How Much Oil and Gas Is Contained in the South China Sea?

March 13, 2021

Dateline 2021-02-22, National Interest:

Stretching from Singapore and the Strait of Malacca in the southwest to the Strait of Taiwan, the South China Sea long has been considered one of the most important trade routes in the world.

The vast sea is also known to be rich in resources that can help meet the quickly rising energy demands of nearby countries.

According to the U.S. Energy Information Agency, it is estimated that the South China Sea holds about fourteen trillion barrels of natural gas and sixteen to thirty-three billion barrels of oil in proved and probable reserves—most of which are situated along the margins of the South China Sea rather than under the long disputed islets and reefs.

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Posted by Wata

Petronas forging ahead at Malaysian gas project

March 12, 2021

Dateline 2021-02-23, Upstream Online:

Malaysia’s national upstream company Petronas Carigali is forging ahead with its Kasawari giant sour gas field development offshore Bintulu, Sarawak.

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Petronas readies 13 blocks for 2021 offshore round

March 11, 2021

Historical news.

Dateline 2021-02-22, Energy Voice:

Malaysia will offer 13 offshore exploration blocks, including discovered fields and deep-water opportunities, as part of its Malaysia Bid Round (MBR) 2021 due to launch on 26 February.

Included in the round are six discovered fields to incentivise investors to undertake more extensive exploration activities within those blocks, Malaysian national oil company (NOC) Petronas said Friday. This year’s round also features four deep-water blocks next to the coast of Sarawak and Sabah, which saw prominent exploration discoveries in recent years, added Petronas.

The round will be launched virtually in Kuala Lumpur, Malaysia and live-streamed to three different markets in North America, UK and Europe, as well as Asia Pacific. Themed ‘Grow your Energy Portfolio with Us’, MBR 2021 aims to attract investors with unique capabilities to unlock the full potential of the hydrocarbon resources in Malaysia.

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The State of the Nation: Rising crude oil price a positive for government finances

March 10, 2021

Not an engineering title, but news is slow.

Dateline 2021-02-22, The Edge:

THE recent uptrend in crude oil prices seems to suggest that the commodity is staging a comeback. Since breaching the US$50 per barrel mark in early December last year, Brent crude has continued to climb steadily amid the continued uncertainty surrounding the virus.

On Feb 8, Brent crude climbed above US$60 a barrel — for the first time in a year.

The rise in oil prices has been linked to several factors. One is undeniably propped up by the Covid-19 vaccine breakthrough last year, renewing optimism about fuel consumption, while colder winters have also helped push up prices, especially for liquefied natural gas (LNG).

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ConocoPhillips wins Malaysia Block offshore Sabah

March 9, 2021

Hey, it’s a shallow water block.

Dateline 2021-02-22, Energy Voice:

Malaysia has awarded shallow-water exploration Block SB405 to U.S. major ConocoPhillips off the coast of Sabah.

The award is expected to help bolster interest in exploration activities offshore Sabah with more block investment opportunities on offer, Malaysian national oil company (NOC) Petronas said Friday.

ConocoPhillips will operate Block SB405 with an 85% interest. Petronas Carigali, the upstream division of the NOC, will hold the remaining 15% stake. ConocoPhillips already holds interests in five production-sharing contracts (PSCs) in Malaysia; Block J, G and Kebabangan offshore Sabah, as well as SK304 and WL-00 offshore Sarawak.

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Petronas CEO says important to diversify into renewable energy

March 8, 2021

You know how I feed about PETRONAS using their size to bully and monopolise their way into businesses that are outside their original raison d’être:

Dateline 2021-02-21, Malay Mail:

Renewable Energy (RE) is without a doubt the future in energy consumption and mix and a much debated topic not only in Malaysia but also globally as it needs the right policies, infrastructures, and funding.

In a no holds barred interview on the issue, Petroliam Nasional Bhd (Petronas) president and chief executive officer Tengku Muhammad Taufik Tengku Aziz shed some light on how Malaysia’s only Fortune 500 company is gearing up to future proof itself.

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Shoutout – IEM MMA

March 2, 2021

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Petronas lets explosives-certified robot dog off the leash

February 28, 2021

Great. Screamers, anyone? Though, putting these (and the ED-209) on normally unmanned platform, re-categorizes civilian facilities to military ones, and puts the fear of God into those pesky fish.

Dateline 2021-02-17, Upstream:

Malaysia’s national oil company Petronas has carried out a test on its offshore facilities of a canine robot that is designed to work in potentially explosive environments.

The four-legged dog-like robot from Swiss technology player ANYbotics — called an ANYmal — is designed to perform autonomous inspections in locations including oil and gas platforms.

Petronas and ANYbotics recently conducted a successful multi-week installation with the version ANYmal C on the operator’s Dulang B platform offshore Malaysia.

Intended to enter commercial use in 2022, the companies have jointly developed the Ex-certified version of ANYmal, meaning it is certified to work in potentially explosive environments.

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ConocoPhillips boosts Malaysian portfolio with new shallow-water block award

February 27, 2021

Dateline 2021-02-19, Upstream:

US independent giant ConocoPhillips has been awarded a new shallow-water exploration block offshore Sabah, East Malaysia.

Block SB 405 covers 5857 square kilometres in the North East Sabah basin, off the coast of Sandakan.

Water depths at the acreage are up to 100 metres.

“The entry of ConocoPhillips with its world-class proprietary seismic technology into Block SB 405 is expected to enhance the hydrocarbon resource potential off the coast of Sabah,” said senior vice president of Malaysia Petroleum Management, Mohamed Firouz Asnan.

“This is an area that has a proven working petroleum system with previous discoveries such as Kuda Terbang and Nymphe fields.”

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MOGEC X IEM WEBINAR: TECHNICAL TALK ON MARITIME MANAGEMENT AND TECHNOLOGY

February 26, 2021

Invitation from IEM Terengganu Branch for your reference.

MOGEC / IEM member – RM35.00 per person

Non member – RM40.00 per person

Scan QR Code to register 

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Posted by mogecweb

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