Petronas needs new direction to survive climate change, says MP

October 8, 2021

Again, PETRONAS, Petrlouem Development Act? This is like saying PROTON needs to pivat towards mass transport, and gomen will subsidise them… wait. Or maybe Malaysian Airlines needs to pivot toward hospitaliy services, and gomen will subsidise them.. wait.

Dateline 2021-09-29, FMT:

State energy firm Petronas has to change its business model to survive in the coming decades due to climate change.

Wong Chen (PH-Subang) said it would need to focus instead on renewable energy, together with its contractors, vendors and suppliers.

“Otherwise, Malaysia will face a catastrophe,” he said during his speech on the 12th Malaysia Plan (12MP) at the Dewan Rakyat.

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Malaysia’s Petronas reports fire at LNG complex in Bintulu, operations unaffected

October 7, 2021

Pure speculation on my part, pump fire?

Dateline 2021-09-29, Reuters:

Malaysia’s state energy firm Petronas said a fire broke out at its massive liquefied natural gas (LNG) complex in Bintulu on Tuesday but that operations were unaffected.

The fire occurred at the sea-cooling water outfall channel located outside the complex’s process area, and was successfully extinguished, Petronas said in a statement on Wednesday.

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Saudi Arabian Oil : Malaysia’s Petronas hopes to restart Pengerang refinery by year-end

October 6, 2021

Dateline 2021-09-26, Market Screener:

Malaysia’s Petronas hopes to restart its Pengerang refinery-petrochemical complex, a joint venture with Saudi Aramco, by year end, Arif Mahmood, Petronas’ executive vice president and CEO of downstream, said at the Platts APPEC 2021 conference.
The 300,000 barrel-per-day refinery complex in Johor was shut in March 2020 following a deadly fire. The Malaysian state energy firm in February delayed the restart of the complex to the second half of 2021 from the first.

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Petronas’ subsidiaries to benefit from hydrogen production

October 5, 2021

Y’know, PETRONAS was a creation of The Petroluem Development Act. I suggest they stick to it, and the gomen pass the Hydrogen Devepment Act, the Renewable Energy Development Act, and let the O&G industry look after its own. Or risk having a company too big to fail (sound familiar, UK and China?)

Dateline 2021-09-23, The Edge:

Petroliam Nasional Bhd’s (Petronas) subsidiaries, such as Petronas Chemicals Group Bhd and Petronas Gas Bhd, are well positioned to begin investing in natural gas-to-hydrogen production, which could diversify their revenue stream, said AmInvestment Bank.

In a research note today, the investment bank said support providers such as Dialog Group Bhd — which has built liquefied natural gas terminals in Pengerang and provided specialist and plant maintenance services — may also be able to take part in the value chain as Petronas ventures into the hydrogen market.

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Sabah expects to have bigger say in oil and gas development with CSA, says CM

October 4, 2021

Dateline 2021-09-23, Malay Mail:

Initial discussions with Petronas indicate that a Commercial Settlement Agreement (CSA) may be reached soon, allowing Sabah to have a more significant role in its oil and gas development.

Sabah Chief Minister Datuk Seri Hajiji Noor said that the state government’s most recent meeting with Petronas took place on August 24, and that discussions were also held with Putrajaya via Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz, and the response has been “very positive”.

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Covid-19: Sabah records further drop in daily cases, but KK figures jump due to oil rig workers’ cases

October 3, 2021

Dateline 2021-09-25, The Star:

Sabah recorded a further decline of daily Covid-19 cases on Sunday (Sept 19), dropping to 1,356 infections compared to 1,395 previously, but saw the state capital numbers increased from the work-related spread in the oil and gas industry.

State Covid-19 spokesperson Datuk Seri Masidi Manjun said Kota Kinabalu district registered 220 cases, a jump from 160 the day before.

“Only yesterday (Saturday, Sept 18), I mentioned about the challenges of infections among offshore workers padding to numbers, and today we saw the increase in Kota Kinabalu attributed by 78 positive cases involving the workers of an offshore oil rig owned by Petronas,” he said.

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Malaysia’s Kimanis oil exports hit by issue at Shell field

October 2, 2021

Dateline 2021-09-16, Reuters:

Exports of Malaysia’s flagship crude oil Kimanis will fall in October and November after a production issue at an offshore oilfield operated by Royal Dutch Shell (RDSa.L), three sources with knowledge of the matter said.

Petroleum Brunei, one of the stakeholders, cancelled a tender to sell a Kimanis crude cargo that was supposed to load in early November because of the problem, one of the sources said.

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Malaysian contractor takes action against operator

October 1, 2021

I see I know the poster boy in the article.

Dateline 2021-09-13, Upstream:

Malaysia’s Barakah Offshore Petroleum said it has lodged an adjudication claim against UK-based operator EnQuest Petroleum’s Malaysian subsidiary relating to offshore works.

Barakah said the claim by its wholly-owned subsidiary PBJV Group amounts to 73.6 million ringgit (US$17.7 million).

It relates to work done by PBJV pursuant to a letter of award dated 13 July 2018 and signed on 16 July 2018 whereby PBJV was engaged by EnQuest for the provision of the Pan Malaysia Maintenance, Construction and Modification (PM-MCM) contract bearing contract no: EN17051.

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Petronas, Eneos to develop clean hydrogen supply chain

September 30, 2021

Now, is clean hydrogen, black, blue, green or indigo?

Dateline 2021-09-11, The Malaysian Reserve:

Petroliam Nasional Bhd via its subsidiary Petronas Gas and New Energy Sdn Bhd (PGNESB) has signed a memorandum of understanding (MoU) with Eneos Corp (Eneos) to develop a competitive, clean hydrogen supply chain between Malaysia and Japan jointly, and to explore other hydrogen opportunities.

Petronas Gas and New Energy executive VP and CEO Adnan Zainal Abidin said the group is proud to expand its three-decade long energy partnership with Eneos to include hydrogen.

“This is on top of what we have established in the liquefied natural gas (LNG) space.

“More importantly, this partnership is a testament of how industry collaboration can help accelerate our shared aspiration towards a low carbon future,” he said in a statement.

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Climate change experts reiterate concerns over increasing surface temperatures in Malaysia

September 28, 2021

Dateline 2021-09-09, The Sun Daily:

The mercury is rising but it is not fever. Over the past half a century, the surface temperature has risen by 0.13°C in Sarawak, 0.16°C in Sabah and 0.25°C in Peninsular Malaysia every decade.

While this may seem negligible to the layman, climate experts are already sounding the alarm.

Just a 1.5°C increase in temperature will destroy 70% to 80% of the world’s coral reefs, according to Ecotourism and Conservation Society Malaysia president and chief executive officer Andrew J. Sebastian.

Malaysia is already close to that.

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