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Monday, September 16, 2019

Tag: oil and gas

Sarawak wants all outstanding issues settled by Putrajaya by Oct 31

The state also wants Petronas to pay the 5% sales tax for petroleum products by the end of this month.

About half of new gas resources to be kept as feedstock,...

This is to ensure Sarawak has sufficient gas to drive the downstream activities of the natural gas industries in the state, says Abang Johari.

South China Sea oil deal tops agenda in Duterte-Xi meeting

China wants to 'expand practical cooperation to ensure steady and sustained progress' in its ties with the Philippines through the meeting, a Chinese Foreign Ministry spokesman says.

BP to exit Alaska in US$5.6 bil deal

The sale is part of BP's US$10 billion divestment programme to help the company shore up its balance sheet.

US ‘deeply concerned’ by China’s interference in Vietnam’s oil and gas...

The US calls into serious question Beijing's commitment to a peaceful resolution of maritime disputes in the South China Sea.

Shell blames lower energy prices for profit squeeze

Shell's net profit for the last three months came in at US$3 billion in comparison to US$6 billion in the same period last year. 

Sarawak won’t go bankrupt in 3 years, assures Abang Jo

He says Lim Guan Eng's presumptions were made without considering Sarawak's earnings from oil and gas and the states outstanding financial administration.

Help Sabah O&G contractors grow, Upko leader tells Petronas

Felix Saang says Sabah companies need assistance as they are presently unable to compete with more established companies from Peninsular Malaysia and Sarawak.

Petronas shuts Sabah-Sarawak gas pipeline for maintenance

LNG supply is not impacted as the shortfall is being made up by other fields in offshore Sarawak.

Sapura Energy posts first profit in 18 months

The country's largest oil and gas services company reported profit after five consecutive quarters of losses.

Oil and gas reserves can last 10 years, Dewan Rakyat told

The largest reserve is in Sarawak says minister Azmin Ali, adding that Petronas needs to continue searching for new reserves.

Total discovery opens new petroleum play off South Africa

An undisturbed oil and gas deposit has been found near South Africa.

Sapura Energy is Austria-based OMV’s partner in Asia-Pacific

OMV deputy CEO Johann Pleininger says Sapura Energy ranked top when it screened companies for its foray into the region.

Online hiring in O&G industry still flying high

The latest Monster Employment Index shows a 13% year-on-year growth for the month of October.

Petronas sets up team for renewable energy push

This follows the firm's announcement in March that it would explore new business areas including new energy and assess opportunities in solar power.

Think tank calls for sacrifices to reduce reliance on oil

As petroleum prices slide, Ideas recommends a review of subsidies among measures to sustain the Malaysian economy.

PAS’ inheritance from BN in Terengganu

The rubble left by the previous state government has become the burden of the present PAS-led administration.

Sarawak must settle its oil royalty dispute

Large international oil companies have already invested billions in our oil and gas industry, and we should not deter more investments from entering the state or nation.

Hibiscus Petroleum to double production

The company, which develops small oil and gas fields in Asia, has two major producing assets.

Petronas will lose money if we give 20%, says Dr M

Prime Minister Dr Mahathir Mohamad also defends the federal government’s collection of 5% from Petronas, saying the money will be used to help all the states.

Sabah to emulate Sarawak in controlling oil and gas laws

Chief Minister Shafie Apdal will instruct state attorney-general to look into the matter.

Thai firm behind Okea’s plan to list in Oslo within 12...

Okea's chief executive also said Bangchak Corporation was behind the earlier announced plan to list Okea in Oslo within 12 months.

Will Sepanggar transhipment hub get funds, wonders DCM

Previous federal government had vowed to fund RM1.8 billion project but current federal government has yet to release money to Sabah.

Increased online hiring in several sectors in Q2

Monster.com report notes increased hiring in IT, telecommunications, advertising, media, and oil and gas sectors compared to the first quarter of the year.