OGSE investments cross MPRC’S RM650m target

August 6, 2017

Dateline 2017-06-24, NST:

Malaysia Petroleum Resources Corporation (MPRC) has surpassed its target of RM650 million and brought in RM683.7 million worth of oil and gas services and equipment (OGSE) investments last year.

The governing body said it remained on track in its efforts to strengthen the OGSE industry in order to develop greater resilience and global competitiveness.

Last year, MPRC facilitated the establishment of regional headquarters for three OGSE multinational companies (MNCs) in Malaysia and assisted nine OGSE companies to bid for oil and gas (O&G) projects in six countries.

MPRC’s Corporate Report 2016, which was published on June 1, also highlighted the efforts to spur innovation and technology development across Malaysia’s OGSE supply chain.

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Right time for oil and gas players to consolidate: MPRC

May 9, 2017

Ws that the best picture they could get of Syed Azlan?

Dateline 2017-04-27, NST:

WITH crude oil prices at a relatively plateau level, the time is right for oil and gas players to collaborate or consolidate, said Malaysia Petroleum Resources Corp (MPRC) senior vice-president Syed Azlan Syed Ibrahim.

“Although we foresee 2017 will not be far off than 2016, I do not think it will be worse. This is the opportunity for players to make the hard decision to restructure or reform. That time is now.

“They need to do it now so that when the market goes back up they will be ready,” he said after the MPRC business seminar, here, on Friday.

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MPRC study shows Malaysian O&G companies more resilient than regional peers

April 19, 2017

Kipidap, as Rani Kulup would say.

Dateline 2017-03-06, The Edge:

The abrupt steep fall in global oil prices that has forced industry players to adjust to the “new normal” — low crude prices coupled with high cost pressures, Malaysian oil and gas services and equipment (OGSE) companies in fact fared better than regional and international players.

Speaking at the exclusive briefing organised by Malaysia Petroleum Resources Corp (MPRC), Malaysian Offshore Vessels Owners’ Association president Amir Hamzah Azizan said that the analysis showed the national oil and gas (O&G) industry is still resilient and stands a greater chance compared with other markets to rise from the current industry downturn.

“Let’s see this as an opportunity for our industry and country to rise from this downtrend. The landscape is changing globally but there is still great value in the industry,” Amir said.

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Pengerang has potential as largest oil and gas hub in Asia

April 6, 2017

Yeah, Yazid!

Dateline 2017-02-24, Malay Mail:

The subdistrict of Pengerang in Johor thrives as a downstream oil and gas industry hub, with investment worth billions of ringgit as a result of brilliant strategies introduced by Johor Petroleum Development Corporation Berhad (JPDC).

JPDC, a subsidiary of Malaysia Petroleum Resources Corporation (MPRC), has a big hand in the development of the Pengerang Integrated Petroleum Complex (PIPC).

The complex situated in Pengerang, which sprawls over 8,093 hectares of land, is an integrated hub with an investment potential of RM221 billion (US$52 billion). Its facilities include liquefied natural gas (LNG) and petrol storage tanks, petrochemical plant, regasification plant, refinery, power plant and facilities to decompose naphthalene.

“JPDC is optimistic that it will attract more investment to PIPC,” said its chief executive Mohd Yazid Jaafar.

 

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Marketing Rounds – MPRC MINT#3

September 30, 2015

The MPRC hosted a MPRC Industry Networking and Talk  (MINT) on “O&G Services and Equipment (OGSE) Companies Going Global” On Thursday, 20th August, 2015. It was a presentation by MATRADE, plus a discussion panel.

You should go to the next one, and rub shoulders with giants. The runt in the crowd would be me, crouch down and say hi.

IMG_20150820_142406_HDR-001 IMG_20150820_142245_HDR-001 IMG_20150820_154712_HDR-001 IMG_20150820_154707_HDR-001

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MPRC applauds Platts’ move towards FOB Straits benchmark

August 23, 2015

Why isn’t Abang Yazid a Datuk yet?

Dateline 2015-07-07, The Borneo Post:

The Petroleum Resources Corporation (MPRC) has applauded Platts’ recent move to approve four terminals in southern Malaysia as part of the free-on-board (FOB) Straits oil benchmark pricing which is the process of price assessment for refined oil products.

The four terminals are Pasir Gudang, Tanjung Langsat, Pengerang and Tanjung Bin.

In a statement yesterday, MPRC said with the FOB Straits, market participants would have broader options for loading terminals from which to meet an approved FOB Straits bid.

“As a result, all market participants will benefit from a more efficient market with more transparent price discovery,” it said.

Platts is a global energy, petrochemicals and metals information provider with a premier source of benchmark price reference.

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More consolidation seen in O&G industry

August 1, 2015

Check out the gentleman in the article’s picture.

Dateline 2015-06-13, The Star:

It will be driven by current weak oil price, as companies need to grow in terms of size and capability to stay competitive

IT is hard to predict when oil prices will rise to more profitable levels again.

But with the economic reasons behind the collapse of global crude oil prices unlikely to go away anytime soon, industry players will just have to brace for a prolonged period of tough business environment.

To remain in the game, many will likely seek consolidation or other merger and acquisition (M&A) exercises.

In Malaysia, such trend is already emerging, with industry observers regarding Dayang Enterprise Holdings Bhd’s buyout offer for Perdana Petroleum Bhd last month as the start of a consolidation phase for the local oil and gas (O&G) sector.

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