July 25, 2019
Didn’t we have gas shortfalls in the late 90s?
Dateline 2019-06-25, Maritime Executive:
Malaysia offers some of the most material and attractive upstream investment opportunities in Southeast Asia, primarily due to the need for additional gas supply.
According to research by natural resources consultancy Wood Mackenzie, the multiple breakdowns in the Sabah-Sarawak gas pipeline and a delayed final investment decision (FID) on the large Kasawari offshore gas project have resulted in short-term supply crunch to the Bintulu MLNG plant. This supply shortage is expected to continue though to at least 2025, when major new fields are likely to be brought onstream. These include Jerun, Timi, Rosmari, Marjoram and Kasawari.
“This is a golden opportunity for upstream players to swiftly bring gas onstream and jump ahead of the queue: either in the form of increasing existing production, or by developing smaller discoveries to tie into existing infrastructure. But speed is the key,” said upstream research director Angus Rodger.
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Posted by Wata
July 24, 2019
Dateline 2019-06-25, Splash247.com (sounds like a men’s magazine):
Vitol, the world’s largest independent oil trader, is building a small oil refinery at its storage terminal in Malaysia to supply low-sulphur fuel for ships.
The facility will be able to process 30,000 barrels per day and is located just opposite the Port of Tanjung Pelepas, overlooking western Singapore.
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Posted by Wata
July 23, 2019
Dateline 2019-06-24, Offshore:
Malaysia’s need for additional gas supplies could trigger a new round of upstream investment in Southeast Asia, according to Wood Mackenzie.
There have been multiple breakdowns in the Sabah-Sarawak gas pipeline and Petronas’ large Kasawari gas project offshore Sarawak has still to receive the go-ahead.
This has resulted in a short-term supply problem for Malaysia’s Bintulu MLNG plant, and the shortage could continue until at least 2025, when new fields are due to come onstream such as Kasawari, Jerun, Timi, Rosmari, and Marjoram.
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Leave a Comment » | oil and gas | Tagged: Jerun, Kasawari, Marjoram, MLNG, Rosmari, SSGP, Timi | Permalink
Posted by Wata
July 22, 2019
Dateline 2019-06-25, Global News Wire:
International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that it has commenced drilling of the first well in a planned multi-well drilling program on Block PM307, located offshore Peninsular Malaysia. IPC is the operator of Block PM307 and holds a 75% working interest, with Petronas Carigali Sdn Bhd holding the remaining 25% working interest.
The PM307 drilling program is planned to consist of two infill landing pilot wells in the southeastern and northeastern areas of the Bertam field, followed by the Keruing exploration well and three Bertam field infill wells. The first pilot well will test the upside potential in the northeastern A15 area, which could lead to an additional infill well being added to the 2019 program in the success case. The second pilot well will target the southeastern A14 area with the aim to confirm commercial quantities of hydrocarbons and to act as a landing pilot to de-risk development drilling. The Keruing exploration well will target a prospect in the I-35 reservoir, approximately 600 metres shallower than the Bertam field.
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Posted by Wata
July 21, 2019
Dateline 2019-06-21, Upstream Online:
Malaysian operator Petronas is expected to approach the market soon seeking contractors to provide subsea facilities for development of the Kelidang Cluster in Block CA-2 off Brunei, moving a step closer to anticipated first production at the deep-water natural gas field in late 2021 or early 2022.
Industry sources with direct knowledge of the field development told Upstream that the state-owned company will award Norway’s Aker Solutions a contract to start on the front-end engineering and design for the Kelidang Cluster scheme, which includes a subsea production system and subsea umbilicals, risers and flowlines.
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2 Comments | oil and gas | Tagged: Aker, Kelidang, Petronas | Permalink
Posted by Wata
July 20, 2019
Dateline 2019-06-21, Upstream Online:
Exploiting the estimated 3.2 trillion cubic feet of recoverable gas reserves hosted in the Kasawari sour gas field off Malaysia has been a long time coming and there are still hurdles to be overcome, writes Amanda Battersby.
Operator Petronas originally targeted a 2019 start-up date for Kasawari with peak production of 900 million cubic feet per day envisaged. However, it now seems likely that the final investment decision will not be taken until the middle of next year at the earliest.
Among the challenges, industry sources suggested Petronas could yet return to the market with another open tender process if it cannot agree an acceptable price for the large central processing platform with preferred contractor Malaysia Marine & Heavy Engineering.
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Posted by Wata
July 19, 2019
Dateline 2019-06-21, NST:
Oil and gas majors are transitioning into new energy portfolios and partnerships as pressure mounts for business growth and environmental sustainability.
In an interview with The New Straits Times, Petroliam Nasional Bhd (Petronas) vice president of refining and trading Mohd Yusri Mohamed Yusof said that the global energy landscape is going through structural changes – and trends are emerging with new business and partnership models, as risks, and returns are being weighed out.
“It is a transition – from what was categorically upstream, and downstream businesses monetising hydrocarbons, to now, the inclusion of other energy supply sources in the mix,” said Yusri who is also the chairman of the Asia Oil and Gas Conference (AOGC) 2019 organising committee.
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Leave a Comment » | oil and gas | Tagged: AOGC, Mohd Yusri Mohamed Yusof, Petronas | Permalink
Posted by Wata
July 18, 2019
Yeah, I’m looking forward to RM299 Redwing Pecos
Dateline 2019-06-20, NST:
THE government should introduce tax rebates and other incentives for the import and manufacturing of quality and smart personal protective equipment (PPE) to encourage more employers to protect their workers.
National Institute of Occupational Safety and Health (NIOSH) chairman Tan Sri Lee Lam Thye said, at a time when Malaysia was undergoing rapid development, greater attention must be given to safety at work and the use of high-quality and advanced PPE.
“I would like to propose to the government to consider granting tax rebate for imported PPE to make it more affordable and encourage employers to acquire quality PPE for their employees.
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Posted by Wata
July 17, 2019
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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Leave a Comment » | oil and gas | Tagged: Petronas, RAPID | Permalink
Posted by Wata
July 16, 2019
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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Leave a Comment » | oil and gas | Tagged: Michael Aziz Eu, Olver Valves, T7 Global, T7 Wenmax | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 