Extract from “Tuah Jebat” – Warisan Perintis

November 5, 2016

 

Unit Tindakan Khas (UTK) telah mengakhiri era kewujudan mereka apabila termaktub semua perjanjian PSC yang selebihnya. Pada masa mereka merangka dan merundingkan PSC, yang turut tertubuh ialah Jabatan Pemasaran Antarabangsa atau “International Marketing Department (IMD)” bagi mengagih minyak mentah ke pasaran antarabangsa dan Jabatan Pemasaran Dalam Negeri atau “Domestic Marketing Department (DMD)” untuk penjualan bahan petroleum di dalam negeri, khususnya melalui stesen-stesen servis.

..

Visit here and buy books so I have some spending money.


Gas Malaysia announces new natural gas tariff hike

April 16, 2021

Dateline 2021-03-31, The Star:

Gas Malaysia Bhd has been directed to implement the new average base tariff for the utilisation of the natural gas distribution system (NGDS) under the Incentive-Based Regulation (IBR) framework.

In a filing with Bursa Malaysia, Gas Malaysia said the directive was issued via a letter from the Energy Commission dated March 31.

“With the adjustment to the base average tariff, the allowed average tariff for Gas Malaysia Distribution Sdn Bhd (GMD) for the period from April 1 to Dec 31 is RM2.05/MMBtu. Meanwhile, the approved surcharge to GMD’s tariff, remains at RM0.62/MMBtu for the same period,” Gas Malaysia said.


ConocoPhillips gears up for Malaysian drilling

April 15, 2021

Dateline 2021-03-29, Energy Voice:

ConocoPhillips is set to drill up to three wells off the Malaysian state of Sarawak after hiring a jack-up drilling rig from Malaysia’s Velesto Energy.

Velesto said ConocoPhillips has hired its Naga (dragon) 7 jack-up rig under a contract worth $8 million. Drilling is planned to start before end of June.

ConocoPhillips is considering drilling up to three wells offshore Sarawak this year – the Salam-3 appraisal and the Gagau-1 wildcat on Block WL4-00, and the Mersing-1 exploration well on Block SK 304.


PTTEP and partners make oil and gas discovery offshore Malaysia

April 14, 2021

2021-03-30, Offshore Technology:

Thailand’s PTT Exploration & Production (PTTEP) and its partners have made new oil and gas discovery in the Sirung-1 wildcat exploration well offshore Malaysia.

The exploration well is situated in Block SK405B production sharing contract (PSC), located in the shallow waters of Balingian Province, approximately 237km off the coast of Miri, Sarawak.

Drilled to a total depth of 2,538m, the Sirung-1 exploration well encountered significant oil and gas column, exceeding 100m within the Oligocene to Middle Miocene sandstone reservoirs.

The partners plan for an appraisal well in near future to assess the upside resources.


Malaysia’s Petronas Chemicals pins hopes on Saudi Aramco JV

April 13, 2021

Dateline 2021-03-25, NikkeiAsia:

 Malaysia’s Petronas Chemicals Group is pinning its hopes on a long-awaited $16 billion Saudi-backed refinery and petrochemical project as it seeks to boost slumping profits while investigating possible new acquisitions, its top executive told Nikkei Asia.

The Pengerang Integrated Complex (PIC) joint venture in the southern state of Johor is a portion of the larger $27 billion Pengerang Integrated Petroleum Complex mooted in 2012. Saudi Aramco — Saudi Arabia’s national oil producer — is to supply half of the crude feedstock for the refining portion and share half of the output.


Malaysia’s Petronas says first to produce LNG from 2 floating facilities

April 12, 2021

Dateline 2021-03-25, Nasdaq:

Malaysia’s state oil firm Petronas PETR.UL said on Thursday it had become the first global energy company to produce liquefied natural gas (LNG) from two floating production units, following its first cargo delivery from the second floater facility.

The Petronas Floating LNG DUA (PFLNG DUA), sitting off the coast of Sabah on Malaysia’s Borneo island, has a production capacity of 1.5 million tonnes of LNG per year and operating at the water depth of 1,300 metres, the firm, formerly known as Petroliam Nasional Berhad, said in a statement.


B20 biodiesel mandate in Malaysia expected to absorb one million tonnes of CPO, says industry expert

April 2, 2021

Gosh darn it, when is this B20 mandate arriving, it been delayed a number of times? And are diesel vehicle warranties going tits up?

Dateline 2021-03-23, The Edge:

The B20 biodiesel mandate in Malaysia is expected to utilise over one million tonnes of crude palm oil (CPO), said Malaysian Biodiesel Association (MBA) president UR Unnithan.

The implementation of the mandate to roll out B20 — biofuel with a 20% CPO component — for the transport sector has been delayed to December 2021 in Peninsular Malaysia.

It has already been implemented in Sarawak since September 2020 and is scheduled to be rolled out in Sabah in June 2021.


Petronas remains optimistic on oil and gas potential

April 1, 2021

Dateline 2021-03-23, Malay Mail:

Petroliam Nasional Bhd (Petronas) remains optimistic of strong potential in oil and gas and is making every effort to create conducive investment conditions.

President and group chief executive officer Tengku Muhammad Taufik Tengku Aziz said the national oil company currently has 13 blocks on offer in the recently launched Malaysia Bid Round 2021.

He said the bid round incorporated innovative block offerings, flexible bidding options, a two-phased exploration period, as well as data access and transparency.


OGSE industry to consolidate further

March 31, 2021

When Yazid talks, y’all listen like it’s a Friday khutbah.

Dateline 2021-03-18, Malaysian Reserve:

MALAYSIA Petroleum Resources Corp (MPRC) expects local oil and gas (O&G) services and equipment (OGSE) players to reduce asset ownership this year despite the easing of movement restrictions and modest economic recovery.

MPRC president and CEO Mohd Yazid Ja’afar (picture) said for 2020-2021, it will be a challenging period for OGSE players due to disruption of economic activities which has led to grounding of thousands of airplanes and destruction in demand for oil.

“We expect 2021 to be a slightly better year for the OGSE industry as major economies start to reopen, albeit with strict adherence to Covid-19 standard operating procedures like observing physical distancing, and countries like the UK, US, China, India and Malaysia have rolled out their vaccination campaigns,” he said in a statement yesterday.


Malaysia’s oil and gas industry in recovery cycle

March 30, 2021

Hahahahahahahah

Dateline 2021-03-18, Malaysian Reserve:

Malaysia’s oil and gas industry is in the recovery cycle this year as several sectors within the industry are expected to chart gradual recovery such as engineering, procurement, construction, installation, and commissioning (EPCIC), said AmInvestment Bank Bhd.

The investment bank said among the sectors was rising EPCIC would be driven by several activities, including pipeline installations growing by 4.2x to a base-case of 266 days in 2023 from 64 days in 2021 as more development projects tie in to existing platforms or processing facilities.

“Decommissioning of wells increase to 18 this year from 15 in 2020, which will rise further to 24 in 2022 and expand to remove 51 conductors, two floaters and one fixed platform,” it said in a research note Thursday.

AmInvestment Bank said currently, 56 per cent of Petronas’ 350 facilities were operating beyond the assets’ design life, 38 per cent of the 750 pipelines, while 45 per cent of the 3,000 wells were idle with over 500 wells were expected to be permanently plugged by 2030.


MB: Johor govt to lobby Putrajaya over in-limbo RM1.4b Pengerang solar project

March 29, 2021

I guess Tuanku is really pissed off:

Dateline 2021-03-018, Malay Mail:

The Johor government will push for federal government approval for the proposed RM1.4 billion Sultan Ibrahim Solar Park in Pengerang as it is seen as beneficial to the state.

Johor Mentri Besar Datuk Hasni Mohammad said the state government will likely request for a special allocation for Johor to develop the solar park.

“We will propose to the Energy Commission of Malaysia as soon as possible for Johor to be given a special allocation quota.