Malaysia’s Petronas says COVID-19 variants to keep oil demand uncertain

February 27, 2022

What are we recovering from? Are we O&G supplicants hoping that the world will continue consuming carbon based fuels like there is no Kyoto Protocol?

Dateline 2021-12-28, Reuters:

Malaysia’s state energy firm Petronas said on Tuesday that it anticipates recovery in oil demand from the impact of the coronavirus pandemic to remain fragile and uncertain in the next few years.

The industry was optimistic about economic recovery but remained cautious and needed to be ready to face oil price volatility, Petronas said in its activity outlook report for 2022-2024.

“The path towards sustained oil demand recovery remains fragile and uncertain due to the emergence of new COVID-19 variants that trigger fresh waves of lockdowns,” the custodian of Malaysia’s petroleum resources said.

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Storm delays Petronas’ MRU work at Pegaga gas field

February 25, 2022

Dateline 2021-12-21, Argus Media:

Malaysia’s state-owned Petronas has delayed the installation of an interim mercury removal unit (MRU) at the Pegaga gas field offshore Sarawak to 21 December because of stormy weather, according to some term offtakers of the 30mn t/yr Bintulu liquefaction and export project.

But Petronas is still targeting a 20 January start to gas production at the Pegaga field, unchanged from expectations last week, the offtakers said. The Pegaga field will supply feedstock gas to the Bintulu plant.

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Petronas expedites new gas fields, Sabah-Sarawak Gas Pipeline to restart in H2 2022

February 24, 2022

Dateline 2021-12-17, S&P Global:

has anyone heard of ASCOPE? Does it impact your operations?

Malaysia’s Petronas expects the Sabah-Sarawak Gas Pipeline to resume operations in the second half of 2022 and first gas from the key Pegaga project by the first quarter of 2022, a spokesperson for the national oil company said in response to queries.

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Random Promo – Loving Reaper

February 23, 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.

Each thing have their 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.

loading...

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Malaysia’s Pegaga field may start gas output in January

February 22, 2022

Dateline 2021-12-16, Argus Media:

Malaysia’s state-owned Petronas may be targeting a 20 January start to production at its Pegaga gas field offshore Sarawak, after the detection of high mercury levels at the field in September delayed the start to operations.

Petronas has set up an interim mercury unit (MRU) at the Pegaga field and will likely start commissioning the unit on 16 December, it told some term offtakers of the 30mn t/yr Bintulu plant early this week. This is in advance of earlier expectations that the MRU would be fixed in the middle of January. The Pegaga gas field supplies feedstock gas to the Bintulu liquefaction and export project.

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Petronas Dagangan partners with PETROS for liquefied petroleum gas business in Sarawak

February 21, 2022

Dateline 2021-12-13, The Edge:

Petronas Dagangan Bhd (PDB) has signed a heads of agreement with Petroleum Sarawak Bhd (PETROS) to mark the strategic partnership between the two parties in the liquefied petroleum gas (LPG) business in Sarawak.

The partnership includes the divestment of PDB’s LPG business in Sarawak to PetrosNiaga Sdn Bhd (PNiaga), a fully-owned subsidiary of PETROS, and a subscription of shares in PNiaga by PDB.

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Malaysia’s Petronas faces gas test in move to net zero

February 20, 2022

Dateline 2021-12-27, Argus Media:

Malaysia’s state-owned Petronas’ decision about how to move forward with its gas supplies after announcing a 2050 net-zero target has been complicated by current high spot LNG prices.

The firm’s net-zero plan includes hydrogen as a crucial step. It said blue hydrogen offers a way to monetise the 1.5 trillion m³ of shale gas reserves it owns as part of a joint venture in Canada. But current “spectacular” LNG prices are complicating the picture. “There’s this energy transition going on… but now LNG is looking beautiful. The price is spectacular,” Petronas’ hydrogen business head Adlan Ahmad said.

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Petronas to raise supply of natural gas to Sarawak

February 18, 2022

Wasn’t this more like, PETRONAS needed someone to buy the gas, and found a patsy?

Dateline 2021-12-13, The Star:

Petroliam Nasional Bhd (Petronas) will raise the supply of natural gas to Sarawak by more than 250%, or up to 1,200 mmscf (million standard cubic feet) per day from the current 450 mmscf per day to support the implementation of projects under the Sarawak Gas Roadmap (SGR).

Chairman Tan Sri Mohd Bakke Salleh said the staggered increase in the natural gas supply would not only support Sarawak’s aspiration to attract investments from new, higher value-adding industries into the state but also provide the necessary impetus for further downstream exploration that would strengthen the state’s hydrocarbon resource base.

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Random Promo – Loving Reaper

February 16, 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.

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.

https://www.webtoons.com/en/challenge/loving-reaper/one-last-ride/viewer?title_no=353275&episode_no=30

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Posted by Wata

Malaysia’s Petronas Gas to build new gas compressor station

February 9, 2022

Interesting, I would look to business intelligence, figure out who exactly is setting up business in Johor, and conclude that Singapore needs our gas.

Dateline 2021-12-08, The Business times:

Malaysia’s Petronas Gas on Wednesday said it has approved a final investment decision for the construction of a new gas compressor station in the southern state of Johor.

The station in Kluang, Johor, is to be completed in the first quarter of 2024 with an aim to increase the gas capacity of the Peninsular Gas Utilisation II gas pipeline network, the firm said in a bourse listing.

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