Widodo moots JVs of state oil firms with Malaysia

September 17, 2019

Dateline 2019-08-09, Menafn:

The state oil companies of Malaysia and Indonesia could co-operate or even merge to expand their businesses together, Indonesian President Joko Widodo said yesterday during a state visit to Kuala Lumpur.
Asked during an interview if he had considered the prospects of co-operation between Petroliam Nasional Bhd (Petronas) and Pertamina, Widodo said: ‘(It) can be. Petronas and Pertamina could collaborate or be merged as one to become a large enterprise with more capacity, capital and equity.

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Minister says updating data on petrol subsidy for eligible Malaysians

September 16, 2019

Dateline 2019-08-09, Malay Mail:

The Ministry of Domestic Trade and Consumer Affairs is updating data on recipients of the petrol subsidy programme from the lower-income group (B40) to ensure that only those who are eligible receive such assistance.

The Minister, Datuk Seri Saifuddin Nasution Ismail, said a good data is when no recipients who are eligible are left out.

“We need to be clear who the target recipients are and the criteria required to qualify for the aid. All these must be developed and the target recipients must be identified,” he told reporters at a credential-presentation ceremony for Sabah and Labuan Parliamentary Consumerism Coordinators here, yesterday.

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IPC updates infill well campaign offshore Malaysia

September 14, 2019

Dateline 2019-08-06, Offshore:

International Petroleum Corp. has issued a progress report on the current third phase of infill drilling on the Bertam field offshore Peninsular Malaysia, which started in June.

So far two infill landing pilots have been completed with results in the A-15 area above expectations, but worse than anticipated in the A-14 area.

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Growing opportunities for O&G companies in new energy space

September 13, 2019

Dateline 2019-08-02, Malaysian Reserve:

THE worldwide push towards a sustainable and greener future is creating new growth opportunities for Malaysian oil and gas (O&G) companies looking to tap into new and diversified income streams.

Malaysia’s pledge to reduce its carbon emissions and increase its renewable energy (RE) mix in the not-too-distant future is carving out new economic opportunities for local players.

The O&G sector is among industries showing tentative, but nascent signs of growth in the new energy space as a means to tap into new markets, while diversifying its revenue base.

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First oil flows from St Joseph infill campaign offshore Sabah

September 12, 2019

Dateline 2019-07-24, Offshore:

Hibiscus Petroleum has drilled and completed SJ‐105A, the first of three wells for the St Joseph infill drilling project in the North Sabah enhanced oil recovery PSC offshore Malaysia.

The SJ‐105A wellbore was drilled as a horizontal well comprising around 2,400 ft (731 m) of horizontal section which encountered 1,000 ft (305 m) of oil in the targeted reservoirs.

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New policy soon to boost solar PV adoption

September 11, 2019

Yes, promote rooftop solar PV. Even better, redesign our roofs so the roof IS the solar PV.

Dateline 2019-07-23, NST:

The government will soon announce a new policy for developers to incorporate solar photovoltaics (PV) systems in new buildings.

Energy, Science, Technology, Environment and Climate Change minister Yeo Bee Yin said the move was part of efforts to encourage more use of solar PVs in the country.

According to her, the country boasts vast rooftop spaces where solar PV systems can be installed with the aim of reducing electricity usage.

“Malaysia has about 3.2 million landed houses, 450,000 shoplots, 21,000 standalone factories and 1,000 shopping complexes. That is a lot of rooftop space.

“That is why the government is encouraging solar PV panels on rooftops instead of having it mounted on the ground, as the land can be used for other purposes.

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Malaysia has the cheapest petrol in the region – report

September 9, 2019

C’mon, use more fuel.

Dateline 2019-07-22, Paultan.org:

Have you ever wondered how many litres of petrol you can buy with an average Malaysian salary? Well, good news, because Picodi Analysis has prepared a report that considers the average monthly salaries and petrol prices in 17 countries in the Asia-Oceania region, with the addition of Hong Kong (Brunei is left out here).

According to the report, Malaysia has the cheapest petrol in the region, where on average, one litre of petrol costs US$0.49 (RM2.05). Yes, RON 95 has stayed at RM2.08 per litre for several weeks now, but it wasn’t always the case earlier in the year prior to the government’s involvement.

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Petrol subsidy – gov’t to hand out cash directly to lower income households, to drop under-1.5L scheme

September 8, 2019

Dateline 2019-07-19, Paultan.org:

The government is expected to finally announce the targeted fuel subsidy scheme soon, and it looks like the original plan to offer subsidies based on vehicle engine capacity has been dropped, the Malay Mailreports.

During Budget 2019, finance minister Lim Guan Eng said that the government planned to subsidise owners of vehicles and motorcycles with engine capacities below 1,500cc and 125cc respectively a subsidy rate of 30 sen per litre, for RON 95 petrol. This would be capped at 100 litres per owner of a vehicle and 40 litres for those with motorcycles.

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Petronas says acts on climate change

September 7, 2019

Dateline 2019-07-19, Daily Express:

Petroliam Nasional Bhd (Petronas) responded to Daily Express’ report on the 13 oil and gas companies acting on climate change, which according to Prof Dr Justin Sentian, the speaker from UMS, did not see Petronas’ name on the list. The fact is not disputed.

Petronas Sabah media liaison office said Malaysia’s national petroleum company has taken positive steps to mitigate climate emergency and sent Daily Express its 2017 corporate commitment details on environment care pertaining to climate change.

At the recent Sabah Oil and Gas Conference and Exhibition 2019, Dr Justin said the Oil & Gas Climate Change Initiative (OGCI) undertaken by 13 oil and gas companies – BP, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental Petroleum, Pemex, Petrobras, Repsol, Saudi Aramco, Shell, and Total – was to enable the oil and gas industry to collaborate on climate concerns.

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Lightning strikes Petronas’ GPP distillation tower

September 5, 2019

Dateline 2019-07-17, NST:

A distillation tower at Petronas gas processing plant 6 (GPP 6) in Santong caught fire after it was struck by lightning at about 8pm yesterday.

Firemen from the Paka station and Petronas have been battling the fire for nearly eight hours before it was brought under control early today.

The area has been cordoned off by security personnel.

At the moment, there are no reports on casualties.

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