October 15, 2018
Dateline 2018-07-25, Borneo Post:
Chief Minister Datuk Patinggi Abang Johari Tun Openg has revealed that Petronas met him after it failed to get the application for leave from the Federal Court.
He, however, declined to reveal what was discussed during the meeting.
“Yes, they did come to see me recently, after the Federal Court’s decision, but I cannot reveal what was discussed during the meeting.
“Of course, we discussed some of the win-win-proposals together. We are not that greedy.
“Okay that is our right. Petronas wants to take and sell the oil, which is our right, so they have to negotiate with us,” he told a press conference after launching the Land and Survey Department’s Innovation and Integrity Day here yesterday.
…
Leave a Comment » | 
oil and gas | Tagged: Abang Johari Openg, Petronas | 
Permalink
Posted by Wata
October 1, 2018
Dateline 2018-07-18, Borneo Post Online:
Minister of International Trade and E-Commerce Dato Sri Wong Soon Koh waxed philosophical when asking Petroliam Nasional Berhad (Petronas) to consider withdrawing their suit on exclusive ownership of oil and gas resources in Sarawak.
Asking the court to interpret the Petroleum Development Act 1974 (PDA74) without first recognising the supremacy of the Malaysia Agreement 1963 (MA63) is like looking at a leaf on a tree without recognising that, without the roots, there would be no tree and no leaf, Wong said.
“The leaf (like the PDA) is insignificant. The roots give life to the tree just like the Malaysia Agreement gave life to Malaysia.”
…
Leave a Comment » | oil and gas | Tagged: MA63, PDA74, Petronas, Sarawak, Wong Soon Koh | Permalink
Posted by Wata
September 29, 2018
Dateline 2018-07-12, Borneo Post:
State Reform Party Sarawak (STAR) president Lina Soo described it as outrageous when Kota Sentosa assemblyman Chong Chieng Jen defended the federal government and Petroliam Nasional Berhad (Petronas) by objecting to the Oil Mining Ordinance 1958 (OMO58) which pre-dates the Malaysia Agreement 1963 (MA63) and the Petroleum Development Act 1974 (PDA74).
Soo said by voicing his objection to the Oil Mining (Amendment) Bill, 2018 in the State Legislative Assembly (DUN), Chong was in effect rejecting Sarawak’s rights to its oil and gas resources and giving the rights absolutely to Petronas on a silver platter.
“What is wrong with Sarawak asserting its authority and power to regulate the mining industry in Sarawak?” she asked in a press statement yesterday.
Soo asked if Chong was implying that Petronas has the power to subvert the sovereignty of Sarawak and its protective municipal laws; namely Order in Council 1954, Land Code 1958, OMO58, and Supplementary Deed 1965.
…
Leave a Comment » | oil and gas | Tagged: Chong Chieng Jen, Lina Soo, OMO58, Petronas, Sarawak, star | Permalink
Posted by Wata
September 25, 2018
Dateline 2018-07-08, The Sun Daily:
Industry players believe that the turf war of sorts between Petroliam Nasional Bhd (Petronas) and the Sarawak state government is likely to affect new investments into the state’s oil and gas sector more than existing players in the market.
A senior analyst who spoke to SunBiz on condition of anonymity said those who are already operating in the state might not see much of an impact at this juncture, but it is best for fresh entrants to take on a wait-and-see approach as the matter unfolds.
Kenanga Research in its note to investors last Thursday said it expects the ongoing tussle between Petronas and state-owned Petroleum Sarawak Bhd (Petros) to continue with anticipation of Petronas pursuing a court case, although this might delay the awards of Production Sharing Contracts (PSC) in the state.
…
Leave a Comment » | oil and gas | Tagged: Petronas, Sarawak | Permalink
Posted by Wata
September 24, 2018
Dateline 2018-07-09, The Malaysian Reserve:
For over a decade from the early 1990s, Petroliam Nasional Bhd (Petronas) was the champion of national oil companies (NOCs) challenging the established order in the global petroleum industry.
Then, it was relatively unheard of for state oil firms to venture outside their national borders to prospect for oil and gas (O&G), strictly the domain of international oil companies (IOCs).
Established players like Exxon Mobil Corp, Royal Dutch Shell plc and BP plc became the giants that they are today by making the highly risky business of finding and extracting O&G resources from the ground their specialty.
…
Leave a Comment » | oil and gas | Tagged: Dutch, ExxonMobil, Petronas | Permalink
Posted by Wata
September 18, 2018
Dateline 2018-07-04, Borneo Post:
The recent press statement from Petroliam Nasional Berhad (Petronas) is described as a strongly-worded statement that is both arrogant and insensitive.
In the statement, Petronas maintains its claim over Sarawak’s oil and gas resources; that it has exclusive ownership of the petroleum resources in Malaysia, and that it is the sole regulator of the upstream sector in the country.
Minister of Tourism, Arts, Culture, Youths and Sports Datuk Abdul Karim Rahman Hamzah said the statement did not bode well with Sarawak and its people, and wondered if this was a new form of colonisation.
…
Leave a Comment » | engineering | Tagged: Abdul Karim Rahman Hamzah, Petronas | Permalink
Posted by Wata
September 16, 2018
Dateline 2018-07-02, FMT:
Petronas maintains that it has exclusive ownership of the petroleum resources in Malaysia and is the sole regulator of the upstream sector in the country.
It said this in reference to a press statement by the Sarawak chief minister’s office yesterday on the state government’s intent to exercise its power under the relevant laws relating to oil and gas activities in the state.
Moving forward, Petronas said it would closely monitor the situation, including seeking views and guidance from the federal government, being the sole shareholder of Petronas, in carrying out its duties.
…
Leave a Comment » | Malaysia, oil and gas | Tagged: Petronas | Permalink
Posted by Wata
September 15, 2018
For the historical record:
Dateline 2018-07-02, Business Times:
PETRONAS, Malaysia’s national oil company (NOC) confirmed on Monday that Sidek Hassan has stepped down as chairman of its board.
Petronas stopped short of identifying Mr Sidek’s successor though Malaysian media have earlier speculated that Hassan Marican – now chairman of Sembcorp Marine, Singapore Power and Pavilion Energy – may return to helm the NOC’s board.
…
Leave a Comment » | Malaysia, oil and gas | Tagged: Petronas, Sidek Hassan | Permalink
Posted by Wata
September 12, 2018
Dateline 2018-06-30, NST:
THE Sarawak government is expected to enforce the Oil and Mining Ordinance 1958 (OMO 1958) tomorrow after Petroliam Nasional Bhd (Petronas) was denied leave to commence legal proceedings to seek a declaration on the Petroleum Development Act 1974 (PDA) being the law applicable for the petroleum industry in Malaysia.
Petronas is seeking a declaration that it is the exclusive owner of the petroleum resources and the sole regulator for the upstream industry in Malaysia while the state government is seeking to regulate the oil and gas (O&G) industry based on its laws — OMO 1958, the Land Code of Sarawak and the Gas Distribution Ordinance 2016.
The national oil company believes that the determination by the Federal Court would help provide clarity on its rights and position under the PDA.
Legal firm Azmi & Associates partner Zuhaidi Mohd Shahari said Petronas’ authority as the regulatory body in petroleum and gas in Malaysia as provided for under PDA1974 had never been really contested.
“What Petronas did was to seek declaration that the PDA supersedes the Sarawak state laws on mining. Unfortunately, the Federal Court did not grant (permission) for that suit to be heard by the Federal Court.
…
Leave a Comment » | Malaysia, oil and gas | Tagged: OMO, Petronas, Sarawak | Permalink
Posted by Wata
September 9, 2018
Dateline 2018-06-24, Malaysiakini:
On Friday, the Federal Court dismissed Petronas’ application for leave to challenge Sarawak’s aspirations to reassert regulatory control over its own oil and gas.
The Federal Court also struck out Petronas’ application for an order preserving the status quo which, at least for now, appears to enable Sarawak to proceed with its intention of implementing its own oil and gas regulatory regime by July 1.
As much as we welcome it, Sarawakians must be cautious in embracing the Federal Court decision.
Petronas’ leave application was dismissed solely on the grounds that the declaratory relief sought did not come within the exclusive original jurisdiction of the Federal Court.
…
Leave a Comment » | engineering, investment, Malaysia, oil and gas | Tagged: Petronas, Sarawak | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 