Petronas CEO: Dividend payout to Malaysian govt will depend on affordability

October 7, 2020

Hahahahahahahahahaha (snort). Seriously, pigs have been equipped with jetpacks already?

Dateline 2020-09-04, Malay Mail:

National oil company, Petroliam Nasional Bhd (Petronas) says dividend payout to the government this year will depend on its affordability in light of the plunging oil prices and Covid-19 pandemic, which has taken a toll on its financial performance.

President and group chief executive officer Tengku Muhammad Taufik Tengku Aziz said Petronas’ year-end results would be the guidance to set the expectation and the group would have to deliberate on the board subject to the company’s affordability.

He also stressed that there is no pressure from the government on it given the unprecedented challenges that oil and gas companies were facing.

“This industry is volatile and like other oil and gas companies, the shareholders will tend not seeing so much returns.

…

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Posted by Wata

MOGEC GOLF CLINIC 2020 , 17th OCT 2020(SATURDAY), 8.00am & 2.30pm @ Puncak Alam Golf Driving Range

October 6, 2020

Guaranteed a fun learning experience from Malaysian Professional Golfers! 

RM150.00 per person for 3 hours including coach,golf balls,meals and network with industry players.

Date : 17th Oct 2020(Saturday)

Time: 8.00am & 2.30pm 

Venue: Puncak Alam Golf Driving Range 

Limited to 100 pax only ! Register now! 

We welcome corporate and individual sponsors. All sponsors names will be prominently displayed at the event.

Registration & Sponsorship form : 

https://forms.gle/pGCzdHrU3tixjqdU9

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Posted by mogecweb

Limbang among blocks where Petros may lead petroleum management

October 6, 2020

Dateline 2020-09-06, Malay Mail:

 The federal government is currently in discussions with Petronas for Petros to lead the petroleum management site regulations on onshore activities at blocks including Limbang.

Petros vice-president portfolio and planning Abang Arabi Abang Narudin disclosed this in reply to Deputy Minister of Transport and Limbang MP Hasbi Habibollah during a question and answer session at the Parti Pesaka Bumiputera Bersatu (PBB) Convention for the northern region here yesterday.

Hasbi said Chief Minister Datuk Patinggi Abang Johari Tun Openg had previously mentioned the possibility of oil being found in Limbang.

…

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Posted by Wata

Shout Out – MOGEC Golf Clinic

October 5, 2020

My organization will be having a Golf Clinic on 17th October 2020 (Saturday) at BOTH 8.00am & 2.30pm. Come along, and swing your club in front of other aspiring candidates! This will be at Pucak Alam Driving Range.

Help a brother out, we welcome corporate and individual sponsors. Let’s see, I need a recyclable big shopping bag, and a multitool…

mogec-golf-clinic-2020-flyerDownload

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Posted by Wata

Malaysia’s Petronas looks to reshape portfolio after quarterly loss

October 4, 2020

Wait, it made a loss 5 years ago? Last election?

Dateline 2020-0916, Reuters:

Malaysian state-owned energy giant Petroliam Nasional Berhad said on Friday it would reshape its portfolio after reporting its first quarterly loss in nearly five years following a coronavirus-related demand slump and lower oil prices.

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Posted by Wata

Dive Bidong 2002-08 2oo2

September 30, 2020

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Posted by Wata

Incident At PETRONAS LNG Complex In Sarawak

September 29, 2020

Dateline 2020-09-01, petronas.com:

Malaysia LNG Sdn. Bhd. (MLNG) wishes to confirm that an incident involving one fatality and one injury had occurred at PETRONAS LNG Complex, Sarawak at approximately 2pm on 31 August 2020. The incident occurred at the Acid Gas Removal Unit (AGRU) drain containment which is currently under maintenance. Both contractors were sent immediately to the hospital where it was confirmed that one of the contractors had passed away while the injured contractor is currently receiving medical treatment. 
Investigation is currently being carried out and all relevant authorities have been informed of the incident. The operations at PETRONAS LNG Complex remains unaffected and further information with regard to the investigation outcome will be provided in due course. 
MLNG is deeply saddened by the incident and we would like to extend our heartfelt condolences to the family of the deceased.

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Posted by Wata

SDMC: Non-Sarawakians in O&G industry entering state now required to undergo 14-day quarantine

September 28, 2020

I don’t know what the status is as of today, but hey.

Dateline 2020-09-01, The Borneo Post:

Non-Sarawakian workers in the oil and gas industry who are entering Sarawak will be required to undergo quarantine effective today, said the State Disaster Management Committee (SDMC).

It said in a statement that Malaysians from Peninsular Malaysia, Sabah and Labuan as well as non-Malaysians who are signing on from their platforms will be placed at a quarantine centre in the state for 14 days.

“An rT-PCR test will be taken on the second and tenth day of quarantine.

…

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Posted by Wata

Positive outlook for renewable energy

September 27, 2020

Dateline 2020-08-31, The Star:

The outlook remains positive for the renewable energy (RE) sector despite growth being halted by stalled business activities resulting from the Covid-19 pandemic.

Industry players believe the pause is temporary, and that it is already on the rebound.

They noted that the long-term drivers for investment remain strong. There is also rising pressure for corporates to comply with environment, social and governance (ESG) policies. The movement control order (MCO) has curbed investments, installation and financing for projects.

The Sustainable Energy Development Authority (SEDA) Malaysia said in an email that it had several virtual meetings with RE players to understand their pain.

…

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Posted by Wata

Malaysia is building a trio of sustainable biodiverse islands for people to live on

September 26, 2020

Really? Also, why not build it on the Straits side, so we can increase our marine boundaries?

Dateline 2020-08-28, Lonely Planet:

Malaysia is building three artificial islands off the coast of Penang all centred around sustainability, biodiversity and livability, complete with autonomous public transport networks, lots of green spaces and radical design projects.
Each island is shaped in the form of a lilypad and will be composed of mixed-use districts that can house up to 18,000 residents each, as well as beaches, urban wetlands, public parks, forests, cultural quarters, technology hubs and a 25-kilometer-long waterfront. It’s a car-free environment where each district is connected by a land, water and air-based autonomous public transport networks, as well as cycle lanes and elevated boardwalks for pedestrians. The islands will be powered by renewable energy, while the buildings will be constructed from bamboo and Malaysian timber, as well as recycled materials.

…

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Posted by Wata

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