Malaysia’s RE outlook: The rise of household solar, carbon neutral goals, govt’s policies

March 14, 2022

Dateline 2022-01-17, Malaysian Reserve:

GLOBALLY, we are witnessing an ongoing worldwide energy shortage, environmental crisis and rising raw renewable energy (RE) material costs. Along with this, we see rising concern for climate change and sustainability, and increased environmental, social and governance (ESG) considerations.

At the recent 26th United Nations Climate Change Conference of the Parties, the world targets to limit temperature rise to 1.5°C, with over 100 countries making net-zero 2050 commitments, including Malaysia, alongside the US, Australia and Europe.

…

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

Parts V and VI of the Petroleum (Safety Measures) Act 1984 disapplied to gas supplied to ‘consumers’

March 13, 2022

No idea what this is about

Dateline 2022-01-24, Lexology:

The Petroleum (Safety Measures) (Amendment) Act 1993 (‘Amendment Act’) will come into operation on 2 February 2022 pursuant to Legislative Supplement B (P.U.(B)) 41/2022.

When the Amendment Act comes into operation, the Petroleum (Safety Measures) Act 1984 (‘Principal Act’) will be amended as follows:

Part V of the Principal Act (which provides for the transportation of petroleum by pipelines) will cease to apply to the supply of gas to consumers through pipelines under the Gas Supply Act 1993 (‘Gas Supply Act’); and
Part VI of the Principal Act (which provides for the storage and handling of petroleum) will cease to apply to a licensee under the Gas Supply Act for the supply of gas to consumers through pipelines from the storage tank or cylinder specifically used for reticulation of gas to any apparatus in any premises.

…

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

Six-year extension for ‘largest deepwater FPSO in Malaysia’

March 12, 2022

Dateline 2022-01-24, Offshore Energy:

Malaysian energy and maritime solutions provider MISC Berhad announced that the Malaysian Deepwater Floating Terminal (Kikeh) Limited (MDFT) had recently entered into an agreement with PTTEP to extend a charter contract for the FPSO Kikeh, which is operating off Sabah, Malaysia.

MDFT is a joint venture company between MISC and SBM Holdings (SBM) with 51 per cent and 49 per cent of the equity, respectively.

As reported by MISC on Monday, the charter extension for the vessel is for six years, beginning January 2022 until January 2028.

…

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

Malaysia’s Petronas makes 3rd gas find off Sarawak’s Balingian province

March 11, 2022

Dateline 2022-01-07, Channel News Asia:

Malaysia’s state oil firm Petronas has made a new gas discovery at the Hadrah-1 wildcat exploration well off the coast of Sarawak state, the firm said on Friday.

The discovery by subsidiary Petronas Carigali Sdn Bhd was made at Block SK411k located in the shallow waters of Balingian Province.

Petronas said Hadrah-1 is the company’s third gas discovery in this province, after Sirung-1 and Kulintang-1 in March and May respectively.

…

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

Petronas sees positive outlook for next three years on oil price recovery, pandemic SOP relaxation

March 10, 2022

Ah, what about the effect of Malaysia’s shrinking population to pandemic kills? And this is just the NOC? How about paying industry living wages? Seen the pay of your (and mine) cleaning staff lately?

Dateline 2021-12-28, The Edge:

Petroliam Nasional Bhd (Petronas) said on Tuesday (Dec 28) it expects a positive outlook for 2022 to 2024 for the national oil company on a recovery in crude oil prices, as well as relaxation of Covid-19 standard operating procedures (SOPs) and directives besides an increase in plug and abandonment projects for planned retirement of oil and gas wells.

Petronas said the information in its latest activity outlook report, which covers 2022 to 2024, is accounted for when a specific activity begins and not by contract award.

…

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

Random Promo – Bichi Mao

March 9, 2022

Disclaimer – I have no financial interest, I am a Patreon backer of the artist, Bichi Mao.

Have a look at their work see if it doesn’t tug your heartstrings. Purch their merch.

Everything has its 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.

http://nstagram.com/p/CY_wSkMP1Gv/

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

Strong petrochemicals demand drives project starts in Malaysia

March 8, 2022

Did they take this wholesale from PETRONAS’ outlook?

Dateline 2021-12-28, Hydrocarbon Engineering:

Malaysia is likely to witness start of operations of 31 petrochemicals projects from 2021 to 2025 driven by robust demand for petrochemicals, according to GlobalData.

GlobalData’s ‘Global Petrochemicals New-Build and Expansion Projects Outlook, 2021-2025’ report reveals that out of 31 projects expected to commence operations in Malaysia, polyethylene projects would be at three, followed by polypropylene and benzene with two each.

Bhargavi Gandham, Oil & Gas Analyst at GlobalData, comments: “Petrochemicals consumption is on the rise in Malaysia leading to supply-demand mismatch. This is leading to growth in investments and establishments of joint ventures to boost petrochemicals capacity in the country.”

…

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

Malaysia aims to fully implement B20 biodiesel mandate by year-end

March 7, 2022

Dateline 2022-01-05, Reuters:

Malaysia plans to implement its nationwide adoption of the B20 palm oil biofuel programme by the end of 2022, the country’s palm oil board said on Wednesday.

The mandate to manufacture biofuel with a 20% palm oil component – known as B20 – for the transport sector was first rolled out in January 2020 but faced delays due to movement curbs imposed to contain coronavirus outbreaks.

“We will do it stage-by-stage basis depending on the government’s financial capabilities,” Ravi Muthayah, the commodities ministry’s secretary general said during a seminar.

…

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

EnQuest ordered to pay Malaysian contractor $17.1 million

March 6, 2022

Dateline 2022-01-04, Upstream:

UK company EnQuest has been ordered to pay Malaysian contractor Barakah Offshore Petroleum nearly 71.6 million ringgit ($17.1 million) following an adjudication claim over offshore works.

Barakah launched legal action against EnQuest’s Malaysian subsidiary last year in relation to work carried out by Barakah under a 2018 letter of award for the provision of the Pan Malaysia Maintenance, Construction & Modification (PM-MCM) contract EN17051.

…

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

Malaysia’s Petronas, Sabah state launch masterplan for gas development

March 5, 2022

Dateline 2022-01-04, Channel Asia:

Malaysia’s state oil firm Petronas and the resource-rich state of Sabah on Tuesday (Jan 4) launched a masterplan to develop the state’s natural gas resources, including the construction of a liquefied natural gas (LNG) plant.

The Sabah Gas Masterplan is the result of a joint study between the state and Petronas, both parties said in a joint statement.

It entails the construction of an LNG plant with a capacity of 2 million tonnes per annum (MTPA) at the Sipitang Oil and Gas Industrial Park, which will provide opportunities for Sabah to expand its LNG distribution across the state, they said.

…

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

« Previous Entries
Next Entries »