STAR: Sarawak should get part of Petronas dividend

December 20, 2018

Dateline 2018-11-03, Malay Mail:

Sarawak should have a fair share of the RM30 billion special dividend that state-owned Petroliam Nasional Berhad (Petronas) will pay to the federal government, State Reform Party (STAR) president Lina Soo said today.

She said Sarawak is producing as much as 800,000 boe (barrel oil equivalent) per day, and with the oil price hovering around US$77 per barrel, it is equivalent to RM250 million on a daily basis.

Set deadline for getting 20% oil royalty, says Kitingan

October 6, 2018

Dateline 2018-07-20, FMT:

Opposition Sabah politician Jefferey Kitingan has proposed two dates by which the Pakatan Harapan federal government may honour its manifesto promise of a 20% oil royalty payment to Sabah and other oil-producing states.

Kitingan, president of the local STAR party, suggested Sept 1 or Jan 1 as the date by which oil royalty should be paid, and urged Parti Warisan Sabah, allies of Pakatan Harapan, to push for a firm date.

However, an activist for states’ rights has questioned whether the federal government would pay royalties or a share of the profits earned by national oil company Petronas.

‘Outrageous’ for Chong to object to OMO58 — Soo

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.

Oil ownership case may ‘break’ Malaysia, STAR warns

July 12, 2018

Oo, does that mean we will have ‘Malay’ and ‘Sia Republic’?

Dateline 2018-06-06, FMT:

Parti Solidariti Tanah Airku (STAR) president Jeffrey Kitingan today warned that any court ruling favouring Petronas in the matter of petroleum resources ownership could signal “the end” of Malaysia.

“If the federal government insists on this, we will go back to the basis of the formation of Malaysia.

“What do they want to do? Break up Malaysia? This is a big case, and I am surprised the state government is not saying anything about it,” he told reporters after attending the annual Double Six memorial day here.

No need Federal allocation if Sabah gets 50pc oil royalty, says Jeffrey

March 3, 2012

50% Royalty? Pleeze…

Dateline 2012-02-16:

Sabah State Reform Party (STAR) on Wednesday said that if Sabah were to receive 50 per cent oil royalty from Petronas, it would not even need Federal allocation to develop the state.

Its Deputy Chairman, Daniel John Jambun said this in response to a statement by Sabah BN Secretary Datuk Abdul Rahman Dahlan who said that Sabah would be compromised if Federal allocation or funds under the Malaysia Plan is reduced so as to pay the proposed 20 per cent oil royalty.

“Abdul Rahman forgot that under the Tenth Malaysia Plan (10MP), Sabah and Sarawak combined, are getting only about RM9 billion as compared to about RM100 billion for the Peninsula.

“At this rate of allocation, Sabah is actually getting less than RM1 billion per year throughout the five-year Malaysia Plan.

“As such, the Federal allocations are not much and hardly fulfil all the development needs of Sabah,” he said in a statement.

Sabah’s opposition divided over oil

January 31, 2012

Dateline 2012-01-26:

Mere hours before Opposition Leader Anwar Ibrahim flew into Kota Kinabalu for a PKR Chinese New Year gathering, Jeffrey Kitingan issued a policy statement on the federal government’s payment of oil royalty to the oil states.

Jeffrey’s State Reform Party (STAR) wants a hike in the present measly five percent oil royalty to 50 percent, covering both the inner and outer waters. More on this in a while.

Earlier, just before Chinese New Year, the Sabah Progressive Party (SAPP) revealed its economic plan which, among others, held out without much hope for a 20 percent oil royalty. The party’s other ideas for the oil and gas resources are to try and squeeze export duties, excise, and land taxes.

From the Star: Talisman Scholar Visits Offshore

December 3, 2009

Taken from the Star, dateline 2009-11-29

WORKING on an oil rig isn’t something many would relish, but Gan Hui Ling, 23, enjoyed her stay and made full use of her offshore experience.

Spending a week aboard the Bunga Raya Platform – located in the overlapping maritime zone of Malaysia and Vietnam – the Universiti Teknologi Malaysia (UTM) Bioprocess Chemical Engineering final-year student familiarised herself with the processes and equipment aboard the rig.

Though thankful that she wasn’t claustrophobic, Hui Ling’s only gripe was the rig’s limited space, which raised some accommodation problems.

Hui Ling says that the scholarship award gives her more motivation for her final year.

Her one week on the rig was part of her internship with Talisman Malaysia Limited, the national division of the oil and gas company from Calgary, Canada.

We hope that this inspires more lady engineers to break into oil and gas. Read ‘accomodation problems’ as ‘a four bunk room had to be emptied for one lady’, or have they changed policies offshore already?

You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.

From the Star – Govt may be pressured to review prices of petrol

November 7, 2009

From the Star, dateline 2009-10-23:

Crude oil prices up 15% since start of October

PETALING JAYA: Rising crude oil prices in the international market may up the pressure on the Government to review local pump prices to rein in the country’s huge fuel subsidy bill.

Crude oil yesterday retreated from a high of US$82 per barrel hit in New York overnight, but remained above the US$80 mark during Asian trading hours yesterday.

At the current level, crude oil had surged 15% since the start of October and more than doubled from a low of US$34 per barrel in March.

And just in time for the next general elections.


Crude oil trending - taken from the Star

From the Star – Petronas awards two offshore contracts

November 3, 2009

From the Star, dateline 2009-10-27 (I’ve been away, okay?):

PETALING JAYA: Petroliam Nasional Bhd (Petronas) awarded two production sharing contracts (PSCs) for Block SB309 and Block SB310 offshore Sabah with an estimated minimum financial commitment of US$75mil and US$117mil respectively yesterday.

In a statement, Petronas said the PSCs were awarded to a partnership between its exploration and production arm Petronas Carigali Sdn Bhd and Talisman Energy Inc’s wholly owned subsidiary, Talisman Malaysia Ltd.

Talisman Energy is a global, diversified, upstream oil and gas company headquartered in Canada.

Under the terms of the PSCs, Talisman Malaysia, with participating interest of 70% in each block, will operate both blocks.

Here’s something to follow up in the year, ooh maybe 2012 (3 years exploration rights, I assume).

And why does everyone spell PETRONAS with lower case? Non-O&G reporters…


From The Star – PETRONAS to cut Costs

June 28, 2009

Dateline 2009-06-26:

Petroliam Nasional Bhd (PETRONAS) is seeking to slash its expenditure by 30% from the amount it spent in its 2006 fiscal year.

“There must be shared misery. We must have a hard look at costs,” said president and CEO Tan Sri Mohd Hassan Merican.

I’m getting mixed messages. The previous week’s articles said that O&G market is getting back on its feet. And then PETRONAS cuts expenditure (and the companies at their knees). And for growing companies like mine, how we gonna pay for milk and diapers?

You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.