LETTER | Malaysia’s O&G assets lost at South China Sea

January 11, 2023

Dateline 2022-10-08, Malaysiakini:

Ongoing debate and disputes over the territorial waters of the South China Sea (SCS) may now have escalated to the point where Malaysia is set to lose out on its oil and gas assets in the region.

As one of the main economic contributors to the country, Malaysia cannot afford to lose these assets and there is a need for a “wake-up call” for Malaysia to aggressively act now and defend its oil and gas assets at the SCS region rather than taking a “soft diplomatic” approach over the situation.

PTTEP’s drilling offshore Malaysia stokes China’s ire

December 3, 2021

Dateline 2021-11-15, Energy Voice:

China has again been contesting Malaysian oil and gas activity in the South China Sea. This time Beijing has been targeting Thai state-backed upstream player PTT Exploration & Production’s (BKK:PTTEP) upstream drilling operations offshore Sabah.

A Chinese survey ship, the Da Yang Hao, was sent to waters within Malaysia’s continental shelf to carry out its own survey. “The apparent trigger for its deployment were the activities of the West Capella, a drillship no stranger to oil and gas standoffs, contracted since July by Thailand’s PTTEP for drilling in the Siakap North Petai oil field in Malaysia’s Block K,” the Asia Maritime Transparency Initiative (AMTI) said in its latest report.

Petronas to send first carbon neutral LNG to China’s Shenergy

October 25, 2021

Dateline 2021-10-01, Capital.com.

Petronas LNG, a subsidiary of Malaysia’s state-owned oil and gas major Petronas, signed an agreement with China’s Shenergy Group for the delivery of carbon-neutral liquefied natural gas (LNG) cargoes from Petronas LNG Complex in Bintulu, Sarawak, Petronas, according to its statement on Thursday. 

The deal is the oil giant’s first delivery of carbon-neutral super-chilled gas to China. The firm would deliver the cargoes to Shenergy’s terminals in Shanghai between October 2021 and March 2022, the company release added.

Last month, Petronas shipped its first carbon-neutral LNG cargo to Japan.

China’s aggression amid global crisis

July 7, 2020

Dateline 2020-07-11, Inquirer:

On April 16, China’s Haiyang Dizhi 8 survey ship reportedly entered waters near Malaysia. The next day, the ship was seen close to the West Capella oil exploration vessel operated by Malaysia’s oil company, Petronas. Malaysia’s foreign minister Hishammuddin Hussein called for disputes in the strategic waterway to be resolved “peacefully.”