Crucial for Malaysian O&G companies to innovate to survive — Dr Mahathir

July 2, 2019

For safety, at which point does/did innovation in safety features reach peak ALARP, and now O&M has to bear the flag?
Dateline 2019-05-23, The Borneo Post:

Prime Minister Tun Dr Mahathir Mohamad says the oil and gas (O&G) industry remains volatile and therefore, it crucial that Malaysia continues to highlight its potential in the oil, gas and energy (OGE) sector while keeping up-to-date with the latest innovation and technology to strengthen its position.

He said this in his support message for the upcoming Asian Oil, Gas & Petrochemical Engineering Exhibition (OGA) series which will be returning next month to showcase the latest cutting-edge technology and the most innovative companies/individuals in O&G industry.


Johor crown prince rebuts PM Mahathir, insists Johor was not informed about shipping hub project

May 18, 2019

Dateline 2019-04-02, Channel News Asia:

The crown prince of Johor, Tunku Ismail Sultan Ibrahim on Tuesday (Apr 2) hit back at Prime Minister Mahathir Mohamad for saying that the southern state has been aware of a new shipping hub project.

In a hard-hitting Facebook post, the royal stated that Dr Mahathir was “acting unconstitutionally” over the project, which would see the world’s largest ship-to-ship transfer hub being constructed in Johor Bahru’s port waters.

The crown prince noted that land and water matters are the state’s prerogative. He insisted that the royal family and the state government were not told of the project earlier.

“Whoever who says that Johor is aware is lying,” he said, without naming Dr Mahathir.


PM: Johor govt aware of STS transfer hub project

May 16, 2019

Dateline 2019-04-03, Malaysia Reserve:

The Johor government is aware of the US$180 million (RM734.4 million) ship-to-ship (STS) transfer hub development in the waters of Johor, said Tun Dr Mahathir Mohamad.

The prime minister (PM) said Johor Mentri Besar Datuk Osman Sapian is aware of the project and the development planned in the waters of the state.

“He had mentioned about this when he met me yesterday. This project has been discussed over a long time…I thought everyone knows about it,” he said at the signing ceremony between KA Petra Sdn Bhd and Hutchison Port Holdings Ltd in Putrajaya yesterday.

Dr Mahathir was responding to claims by Gerakan Muafakat Johor that the Johor state government has no knowledge of the project.


Dr M: ‘Buy in Singapore’ if you want cheaper gas

May 12, 2019

Dateline 2019-04-02, Malay Mail:

Malaysia will not follow Singapore in cutting liquefied natural gas (LNG) prices, Prime Minister Tun Dr Mahathir Mohamad said today.

When asked about the republic’s move to lower prices in line with the commodity’s global decline, Dr Mahathir said LNG price was already low in Malaysia due to price support from the government.

“Singapore has reduced its prices? Then please buy in Singapore.

“We are already selling it at a subsidised price and it is very low — lower (prices) than even in the big oil-producing countries — what more can you ask?” he said in jest.


Sabah politician urges Dr M to also review “unfair” oil royalty aside from water issue with Singapore

April 6, 2019

Dateline 2019-03-07, The Independent:

With Malaysian Prime Minister Dr Tun Mahathir Mohamad pressing for an increase in what he considers to be an unfair water price that Singapore pays for water from Malaysia, another Malaysian official is speaking out about a similar situation—this time with regards to the oil royalty agreement with the government of Sabah.
According to Jamawi, the 1976 Petroleum Agreement between Petronas and the government of Sabah is not aligned anymore with the state’s present needs.
The Assemblyman further said that Dr Mahathir has given voice to the dissatisfaction of Malaysia’s government with the current water agreement with Singapore.


Dr Mahathir : Malaysia moves towards greener diesel

January 17, 2019

Dateline 2018-12-11, The Edge:

Malaysia is going for a greener diesel in February next year.

Prime Minister Tun Dr Mahathir Mohamad today launched the B10 Biodiesel Programme that will see the fuel – comprising 10% palm oil biodiesel and 90% fossil diesel – used by all types of diesel vehicles in the transportation sector beginning Feb 1, 2019.

The use of 10% palm oil biodiesel in Malaysia for vehicles such as four-wheel-drive vehicles, lorries and buses will reduce the emission of greenhouse gases by 1.6 million tonnes of carbon dioxide equivalent per year, he said.

 


Budget 2019 is based on US$70 oil

December 11, 2018

Dateline 2018-10-18, The Star:

The government is estimating the 2019 Budget allocation based on average crude oil price of US$70 per barrel, although the benchmark Brent crude oil was nearing US$80 per barrel currently, said Prime Minister Tun Dr Mahathir Mohamad.

Elaborating further, he said allocation for the country’s development would be reduced, as it was unavoidable, but the operation budget would be maintained.

“For the 2019 Budget, we have to use our revenue, to that extent, to pay debts. We (however) cannot reduce the operation budget, it has to go on.