I disagreed with Dr M’s Sapura bailout during PH rule, Rafizi tells Najib

May 10, 2022

Yes, Mr Incoming PM.

Dateline 2022-04-06, FMT:

KR vice-president Rafizi Ramli says he had disagreed with the Pakatan Harapan government’s decision to bail out Sapura Energy Bhd through the injection of funds from Permodalan Nasional Bhd (PNB) in 2019.

The former Pandan MP said he had no influence or position in the PH government but had spoken out against several decisions made by then prime minister Dr Mahathir Mohamad.

“I had disagreed with the decision by the Dr Mahathir Mohamad-led PH government to inject PNB funds to save Sapura,” he said in a statement today.

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Keep Sapura’s huge oil reserves out of foreign hands, says Najib

May 9, 2022

Yeah, gomen, listen to your Glorious Leader. Maybe MOGEC or MOGSC should take over ownership. Or MTEM.

Dateline 2021-04-02, FMT:

Former prime minister Najib Razak insists that the government offer a loan guarantee to Sapura Energy Bhd in order to save its oil reserves from falling into foreign hands before its full potential can be realised.

He said the company’s subsidiary, Sapura OMV, owned oil and gas reserves of 264 million barrels with a gross value of RM110.8 billion.

If the subsidiary is put up for sale, as is being speculated, Sapura’s joint venture partner OMV of Austria, would likely be the first choice buyer as it already holds a 50% stake in Sapura OMV with the remaining 50% held by Sapura Energy.

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Malaysia Targets 40 Percent Renewable Energy By 2035

May 8, 2022

Guess this will be after the next 4 pandemics. Probably need more energy storage solutions.

Dateline 2022-04-1, Lowyat.net:

Renewable energy is all the rage these days, and for good reason. The good news is, it looks like Malaysia is taking steps to rely more on them. The government is looking to increase green energy generation to 40% of the country’s energy supply by 2035.

Energy and Natural Resources minister Takiyuddin Hassan said that the ministry has set targets for renewable energy contribution for the country in its energy transition plan. The first is the aforementioned 40% green energy supply by 2035. He says that the “installed capacity for renewable energy in Malaysia so far is 8700MW, while y 2035 the capacity is projected to double to 18000MW”.

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Malaysia Targets 40 Percent Renewable Energy By 2035

May 7, 2022

Dateline 2022-04-01, Lowyat.net:

Renewable energy is all the rage these days, and for good reason. The good news is, it looks like Malaysia is taking steps to rely more on them. The government is looking to increase green energy generation to 40% of the country’s energy supply by 2035.

Energy and Natural Resources minister Takiyuddin Hassan said that the ministry has set targets for renewable energy contribution for the country in its energy transition plan. The first is the aforementioned 40% green energy supply by 2035. He says that the “installed capacity for renewable energy in Malaysia so far is 8700MW, while y 2035 the capacity is projected to double to 18000MW”.

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Malaysia not exporting renewable energy, says Takiyuddin

May 6, 2022

Why is this a thing?

Dateline 2022-03-31, The Edge:

The government does not export the renewable energy it produces, but instead uses it to attract more investors to the country, said Energy and Natural Resources Minister Datuk Seri Takiyuddin Hassan.

He said renewable energy was a top choice of a majority of foreign investors, especially those who chose to apply green technology in their industrial operations or investments.

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Enhancing the Engineering Profession

May 5, 2022

First off, I am all for continuous education. However, if you are taking a Masters to enhance your first degree so as to be able to register with the Board of Engineers, Malaysia, please ask them first. And understand, if your first degree is NOT engineering, then this won’t help you towards your BEM registration.

And this is moot in the near future, as their will be no top-up allowance for unrecognized first degree.. unless you register as a engineering technologist, and then top up? Loophole galore.

Dateline 2022-03-XX, The Star:

THE engineering field is not just a competitive profession but it is also constantly evolving. Therefore it is important to keep updated with the latest headways in the industry.

One effective way of doing so is pursuing a higher degree to enhance career opportunities within the field.

Monash University Malaysia’s Master of Applied Engineering (MAppE) at the School of Engineering is designed for fresh graduates and working adults with science and engineering academic backgrounds.

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Petronas is NOT acquiring cash-strapped Sapura Energy

May 4, 2022

Let’s see if this pans out for the historic record.

Dateline 2022-03-29, Upstream Online:

Malaysia’s national oil company Petronas is not going to be acquiring cash-strapped compatriot contractor Sapura Energy, which would have brought it under the same group as rival contractor Malaysia Marine & Heavy Engineering (MMHE) and shipping giant MISC.

Referencing news reports, comments in the media and recent speculation on its purported “talks with the government on a proposal to take a significant stake” in Sapura Energy, Petronas told Upstream that it “wishes to categorically deny these reports and speculation”.

“We have always been and will continue to be strictly guided by an established framework for any investment or divestment consideration,” said Petronas.

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Renewable energy contributes to a competent, credible local energy industry — Takiyuddin

May 3, 2022

Dateline 2022-03-26, The Edge:

The role of sustainable energy development, especially Renewable Energy (RE) in the energy transition agenda, contributes to a competent and credible local energy industry, said Energy and Natural Resources Minister Datuk Seri Takiyuddin Hassan.

He said the contribution of RE in supporting the country’s climate change aspirations was also evident when the rate of electricity generation capacity from RE sources increased from 5% in 2001 to 24% in 2021.

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Exploration in Malaysia to be expanded

May 2, 2022

Dateline 2022-03-24, Bangkok Post:

PTT Exploration and Production Plc (PTTEP) is preparing to explore a new offshore oil block in Malaysia under its “Coming Home Strategy” to focus more on new investments in Southeast Asia.

Malaysian national oil and gas conglomerate Petronas awarded the exploration rights at Block SB412, located off the northwestern coast of Sabah, to PTTEP through its subsidiary PTTEP HKO and its partner SapuraOMV.

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PTTEOP subsidiary wins bid to explore for oil in new block in Malaysian sea

May 1, 2022

Dateline ???, The Star:

A subsidiary of the PTT Exploration and Production has won a bid to survey for oil and gas in a new block in Malaysia’s sea, PTTEP said on Wednesday (March 23).

PTTEP’s chief executive officer, Montri Rawanchaikul, said the company’s subsidiary, PTTEP HK Offshore Ltd, and its Malaysian partner, SapuraOMV Upstream, have signed a production-sharing contract with Petronas. The joint venture was awarded the right to survey in Block SB412, northwest of Sabah state.

Montri said the joint venture won the Malaysia Bid Round 2021 to win the right to carry out the survey and now PTTEP has had 12 survey contracts in Malaysia.

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