Why the silence on key climate change report, Putrajaya asked

September 9, 2021

Oo, this was before we had a change of underwear. Let the new underware speak.

Dateline 2021-08-14, FMT:

Umno information chief Shahril Hamdan has questioned the government’s silence on a key United Nations (UN) report on climate change and its effects.

Released last Monday by the Inter-governmental Panel on Climate Change (IPCC), the landmark report warns that global warming is dangerously close to spiralling out of control, saying humans are “unequivocally” to blame.

Speaking to FMT, Shahril said Prime Minister Muhyiddin Yassin could have addressed the report yesterday in his speech at the launch of the Perkukuh initiative, in which he announced reforms for government-linked investment companies (GLICs).

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Solar PV cn help businesses save at least 25% on Energy Costs

September 8, 2021

Unless you are like me, the inverter kaputs every 2 years or so. And I don’t want savings, I want profit.

Dateline 2021-08-XX, The Star (hey, don’t they put datelines in anymore?)


A typical solar photovoltaic (PV) panel installation on commercial or industrial properties would help businesses to save potentially at least 25 per cent in electricity cost, UOB Malaysia deputy chief executive officer Ng Wei Wei said.

She said the amount of savings translates to an average payback period of three to five years on businesses’ total investments.

“Landed residential property households get to enjoy between 30 per cent and 50 per cent of monthly savings in electricity bills.

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Renewable Energy the Way to Go

September 7, 2021

I think ‘energy that exceed UN Sustainable Development Goals and gives my grandchildren other than a Malaysian desert’ is the way to go, but hey, each to his own pocket.

Dateline 2021-08-XX, The Star:

Tough economic times are the best time for companies or individuals to invest in solar photovoltaic systems, says the Sustainable Energy Development Authority (Seda).

Seda Strategic Planning Division director Ibrahim Ariffin said the value proposition for investments was two-fold – environmental and cost savings in the form of electricity bills.

“Climate change and sustainability have become key motivations across the globe and for the private sector.

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Malaysia’s Petronas eyes third floating LNG vessel amid upstream uncertainties

September 6, 2021

Dateline 2021-08-12,S&P Global:

Malaysia’s national oil company Petronas has issued a front-end engineering and design tender for a third floating liquefied natural gas or FLNG plant, for which bids are due in August from interested parties, according to sources with direct knowledge of the matter.

The FEED study is expected to kick off before the end of 2021 and lead to a final investment decision on the unit dubbed PFLNG Tiga during the second half of 2022, sources said. Petronas declined to comment.

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POSCO International wins right to explore gas fields off Malaysian Peninsula

September 3, 2021

Wait,

PM524 minefield?

Dateline 2021-08-10, Aju Business Daily:

 POSCO International, a trading arm of South Korea’s steel group, will work with Petronas, a Malaysian state oil and gas company, to explore gas fields in waters of the east coast of the Malaysian Peninsula.

In an international bid, POSCO International said it has won the right to explore and operate the PM524 minefield where Petronas already operates a gas field. The South Korean company aims to sign a product distribution contract within this year after coordinating with Petronas on detailed conditions.

POSCO International has picked promising mining areas by checking seismic waves and drilling data. The company will hold an 80 percent stake, along with the right to operate, while the remainder will be controlled by Petronas’ subsidiary, Petronas Carigali Sdn Bhd, a subsidiary of the Malaysian state company.

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Design Begins for Malaysian Carbon Capture and Storage Project

September 2, 2021

Dateline 2021-08-09, The Maritime Executive:

The development of the first complete Carbon Capture and Storage (CCS) project, offshore Malaysia, is getting underway for the oil and gas company Petronas. The conceptual engineering design contract for the project was awarded to the global energy consultancy Xodus. 

The Kasawari CCS project, off the coast of Sarawak, will comprise the capture and processing of carbon dioxide (CO2) from the sour gas field development, which will then be injected in a depleted gas field. This project is a key element of PETRONAS’ aspiration of achieving net-zero carbon emissions by 2050.

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Sarawak Energy expands in in-house HSAP and HESG assessors

September 1, 2021

Dateline 2021-08-09, Water Power (like Nitendo Power, but betterer)

Sarawak Energy has reinforced its commitment towards sustainable hydropower development and management by expanding its pool of internationally trained in-house Hydropower Sustainability Assessment Protocol (HSAP)/Hydropower Environmental, Social and Governance (HESG) assessors accredited by International Hydropower Association (IHA). 

The all-Sarawakian team now includes 11 IHA Provisional Accredited Assessors and 18 IHA Certified Users who will be responsible for assessing and improving the sustainability performance of Sarawak Energy’s hydropower projects and plants. The Provisional Accredited Assessors (PAAs) will also be involved in sustainability assessments for international projects undertaken by other developers under the supervision of an International Hydropower Association (IHA) Lead Assessor. To date, two of the PAAs have been involved in an official HSAP/HESG assessment for a hydropower plant in operation in Indonesia.

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Uzma awarded Risk Transfer Incentive Contract Work Order for RM29 mil

August 31, 2021

Risk Transfer Incentive Contract, wot?

Dateline 2021-08-09, Malaysian Reserve:

Uzma Bhd through its wholly-owned subsidiary Uzma Engineering Sdn. Bhd. secured a Work Order Award from PETRONAS Carigali Sdn. Bhd. for the Provision of a Risk Transfer Incentive Contract (RTIC) for Idle Wells Reactivation and Production Enhancement Services for Sabah assets.  

In a statement today the company said the contract duration is for three years beginning 13 July 2021 and ending on 12 July 2024 with an estimated contract value of RM29 mil.

The job scope of the contract involves deploying well intervention services to perform idle well reactivation activities at Offshore Sabah.  

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Shout Out – PCE 2021-08

August 23, 2021

BEM is having a presentation tomorrow, on the Professional Competancy Exam (PCE) at 10:30 to 12:30. I have some seats spare, if you can’t get one of the 1000 that were prepared. Visit https://bit.ly/2VHAPZt, which seems to have shut down.

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Commentary: Ambitious oil facility in Pengerang, Johor a gamble given global climate change agenda

August 11, 2021

Dateline 2021-08-XX, Channel News Asia:

One of the most ambitious projects of Petronas, Malaysia’s national oil company, will soon be fully operational.

The Pengerang Integrated Complex (PIC), in the southern state of Johor, is poised to transform the country’s footprint in oil refining and petrochemical production. Spread across 2,550 ha and the result of a US$27 billion investment in partnership with Saudi Aramco, PIC will house a new site of downstream oil operations. However, at a time when the world is increasingly stressing the importance of green development and phasing out fossil fuels, are Malaysia and Petronas making the right bet?

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