Gas leak at Petronas SSGP in Lawas

February 18, 2018

Dateline 2018-01-10, Malay Mail Online:

A gas leak occurred at 1.45am today at Petronas Sabah-Sarawak Gas Pipeline (SSGP) located in Long Luping, Lawas district in Limbang Division.

Petronas Sabah and Labuan Regional Office Media Relation said the emergency response team had been mobilised  and put the situation under control, with all relevant authorities having been informed the matter.

 


Malaysian Kinabalu field’s production ramps up to 14,500 boe/d: operator Repsol

February 17, 2018

Dateline 2018-01-10, S&P Global:

Spanish integrated producer Repsol has ramped up output at the Kinabalu field in Malaysia to 14,500 barrels of oil equivalent per day, after it started production in the fourth quarter of 2017, a company spokesman told S&P Global Platts on Tuesday.

Repsol is the operator of the field, with a 60% stake, giving it a net 8,700 boe/d, and the remainder goes to local state-owned Petronas.

Repsol started operating the offshore field in Malaysia’s Sabah basin in 2012. The companies invested a total of around $150 million to boost output from the mature field — including the installation of a bridge-linked wellhead platform, which was installed during summer.

 


O&G players continue positive momentum as crude oil price hits 3-year high

February 16, 2018

Can you carry us small fry with the momentum?

Dateline 2018-01-10, Edge:

Oil & gas (O&G) players continued their positive momentum this morning, buoyed by optimism and positive sentiment after crude oil price hit a 3-year high of US$69.23.

As at time of writing, UMW Oil & Gas Corporation Bhd led the most active counters with more than 132.5 million shares traded, as its share price gained by 4.7% or 2 sen to 44.5 sen. Sapura Energy Bhd was also among the active counters as its share price rose by 1.6% or 1.5 sen to 95 sen, with 66.0 million shares exchanging hands.

Hibiscus Petroleum Bhd gained 2.83% or 3 sen to RM1.09 with about 59.9 million shares traded, while Dagang NexChange Bhd made its upward movement by 2.8% or 1.5 sen to 55.5 sen with 17.0 million shares exchanging hands.


Pöyry awarded owner’s engineer services assignment for a large gas-fired combined cycle power plant project in Malaysia

February 15, 2018

For historical sake.

Dateline 2018-01-05, Oil and Gas 360:

Southern Power Generation Sdn Bhd has awarded Pöyry with an owner’s engineer services assignment for a 1,440 MW combined cycle power plant in Johor, Malaysia. Southern Power Generation is a project company established for this independent power producer project and owned by Malaysian state-owned power utility Tenaga Nasional Berhad (TNB) and SIPP Energy Sdn Bhd.

The project consists of two 720 MW natural gas-fired combined cycle blocks, with distillate as backup fuel. Each block consists of GE 9HA.02 gas turbine, triple pressure reheat once-through type heat recovery steam generator and steam turbine in single shaft configuration. The project also includes new 275/132kV air insulated substation and new 132kV gas insulated substation. The plant will be located adjacent to the existing Sultan Iskandar Power Station at Pasir Gudang, Johor.

 

 


Competitive local natural gas prices by 2019

February 13, 2018

Dateline 2018-01-03, Borneo Post Online:

Natural gas prices are likely to be more competitive by 2019 in the local market with the participation of more industry players following the introduction, last year, of a Third Party Access (TPA) mechanism, says the Malaysian Gas Association (MGA).

Secretary-General Rosman Hamzah said the TPA, introduced in January 2017, was aimed at opening the gas supply market to third parties including foreign companies, to sell gas to any consumer in Malaysia on a willing buyer-willing seller basis.

“With more market players involved, they will be able to increase competitiveness in the industry and hence, pull natural gas prices lower,” he told Bernama.

However, Rosman explained that despite the anticipation of lower gas prices, its movement was very much tied to the movement of crude oil prices.


Saturday Star 2018-02-10 – Job Opportunities

February 12, 2018

Happy worry about a new year 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, and they have moved adverts to another online presence (I bought a dead tree edition this week). 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 2Q2018. Send me your POs.

Food choice of the week? Please patronise King’s Confectionery at IOI Mall. A member of the family is working there while waiting for exam results. Go on, you know you want to a donut (British edition) every 3 hours.

This week, may I suggest you have a peek at Dakwah Corner? They have branches in Subang Parade, PJ Section 14, Ampang Park (okay, forget about the Ampang Park branch)


Petronas discloses activities outlook for next 3 years

February 11, 2018

Dateline 2018-01-02, NST:

Petroliam Nasional Bhd (Petronas) and its Petroleum Arrangement Contractor (PAC) oeprators will continue to develop new oil and gas exploration projects in 2018 to 2020 despite the low price environment.

In the next five years, Petronas projected that the average daily oil output would be 1.7 million barrels.

It said the potential projects to be developed will be concentrated in new growth areas or new projects and maximize exploration of existing projects.

“The expected development portfolio between 2018-2020 for the new project is 20 projects, of which 30 percent are oil projects.

“The expected development portfolio of existing projects involves 30 projects with 75 percent of them involving oil projects,” Petronas said in its Activity Outlook 2018-2020 report disclosed recently.

The national oil and gas company explained that new projects to be developed in 2018 to 2020, all involve the development of new facilities.