August 4, 2021
Is Shell exiting, or wo’? Maybe it will exit PETRONAS , and enter PETROS?
Oo, and the page has an article titled “Petronas surrenders to Sarawak tax demands as CEO walks“
Dateline 2021-07-29, Energy Voice:
Significantly, Sarawak state-energy company Petroleum Sarawak (PETROS) will hold a minor stake in Block SK437, marking its first involvement in an offshore exploration production-sharing contract (PSC).
Shell will operate the 2,015 sq km block, which lies southwest of the Central Luconia province in waters 50 metres deep, with an 85% interest. Malaysian national oil company (NOC) Petronas Carigali and PETROS will each hold a 7.5% stake in the acreage.
Since the 1970s, significant oil and gas reserves have been discovered offshore the eastern Malaysian state of Sarawak, which have helped supply one of the world’s largest liquefied natural gas (LNG) export plants in Bintulu.
August 3, 2021
Why is the IEM OGMTD not making press statements about this? First thing is, how the heck does an underground tank catch fire? There ain’t enough oxygen.
Dateline 2021-07-27, Malay Mail:
An employee was injured after the underground tank at a petrol station at Jalan Brother Albinus here caught fire around 10am today.
An explosion was heard as the fire sent a thick plume of smoke high above the side of the petrol station.
Members of the public in the vicinity were seen running helter-skelter.
Staff of the petrol station managed to put out the fire with fire extinguishers before it caused further damage.
July 31, 2021
Dateline 2021-07-22, Reuters:
Royal Dutch Shell (RDSa.L) launched the sale of its stakes in oil and gas fields it does not operate off the coast of Malaysia, according to a document seen by Reuters.
The Anglo-Dutch company announced in March that it was considering selling its stakes in the Baram Delta EOR and the SK307 production-sharing contracts which are operated by Petronas Carigali Sdn Bhd, a unit of state energy firm Petronas.
The sale process for the two stakes, launched this month, is being run by investment bank J.P. Morgan, according to the sales document.
December 1, 2020
Dateline 2020-11-01, Daily Express:
THE idiom “a slap in the face” means a sharp rebuke or rebuff. Shell’s planned pull out is an extensive pull-down for Sabah fragile economy.
Besides its promises, it has been and will continue to make millions from the pumping of our petroleum out of its two deep water wells. Shell is not pulling out of Malaysia. It is moving its upstream office out of KK and will build a new office to house them in Miri. The question is what are the underlying factors that have led to the Shell pull out.
Impotent words from Sabah politicians. Sabah political leaders have united for once to beat their war drums, showing their rage on this Shell pull out.
November 14, 2020
Dateline 2020-10-25, FMT:
An analyst believes Shell’s decision to downsize its operations in Sabah and move its personnel into Sarawak was partly driven by the political stability in the latter.
Sociopolitical analyst Awang Azman Pawi said the stability of the state government under the leadership of Chief Minister Abang Johari Openg has managed to instill foreign and local investors’ confidence in Sarawak.
“This has (particularly) attracted foreign investors to pump more investments into Sarawak and this can also be attributed to this latest move by Shell (in Sabah),” he told FMT.
“The repositioning of Shell’s focus (back) to Miri is because Sarawak is seen to be having a clearer state policy as well as better facilities. This exudes confidence that the state is prepared to further develop and move forward in the oil and gas industry.”
According to Awang Azman, Sarawak’s determination in defending its rights by being bold enough to stand up to Putrajaya on issues pertaining to oil and gas was also another consideration.
November 12, 2020
IGL is ready to step into the void, using the concept community owned entities (COE) to bring wealth to the local landscape. I would have called it community owned commercial kickstarters, but the acronym would have been hilaaaariuos.
Dateline 2020-10-23, The Malaysian Insight:
SHELL’S announcement on October 15 that the Plaza Shell Office at Kota Kinabalu will be closed with a relocation of all Sabah staff to the new Miri headquarters in 2021 was received with unceremonious silence.
The Kota Kinabalu office was set up in November 2015 with promises of Shell’s significant presence, strategic partnership and offer of measurable progress for the Sabah state. This change of commitments, a sad truth on change of events, draws much reservation, suspicion and unveils unprecedented break of promises from Shell to Sabah, its people and communities.
The well-set and progressive 200 Shell staff occupying four floors of the 14-storey Plaza Shell, a distinguished landmark in Kota Kinabalu being strategically located in the city’s business district may see the last of its pivotal presence very soon. Their lives, sadly, may never be the same again.
September 27, 2018
Dateline 2018-07-11, Borneo Post:
Shell Malaysia recognises the safety efforts of its business partners and contractors for their top safety leadership during the 11th Shell Malaysia Safety Awards held towards the end of June.
More than 200 guests comprising of business partners and contractors to Shell attended the recent Shell Malaysia Safety Awards (SMSA) to appreciate and recognise safety leaders within the industry. The gala dinner was hosted by Datuk Iain Lo, chairman of Shell Companies in Malaysia.
“We are now entering the fifth year of the SMSA and I am proud that this event is going from strength to strength, mainly because of the continuous partnership and support from our business partners and contractors.
August 27, 2018
Dateline 2018-06-20, Oil & Gas Technology:
Shell Gas Holdings (Malaysia), a subsidiary of Royal Dutch Shell, announced today that it has completed the sale of its 15 per cdent shareholding in Malaysia LNG Tiga Sdn Bhd (MLNG Tiga) to the Sarawak State Financial Secretary (SFS) for an agreed consideration of $750 million.
December 19, 2017
Is this an advertorial?
Dateline 2017-11-07, NST:
As Sabah contributes about 50 per cent of the country’s oil production and with 60 per cent of production in the state comes from Shell, the oil company hopes to keep oil production competitive and growing sustainably in the next years to come.
Sabah Shell petroleum company general manager Ian Lim said Shell is doing well in oil production performance over the years, particularly in Sabah deep water.
“Within the Shell group, we compete very well. One of the things we are proud of is that in a lot of internal conversation, whenever we talk about business, we talk about which team and asset is producing well.
“The word Sabah deepwaters shows up and it’s really a proud moment as well as recognition to the team and where we are at. Of course, there is still improvement to be made but Shell is on (the right) track,” he said.