PetChem’s chieftain Sazali to head Petronas downstream division, sources say

March 1, 2022

Dateline 2021-12-21, The Edge:

Petronas Chemicals Group Bhd (PetChem) managing director-cum-chief executive officer (CEO) Datuk Sazali Hamzah is set to be appointed as Petroliam Nasional Bhd’s (Petronas) executive vice president and CEO of Downstream business, sources told The Edge.

Sazali, 55, will take over the position from Datuk Md Arif Mahmood, who will be retiring from the national oil firm on Jan 1, 2022 after 37 years of service.

Sazali will relinquish his post as the managing director of PetChem by the same date, a role which he has served since May 2014.

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Malaysia’s Petronas awards six upstream exploration blocks

February 28, 2022

Dateline 2021-12-22, Energy Voice:

Malaysia’s Petronas has awarded six of the 13 offshore exploration blocks offered in the recently concluded Malaysia Bid Round (MBR) 2021.

The six blocks, awarded to both existing and new players, are Blocks SB412, 2W, X, SK427, SK439 and SK440. These awards are subject to the signing of the production sharing contracts (PSCs) between the relevant parties by the first quarter of 2022, Petronas said today.

The MBR 2021 themed “Grow Your Energy Portfolio With Us” was virtually launched on 26 February 2021, with over 250 potential and existing investors streaming live from North America, Europe and Asia Pacific.

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Malaysia’s Petronas says COVID-19 variants to keep oil demand uncertain

February 27, 2022

What are we recovering from? Are we O&G supplicants hoping that the world will continue consuming carbon based fuels like there is no Kyoto Protocol?

Dateline 2021-12-28, Reuters:

Malaysia’s state energy firm Petronas said on Tuesday that it anticipates recovery in oil demand from the impact of the coronavirus pandemic to remain fragile and uncertain in the next few years.

The industry was optimistic about economic recovery but remained cautious and needed to be ready to face oil price volatility, Petronas said in its activity outlook report for 2022-2024.

“The path towards sustained oil demand recovery remains fragile and uncertain due to the emergence of new COVID-19 variants that trigger fresh waves of lockdowns,” the custodian of Malaysia’s petroleum resources said.

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PETRONAS spearheads ESG journey in Malaysia

February 26, 2022

Dateline 2021-12-27, The Edge:

Globally, PETRONAS’ leadership takes progressive steps to position the organisation forward in the environmental, social and governance (ESG) and sustainability fronts. These have become the key considerations in business investment and portfolio decisions alongside cash flows and profitability.

Where many corporations are still formulating their paths ahead in this regard, Malaysia’s only Fortune 500 company, Petroliam Nasional Berhad has announced its aspiration to achieve Net Zero Carbon Emissions by 2050 (NZCE 2050) in November 2020.

It certainly speaks volume for the national energy company to announce this aspiration, due to its nature of business in the oil and gas (O&G), one of the hard-to-abate sectors — which, to the unawares, is typically seen as a huge challenge in the journey towards environmental sustainability.

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Storm delays Petronas’ MRU work at Pegaga gas field

February 25, 2022

Dateline 2021-12-21, Argus Media:

Malaysia’s state-owned Petronas has delayed the installation of an interim mercury removal unit (MRU) at the Pegaga gas field offshore Sarawak to 21 December because of stormy weather, according to some term offtakers of the 30mn t/yr Bintulu liquefaction and export project.

But Petronas is still targeting a 20 January start to gas production at the Pegaga field, unchanged from expectations last week, the offtakers said. The Pegaga field will supply feedstock gas to the Bintulu plant.

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Petronas expedites new gas fields, Sabah-Sarawak Gas Pipeline to restart in H2 2022

February 24, 2022

Dateline 2021-12-17, S&P Global:

has anyone heard of ASCOPE? Does it impact your operations?

Malaysia’s Petronas expects the Sabah-Sarawak Gas Pipeline to resume operations in the second half of 2022 and first gas from the key Pegaga project by the first quarter of 2022, a spokesperson for the national oil company said in response to queries.

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Random Promo – Loving Reaper

February 23, 2022

Disclaimer – I have no financial interest, I am a Patreon backer of the author, Jenny Jinya.

Have a look at her work at Loving Reaper, and see if it doesn’t tug your heartstrings if you have any joy in pets and animals. Buy her hardcopy compilation.

Each thing have their own priority, when you reach animals and have the means, please manage pet breeding, support trap, neuter and release programs and your local animal shelter.

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Malaysia’s Pegaga field may start gas output in January

February 22, 2022

Dateline 2021-12-16, Argus Media:

Malaysia’s state-owned Petronas may be targeting a 20 January start to production at its Pegaga gas field offshore Sarawak, after the detection of high mercury levels at the field in September delayed the start to operations.

Petronas has set up an interim mercury unit (MRU) at the Pegaga field and will likely start commissioning the unit on 16 December, it told some term offtakers of the 30mn t/yr Bintulu plant early this week. This is in advance of earlier expectations that the MRU would be fixed in the middle of January. The Pegaga gas field supplies feedstock gas to the Bintulu liquefaction and export project.

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Petronas Dagangan partners with PETROS for liquefied petroleum gas business in Sarawak

February 21, 2022

Dateline 2021-12-13, The Edge:

Petronas Dagangan Bhd (PDB) has signed a heads of agreement with Petroleum Sarawak Bhd (PETROS) to mark the strategic partnership between the two parties in the liquefied petroleum gas (LPG) business in Sarawak.

The partnership includes the divestment of PDB’s LPG business in Sarawak to PetrosNiaga Sdn Bhd (PNiaga), a fully-owned subsidiary of PETROS, and a subscription of shares in PNiaga by PDB.

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Malaysia’s Petronas faces gas test in move to net zero

February 20, 2022

Dateline 2021-12-27, Argus Media:

Malaysia’s state-owned Petronas’ decision about how to move forward with its gas supplies after announcing a 2050 net-zero target has been complicated by current high spot LNG prices.

The firm’s net-zero plan includes hydrogen as a crucial step. It said blue hydrogen offers a way to monetise the 1.5 trillion m³ of shale gas reserves it owns as part of a joint venture in Canada. But current “spectacular” LNG prices are complicating the picture. “There’s this energy transition going on… but now LNG is looking beautiful. The price is spectacular,” Petronas’ hydrogen business head Adlan Ahmad said.

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