Volatile oil a drag on govt coffers

July 5, 2019

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.


Sarawak launches Asean’s first integrated hydrogen production plant

July 4, 2019

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.


Fuel subsidy mechanism in final stages

July 3, 2019

Dateline 2019-05-23, NST:

The Domestic Trade and Consumer Affairs Ministry has almost completed its final preparations to introduce the fuel subsidy mechanism for the low-income, or B40, group.

Its minister Datuk Seri Saifuddin Nasution Ismail said the ministry was looking for an appropriate window for its implementation before presenting it to the Cabinet.

“All our preparations and research on the mechanism are almost done. We are now looking at the right time for the programme implementation before bringing it to the Cabinet to share the mechanics and the process,” he said.


Crucial for Malaysian O&G companies to innovate to survive — Dr Mahathir

July 2, 2019

For safety, at which point does/did innovation in safety features reach peak ALARP, and now O&M has to bear the flag?
Dateline 2019-05-23, The Borneo Post:

Prime Minister Tun Dr Mahathir Mohamad says the oil and gas (O&G) industry remains volatile and therefore, it crucial that Malaysia continues to highlight its potential in the oil, gas and energy (OGE) sector while keeping up-to-date with the latest innovation and technology to strengthen its position.

He said this in his support message for the upcoming Asian Oil, Gas & Petrochemical Engineering Exhibition (OGA) series which will be returning next month to showcase the latest cutting-edge technology and the most innovative companies/individuals in O&G industry.


IEM Shout Out – 2019-07 One Day Course on “Offshore Sand Separation: Design, Operation and Maintenance”

July 1, 2019

My technical division will be hosting a 1 day course on the 23rd July 2019 It is worth 6.5 CPD points, and held at Wisma IEM. The course will be presented by Ir. Dr. John Eow.

In the upstream offshore oil & gas production, effective and efficient sand separation and management are vital, since the presence of sand particles and solids in wellhead production lines are likely to cause erosion and blockage issues in the subsequent downstream equipment at production platforms. As a consequence, dangerous incidents, such as failures of flowlines, production vessels, pumps and control valves, have a higher risk of occurring. Moreover, oily sands discharged into the sea are also an environmental concern.

This full-day course is designed to educate the participants on the engineering design, operation and maintenance of the technologies for the removal and cleaning of the sands and solids prior to discharge. Proven sand removal technologies, such as wellhead desanders, produced water desanding hydrocyclones, sand fluidizers, and sand cleaning systems are commonly used in the upstream oil & gas production. However, these sand removal and cleaning systems need to be designed and operated correctly to ensure optimized separation performance.

Ir. Dr. John Eow is a Chartered Engineer (UK) and a Professional Engineer (BEM), with more than 15 years’ experience in the Oil & Gas industry, having worked with sand separation and management, produced water treatment, crude oil dehydration-desalting, seawater treatment & injection, and gas processing technologies and equipment.   He also conduct lectures in chemical and process engineering at Singapore Institute of Technology. Dr. John obtained his B.Eng in Chemical Engineering (1st Class Hons) and PhD in 1998 and 2002, respectively, from University of Surrey, UK.   His PhD work was on electrostatic water-oil treatment technology.   Over the years, he has worked as a technology specialist with oil & gas technology-provider companies, such as Global Process Systems (Malaysia), Keppel Offshore and Marine (Singapore), Cameron Process Systems (Singapore, Japan and Malaysia), and EDES Technology Malaysia.   His experiences cover a wide range from Technical and Commercial Proposal to Detailed Engineering to Commissioning to Production Improvement & Troubleshooting for oil & gas processes and technologies.   He has also conducted technical training and process improvement work for Saudi ARAMCO, SABIC, PETRONAS, Sarawak SHELL, CNOOC, Murphy Oil Sarawak, Husky Oil Energy, GAIL India, Transwater API, CPOC, Boustead-Salcon Water Solutions, etc.

Register here, or download the form here.


Oil royalty: Some issues need to be discussed with federal govt, says Kelantan MB

June 30, 2019

Dateline 2019-05-21, Malay Mail:

The Kelantan government hopes that its oil royalty lawsuit against Petroliam Nasional Berhad (Petronas), which has been withdrawn, will be fully settled soon.

Mentri Besar Datuk Ahmad Yakob said the matter should have been settled by now, but due to some technical issues, it had not.


Sabah-Sarawak Gas Pipeline Shit for Maintenance

June 29, 2019

Yes, I have the evidence to prove it. I suggest that firing your spell checker is not a good idea.

Dateline 2019-05-21, AOG:

Malaysia’s state oil and gas company Petroliam Nasional Bhd said on Tuesday it has shut the Sabah-Sarawak gas pipeline that feeds gas to its liquefied natural gas (LNG) complex at Bintulu in the state of Sarawak as part of maintenance work.

Operations will resume when the maintenance work is completed, said Petronas, as the company is popularly known, in a statement, without specifying how long works would take.

Capture AOG 2019-05-21.PNG

 


Malaysia’s Petronas achieves first LNG production at floating facility

June 28, 2019

Dateline 2019-05-21, Yahoo/Reuters:

Malaysian state-owned oil firm Petronas said on Tuesday it has achieved its first liquefied natural gas (LNG) production at its floating LNG facility off the eastern state of Sabah.

Petronas, or Petroliam Nasional Bhd as it is formally known, said production was attained three days after the Petronas FLNG (PFLNG) Satu facility achieved first gas.

Petronas had earlier said in March it relocated the PFLNG Satu to the Kebabangan cluster field in Sabah, some 90 km northwest of the state’s capital city of Kota Kinabalu.

The facility was previously moored in the Kumang cluster field off the coast of Bintulu in neighbouring Sarawak, where it began the world’s first LNG production from a floating platform in 2017.

 


MB: Pahang wants federal govt to reconsider oil royalty payment to state

June 27, 2019

I.. am missing something here? Who’s paying who? There’s oil in them thar hills?

Dateline 2019-05-19, Malay Mail:

The Pahang government wants the federal government to re-consider the payment of oil royalty or “wang ihsan” (compassionate money) to the state.

Mentri Besar Datuk Seri Wan Rosdy Wan Ismail said a letter on the matter would be sent soon and the state would leave it to the federal government to decide on the amount.


Diving 2019-03 Morotai 8 of 8

June 26, 2019