Petronas to keep oil, gas focus for next decade

November 29, 2022

Dateline 2022-09-14, Argus:

Oil and gas remains the main focus for Malaysia’s state-owned oil firm Petronas for the next decade, even as it explores the alternative energy sphere.

Gentari, the firm’s latest clean energy subsidiary, was set up as a separate entity to keep the core business “lean, mean and generating as much (profit) as possible,” said Petronas’ vice president of exploration and upstream, Mohd Redhani bin Abdul Rahman.


Work together to address energy crisis, O&G players told

November 28, 2022

Read between the lines.. CORAL ’23?

Dateline 2022-09-13, The Sun:

Oil & gas (O&G) players need to work together as stakeholders in the system to address the power crisis by providing clean, reliable, affordable energy, according to Petroliam Nasional Bhd (Petronas) president and group CEO Tengku Muhammad Taufik.

“What we are seeing today is an energy crisis, a food crisis, an inflation crisis and if left unchecked, all of these will converge into what we cannot contend with, which is a world security crisis,” he said in his keynote address at the Oil & Gas Asia (OGA) 2022, the Malaysia Oil & Gas Services Exhibition and Conference (Mogsec) and Petrochemicals Sustainability Conference (PSC) today.


Petronas CEO calls for O&G players to innovate to tackle energy and climate crisis

November 25, 2022

Dateline 2022-09-13, The Edge:

Oil and gas (O&G) industry players need to come together to tackle issues of the energy and climate crisis, according to Petroliam Nasional Bhd (Petronas) president and group chief executive officer Datuk Tengku Muhammad Taufik Tengku Aziz.

“The [O&G] industry has a responsibility to respond to energy issues, which are considered an aggressive trilemma of affordability, security and sustainability,” Tengku Muhammad Taufik said in his keynote address during the opening ceremony of the Oil & Gas Asia 2022, with the Malaysia Oil & Gas Services Exhibition and Conference and the Petrochemicals Sustainability Conference, on Tuesday (Sept 13).


Turning Johor into a Downstream Oil and Gas Hub

November 24, 2022

Dateline 2022-09-XX, The Star:

IN line with its vision to establish Johor as a sustainable, world-class downstream oil and gas hub, Johor Petroleum Development Corp Bhd (JPDC) has established the Pengerang Integrated Petroleum Complex (PIPC) in Pengerang, Johor – 93 sq km industrial area dedicated for downstream oil and gas activities.

PIPC serves as an ideal zone to grow downstream oil and gas activities in Johor, given its strategic location with sufficient water depth for sea transportation of crude oil and liquid products, proximity to international shipping lanes, closeness to Singapore – an established trading centre for oil and gas products, as well as infrastructure to support downstream oil and gas activities.


Sarawak Poised to be Hydrogen Producer by 2027, Says Premier – Malaysia

November 22, 2022

I guess this is one way the rainbow coloured flag will fly, with blue hydrogen, grey hydrogen, PETRONAS hydrogen. What hydrogen are you?

Dateline 2022-09-07, Hydrogen Central:

Sarawak is positioning itself to be a commercial hydrogen producer by 2027 thus realising the vision of turning the state into a hydrogen economy.

Sarawak Premier Tan Sri Abang Johari Openg said to achieve the vision Sarawak is taking the necessary measures and rolling out various initiatives to develop the state hydrogen economy.


Now “Not The Right Time” For Targeted Fuel Subsidies – Tengku Zafrul

November 21, 2022

And I input this, the week of elections.

Dateline 2022-09-08, Carlist.my:

For most of 2022 we’ve heard that blanket fuel subsidies will soon be a thing of the past, but so far have not seen many outward facing steps to remove it. According to our Finance Minister, perhaps the government are reconsidering.

Earlier this week while talking to members of the media at the 2022 Wild Digital SEA conference in Kuala Lumpur, Tengku Zafrul Abdul Aziz expressed the sentiment that it might “not be the right time” to implement targeted subsidies.


Malaysia: Contracting For Oil And Gas Sector In Malaysia –Understanding SWEC Code In Malaysia

November 18, 2022

I have not read this, so cave canem

Dateline 2022-09-06, Mondaq:

Amid COVID-19 worldwide rife (which is now entering into endemic period), Malaysia remains a coveted market for oil & gas business to the global industry players. Since global outbreak of the infectious malady in 2019, the local economy in the industry is rapidly recovering although it is expected that the oil price continues to be volatile1.

As perspective, PETRONAS recorded over two-fold increase in its profit after tax for the first quarter this year: from RM9.22 billion last year to RM23.44 billion3.


Upstream evaluation: Trio eyes potential onshore Malaysia

November 17, 2022

Who the heck is Big Oil Ventures?

Dateline 2022-09-07, Upstream Online:

UK independent Upland Resources, Malaysia’s Big Oil Ventures (BOV) and state government-owned Petroleum Sarawak (Petros) have teamed up to study the hydrocarbon potential of Block SK 334 onshore Sarawak, East Malaysia.

The trio have signed a joint technical study agreement for the approximate 6685-square kilometre tract in the north of the state, with the work being performed by Upland and BOV.

Upland confirmed that the main objectives of the joint technical study are to de-risk the petroleum system elements and improve understanding of the prospectivity in Block SK334, as well as assess the hydrocarbon potential of Block SK 334, delineate prospective areas and identify leads and prospects.


Shell, Petronas to develop Rosmari-Marjoram gas fields off Malaysia

November 16, 2022

Dateline 2022-09-05, Reuters:

Shell Plc (SHEL.L) on Monday said it would invest with Malaysian state oil firm Petronas to develop the Rosmari-Marjoram gas fields in the Southeast Asian country’s waters.

The Rosmari-Marjoram fields are situated 220 km (136.7 miles) off the coast of Bintulu in the Malaysian state of Sarawak.

The project is designed to produce 800 million standard cubic feet of gas per day, with gas production expected to start in 2026, Shell said in a statement.


M’sian companies working on Kasawari gas project among targets of Beijing-backed hackers — research

November 15, 2022

Totally from left field.

Dateline 2022-08-31, The Edge:

Malaysian companies working on the Kasawari gas project in the South China Sea were among the targets of cyberattacks by Beijing-backed hackers.

Citing new research from cybersecurity firm Proofpoint and consulting firm PwC, energy portal Oilprice.com on Tuesday (Aug 30) said hacking group Red Ladon, also known as TA423, is using a simple phishing scam to attack politically significant targets in Europe and the Asia-Pacific region, including defence contractors, infrastructure, and law firms involved in diplomatic disputes.

The scam sees victims lured in by fake news websites that infect targets’ computers with malicious software, called ScanBox, that lets hackers gather information for reconnaissance purposes.