Malaysia elected to IAEA Board of Governors

November 1, 2020

Yes, so begins Malaysia’s nuclear ambitions… maybe this was the cause of The Emerency?

Dateline 2020-09-27, The Star:

Malaysia has been elected to the Board of Governors of the International Atomic Energy Agency (IAEA) for the 2020-2022 term as a representative for Southeast Asia and the Pacific.

Wisma Putra said the decision was reached during the 64th regular session of the IAEA General Conference in Vienna, Austria on Thursday (Sept 24).

“Malaysia has served on the Board of Governors for nine terms since 1976.

“As a member of the Board, Malaysia is fully committed and will continue to support and work with the IAEA and Member States to ensure the potential of nuclear energy is used for peaceful purposes,” it said in a statement issued on Sunday (Sept 27).

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South China Sea: does one-on-one mean a one-sided deal for Malaysia?

October 31, 2020

Just about fits into the ‘black oil’ category.

Dateline 2020-09-27, SCMP:

When Malaysia agreed last year to one-on-one talks with rival claimant China over the South China Sea, it caught observers by surprise.

While Kuala Lumpur was not the most vocal opponent of Beijing’s claims in the area, it had long been reluctant to engage in such negotiations.

Instead it has sought to chart a course between not antagonising China and quietly pursuing its own plan for oil and gas exploration in the contested waters.It has preferred to leave discussions about jurisdiction over the resource-rich area to regional groupings like the Association of Southeast Asian Nations (Asean), where various countries can work together to have a bigger say.

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Exxon eyes shortlist for Malaysian oil and gas assets

October 30, 2020

Dateline 2020-09-25, Oil & Gas 360:

Exxon Mobil has narrowed the list of bidders for its oil-producing offshore assets in Malaysia that could potentially raise $2 billion to $3 billion in a sale, according to people with knowledge of the matter.

U.K.-listed EnQuest Plc and Kuala Lumpur-traded Hibiscus Petroleum Bhd. are among those that have been chosen to submit binding bids for the assets, the people said. Other companies have also expressed interest, said the people, who asked not to be identified as the discussions are private.

Exxon Mobil started the process to sell its Malaysian assets last year as part of its global divestiture program, Bloomberg News has reported. It produces oil and gas in the Southeast Asian nation under four production sharing contracts with the state-owned Petroliam Nasional Bhd., according to its website.

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Intern Position – Chemical / Mechanical / Others (2020-11)

October 29, 2020

Background
IGL Services Sdn Bhd is looking for intern(s) to start immediately for 2 months or more. The role will be to support the company in both technical and administrative roles.

Qualification
A background in chemical engineering. Current GPA 3+.
Self starter.
Available for 2 months or more.
University students accepted.
Good communication skills, either Bahasa or English. Good document writing skills are essential.

Location
Will be based in or around Puchong Prima, Selangor.

Functional Position
The candidate will be reporting to lead engineer

Renumration
Intern allowance, and any out of pocket expenses.

Notes
Internship does not automatically translate to permanent employment.
As small company, roles will be assigned per business requirements.
Applicant to state what they MUST do to fulfil intern requirements, so Company can plan as appropriate.

Contact enquiries@igl.com.my, subject “Intern 2020-10”
Closing date: 2020-11-30

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IGL Job Posting Graduate Engineer (2010-11)

October 29, 2020

Position
Graduate Engineer

Qualifications
A background in chemical engineering. Final GPA 3+.
Self starter.
Good communication skills, either Bahasa or English. Good writing skills are essential.
Motivated individual, with firm analytical and logical skills.

Location
Will be based around Puchong Prima, Selangor.

Functional Position
The candidate will be reporting to lead engineer.

Renumration
EPF, Socso and mandatory contributions

Notes
As small company, roles will be assigned per business requirements.
An technical written test will be conducted as part of the interview process.

Contact: enquiries@igl.com.my with subject “Graduate 2020-10”
Closing date: 2020-11-30

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It’s not for Bung to say we can’t get 20% oil royalty, says Sarawak minister

October 29, 2020

Dateline 2020-09-25, FMT:

 A Sarawak minister said Sabah Umno chief Bung Moktar Radin has no say on whether Sabah and Sarawak can get 20% oil royalty from Putrajaya.

“It’s not for Bung to decide on whether Sabah or Sarawak can get the 20% oil royalty or not, ”Sarawak’s Tourism Minister Abdul Karim Rahman Hamzah told FMT.

“Whether Sabah or Sarawak get the 20% oil royalty wholly depends on the executive’s decision. If the prime minister agrees, then it will happen. Therefore, I’ll take his statement as his personal opinion only,” he added.

He was commenting on Bung’s recent statement that there was no way for Sabah and Sarawak to get 20% oil royalty from Putrajaya.

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Taskforce to look into abandoned oil wells in Miri, says Sarawak minister

October 28, 2020

Dateline 2020-09-23, Malay Mail:

A taskforce will be set up with the objective of ensuring that all 624 abandoned oil wells throughout Miri would not pose any danger to the public and also to the environment.

Transport Minister Datuk Lee Kim Shin said this taskforce, comprising experts from oil and gas (O&G) industries, would be chaired by the Miri Resident.

“Petronas, Shell and Petroleum Sarawak Bhd (Petros) will form this taskforce.

“We will also invite those from Curtin University Malaysia, who are experts in petroleum engineering and geophysics, to look into all the abandoned oil wells in Miri, particularly those up on Canada Hill that have been left abandoned for a long time,” he said when met by reporters after chairing a meeting on ‘Abandoned Oil Wells and Historical Places in Miri’, which took place at the Resident’s Office here yesterday.

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Don’t count on higher oil royalties during slump, says analyst

October 27, 2020

Dateline 2020-09-23, FMT:

An oil and gas analyst has cautioned against expectations of higher oil and gas royalties because of the worldwide slump in the industry.

Renato Lima de Oliveira said an increase in oil royalties, a hot topic in the Sabah state election, was unlikely because the industry had yet to recover from the fall in oil prices in 2014, as well as the absence of new, significant reserves.

“Production of oil and gas from Malaysia has also been stagnant, so there is no incentive for oil and gas companies to revise existing contracts,” said de Oliveira, an assistant professor at the Asia School of Business.

He was commenting on recent remarks by Sabah Barisan Nasional chief Bung Moktar Radin that oil royalty payments for Sabah and Sarawak could not be raised to 20% as it involved pre-existing agreements with oil corporations, including international ones.

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Petronas seeks investors to revive Malaysian upstream as majors exit

October 26, 2020

Dateline 2020-09-22, Energy Voice:

After reporting a $5 billion loss, Malaysian national oil company (NOC) Petronas is eager to see new money flow into its domestic upstream sector, especially as the majors, such as ExxonMobil, seek to exit the Southeast Asian nation.

Industry sources told Energy Voice that Petronas – the sole manager of Malaysia’s oil and gas reserves – is exploring ways to open up its upstream sector to mid and late-life operators. Traditionally, the NOC, has been very particular about who can operate the country’s upstream assets, preferring giant players, such as Shell, ExxonMobil and ConocoPhillips.

But this mindset is changing as most of the major foreign companies have put their Malaysian assets up for sale. Petronas now needs to find new investors, especially companies with experience squeezing more oil and gas from ageing and marginal fields.

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SK408 Gas Fields Development Project, Offshore Sarawak

October 25, 2020

Dateline TBA, Offshore Technology:

SK408 gas fields development project is located within the SK408 Production Sharing Contract (PSC) area, approximately 120km offshore Sarawak in Central Luconia Gas Province, Malaysia.

The project includes five natural gas and condensate fields, namely Gorek, Larak, Bakong, Teja, and Legundi.

The gas fields development project is being developed jointly by SapuraOMV Upstream (40%), Sarawak Shell Berhad (30%) and Petronas Carigali (30%). The phase one development of the SK408 project includes the commercialisation of the gas reserves from the Gorek, Bakong, and Larak fields.

The final investment decision (FID) on the development of the three fields under the first phase was made in April 2018.

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