Malaysia’s Petronas testing polymer units at Pengerang

May 19, 2019

Dateline 2019-04-04, Argus:

Malaysian state-owned oil firm Petronas is continuing test runs of polymer units at its new petrochemical facility in Pengerang in the run-up to the Islamic fasting month of Ramadan.

Petronas has so far produced small quantities of on-specification product.

The facility, a joint venture between Petronas and Saudi Arabia’s state-owned Saudi Aramco, will be able to produce 900,000 t/yr of polypropylene (PP) and 750,000 t/yr of polyethylene (PE).

Petronas is expected to ramp up test runs and increase run rates in the run-up to Ramadan, which starts in early May.

Ramadan is typically a slow period in Malaysia, with working hours reduced in state-owned companies.

…

Leave a Comment » | Chemical, investment, oil and gas | Tagged: , , | Permalink
Posted by Wata

Johor crown prince rebuts PM Mahathir, insists Johor was not informed about shipping hub project

May 18, 2019

Dateline 2019-04-02, Channel News Asia:

The crown prince of Johor, Tunku Ismail Sultan Ibrahim on Tuesday (Apr 2) hit back at Prime Minister Mahathir Mohamad for saying that the southern state has been aware of a new shipping hub project.

In a hard-hitting Facebook post, the royal stated that Dr Mahathir was “acting unconstitutionally” over the project, which would see the world’s largest ship-to-ship transfer hub being constructed in Johor Bahru’s port waters.

The crown prince noted that land and water matters are the state’s prerogative. He insisted that the royal family and the state government were not told of the project earlier.

“Whoever who says that Johor is aware is lying,” he said, without naming Dr Mahathir.

…

Leave a Comment » | oil and gas | Tagged: , , | Permalink
Posted by Wata

Terengganu received RM1b in oil royalty last year, says MB

May 17, 2019

Dateline 2019-04-03, Malay Mail:

Terengganu received RM1.053 billion in oil royalty payment from the federal government last year, Mentri Besar Dr Ahmad Samsuri Mokhtar told the State assembly today.

He said the payment was made in stages, with RM603 million made before the 14th general election, RM100 million on Aug 21, RM200 million on Oct 8 and RM150 million on Dec 12.

He was responding to an oral question from Bazlan Abdul Rahman (BN-Batu Rakit) on the petroleum and gas royalty given to Terengganu last year.

..

Leave a Comment » | oil and gas | Tagged: , | Permalink
Posted by Wata

PM: Johor govt aware of STS transfer hub project

May 16, 2019

Dateline 2019-04-03, Malaysia Reserve:

The Johor government is aware of the US$180 million (RM734.4 million) ship-to-ship (STS) transfer hub development in the waters of Johor, said Tun Dr Mahathir Mohamad.

The prime minister (PM) said Johor Mentri Besar Datuk Osman Sapian is aware of the project and the development planned in the waters of the state.

“He had mentioned about this when he met me yesterday. This project has been discussed over a long time…I thought everyone knows about it,” he said at the signing ceremony between KA Petra Sdn Bhd and Hutchison Port Holdings Ltd in Putrajaya yesterday.

Dr Mahathir was responding to claims by Gerakan Muafakat Johor that the Johor state government has no knowledge of the project.

…

Leave a Comment » | oil and gas | Tagged: , , | Permalink
Posted by Wata

Diving 2019-03 Morotai 2 of 8

May 15, 2019
OLYMPUS DIGITAL CAMERA
OLYMPUS DIGITAL CAMERA
OLYMPUS DIGITAL CAMERA
OLYMPUS DIGITAL CAMERA
OLYMPUS DIGITAL CAMERA
OLYMPUS DIGITAL CAMERA

Leave a Comment » | diving | Tagged: | Permalink
Posted by Wata

Balancing energy cost and sustainability

May 14, 2019

Dateline 2019-04-03, The Star:

There has been some discussion in the media recently on electricity tariff and how the downward movement of international coal and gas prices in recent months should be reflected in lower tariffs. This has been suggested by various bodies representing both domestic and non-domestic consumers.

Taking a step back, it is perhaps a good time to review the entire tariff setting process and how fuel prices affect this.

This brings us to imbalance cost pass through (ICPT) that has been adopted by many other countries to maintain stability in domestic markets and protect them from international volatility. Usually the adoption of an ICPT mechanism is the first step towards liberalisation of the utility market, as mentioned by industry observers.

…

 

 

 
Read more at https://www.thestar.com.my/news/nation/2019/04/03/balancing-energy-cost-and-sustainability/#BJCBUS9mRShCQtpV.99

 

Leave a Comment » | oil and gas | Permalink
Posted by Wata

Petronas to have Malaysia’s second floating LNG facility ready by Q1 2020

May 13, 2019

Dateline 2019-04-02, Reuters:

State-owned Petroliam Nasional Bhd, or Petronas, expects to have its second floating liquefied natural gas (LNG) facility in Malaysia ready by the first quarter of next year, its chief executive, Wan Zulkiflee, told the LNG2019 conference in Shanghai on Tuesday.

Malaysia had said in October last year that the facility would be operational by July 2020.

…

Leave a Comment » | oil and gas | Tagged: , | Permalink
Posted by Wata

Dr M: ‘Buy in Singapore’ if you want cheaper gas

May 12, 2019

Dateline 2019-04-02, Malay Mail:

Malaysia will not follow Singapore in cutting liquefied natural gas (LNG) prices, Prime Minister Tun Dr Mahathir Mohamad said today.

When asked about the republic’s move to lower prices in line with the commodity’s global decline, Dr Mahathir said LNG price was already low in Malaysia due to price support from the government.

“Singapore has reduced its prices? Then please buy in Singapore.

“We are already selling it at a subsidised price and it is very low — lower (prices) than even in the big oil-producing countries — what more can you ask?” he said in jest.

…

Leave a Comment » | oil and gas | Tagged: , | Permalink
Posted by Wata

Malaysia’s Petronas is Looking Near and Far for Gas and Oil

May 11, 2019

Dateline 2019-04-01, JPT:

As Malaysia’s largest company, chief revenue generator, and primary energy producer, Petronas has a keen interest to develop hydrocarbons wherever it can find them.

This means Petronas is looking within its home country, around Southeast Asia, and to the Americas in an effort to maintain its forecast average yearly production of 1.7 million BOE/D over the next 5 years. It is also exploring new partnerships with other global operators that offer regional and technical expertise.

Petronas, whose upstream portfolio consists primarily of natural gas, wants to both accelerate its exploitation of the hydrocarbon and add more oil to the mix.

Back home, the integrated company—the world’s third-largest LNG seller—continues to target domestic gas to leverage its control of the gas value chain all the way to its petrochemical and LNG liquefaction plants. Petronas’ LNG facilities include its 30-million tonnes/annum (mtpa) complex in Sarawak, and the world’s first floating LNG facility, the 1.2-mtpa PFLNG Satu. A second floating LNG facility is expected to be ready for sail away by 2020.

…

Leave a Comment » | oil and gas | Tagged: | Permalink
Posted by Wata

Nation’s first Micro LNG facility

May 10, 2019

Darn it, I missed the boat. Who’s Kudos?

Dateline 2019-03-29, Daily Express:

Malaysia’s first Micro Liquefied Natural Gas facility at Kota Kinabalu Industrial Park that was officially launched, Thursday, will not only spur the economy but provide job opportunities for Sabahans, said Chief Minister Datuk Seri Mohd Shafie Apdal.Some 99 per cent of the workforce comprises Sabahans, mainly engineers and technicians. Although micro in size with capacity of producing 35 metric tonnes daily or equivalent to 1.8 million standard cubic feet a day, it can meet the energy requirements of small and medium industries across the State.  Consumers would benefit from cleaner and cheaper fuel at a competitive price, which in turn translates to cost savings and reduce the cost of doing business in Sabah.

Kudos goes to Sabah Energy Corporation Sdn Bhd (SEC), a wholly owned company of the State Government, which reached this significant milestone, in collaboration with Zhangjiagang Furui Special Equipment Company limited, a multinational company from China.

…

Leave a Comment » | Chemical, oil and gas | Tagged: , , , | Permalink
Posted by Wata

« Previous Entries
Next Entries »