Many Sabahan O&G firms in ‘limbo’ – Upko Youth

July 10, 2019

Why? Isn’t Repsol and Hibiscus slinking round there? And there are newcomers everywhere, thank you.

Dateline 2019-06-13, Borneo Post Online:

Petronas has been urged to help Sabah oil and gas (O&G) contractors to grow as they are newcomers, thus unable to compete with other more established companies from Peninsular Malaysia and Sarawak.

Upko Youth chief Felix Saang said that Sabahan oil and gas players are new in the industry compared to their counterparts in the peninsula and Sarawak, thus they need to be given priority until they grow ‘big’ enough to compete on a level playing field.

Speaking to reporters after attending central Upko Youth Exco meeting here recently, he said he was informed many Sabahan oil and gas contractors were in limbo now as they were trapped in a difficult situation whereby they need experience and size before being able to bid for contracts while at the same time, they need contracts in order to gain experience and grow big.

Najib assures Sabah of more oil and gas revenue – Bernama

January 21, 2015

Dateline 2014-11-15, The Malaysian Insider:

Datuk Seri Najib Razak (pic) has assured Sabah that it would continue to get more revenue from its oil and gas resources.

The prime minister said apart from the oil and gas royalty of five per cent, Sabah was also given a 10% stake in Petronas LNG Train 9 Sdn Bhd in Bintulu, Sarawak, which would generate an additional revenue to the state and its people.

“That is why I had said, you can make a request, but let us negotiate and we have a formula that Sabah would receive more from the oil and gas revenue. This has been clarified by chief minister Datuk Musa Aman,” he said when opening the Pasokmomogun Kadazandusun Murut Organisation (UPKO) Convention in Kota Kinabalu, today.

UPKO tells PETRONAS to stay out

November 1, 2014

Yeah, PETRONAS. I’d set up some more security around Menara PETRONAS, in case there are ‘untold incidents’. Or move Menara further into the suburbs.

Dateline 2014-08-14, Free Malaysia Today:

The United Pasok Momogun KadazanDusunMurut Organisation (Upko), which recently urged the federal government to hand over its five per cent oil royalty to the Sabah government has come up with new demands.

The party now wants Petronas, the national corporation, to confine itself to the peninsula if it can’t meet a 20 per cent oil royalty demand by Sabah.

It also wants the National Petroleum Advisory Council, provided under Clause (5) of the Petroleum Development Act 1974 (PDA), to be set up as soon as possible.

Let Sabah have all 10% oil royalty – UPKO

October 23, 2014

Dateline 2014-08-10, Borneo Post Online:

United Pasokmomogun Kadazandusun Murut Organisation (UPKO) yesterday urged the Federal Government, which is receiving a five per cent share of the oil royalty from Petronas, to instead give it to the oil producing states.

“We in Upko have been saying all along, there is an urgent need for Sabah, being an oil producing state, to be given more than the five per cent share it is getting at the moment. I wish to reiterate our party congress resolutions for several years now, that the most practical solution is for Putrajaya to give its share to Sabah. This is doable,” said Upko acting president Datuk Madius Tangau.