Repsol Weighs Potential Sale of Malaysian Assets

March 11, 2020

Dateline 2020-01-10, Rigzone:

Repsol SA is exploring options for its Malaysian upstream operations including a potential sale as the Spanish oil company reviews its global portfolio, according to people familiar with the matter.

The Malaysian assets could attract interest from other energy companies in the region, the people said, asking not to be identified because the matter is private. The asset review comes as Repsol is working on a new strategic plan, which is expected to be presented in the first half of the year.

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B20 biodiesel programme debuts in Langkawi

March 10, 2020

Dateline 2020-01-09, Malaysian Reserve:

THE B20 biodiesel programme has begun in Langkawi, Kedah, for the transportation sector beginning Jan 1, 2020, said Primary Industries Minister Teresa Kok (picture).

In a statement yesterday, Kok said the next state or federal territories to implement the B20 programme is Labuan, Sabah, which will also be introduced this month.

“We would like to announce that Langkawi has begun using the B20 biodiesel blend of methyl ester for the transportation sector.

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2010 > 2019: Decade of Disruption – Oil and gas — a tale of two extremes

March 9, 2020

The maths in the title is atrocious. Par for interns?

Dateline 2020-01-06, The Edge:

THE 2010s have certainly been volatile for the oil and gas sector. The first half presented the best years in the business, followed by one of the largest oil price shocks in modern history, which humbled the industry into accepting the “lower for longer” prices seen today.

Two narratives pushed crude oil prices to two extremes: few predicted that the US’ venture into shale oil would propel the country back onto the top producers list, and the response of market leader Saudi Arabia to this development that shook the industry.

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Oil & gas contract awards set to recover this year

March 8, 2020

Dateline 2020-01-05, The Sun:

Contract awards for the oil & gas sector are expected to recover after a decline in Q4 2019, said AmInvestment Research (AmResearch).

Malaysia’s 2019 contract awards slid 6% year-on-year (yoy) to RM11.5 billiion due to slower order flows in Q4, which fell 35% quarter-on-quarter (qoq) and halved yoy to RM2.2 billion.

This followed multiple awards to Sapura Energy, Malaysia Marine & Heavy Engineering Holdings (MMHE) securing a RM2.5 billion Kasawari central processing platform job and Bumi Armada’s 30% stake in ONGC’s KG-DWN 98/2 FPSO charter in the previous quarter.

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Seda strengthened renewable energy growth in 2019

March 7, 2020

Dateline 2020-01-04, Malay Mail:

Sustainable Energy Development Authority (Seda) Malaysia has approved a total of cumulative net energy metering (NEM) programme quota of 108MW as of November 2019.

Seda Malaysia chairman Wong Kah Woh said the total approved quota portrayed a positive growth of 7.8 times increment, to compare with the previous three years, which only stands at a 13.86MW take-up rate.

“This success is largely contributed by the newly improved NEM 2.0 programme,” he said in a press release on Seda Malaysia’s Report Card 2019.

Meanwhile, the cumulative NEM approved in 2019 was the highest at 94.14MW in 2019 as compared to 11.53MW in 2018, 2.33MW in 2017 and 0.01MW in 2016.

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Postponement of Petrol Subsidy Programme generates mixed reaction from economists

March 6, 2020

Dateline 2020-01-04, Malay Mail:

The decision by the government to postpone the implementation of the Petrol Subsidy Programme (PSP) this month has elicited mixed reaction from economists.

The postponement was to enable briefing sessions to be continued to create awareness and prepare the public for the implementation of the programme, according to the Domestic Trade and Consumer Affairs Ministry.

The ministry in a statement dated December 30, 2019, said its decision would provide time for the registration of subsidy beneficiaries, which will be undertaken by the Finance Ministry.

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Minister: Malaysia set to maximise green industry, renewable energy potential in 2020

March 5, 2020

Dateline 2020-01-03, Malay Mail:

Malaysia is set to maximize the potential of its green industry and renewable energy sector in 2020 to attain its objective of becoming South-east Asia’s green technology hub in the near future.

The commitment was spelt out by Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin who is determined to drive Malaysia to become a leader in the industry.

“We have done a lot about the renewable energy and green industry because we have a very clear target to achieve,” she said.

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Petronas Mulls Global Bond Sale After Five-Year Hiatus

March 4, 2020

Dateline 2020-01-03, Bloomberg:

Petroliam Nasional Bhd., Malaysia’s state-owned oil company, is considering selling global bonds for the first time in nearly five years, according to people with knowledge of the matter.

Petronas, as the company is known, asked banks to submit pitches for the proposed dollar-denominated, benchmark-sized bonds last month and is expected to pick advisers soon, said the people, asking not to be identified as the discussions are private.

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More oil and gas contracts for Malaysian players in Q1 2020: Report

March 3, 2020

Dateline 2020-01-03, Business Times:

MALAYSIAN oil and gas service providers can expect contract awards to improve in the first three months of the new year, compared with the decline in 2019 – on the back of not just seasonal lumpiness in the first and fourth quarters, but also momentum from longer-term projects.

That’s according to a recent report by AmBank analyst Alex Goh, who noted that Saudi Aramco has picked Sapura Energy and Malaysia Marine & Heavy Engineering Holdings for its long-term agreement programme – opening up the field to offshore projects in Brazil, Mexico, the Middle East and West Africa that may be worth as much as US$150 billion over the next decade.

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As 2020 comes a-knocking, whither Malaysia’s nuclear power plan?

March 2, 2020

Dateline 2020-01-03, Malay Mail:

Whatever happened to Malaysia’s plan to have our own nuclear plants by 2030?

As the year 2020 approaches, I for one cannot help but notice how this project has yet to see the light of day.

The plan was first introduced in 2012, and was led by the Malaysia Nuclear Power Corporation (MNPC) that was established a year prior.

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