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.
May 27, 2017
Dateline 2017-04-17, FMT:
PKR has told the Sarawak government to take Petronas to court if it’s true that the company is selling off a stake in an upstream gas project.
Reacting to a fresh report that Petronas was seeking to sell the SK316 offshore gas block, Sarawak PKR vice-chairman See Chee How said oil and gas found within Sarawak’s boundaries belonged to the state.
Recently, Reuters, quoting sources, reported that Petronas had started pitching the sale of the block for an estimated US$1 billion (RM4.4 billion). The potential bidders, according to the report, include Royal Dutch Shell, ExxonMobil Corp, PTT Exploration and Production and Japanese firms.
“The rights of the state are very clear, be it in the Federal Constitution or Sarawak laws,” said See, who is a lawyer.
May 26, 2017
Dateline 2017-04-17, The Borneo Post:
Petroliam Nasional Bhd (Petronas) is expected to lead in better upstream spending compared with that in 2016, analysts say.
According to UOB Kay Hian Securities (M) Sdn Bhd (UOB Kay Hian), Petronas’ domestic upstream capital expenditure (capex) was reduced substantially to the research firm’s estimate of RM10 billion to RM12 billion in 2016, versus the past annual average of approximately RM20 billion.
“In a stable oil price environment, domestic capex may likely return to the normal average,” UOB Kay Hian said.
“Channel checks suggest about five or more new production projects were sanctioned in Malaysia, but these projects could be deferred if oil prices remain too low for too long.”
The research firm noted that despite a potential doubling of rig count in Malaysia from eight in 2016 to about 10 to 15, some of the drilling activities are short term. It further noted that new local upstream activities will likely be concentrated in gas projects (to meet supply requirements for MLNG 9) and certain enhanced oil recovery (EOR) projects.
Hence, UOB Kay Hian expected Petronas to lead in better upstream spending versus that in 2016.
May 25, 2017
Dateline 2017-04-17, Nikkei Asian Review:
Malaysia’s national oil company Petroliam Nasional is in talks with government agencies to finalize financial details of a plan that allows new suppliers to use its unit Petronas Gas’ underutilized capacities at pipelines and gas processing facilities in the country.
Petronas Gas could potentially sell as much as half of current regasification capacity and up to 25% of pipeline load to third parties, Chairman Mohd Anuar Taib said at a news conference. Talks with the Energy Commission, an agency regulating the power sector, could be concluded as soon as this year.
“We do see (opportunity) as we have underutilized capacity, and with shippers (coming in), we could benefit from higher utilization,” Chief Executive Yusa Hassan said. “We are actually in full support.”
Malaysia decided last year to give new suppliers access to existing infrastructure such as regasification terminal, and tap into transmission and distribution pipelines in the country. That will allow other companies to sell gas to consumers, easing a decades-old restriction in an industry dominated by Petronas Gas and Gas Malaysia.
May 24, 2017
On March 17th, I was invited to participate in UPM’s Mesyuarat Jawatankuasa Pengajian Program 2017 – Master Perancangan dan Respon Kecemasan (you go translate the title). Apparently, there has been quite a lot of support and participants from the O&G sector in previous years.
Go visit and participate if this floats your boat, and say Ir. Razmahwata says hi.
May 22, 2017
Happy Prepare for Ramadhan week. IGL has pivoted into training, so book your seats now.
We’re thinking of republishing Young Turks of PETRONAS, but it’s a minimum 500 book printing run. Do I have enough interested persons to purchase?
Donate to your favorite charity (me), buy my recommendations, or through my Amazon store. Or get the Young Turks series (3 books until I can get YTP republished). Where are those corporate sponsors? Or throw donations at me, my camera dive case flooded, and I need a new replacement. Heck, if you want to send me a Canon 5D Mk III plus dive case, I will not say no.
- I have a feeling that The Star isn’t the preferred O&G job recruitment portal now. I see more adverts via social media. What do you think, is it a step change that the papers need to embrace?
- I’m looking for jobs for 3Q2017. Send me your POs.
Food choice of the week? The nostalgic food stall, near your parents home. McD Bangsar Baru does not count.
Seeing that Joe Dever has passed away, you may want to revisit his books:
Flight from the Dark (Lone Wolf, Book 1), Legends of Lone Wolf Omnibus 1, War of the Wizards (The World of Lone Wolf, Book 4)
May 19, 2017
Dateline 2017-04-12, Daily Express:
The State Legislative Assembly has been urged to seriously consider the question as to whether Petronas is legally operating in Sabah waters since laws that were enacted during the Emergency, which has since been lifted, are now annulled and no longer applicable to the State.
Tamparuli Assemblyman Datuk Seri Wilfred Bumburing (pic), when highlighting the matter, said as such the national oil and gas company has no right to operate in the territorial waters as they now belong to the State.