Nuclear power is our green future

November 25, 2018

For the record, I agree with the title.

Dateline 2018-11-02, NST:

NUCLEAR power was Malaysia’s last energy option during Tun Dr Mahathir Mohamad’s first tenure as prime minister. The policy was rescinded by his two successors, who studied nuclear as a possible part of our energy mix in the peninsula.

However, now that Dr Mahathir is back at the helm, nuclear power is again out of any energy policy consideration.

He declared during his address at the Conference of the Electric Power Supply Industry (Cepsi 2018) that Malaysia would instead explore full use of domestic coal reserves for baseload power generation.

His stand against nuclear power is not surprising. In a number of his blog posts, he lamented over disturbing experiences with radioactive materials called “amang” during the Asian Rare Earth Bukit Merah controversy.

He claimed that until today, scientists had failed to offer an acceptable solution to the radioactive waste conundrum.

Be it in office or out, he said that nuclear power should never be an option for Malaysia.

…

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

Oil rally sparking huge interest in Malaysia Oil and Gas

November 24, 2018

Dateline 2018-09-26, Marketpulse:

The rise in the price of crude oil to a four-year high of US$80 (RM331.20) a barrel has lifted over 20 oil and gas (O&G)-related stocks on Bursa Malaysia.

Bloomberg data shows five stocks have risen over 12% since Monday to the close of market yesterday as crude oil prices extended gains on prospects of tighter global supply availability, while 15 others rose between 1% and 10%.

The stock that has increased the most over the span of three trading days was Deleum Bhd which closed at RM1.14 yesterday, 16.92% higher than its close last Friday of 98 sen a share.

The company had recently secured three new contracts from Petronas Carigali Sdn Bhd, Sarawak Shell Bhd and Sabah Shell Petroleum Co Ltd for provision of integrated corrosion solution and oilfield services.

Deleum has a market value of RM461.29 million and its stock had returned 27% year-to-date, trading at 14 times its estimated earnings per share for the coming year.

…

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

Malaysia’s RAPID project receives first crude oil cargo

November 23, 2018

Dateline 2018-09-26, O&GJ:

The jointly held Saudi Aramco–Petronas $27-28-billion Pengerang Integrated Complex (PIC) in southeastern Johor, Malaysia, has received its first delivery of crude oil at Pengerang Deepwater Terminal 2, marking the transition into the commissioning phase for startup of the 300,000-b/d refinery and petrochemical integrated development (RAPID) project (OGJ Online, Mar. 29, 2018).

Pengerang Refining & Petrochemical (PRefChem)—an alliance of Petronas and Aramco that includes the two joint ventures Pengerang Refining Co. Sdn. Bhd. and Pengerang Petrochemical Co. Sdn. Bhd.—received a cargo of 2 million bbl of crude supplied by Petronas and Aramco on Sept. 24 that will be used for commissioning and testing activities at the refinery, which are scheduled to begin in October, Aramco said.

…

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

Volatile landscape amid rising oil prices: Petronas

November 22, 2018

Dateline 2018-09-25, NST:

Local oil, gas and energy players are urged to tread carefully and respond cautiously towards the uptrend seen in the crude oil prices, as volatility are expected to continue due to trade wars and geopolitical risks.

Petroliam Nasional Bhd (Petronas) president and chief executive officer Tan Sri Wan Zulkiflee Wan Ariffin said despite improving outlook, which saw a spike in Brent oil prices hitting the 4-year high at US$80 a barrel this morning, it is important to be mindful of the unpredictable industry landscape.

“Currently, the outlook for the oil and gas industry is also improving. Year-to-date Brent is at US$72 per barrel, a significant sharp increase from the average of US$54 per barrel in 2017 and the oil and gas sector here seems to be responding positively.
…

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

Diving Tenggol 2018-09 Pt 2 of 6

November 21, 2018
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

Sabah to emulate Sarawak in controlling oil and gas laws

November 20, 2018

Dateline 2018-09-10, FMT:

Sabah will look into bolstering laws involving exploration of oil and gas and mining activities in the state, following in the footsteps of its neighbour Sarawak which tightened controls over such matters in July.

Chief Minister Shafie Apdal said he would request the state attorney-general (AG) to look into the matter.

“We are looking into it but I was made to understand by the former AG that we do have that mineral enactment in Sabah. I will ask the (current) AG to look into the details, whether there’s any loopholes in that.

…

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

Aramco plans to ship first crude oil to Malaysia JV refinery in Oct

November 19, 2018

Did they ship?

Dateline 2018-09-04, Nasdaq:

Saudi Aramco plans to deliver the first crude oil cargo to its joint-refinery project with Petronas in Malaysia in October as the companies prepare for trial runs at the new plant, several sources with knowledge of the matter said on Tuesday.

The project, Refinery and Petrochemical Integrated Development (RAPID), is a $27 billion complex located between the Malacca Strait and the South China Sea, conduits for Middle East oil and gas bound for China, Japan and South Korea.

…

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

Hard work pays off for Petronas education sponsorship recipient

November 18, 2018

Dateline 2018-09-03, Borneo Post:

Nur Maisarah Kusdi, 18, a former SMK Tamparuli student, has always wanted to be an engineer — chemical engineer to be exact and has worked hard to achieve her dream.

“I love Chemistry and Physics. When I was offered the Petronas Education Sponsorship Programme (PESP) to pursue Chemical Engineering at Universiti Teknologi PETRONAS (UTP), I accepted it whole-heartedly although at that time I also had an offer from another institution,” she said.

…

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

Uzma names Abdullah Karim as chairman

November 17, 2018

Dateline 2018-09-03, The Edge:

Uzma Bhd has appointed its independent non-executive director Datuk Abdullah Karim as the group’s new independent chairman.

He replaces Datuk Seri Syed Ali Syed Abbas Alhabshee, who resigned after serving as independent chairman for over 10 years to pursue his personal interest.

Uzma said Abdullah is currently the chairman of the group’s nominating committee and member of the audit committee.

…

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

Petronas to provide input to attract O&G investments

November 16, 2018

Dateline 2018-09-03, The Malaysian Reserve:

Petroliam Nasional Bhd (Petronas) has given its commitment to provide the necessary input to all oil and gas (O&G) stakeholders, particularly on the expected higher oil royalty arrangement, to ensure that Malaysia remains an attractive destination for O&G investments.

Its president and group CEO Tan Sri Wan Zulkiflee Wan Ariffin (picture) said while Petronas is not privy to the discussions taking place between the federal and state governments on related issues, it will continue to provide its views on all possible scenarios.

“What’s important is to remember that we need to keep the O&G industry in Malaysia resilient and Malaysia as an attractive investment destination for foreign O&G companies,” Wan Zulkiflee told members of the press at Petronas’ Kuala Lumpur headquarters last Thursday. “We do not want the production sharing contractors (PSCs) to be impacted because we want Malaysia to still be an attractive investment destination.”

Petronas, as the national energy company, is responsible for the exploration, extraction, refining and marketing of Malaysia’s petroleum resources, which it undertakes via production sharing schemes. This involves the participation of other oil firms in the country’s O&G space, such as Royal Dutch Shell plc, Exxon Mobil Corp and Murphy Oil Corp.

…

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

« Previous Entries
Next Entries »