Sustainability among key themes at largest regional O&G conference as industry prepares for energy transition

October 19, 2022

Dateline 2022-07-21, The Edge:

Sustainability, growth and future aspirations of the oil and gas (O&G) industry are expected to be the dominant themes this year when energy professionals from across the globe gather here for Southeast Asia’s largest merged O&G conference — the Oil & Gas Asia (OGA) X Malaysia Oil & Gas Services Exhibition and Conference (MOGSEC) 2022 — and the inaugural Petrochemicals Sustainability Conference (PSC) 2022, which will be held together from Sept 13-15 this year.

Announced on Thursday, the OGA X MOGSEC, together with the PSC 2022, is an all-inclusive event championed by three parties — The Malaysian Oil, Gas & Energy Services Council (MOGSC) , the Malaysian Petrochemicals Association (MPA) and Informa Markets Malaysia — to further reinforce Malaysia as the region’s O&G, energy and petrochemicals hub.

…

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

Masidi: State oil and gas industry to prioritise Sabahans

October 18, 2022

Dateline 2022-07-19, NST:

The oil and gas industry in Sabah will prioritise the people from the state in terms of employment, said state Finance Minister II Datuk Seri Masidi Manjun.

“As long as Sabah has skilled workers, they will be given priority. Since early last year, all non-Sabahan workers must apply for work permits.

“If there are skilled people in Sabah, we will recruit them,” he said in a question-and-answer session at the state assembly here.

…

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

Diver dies offshore Malaysia at Petronas FPSO

October 17, 2022

Why not a DOSH report? Something to hide? “Unnamed FPSO”, really?

Dateline 2022-07-12, Energy Voice:

A commercial diver has died while performing an adapter mating test on the hull of a floating production storage and offloading (FPSO) vessel offshore Malaysia, according to a HSE report from national oil company Petronas.

Petronas said the accident was part of the underwater hull repair project for an unnamed FPSO. The work was being carried out in water depths of five to six metres. The accident, which involved a second diver, happened on 5 July 2022.

…

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

Samsung wins $680m engineering deal for Shell gas plant in Malaysia

October 14, 2022

Dateline 2022-07-14, Energy Voice:

South Korea’s Samsung Engineering has won a $680 million engineering, procurement, construction and project management contract to build an onshore gas plant for Shell’s Rosmari Marjoram development in Sarawak, Malaysia.

Samsung said yesterday that the project will be executed in two phases; a limited scope prior to Shell obtaining a final investment decision (FID) for the Rosmari Marjoram project; with all of the remaining scope to be executed after Shell approves FID.

…

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

ConocoPhillips pushing ahead with Sarawak oil project

October 13, 2022

Dateline 2022-07-12, FMT:

US oil and gas producer ConocoPhillips is augmenting its operations in Malaysia with a new oil development off the coast of Sarawak.

A report on industry news portal upstreamonline.com, quoting sources, said ConocoPhillips is already preparing to meet providers of leased floating production, storage and off-loading (FPSO) vessels at its Salam-Patawali oil discoveries.

The market sources, based in Kuala Lumpur, said the US operator will be seeking an Aframax-size floater.

…

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

Bright outlook for Malaysian RE players

October 12, 2022

Dateline 2022-07-12, NST:

The prospects for renewable energy (RE) engineering, procurement, construction and commissioning (EPCC) contractors are good as the government strives to achieve the target of RE generation capacity to comprise 31 per cent of total electricity generation capacity by 2025.

Affin Hwang Capital analyst Loong Chee Wei noted that the government planned to roll out large scale solar phase 5 (LSS5) and was studying the possibility of allowing virtual power purchase agreements (PPAs).

…

Leave a Comment » | Renewable Energy | Permalink
Posted by Wata

Malaysia’s Petronas, Japan’s Mitsui partner on CCS

October 3, 2022

So, Malaysia made the news for the dumping of plastics in our beautiful country. Now the world wants to dump their CO2 in Malaysia?

Dateline 2022-06-30, Argus:

Malaysian state-owned refiner Petronas and Japan’s Mitsui have signed an initial agreement to carry out conceptual and feasibility studies on a carbon capture and storage (CCS) value chain, including the evaluation of CO2 storage sites in Malaysia.

The firms will evaluate potential CO2 storage sites offshore peninsular Malaysia under this agreement, which was signed earlier this month. But no further details or timelines were provided. The companies also aim to leverage their collective expertise to evaluate the development of a CCS value chain, which includes capturing CO2 from various sectors, CO2 transportation, and technological developments in direct air capture.

…

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

Asia Gas Hub, UTP pens MoU to collaborate on establishing digital gas marketplace

September 30, 2022

There’s a AGH? And whatthe heck is digital gas? Mine has always been analog.

Dateline 2022-06-28, Malay Mail:

Energy market solutions provider Asia Gas Hub (AGH) has collaborated with Universiti Teknologi Petronas (UTP) and signed a memorandum of understanding (MoU) to establish a digital marketplace.

In a statement today, AGH Chief Executive Officer Faris Mustaffa said that the MoU will be in force for a period of three years and the cooperation with UTP will enhance the development of the required systems for the Malaysian gas market to operate on a level equal to that of more mature markets, such as in the US or Europe.

…

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

Gov’t reiterates that fuel subsidy bill is projected to be RM30 bil for 2022, based on current global oil prices

September 30, 2022

Ah, so about 0.6 1MDB then (USD 4.5 billion)

Dateline 2022-06-24, Paultan.org:

The government has reiterated that the country’s fuel subsidy bill for 2022 is projected to rise to about RM30 billion, based on global oil prices being what they are at present. In May, that projection for 2022 was placed at RM28 billion, but this was then revised to RM30 billion earlier this month.

Economy minister Datuk Seri Mustapa Mohamed said this would be 170% higher than the RM11 billion spent on fuel subsidies last year. He said that the year-to-date Brent crude oil price currently stands at around US$106 per barrel, a discrepancy of US$40 against the federal Budget 2022’s assumption that the average crude oil price would be priced at US$66 per barrel.

…

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

Govt feels the heat as more switch to subsidised fuel

September 29, 2022

So, this targeted subsidy thing…

Dateline 2022-06-24, FMT:

Even those who can afford luxury cars are feeling the pinch of a rise in prices at the pump.

More than 90% of vehicle owners who regularly used RON97 petrol have switched to the cheaper RON95.

The trend is not expected to reverse anytime soon with costs of other essentials and food also rising.

Petrol Dealers Association Malaysia president Khairul Annuar Aziz said most petrol dealers were selling upwards of 2,000 litres of RON97 per month previously. “Now we are making do with just 200 litres,” he told FMT Business.

…

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

« Previous Entries
Next Entries »