Dateline 2018-08-01, Today Online:
Malaysia has appointed Ahmad Nizam Salleh as the new chairman of state-owned oil company Petroliam Nasional Bhd (Petronas) effective immediately, the prime minister’s office said on Wednesday.
Ahmad Nizam has spent most of his 37-year career in the oil and gas industry at Petronas, the office said, and replaces Sidek Hassan.
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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.
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Dateline 2015-07-02, TMI:
Petronas denies controlling the price of petrol in the country, saying the government is the only party responsible.
Speaking to media at a corporate social responsibility (CSR) event in Kuching last night, Petronas chairman Tan Sri Sidek Hassan said Putrajaya determines the price for RON95 and RON97 from the market price for crude oil, the Borneo Post reported.
“It has been agreed that petrol pump prices is based on the government’s decision, and is tagged to the market. So when the market moves up then it will go up and vice versa.
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What two cities we talking about here?
Dateline 2015-06-08, AOG:
The oil and gas industry is facing a tale of two cities as it is experiencing the best of times and yet the worst of times said the chairman of PETRONAS, Tan Sri Sidek Hassan in a meeting at Oil and Gas Asia (OGA) 2015.
He said that the industry’s output is growing at a rapid pace thanks to shale revolution that has transformed the US market.
The US now produces around 9 MMbbl/d, an 80% growth from the 5 MMbbl/d produced in 2008 and global oil demand is expected to increase by 1.1 MMbbl/d in 2015.
“Operating cost that shot up during the highs of US$115 oil price has not decreased as fast as crude oil prices and the industry estimates an anticipated layoff of over 100,000 people worldwide during this down cycle,” Sidek advised.
It might not be possible for us to predict with certainty what the oil price would be next month or next quarter, Sidek said, but we can prepare the industry to weather the fluctuations with what we do best, which is to continuously innovate.
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… And the rat race continues anew.
Dateline 2015-07-02, TMI:
Petroliam Nasional Berhad (Petronas) is leading the Cost Reduction Alliance, Coral 2.0, an industry-wide effort towards cost discipline which involves 25 petroleum arrangement contractors (PACs).
The aim is to inculcate a cost-conscious mindset that will ultimately embrace a structural change Malaysia’s upstream business environment.
“This is not a mere cost cutting exercise. Beyond that, it is about ensuring the robustness and sustainability of our business,” Petronas’ chairman Tan Sri Sidek Hassan said in his speech at the opening ceremony of 15th Asian Oil, Gas and Petrochemical Engineering Exhibition (OGA 2015) today.
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Dateline 2013-06-05 from Bernama:
PETRONAS is optimistic on Malaysia’s oil and gas industry with the emergence of new technologies that facilitate greater oil and gas field explorations.
Chairman Tan Sri Mohd Sidek Hassan said industry players in the region were investing billions of ringgit to develop new technologies.
“There are more deepwater reserves discoveries (of late) as new technologies have aided previously uneconomical reserves to be revisited,” he told reporters at the opening of The 14th Asian Oil, Gas and Petrochemical Engineering Exhibition (OGA 2013) here today.
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Wata - Malaysian Oil and Gas Engineer 