Destini bags oil and gas assets service contract

September 18, 2021

Interesting, the article we link to has military assets in its graphics.

Dateline 2021-08-18, The Edge:

Integrated engineering solutions provider Destini Bhd has secured a contract to provide tubular handling and conductor installation equipment and services from Repsol Oil and Gas Malaysia.

In a statement today, Destini said the two-year job that started on July 21, which comes with an option of a one-year extension, was secured via its wholly-owned subsidiary Destini Oil Services Sdn Bhd. The value of the contract, however, was not revealed.

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Xodus to design Petronas’ first CCS facility

September 17, 2021

Doesn’t PETROS need to approve this?

Dateline 2021-08-17, The Chemical Engineer:

PETRONAS has awarded energy consultancy Xodus the conceptual engineering design contract for the state-energy firm’s first complete CCS project.

Xodus will conduct the feasibility studies and conceptual design for the CCS system for Kasawari, a sour gas field off the coast of Sarawak. The contract was won as part of Xodus’ contract with Petronas to provide engineering services for its Malaysian and international developments. Kasawari is scheduled to begin injecting captured CO2 in 2025, and has been billed by Malaysia’s state energy company as the world’s largest offshore CCS project. The field is estimated to have recoverable reserves of around 3 trn ft3 of gas.

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Question marks as Petronas delivers its first ‘carbon neutral LNG’ cargo

September 16, 2021

Dateline 2021-08-18, Energy Voice:

Malaysia’s Petronas has delivered its first ‘carbon neutral liquefied natural gas (LNG)’ cargo from its Bintulu export complex to Japanese utility Shikoku Electric at the Sakaide import terminal in Shikoku Island. Although question marks remain around whether the industry can really make LNG carbon neutral.

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PetGas looks beyond Malaysia’s gas needs

September 13, 2021

Dateline 2021-08-16, Malaysiain Reserve:

PETRONAS Gas Bhd (PetGas) had a good run in the 2010s. The gas infrastructure and utility player increased its pipeline and regasification capacity as Malaysia’s natural gas consumption rose by more than 80%. It also grew its necessary experience in the utility sector, including electricity, steam and gas products generation.

However, this decade may very well present a different landscape. For one, Malaysia’s gas industry market is expecting full liberalisation in the distribution segment in 2022 (see sidebar), with another regulatory review in 2023-2025. While PetGas’ monopoly in the gas infrastructure space remains unchanged, policy changes may set the tone for future returns from its regulated businesses of gas transport (pipeline) and regasification.

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Petronas announces end of SRT MotoGP title sponsorship

September 10, 2021

Aright, Formula E is coming to Malaysia. PETRONAS, where do I sign up? And have you heard of this thing called ChemECar competition. Send me a blank check, er, call me up so we can talk about competitions taking into account UNSDG.

And to paraphrase the philosophy of an Islamic Hadith, if you take away a good thing, replace it with something equally good or better.

Dateline 2021-08-14, Autosport:

On Thursday night it was revealed that Petronas would end its support for SRT in the MotoGP world championship at the end of the current season, just three years into the squad’s career in the premier class.

The support will also end for the Petronas Sprinta Moto2 and Moto3 teams, with both outfits expected to be folded by SRT at the end of the year to safeguard the MotoGP project.

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Malaysia’s Petronas eyes third floating LNG vessel amid upstream uncertainties

September 6, 2021

Dateline 2021-08-12,S&P Global:

Malaysia’s national oil company Petronas has issued a front-end engineering and design tender for a third floating liquefied natural gas or FLNG plant, for which bids are due in August from interested parties, according to sources with direct knowledge of the matter.

The FEED study is expected to kick off before the end of 2021 and lead to a final investment decision on the unit dubbed PFLNG Tiga during the second half of 2022, sources said. Petronas declined to comment.

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POSCO International wins right to explore gas fields off Malaysian Peninsula

September 3, 2021

Wait,

PM524 minefield?

Dateline 2021-08-10, Aju Business Daily:

 POSCO International, a trading arm of South Korea’s steel group, will work with Petronas, a Malaysian state oil and gas company, to explore gas fields in waters of the east coast of the Malaysian Peninsula.

In an international bid, POSCO International said it has won the right to explore and operate the PM524 minefield where Petronas already operates a gas field. The South Korean company aims to sign a product distribution contract within this year after coordinating with Petronas on detailed conditions.

POSCO International has picked promising mining areas by checking seismic waves and drilling data. The company will hold an 80 percent stake, along with the right to operate, while the remainder will be controlled by Petronas’ subsidiary, Petronas Carigali Sdn Bhd, a subsidiary of the Malaysian state company.

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Design Begins for Malaysian Carbon Capture and Storage Project

September 2, 2021

Dateline 2021-08-09, The Maritime Executive:

The development of the first complete Carbon Capture and Storage (CCS) project, offshore Malaysia, is getting underway for the oil and gas company Petronas. The conceptual engineering design contract for the project was awarded to the global energy consultancy Xodus. 

The Kasawari CCS project, off the coast of Sarawak, will comprise the capture and processing of carbon dioxide (CO2) from the sour gas field development, which will then be injected in a depleted gas field. This project is a key element of PETRONAS’ aspiration of achieving net-zero carbon emissions by 2050.

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Uzma awarded Risk Transfer Incentive Contract Work Order for RM29 mil

August 31, 2021

Risk Transfer Incentive Contract, wot?

Dateline 2021-08-09, Malaysian Reserve:

Uzma Bhd through its wholly-owned subsidiary Uzma Engineering Sdn. Bhd. secured a Work Order Award from PETRONAS Carigali Sdn. Bhd. for the Provision of a Risk Transfer Incentive Contract (RTIC) for Idle Wells Reactivation and Production Enhancement Services for Sabah assets.  

In a statement today the company said the contract duration is for three years beginning 13 July 2021 and ending on 12 July 2024 with an estimated contract value of RM29 mil.

The job scope of the contract involves deploying well intervention services to perform idle well reactivation activities at Offshore Sabah.  

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Shout Out – PCE 2021-08

August 23, 2021

BEM is having a presentation tomorrow, on the Professional Competancy Exam (PCE) at 10:30 to 12:30. I have some seats spare, if you can’t get one of the 1000 that were prepared. Visit https://bit.ly/2VHAPZt, which seems to have shut down.

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