August 4, 2021
Is Shell exiting, or wo’? Maybe it will exit PETRONAS , and enter PETROS?
Oo, and the page has an article titled “Petronas surrenders to Sarawak tax demands as CEO walks“
Dateline 2021-07-29, Energy Voice:
Significantly, Sarawak state-energy company Petroleum Sarawak (PETROS) will hold a minor stake in Block SK437, marking its first involvement in an offshore exploration production-sharing contract (PSC).
Shell will operate the 2,015 sq km block, which lies southwest of the Central Luconia province in waters 50 metres deep, with an 85% interest. Malaysian national oil company (NOC) Petronas Carigali and PETROS will each hold a 7.5% stake in the acreage.
Since the 1970s, significant oil and gas reserves have been discovered offshore the eastern Malaysian state of Sarawak, which have helped supply one of the world’s largest liquefied natural gas (LNG) export plants in Bintulu.
July 31, 2021
Dateline 2021-07-22, Reuters:
Royal Dutch Shell (RDSa.L) launched the sale of its stakes in oil and gas fields it does not operate off the coast of Malaysia, according to a document seen by Reuters.
The Anglo-Dutch company announced in March that it was considering selling its stakes in the Baram Delta EOR and the SK307 production-sharing contracts which are operated by Petronas Carigali Sdn Bhd, a unit of state energy firm Petronas.
The sale process for the two stakes, launched this month, is being run by investment bank J.P. Morgan, according to the sales document.
July 19, 2021
Dateline 2021-06-11, Malaysiakini:
Norwegian oil services firm Aker Solutions said on Thursday one of its managers was being questioned by Malaysian authorities and three sources familiar with the case said they expected charges to be filed today.
Malaysia’s Anti-Corruption Commission (MACC) has been investigating allegations that Norway’s biggest oil services company made false representations to win licences from state energy group Petronas that are normally reserved for companies that meet ethnic quota requirements under Malaysian law.
July 12, 2021
Dateline 2021-05-31, Skrine:
The importation, distribution and retail of liquified petroleum gas in the State of Sarawak will be regulated by the State Government of Sarawak commencing 1 June 2021.
Under the Distribution of Gas Ordinance, 2016 (Chapter 72) of Sarawak (“Ordinance”), which came into operation on 1 July 2018, various activities relating to the importation, distribution and retail of gas, including liquified petroleum gas, in the State of Sarawak will require a licence issued by the Director of Gas Distribution under the Ordinance.
To this end, the Federal Government of Malaysia has gazetted the Notification of Exemption (Amendment) 2021 (“Amendment Notification”) and the Control of Supplies (Exemption) Order 2021 (“Exemption Order”), both of which will come into operation on 1 June 2021.
December 21, 2020
Dateline 2020-12-02, The Borneo Post:
A plan is in the works to implement a gas distribution system for houses, commercial businesses and industries in Kuching and Samarahan.
Chief Minister Datuk Patinggi Abang Johari Tun Openg said the system will be similar to the piped gas grid the Gas Distribution Systems in Bintulu and Miri.
“This is something which cannot take place ‘kinek kinek’ (immediately). It takes time, it is in the planning stage. It is something I want to do but I cannot reveal (more details about it) yet.
December 1, 2020
Dateline 2020-11-01, Daily Express:
THE idiom “a slap in the face” means a sharp rebuke or rebuff. Shell’s planned pull out is an extensive pull-down for Sabah fragile economy.
Besides its promises, it has been and will continue to make millions from the pumping of our petroleum out of its two deep water wells. Shell is not pulling out of Malaysia. It is moving its upstream office out of KK and will build a new office to house them in Miri. The question is what are the underlying factors that have led to the Shell pull out.
Impotent words from Sabah politicians. Sabah political leaders have united for once to beat their war drums, showing their rage on this Shell pull out.
November 30, 2020
Dateline 2020-11-08, Reuters:
Malaysian state-owned energy giant Petronas is expected to pay the resource-rich state of Sabah 1.25 billion ringgit ($303 million) in sales tax next year, state media said.
Sabah Deputy Chief Minister Jeffrey Kitingan said Prime Minister Muhyiddin Yassin had agreed for the state to collect the 5% tax from Petronas next year, Bernama news agency said late on Saturday.
November 25, 2020
Dateline 2020-11-03, Argus (not Argos):
Malaysian oil and gas producer Petronas has announced an aspiration to achieve net-zero emissions by 2050, making it the first state-owned Asian energy company to set such a goal.
“We are making this commitment to make a positive change — not only to ride the energy transition — but because a fundamental shift is needed and the organisation wants to be part of the solution, for the world that yearns for a path towards a more sustainable future,” Petronas chief executive Tengku Muhammad Taufik said.
October 27, 2020
Dateline 2020-09-23, FMT:
An oil and gas analyst has cautioned against expectations of higher oil and gas royalties because of the worldwide slump in the industry.
Renato Lima de Oliveira said an increase in oil royalties, a hot topic in the Sabah state election, was unlikely because the industry had yet to recover from the fall in oil prices in 2014, as well as the absence of new, significant reserves.
“Production of oil and gas from Malaysia has also been stagnant, so there is no incentive for oil and gas companies to revise existing contracts,” said de Oliveira, an assistant professor at the Asia School of Business.
He was commenting on recent remarks by Sabah Barisan Nasional chief Bung Moktar Radin that oil royalty payments for Sabah and Sarawak could not be raised to 20% as it involved pre-existing agreements with oil corporations, including international ones.
May 6, 2020
My technical division will be hosting a talk on the 9th May 2020. No official CPD points, as it is a webinar. The talk will be presented by yours truly, so come and fill seats, especially since I am giving it during the fasting month.
A Hazard and Operability (HAZOP) study is a formal, systematic and detailed examination of new or existing facilities. It focusses on the process, rather than risks from ‘outside the pipe’, which are better analyzed using other studies such as HIREC/ HAZID/ HER. A HAZOP assesses the hazard potential, causes and consequences on a facility when there are deviations to the operating conditions, or the manner of operations. Existing safeguards need are reviewed to determine whether they can eliminate the cause or minimize the consequence.
Ir. Razmahwata has 26 years of experience in the oil and gas industry, in both design and operations. He joined ExxonMobil Exploration and Production Malaysia Inc shortly after graduation in 1995. In 1998, he was reassigned to EMEPMI’s operations department. His responsibility was to provide technical support to an offshore production facility. His tasks were varied, included troubleshooting day to day challenges, managing retrofit projects, and leading safety cases. He was made the Company’s custody metering engineer in 2001, charged with leading the exercise to ensure the Company compliance with industry and company specifications was enhanced. Whilst in Poyry, Ir. Razmahwata has been a Senior Process Engineer for SembCorp’s Betara project. He has HAZOP, HAZID and SIL workshop leadership experience on offshore facilities. He has recently worked on a secondment providing detailed design services to a tanker to FPSO conversion project in Singapore. He supported ExxonMobil in developing measurement manuals, and leading an exercise to validate 59,000 line items. He is currently the Lead Engineer of IGL Services Sdn Bhd.
Register here, or download the form here.