Minister: Malaysia set to maximise green industry, renewable energy potential in 2020

March 5, 2020

Dateline 2020-01-03, Malay Mail:

Malaysia is set to maximize the potential of its green industry and renewable energy sector in 2020 to attain its objective of becoming South-east Asia’s green technology hub in the near future.

The commitment was spelt out by Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin who is determined to drive Malaysia to become a leader in the industry.

“We have done a lot about the renewable energy and green industry because we have a very clear target to achieve,” she said.

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Petronas Mulls Global Bond Sale After Five-Year Hiatus

March 4, 2020

Dateline 2020-01-03, Bloomberg:

Petroliam Nasional Bhd., Malaysia’s state-owned oil company, is considering selling global bonds for the first time in nearly five years, according to people with knowledge of the matter.

Petronas, as the company is known, asked banks to submit pitches for the proposed dollar-denominated, benchmark-sized bonds last month and is expected to pick advisers soon, said the people, asking not to be identified as the discussions are private.

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More oil and gas contracts for Malaysian players in Q1 2020: Report

March 3, 2020

Dateline 2020-01-03, Business Times:

MALAYSIAN oil and gas service providers can expect contract awards to improve in the first three months of the new year, compared with the decline in 2019 – on the back of not just seasonal lumpiness in the first and fourth quarters, but also momentum from longer-term projects.

That’s according to a recent report by AmBank analyst Alex Goh, who noted that Saudi Aramco has picked Sapura Energy and Malaysia Marine & Heavy Engineering Holdings for its long-term agreement programme – opening up the field to offshore projects in Brazil, Mexico, the Middle East and West Africa that may be worth as much as US$150 billion over the next decade.

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Sarawak’s oil for Sarawak

March 1, 2020

Dateline 2019-12-26, FMT:

Suarah Petroleum Group (SPG) would like to refer to the various statements by the CEO of Petronas, Wan Dzulkiflee Wan Ariffin, and Prime Minister Dr Mahathir Mohamad, as reported recently.

SPG reiterates the bigger picture that our stance, and we believe that of the Sarawak government as well, is based on the inequitable distribution of wealth and continuing poor management of Sarawak’s oil and gas resources that is the genesis of the situation which now manifests in our current disagreement with the federal government and Petronas.

To say or imply in any way that Sarawak’s demands are driven by short-term objectives or simply wanting larger royalty now is an over-simplification and misinformation that certain parties have put forward to mask the genuine and legitimate concerns of Sarawak that underpin SPG’s and the Sarawak government’s position.

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Sarawak CM: Petros to manage domestic gas business under Petronas soon

February 29, 2020

Dateline 2020-12-24, Malay Mail:

Chief Minister Datuk Patinggi Abang Johari Openg today said that Petroleum Sarawak Berhad (Petros) will soon be tasked with managing a domestic gas business that is now placed under the Petroliam Nasional Berhad (Petronas).

He said Petros, apart from being vested with the regulatory power over state’s oil and gas resources by the Oil Mining Ordinance 1958, is to ensure the state’s participation in the upstream and downstream activities of the oil and gas industry.

“The next few years will see more involvement of Petros as more investments are expected in the oil and gas and petrochemical industries in the state,” he said in his Christmas Eve’s message.

The chief minister also stressed that the state will continue to introduce new revenue streams to fund its development programmes.

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PETRONAS to develop four marginal fields

February 28, 2020

Jom, let’s have bids by a kampung or daerah cooperative. 1HLDB anyone?

Dateline 2019-12-24, The Edge:

PETROLIAM Nasional Bhd (Petronas) has launched a new licensing round for four marginal field clusters, with the bidding process open from October 2019 to May 2020, according to the national oil firm’s Activity Outlook 2020-2022.

Described as discovered resources opportunities (DRO) clusters, they are the Diwangsa and Rhu-Ara shallow water clusters located off the shores of Peninsular Malaysia, and the Kerisi and Bambazon clusters located offshore Sabah.

The Diwangsa cluster comprises four fields about 275km off the shores of Kemaman, Terengganu, while the Rhu-Ara cluster comprises two fields 150km from the shores of Pahang.

The Kerisi cluster, 115km from the shores of Sabah, contains four fields with water depths averaging 1,200m to 1,500m. The Bambazon cluster comprises two shallow water fields around 20km offshore northwest Sabah.

It has been six years since the national oil firm shelved the development of marginal oilfields in the country.

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Govt needs to develop use of LNG for transport sector: Expert

February 27, 2020

Who is Rafe? Not a lot of description in the article.

Dateline 2019-12-21, The Sun:

The government needs to take steps to develop the use of liquefied natural gas (LNG) as fuel for the transport sector as it is the cleanest and most suitable fossil fuel in today’s environmentally-friendly era.

Subject matter expert, LNG development (bunkering) Mohd Rafe Mohamed Ramli said the use of LNG would help the country reduce greenhouse gas emissions by 45% by 2030.

He said LNG is suitable for commercial vehicles such as lorries, trucks and express buses as they consume a lot of fuel.

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Commercial oil production begins at Layang field offshore Malaysia

February 26, 2020

Dateline 2019-12-20, Oilfield Technology:

JX Nippon Oil & Gas Exploration Corporation’s subsidiary, JX Nippon Oil & Gas Exploration (Malaysia) Limited, the Operator of Block SK10 offshore Sarawak, Malaysia together with PETRONAS Carigali Sdn Bhd, commenced commercial oil production from Layang Field on 3 December 2019.
Layang Field (“Layang”), in addition to its natural gas production since May 2017, commenced oil production by using a Floating Production, Storage and Offloading System (FPSO) named “FPSO Helang”.

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Malaysia adds second FLNG to monetise stranded gas from deepwater

February 24, 2020

Dateline 2019-12-20, Riviera:

In November, Petronas held a naming ceremony for its second floating LNG facility, PFLNG Dua, at South Korean shipyard Samsung Heavy Industries (SHI). When it is commissioned in 2020 the FLNG will have the capability to liquefy gas extracted from deepwater reservoirs in depths of up to 1,500 m.

The Malaysian energy company calls PFLNG Dua “bigger and better” than 365-m PFLNG Satu, its first FLNG, which achieved its first LNG cargo on 1 April 2017 and which is moored some 180 km offshore Bintulu in Sarawak, Malaysia. PFLNG Dua will have the capability to produce 1.5 mta of LNG, with a storage capacity of 177,000 m3. By comparison, PFLNG Satu has a capacity to produce 1.2 mta of LNG.

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Cover Story: A taxing uncertainty

February 23, 2020

‘Diplomatic discussions…’ What, we have a Federal ambassador in Sarawak?

Dateline 2019-12-20, The Edge:

THE past year would have been one of redemption of sorts for the Malaysian oil and gas (O&G) industry. There are more upstream activities and players are making up for lost time after prices started to stabilise following the severe downturn that began in 2015.

But just weeks before the year ends, one issue is threatening to put a dent in the sector’s business prospects in the country’s top oil-and-gas producing state, Sarawak.

Last month, what started off as diplomatic discussions over Sarawak’s share of oil revenue, under the broader Malaysian Agreement 1963, escalated into a lawsuit by the state government, which is claiming billions of ringgit in unpaid sales tax from national oil corporation, Petroliam Nasional Bhd (Petronas).

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