PETRONAS launches liquefied natural gas virtual pipeline system

October 13, 2020

Dateline 2020-09-09, Hydrocarbons Technology:

Oil and gas firm Petroliam Nasional Berhad (PETRONAS) has launched its liquefied natural gas (LNG) virtual pipeline system (VPS) via its regasification terminal in Pengerang in the Malaysian state of Johor.

The project, which is the company’s latest customer-centric solution, aims at facilitating the growth of cleaner energy use across Peninsular Malaysia.

Developed by the Gas and New Energy business Gas & Power and marketed by Petronas Dagangan Berhad, the VPS solution delivers LNG using trucks equipped with cryogenic tanks to off-grid customers.

…

Leave a Comment » | oil and gas | Tagged: , | Permalink
Posted by Wata

Bakong gas field goes onstream offshore East Malaysia

October 12, 2020

Dateline 2020-09-03, Offshore:

 SapuraOMV Upstream says production is now stable from its Bakong gas field offshore Sarawak, which came onstream in June.

Bakong is part of the same SK408 production-sharing contract (PSC) as the company’s operated Larak gas field, which entered production started last December, and the Shell-operated Gorek field which came online this May.

Phase 1 of the SK408 development is now fully onstream. Under a long-term agreement with Petronas, the PSC partners are exporting the gas to the Petronas LNG complex in Bintulu, Sarawak.

Leave a Comment » | oil and gas | Tagged: , , , , | Permalink
Posted by Wata

Free Safety Standards E-Learning Course Launched

October 11, 2020

PSA. Though it is for the nuclear (known in Dune as atomic) industry.

Dateline 2020-09-09, Malaysia Sun:

The IAEA has launched a new online learning course specific to the IAEA safety standards in order to provide interested stakeholders a better understanding of the basis of the safety standards, how they are developed and how they are used and applied in the peaceful uses of nuclear applications.

“The newly developed e-learning course, The IAEA Safety Standards Overview, provides an ideal introduction to the purpose and scope of the IAEA safety standards,” said Juan Carlos Lentijo, Deputy Director General for Nuclear Safety and Security of the IAEA, adding that “the course highlights the safety objective and the ten safety principles that form the basis of the safety standards. The course also explains the hierarchy and structure of the safety standards series.”

Leave a Comment » | nuclear | Tagged: | Permalink
Posted by Wata

Do not cry, Petronas. It is just a cycle…

October 10, 2020

Mark this writer. He believes it just a cycle. I posit the cause of the hit are non-cyclic events. Perhaps he will have a different opinion if s/he is personally affected by The Cooties, not in a good way.

Dateline 2020-09-07, Malaysian Reserve:

IN 2014, the world’s oil market crashed, sending the industry into tatters. The oil price plunge of 2014 came after more than six years of above US$100 (about RM415) a barrel oil price average.

After the spike of oil price after 2008, producers were demonised to ride the high price, pumping more oil and gas (O&G) from the ground, leading to an oil glut before prices fell like a meteor shower. Brent oil prices plummeted from US$120 to US$28.55 a barrel in January 2016.

It is a great plunge considering that crude oil spiked to more than US$160 per barrel after 2008.

…

Leave a Comment » | oil and gas | Permalink
Posted by Wata

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.

…

Leave a Comment » | oil and gas | Tagged: , , , | Permalink
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.

…

Leave a Comment » | oil and gas | Tagged: , | Permalink
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.

…

Leave a Comment » | oil and gas | Tagged: , | Permalink
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

Leave a Comment » | oil and gas | Permalink
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.

…

Leave a Comment » | oil and gas | Tagged: , , , , , | Permalink
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

Leave a Comment » | engineering | Permalink
Posted by Wata

« Previous Entries
Next Entries »