New partnerships as oil, gas majors forge ahead

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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‘Make safety equipment affordable ‘

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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Petronas starts naphtha cracking unit at new Pengerang oil refinery — sources

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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T7 Global to distribute Oliver Valves products in Malaysia

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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Kelantan MB: Federal govt will pay oil royalty

July 15, 2019

Dateline 2019-06-17, Malay Mail:

The Kelantan government is confident the federal government will pay the petroleum royalty to the state despite several postponements, said Mentri Besar Datuk Ahmad Yakob.

He said the Kelantan government would adopt the approach of waiting for the latest decision from the federal government after all procedures linked to the withdrawal of a oil royalty lawsuit against Petroliam Nasional Berhad (Petronas) was completed.

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Petrol dealers ‘in the dark’ over subsidy system

July 14, 2019

“We are nervous because some drivers may be eligible and some may not be for the subsidy.” Um, define subsidy much?

Dateline 2019-06-17, FMT:

With just two more weeks before a targeted fuel subsidy system is slated to begin, petrol dealers complain that they are in the dark and no one has briefed them on how the system will work.

Khairul Annuar Abdul Aziz, president of the Petrol Dealers’ Association Malaysia, said dealers do not have any details on the system, in which lower-income motorists will receive a subsidy on the cost of petrol.

“We are in the dark. We do not know how it will be implemented and neither has anyone briefed us. We are nervous because some drivers may be eligible and some may not be for the subsidy,” he told FMT.

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Guan Eng: With RAPID, Malaysia will be net exporter of fuel for first time in a decade

July 13, 2019

I wonder if there is a target per capita fuel usage cap.

Dateline 2019-06-18, Malay Mail:

The US$16 billion (RM66 billion) Refinery and Petrochemical Integrated Development (RAPID) project in Johor is set to begin operations somewhere in the fourth quarter of 2019, Finance Minister Lim Guan Eng said today.

He said the project would turn Malaysia into a net exporter of refined fuels for the first time since 2008.

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Biodiesel price must be controlled, says Kok

July 12, 2019

Deadline 2019-06-14, The Star:

The government has set up a committee – comprising four ministries – to come up with a mechanism to control the price of biodiesel containing 20% bio-content (B20) palm oil to boost domestic usage, says Primary Industries Minister Teresa Kok.

The committee will comprise of her ministry, Finance, International Trade and Industry ministries and the Prime Minister’s Department, she said, adding that the matter was discussed at the Cabinet meeting on Wednes­day.

Kok said there is a concern the price of palm biodiesel will increase if it is widely used.

“Therefore, we have to come up with a set of regulations after discussions with the related agencies,” she said after speaking at a seminar on Biodiesel (B7) implementation in the Industry Sector at a hotel here yesterday.

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Panel formed to stabilise CPO prices before B20 fuel rollout

July 11, 2019

Dateline 2019-06-13, FMT:

The federal government has formed a special joint committee to ensure that crude palm oil (CPO) prices will remain stable when Malaysia introduces B20 biodiesel fuel next year.

The joint committee is headed by the primary industries ministry and consists of the finance and international trade and industry ministries and the Prime Minister’s Department.

B20 biodiesel fuel is a blend of 20% palm methyl ester and 80% petroleum diesel.

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Many Sabahan O&G firms in ‘limbo’ – Upko Youth

July 10, 2019

Why? Isn’t Repsol and Hibiscus slinking round there? And there are newcomers everywhere, thank you.

Dateline 2019-06-13, Borneo Post Online:

Petronas has been urged to help Sabah oil and gas (O&G) contractors to grow as they are newcomers, thus unable to compete with other more established companies from Peninsular Malaysia and Sarawak.

Upko Youth chief Felix Saang said that Sabahan oil and gas players are new in the industry compared to their counterparts in the peninsula and Sarawak, thus they need to be given priority until they grow ‘big’ enough to compete on a level playing field.

Speaking to reporters after attending central Upko Youth Exco meeting here recently, he said he was informed many Sabahan oil and gas contractors were in limbo now as they were trapped in a difficult situation whereby they need experience and size before being able to bid for contracts while at the same time, they need contracts in order to gain experience and grow big.

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