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.
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Posted by Wata
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.
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Posted by Wata
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.
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)
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Posted by Wata
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.
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Posted by Wata
Really?
Dateline 2017-12-20, MD:
The year 2017 saw some improvements in the oil and gas industry as efforts by the Organisation of the Petroleum Exporting Countries (OPEC) and its alliance to readjust the supply-demand equilibrium began to bear fruit.
The move, which started in December last year and the first deal reached between OPEC and major non-OPEC producers since 2001, involved a reduction of 1.2 million barrels per day (bpd) within the 13 OPEC members, excluding Libya and Nigeria.
Meantime, 11 non-OPEC countries — Azerbaijan, Bahrain, Bolivia, Brunei, Equatorial Guinea, Kazakhstan, Malaysia, Mexico, Oman, Sudan, and South Sudan — made commitments to cut production by 1.8 million bpd among them.
Following the deal, the international benchmark Brent crude prices have somewhat improved, starting the year at US$56.82 per barrel before retracting to US$44.82 on June 21, and rebounding to US$64.69 on Dec 11 following the decision by OPEC and its non-member alliance on Nov 30 to extend production cuts for the entire 2018.
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Dateline 2017-12-24, Malaysian Digest:
The year 2017 has been a challenging one for Malaysia’s oil and gas (O&G) hub of Labuan, with the island’s key engine of economic growth continuing to run at a slow pace.
This has somewhat overshadowed Prime Minister Datuk Seri Najib Tun Razak’s announcement of a feasibility study on a bridge to connect Labuan to the Sabah mainland. The proposed link is poised to be an economic game-changer for Labuan once it is put in place.
Notably, a number of O&G companies were shut down or had their operations downsized since last year, but the people here continue to be self-resilient.
Still, in spite of these challenges, the people and business community in the duty-free-island keep reminding themselves that ‘the darkest hour is just before dawn’…positivity, whether in personal life or business, is a choice rather than an outcome.
Many do not believe that Labuan – the only O&G hub in the region – is facing such problems as other oil-producing states and countries are also not spared from being affected badly by the slowdown.
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Posted by Wata
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.
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)
Leave a Comment » | Malaysia, oil and gas | Permalink
Posted by Wata
Dateline 2017-12-21, The Edge:
MALAYSIA-based oil and gas outfit De Raj Group AG has just received the requisite approvals for a listing on the Frankfurt Stock Exchange in Germany.
When asked why the company opted for a listing so far from home, CEO Vaidyanthan Nateshan says things are difficult in Malaysia, referring particularly to the debt market.
“It’s not the equity market that is tough, it’s the debt market. We are well capitalised and need financing for executing projects. The Malaysian debt market is dead … asset cover here is 2.5 to 3 times while in Europe, it is 0.8 times,” he tells The Edge in a short phone conversation last Friday.
“We have bankers telling us they won’t touch oil and gas companies with a barge pole, so I’m taking the company to Europe.”
…
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Posted by Wata
Dateline 2017-12-20, Your Industry News:
Mr. Shunsaku Miyake, President and CEO of JX Nippon Oil & Gas Exploration Corporation is pleased to announce that PETROLIAM NASIONAL BERHAD (“PETRONAS”), the national oil company of Malaysia, has agreed for JX Nippon Oil & Gas Exploration (Malaysia) Limited (President and CEO, Hironori Wasada, “NOMA”) to be entitled to the oil and gas rights of Beryl Gas Field (“Beryl”), and approved the Field Development Plan (“FDP”) for Beryl on 27th October 2017.
Beryl, an already discovered but undeveloped gas field, lies in the shallower zone in the same location as the underlying Helang Gas Field (“Helang”) and Layang Oil and Gas Field (“Layang”) in Block SK10, Offshore Sarawak, for which NOMA has been conducting production operation as operator. NOMA, in accordance with the aforementioned approved FDP, will utilize existing Helang facilities to develop Beryl economically and within a short period of time, with Beryl first gas scheduled for November 2018.
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Leave a Comment » | Malaysia, oil and gas | Tagged: Beryl, Helang, Layang, NOMA, Petronas | Permalink
Posted by Wata
My technical division will be hosting a talk on the 10th February, 2018. It is worth 2 CPD points, and held at Wisma IEM. The talk will be presented by Councilman Ir. Abdul Razak Yakob. ‘..not a well-know engineering discipline’, my aching b.
Petroleum Engineering is not a well-known engineering discipline. It is a niche area where its major contribution is to the Oil & Gas (O&G) Upstream Industry. This talk will introduce the study of Petroleum Engineering and how it contributes to the industry. The talk will go into the heart of Petroleum Engineering, the Life of Field. It is about the process cycle of a field that can take more than 40 years to complete. Each one of these 8 parts is the key to understanding how the industry works. Well proposal, exploration well, development project planning, development well, production, workover and well services, enhanced oil recovery and field plug & abandonment. Understanding the Life of Field shall open up the endless possibilities of technical and commercial contribution opportunities to the O&G Industry by all engineers. This is the time for all engineers to be exposed to the O&G business operations before the next boom!
Ir. Razak Yakob is a Drilling Engineering Consultant and a part time Lecturer for Petroleum Engineering. Razak has been in the oil and gas industry for more than 20 years, working for companies such as ExxonMobil, Halliburton, Talisman Energy, Petronas Carigali and EQ Petroleum / Uzma Engineering.
His core expertise is in Drilling Engineering with the working experiences spanning from development and exploration, technical support, training, competency development, finance and consultancy. As an independent consultant, he has worked in many parts of the world. He graduated from the Colorado School of Mines with a degree majoring in Petroleum Engineering and a minor in Mechanical Design. Ir. Razak is the Secretary/Treasurer for the Oil, Gas and Mining Technical Division and an IEM Council Member. He is also an Industrial Advisory Panel for a university.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: IEM, OGMTD, razak yakob | Permalink
Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 