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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Chemical engineers do good

November 28, 2020

Dateline 2020-11-08, The Star:

PETRONAS was victorious in four out of eight categories at the Institution of Chemical Engineers (IChemE) Malaysia Awards 2020.

During the organisation’s first ever virtual Malaysia Awards ceremony, held on Oct 19, the oil and gas giant also secured four highly commended entries.

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Petronas CEO Prepares for Industry’s ‘Great Reset’

November 27, 2020

Dateline 2020-11-06, Petroleum Intelligence Weekly:

Tengku Muhammad Taufik was appointed CEO of Petronas in July 2020 as the Covid-19 crisis was taking its toll on the global energy industry, forcing oil companies to rethink both short- and long-term planning due to concerns about future demand. He discussed the Malaysian state oil company’s strategy for dealing with the pandemic and the low-carbon energy transition at this year’s Energy Intelligence Forum. Select excerpts follow below.

Q: How is the company tackling the short-term demand uncertainty, the safety issues stemming from the coronavirus, and all these talks of the energy transition?

A: Within the corridors of Petronas we call this the “great reset,” and I do not think it is an understatement as many have described the confluence of events as unprecedented. We believe that the industry’s shape, structure, and behavior will be impacted long into the future by this pandemic. There needs to be both a short-term response as well as a medium to long-term strategy. In the short-term, we must address as an ultimate priority the safety and health of our employees.

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