Petronas: Easier access to cleaner energy with virtual pipeline system

October 9, 2020

Dateline 2020-09-08, The Star:

 As part of the company’s latest customer-centric solution to facilitate the growth of cleaner energy use across Peninsular Malaysia, Petronas recently launched the Virtual Pipeline System (VPS) solution via the Regasification Terminal (RGT) in Pengerang, Johor.

The VPS solution that was developed by the Gas & Power business of Gas and New Energy and marketed by Petronas Dagangan Bhd, delivers Liquefied Natural Gas (LNG) using trucks fitted with cryogenic tanks to off-grid customers.

Through the VPS solution, Petronas provides industries in Peninsular Malaysia that are not connected to the natural gas infrastructure with an option to switch to gas as an alternative form of cleaner energy.

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Posted by Wata

Tengku Zafrul: Govt committed to ensuring Petronas returns to profitability

October 8, 2020

hahahahahahahaha, to carry on from yesterday’s laugh. Or should it be (sad face) as this smacks of subsidy. To PETRONAS. To get profitability and dividends. From PETRONAS.

How about just not getting dividends for the next say 2 years and letting us service providers gracefully transition (with subsidies) to other industries?

Dateline 2020-09-06, Malay Mail:

The government is committed to ensuring that Petroliam Nasional Bhd (Petronas) is able to return to profitability, but it depends on world oil prices.

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the loss announced by Petronas two days ago were due to the fall in oil prices but for now they have shown an increase.

“If I am not mistaken, in March and April (Brent crude) oil price fell to US$20 per barrel. At least now there is an increase (in oil price) in the global economy … the projected oil price this year is about US$40 per barrel, so the projection is still within our range,” he told reporters here today.

Tengku Zafrul was commenting on Petronas’ announcement on its net loss of RM21 billion in the second quarter (Q2) ended June 30 2020, dragged by huge impairments on assets and weaker oil prices, against a profit of RM14.7 billion in the same quarter last year.

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Posted by Wata

Petronas CEO: Dividend payout to Malaysian govt will depend on affordability

October 7, 2020

Hahahahahahahahahaha (snort). Seriously, pigs have been equipped with jetpacks already?

Dateline 2020-09-04, Malay Mail:

National oil company, Petroliam Nasional Bhd (Petronas) says dividend payout to the government this year will depend on its affordability in light of the plunging oil prices and Covid-19 pandemic, which has taken a toll on its financial performance.

President and group chief executive officer Tengku Muhammad Taufik Tengku Aziz said Petronas’ year-end results would be the guidance to set the expectation and the group would have to deliberate on the board subject to the company’s affordability.

He also stressed that there is no pressure from the government on it given the unprecedented challenges that oil and gas companies were facing.

“This industry is volatile and like other oil and gas companies, the shareholders will tend not seeing so much returns.

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Posted by Wata

MOGEC GOLF CLINIC 2020 , 17th OCT 2020(SATURDAY), 8.00am & 2.30pm @ Puncak Alam Golf Driving Range

October 6, 2020

Guaranteed a fun learning experience from Malaysian Professional Golfers! 

RM150.00 per person for 3 hours including coach,golf balls,meals and network with industry players.

Date : 17th Oct 2020(Saturday)

Time: 8.00am & 2.30pm 

Venue: Puncak Alam Golf Driving Range 

Limited to 100 pax only ! Register now! 

We welcome corporate and individual sponsors. All sponsors names will be prominently displayed at the event.

Registration & Sponsorship form : 

https://forms.gle/pGCzdHrU3tixjqdU9

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Posted by mogecweb

Limbang among blocks where Petros may lead petroleum management

October 6, 2020

Dateline 2020-09-06, Malay Mail:

 The federal government is currently in discussions with Petronas for Petros to lead the petroleum management site regulations on onshore activities at blocks including Limbang.

Petros vice-president portfolio and planning Abang Arabi Abang Narudin disclosed this in reply to Deputy Minister of Transport and Limbang MP Hasbi Habibollah during a question and answer session at the Parti Pesaka Bumiputera Bersatu (PBB) Convention for the northern region here yesterday.

Hasbi said Chief Minister Datuk Patinggi Abang Johari Tun Openg had previously mentioned the possibility of oil being found in Limbang.

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Posted by Wata

Shout Out – MOGEC Golf Clinic

October 5, 2020

My organization will be having a Golf Clinic on 17th October 2020 (Saturday) at BOTH 8.00am & 2.30pm. Come along, and swing your club in front of other aspiring candidates! This will be at Pucak Alam Driving Range.

Help a brother out, we welcome corporate and individual sponsors. Let’s see, I need a recyclable big shopping bag, and a multitool…

mogec-golf-clinic-2020-flyerDownload

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Posted by Wata

Malaysia’s Petronas looks to reshape portfolio after quarterly loss

October 4, 2020

Wait, it made a loss 5 years ago? Last election?

Dateline 2020-0916, Reuters:

Malaysian state-owned energy giant Petroliam Nasional Berhad said on Friday it would reshape its portfolio after reporting its first quarterly loss in nearly five years following a coronavirus-related demand slump and lower oil prices.

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Posted by Wata

Dive Bidong 2002-08 2oo2

September 30, 2020

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Posted by Wata

Incident At PETRONAS LNG Complex In Sarawak

September 29, 2020

Dateline 2020-09-01, petronas.com:

Malaysia LNG Sdn. Bhd. (MLNG) wishes to confirm that an incident involving one fatality and one injury had occurred at PETRONAS LNG Complex, Sarawak at approximately 2pm on 31 August 2020. The incident occurred at the Acid Gas Removal Unit (AGRU) drain containment which is currently under maintenance. Both contractors were sent immediately to the hospital where it was confirmed that one of the contractors had passed away while the injured contractor is currently receiving medical treatment. 
Investigation is currently being carried out and all relevant authorities have been informed of the incident. The operations at PETRONAS LNG Complex remains unaffected and further information with regard to the investigation outcome will be provided in due course. 
MLNG is deeply saddened by the incident and we would like to extend our heartfelt condolences to the family of the deceased.

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Posted by Wata

SDMC: Non-Sarawakians in O&G industry entering state now required to undergo 14-day quarantine

September 28, 2020

I don’t know what the status is as of today, but hey.

Dateline 2020-09-01, The Borneo Post:

Non-Sarawakian workers in the oil and gas industry who are entering Sarawak will be required to undergo quarantine effective today, said the State Disaster Management Committee (SDMC).

It said in a statement that Malaysians from Peninsular Malaysia, Sabah and Labuan as well as non-Malaysians who are signing on from their platforms will be placed at a quarantine centre in the state for 14 days.

“An rT-PCR test will be taken on the second and tenth day of quarantine.

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Posted by Wata

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