Dateline 2021-01-08, Energyworld.com:
Malaysia will delay the nationwide rollout of its B20 palm oil biodiesel mandate to early 2022 to prioritise an economy that has been battered by the COVID-19 pandemic, state news agency Bernama reported late Thursday.
The mandate to manufacture biofuel with a 20% palm oil component – known as B20 – for the transport sector was first rolled out in January last year, and was set to be fully implemented across the country by mid-June 2021.
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Posted by Wata
Dateline 2021-02-03, Zawya:
Kuwait Foreign Petroleum Exploration Company’s (KUFPEC) oil discovery in Malaysia is significantly more than expected, the company’s CEO said.
Shaikh Nawaf Saud Al-Sabah told the Atlantic Global Energy Forum 2021 last month that it is one of the top finds over the past couple of years.
“We are in the process of doing the appraisal right now and all indications are that it will be quite significantly more than what we initially expected,” he said.
The discovery, in Block SK-410B located 90 kilometres offshore Sarawak, is estimated to be multi-TCF gas, according to a KUFPEC press release. It said the exploration well encountered a gross gas column of 252 metres.
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Flyer invitation from IEM Terengganu Branch
RM20 for MOGEC members / IEM members
RM25 for Non members
Scan QR Code to register
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Dateline 2021-02-01, pv magazine:
Malaysia’s Sustainable Energy Development Authority (Seda) has begun accepting applications for the Net Energy Metering 3.0 program (NEM 3.0) today.
The new scheme replaced the NEM 2.0 program that was introduced in January 2019 and expired at the end of 2020. The 500MW quota under the NEM 2.0 scheme was fully subscribed by the end of December. “All existing NEM 2.0 draft applications that couldn’t secure quota by 31st December 2020 will be removed from the dedicated platform during the maintenance period,” the Seda specified.
The NEM 3.0 program will be in force until the end of 2023 and will be aimed at allocating 500 MW of rooftop PV capacity.
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Posted by Wata
Dateline 2021-01-31, The Edge:
A former staff of Aker Solutions ASA (Norway), who had sued the oil services firm for alleged abuse of court process, has received the go-ahead to serve her court papers on her former employer in Europe.
A High Court order obtained by Seetha Kumarasamy last month, sighted by theedgemarket.com today, allows her to serve the documents out of Malaysia’s jurisdiction, and it is understood that she will do so after the documents are translated.
The Norwegian firm will have 21 days to respond to the suit upon receiving the documents.
Three Malaysian units of Aker Solutions, which have also been named as defendants in the suit, have already responded. They have appointed the legal firm of Skrine & Co to represent them.
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Posted by Wata
Enjoy a copy of MOGEC‘s publicaton.
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Posted by Wata
If you are interested in the new ETAC / EAC requirements. EAC 15, 16, 17 March, ETAC 22, 23, 24 March. 80 participants only. Link is here.
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Dateline 2021-01-21, Malaysian Reserve:
WEAKER investments and global shift to low-carbon energy sources are expected to drive job cuts further in the oil and gas (O&G) industry with over 400,000 jobs axed last year alone.
Asia School of Business Assistant Prof Dr Renato Lima de Oliveira expects O&G companies globally to continue to cut their spending as they have yet to recover from the global slump in oil demand due to Covid-19.
National O&G companies like Petroliam Nasional Bhd (Petronas) and Saudi Aramco are further expected to pay hefty dividends to help respective federal governments manage their fiscal deficit as the Covid-19 battle continues.
Petronas has committed to an extra RM10 billion dividend on top of its scheduled RM24 billion dividend to the government for the year 2020. Saudi Aramco also said it would pay US$75 billion (RM303 billion) in dividend to the Saudi government.
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Dateline 2021-01-15, Argus Media:
Shell will cut 250-300 jobs from its upstream operations in Malaysia over the next two years, or around 2pc of the current workforce, calling it a necessary change to ensure it is “in a strong position to capture opportunities in the energy transition”.
Shell announced in September plans to cut 7,000-9,000 jobs over the next two years as part of a structural reorganisation to shift towards a low-carbon future.
Most of Shell Malaysia’s upstream staff will relocate to its principal office in Miri in the Malaysian state of Sarawak. The firm will continue to maintain an office in Kota Kinabalu in Sabah state for downstream businesses and some upstream support. “There are no changes to Shell’s offshore deepwater operations in Sabah,” it said.
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Posted by Wata
Dateline 2021-01-09, The Star:
SINCE the collapse of crude oil prices in 2014, the oil and gas (O&G) sector has never been the same.
First came the shale boom in the United States, creating ample supply and potentially changing geopolitics in the process by making the country less reliant on oil imports.
Another sting to the industry was the heavy debts that players struggled to pay back following the oil price rout that took place from 2014 to 2016.
The O&G industry has also been facing declining demand as more countries adopt cleaner and more environmentally friendly methods to generate energy.
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Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 