Malaysia’s PrefChem offers gasoil cargo for September

November 10, 2019

History, I know.

Dateline 2019-09-04, Reuters:

Malaysia’s Pengerang Refining and Petrochemical (PrefChem), a joint venture between Petronas and Saudi Aramco, has offered 300,000 barrels of gasoil for a mid-September loading, two industry sources said on Wednesday.

The cargo would load Sept. 12-14, the Singapore-based sources said, with the tender closing on Wednesday.

This is one of the first gasoil cargoes coming out of PrefChem, trade sources said, after the refinery restarted a crude distillation unit (CDU) last month.

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In Sabah, doubts linger as Putrajaya’s MA63 review accused of being one-sided affair

November 7, 2019

Dateline 2019-09-02, Malay Mail:

Sabahans remain unconvinced of Putrajaya’s sincerity in reviewing the Malaysia Agreement 1963, with concerns that the terms of the review being a one-sided affair.

Noting that discussions are still ongoing, political observers say that it is imperative that talks prioritise the 40 per cent return of revenue from the state, and deal with the thorny issue of oil and gas ownership.

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IEM Shout Out – APCChE 2019 2 of 2

November 6, 2019

The place looks sparce, but there were 1600+ participants, I promise you. We want to beat that number, for the APCChE 2021, to be held in Malaysia. Be there.

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Petronas’ role in the larger economy

November 5, 2019

Dateline 2019-08-30, The Malaysian Reserve:

PETROLIAM Nasional Bhd (Petronas) is set to announce its second-quarter (2Q) financial results soon. The performance of Malaysia’s most profitable company will be watched eagerly by the market and its sole shareholder — the government.

As the state-owned energy company is the nerve centre of the country’s oil and gas sector, Petronas’ financial performance is critical to the wider economy. It is after all the most successful company based on revenues, profits and other financials. It is also celebrating its 45th birthday this year.

Indicators suggest Petronas’ listed downstream businesses would influence its overall profit, despite the average global oil price not tumbling to the dismal levels of January 2016.

Its upstream business, which accounts for about 55% of the group’s revenue, had been averaging at US$65 (RM273) a barrel level for the Brent contract from April to June this year, compared to above US$70 in the corresponding period last year.

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Exit Malaysia, GPS urged after data on Sarawak oil and gas reserves denied

November 4, 2019

Dateline 2019-08-27, FMT:

Petronas has no right to keep the Sarawak government in the dark about the amount of oil and gas reserves in Sarawak, Parti Bumi Kenyalang president Voon Lee Shan said.

He said this following Sarawak Chief Minister Abang Johari Openg’s claim that Petronas had refused to disclose any data or information on the state’s oil and gas reserve to the state government.

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Perak natural gas project to be completed mid-2020

October 8, 2019

Dateline 2019-08-23, The Edge:

About 77 percent of Perak’s natural gas pipeline project, which stretches for 140 km from Ayer Tawar, Manjung to Lembah Kinta has been completed, and is expected to be ready by the middle of next year.

Gas Malaysia Bhd chief executive officer Ahmad Hashimi Abdul Manap said so far, six factories in Perak had benefited from the project.

“We hope to get up to 40 industry customers. The most important thing is the completion of the project,” he told a press conference during a visit to Nihon Canpack (M) Sdn Bhd’s factory here, today.

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IEM Shout Out – 2019-11 Technical Visit to Lynas

October 3, 2019

My technical division (and others) will be hosting a visit on the 2nd November, 2019.

Lynas Corporation Ltd is an Australian Stock Exchange 200 listed company. Its strategy is to create a reliable, fully integrated source of Rare Earths from mine through to market, and to become the benchmark for the security of supply and environmental standards in the global Rare Earths industry. Rare Earths are moderately abundant group of 15 metallic elements known as the Lanthanide series. These Rare Earths are playing a pivotal role in greenhouse gas reduction, are enablers of digital technology and its miniaturisation and are also supporting the uptake of energy efficient initiatives.

Lynas Advanced Materials Plant (LAMP), situated in Kuantan, Pahang is a state-of-the-art Rare Earths processing plant that process Rare Earths sourced from Mount Weld in Western Australia, the richest known deposit of Rare Earths in the world. The visit aims to enlighten participants of the properties of Rare Earths, their use and the daily operational aspects of LAMP.

PERNEPA ENGINEERING & MARITIME SERVICES SDN BHD (PEMS) 

Pernepa Engineering & Maritime Services Sdn Bhd (Persatuan Nelayan Pahang) (Kuantan Slipway) is providing complete facilities for building, repair and maintenance of medium size commercial, leisure and administrative vessel.

Participants will be familiarised among others, with the various types of vessel docking and new building, the facilities and services provided by the company.

Register here, or download the form here.

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Sabah’s gas, oil boost the GDP

September 18, 2019

Dateline 2019-08-15, Daily Express:

Production from natural gas fields mostly off East Malaysia and the East Coast of West Malaysia is boosting the country’s GDP into the second quarter of 2019.
Stronger mining output came mainly from higher natural gas production which rose 13pc year-on-year in June, 2019, being the end point of the first quarter of 2019 (+7.6pc year-on-year in May).
This compensated for the poor output in crude oil which dropped -3.7pc year-on-year in June, (-2pc year-on-year in May).
Natural gas output has been in the positive since March while mining crude oil production has been in the negative growth trajectory since January 2019.

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Widodo moots JVs of state oil firms with Malaysia

September 17, 2019

Dateline 2019-08-09, Menafn:

The state oil companies of Malaysia and Indonesia could co-operate or even merge to expand their businesses together, Indonesian President Joko Widodo said yesterday during a state visit to Kuala Lumpur.
Asked during an interview if he had considered the prospects of co-operation between Petroliam Nasional Bhd (Petronas) and Pertamina, Widodo said: ‘(It) can be. Petronas and Pertamina could collaborate or be merged as one to become a large enterprise with more capacity, capital and equity.

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Minister says updating data on petrol subsidy for eligible Malaysians

September 16, 2019

Dateline 2019-08-09, Malay Mail:

The Ministry of Domestic Trade and Consumer Affairs is updating data on recipients of the petrol subsidy programme from the lower-income group (B40) to ensure that only those who are eligible receive such assistance.

The Minister, Datuk Seri Saifuddin Nasution Ismail, said a good data is when no recipients who are eligible are left out.

“We need to be clear who the target recipients are and the criteria required to qualify for the aid. All these must be developed and the target recipients must be identified,” he told reporters at a credential-presentation ceremony for Sabah and Labuan Parliamentary Consumerism Coordinators here, yesterday.

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