Question marks as Petronas delivers its first ‘carbon neutral LNG’ cargo

September 16, 2021

Dateline 2021-08-18, Energy Voice:

Malaysia’s Petronas has delivered its first ‘carbon neutral liquefied natural gas (LNG)’ cargo from its Bintulu export complex to Japanese utility Shikoku Electric at the Sakaide import terminal in Shikoku Island. Although question marks remain around whether the industry can really make LNG carbon neutral.

Petronas announces end of SRT MotoGP title sponsorship

September 10, 2021

Aright, Formula E is coming to Malaysia. PETRONAS, where do I sign up? And have you heard of this thing called ChemECar competition. Send me a blank check, er, call me up so we can talk about competitions taking into account UNSDG.

And to paraphrase the philosophy of an Islamic Hadith, if you take away a good thing, replace it with something equally good or better.

Dateline 2021-08-14, Autosport:

On Thursday night it was revealed that Petronas would end its support for SRT in the MotoGP world championship at the end of the current season, just three years into the squad’s career in the premier class.

The support will also end for the Petronas Sprinta Moto2 and Moto3 teams, with both outfits expected to be folded by SRT at the end of the year to safeguard the MotoGP project.

Malaysia’s Petronas eyes third floating LNG vessel amid upstream uncertainties

September 6, 2021

Dateline 2021-08-12,S&P Global:

Malaysia’s national oil company Petronas has issued a front-end engineering and design tender for a third floating liquefied natural gas or FLNG plant, for which bids are due in August from interested parties, according to sources with direct knowledge of the matter.

The FEED study is expected to kick off before the end of 2021 and lead to a final investment decision on the unit dubbed PFLNG Tiga during the second half of 2022, sources said. Petronas declined to comment.

POSCO International wins right to explore gas fields off Malaysian Peninsula

September 3, 2021


PM524 minefield?

Dateline 2021-08-10, Aju Business Daily:

 POSCO International, a trading arm of South Korea’s steel group, will work with Petronas, a Malaysian state oil and gas company, to explore gas fields in waters of the east coast of the Malaysian Peninsula.

In an international bid, POSCO International said it has won the right to explore and operate the PM524 minefield where Petronas already operates a gas field. The South Korean company aims to sign a product distribution contract within this year after coordinating with Petronas on detailed conditions.

POSCO International has picked promising mining areas by checking seismic waves and drilling data. The company will hold an 80 percent stake, along with the right to operate, while the remainder will be controlled by Petronas’ subsidiary, Petronas Carigali Sdn Bhd, a subsidiary of the Malaysian state company.

Design Begins for Malaysian Carbon Capture and Storage Project

September 2, 2021

Dateline 2021-08-09, The Maritime Executive:

The development of the first complete Carbon Capture and Storage (CCS) project, offshore Malaysia, is getting underway for the oil and gas company Petronas. The conceptual engineering design contract for the project was awarded to the global energy consultancy Xodus. 

The Kasawari CCS project, off the coast of Sarawak, will comprise the capture and processing of carbon dioxide (CO2) from the sour gas field development, which will then be injected in a depleted gas field. This project is a key element of PETRONAS’ aspiration of achieving net-zero carbon emissions by 2050.

Blamed: Petronas in firing line for Covid cluster in Sarawak: report

August 10, 2021

Dateline 2021-08-01, Upstream:

A Sarawak lawmaker has reportedly blamed national oil company Petronas for a new coronavirus outbreak in the state’s oil and gas town Bintulu in Malaysia.

Bintulu Member of Parliament Tiong King Sing claimed that the potentially fatal Covid-19 was found in many of those on board the Grade One Manjung 7 (GOM 7), a Malaysia-flagged anchor handling vessel that had been working for Petronas.

The vessel had entered Bintulu port in Sarawak, East Malaysia in early July.

Tiong alleged that the GOM 7 had failed to carry out the compulsory 14-day vessel quarantine upon arrival as stipulated by the State Disaster Management Committee (JPBN) and had also allowed workers to disembark or others to board during that fortnight.

Petrofac Brings Online East Cendor Offshore Field in Malaysia

August 6, 2021

Dateline 2021-07-30, Offshore Engineer:

Malaysian oil and gas firm Petronas said Friday that Petrofac had brought online the East Cendor field in Block PM304, 40 kilometers offshore Peninsular Malaysia.

The field was developed by Petrofac as the operator and Kuwait Foreign Petroleum Exploration Company and Petronas Carigali as partners.

East Cendor is the fourth in the series of development in Block PM304, after Cendor, West Desaru, and Irama. 

PETRONAS Carigali, Shell and PETROS EP awarded exploration acreage offshore Malaysia

August 5, 2021

A bit more clarity for yesterday’s post.

Dateline 2021-07-28:

PETRONAS has awarded Block SK437 offshore Sarawak, Malaysia to PETRONAS Carigali Sdn Bhd (PCSB), Sarawak Shell Berhad (SSB), and Petroleum Sarawak Exploration and Production Sdn Bhd (PSEP), a wholly-owned subsidiary of Petroleum Sarawak Berhad (PETROS).

Block SK437 is located to the southwest of the prolific Central Luconia province, measuring 2015 km2 in size and in water depths of up to 50 m.

SSB is the operator for Block SK437 PSC, with a 85% participating interest, while PCSB and PSEP hold 7.5% each. Both PCSB’s and PSEP’s interests are carried during the exploration phase. SK437 is a new addition to Shell’s existing interests in 15 production sharing contracts in Malaysia, of which eight are located off the coast of Sarawak, whilst the remaining seven are located off the coast of Sabah.

Jadestone gets approval for acquisition of Malaysia assets

July 30, 2021

Dateline 2021-07-16, ShareCast:

Asia-Pacific-focused oil and gas production company Jadestone Energy announced on Friday the satisfaction of all conditions required to complete its proposed acquisition of the peninsular Malaysia assets of SapuraOMV Upstream, including the approval of Malaysia’s national oil company Petronas.

US Think-Tank: China Coast Guard Harasses Malaysian Oil, Gas Operation Off Sarawak

July 26, 2021

Dateline 2021-07-08, Radio Free Asia (Is this like the Voice of America, Or Hanoi Hannah?)

Chinese coast guard ships since early June have been putting pressure on and harassing new Malaysian oil and gas projects in the South China Sea off Sarawak state on Borneo Island, a U.S.-based think-tank said in a report released this week.

Malaysian state-run oil company Petronas, which runs such off-shore operations, meanwhile announced on Wednesday that it signed a 10-year, U.S. $7 billion deal to provide liquid natural gas to a subsidiary of the China National Offshore Oil Corp.

That same day, the Asia Maritime Transparency Initiative issued a report alleging that ships from the China Coast Guard (CCG) have been “contesting” new Malaysian oil and gas development in waters off the coast of Sarawak.