Nation’s first Micro LNG facility

May 10, 2019

Darn it, I missed the boat. Who’s Kudos?

Dateline 2019-03-29, Daily Express:

Malaysia’s first Micro Liquefied Natural Gas facility at Kota Kinabalu Industrial Park that was officially launched, Thursday, will not only spur the economy but provide job opportunities for Sabahans, said Chief Minister Datuk Seri Mohd Shafie Apdal.Some 99 per cent of the workforce comprises Sabahans, mainly engineers and technicians. Although micro in size with capacity of producing 35 metric tonnes daily or equivalent to 1.8 million standard cubic feet a day, it can meet the energy requirements of small and medium industries across the State.  Consumers would benefit from cleaner and cheaper fuel at a competitive price, which in turn translates to cost savings and reduce the cost of doing business in Sabah.

Kudos goes to Sabah Energy Corporation Sdn Bhd (SEC), a wholly owned company of the State Government, which reached this significant milestone, in collaboration with Zhangjiagang Furui Special Equipment Company limited, a multinational company from China.

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DUBS to hold O&G Seminar and Exhibition

May 9, 2019

DUBStep, official dance?

Dateline 2019-03-28, Borneo Post:

The Sarawak Bumiputera Chamber of Entrepreneurs (DUBS) will hold the Sarawak Oil and Gas Seminar and Exhibition 2019 in collaboration with Suarah Petroleum Group (SPG) and the Malaysian Oil and Gas Services Council at Imperial Hotel here on April 13-14.

Co-organising chairman Hamim Yusuf said the seminar is supported by the Sarawak government, Petros, and Petronas.

“The main theme of the event is ‘Now or Never!’, with a tagline of ‘Sarawak – Able, Capable, Willing’,” Hamim said in a press release yesterday.

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IEM Shout Out – 2019-05 Talk on “HAZOP”

May 7, 2019

My technical division will be hosting a talk on the 11th May 2019. It is worth XX CPD points, and held at Wisma IEM. 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 20 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.

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Murphy’s Exit: Good But Not Great

May 6, 2019

Dateline 2019-03-27, Seeking Alpha (Not Susan):

Murphy Oil Corp. (MUR) decided to exit Malaysia by selling its assets to PTT Exploration and Production (OTCPK:PEXNY) for $2.13B, which represents a full monetization of its 2P (Proved and Probable) reserves. Although the deal is positive because it materializes the firm’s geographic strategy to focus on US opportunities, we believe the true impact of the transaction in the long term will be determined by the way management will reinvest the money.

At stake are $750M, which MUR determined to be destined to fund potential acquisitions and fund both deep-water projects (probably Gulf of Mexico) and U.S. onshore opportunities (Eagle Ford).

At the moment, Norwegian Equinor (EQNR) and Pioneer Natural Resources (PXD) are marketing their respective acreage in the Eagle Ford, which could spark MUR’s interest considering the company’s plans on increasing activity at Karnes, Tilden, and Catarina.

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Local natural gas price cannot go in line with spot price: MGA

May 4, 2019

Dateline 2019-03-27, NST:

Malaysian Gas Association (MGA) says local natural gas price adjustments cannot go in line with fluctuating spot liquefied natural gas (LNG) prices.

This is because they are subject to long-term contracts with large industrial customers.

MGA said in Malaysia, the contracts offer them certainty in terms of managing their operations, with the natural gas price adjustments predicted beforehand.

It said the current global LNG prices are low as a result of a temporary imbalance in the supply-demand equilibrium.

“For now, Asian spot LNG prices have fallen because of oversupply given the new supply capacity in the United States and Australia, coupled by weakening demand owing to a milder-than-expected winter.

“Historically, such temporary imbalances are generally restored within a short time which will then increase the spot LNG prices,” it said in a statement.

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Anniversary – Exxon Valdez

May 3, 2019

My apologies, I missed this year’s anniversary.

EPMI engineers never forget.

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Murphy Oil sells Malaysia assets to PTTEP for $2.1 billion, turns toward home

May 1, 2019

Dateline 2019-03-21, Reuters:

Murphy Oil Corp is exiting Malaysia with a $2.13 billion sale of its oil and gas assets there to Thailand’s PTTEP and said it will use the proceeds to pay down debt, buy back shares and fund potential deals in the United States.

Besides the enterprise value of the sale, PTT Exploration and Production Public Co Ltd (PTTEP), a unit of state-owned PTT PCL, will also pay Murphy Oil up to $100 million as a bonus if certain exploration projects show results before October 2020, the companies said on Thursday.

The deal between Murphy and PTTEP comes as M&A activity is heating up in Malaysia’s oil and gas sector, where global companies pursuing expansion plans are spotting opportunities.

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Exclusive – Murphy Oil closing in on sale of Malaysian oil, gas assets to PTTEP: sources

April 30, 2019

Dateline 2019-03-21, Reuters:

Murphy Oil Corp is nearing a deal to sell its Malaysian oil and gas assets to Thailand’s PTTEP PCL, people familiar with the matter said, in the latest energy M&A transaction in the Southeast Asian nation.

The independent U.S. oil and gas exploration and production company could announce a deal, valued at just over $2 billion (1.52 billion pounds), with the Thai energy company as early as Thursday, said one source, who declined to be identified as the news is not public.

Reuters reported in November, citing sources, that Murphy Oil was in talks to sell the assets after an unsolicited bid that could fetch between $2 billion to $3 billion.

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KPOC files RM125m claim against MMHE

April 29, 2019

Dateline 2019-03-18, The Star:

Kebabangan Petroleum Operating Company (KPOC) has filed a RM125mil claim against Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) over a contract dispute at an oil field north of Sabah.

MMHE said on Monday its major subdiary Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE Sdn Bhd) had received a notice of arbitration dated March 13 from KPOC.

The first contract was for the fabrication of the topsides for the Kebabangan field, about 135km northwest of Kimanis, Sabah betweem KPOC and Sime Darby Enginering Sdn Bhd. The contract was dated Sept 20, 2011.

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O&G a ‘sunset industry’, time to explore other resources, senator says

April 28, 2019

Blaze of Glory (Youtube).

Dateline 2019-03-18, FMT:

Senator Adrian Lasimbang has urged the Sabah and Sarawak governments to explore the use of other natural resources instead of focusing on the “sunset industry” of oil and gas.

“Everyone keeps talking about the oil royalty under the Malaysia Agreement 1963, as if it is the only thing we can develop.

“But if the climate change movement becomes serious, the oil and gas industry will definitely be hit. Countries will be forced to cut emissions, and Sabah and Sarawak will be affected,” he said.

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