Be firm with Petronas on Sarawak’s share, Abang Johari urged

May 18, 2017

Dateline 2017-04-13, FMT:

Chief Minister Abang Johari Openg should be firm with Petronas that it must consult Sarawak when deciding on its onshore and offshore blocks of oil and gas, Batu Lintang assemblyman See Chee How said.

See, the state PKR vice chairman, also urged the state government to consider investing in and taking ownership of the development of the petroleum resources within Sarawak’s territorial boundary.

The Borneo Post quoted See as saying it was unacceptable for Petronas to continue ignoring Sarawak’s assertion of rights to resources within the state’s territorial boundary.

“I am seriously contemplating to move a private member’s motion on this matter at the coming Sarawak State Assembly sitting scheduled from May 11 to 22, and I am hopeful that my fellow ADUNs (state assemblypersons) will be supportive of it, to take another important step towards fulfilling Tan Sri Adenan Satem’s, and all Sarawakians’, aspiration that Sarawak’s inherent sovereign and autonomous powers be respected by the Federation.”

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Marketing Rounds – Kerteh 2017-04

May 17, 2017

As part of marketing rounds, we went a bit further north to Dungun, to sample the food there. Unfortunately, no foodie pictures, but here’s a sight for you.

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UPDATE1-Petronas seeks buyers for $1 bln offshore gas project stake

May 16, 2017

Dateline 2017-04-10, Nasdaq:

Malaysia’s Petronas has pitched an estimated $1 billion stake in a prized upstream local gas project to potential bidders including Royal Dutch Shell <RDSa.L>, ExxonMobil Corp <XOM.N>, Thailand’sPTT Exploration and Production <PTTEP.BK> and Japanese firms, sources familiar with the matter said.

If successful, the deal could mark Petronas’ biggest upstream stake sale since oil prices started declining more than two years ago. Petronas is targeting lowering operating expenses, job cuts and project rollbacks to help it navigate through the low oil price environment.

Citing sources, Reuters reported in February that Petronas was considering selling a stake of as much as 49 percent in the SK316 offshore gas block in Malaysia’sSarawak state.

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Saturday Star 2017-05-13 – Job Opportunities

May 15, 2017

Happy Prepare for Ramadhan week. IGL has pivoted into training, so book your seats now.

We’re thinking of republishing Young Turks of PETRONAS, but it’s a minimum 500 book printing run. Do I have enough interested persons to purchase?

Donate to your favorite charity (me), buy my recommendations, or through my Amazon store. Or get the Young Turks series (3 books until I can get YTP republished). Where are those corporate sponsors? Or throw donations at me, my camera dive case flooded, and I need a new replacement. Heck, if you want to send me a Canon 5D Mk III plus dive case, I will not say no.

  • I have a feeling that The Star isn’t the preferred O&G job recruitment portal now. I see more adverts via social media. What do you think, is it a step change that the papers need to embrace?
  • I’m looking for jobs for 3Q2017. Send me your POs.

Food choice of the week? The nostalgic food stall, near your parents home. McD Bangsar Baru does not count.

Seeing that Joe Dever has passed away, you may want to revisit his books:

Flight from the Dark (Lone Wolf, Book 1), Legends of Lone Wolf Omnibus 1, War of the Wizards (The World of Lone Wolf, Book 4)

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2 Malaysians Get Russian Government Scholarship To Study Nuclear Power

May 14, 2017

I am not one of those persons, eh comrade? And I miss that the Aeroflot office was above the Suruhanjaya Pilihanraya offices.

Dateline 2017-04-04, MalaysianDigest:

The Russian government through its embassy here has offered a full scholarship to two Malaysian students to further their studies in nuclear power engineering.

Russian Centre of Science and Culture assistant director, Alena Belozertseva said the gesture would promote exchange of knowledge between Malaysia and Russia.

“We have been receiving some 600 Malaysian students yearly, particularly in medicine and engineering,” she told Bernama at the 50th anniversary celebration of diplomatic relations between the two countries.

Currently, 11 scholarship slots are offered by the Russian Government, of which two have been allocated for the Bachelor’s Degree in Nuclear Power Engineering.

Meanwhile, Russian Ambassador to Malaysia, Valery Yermolov hoped that direct flights between Moscow and Kuala Lumpur would materialise soon.

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Petronas Loads First-Ever LNG Cargo From Floating Facility

May 13, 2017

Dateline 2017-04-03, OilPrice:

Malaysia’s state oil and gas company Petronas announced the loading of the first liquefied natural gas cargo from a floating production facility over the weekend. The facility is located off the eastern coast of Malaysia and the cargo is bound for a client in South Asia, most probably South Korea, according to media.

Reuters reported late last week that the loading of the 144,000-cu-m Seri Camellia tanker had started at the Petronas Floating LNG Satu.

The Satu facility is estimated to have cost Petronas $10 billion, going into operation last year. Thanks to the floating facility, the Malaysian company beat other energy majors such as Shell and Japan’s Inpex, which are also working on floating LNG production projects.

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Malaysia’s energy industry sees a stronger 2017

May 12, 2017

Dateline 2017-04-31, Oxford Business Group:

Petronas is pushing ahead with development of a large-scale refinery and petrochemicals plant in the southern state of Johor, with support from Saudi Arabia guaranteed as of last month.

In late January Petronas confirmed it would complete its Refinery and Petrochemical Integrated Development (RAPID) project on schedule, with production to commence in 2019. When fully on-line, the complex will have the capacity to process 300,000 bpd and up to 7.7m tonnes of petrochemicals annually.

Following the announcement, oil giant Saudi Aramco announced at the end of February that it would invest $7bn in the RAPID project out of a total investment of $16bn. This put to rest concerns that the programme would be scaled back or delayed, amid reports in January that the Saudi company had stepped away from forming a partnership with Petronas.

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Public understanding vital before embarking on nuclear power programme

May 11, 2017

Dateline 2017-04-30, Astro Awani:

While the International Atomic Energy Agency (IAEA) has certified Malaysia’s readiness to “make an informed decision” on introducing nuclear power, there remains a question mark over whether the public is ready to embrace this particular alternative energy source.

Many are haunted by the disaster that struck the Fukushima Daiichi nuclear plant in Japan in March 2011 following a massive earthquake and tsunami, as well as the Chernobyl nuclear power plant in Ukraine where an accident in 1986 caused radiation-related fatalities.

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IGL – Directors’ Presentation Series 2017-03 – FDP

May 10, 2017

Ir. Abdul Razak Yakob presented a talk on Field Development Plans (FDP)at IGL offices. Friends and associates were invited to turn up. A whole from East101 was there.

Where you at?

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Aramco JV was well thought out, says Petronas

May 9, 2017

Dateline 2017-04-27, Malay Mail:

The joint venture with Aramco for the Refinery and Petrochemical Integrated Development (RAPID) was not done overnight but had been looked at since 2014, said Petronas group executive vice-president Md Arif Mahmood.

Arif said the Malaysian unit was “never forced into the joint venture” and had always been eyeing a partner like Aramco.

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