February 21, 2017
Dateline 2017-01-24, Hellenic Shipping News:
JX Nippon Oil & Energy Corp said its venture with Malaysian state oil firm Petronas has started commercial operations at the ninth liquefaction train at the Petronas LNG complex in Bintulu, Sarawak.
The train, with a production capacity of 3.6 million tonnes of LNG per year, started on Jan. 1.
The launch of the ninth train comes at a time when U.S. LNG exporters are sending tankers to Asia to fill a gap in the region’s demand as markets have tightened more-than-expected on surging consumption in China and Pakistan, and because of Australia’s struggles to ramp up production.
But still, the LNG market remains well supplied, with available LNG capacity standing 45 percent above demand last year, according to Reuters Eikon data.
JX Nippon Oil, a unit of Japan’s biggest oil refiner JX Holdings, last June bought a 10 percent equity stake in a Petronas subsidiary that was developing the ninth train in Malaysia’s Sarawak state.
February 14, 2017
Dateline 2017-01-23, Your Oil & Gas News (yup, that’s the name):
JX Nippon Oil & Energy (JX NOE) is pleased to announce that PETRONAS LNG 9 Sdn Bhd (PL9SB) commenced commercial operations on 1st January.
Last June, JX NOE purchased a 10 per cent stake in PL9SB, which owns the ninth LNG liquefaction train within the PETRONAS LNG Complex in Bintulu, Sarawak, Malaysia. The train has a production capacity of 3.6 million tonnes per annum.
JX NOE’s entry into PL9SB marked its second participation in PETRONAS’ LNG projects, in addition to its existing 10 per cent equity interest in MLNG Tiga Sdn Bhd.
With the addition of the state-of-the-art liquefaction plant owned by PL9SB, the PETRONAS LNG Complex now has the capacity to produce approximately 30 million tonnes per annum. The strategic partnership of JX NOE and PETRONAS will strive towards expanding the LNG business and ensuring a reliable supply of energy for the customers.
August 10, 2016
Dateline 2016-06-28, Offshore Engineer:
Japan’s JX Nippon Oil & Gas Exploration (Malaysia) is gearing up to drill three wells offshore Malaysia after agreeing a contract for the rig for the campaign.
JX Nippon is to hire the semi-tender drilling rig SKD Berani from a SapuraKencana Petroleum subsidiary.
The contract with be for a minimum 150 days and has two option wells. The contract is expected to start by July 2016.
JX Nippon acquired blocks SK10 and SK8 offshore Sarawak, Malaysia, in 1987 and 1989 respectively. In 2012 and 2013, the firm also acquired deepwater Blocks R (offshore Sabah), 2F and 3F (offshore Sarawak).
The SKD Berani is able to drill to 6000ft water depth and was built in 2006 at Keppel Offshore & Marine in Singapore.
SapuraKencana has also announced a number of other contracts. SapuraKencana Drilling Jaya has accepted an extension to its contract with BP Trinidad & Tobago (BPTT) for the provision of the semisubmersible SKD Jaya. BPTT has extended the use of SKD Jaya for its development drilling campaign offshore Trinidad & Tobago for an additional one well for approximately 45 days, and additional work on an existing well for approximately 60 days.
In addition, SapuraKencana HL won a contract by Selex ES Malaysia, for the provision of FEED and EPCIC of the Radio Shortwave Support System project for Petronas Offshore Facilities off the west coast of Sabah, for 19 months.
July 1, 2016
Dateline 2016-06-03, Nikkei Asian Review:
JX Nippon Oil & Energy will work with Malaysian state-run oil company Petronas to tap the Southeast Asian market for liquefied natural gas, aiming to take advantage of rising demand fueled by economic growth.
The Japanese company will invest roughly 60 billion yen ($552 million) in the operator of an LNG plant to be built by Petronas in northern Borneo. The plant, to debut in 2017, will have an annual capacity of 3.6 million tons, equivalent to 10% of Malaysia’s LNG market.
The LNG will be sold through a Petronas subsidiary to local power companies as well as to gas companies in Japan, South Korea and Taiwan. JX Nippon Oil plans to team with Petronas to market to other Southeast Asian countries as well. The Japanese company hopes to earn more than 100 billion yen over the life of the contract, which runs until 2037.
June 26, 2016
Man, can you feel the hate to THHE? Though, in this case the hate seems to be in the article title, not the actual article itself.
Dateline 2016-06-01, Rigzone:
TH Heavy Engineering Berhad, an offshore oil and gas facilities fabricator, clarified Tuesday that the firm is not aware of the one year extension given by Japan’s JX Nippon Oil & Gas Exploration (Malaysia) Ltd. to complete the floating, production storage and offloading (FPSO) unit for the Layang field in Block SK10 offshore Sarawak, Malaysia as reported May 28 by a local media, it said in a filing on Bursa Malaysia.
May 9, 2015
Dateline 2015-04-07, Offshore Engineer:
Japanese exploration firm JX Nippon Oil & Gas Exploration’s Malaysia subsidiary is planning two further exploration wells offshore Malaysia after confirming a deepwater oil discovery.
The Bestari-1 exploration well, the first drilled in Deepwater Block R (the Block), found 70m of oil bearing sands across multiple Miocene-aged formation horizons.
The Block, offshore Sabah, East Malaysia, covers 672sq km in 100-1400m water depth, in an area where the Kikeh and the Gumusut-Kakap oil fields were discovered.
Reservoir depth ranges from 1860-2702m below sea level and preliminary wireline evaluation highlighted good reservoir properties, said JX Nippon.
July 4, 2014
Dateline 2014-05-12, Reuters:
JX Nippon Oil & Gas Exploration Corp said on Monday it had decided to develop Layang gas field off the coast of the Malaysian state of Sarawak on Borneo island for an undisclosed sum, aiming to start production in April-June 2016.
Layang field, which is located about 8 km (5 miles) east of Helang gas field, now under production, in the same SK10 block, will have a floating production, storage andoffloading system (FPSO) installed, the company, a wholly-owned unit of JX Holdings, said in a statement.