Dateline 2021-01-04, Market Screener:
Malaysia’s state energy firm Petronas said on Monday it expects to resume full production at its Baram facilities, off the state of Sarawak on Borneo island, in the third quarter after halting output in October following an accident.
Petronas declared force majeure at its Miri crude oil terminal on Oct. 29 as a result of the ship collision on Oct. 27 at the Baram field, a company spokesman told Reuters.…
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Dateline 2020-12-30, FMT:
A former Malaysian employee of Norway’s largest oil services company Aker Solutions has sued the firm, saying it tried to stop her from speaking to authorities about its business practices, an accusation the company denies.
Seetha Kumarasamy, formerly a legal director with the firm, said in a Nov 20 Kuala Lumpur court filing seen by Reuters that Aker Solutions had sued her in 2018 to suppress evidence and prevent her from speaking out amid a corruption probe into the firm’s dealings with Petronas.
Aker Solutions, in a court filing last week, denied the allegation and accused Seetha of breaching her confidentiality obligations to the firm.
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Dateline 2020-12-29, The Edge:
The Energy and Natural Resources Ministry (KeTSA) is introducing the Net Energy Metering (NEM) 3.0 programme to provide an opportunity for more users to install the solar photovoltaic (PV) systems on the roofs of their respective buildings for electricity bill reduction.
Minister Datuk Dr Shamsul Anuar Nasarah said NEM3.0 would offer a quota of 500 megawatts (MW) from 2021 to 2023.
The NEM 3.0 programme involves three initiatives – Program NEM Rakyat, Program NEM GoMEn (Government Ministries and Entities) and Program NOVA programme (Net Offset Virtual Aggregation).
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Dateline 2020-12-24, EdgeProp:
The 500MW quota up to year 2020 under the Net Energy Metering 2.0 (NEM2.0) programme has been fully taken up as at end-November, one month before its scheduled end date of Dec 31, 2020.
The programme’s success is a testimony to Malaysia’s efforts in driving renewable energy initiatives under its commitment on environment conservation.
NEM2.0 is the second generation of the NEM programme, a solar PV initiative executed by the Sustainable Energy Development Authority (SEDA) Malaysia under the Ministry of Energy and Natural Resources (KeTSA) with the aim to promote renewable energy.
All registered Tenaga Nasional Bhd customers in Peninsular Malaysia in the residential, commercial, industrial and agricultural sectors can take part in the programme.
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I didn’t know you could do force majare on a grade. 2020 Uni grads, go find a lawyer!
Dateline 2020-12-24, The Edge:
Malaysia’s Petroliam Nasional Bhd (Petronas) has declared force majeure on two crude oil grades following production issues, four trade sources said yesterday.
The disruption to Miri and Cendor crude supplies has reduced Malaysia’s oil exports this month and supported spot prices in the region.
Miri crude production was reduced after a ship hit an oil production platform off Sarawak in late October, the sources said.
It was not immediately clear when Miri’s output could return to normal.
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Dateline 2020-12-19, The Edge:
On the 83rd floor of the Petronas Twin Towers last week, Tengku Muhammad Taufik Tengku Aziz, the president and CEO of Petroliam Nasional Bhd (Petronas), met up with The Edge for a two-and-a-half-hour session, the longest thus far any CEO of the oil company has had with us.
And the hours seemed to pass quickly with humorous exchanges and banter, but all questions were answered and peppered with facts on the oil company and its direction. It was a frank and good interview.
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Dateline 2020-12-08, Straits Times:
Sabah will follow Sarawak in pursuing its rights, particularly where oil and gas are concerned.
Deputy Chief Minister Datuk Seri Jeffrey Kitingan congratulated Sarawak for reclaiming its rights, adding that the Sabah government would ensure the same for the state.
He was referring to the Sarawak government signing a commercial agreement with Petroliam Nasional Bhd (Petronas) on Monday which allows the state, through its subsidiary Petroleum Sarawak Bhd (Petros), to play a bigger role in the oil and gas industry through cooperation with Petronas.
“Kudos to the Sarawak government for reclaiming their rights. It is no secret that the Sarawak government had been doing all the heavy lifting in this fight and we are grateful for their efforts.
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Dateline 2020-12-08, The Straits Times:
Malaysian energy giant Petronas said yesterday that it has agreed to a commercial settlement that grants Sarawak state a higher share of revenue for oil and gas produced in the state.
Under the agreement, Sarawak state will also be given more active involvement in the state’s oil and gas industry through management of onshore oil and gas resources via its state-owned energy firm Petros, according to a joint statement by Petronas and the state government.
Both Petronas and the state government said they remained committed to providing a “stable, conducive business and investment environment for the sustainable growth of the oil and gas industry” in the state.
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Dateline 2020-12-08, Malaysian Reserve:
THE newly sealed commercial agreement between Sarawak state government and Petroliam Nasional Bhd (Petronas) would need to provide investment incentives for it to remain attractive for investors.
An industry expert said an agreement like that would have to create investment incentives as any increase in royalty amounts would discourage new investment in exploration and production.
“To have a successful agreement, part of it needs to ensure the right incentives are in place for investments in the state. Such an agreement may lead to higher investment costs, particularly in a low oil price environment, and cause lower investment and production in the coming years,” the expert, who asked for anonymity, told The Malaysian Reserve.
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Dateline 2020-12-02, The Borneo Post:
A plan is in the works to implement a gas distribution system for houses, commercial businesses and industries in Kuching and Samarahan.
Chief Minister Datuk Patinggi Abang Johari Tun Openg said the system will be similar to the piped gas grid the Gas Distribution Systems in Bintulu and Miri.
“This is something which cannot take place ‘kinek kinek’ (immediately). It takes time, it is in the planning stage. It is something I want to do but I cannot reveal (more details about it) yet.
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Wata - Malaysian Oil and Gas Engineer 