Malaysia: Petronas performs first ship-to-ship LNG bunkering operation at Pasir Gudang

December 8, 2020

Datline 2020-11-11, Manifold Times (I tell you, the names people are coming up with. Welcome to the Penyu Times):

Malaysian oil and gas company Petroliam Nasional Berhad (Petronas), on Tuesday (9 November) reportedly performed its first liquified natural gas (LNG) bunkering operation south of Pasir Gudang Port, Johor.

The bunkering operation marks the company’s venture into LNG bunkering in the region.

The project was developed jointly with the government through the Ministry of Transport, and the Marine Department Malaysia (JLM) since 2017 to install the necessary infrastructure needed for LNG bunker supply.

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Malaysia to cut reliance on petroleum revenues

December 7, 2020

Hahahahaha, ha (snort).

Dateline 2020-11-11, Argus Media:

Malaysia is seeking to reduce its reliance on oil and gas revenues, forecasting a near 25pc fall in total petroleum revenues to 37.8bn ringgit ($9.2bn) next year as the Covid-19 pandemic continues to batter global crude prices.

The drop, from petroleum revenues of 50bn ringgit this year, is largely driven by an estimated fall in dividends from state-owned oil firm Petronas to 18bn ringgit next year, down by almost 50pc from 34bn ringgit in 2020 and just a third of the 54bn ringgit paid in 2019, according to a fiscal outlook report that accompanied the government’s 2021 budget announcement on 6 November.

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Petronas’ Malaysia LNG supply faces headwinds

December 6, 2020

Dateline 2020-11-09, Energy Voice:

The Petronas-operated Bintulu LNG export complex, in the eastern Malaysian state of Sarawak, desperately needs new gas supplies to maintain its exports in the near-to-medium term, as legacy fields mature.

Moreover, recent news that the fast-track schedule for PTTEP’s giant Lang Lebah field development appears to be slipping, does not bode well for the 29.3 million tonne per year LNG export facility, which is one of the world’s largest.

Thai upstream player PTTEP said on 5 November that it only expects to take a final investment decision (FID) for its proposed giant sour gas field in 2022. Initially, FID was targeted by 2021, after the field was discovered in 2019. Further slippage is possible.

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This Could Become The World’s Most Expensive Crude Oil

December 5, 2020

Dateline 2020-11-08 , Oilprice.com:

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Malaysia’s Tapis grade crude oil, produced in the South China sea near the Malaysian peninsula, has long been recognized as the world’s most expensive. Its lightness with an API gravity of 42.7 degrees and sweetness, which sees Tapis possessing extremely low sulfur content of 0.04%, makes it highly desirable for refining into high quality gasoline, diesel and other fuels. 

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Malaysia’s Petronas facing minor production issues at Bintulu LNG plant

December 4, 2020

Dateline 2020-11-09, Marketscreener:

Malaysian state energy firm Petronas on Monday said it was facing minor production issues at its liquefied natural gas (LNG) plant in Bintulu and that supply has not been affected.
Reuters had reported on Friday that loadings of LNG cargoes have been delayed from the plant, located in the eastern Malaysian state of Sarawak.

Petronas said the production issues at Bintulu are under control and have been resolved, adding that they are “part and parcel of operations”.

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Malaysia starts LNG bunkering operations, makes first delivery

December 3, 2020

Dateline 2020-11-10, Reuters:

 Malaysia, through state oil firm Petronas, has ventured into the liquefied natural gas (LNG) bunkering business and made its first delivery in the southern state of Johor this week, the country’s marine department said on Tuesday.

The maiden operation involved supplying 1,150 tonnes of LNG from bunkering vessel MV Avenir Advantage, which Petronas leased from Future Horizon, to vehicle transport vessel Siem Aristotle at the Pasir Gudang port on Monday.

“This makes Malaysia among a few first-mover countries able to provide LNG bunkering services to the marine industry in the east,” Marine Department Malaysia said.

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Anniversary – Bhopal Disaster

December 2, 2020

Chemical Engineers never forget.

Photos.

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How S’wak is benefiting from Sabah’s oil and gas

December 1, 2020

Dateline 2020-11-01, Daily Express:

THE idiom “a slap in the face” means a sharp rebuke or rebuff. Shell’s planned pull out is an extensive pull-down for Sabah fragile economy. 

Besides its promises, it has been and will continue to make millions from the pumping of our petroleum out of its two deep water wells. Shell is not pulling out of Malaysia. It is moving its upstream office out of KK and will build a new office to house them in Miri. The question is what are the underlying factors that have led to the Shell pull out.

Impotent words from Sabah politicians. Sabah political leaders have united for once to beat their war drums, showing their rage on this Shell pull out. 

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Malaysia’s Petronas to pay Sabah state $303 million in sales tax next year

November 30, 2020

Dateline 2020-11-08, Reuters:

Malaysian state-owned energy giant Petronas is expected to pay the resource-rich state of Sabah 1.25 billion ringgit ($303 million) in sales tax next year, state media said.

Sabah Deputy Chief Minister Jeffrey Kitingan said Prime Minister Muhyiddin Yassin had agreed for the state to collect the 5% tax from Petronas next year, Bernama news agency said late on Saturday.

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Decarbonising Malaysian companies — moving towards net zero

November 29, 2020

When we decarbonise, can we reuraniumise?

Dateline 2020-11-09, NST:

NET zero is a desperately needed global goal. It means minimising our atmospheric greenhouse gas emissions and fully absorbing emissions that cannot be avoided into forests, mangroves, and other carbon sinks, or through carbon capture and storage systems.

Petroliam Nasional Bhd president and group chief executive officer Tengku Muhammad Taufik made clear on Oct 28 its aspiration to achieve net zero carbon emissions by 2050. It follows similar welcome announcements earlier by Total (France), Repsol (Spain), BP (United Kingdom), and Shell (UK/Netherlands).

But, how can any oil and gas company make such a bold statement? The pledges are definitely good news even though, as is often the case, the devil is in the details. Definition of “net zero” depends on what types of emissions are counted.

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