Malaysia’s Petronas sees CCS cost as challenge

March 4, 2022

Dateline 2021-12-21, Argus Media:

Malaysian state-owned Petronas’ goal of achieving net zero emissions by 2050mirrors that of its home country and includes hydrogen as a crucial step.

The firm will focus on blue over green hydrogen at first, targeting exports to existing LNG customers in Japan and South Korea. But the cost of CCS is challenging for domestic projects. “If you look at [the] Middle East or Australia, their carbon capture is all onshore, so the cost of doing it is much cheaper theoretically. But because ours is all offshore… you get into all the complexities of operating offshore,” Petronas’ hydrogen business head, Adlan Ahmad, says.

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Random Promo – Loving Reaper

March 3, 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.

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Shout Out – MOGEC 2022-03

March 3, 2022

📢 1 week to go ! 🤩
📢 Book your seat before closing date ! 🤩

*Book your seat for MOGEC webinar by Ms Chin Foong Ling from ERM *

Title: Climate Change Risk and Net Zero Action
Date: 10th March 2022 (Thursday)
Time: 3.00pm
Platform: MS Teams

Free admission for MOGEC member
Rm40 for Non Member

To register for the webinar, kindly fill up the registration form at this link -> https://tinyurl.com/MOGECMAR

Thank you

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Shout Out – 2022-03 AER Open Day

March 2, 2022

I’m MCing this event, so turn up and register. I need the headcount to get paid a bonus on top of the base pay. The date is 5th March 2022.

Visit https://forms.gle/Thm 22nJihaemkyeo9 to register. And visit AER to find and gawk at my name.

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Random Promo – Bichi Mao

March 2, 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.

https://www.instagram.com/p/CZKKGwxPKR7/

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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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