POSCO, Malaysia’s Petros to join forces on carbon capture business

February 17, 2023

Dateline 2022-12-12, The Korea Economic Daily:

POSCO Holdings Inc., the holding company of South Korea’s top steelmaker POSCO, said on Monday it has joined forces with Malaysia’s energy firm Petroleum Sarawak Bhd to push ahead with a carbon capture and storage project in Sarawak, Malaysia.

POSCO International Corp., POSCO Engineering & Construction Co. and Petroleum Sarawak, more commonly known as Petros, have signed a memorandum of understanding on the CCS project, according to the Korean company.

…

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

Petronas, JX Nippon to collaborate on proposal to develop gas fields off Malaysia

February 16, 2023

Dateline 2022-12-12, Reuters:

Malaysia’s state energy firm Petronas said on Monday it would work with JX Nippon Oil & Gas Exploration Corp on a joint proposal to monetise gas potential in the Bujang, Inas, Guling, Sepat and Tujoh (BIGST) fields located off the shores of peninsular Malaysia.

The BIGST fields are located off Kerteh, Terengganu in eastern Malaysia, Petronas said.

Carbon capture and storage (CCS) technology will be key to monetising the fields as they contain high carbon dioxide, Petronas said, adding that it will be the first CCS project in Peninsular Malaysia.

…

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

‘Significant’ new oil & gas discovery offshore Malaysia

February 15, 2023

Dateline 2022-12-07, Offshore Energy:

Petronas Carigali (PCSB), a wholly-owned subsidiary of Malaysia’s state-owned energy giant Petronas, has made a new oil and gas discovery in Block SK 306, offshore Malaysia.

Petronas announced this oil and gas discovery at the Nahara-1 well in Block SK 306 on Wednesday and explained that PCSB is the operator of the block, with 100 per cent participating interest in its Production Sharing Contract (PSC).

…

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

Large-scale hydropower in Sarawak ‘unsustainable and unnecessary’

February 14, 2023

Dateline 2022-12-05, FMT:

Large-scale hydropower cannot be considered a source of renewable energy for Sarawak because of its destructive impact on the environment and on indigenous communities, says Sarawak-based civil society group SAVE Rivers.

It said this in response to statements by Sarawak Energy Bhd (SEB) vice-president Ting Ching Zung during a panel discussion at the Go ESG ASEAN 2022 Conference on Nov 24.

“We are worried to hear that SEB is promoting mega dams again,” says James Nyurang of Tanjung Tepalit, Baram, one of the communities that would have been inundated by the now-shelved Baram dam.

…

Leave a Comment » | Renewable Energy | Tagged: , | Permalink
Posted by Wata

Speed up implementation of targeted fuel subsidy: CAP

February 13, 2023

Dateline 2022-12-02, NST:

GEORGE TOWN: The Consumers’ Association of Penang (CAP) has welcomed the government’s announcement of a plan to implement targeted fuel subsidies for those in the Below 40 (B40) group.

CAP president Mohideen Abdul Kader urged the government to speed up the implementation because the war in Ukraine is not likely to end soon.

He said contrary to what some consumers may think, the subsidy came from taxpayers.

“It is, therefore, not advantageous to Malaysia or the people.

…

Leave a Comment » | Malaysian election | Tagged: , | Permalink
Posted by Wata

Decarbonisation of Malaysia’s power sector cheaper than ‘business as usual’: industry watchers

February 10, 2023

Solyent Green is another way to decarbo.

Dateline 2022-11-30, Eco-Business:

Malaysia could save as much as US$250 billion on its cumulative energy system if it aligned its decarbonisation efforts with a 1.5 degrees Celsius scenario, making for a “compelling cost argument”, according to International Renewable Energy Agency (IRENA).

“[Malaysia’s switch to renewable energy] is actually less costly than business as usual, and that is largely a result of the competitiveness of renewable energy technology,” said IRENA’s programme officer Nicholas Wagner at a panel session at Malaysia’s COP27 pavilion in Sharm El-Sheikh, Egypt recently.

…

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

Petronas Carigali green lights Malaysia’s giant offshore CCS project

February 9, 2023

Why not reduce at the source? Because you can’t make a profit.

Dateline 2022-11-29, Upstream:

Malaysia’s national upstream company Petronas Carigali has taken the final investment decision on its Kasawari carbon capture and storage (CCS) — Kasawari phase two — development offshore Sarawak, East Malaysia.

The CCS project, located in Block SK 316 about 200 kilometres offshore Bintulu, is expected to reduce carbon dioxide volumes emitted via flaring by 3.3 million tonnes of CO2 equivalent annually, making it one of the largest offshore CCS projects in the world.

Petronas Carigali’s chief executive Hasliza Othman said: “The FID marks a crucial stage in the progress of CCS solutions.

“This project is expected to become the catalyst in achieving end-to-end CCS capability development within Petronas and the first step in unlocking Malaysia’s potential as a regional CCS solutions hub.”

…

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

PETRONAS Strengthens Methane Emissions Management, Boosts Decarbonisation Efforts via New Alliances at COP27

February 8, 2023

Dateline 2022-11-11, PETRONAS:

PETRONAS has announced its signatory membership to the United Nations Environment Programme (UNEP)’s Oil and Gas Methane Partnership 2.0 (OGMP2.0), as well as the International Renewable Energy Agency’s (IRENA) global Alliance for Industry Decarbonisation at the ongoing UN Climate Change Conference COP27 in Sharm El Sheikh, Egypt.

These memberships signify the Company’s efforts for greater transparency and drive towards decarbonisation and scaling up of cleaner energy solutions aligned with the Group’s aspiration to achieve Net Zero Carbon Emissions by 2050 (NZCE 2050) to meet the goals of the Paris Agreement.

…


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

Malaysia’s Petronas reports fire at SSGP pipeline

February 7, 2023

Dateline 2023-11-17, AsiaOne:

Malaysian state energy company Petronas reported a fire at the Sabah-Sarawak Gas Pipeline (SSGP) near Lawas on Wednesday (Nov 16) afternoon, which the Borneo Post online said led to an explosion that killed one person and injured two others.

Petronas could not immediately be reached to comment on the reported fatality and injuries.

The incident is believed to have involved a third-party contractor performing work unrelated to pipeline operations, and a police report has been lodged, Petronas said in a statement.

…

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

Sarawak aspires to be in the lead in renewable energy

February 6, 2023

Dateline 2023-11-04, Borneo Post:

Sarawak wants to be in the lead for renewable energy in Asia and maintains at least 60 per cent renewable energy capacity mix by 2030.

Deputy Minister for Energy and Environmental Sustainability Dr Hazland Abang Hipni said Sarawak’s desire to achieve 600,000 tonnes of carbon emission reduction through mobility electrification could be achieved with the cooperation of all relevant parties.

…

Leave a Comment » | Renewable Energy | Tagged: , | Permalink
Posted by Wata

« Previous Entries
Next Entries »