Questions swirl around Petronas’ Kasawari CCS

November 15, 2021

Yea, baby. How about apply recycling’s mantra or reduce, reuse, recycle, bury deep?

Dateline 2021-11-03, Energy Voice:

The Malaysian government and state-backed Petronas have made commitments to cut greenhouse gas emissions. However, these goals become particularly challenging when many undeveloped fields with high levels of carbon dioxide (CO2) and hydrogen sulfide need to be tapped to backfill Malaysia’s LNG export complex in the coming years.

If emissions from these high CO2 fields are to be managed, then carbon capture and storage (CCS) will be a key enabler, according to IHS Markit. But it remains to be seen if the economics stack up and whether Malaysia can remain attractive in the context of a global upstream portfolio.

…

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

Posco International wins offshore gas project in Malaysia

November 12, 2021

Interesting.

Dateline 2021-11-02, Pulse:

Posco International Corp., a trading arm of South Korean steel giant Posco, has secured offshore natural gas exploration and production rights in Malaysia, accelerating its energy exploration push in natural resource-rich Southeast Asia.

Posco International said Monday that it signed a production sharing contract for Block PM524 natural gas field with Malaysia`s state-owned oil and gas company Petroliam Nasional Berhad (Petronas). Under the contract, Posco International will explore and operate Block PM524, a 4,738 square-meter natural gas field located in the sea about 50 to 80 meters deep off the east coast of Malaysia.

…

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

Past clean-up not enough to turn around Sapura Energy — what’s next?

November 11, 2021

Dateline 2021-10-30, The Edge:

Sapura Energy Bhd’s latest quarterly loss of RM1.52 billion was a big surprise to the market.

The company, which is 40%-owned by Permodalan Nasional Bhd, was expected to be better prepared having completed its RM10 billion debt refinancing in March. Oil prices doubled from last year to over US$80 (about RM331.28) per barrel. And the group even had a healthy order book of over RM7 billion.

Sapura Energy — arguably the largest Malaysia-listed oil and gas contractor — said that “the decrease was mainly contributed by provisions for foreseeable losses and higher project costs incurred for certain projects during the current quarter”.

…

Leave a Comment » | investment, Malaysia, Malaysian election, oil and gas | Tagged: | Permalink
Posted by Wata

Diving Tenggol 2021-10 2oo2

November 10, 2021

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

Sarawak can be an exporter of renewable energy to Singapore, says senator

November 9, 2021

Though, I think it would be better if they export to Kalimantan, with the new Indonesian capital and all.

Dateline 2021-10-29, The Star:

Sarawak has huge potential to be an exporter of renewable or low-carbon electricity to Singapore from its numerous hydroelectric dams, says Senator Robert Lau Hui Yew.

The Bawang Assan SUPP chairman said a submarine transmission cable from the state to Singapore is a practical idea.

“If we recall 30 years ago when Bakun was first announced, the plan was to lay an even longer submarine transmission cable to Peninsular Malaysia. I believe our state government would have thought of such potential and (will do) its best to explore that,” he said in a statement on Friday (Oct 29).

…

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

Malaysia targets renewable energy at 40 per cent of total capacity by 2035

November 8, 2021

I say responsible nuclear (fusion and fission power). If NIMBY is a problem, I’ll gladly rent you space in the middle of USJ, at a modest markup, 1MDB rates:

Dateline 2021-10-27, Straits Time:

Malaysia’s renewable energy installed capacity is targeted to reach 40 per cent, or 18,000 megawatts, by 2035, Energy Minister Takiyuddin Hassan said on Wednesday (Oct 27), as the South-east Asian nation charts a lower-carbon pathway for its power sector.

Current installed capacity for renewable energy in Malaysia is 8,520 megawatts, or 23 per cent of the energy mix, he said in a speech at the Singapore International Energy Week event.

The nation aims to raise its renewable energy capacity to 31 per cent of total capacity by 2025, he added.

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

Petronas to build Sabah’s first nearshore LNG facility at SOGIP, says chief minister

November 5, 2021

Dateline 2021-10-30, The Edge:

The Sabah state cabinet has endorsed the building of Sabah’s first nearshore liquefied natural gas (LNG) facility by national oil company Petronas at the Sipitang Oil and Gas Industrial Park (SOGIP), said Chief Minister Datuk Hajiji Noor. 

He said the LNG project, subject to a “final investment decision” in 2022, is a step in the right direction, as the state government continues to pursue more deals to get additional revenue via equity participation. 

…

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

Pakatan wants swift MACC probe into controversial Sabah pipeline project revival

November 4, 2021

Dateline 2021-10-23, Malay Mail:

Pakatan Harapan leaders issued today demanded explanation and urged authorities to launch a thorough probe into the government’s decision to revive projects seen as legacies of Barisan Nasional mismanagement.

The RM9.4 billion Trans Sabah Gas Pipeline (TSGP) and Multi-Product Pipeline (MPP) projects were scrapped by the former PH administration over alleged funding irregularities.

It was recently revealed that the projects had been revived by the succeeding government led by Tan Sri Muhyiddin Yassin in a decision communicated in February this year.

…

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

Diving Tenggol 2021-10 1oo2

November 3, 2021

Her name’s Bella. Be kind.

OLYMPUS DIGITAL CAMERA

Leave a Comment » | diving | Tagged: | Permalink
Posted by Wata

Controversy as RM4bil Sabah gas pipeline project revived

November 2, 2021

Dateline 2021-10-23, FMT:

Questions are being raised over the revival of a multi-billion ringgit project in Sabah that was scrapped by the Pakatan Harapan (PH) administration in 2018.

The scrapping of the Trans-Sabah Gas Pipeline (TSGP) project was widely reported at the time, though its revival by the Perikatan Nasional-led government was only recently revealed in Parliament.

DAP’s Kota Kinabalu MP Chan Foong Hin was the first to highlight the issue after learning the project was back on track following a written parliamentary answer from finance minister Tengku Zafrul Abdul Aziz.

…

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

« Previous Entries
Next Entries »