Court affirms fine against Petronas Carigali over unsafe work system

April 3, 2022

Dateline 2022-02-15, FMT:

The Court of Appeal today affirmed a RM50,000 fine imposed on Petronas Carigali Sdn Bhd for failing to secure a safe work system which had caused the death of a worker in Kemaman eight years ago.

A three-member bench chaired by Hanipah Farikullah said there was no appealable error by the High Court, which confirmed the decision of the sessions court.

She said the company did not comply with its own internal guidelines and failed to ensure a contractor complied with the job method statement.

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Posted by Wata

My Say: Structural barriers in O&G sector’s path to sustainability

April 2, 2022

I would have said the prognosis is a death knell for Malaysia, but hey.

Dateline 2022-02-13, The Edge:

The once-in-a-century heavy rainfall in December and ensuing floods that hit Malaysia should make us wonder about the floods that have occurred in the last few decades. With more extreme weather swings being predicted, how much worse will the floods be in the future?

The prognosis is not good. Based on the assessment of the United Nations Intergovernmental Panel on Climate Change (IPCC), a 1°C temperature rise can cause an increase of 7% rainfall in Malaysia in the coming decades. The World Bank’s climate risk country profile also foresees more frequent floods in Malaysia, owing to climate change attributed to global warming. Climate change is at our doorstep.

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Posted by Wata

Petronas opens more blocks for E&P offshore Malaysia

April 1, 2022

Dateline 2022-02-11, Offshore:

 Petronas is offering offshore areas in prolific geological provinces under the Malaysia Bid Round (MBR) 2022.

The offer comprises 14 exploration blocks, six clusters of discovered resource opportunities (DROs), and one cluster of late life assets (LLA).

All the 14 exploration blocks are in the Malay, Sabah and Sarawak basins, and most of them contain oil and/or gas discoveries.

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Posted by Wata

Petronas plans clean energy business unit in global shuffle

March 31, 2022

Dateline 2022-02-11, Energy Voice:

Malaysia’s national oil company Petronas is setting up a business unit focusing on clean energy solutions as part of a global operational shuffle.

Petronas chief executive Tengku Muhammad Taufik announced the changes in a two-hour long internal townhall on Tuesday, according to recording of the meeting reviewed by Bloomberg. He said the launch of the clean energy solutions business is aimed for as early as the middle of this year. Petronas is also divesting assets in Myanmar, Chad and Azerbaijan, according to the people.

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Posted by Wata

Random Promo – Loving Reaper

March 30, 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.

https://www.instagram.com/p/B6lKO65KCOQ/

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Posted by Wata

Speak up on Kelantan oil royalties, Zaid tells MB, ministers

March 29, 2022

Dateline 2022-02-08, FMT:

Former law minister Zaid Ibrahim has called upon Kelantan menteri besar Ahmad Yakob and ministers to speak up on the issue of the oil royalty claim.

He said these oil royalties were needed to develop the state.

“I have raised this issue many times. The menteri besar and Cabinet ministers from Kelantan, from both PAS and Umno, should speak up on the oil royalty issue, but everyone remains silent about it.

“We also need to question why the respective party leaders in Putrajaya do not say anything about this,” Zaid said in a video posted on Facebook.

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Posted by Wata

EnQuest Sends Arbitration Notice to Barakah Offshore

March 28, 2022

Dateline 2022-02-08, Offshore Engineer:

Oil company EnQuest has sent a notice of arbitration to the Malaysian offshore oilfields services firm Barakah Offshore Petroleum regarding a dispute in which an adjudication decision was made in January ordering EnQuest to pay around $17,1 million, plus interest to Barakah’s subsidiary PBJV.

Barakah Offshore’s subsidiary PBJV had in September 2021 filed an adjudication claim against EnQuest in Malaysia seeking around RM73,5 million plus interest for works done and/or services rendered for the Outstanding Sum up until the year 2020 under a letter of the award signed in July 2018, were PBJV was engaged by EnQuest as the contractor for the execution of the “Provision of Pan Malaysia Maintenance, Construction and Modification (“PM-MCM”) Contract.”

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Posted by Wata

Shell weighs up drill drive offshore Malaysia

March 27, 2022

Still Anglo Dutch?

Dateline 2022-02-07, Upstream Online:

Anglo-Dutch supermajor Shell is gearing up for a drilling campaign offshore Sarawak, East Malaysia following a geotechnical investigation that is scheduled to start within days.

Shell has its eye on exploration and development drilling at four locations off the coast of Sarawak, with wells expected to be spudded this year.

The exploration prospects on the operator’s radar are Davana, Keremak and Ruku-Ruku, while drilling on its Selasih producing field is also on the cards.

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Sarawak to focus on downstream activities in oil and gas and agriculture

March 26, 2022

Dateline 2022-02-07, NST:

 Seventy per cent of the liquefied natural gas (LNG) supply in Malaysia comes from Sarawak, and yet the state only consumes less than five per cent of the country’s total production.

Chief Minister Tan Sri Abang Johari Openg said there was a pressing need to intensify localisation of gas supply and utilisation to further industrialise Sarawak in the next five to 10 years in order to increase high value downstream economic activities in the state.

“At the same time, we are also exploring new oil and gas blocks onshore and offshore to ensure volume is available for Sarawak’s journey towards industrialisation.”

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Posted by Wata

Government urged to bear temporary rise in fuel prices

March 25, 2022

Nope, educate riff raff like me to be efficient energy users. And efficient water users. And efficient food users. I mean, using a gas guzzler to go to a store 100m away, and idle in front of it for 30 minutes?

Dateline 2022-02-08, NST:

Business groups have urged the government to intervene and bear the temporary rise in fuel prices rather than impose an electricity tariff hike.

11 business associations and trade groups, in a joint statement today, pointed out that the recent electricity tariff hike would only “set the train of inflation further” and ring a death knell for many businesses and enterprises.

Businesses, they said, would not be able to absorb the “humongous” hike even if the economy was thriving.

“The sudden and immediate implementation of the hike in electricity charges is shocking in so many ways.

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

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