Malaysia’s Petronas offers 14 exploration blocks, discoveries, late-life assets

March 20, 2022

How about giving them to local communities and coops?

Dateline 2022-01-27, Reuters:

Malaysia’s state energy firm Petronas said it was offering 14 offshore exploration blocks, six clusters of discovered resource opportunities (DRO), and one cluster of late-life assets (LLA) in its annual bid exercise launched on Thursday.

The exploration blocks offered in the Malaysia Bid Round (MBR), aimed at attracting investors to undertake exploration activities, mostly contain existing oil or gas discoveries.

Those are located in prolific geological provinces within the Malay, Sabah and Sarawak basins, Petronas said in a statement.

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South Korean, Malaysian players tie-up on green hydrogen venture in Sarawak

March 18, 2022

Dateline 2022-01-26, Upstream Online:

South Korea’s Samsung Engineering, Posco and Lotte Chemical plus SEDC Energy – a Sarawak Economic Development Corporation (SEDC) subsidiary– have signed a memorandum of understanding to develop a green hydrogen and ammonia project.

The Sarawak H2biscus green hydrogen/ammonia project (H2biscus Project) will be located in Bintulu, East Malaysia which is already home to the Petronas LNG Complex and Shell’s gas-to-liquids facility.

The H2biscus Project is looking to convert hydropower and natural gas to green hydrogen/methanol and blue hydrogen, and for the conversion of hydrogen to ammonia, aiming to supply hydrogen and ammonia to Korea and Sarawak.

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Malaysia charges second Aker Solutions official with using false documents

March 17, 2022

Dateline 2022-01-26, Reuters:

Malaysia on Wednesday charged an official at Norway’s largest oil services provider Aker Solutions , accusing him of using false documents to secure a license renewal, according to the company and a court charge sheet.

Mohd Yusof Ab Rahman, 54, a manager at the Malaysian office of Aker Solutions, plead not guilty at a Kuala Lumpur court, a prosecutor told Reuters. He faces two years in jail, a fine, or both, if convicted.

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Posted by Wata

Anniversary – Pengerang

March 16, 2022

Malaysian engineers never forget.

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Parts V and VI of the Petroleum (Safety Measures) Act 1984 disapplied to gas supplied to ‘consumers’

March 13, 2022

No idea what this is about

Dateline 2022-01-24, Lexology:

The Petroleum (Safety Measures) (Amendment) Act 1993 (‘Amendment Act’) will come into operation on 2 February 2022 pursuant to Legislative Supplement B (P.U.(B)) 41/2022.

When the Amendment Act comes into operation, the Petroleum (Safety Measures) Act 1984 (‘Principal Act’) will be amended as follows:

Part V of the Principal Act (which provides for the transportation of petroleum by pipelines) will cease to apply to the supply of gas to consumers through pipelines under the Gas Supply Act 1993 (‘Gas Supply Act’); and
Part VI of the Principal Act (which provides for the storage and handling of petroleum) will cease to apply to a licensee under the Gas Supply Act for the supply of gas to consumers through pipelines from the storage tank or cylinder specifically used for reticulation of gas to any apparatus in any premises.

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Six-year extension for ‘largest deepwater FPSO in Malaysia’

March 12, 2022

Dateline 2022-01-24, Offshore Energy:

Malaysian energy and maritime solutions provider MISC Berhad announced that the Malaysian Deepwater Floating Terminal (Kikeh) Limited (MDFT) had recently entered into an agreement with PTTEP to extend a charter contract for the FPSO Kikeh, which is operating off Sabah, Malaysia.

MDFT is a joint venture company between MISC and SBM Holdings (SBM) with 51 per cent and 49 per cent of the equity, respectively.

As reported by MISC on Monday, the charter extension for the vessel is for six years, beginning January 2022 until January 2028.

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Malaysia’s Petronas makes 3rd gas find off Sarawak’s Balingian province

March 11, 2022

Dateline 2022-01-07, Channel News Asia:

Malaysia’s state oil firm Petronas has made a new gas discovery at the Hadrah-1 wildcat exploration well off the coast of Sarawak state, the firm said on Friday.

The discovery by subsidiary Petronas Carigali Sdn Bhd was made at Block SK411k located in the shallow waters of Balingian Province.

Petronas said Hadrah-1 is the company’s third gas discovery in this province, after Sirung-1 and Kulintang-1 in March and May respectively.

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Petronas sees positive outlook for next three years on oil price recovery, pandemic SOP relaxation

March 10, 2022

Ah, what about the effect of Malaysia’s shrinking population to pandemic kills? And this is just the NOC? How about paying industry living wages? Seen the pay of your (and mine) cleaning staff lately?

Dateline 2021-12-28, The Edge:

Petroliam Nasional Bhd (Petronas) said on Tuesday (Dec 28) it expects a positive outlook for 2022 to 2024 for the national oil company on a recovery in crude oil prices, as well as relaxation of Covid-19 standard operating procedures (SOPs) and directives besides an increase in plug and abandonment projects for planned retirement of oil and gas wells.

Petronas said the information in its latest activity outlook report, which covers 2022 to 2024, is accounted for when a specific activity begins and not by contract award.

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Random Promo – Bichi Mao

March 9, 2022

Disclaimer – I have no financial interest, I am a Patreon backer of the artist, Bichi Mao.

Have a look at their work see if it doesn’t tug your heartstrings. Purch their merch.

Everything has its own priority, when you reach animals and have the means, please manage pet breeding, support trap, neuter and release programs and your local animal shelter.

http://nstagram.com/p/CY_wSkMP1Gv/

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Strong petrochemicals demand drives project starts in Malaysia

March 8, 2022

Did they take this wholesale from PETRONAS’ outlook?

Dateline 2021-12-28, Hydrocarbon Engineering:

Malaysia is likely to witness start of operations of 31 petrochemicals projects from 2021 to 2025 driven by robust demand for petrochemicals, according to GlobalData.

GlobalData’s ‘Global Petrochemicals New-Build and Expansion Projects Outlook, 2021-2025’ report reveals that out of 31 projects expected to commence operations in Malaysia, polyethylene projects would be at three, followed by polypropylene and benzene with two each.

Bhargavi Gandham, Oil & Gas Analyst at GlobalData, comments: “Petrochemicals consumption is on the rise in Malaysia leading to supply-demand mismatch. This is leading to growth in investments and establishments of joint ventures to boost petrochemicals capacity in the country.”

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