Dateline 2020-11-08 , Oilprice.com:
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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.
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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”.
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Leave a Comment » | oil and gas | Tagged: bintulu, MLNG, Petronas, Sarawak | Permalink
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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.
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Dateline 2020-11-01, Daily Express:
THE idiom “a slap in the face” means a sharp rebuke or rebuff. Shell’s planned pull out is an extensive pull-down for Sabah fragile economy.
Besides its promises, it has been and will continue to make millions from the pumping of our petroleum out of its two deep water wells. Shell is not pulling out of Malaysia. It is moving its upstream office out of KK and will build a new office to house them in Miri. The question is what are the underlying factors that have led to the Shell pull out.
Impotent words from Sabah politicians. Sabah political leaders have united for once to beat their war drums, showing their rage on this Shell pull out.
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When we decarbonise, can we reuraniumise?
Dateline 2020-11-09, NST:
NET zero is a desperately needed global goal. It means minimising our atmospheric greenhouse gas emissions and fully absorbing emissions that cannot be avoided into forests, mangroves, and other carbon sinks, or through carbon capture and storage systems.
Petroliam Nasional Bhd president and group chief executive officer Tengku Muhammad Taufik made clear on Oct 28 its aspiration to achieve net zero carbon emissions by 2050. It follows similar welcome announcements earlier by Total (France), Repsol (Spain), BP (United Kingdom), and Shell (UK/Netherlands).
But, how can any oil and gas company make such a bold statement? The pledges are definitely good news even though, as is often the case, the devil is in the details. Definition of “net zero” depends on what types of emissions are counted.
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Dateline 2020-11-06, Petroleum Intelligence Weekly:
Tengku Muhammad Taufik was appointed CEO of Petronas in July 2020 as the Covid-19 crisis was taking its toll on the global energy industry, forcing oil companies to rethink both short- and long-term planning due to concerns about future demand. He discussed the Malaysian state oil company’s strategy for dealing with the pandemic and the low-carbon energy transition at this year’s Energy Intelligence Forum. Select excerpts follow below.
Q: How is the company tackling the short-term demand uncertainty, the safety issues stemming from the coronavirus, and all these talks of the energy transition?
A: Within the corridors of Petronas we call this the “great reset,” and I do not think it is an understatement as many have described the confluence of events as unprecedented. We believe that the industry’s shape, structure, and behavior will be impacted long into the future by this pandemic. There needs to be both a short-term response as well as a medium to long-term strategy. In the short-term, we must address as an ultimate priority the safety and health of our employees.
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Leave a Comment » | oil and gas | Tagged: Petronas, Tengku Muhammad Taufik Tengku Aziz | Permalink
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Dateline 2020-11-02, FMT:
With the Deep Producer 1 languishing in Dubai pending a court auction for US$6.2 million in wharfage and related charges, questions are being asked as to the viability of its acquisition.
In March 2011, Ramunia Holdings Berhad (now TH Heavy Engineering Berhad or THHE), entered into a preliminary agreement to secure marketing rights to the vessel to allow it to bid for FPSO projects.
Ramunia went on to acquire the vessel for US$82.5 million, a 36.5% discount on its market value, substantially financed by bank borrowings.
The discount aside, Ramunia’s other justification for the acquisition was less clear. At the time, the company’s own disclosure sheet merely referred to “the prospects of time charter arrangement for any FPSO projects being secured”, but without specific details.
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Leave a Comment » | engineering, oil and gas | Tagged: Deep Producer, THHE | Permalink
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Dateline 2020-10-30, FMT:
The Sarawak government has issued mining leases to its oil and gas (O&G) company, Petroleum Sarawak Bhd (Petros), to carry out mining of O&G in two fields, in Miri and Marudi.
It marked the beginning of efforts to exercise the state’s constitutional rights to regulate onshore oil mining.
Chief Minister Abang Johari Openg who made the announcement tonight said the leases were for the Adong Kecil West field in Miri district and the Engkabang block in Marudi district.
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Leave a Comment » | oil and gas | Tagged: Abang Johari Abang Openg, Adong Kecil West, Engkabang, Marudi, Miri, PETROS, Sarawak | Permalink
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Was it manslaughter? Accidental death? Act of God (insurance companies’ favourite get out clause)?
Go start a fund for the widow. Better yet, go get the big companies’ HSSE departments to adopt the children.
Dateline 2020-10-29, FMT:
A woman whose husband died on board a ship that collided with an oil rig last Tuesday is demanding an explanation for what she called an act of negligence by the ship’s management.
Nateshwari Dhusan, the widow of Aaron Michael Rajasgara, one of two persons who died in the accident, told The Borneo Post that she felt hopeless and wanted answers about what had happened.
“What were the captain, chief mate and second mate doing? What were the deck crew doing?“ she asked.
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To sound like a broken record, how do I get into this gig?
Dateline 2020-10-30, Malaysian Reserve:
RENEWABLE energy (RE) projects in Malaysia led by oil and gas (O&G) players are expected to decelerate due to high gearing amid low oil price environment.
AmInvestment Bank Bhd (AmInvest) analyst Alex Goh said Yinson Holdings Bhd is the only party — among local service providers — that has taken the plunge by investing US$30 million (RM124.8 million) for a 95% equity stake in Rising Sun Energy Pte Ltd, which has a 160MW solar farm in Bhadla Solar Park Phase II in Rajasthan, India.
“Nevertheless, we envisage a slow adoption of renewable projects by local O&G providers given that a large segment is currently burdened by high gearing amid a low oil price environment,” Goh said in a report yesterday.
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Wata - Malaysian Oil and Gas Engineer 