Ex-Caltex operators planning to sue ministry

October 29, 2017

Dateline 2017-09-14, FMT:

Two former Caltex petrol station operators are planning to sue the domestic trade, cooperatives and consumerism ministry (KPDNKK) for claims the ministry did not defend its 2000 circular on implementation of self service at petrol stations across Malaysia.

Former operators Fadzilah Abd Hamid and his wife, Fauziah Ahmad Fadzil, have alleged that this circular had caused their contracts to be terminated by Chevron Malaysia Limited, which owned Caltex stations here.

“We adhered to the April 11, 2000 circular which said we operators do not need to bear any cost for the implementation of the self service system and the oil company is the one which should fork out the money for the system,” he told reporters at a press conference today.

He added Caltex, as it was known then, had ordered them to pay the cost for the system’s implementation, going against the circular’s order.

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Even Big Oil Is Admitting Oil Prices WON’T Rebound Soon

September 3, 2015

Nah, as soon as we have happy with 1MDB, the prices will rebound. I say 3Q 2015. And the Chronicle copied the article verbatim, even the embedded ads. Did your reporter work for an oil & gas engineering house?

Dateline, 2015-08-02, Malaysia Chronicle:

Chevron acknowledged on Friday what the other major oil companies have been reluctant to say publicly: Cheap oil is here to stay, perhaps for years.

“We lowered our long-term price outlook,” Chevron Chief Financial Officer Pat Yarrington told investors during the company’s second-quarter earnings call. Although she declined to offer specifics, she suggested that the oil majors will just have to get used to low oil prices.

After Chevron and the other two U.S. “supermajors” — ConocoPhillips (COP – Get Report) and Exxon Mobil (XOM – Get Report) — reported disastrous earnings this week, they tried to appease investors with dividends and major spending cuts.

The most important factors for Chevron’s lowered price outlook, Yarrington said, were slow global economic growth — particularly in China — and abundant shale production in the U.S.

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Taken from AOG – Kutei Basin

March 13, 2009

Taking the article from the Asian Oil & Gas magazine,

More Kutei Basin fields in development frame: Indonesia’s first producing deepwater field, West Seno, looks set to be joined by several other fields in the Kutei Basin in the Makassar Strait off the coast of East Kalimantan, all under the operatorship of Chevron.

AOG 2009-03 Kutei Basin

AOG 2009-03 Kutei Basin

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