Petronas: Easier access to cleaner energy with virtual pipeline system

October 9, 2020

Dateline 2020-09-08, The Star:

 As part of the company’s latest customer-centric solution to facilitate the growth of cleaner energy use across Peninsular Malaysia, Petronas recently launched the Virtual Pipeline System (VPS) solution via the Regasification Terminal (RGT) in Pengerang, Johor.

The VPS solution that was developed by the Gas & Power business of Gas and New Energy and marketed by Petronas Dagangan Bhd, delivers Liquefied Natural Gas (LNG) using trucks fitted with cryogenic tanks to off-grid customers.

Through the VPS solution, Petronas provides industries in Peninsular Malaysia that are not connected to the natural gas infrastructure with an option to switch to gas as an alternative form of cleaner energy.

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Posted by Wata

Tengku Zafrul: Govt committed to ensuring Petronas returns to profitability

October 8, 2020

hahahahahahahaha, to carry on from yesterday’s laugh. Or should it be (sad face) as this smacks of subsidy. To PETRONAS. To get profitability and dividends. From PETRONAS.

How about just not getting dividends for the next say 2 years and letting us service providers gracefully transition (with subsidies) to other industries?

Dateline 2020-09-06, Malay Mail:

The government is committed to ensuring that Petroliam Nasional Bhd (Petronas) is able to return to profitability, but it depends on world oil prices.

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the loss announced by Petronas two days ago were due to the fall in oil prices but for now they have shown an increase.

“If I am not mistaken, in March and April (Brent crude) oil price fell to US$20 per barrel. At least now there is an increase (in oil price) in the global economy … the projected oil price this year is about US$40 per barrel, so the projection is still within our range,” he told reporters here today.

Tengku Zafrul was commenting on Petronas’ announcement on its net loss of RM21 billion in the second quarter (Q2) ended June 30 2020, dragged by huge impairments on assets and weaker oil prices, against a profit of RM14.7 billion in the same quarter last year.

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Posted by Wata

Petronas CEO: Dividend payout to Malaysian govt will depend on affordability

October 7, 2020

Hahahahahahahahahaha (snort). Seriously, pigs have been equipped with jetpacks already?

Dateline 2020-09-04, Malay Mail:

National oil company, Petroliam Nasional Bhd (Petronas) says dividend payout to the government this year will depend on its affordability in light of the plunging oil prices and Covid-19 pandemic, which has taken a toll on its financial performance.

President and group chief executive officer Tengku Muhammad Taufik Tengku Aziz said Petronas’ year-end results would be the guidance to set the expectation and the group would have to deliberate on the board subject to the company’s affordability.

He also stressed that there is no pressure from the government on it given the unprecedented challenges that oil and gas companies were facing.

“This industry is volatile and like other oil and gas companies, the shareholders will tend not seeing so much returns.

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Posted by Wata

MOGEC GOLF CLINIC 2020 , 17th OCT 2020(SATURDAY), 8.00am & 2.30pm @ Puncak Alam Golf Driving Range

October 6, 2020

Guaranteed a fun learning experience from Malaysian Professional Golfers! 

RM150.00 per person for 3 hours including coach,golf balls,meals and network with industry players.

Date : 17th Oct 2020(Saturday)

Time: 8.00am & 2.30pm 

Venue: Puncak Alam Golf Driving Range 

Limited to 100 pax only ! Register now! 

We welcome corporate and individual sponsors. All sponsors names will be prominently displayed at the event.

Registration & Sponsorship form : 

https://forms.gle/pGCzdHrU3tixjqdU9

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Posted by mogecweb

Limbang among blocks where Petros may lead petroleum management

October 6, 2020

Dateline 2020-09-06, Malay Mail:

 The federal government is currently in discussions with Petronas for Petros to lead the petroleum management site regulations on onshore activities at blocks including Limbang.

Petros vice-president portfolio and planning Abang Arabi Abang Narudin disclosed this in reply to Deputy Minister of Transport and Limbang MP Hasbi Habibollah during a question and answer session at the Parti Pesaka Bumiputera Bersatu (PBB) Convention for the northern region here yesterday.

Hasbi said Chief Minister Datuk Patinggi Abang Johari Tun Openg had previously mentioned the possibility of oil being found in Limbang.

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Posted by Wata

Malaysia’s Petronas looks to reshape portfolio after quarterly loss

October 4, 2020

Wait, it made a loss 5 years ago? Last election?

Dateline 2020-0916, Reuters:

Malaysian state-owned energy giant Petroliam Nasional Berhad said on Friday it would reshape its portfolio after reporting its first quarterly loss in nearly five years following a coronavirus-related demand slump and lower oil prices.

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Posted by Wata

SDMC: Non-Sarawakians in O&G industry entering state now required to undergo 14-day quarantine

September 28, 2020

I don’t know what the status is as of today, but hey.

Dateline 2020-09-01, The Borneo Post:

Non-Sarawakian workers in the oil and gas industry who are entering Sarawak will be required to undergo quarantine effective today, said the State Disaster Management Committee (SDMC).

It said in a statement that Malaysians from Peninsular Malaysia, Sabah and Labuan as well as non-Malaysians who are signing on from their platforms will be placed at a quarantine centre in the state for 14 days.

“An rT-PCR test will be taken on the second and tenth day of quarantine.

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Posted by Wata

Marketing Rounds – IGL

September 25, 2020

As I do my quarterly contact with clients, I think I should do a blurb here, if you ain’t familiar with what I can do (snort, chuckle):

IGL – Process Safety, Assurance, Measurement and Allocation

My name is Wata from IGL, and I would like to introduce ourselves as providers of Process Safety Management, with experience is revalidation of HSE Cases and supporting documents, including formal/qualitative risk assessments and workshop based RAs. We can support operationalization of HSE cases and implementation of SCE management at either an operation or asset level.
IGL Services Sdn Bhd is a local entity incorporated in 2014. IGL is an engineering consultant, providing specialist services to the oil & gas and chemical industries.

We are a PETRONAS licenced company, in the areas of Process Safety and Measurement. We are registered with The Board of Engineers Malaysia as an Engineering Consultancy Practice, Ministry of Finance as a Chemical Engineering Consultant and with HRDF as a Training Provider.

We have experience supporting PETRONAS with respect to Process Safety Management (PSM) and Asset Integrity. We have provided PSM support for Carigali Hess. We were involved in reviewing the General Design Process Safety (GDPS) documents under TIPS. We have performed HSE Safety Cases for Vestigo and EPOMS.

We provide technical training, for example Risk Assessment Workshops, PSM and Safety Culture, HSE Operationalization.
We would be willing to present our capabilities to you at your leisure. In the meantime, we attach our brochure together with past projects, and we have more information at igl.com.my.

We look forward to working with you.

Corporate Profile and Past ProjectsDownload

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Posted by Wata

PIPC in Pengerang is open for business

September 24, 2020

Dateline 2020-08-28, Malaysian Reserve:

Pengerang Integrated Petroleum Complex (PIPC) sits on a 22,000-acre area in Pengerang, to the south-east of Malaysia’s Johor state. The PIPC is designed to accommodate downstream oil and gas industrial facilities such as refineries and petrochemical plants, deep-water terminal and storage tanks, naphtha crackers, regasification plants and supporting facilities, as well as manufacturing plants and industrial parks.

To be developed over four phases from 2012 to 2037, the PIPC covers both core and non-core downstream activities. Included in the PIPC master plan are designated areas for related support services such as a plastic and fine chemicals park, a light and medium industrial park, a waste management center, an emergency response center, a logistics hub, a commercial hub and others.

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Posted by Wata

Dive Bidong 2020-08 1oo2

September 23, 2020
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Posted by Wata

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