Talks on gas resource rights between Petroliam Nasional Bhd and Petroleum Sarawak Bhd (Petros) should be conducted meticulously, former economy minister Rafizi Ramli said.
Rafizi said any oversight in the negotiations could have serious repercussions on the overall economy.
He said if Sarawak’s claims to gas resources are accepted without considering the existing overall financial structure, Petronas risks losing between RM15 billion and RM20 billion annually.
Malaysia’s Dialog Group Berhad has announced a $330 million expansion of its deepwater terminal in Pengerang, Johor, to provide dedicated storage and handling infrastructure for sustainable aviation fuel and other renewable fuels, marking a significant step in the country’s energy transition strategy.
The investment announced by company in a statement July 30 will be undertaken through Dialog’s 25%-owned joint venture Pengerang Terminals, which signed a 25-year take-or-pay terminal usage agreement with Pengerang Biorefinery.
The project will add about 272,000 cu m of new storage capacity and is slated for completion in the first half of 2028. It will be funded through a mix of internal resources and external financing.
Salam and good day. My mother helps out at Rumah Seri Kenangan Cheras which has long term golden years residents and is looking for support and donations for this year’s iftar program . You gave generously last year, so please give again this year. I didn’t publish iftar photos as it is their home, but please drop by if you wish with your financial donations. Daily iftar budget is RM4,200 @ rm 20 per person 210 residents and 30 staff.
To quell your pangs of regret, please fill my quota at IEM Annual Dinner, July 15th at One World, by registering here. Look, I even wrote a blurb for you (with some help from ChatGPT):
Well hello there, my dear friend!
It’s time to celebrate, IEM’s annual dinner is around the bend! On the fifteenth of July, at the One World Hotel, We’ll gather ’round and party, with the engineering cartel!
From every discipline and trade, we’ll come together in glee, To champion and fete technical services, for all to see! So won’t you please consider, purchasing a gold table at our feast? Your support would be greatly appreciated, to say the least!
With joy and gratitude, our team will follow up with you, To make sure your experience is top-notch, through and through! So don’t hesitate to respond, and let us know you’re on board, We can’t wait to see you there, and party with you, oh my word!
Thank you for considering our request, and we hope to hear from you soon, Let’s make this annual dinner a night to remember, until next June!
PTT Exploration and Production Public Company Limited (PTTEP) joins PETRONAS Carigali Sdn. Bhd. (PCSB) and Petroleum Sarawak Exploration & Production Sdn. Bhd. (PSEP) as a partner in offshore exploration Block SK325. The investment further expands PTTEP’s growth opportunity in Malaysia while strengthening relationship with business partners.
PTTEP Chief Executive Officer, Mr. Montri Rawanchaikul, revealed that PTTEP Sarawak Oil Limited (PTTEP SKO), a subsidiary of PTTEP, along with PCSB and PSEP have signed a Production Sharing Contract (PSC) with Petroliam Nasional Berhad (PETRONAS) for the offshore exploration Block SK325 which was offered under the Malaysia Bid Round (MBR) 2022. MBR is an annual licensing round organized by Malaysia Petroleum Management (MPM), PETRONAS as the custodian of petroleum resources in Malaysia
Inpex 1605.T, Japan’s top exploration and production company, has secured new production sharing agreements with Malaysian companies Petronas and Petroleum Sarawak Berhad (Petros) located offshore of the state of Sarawak, Inpex said on Wednesday.
Companies from Japan, a resource-poor nation, are trying to expand their presence in global fossil fuel projects, from oil to liquefied natural gas, and are also developing renewable energy, including at home, to diversify energy sources.
Japan’s exploration and production company Inpex has signed a joint collaboration agreement with Malaysian oil and gas exploration firm Petroleum Sarawak Berhad (Petros) for the potential development of a carbon capture and storage (CCS) project in Sarawak, Malaysia.
The CCS project will target CO2 emitted from gas fields with high concentrations of CO2, petrochemical industries, power plants, manufacturing industries and other sources in Sarawak.
Longboat Energy, an oil and gas company so far mostly focused on offshore oil and gas operations offshore Norway, is expanding internationally with the recent award of an offshore exploration block in Malaysia.
Longboat said Wednesday it had won a Production Sharing Contract (“PSC”) for Block 2A, a large exploration block offshore Sarawak, Malaysia, “with material gas resource potential.”
Malaysia’s probable and proven reserves of petroleum, which is indicated as its 2P reserves, totalled 6.9 billion barrels of oil equivalent (boe), of which 4.2 billion boe are in Sarawak, followed by 1.3 billion boe in Sabah.
Generally, 2P reserves have a more than 50% chance of being technically and economically possible to be produced.
The country’s petroleum reserves could last 15 years based on the reserves life index calculation, according to Minister in the Prime Minister’s Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said.
Posted by Wata 
Wata - Malaysian Oil and Gas Engineer 