Anniversary – Exxon Valdez

March 24, 2020

EPMI engineers never forget.

Saudi says coronavirus impact on oil demand limited

March 23, 2020

One for the history books:

Dateline 2020-01-27, FMT:

Top oil exporter Saudi Arabia said on Monday that the impact of a deadly coronavirus epidemic on oil demand was “extremely limited” but that the kingdom was closely following events.

Oil prices plunged on Monday, with Brent crude dropping below US$60 a barrel for the first time in almost three months amid fears over the economic effects of the epidemic, which has killed over 80 people in China.

But the outbreak’s impact “on the global demand for oil is extremely limited,” Energy Minister Prince Abdulaziz bin Salman said in a statement cited by the SPA state news agency.

Petronas’ bid to recuse judicial commissioner in Sarawak suit fails

March 22, 2020

Dateline 2020-01-23, FMT:

Petronas today failed in its attempt to disqualify Judicial Commissioner Christopher Chin from hearing the case over Sarawak’s suit for unpaid state sales tax.

Petronas had earlier applied for Chin to discharge himself from hearing the case.

The national oil company claimed that Chin would decide the case to favour the prime minister as his tenure as a judicial commissioner was temporary and was subject to confirmation by the prime minister, who is also the person with ultimate control over Petronas.

Chin, however, said that during his nine months on the bench, he had never been instructed, hinted or urged by his “bosses” — the chief judge of Sabah and Sarawak, the chief justice, or any judge or person for that matter — on how he should decide any dispute.

Solar-powered barge a key ‘interceptor’ for plastic waste

March 21, 2020

Not renewable energy, but close enough. And we gotta shutdown the spigot, not catch the drops.

Dateline 2020-01-16, Energyworld:

Scooping waste from a Malaysian river to stop it reaching the sea, a solar-powered barge named the “Interceptor” is the latest weapon in a global battle to rid the world’s waters of plastic.

Trash is being dumped into seas and rivers in enormous quantities, polluting vital habitats, endangering a kaleidoscope of marine life and sullying once pristine tourist spots.

Some eight million tons of plastics enter the world’s oceans every year, from straws tossed into gutters to mismanaged waste from rapidly growing economies, according to US-based group Ocean Conservancy.

SapuraOMV and Partners’ First Production from SK408 Gas Fields

March 20, 2020

Dateline 2020-01-15, Energy Industry:

SapuraOMV Upstream announced first production following the start-up at the end of December, 2019 from its Larak gas field under the SK408 Production Sharing Contract (PSC), which was delivered within budget. The SK408 gas fields are part of discoveries made by SapuraOMV Upstream in a drilling campaign in 2014. The fields are tied back into an existing processing facility and gas is transported through existing pipelines for onward gas processing at PETRONAS LNG complex in Bintulu.

THHE active, rises 25% on getting Petronas licence

March 19, 2020

Dateline 2020-01-15, The Edge:

Shares in TH Heavy Engineering Bhd (THHE) rose 25% in active trade this morning after it received the green light from Petroliam Nasional Bhd (Petronas) to supply certain products and services to oil and gas companies in Malaysia, after a multi-year suspension due to non-performance in 2016.

At 9.11am, THHE was the most actively traded stock on Bursa Malaysia and rose 2.5 sen to 12.5 sen, for a market capitalisation of RM140.17 million.

SapuraOMV Achieves First Gas from Larak Field Offshore Malaysia

March 18, 2020

Dateline 2020-01-13, Rigzone (what happened to their paywall?):

SapuraOMV Upstream has achieved within budget first production from its Larak gas field offshore Malaysia under the SK408 Production Sharing Contract (PSC).

The SK408 gas fields are part of discoveries made by SapuraOMV in a drilling campaign in 2014. They are tied back to an existing processing facility and gas is transported through existing pipelines for onward gas processing at Petronas LNG complex in Bintulu.