Petikan dari ‘Pantang di Cabar’

December 17, 2014

Tentang azam politik:

Walaupun Malaysia merupakan Negara penghasil bijih timah dan getah yang utama di dunia, pasaran Pertukaran Antarabangsa bagi kedua-dua bahan mentah ini duduknya di London. Pada tahun-tahun 60-an, semasa gasolin telah lama menggantikan arang batu sebagai sumber tenaga, Malaysia pada asasnya masih melaksanakan ekonomi sumber utama

Dapatkan buku ini dan buku buku lain dalam siri ini di sini.

Malaysia’s Oil & Gas sector downgraded

December 21, 2014

Crap. Possible replacement of PETRONAS chief?

Dateline 2014-10-15, The Star:

PETALING JAYA: Slower project rollouts and delays in new tenders are expected to translate into a cut in earnings for local oil and gas (O&G) players over the next two years, according to research house AmResearch.

It said in a report yesterday that the impact would be more significant for domestic-centric upstream players, as opposed to more globalised operators such as Bumi Armada Bhd and SapuraKencana Petroleum Bhd or downstream service providers such as Dialog Group Bhd.

“We have downgraded our sector view to neutral from overweight given the slow rollout of domestic developments, downscaled projects, declining marine charter rates, increasing competition from overseas fabrication players due to the relaxation of local content requirements and deteriorating visibility of regional prospects, especially in Australia’s mega-billion gas field developments.

“Additionally, there are concerns that the possible replacement of Petronas president and chief executive officer Tan Sri Shamsul Abbas next year may lead to further temporary delays in contract awards,” AmResearch said.


Trimming fuel subsidy bill

December 20, 2014

Dateline 2014-10-14, Malaysia Reserve:

The government expects to cut down substantially its fuel subsidy bill with the proposed fuel price mechanism that could differentiate between eligible and non-eligible buyers at the pump.

Finance Ministry Secretary General Tan Sri Dr Mohd Irwan Serigar Abdullah said the fuel subsidy mechanism that will be introduced before the end of the year will weed out those not eligible for subsidy.

Under the present blanket fuel subsidy, non-eligible motorists including foreign vehicles are also enjoying the subsidy.

Mohd Irwan said the recent reduction of 20 sen per litre in fuel subsidy will save the government about RM1 billion per month from October, which translates to RM4 billion in total for 2014.

“We do not expect to collect as much savings from that unless we introduce this new and more targeted fuel subsidy mechanism soon,” he said in Kuala Lumpur yesterday.


Will Kuala Lumpur Become the ‘Houston of Asia’?

December 19, 2014

Dateline 2014-10-09,

Helped along by a stable, transparent, pro-business government, Malaysia has been quietly building itself into an oil and gas hub, and the world’s oil and gas companies — who increasingly see this country as a natural base for their broader Asian operations — have noticed.

With Singapore now the world’s most expensive city, Jakarta in constant gridlock and Bangkok the center of recurring coup activity, Kuala Lumpur is fast becoming the preferred central location for businesses looking to take advantage of the expected growth in South East Asia.

Traders happy with GST-free fuel, retirees feel left out

December 18, 2014

Malaysian Insider, 2014-10-11:

Even as traders welcomed the goods and services tax (GST) exemption for RON95 petrol, diesel and liquid petroleum gas (LPG), pensioners are feeling left out of Budget 2015.

Petty traders interviewed by The Malaysian Insider around the Klang Valley and Penang said they were delighted with the government’s tax-exempt move for its positive impact on the cost of goods used for their business.

“We are happy that the price of petrol will not increase, this ensures that the price of other goods does not go up. This gives us relief,” said Zaki, a kuih seller from Sungai Buloh.

Besides RON95 petrol, diesel and LPG will also be zero-rated while electricity consumption from the first 200 to 300 units will be GST-free. This move is expected to benefit 70% of households.

IEM – MPH Book Tie up

December 17, 2014

In case you haven’t noticed, your IEM membership brings you benefits at your local MPH store. Run, don’t walk.

Jurutera October 2014 IEM MPH


Jurutera October 2014 IEM MPH

Shell starts oil production from Gumusut-Kakap deep-water platform in Malaysia

December 16, 2014

Ye, GuKa.

Deadline 2014-10-08, Oil & Gas News:

Shell has started oil production from the Gumusut-Kakap floating platform off the coast of Malaysia, the latest in a series of Shell deep-water projects.

The Gumusut-Kakap field is located in waters up to 1,200 metres (3,900 feet) deep. The platform is expected to reach an annual peak oil production of around 135,000 barrels a day, once fully ramped up. With oil production now under way, work on the gas injection facilities is continuing with an expected start-up during 2015.

“We are delighted to have reached this milestone with our partners,” said Andrew Brown, Shell Upstream International Director, “Gumusut-Kakap is our first deep-water development in Malaysia, and uses the best of Shell’s global technology and capabilities in deep water. The field is one of a series of substantial deep-water start-ups this year, driving returns and growth for shareholders.”



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