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.

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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.

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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.

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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/

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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.”

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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.

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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.

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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.

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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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