Malaysian tax: Hibiscus takes action against Sabah government

August 15, 2022

Dateline 2022-06-08, Upstream Online:

Malaysian independent Hibiscus Petroleum said it has elected to stop paying the Sabah state government a tax levy that it previously paid “under protest”.

The state sales tax is levied by the Sabah government in relation to the sale of oil, produced from the Kinabalu oilfield, according to the terms of the Kinabalu oil production sharing contract, Hibiscus said.

Sabah won’t back down in talks over oil rights, says minister

April 27, 2022

He will bang tables? Okay….. if that floats your boat.

Dateline 2022-03-21, FMT:

Sabah local government and housing minister Masidi Manjun has said he would not back down on the issue of the state’s rights, including on oil and gas, in its negotiations with the federal government and Petronas.

Masidi, who is the head of the state’s negotiation team, said the terms in the talks were in line with the aspirations of the people.

“I’ll walk out of the negotiation room and bang tables if I am not satisfied,” he said in reply to a supplementary question from Shafie Apdal (Warisan-Senallang) at the state assembly today.

Malaysia’s Kimanis oil exports to fall in May on field maintenance

April 18, 2022

Dateline 2022-03-11, Reuters:

Exports of Malaysia’s flagship Kimanis crude oil are set to fall to six cargoes in May, down two from April, due to maintenance at oilfields offshore Sabah, a preliminary loading schedule showed on Friday.

Shell , operator of the oilfields that produce Kimanis, declined to comment. Oilfields equity owner Petronas (PETR.UL) did not immediately respond to a request for comment.

The Sabah Oil and Gas Terminal (SOGT), which processes oil and gas produced from the region’s offshore fields, will be shut in mid-May for brief maintenance, a source with knowledge of the matter said.

Malaysia’s Petronas offers 14 exploration blocks, discoveries, late-life assets

March 20, 2022

How about giving them to local communities and coops?

Dateline 2022-01-27, Reuters:

Malaysia’s state energy firm Petronas said it was offering 14 offshore exploration blocks, six clusters of discovered resource opportunities (DRO), and one cluster of late-life assets (LLA) in its annual bid exercise launched on Thursday.

The exploration blocks offered in the Malaysia Bid Round (MBR), aimed at attracting investors to undertake exploration activities, mostly contain existing oil or gas discoveries.

Those are located in prolific geological provinces within the Malay, Sabah and Sarawak basins, Petronas said in a statement.

Malaysia’s Petronas, Sabah state launch masterplan for gas development

March 5, 2022

Dateline 2022-01-04, Channel Asia:

Malaysia’s state oil firm Petronas and the resource-rich state of Sabah on Tuesday (Jan 4) launched a masterplan to develop the state’s natural gas resources, including the construction of a liquefied natural gas (LNG) plant.

The Sabah Gas Masterplan is the result of a joint study between the state and Petronas, both parties said in a joint statement.

It entails the construction of an LNG plant with a capacity of 2 million tonnes per annum (MTPA) at the Sipitang Oil and Gas Industrial Park, which will provide opportunities for Sabah to expand its LNG distribution across the state, they said.

Sabah earns RM1.4b via petroleum sales tax in 2021

February 7, 2022

How do I break into Sabah?

Dateline 2021-12-07, Malay Mail:

Sabah has projected an earning of RM1.4 billion from the newly-implemented sales tax from oil and gas companies this year, Chief Minister Datuk Seri Hajiji Noor said today.

Hajiji said the number was revised from the initial RM1.25 billion, due to the increase in global commodity prices.

Petronas to build Sabah’s first nearshore LNG facility at SOGIP, says chief minister

November 5, 2021

Dateline 2021-10-30, The Edge:

The Sabah state cabinet has endorsed the building of Sabah’s first nearshore liquefied natural gas (LNG) facility by national oil company Petronas at the Sipitang Oil and Gas Industrial Park (SOGIP), said Chief Minister Datuk Hajiji Noor. 

He said the LNG project, subject to a “final investment decision” in 2022, is a step in the right direction, as the state government continues to pursue more deals to get additional revenue via equity participation. 

Pakatan wants swift MACC probe into controversial Sabah pipeline project revival

November 4, 2021

Dateline 2021-10-23, Malay Mail:

Pakatan Harapan leaders issued today demanded explanation and urged authorities to launch a thorough probe into the government’s decision to revive projects seen as legacies of Barisan Nasional mismanagement.

The RM9.4 billion Trans Sabah Gas Pipeline (TSGP) and Multi-Product Pipeline (MPP) projects were scrapped by the former PH administration over alleged funding irregularities.

It was recently revealed that the projects had been revived by the succeeding government led by Tan Sri Muhyiddin Yassin in a decision communicated in February this year.

Controversy as RM4bil Sabah gas pipeline project revived

November 2, 2021

Dateline 2021-10-23, FMT:

Questions are being raised over the revival of a multi-billion ringgit project in Sabah that was scrapped by the Pakatan Harapan (PH) administration in 2018.

The scrapping of the Trans-Sabah Gas Pipeline (TSGP) project was widely reported at the time, though its revival by the Perikatan Nasional-led government was only recently revealed in Parliament.

DAP’s Kota Kinabalu MP Chan Foong Hin was the first to highlight the issue after learning the project was back on track following a written parliamentary answer from finance minister Tengku Zafrul Abdul Aziz.

Malaysia’s Petronas says maintenance underway at Kimanis oilfields

October 10, 2021

Dateline 2021-09-30, Financial Post/ Reuters:

Malaysia’s state energy firm Petronas said on Thursday that unplanned maintenance is underway at the Gumusut-Kakap oilfield operated by Royal Dutch Shell off the coast of Sabah.

“The operator is working to resolve the matter in ensuring the Kimanis crude oil achieves its peak production,” Petronas said in an emailed statement to Reuters.