If this was an oil & gas project, there would be:
- Barricades to prevent the casual suicide.
- Warning notices to civilians to stay away
- Certificate of fitness by a scaffolding QA specialist.
From the Asahi Shimbun, dateline 2013-05-12:
By SYAHRILAZLI MAHAMMAD/ Executive director, Malaysia Petroleum Resources Corp.
With oil consumption in the Asia-Pacific region increasing more than 30 percent since 2000, Malaysia has been bolstering its role as an energy consumer and regional hub for energy trading. In cooperation with Singapore, with its strong financial and IT sectors, Malaysia–a key exporter of oil and gas to Japan–is striving to become a global center of the energy industry.
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Malaysia is a bridge between the markets of Europe and those of China and the rest of Asia. Until now, Malaysia has developed as an oil and gas producer, but economic growth has pushed domestic demand to the point where supply capacity will probably decline in future, not just in Malaysia, but throughout Southeast Asia.
In fiscal 2011, for example, Malaysia was the largest supplier of Liquefied Natural Gas (LNG) to Japan, but it now has started to import LNG from elsewhere. Malaysia is currently building facilities on the Strait of Malacca for the regasification of imported LNG for distribution across the country.
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From the Borneo Post, dateline 2013-05-07:
The recently held general elections will likely spur more activity in the oil and gas (O&G) industry as a faster pick-up in momentum for the rollout of projects in Malaysia, which has seen a lull in the past two months.
In a sector update, AmResearch Sdn Bhd (AmResearch) said that the projects that had been delayed included the RM8 billion to RM10 billion Pan-Malaysian hook-up, construction and commission (HUCC) umbrella contract as well as several massive fabrication contracts for central processing platforms off Terengganu and East Malaysia.
The research house pointed out that there was concern that past contracts which had been awarded to politically-linked stocks like SapuraKencana Petroleum Bhd (SapuraKencana) could be opened for review.
File this under ‘obvious’
From Platts, 2013-05-06:
Malaysians could witness their first fuel subsidy cut in 2 1/2 years, following the victory of incumbent Prime Minister Najib Razak in the Sunday elections, HSBC said in a note Monday.
According to the bank, Najib, who has made fiscal reform his priority, could look at cutting subsidies as early as this year.
Malaysia subsidizes 95 RON gasoline and diesel, the prices of which were last raised by MR0.05 ($0.02)/liter to MR1.90/liter and MR1.80/liter, respectively, on December 1, 2010.
Subsidies on 97 RON gasoline were removed in July 2010, and the fuel is subject to a managed float, where the price is determined by an automatic pricing mechanism that tracks international oil price movements.
From Platts, 2013-05-03:
Malaysian state-owned Petronas’ LNG terminal at Melaka received its first commissioning cargo onboard the Seri Bijaksana, which arrived and docked at the regasification terminal’s jetty on April 30, Platts vessel tracking data cTrack showed Friday.
The Seri Bijaksana, which is 152,900 cubic meters in size, is owned by MISC Berhad, a subsidiary of Petronas, and was carrying a cargo from Nigeria to the Asia Pacific. Ship tracking data showed that it was diverted when it was halfway through the Strait of Malacca, making a 90-degree left turn to the terminal before arriving on April 30.
FMT, dateline 2013-05-02:
Petronas, the national oil company, today announced the successful drilling of the Cendor Graben-2 appraisal well within Block PM304, offshore Peninsular Malaysia.
In a statement here, Petronas said the well was drilled to a depth of over 1,000 metres and confirmed the presence of oil and some gas-bearing reservoirs.
Drilling was undertaken by Petrofac (Malaysia PM304) Ltd, the operator for Block PM304, together with joint-venture partners Petronas Carigali Sdn Bhd, Kuwait Foreign Petroleum Exploration Company and PetroVietnam Exploration Production Corporation Ltd.