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

DUBS to hold O&G Seminar and Exhibition

May 9, 2019

DUBStep, official dance?

Dateline 2019-03-28, Borneo Post:

The Sarawak Bumiputera Chamber of Entrepreneurs (DUBS) will hold the Sarawak Oil and Gas Seminar and Exhibition 2019 in collaboration with Suarah Petroleum Group (SPG) and the Malaysian Oil and Gas Services Council at Imperial Hotel here on April 13-14.

Co-organising chairman Hamim Yusuf said the seminar is supported by the Sarawak government, Petros, and Petronas.

“The main theme of the event is ‘Now or Never!’, with a tagline of ‘Sarawak – Able, Capable, Willing’,” Hamim said in a press release yesterday.

…

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

Diving 2019-03 Morotai 1 of 8

May 8, 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

IEM Shout Out – 2019-05 Talk on “HAZOP”

May 7, 2019

My technical division will be hosting a talk on the 11th May 2019. It is worth XX CPD points, and held at Wisma IEM. The talk will be presented by yours truly, so come and fill seats, especially since I am giving it during the fasting month.

A Hazard and Operability (HAZOP) study is a formal, systematic and detailed examination of new or existing facilities. It focusses on the process, rather than risks from ‘outside the pipe’, which are better analyzed using other studies such as HIREC/ HAZID/ HER. A HAZOP assesses the hazard potential, causes and consequences on a facility when there are deviations to the operating conditions, or the manner of operations. Existing safeguards need are reviewed to determine whether they can eliminate the cause or minimize the consequence.

Ir. Razmahwata has 20 years of experience in the oil and gas industry, in both design and operations. He joined ExxonMobil Exploration and Production Malaysia Inc shortly after graduation in 1995. In 1998, he was reassigned to EMEPMI’s operations department. His responsibility was to provide technical support to an offshore production facility. His tasks were varied, included troubleshooting day to day challenges, managing retrofit projects, and leading safety cases. He was made the Company’s custody metering engineer in 2001, charged with leading the exercise to ensure the Company compliance with industry and company specifications was enhanced. Whilst in Poyry, Ir. Razmahwata has been a Senior Process Engineer for SembCorp’s Betara project. He has HAZOP, HAZID and SIL workshop leadership experience on offshore facilities. He has recently worked on a secondment providing detailed design services to a tanker to FPSO conversion project in Singapore. He supported ExxonMobil in developing measurement manuals, and leading an exercise to validate 59,000 line items. He is currently the Lead Engineer of IGL Services Sdn Bhd.

Register here, or download the form here.

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

Murphy’s Exit: Good But Not Great

May 6, 2019

Dateline 2019-03-27, Seeking Alpha (Not Susan):

Murphy Oil Corp. (MUR) decided to exit Malaysia by selling its assets to PTT Exploration and Production (OTCPK:PEXNY) for $2.13B, which represents a full monetization of its 2P (Proved and Probable) reserves. Although the deal is positive because it materializes the firm’s geographic strategy to focus on US opportunities, we believe the true impact of the transaction in the long term will be determined by the way management will reinvest the money.

At stake are $750M, which MUR determined to be destined to fund potential acquisitions and fund both deep-water projects (probably Gulf of Mexico) and U.S. onshore opportunities (Eagle Ford).

At the moment, Norwegian Equinor (EQNR) and Pioneer Natural Resources (PXD) are marketing their respective acreage in the Eagle Ford, which could spark MUR’s interest considering the company’s plans on increasing activity at Karnes, Tilden, and Catarina.

…

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

Shout Out: 2019-09 APCChE 2019 Sapporo

May 5, 2019

IEM will be hosting Asian Pacific Confederation of Chemical Engineering Congress (APCChE) 2021. Therefore, I request that you support this year’s event (and obviously the 2021 one), as the flag handover ceremony will be attended by yours truly.

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

Local natural gas price cannot go in line with spot price: MGA

May 4, 2019

Dateline 2019-03-27, NST:

Malaysian Gas Association (MGA) says local natural gas price adjustments cannot go in line with fluctuating spot liquefied natural gas (LNG) prices.

This is because they are subject to long-term contracts with large industrial customers.

MGA said in Malaysia, the contracts offer them certainty in terms of managing their operations, with the natural gas price adjustments predicted beforehand.

It said the current global LNG prices are low as a result of a temporary imbalance in the supply-demand equilibrium.

“For now, Asian spot LNG prices have fallen because of oversupply given the new supply capacity in the United States and Australia, coupled by weakening demand owing to a milder-than-expected winter.

“Historically, such temporary imbalances are generally restored within a short time which will then increase the spot LNG prices,” it said in a statement.

…

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

Anniversary – Exxon Valdez

May 3, 2019

My apologies, I missed this year’s anniversary.

EPMI engineers never forget.

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

Shout Out – 2019-07 ICOSSE ’19

May 2, 2019

Here’s an event done in conjuction with IEM, from July 1-3. You don’t get CPD points, as far as I know. They are looking for sponsors, so dig deep, and send people and money their way. I don’t have any links with the organizer.

8th International Congress on Sustainability Science & Engineering. The 8th International Congress on Sustainability Science & Engineering serves as the international platform for innovation in sustainability science and engineering.

You can download the brochure here, and send an abstract here.

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

« Previous Entries
Next Entries »