Dateline 2021-05-04, Argus Media:
A drilling rig has sunk offshore eastern Malaysia while it was being prepared for work at a ConocoPhillips-operated exploration block.
The NAGA 7 tilted “due to soil rapid penetration” at the WL4-00 site according to its owner, local firm Velesto Energy. All 101 personnel on board were evacuated, and the rig subsequently sank.
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Posted by Wata
Dateline 2021-05-01, Malay Mail:
An Indonesian man was killed while three others suffered minor injuries when two crude oil tanks caught fire at the Emery Oleochemicals plant in Telok Panglima Garang Industrial area today.
Selangor Fire and Rescue Department director Norazam Khamis said in a statement today that they received a distress call at 5.36pm and firefighters from the Telok Panglima Garang, Banting and Andalas Fire and Rescue stations were deployed to the scene.
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Leave a Comment » | Safety | Tagged: Emery Oleochemicals, Norazam Khamis, Telok Panglima Garang | Permalink
Posted by Wata
Dateline 2021-04-30, Offshore:
Jadestone Energy has agreed to acquire various field interests offshore Peninsular Malaysia from SapuraOMV Upstream for $9 million.
The transaction would give Jadestone a 70% operated interest in the PM329 PSC, containing the East Piatu field, and a 60% operated stake in the PM323 PSC, containing the East Belumut, West Belumut, and Chermingat fields.
Combined net production is 6,000 boe/d, and the associated reserves (net to Jadestone) are 12.5 MMboe, including estimates based on further development activities.
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Leave a Comment » | oil and gas | Tagged: Chermingat, East Belumut, East Piatu, Jadestone, SOMV, West Belumut | Permalink
Posted by Wata
Dateline 2021-04-26, Offshore:
Petronas has awarded Vestigo Petroleum a production sharing contract (PSC) for the shallow-water South East Collins Cluster, under Malaysia’s new Small Field Asset terms.
The cluster, in water depths of 42-45 m (138-147 ft), 70 km (43 mi) northeast of Labuan Island, comprises the South East Collins and Lokan fields discovered in the 1980s, with combined recoverable reserves estimated at 10 MMstb.
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Posted by Wata
Dateline 2021-04-27, Straits Times:
Malaysia is seeking to rescue its ailing oil and gas ecosystem with an ambitious 10-year plan after fuel prices were battered last year by the Covid-19 pandemic.
The National Oil & Gas Services and Equipment (OGSE) Industry Blueprint 2021-2030 comes after nearly two-thirds of over 4,000 vendors fell off the radar, victims of a “double whammy”.
Demand for energy and transportation tanked during the pandemic and this came on top of the rout in oil markets between 2014 and 2016.
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Dateline 2021-04-23, Reuters:
Malaysia’s government on Wednesday enacted a new emergency law allowing it to use funds derived from oil and gas contributions to pay for vaccine procurement, as it looks to ramp up its COVID-19 vaccination programme.
The ordinance will allow the government access to use the 17.4 billion ringgit ($4.23 billion) parked under the national trust fund to secure vaccines “for an epidemic of any infection disease”, according to the law published in the federal gazette.
The trust fund, which takes contributions from state energy company Petronas (PETR.UL) and others involved to petroleum exploitation, was set up to support infrastructure and other development and provide federal loans to Malaysia’s states.
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Dateline 2021-04-21, OE:
Malaysia’s Petronas has awarded the Production Sharing Contract (PSC) for the South East Collins Cluster under the newly introduced Small Field Asset (SFA) PSC terms, to Vestigo Petroleum.
The South East Collins Cluster, located in water depths of 42 to 45 meters 70km northeast of Labuan Island, comprises two fields, South East Collins and Lokan which were discovered in the 1980s. With a combined estimated recoverable of 10MMstb, the South East Collins Cluster is now primed for development under the new SFA PSC terms, Petronas said.
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Dateline 2021-04-15, FMT:
“Renewable energy is the future!”
Permutations of this catchphrase have been pronounced by prophets aplenty but more than a decade into the so-called “renewable energy revolution”, we are yet to see many countries, including Malaysia, switching to a predominantly renewable energy-based economy.
It’s easy to point fingers and say governments are ineffective or large corporations prefer to plunder our natural resources but those arguments very often are straw men that distract us from the real issue at hand – the intermittency problem of renewable energy solutions.
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Posted by Wata
Dateline 2021-04-11, The Edge:
Solar enthusiasts are jumping on the bandwagon to promote the renewable energy (RE) source, harping that it is freely available and more cost-effective.
But is this true? And is too much solar a good thing? Let’s explore this further.
Solar is available only during the day, thus you still need to cater for energy during the night. This will normally be provided by other conventional plants (i.e. coal, gas, and hydro). This means that conventional plants are still needed even though solar is introduced into the system.
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Dateline 2021-04-11, Malay Mail:
The new oil and gas discovery in the shallow waters of Balingian by Petroleum Nasional Bhd (Petronas) will positively impact not only the sub district but also Mukah Division, said Sarawak Chief Minister Datuk Patinggi Abang Johari Openg.
With the oil and gas belt stretching from Balingian to Miri, he said a new base for operations may need to be set up in Mukah and when it happens, it will spur development in the division.
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Leave a Comment » | oil and gas | Tagged: Abang Johari Abang Openg, Balingian, Mukah, Petronas | Permalink
Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 