ExxonMobil and Petronas explore CCS for Malaysia

December 6, 2021

I guess, the reduce, reuse, recycle part, ain’t making profits for these gigacorporations, and reinject is?

Dateline 2021-11-15, The Chemical Engineer:

EXXONMOBIL and Petronas are working together to explore opportunities for carbon capture and storage projects in Malaysia.

The partners said through their memorandum of understanding they will assess the viability of carbon capture projects in locations offshore Peninuslar Malaysia and share subsurface technical and infrastructure for pipelines, facilities and wells as they evaluate potential projects for storing, transporting and reusing capture CO2.

Adif Zulkifi, Petronas Executive Vice President and Chief Executive Officer of Upstream, said: “This collaboration is an important step to unlock the opportunities and potential of CCS in Malaysia through applied technologies and innovation, potentially helping us reach our net zero carbon emissions aspirations amidst an evolving energy landscape.”


November 23, 2021

How about paying people to STOP emitting greenhouse gasesd, among other SDGs. Follow the process safety mantra, remove, reduce, recycle, buy positive research.

dateline 2021-11-09, Natural Gas World:

ExxonMobil has signed a memorandum of understanding (MoU) with Malaysia’s state-owned Petronas on exploring the potential for carbon capture and storage (CCS) in the southeast Asian country, the US major reported on November 8.

The pair will consider potential CCS sites offshore Peninsula Malaysia, sharing technical and infrastructure data for pipelines, facilities and wells.

The MoU comes a week after ExxonMobil signed a similar preliminary agreement to identify CCS opportunities in Indonesia with state-owned Pertamina.

O&G players may form consortiums to bid for Exxon Mobil’s Malaysian assets

December 12, 2020

Can I join in, for old time’s sake? Us ex-Esso folks have some payback comin’.

Dateline 2020-11-17, The Edge:

SEVERAL local oil and gas (O&G) companies are understood to be interested in acquiring Exxon Mobil Corp’s assets in Malaysia, which are up for sale, but are said to be more comfortable forming consortiums to bid for these assets because of the hefty price tag of US$2 billion to US$3 billion (RM8.26 billion to RM12.39 billion).

A controlling shareholder of one of the larger companies says, “We are always on the lookout for assets, [but] no one company can go it alone [acquisition of Exxon Mobil’s assets], and no sensible management will make such a [risky] decision.”

Exxon eyes shortlist for Malaysian oil and gas assets

October 30, 2020

Dateline 2020-09-25, Oil & Gas 360:

Exxon Mobil has narrowed the list of bidders for its oil-producing offshore assets in Malaysia that could potentially raise $2 billion to $3 billion in a sale, according to people with knowledge of the matter.

U.K.-listed EnQuest Plc and Kuala Lumpur-traded Hibiscus Petroleum Bhd. are among those that have been chosen to submit binding bids for the assets, the people said. Other companies have also expressed interest, said the people, who asked not to be identified as the discussions are private.

Exxon Mobil started the process to sell its Malaysian assets last year as part of its global divestiture program, Bloomberg News has reported. It produces oil and gas in the Southeast Asian nation under four production sharing contracts with the state-owned Petroliam Nasional Bhd., according to its website.

Petronas seeks investors to revive Malaysian upstream as majors exit

October 26, 2020

Dateline 2020-09-22, Energy Voice:

After reporting a $5 billion loss, Malaysian national oil company (NOC) Petronas is eager to see new money flow into its domestic upstream sector, especially as the majors, such as ExxonMobil, seek to exit the Southeast Asian nation.

Industry sources told Energy Voice that Petronas – the sole manager of Malaysia’s oil and gas reserves – is exploring ways to open up its upstream sector to mid and late-life operators. Traditionally, the NOC, has been very particular about who can operate the country’s upstream assets, preferring giant players, such as Shell, ExxonMobil and ConocoPhillips.

But this mindset is changing as most of the major foreign companies have put their Malaysian assets up for sale. Petronas now needs to find new investors, especially companies with experience squeezing more oil and gas from ageing and marginal fields.

ExxonMobil exiting Malaysia to focus on Permian Basin

January 4, 2020

Dateline 2019-10-22, The Edge:

EXXONMOBIL Corp has confirmed that it is testing market interest in its upstream offshore assets in Malaysia as part of an ongoing evaluation and its plan to divest US$15 billion of its non-strategic properties by 2021.

However, Sukiman Mohamed, spokesperson for its Malaysian subsidiary, says no agreements have been reached and no buyer has been identified so far for the assets.

State oil firms’ new global O&G challenges

September 24, 2018

Dateline 2018-07-09, The Malaysian Reserve:

For over a decade from the early 1990s, Petroliam Nasional Bhd (Petronas) was the champion of national oil companies (NOCs) challenging the established order in the global petroleum industry.

Then, it was relatively unheard of for state oil firms to venture outside their national borders to prospect for oil and gas (O&G), strictly the domain of international oil companies (IOCs).

Established players like Exxon Mobil Corp, Royal Dutch Shell plc and BP plc became the giants that they are today by making the highly risky business of finding and extracting O&G resources from the ground their specialty.

ExxonMobil banks on local power generation

March 30, 2018

Dateline 2018-02-20, The Edge:

Over the years, ExxonMobil Inc has scaled down its operations here, being absent in the refinery and retail businesses. But there’s more to Malaysia for the oil major, said ExxonMobil Exploration and Production Malaysia Inc president and chairman Edward E Graham.

“We are still very active,” said Graham in an interview with The Edge Financial Daily. “Exploration still is [commercially viable]. There are areas that have yet to be explored in Malaysia, so that has some potential.”

Saturday Star 2017-03-11 – Job Opportunities

March 13, 2017

Happy Wata  IEM VP and Council Candidacy. Vote for me, and spread the word, wilya? IGL has pivoted into training, so book your seats now.

We’re thinking of republishing Young Turks of PETRONAS, but it’s a minimum 500 book printing run. Do I have enough interested persons to purchase?

Donate to your favorite charity (me), buy my recommendations, or through my Amazon store. Or get the Young Turks series (3 books until I can get YTP republished). Where are those corporate sponsors? Or throw donations at me, my camera dive case flooded, and I need a new replacement. Heck, if you want to send me a Canon 5D Mk III plus dive case, I will not say no.

  • I have a feeling that The Star isn’t the preferred O&G job recruitment portal now. I see more adverts via social media. What do you think, is it a step change that the papers need to embrace?
  • ExxonMobil Engineering Global Support is looking for Advanced Control Engineer, Chemical Engineer, Chemical Engineer (Butyl), Control Systems Engineer, Heat Transfer Engineer, Instrumentation Engineer, Licensing Technical Support Engineer, Machinery Engineer, and many others. Looks like downstream is the place to be. Register at http://www.exxonmobil.com/careers/my and visit the career fair at Grange St. Paul’s Hotel, London. Though if you can afford that, why you applying?
  • I’m looking for jobs for 2Q2017. Send me your POs.

Food choice of the week? I would suggest visiting Cicerello’s, Freemantle. Sponsor my flight and accomodation, so I can go there as well.

Seeing that Joe Dever has passed away, you may want to revisit his books:

Flight from the Dark (Lone Wolf, Book 1), Legends of Lone Wolf Omnibus 1, War of the Wizards (The World of Lone Wolf, Book 4)

Office space blues from oil and gas companies

January 29, 2016

Hey, I was part of the expat (pick your country) nightshift that helped move people into the building.

Dateline 2015-12-29, The Star:

The bleak long-term outlook of oil prices has gotten companies with operations in the Kuala Lumpur city centre readjusting their priorities in line with the situation.

ExxonMobil Exploration and Production Malaysia Inc is likely to join the list of companies that have embarked on cost cutting measures particularly in terms of office space.

Sources said the company may return several floors of a building it currently occupied in the city centre to KLCC Property Holdings Bhd (KLCCP) once its tenancy agreement expires in January 2017.

The 29-storey Menara ExxonMobil, which is next to the Petronas Twin Tower, has been leased to the company since 1997 and the oil and gas (O&G) giant is looking at occupying up to only half of the building.