As the world faces energy crisis, Malaysia’s energy industry still manageable, says minister

December 7, 2021

I’ve been out circulation, when did this energy crunch start?

Dateline 2021-11-17, NST:

The world is facing an energy crisis where the demand for energy commodities exceeds supply and this is causing volatility in short-term pricing with global spot prices for natural gas reaching the highest level this year.

However, the impact of the energy crisis on Malaysia has not been alarming.

On October 5, 2021, in the Dewan Rakyat, Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed assured that Malaysia has managed its energy security despite the price increase in energy commodities, namely coal and liquefied natural gas (LNG). 


ExxonMobil and Petronas explore CCS for Malaysia

December 6, 2021

I guess, the reduce, reuse, recycle part, ain’t making profits for these gigacorporations, and reinject is?

Dateline 2021-11-15, The Chemical Engineer:

EXXONMOBIL and Petronas are working together to explore opportunities for carbon capture and storage projects in Malaysia.

The partners said through their memorandum of understanding they will assess the viability of carbon capture projects in locations offshore Peninuslar Malaysia and share subsurface technical and infrastructure for pipelines, facilities and wells as they evaluate potential projects for storing, transporting and reusing capture CO2.

Adif Zulkifi, Petronas Executive Vice President and Chief Executive Officer of Upstream, said: “This collaboration is an important step to unlock the opportunities and potential of CCS in Malaysia through applied technologies and innovation, potentially helping us reach our net zero carbon emissions aspirations amidst an evolving energy landscape.”


PTTEP’s drilling offshore Malaysia stokes China’s ire

December 3, 2021

Dateline 2021-11-15, Energy Voice:

China has again been contesting Malaysian oil and gas activity in the South China Sea. This time Beijing has been targeting Thai state-backed upstream player PTT Exploration & Production’s (BKK:PTTEP) upstream drilling operations offshore Sabah.

A Chinese survey ship, the Da Yang Hao, was sent to waters within Malaysia’s continental shelf to carry out its own survey. “The apparent trigger for its deployment were the activities of the West Capella, a drillship no stranger to oil and gas standoffs, contracted since July by Thailand’s PTTEP for drilling in the Siakap North Petai oil field in Malaysia’s Block K,” the Asia Maritime Transparency Initiative (AMTI) said in its latest report.


Anniversary – Bhopal Disaster

December 2, 2021

Chemical Engineers never forget.

Photos.


Cover Story: What went wrong at Sapura Energy

December 1, 2021

Umm, does that mean I won’t get those million dollar contracts this year? Hey, and 3 quarters of profits is 3 quarters more than me. Could I get some POs from you, dear reader?

Dateline 2021-11-11, The Edge:

SAPURA Energy Bhd is arguably the biggest Malaysian casualty of the meltdown in oil prices more than five years ago.

Despite oil prices having gained more than 60% year to date and Brent Crude breaching the US$85 per barrel band in late October, the company has not been faring well. In the last 10 quarters, it managed to muster only three quarters of profits, and for its second quarter ended July (2QFY2022), it suffered a net loss of RM1.52 billion from RM747.11 million in revenue. In the corresponding period a year ago, it chalked up net profits of RM23.74 million from RM1.22 billion in revenue.


16 Malaysian O&G companies to join Abu Dhabi fair

November 30, 2021

Been there, done that. Starved at expo, prices and lines high and long.

Dateline 2021-11-11, The Malaysian Reserve:

Sixteen Malaysian oil and gas (O&G) organisations will be participating in the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) 2021 trade fair in the United Arab Emirates from November 15 to 18, 2021.

They will be offering services such as the fabrication of oil and gas process equipment, engineering services, mechanical services, engineering solutions, explosion protection (Ex) compliance services, Health, Safety and Environment (HSE) solutions as well as pipeline inspection and cleaning services.

Since UAE is ranked in the Top 10 for global crude oil producers and contributes 30% of the gross domestic product (GDP), the Malaysian pavilion by the Malaysia External Trade Development Corporation (MATRADE) aims to attract visitors from the Middle East, North Africa (MENA) region.


Minister Defends Data After Malaysia Is Accused Of Underreporting Greenhouse Gas Emissions

November 29, 2021

MCU, Malaysian Cinematic Universe?

Dateline 2021-11-11, Says:

The allegation comes from an investigative piece by The Washington Post, which questions the validity of the reports submitted by countries to the United Nations to make their climate pledges.

According to the US publication, Malaysia’s submission to the United Nations Framework Convention on Climate Change (UNFCCC) “reads like a report from a parallel universe”.


The oil and gas industry is facing a talent crunch

November 26, 2021

Really? How about a pay crunch? Laissez-faire don’t seem to work

Dateline 2021-11-11, NST:

THE 2022 Budget strives to address a wide variety of issues as Malaysia rebuilds its economy and moves beyond Covid-19.

Employment and upskilling of the workforce continue to be one of the key priority areas from the previous budget, seeing as lockdown measures to curb the spread of Covid-19 have had a substantial impact on jobs and sources of income across all industries, in particular oil and gas services and equipment (OGSE).

The OGSE industry has been facing challenges since the global economy was hit by one of the largest oil price declines back in mid-2014.


Minister defends greenhouse gas emission after under-reporting charge

November 25, 2021

Dateline 2021-11-10, Malaysiakini:

Environment and Water Minister Tuan Ibrahim Tuan Man has defended Malaysia’s greenhouse gas emissions reporting mechanism after the country was accused of under-reporting to the UN.

This was in response to an investigative report by The Washington Post that said “skewed data” had enabled Malaysia to portray “73 percent” less emissions.


‘Done right, carbon tax can bring benefits’

November 24, 2021

I… think there’s a market here. Look at TheSpiffingBrit, https://youtu.be/F3M9-MxyCaQ “How @The Spiffing Brit broke the Kyoto Protocol”

Dateline 2021-11-09, The Edge:

THERE is probably never an appropriate time for a country to introduce carbon pricing or carbon tax but, if done right, it can bring benefits, experts say ahead of a key climate change conference that kicked off on Oct 31.

At the 26th UN Climate Change Conference (COP26), which will be held in Glasgow, Scotland, until Nov 12, nations around the world will be counted on to commit to new or tougher targets to help limit the rise in global temperatures to 1.5°C.

“There is probably never an appropriate time to introduce a new tax … but carbon pricing is important, and carbon tax is one way of doing that,” said HSBC’s global head of environmental, social and governance (ESG) research Wai-Shin Chan.