Malaysia’s Sarawak seeks investors to find new onshore plays

December 14, 2020

Dateline 2020-11-20, Energy Voice:

The eastern Malaysian state of Sarawak, home to the country’s LNG export complex, will soon open onshore acreage for bidding, as it hopes to revitalise its onshore oil and gas industry after taking regulatory control from the federal government.

Since the 1970s, significant oil and gas reserves have been discovered offshore Sarawak, which have helped supply one of the world’s largest LNG plants in Bintulu.

Although there has been significant exploration onshore since the 1980s, results have been modest. Still, Sarawak remains hopeful that new investment will help prove fresh commercial reserves by applying new technologies.

Moreover, Sarawak, after winning a recent battle against the federal government and Petronas for greater control of its natural resources, will now start offering onshore acreage through open auction, as well as direct negotiation. Two onshore blocks, covering the Miri and Limbang, as well as Lawas areas – SK 433 and SK 334 – will be open for bidding in the coming months, the state announced on 30 October 2020.


O&G players may form consortiums to bid for Exxon Mobil’s Malaysian assets

December 12, 2020

Can I join in, for old time’s sake? Us ex-Esso folks have some payback comin’.

Dateline 2020-11-17, The Edge:

SEVERAL local oil and gas (O&G) companies are understood to be interested in acquiring Exxon Mobil Corp’s assets in Malaysia, which are up for sale, but are said to be more comfortable forming consortiums to bid for these assets because of the hefty price tag of US$2 billion to US$3 billion (RM8.26 billion to RM12.39 billion).

A controlling shareholder of one of the larger companies says, “We are always on the lookout for assets, [but] no one company can go it alone [acquisition of Exxon Mobil’s assets], and no sensible management will make such a [risky] decision.”


Sarawak forms committee to ensure greater participation in oil and gas sector

December 11, 2020

So, can I hold dual citizenship? Malaysia and Sarawak?
Dateline 2020-11-13, Malay Mail:

 A committee has been formed to facilitate negotiations between the state government, the federal government and Petroliam Nasional Berhad (Petronas) to ensure greater participation of the state in the oil and gas sector, Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan said in the state assembly today.

He said negotiations on commercial solutions for the matter are still ongoing among the three parties.

“The state government is fully committed to taking control of the exploration and mining of oil and gas within the territorial boundaries of the state,” he said in his winding-up speech for the debate on the State Budget 2021. 


Temp Admin – Puuchong Prima (close 2020-12)

December 8, 2020

Responsibilities

  • Coordinate office activities and operations to secure efficiency and compliance to company policies
  • Supervise administrative staff and divide responsibilities to ensure performance
  • Manage phone calls and correspondence (e-mail, letters, packages etc.)
  • Support budgeting and bookkeeping procedures
  • Issue Invoice – monthly basis
  • Received invoice and record it in monitoring system
  • Salary, EPF, SOCSO,LHDN, petty cash, etc
  • Create and update records and databases with personnel, financial and other data
  • Track stocks of office supplies and place orders when necessary (office supplies)
  • Human Resource assistant: Monitor and tracking staff leave and time track.
  • Act as the point of contact between the executives and internal/external clients
  • Handle requests and queries appropriately
  • Develop and carry out an efficient documentation and filing system
  • Perform any other clerical duties that may be required and assist colleagues whenever necessary

Requirements

  • Required for 4 -6 months starting Dec-2020.
  • Proven experience as an executive administrative assistant or in other secretarial position
  • Full comprehension of office management systems and procedures
  • Excellent knowledge of MS Office
  • Up-to-date with advancements in office gadgets and applications
  • Ability to multitask and prioritize daily workload
  • Discretion and confidentiality
  • Diploma in Business Administration with at least 4 years experience; additional qualification (Degree) as personal assistant would be considered an advantage.
  • Will be based at Puchong Prima, for an office of size 6 pax.

Send CV to enquiries@igl.com.my


Malaysia: Petronas performs first ship-to-ship LNG bunkering operation at Pasir Gudang

December 8, 2020

Datline 2020-11-11, Manifold Times (I tell you, the names people are coming up with. Welcome to the Penyu Times):

Malaysian oil and gas company Petroliam Nasional Berhad (Petronas), on Tuesday (9 November) reportedly performed its first liquified natural gas (LNG) bunkering operation south of Pasir Gudang Port, Johor.

The bunkering operation marks the company’s venture into LNG bunkering in the region.

The project was developed jointly with the government through the Ministry of Transport, and the Marine Department Malaysia (JLM) since 2017 to install the necessary infrastructure needed for LNG bunker supply.


Malaysia to cut reliance on petroleum revenues

December 7, 2020

Hahahahaha, ha (snort).

Dateline 2020-11-11, Argus Media:

Malaysia is seeking to reduce its reliance on oil and gas revenues, forecasting a near 25pc fall in total petroleum revenues to 37.8bn ringgit ($9.2bn) next year as the Covid-19 pandemic continues to batter global crude prices.

The drop, from petroleum revenues of 50bn ringgit this year, is largely driven by an estimated fall in dividends from state-owned oil firm Petronas to 18bn ringgit next year, down by almost 50pc from 34bn ringgit in 2020 and just a third of the 54bn ringgit paid in 2019, according to a fiscal outlook report that accompanied the government’s 2021 budget announcement on 6 November.


Petronas’ Malaysia LNG supply faces headwinds

December 6, 2020

Dateline 2020-11-09, Energy Voice:

The Petronas-operated Bintulu LNG export complex, in the eastern Malaysian state of Sarawak, desperately needs new gas supplies to maintain its exports in the near-to-medium term, as legacy fields mature.

Moreover, recent news that the fast-track schedule for PTTEP’s giant Lang Lebah field development appears to be slipping, does not bode well for the 29.3 million tonne per year LNG export facility, which is one of the world’s largest.

Thai upstream player PTTEP said on 5 November that it only expects to take a final investment decision (FID) for its proposed giant sour gas field in 2022. Initially, FID was targeted by 2021, after the field was discovered in 2019. Further slippage is possible.


This Could Become The World’s Most Expensive Crude Oil

December 5, 2020

Dateline 2020-11-08 , Oilprice.com:

Malaysia’s Tapis grade crude oil, produced in the South China sea near the Malaysian peninsula, has long been recognized as the world’s most expensive. Its lightness with an API gravity of 42.7 degrees and sweetness, which sees Tapis possessing extremely low sulfur content of 0.04%, makes it highly desirable for refining into high quality gasoline, diesel and other fuels. 


Malaysia’s Petronas facing minor production issues at Bintulu LNG plant

December 4, 2020

Dateline 2020-11-09, Marketscreener:

Malaysian state energy firm Petronas on Monday said it was facing minor production issues at its liquefied natural gas (LNG) plant in Bintulu and that supply has not been affected.
Reuters had reported on Friday that loadings of LNG cargoes have been delayed from the plant, located in the eastern Malaysian state of Sarawak.

Petronas said the production issues at Bintulu are under control and have been resolved, adding that they are “part and parcel of operations”.


Malaysia starts LNG bunkering operations, makes first delivery

December 3, 2020

Dateline 2020-11-10, Reuters:

 Malaysia, through state oil firm Petronas, has ventured into the liquefied natural gas (LNG) bunkering business and made its first delivery in the southern state of Johor this week, the country’s marine department said on Tuesday.

The maiden operation involved supplying 1,150 tonnes of LNG from bunkering vessel MV Avenir Advantage, which Petronas leased from Future Horizon, to vehicle transport vessel Siem Aristotle at the Pasir Gudang port on Monday.

“This makes Malaysia among a few first-mover countries able to provide LNG bunkering services to the marine industry in the east,” Marine Department Malaysia said.