Dateline 2019-07-12, The Edge:
Gas Malaysia Bhd will raise average natural gas base tariff for the non-power sector in Peninsular Malaysia to RM32.74 per million British thermal units (MMBtu) for the period of July 15 to Dec 31, 2019, from RM32.69 per MMBtu currently.
A surcharge of RM1.92/MMBtu will apply to all tariff categories under the gas cost pass-through (GCPT) mechanism, Gas Malaysia said in an exchange filing today.
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Posted by Wata
The title says it all. Send your booking NOW to the IEM.
Leave a Comment » | oil and gas | Tagged: CAFEO, IEM, Indonesia | Permalink
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Dateline 2019-07-11, NST:
The government is committed to fulfilling its promise in the Pakatan Harapan manifesto to raise Malaysia’s installed capacity of renewable energy from two per cent last year to 20 per cent by 2025.
“We are on track. Although some detractors say this renewable energy target in our country’s power mix may seem ambitious, I believe it is doable,” said Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin.
In making renewable energy financing more attractive, Yeo said the government had expanded the list of assets available for the Green Investment Tax Allowance from nine to 40 items.
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When will PETRONAS divest its hydrocarbon assets?
Dateline 2019-07-10, FMT:
Petroliam Nasional Bhd (Petronas) has taken steps to explore new growth areas beyond the conventional oil and gas sectors, says president and group CEO Wan Zulkiflee Wan Ariffin.
Wan Zulkiflee said against the backdrop of demand for more sustainable energy sources, Petronas is considering viable investments in renewable energy, namely in solar, wind and biomass projects on a commercial scale.
“To cater to the growing energy demand, the company has embarked on numerous energy investments anchored to its three-pronged strategy to develop an energy mix that effectively balances the energy trilemma of security, affordability and sustainability of energy supply,” he said at the World Economic Forum’s roundtable discussion on Malaysia’s energy landscape today.
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Dateline 2019-07-10, Business Wire:
Murphy Oil Corporation (MUR) (“Murphy”) announced its subsidiary closed the sale to divest the fully issued share capital of the entities primarily conducting Murphy’s operations in Malaysia to a subsidiary of PTT Exploration and Production Public Company Limited (“PTTEP”). The transaction was previously announced on March 21, 2019, with an effective economic valuation date of January 1, 2019. After closing adjustments, Murphy will receive proceeds of approximately US$2.035 billion, and expects to report a gain on the sale of approximately $1.0 billion. Murphy does not anticipate tax liabilities related to the transaction.
“We would like to congratulate PTTEP on the purchase of their new asset. As our talented and committed Malaysia team transitions to their new owner, I am confident they will diligently work to ensure continued success in the country. Also, I would like to thank our long-term partners PETRONAS, PETRONAS Carigali and Pertamina. They too have diligently worked to ensure our long-term success in the region,” stated Roger W. Jenkins, President and Chief Executive Officer.
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I would like the ‘IOT and digitalization for dummies in O&G – but not by vendors, by 2nd tier engineering houses’ talk
Dateline 2019-07-07, The Edge:
It has been an unquestionably turbulent decade for oil and gas (O&G), with startling price swings, changing government policy and shifting political landscapes in major producing nations. So how do operators react to an environment where volatility may be the only constant?
In Boston Consulting Group’s (BCG) recent report entitled “Going digital is hard for oil and gas companies — but the payoff is worth it”, we review the role of digitalisation. With the right tools and the right company culture, digital opportunity may unlock a more resilient future for O&G.
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Dateline 2019-07-04, Plastics Today:
Malaysia’s Petronas Chemicals Group (PCG) has signed a memorandum of understanding (MoU) with UK company Plastic Energy Ltd, a chemical recycling company, to collaborate in addressing plastic waste that cannot be recycled by conventional means in Malaysia. The strategic collaboration marks the first step towards a circular economy which maximizes the plastics value chain.
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I was honoured to present my thoughts at the Safety Teaching Workshop on 7th August 2019, hosted at IChemE Malaysia (you gotta sort out the AV cabling).
I don’t often make original content. The link to the presentation is here. Please provide comments, so I can make it better when I look at it in 6 months time.
Leave a Comment » | engineering, Malaysia | Tagged: IChemE | Permalink
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Dateline 2019-07-05, Malay Mail:
Chief Minister Datuk Patinggi Abang Johari Openg clarified today said that only the Sarawak state government can issue licences to oil and gas companies operating in its territorial waters.
“We have never given up the licensing right to Petronas. It is in the Malaysian Constitution. It is our right. How can we give up our right? It is just speculation,” he told reporters after handing over Petronas sponsorships for Sarawak students here today.
The chief minister was asked if it is true that the state government has given up its authority to issue licences to oil and gas companies to Petronas.
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You know, I have a fundamental issue when an NOC established for managing the nation’s hydrocarbon reserves uses its monopoly to enter the RE market
Dateline 2019-07-04, The Malaysian Reserve:
THE oil and gas (O&G) industry is undergoing a paradigm shift whereby consumers are not just asking for reliable and affordable, but sustainable energy as well.
This is the dilemma facing national oil companies (NOCs) like Petroliam Nasional Bhd (Petronas), who are tasked to meet the demands of a fast developing home economy and energy market, while falling in line with the global agenda to reduce carbon emissions and improve on energy mix.
The prospects for energy remain evergreen. Some 70% of the projected global population of over 9.8 billion in 2050 will be domiciled in Asia and Africa, and energy is set to play a key role in fuelling the growth and industrialisation of economies such as China, India and South-East Asia.
According to Petronas president and group CEO Tan Sri Wan Zulkiflee Wan Ariffin (picture), primary energy demand in Asia is expected to grow 2.5% per annum to reach 7.1 billion tonnes of oil equivalent in 2035.
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Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 