My Say: Structural barriers in O&G sector’s path to sustainability

April 2, 2022

I would have said the prognosis is a death knell for Malaysia, but hey.

Dateline 2022-02-13, The Edge:

The once-in-a-century heavy rainfall in December and ensuing floods that hit Malaysia should make us wonder about the floods that have occurred in the last few decades. With more extreme weather swings being predicted, how much worse will the floods be in the future?

The prognosis is not good. Based on the assessment of the United Nations Intergovernmental Panel on Climate Change (IPCC), a 1°C temperature rise can cause an increase of 7% rainfall in Malaysia in the coming decades. The World Bank’s climate risk country profile also foresees more frequent floods in Malaysia, owing to climate change attributed to global warming. Climate change is at our doorstep.

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Posted by Wata

Petronas opens more blocks for E&P offshore Malaysia

April 1, 2022

Dateline 2022-02-11, Offshore:

 Petronas is offering offshore areas in prolific geological provinces under the Malaysia Bid Round (MBR) 2022.

The offer comprises 14 exploration blocks, six clusters of discovered resource opportunities (DROs), and one cluster of late life assets (LLA).

All the 14 exploration blocks are in the Malay, Sabah and Sarawak basins, and most of them contain oil and/or gas discoveries.

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Petronas plans clean energy business unit in global shuffle

March 31, 2022

Dateline 2022-02-11, Energy Voice:

Malaysia’s national oil company Petronas is setting up a business unit focusing on clean energy solutions as part of a global operational shuffle.

Petronas chief executive Tengku Muhammad Taufik announced the changes in a two-hour long internal townhall on Tuesday, according to recording of the meeting reviewed by Bloomberg. He said the launch of the clean energy solutions business is aimed for as early as the middle of this year. Petronas is also divesting assets in Myanmar, Chad and Azerbaijan, according to the people.

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Posted by Wata

Random Promo – Loving Reaper

March 30, 2022

Disclaimer – I have no financial interest, I am a Patreon backer of the author, Jenny Jinya.

Have a look at her work at Loving Reaper, and see if it doesn’t tug your heartstrings if you have any joy in pets and animals. Buy her hardcopy compilation.

https://www.instagram.com/p/B6lKO65KCOQ/

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Posted by Wata

Shell weighs up drill drive offshore Malaysia

March 27, 2022

Still Anglo Dutch?

Dateline 2022-02-07, Upstream Online:

Anglo-Dutch supermajor Shell is gearing up for a drilling campaign offshore Sarawak, East Malaysia following a geotechnical investigation that is scheduled to start within days.

Shell has its eye on exploration and development drilling at four locations off the coast of Sarawak, with wells expected to be spudded this year.

The exploration prospects on the operator’s radar are Davana, Keremak and Ruku-Ruku, while drilling on its Selasih producing field is also on the cards.

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Sarawak to focus on downstream activities in oil and gas and agriculture

March 26, 2022

Dateline 2022-02-07, NST:

 Seventy per cent of the liquefied natural gas (LNG) supply in Malaysia comes from Sarawak, and yet the state only consumes less than five per cent of the country’s total production.

Chief Minister Tan Sri Abang Johari Openg said there was a pressing need to intensify localisation of gas supply and utilisation to further industrialise Sarawak in the next five to 10 years in order to increase high value downstream economic activities in the state.

“At the same time, we are also exploring new oil and gas blocks onshore and offshore to ensure volume is available for Sarawak’s journey towards industrialisation.”

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Posted by Wata

Government urged to bear temporary rise in fuel prices

March 25, 2022

Nope, educate riff raff like me to be efficient energy users. And efficient water users. And efficient food users. I mean, using a gas guzzler to go to a store 100m away, and idle in front of it for 30 minutes?

Dateline 2022-02-08, NST:

Business groups have urged the government to intervene and bear the temporary rise in fuel prices rather than impose an electricity tariff hike.

11 business associations and trade groups, in a joint statement today, pointed out that the recent electricity tariff hike would only “set the train of inflation further” and ring a death knell for many businesses and enterprises.

Businesses, they said, would not be able to absorb the “humongous” hike even if the economy was thriving.

“The sudden and immediate implementation of the hike in electricity charges is shocking in so many ways.

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Posted by Wata

Anniversary – Exxon Valdez

March 24, 2022

Safety engineers never forget.

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Oil royalties bait won’t bite, PAS tells Zaid

March 22, 2022

Why not?

Dateline 2022-02-07, FMT:

The Kelantan PAS Youth wing says payment of oil royalties to the state by the federal government is the right of the people and should not be used as a political bait.

Commenting on former law minister Zaid Ibrahim’s statement asking the voters to kick PAS out if they want the royalty payments, state PAS Youth chief Kamal Mohamad said such a decision must not be tied to the party which is ruling the state.

He said the people of Kelantan had previously been betrayed by the Umno-led Barisan Nasional (BN) government when it was in power by restricting the granting of oil royalties.

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Malaysia revs up carbon, capture and storage developments

March 21, 2022

Again, reduce, reuse, recycle, re-elect:

Dateline 2022-02-01, upstream:

Malaysia is targeting start-up of its first carbon capture and storage (CCS) project in 2025 and the second such development – also offshore Sarawak – is touted for the following year.

For Petronas Carigali’s Kasawari phase 2 project – the nation’s maiden CCS development – the extracted and compressed carbon dioxide will flow some 135 kilometres via a pipeline to the M1 field where it will be injected into a depleted reservoir.

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