November 7, 2022
Dateline 2022-08-18, FMT:
Two oil and gas firms have yet to pay the RM97 million in state sales and service tax (SST) on petroleum products owed to Sabah, says the state’s second finance minister Masidi Manjun.
According to The Borneo Post, the two firms are Repsol Oil and Gas Ltd and SEA Hibiscus Sdn Bhd. Masidi reportedly said there was no problem with the other oil and gas companies operating in Sabah as they had been paying the SST on time.
He added that Sabah would be able to rake in RM1.2 billion annually if all of the firms had paid the SST on time.
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Posted by Wata
October 20, 2022
Dateline 2022-07-23, The Edge:
The Sabah government wants more young people in the oil and gas industry in line with efforts to develop the industry in the state, said Chief Minister Datuk Seri Hajiji Noor.
He said Sabah had recorded a historic achievement through the establishment of SMJ Sdn Bhd, which is a fully state-owned oil and gas company, following the signing of the commercial cooperation agreement (CCA) with Petronas last year.
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Posted by Wata
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.
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Posted by Wata
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.
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Leave a Comment » | Malaysian election, oil and gas | Tagged: Masidi Manjun, Sabah | Permalink
Posted by Wata
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.
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Posted by Wata
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.
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Posted by Wata
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.
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Posted by Wata
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.
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Posted by Wata
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.
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Posted by Wata
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.
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Leave a Comment » | oil and gas | Tagged: Sabah | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 