November 28, 2022
Read between the lines.. CORAL ’23?
Dateline 2022-09-13, The Sun:
Oil & gas (O&G) players need to work together as stakeholders in the system to address the power crisis by providing clean, reliable, affordable energy, according to Petroliam Nasional Bhd (Petronas) president and group CEO Tengku Muhammad Taufik.
“What we are seeing today is an energy crisis, a food crisis, an inflation crisis and if left unchecked, all of these will converge into what we cannot contend with, which is a world security crisis,” he said in his keynote address at the Oil & Gas Asia (OGA) 2022, the Malaysia Oil & Gas Services Exhibition and Conference (Mogsec) and Petrochemicals Sustainability Conference (PSC) today.
July 18, 2015
What two cities we talking about here?
Dateline 2015-06-08, AOG:
The oil and gas industry is facing a tale of two cities as it is experiencing the best of times and yet the worst of times said the chairman of PETRONAS, Tan Sri Sidek Hassan in a meeting at Oil and Gas Asia (OGA) 2015.
He said that the industry’s output is growing at a rapid pace thanks to shale revolution that has transformed the US market.
The US now produces around 9 MMbbl/d, an 80% growth from the 5 MMbbl/d produced in 2008 and global oil demand is expected to increase by 1.1 MMbbl/d in 2015.
“Operating cost that shot up during the highs of US$115 oil price has not decreased as fast as crude oil prices and the industry estimates an anticipated layoff of over 100,000 people worldwide during this down cycle,” Sidek advised.
It might not be possible for us to predict with certainty what the oil price would be next month or next quarter, Sidek said, but we can prepare the industry to weather the fluctuations with what we do best, which is to continuously innovate.
July 16, 2015
Dateline 2015-06-03, TMI:
Malaysia External Trade Development Corp (Matrade) has so far achieved RM76.4 million in sales at the two-day incoming buying mission (IBM) session of the 15th Asian Oil, Gas and Petrochemical Engineering Exhibition (OGA), far exceeded its target of RM50 million.
Its Deputy chief executive officer Datuk Dzulkifli Mahmud said the response to the biennial IBM was satisfactory, considering dealings were done over two days.
June 23, 2013
Dateline 2013-06-05 from Bernama:
PETRONAS is optimistic on Malaysia’s oil and gas industry with the emergence of new technologies that facilitate greater oil and gas field explorations.
Chairman Tan Sri Mohd Sidek Hassan said industry players in the region were investing billions of ringgit to develop new technologies.
“There are more deepwater reserves discoveries (of late) as new technologies have aided previously uneconomical reserves to be revisited,” he told reporters at the opening of The 14th Asian Oil, Gas and Petrochemical Engineering Exhibition (OGA 2013) here today.