Dateline 2019-06-19, The Edge:
Malaysian state oil company Petroliam Nasional Bhd or Petronas, and Saudi Aramco, have started operations at their new 1.2-million-tonnes-per-year naphtha cracker, multiple sources familiar the matter said on Wednesday.
The sources added that naphtha was imported this month specifically for the cracker, which had started recently though, an exact time frame could not be confirmed.
Petronas did not immediately respond to a request for comment.
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Posted by Wata
Not earth shattering, but I have mixed feelings in specing Oliver Valves:
Dateline 2019-06-19, NST:
T7 Global Bhd, via wholly-owned T7 Wenmax Sdn Bhd, has signed an exclusive agency agreement with UK-based Oliver Valves Ltd.
T7 Wenmax managing director Michael Aziz Eu said it would act as the sole and exclusive agent for the marketing and sales of valve solutions across Malaysia.
The company was bidding for RM100 million to RM200 million worth of contracts in Malaysia, he added.
“Wenmax is now focused on the Malaysian oil and gas industry and definitely we are looking at other markets in Southeast Asian countries.
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Posted by Wata
Dateline 2019-06-17, Malay Mail:
The Kelantan government is confident the federal government will pay the petroleum royalty to the state despite several postponements, said Mentri Besar Datuk Ahmad Yakob.
He said the Kelantan government would adopt the approach of waiting for the latest decision from the federal government after all procedures linked to the withdrawal of a oil royalty lawsuit against Petroliam Nasional Berhad (Petronas) was completed.
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Posted by Wata
“We are nervous because some drivers may be eligible and some may not be for the subsidy.” Um, define subsidy much?
Dateline 2019-06-17, FMT:
With just two more weeks before a targeted fuel subsidy system is slated to begin, petrol dealers complain that they are in the dark and no one has briefed them on how the system will work.
Khairul Annuar Abdul Aziz, president of the Petrol Dealers’ Association Malaysia, said dealers do not have any details on the system, in which lower-income motorists will receive a subsidy on the cost of petrol.
“We are in the dark. We do not know how it will be implemented and neither has anyone briefed us. We are nervous because some drivers may be eligible and some may not be for the subsidy,” he told FMT.
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I wonder if there is a target per capita fuel usage cap.
Dateline 2019-06-18, Malay Mail:
The US$16 billion (RM66 billion) Refinery and Petrochemical Integrated Development (RAPID) project in Johor is set to begin operations somewhere in the fourth quarter of 2019, Finance Minister Lim Guan Eng said today.
He said the project would turn Malaysia into a net exporter of refined fuels for the first time since 2008.
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Posted by Wata
Why? Isn’t Repsol and Hibiscus slinking round there? And there are newcomers everywhere, thank you.
Dateline 2019-06-13, Borneo Post Online:
Petronas has been urged to help Sabah oil and gas (O&G) contractors to grow as they are newcomers, thus unable to compete with other more established companies from Peninsular Malaysia and Sarawak.
Upko Youth chief Felix Saang said that Sabahan oil and gas players are new in the industry compared to their counterparts in the peninsula and Sarawak, thus they need to be given priority until they grow ‘big’ enough to compete on a level playing field.
Speaking to reporters after attending central Upko Youth Exco meeting here recently, he said he was informed many Sabahan oil and gas contractors were in limbo now as they were trapped in a difficult situation whereby they need experience and size before being able to bid for contracts while at the same time, they need contracts in order to gain experience and grow big.
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Posted by Wata
Dateline 2019-06-11, Malay Mail:
Prime Minister Tun Dr Mahathir Mohamad said today the federal government is still “collecting data” for the planned targeted fuel subsidy, with just one month left to its own July deadline.
Earlier this year, the Pakatan Harapan (PH) administration said it expected to roll out the system by July 1, amid scepticism from both experts and the public due to the complexities of targeted subsidies.
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Posted by Wata
And China has a base in North Sarawak.
Dateline 2019-06-10, The Star:
A proposed integrated oil and gas complex in Lawas will help boost development in Sarawak’s northern region, says Datuk Patinggi Abang Johari Tun Openg.
The Chief Minister said the US$5bil (RM20.8bil) project by China’s Beijing Beca Sci-Tech Co Ltd and Sinopec Engineering Incorporation would create jobs and spread development to the area.
“This will be a game changer for northern Sarawak, particularly Lawas and Limbang.
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Leave a Comment » | oil and gas | Tagged: Abang Johari Openg, Beca Sci-Tech, Sarawak, Sinopec | Permalink
Posted by Wata
Dateline 2019-06-08, The Star:
THE first three months of the year have been the best quarter for oil traders in recent years. Vitol, which is the largest independent energy trader in the world with 350 partners spread across the globe, made a clean profit of US$600mil (RM2.48bil) in the first quarter from the trading of oil.However, repeating the feat would be difficult.
Even the most seasoned of oil traders feel that oil would be volatile in the next few months and predicting the direction of the market is rather complicated.
The top trader in London-based Merchant Commodity Fund, Doug King, has described the oil market as greatly uncertain because traders are grappling with the dynamic forces of supply and demand.
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Is this renewable energy?
Dateline 2019-05-27, Malay Mail:
Sarawak is poised to become a world exporter of hydrogen following the launch of Southeast Asia’s first integrated hydrogen production plant and refuelling station here today.
Chief Minister Datuk Patinggi Abang Johari Openg said a potential overseas investor had shown interest in setting up a plant to produce hydrogen here and buy the product back to replace nuclear power in their country.
“I cannot reveal the details yet because negotiations are still on and there is a possibility of Sarawak becoming a world exporter of hydrogen that will give extra revenue to power our economy in the long run,” he told reporters after the launch of the plant and refuelling station being undertaken by Sarawak Energy, an energy development company, in collaboration with Linde EOX Sdn Bhd, a subsidiary of Linde Malaysia.
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Leave a Comment » | oil and gas, Renewable Energy | Tagged: Abang Johari Openg, hydrogen, Linde EOX, Sarawak energy | Permalink
Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 