’s 12th Malaysia Plan; with its Prime Minister pledging the ASEAN member state’s full commitment to achieving its target of becoming a carbon-neutral nation by as early as 2050.

In 2020, the group became one of the first few Malaysian companies to pledge support to the Task Force on Climate-related Financial Disclosures (TCFD), demonstrating its transparency in reporting its risk and opportunities related to climate change.

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IEM Shoutout – 2022-07 Annual Dinner

July 20, 2022

We still have seats available for the 23rd at Sunway Lagoon Hotel. A reminder that we still have seats, tables and sponsorship slots available. Please come and celebrate this year’s accomplishments with those of the engineering bent.

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M’sia hopes CPO jet fuel will be accepted by ICAO

July 18, 2022

And on the tarmac, you will see the MPOC logo.

Dateline 2022-05-18, The Star:

Malaysia is hoping that jet fuel made from crude palm oil (CPO) will be accepted by the International Civil Aviation Organisation (ICAO), says Transport Minister Datuk Seri Dr Wee Ka Siong.

Being one of the biggest palm oil producers in the world, he said Malaysia had introduced the Malaysian Sustainable Palm Oil (MSPO) Certification scheme in 2013 to address global concerns on the sustainable production of palm oil, such as mitigating biodiversity loss and greenhouse gas emissions.

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S’wak set to be first in Malaysia enforcing carbon emissions regulations

July 15, 2022

Dateline 2022-05-18, Borneo Post:

Sarawak will become the first state in Malaysia to have legislation that would see industries, including oil and gas, operating in the state needing to comply with international requirements when the proposed Land Code (Amendment) Bill, 2022 is passed, said Datuk Sharifah Hasidah Sayeed Aman Ghazali.

The Deputy Minister in the Premier of Sarawak’s Department (Law, MA63 and State-Federal Relations) said these international requirements include reducing carbon emission intensity under the United Nations Framework Convention on Climate Change (UNFCCC).

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You said nothing about PH-era bailouts, Najib tells Dr M

July 14, 2022

Dateline 2022-05-17, FMT:

It’s a slow news period, sue me.

Former prime minister Najib Razak has accused Dr Mahathir Mohamad of being hypocritical following the latter’s disagreement on bailing out Sapura Energy Bhd (SEB).

Yesterday, Mahathir was reported as saying that steps should be taken to trim losses incurred by the oil and gas services company, and that bailing out “failed people” was “not business”.

Taking to Facebook, Najib reminded Mahathir that when he was the prime minister under Pakatan Harapan, Permodalan Nasional Berhad (PNB), headed by then chairman Zeti Akhtar Aziz, had also “bailed out” SEB.

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