Malaysia’s Petronas completes first LNG bunkering operation at Pengerang

December 17, 2018

Dateline 2018-11-02, SPGlobal:

Malaysia’s state-owned Petronas has completed its first LNG bunkering operation at the Pengerang LNG terminal, an achievement that reaffirms the company’s efforts to compete in a key growing segment, where neighboring Singapore has invested heavily.

PETRONAS Activity Outlook 2019-2021

December 16, 2018

If you can’t find it, here is the link:

PETRONAS Activity Outlook 2019-2021

Also, why is the PETRONAS website not https: compliant? That’s one way to drop down the G’s search rankings.

Petronas should conserve finances

November 26, 2018

And what happens to us bottom feeders?

Dateline 2018-10-04, Sun Daily:

IS the decision by Petroliam Nasional Bhd (Petronas), to pay a sharply higher dividend this year to the Federal Government financially prudent and sustainable in the medium term?

Buoyed by a stunning 71.5% jump in net profit to nearly RM23 billion for the first half of this year, the national oil company announced it will pay RM24 billion in dividends to the Federal Government this year – a 50% hike from the RM16 billion level last year.

Higher dividends are financially feasible this year because oil prices have increased markedly and are likely to remain elevated in the short term.

This is due to the combined impact of US sanctions against Iran – resulting in possibly 1.5 million barrels per day (bpd) withdrawn from the market effective Nov 4 this year – hiccups in Venezuela’s oil production and major producer Saudi Arabia’s inability or refusal to raise output immediately to meet this shortfall in supply.

On Monday, Brent crude oil futures closed at US$84.98 (RM351.81)/barrel. Post settlement, prices strengthened to US$85.45 – the first time that prices exceeded the US$85 level since November 2014.

Volatile landscape amid rising oil prices: Petronas

November 22, 2018

Dateline 2018-09-25, NST:

Local oil, gas and energy players are urged to tread carefully and respond cautiously towards the uptrend seen in the crude oil prices, as volatility are expected to continue due to trade wars and geopolitical risks.

Petroliam Nasional Bhd (Petronas) president and chief executive officer Tan Sri Wan Zulkiflee Wan Ariffin said despite improving outlook, which saw a spike in Brent oil prices hitting the 4-year high at US$80 a barrel this morning, it is important to be mindful of the unpredictable industry landscape.

“Currently, the outlook for the oil and gas industry is also improving. Year-to-date Brent is at US$72 per barrel, a significant sharp increase from the average of US$54 per barrel in 2017 and the oil and gas sector here seems to be responding positively.

Aramco plans to ship first crude oil to Malaysia JV refinery in Oct

November 19, 2018

Did they ship?

Dateline 2018-09-04, Nasdaq:

Saudi Aramco plans to deliver the first crude oil cargo to its joint-refinery project with Petronas in Malaysia in October as the companies prepare for trial runs at the new plant, several sources with knowledge of the matter said on Tuesday.

The project, Refinery and Petrochemical Integrated Development (RAPID), is a $27 billion complex located between the Malacca Strait and the South China Sea, conduits for Middle East oil and gas bound for China, Japan and South Korea.

Hard work pays off for Petronas education sponsorship recipient

November 18, 2018

Dateline 2018-09-03, Borneo Post:

Nur Maisarah Kusdi, 18, a former SMK Tamparuli student, has always wanted to be an engineer — chemical engineer to be exact and has worked hard to achieve her dream.

“I love Chemistry and Physics. When I was offered the Petronas Education Sponsorship Programme (PESP) to pursue Chemical Engineering at Universiti Teknologi PETRONAS (UTP), I accepted it whole-heartedly although at that time I also had an offer from another institution,” she said.

Petronas to provide input to attract O&G investments

November 16, 2018

Dateline 2018-09-03, The Malaysian Reserve:

Petroliam Nasional Bhd (Petronas) has given its commitment to provide the necessary input to all oil and gas (O&G) stakeholders, particularly on the expected higher oil royalty arrangement, to ensure that Malaysia remains an attractive destination for O&G investments.

Its president and group CEO Tan Sri Wan Zulkiflee Wan Ariffin (picture) said while Petronas is not privy to the discussions taking place between the federal and state governments on related issues, it will continue to provide its views on all possible scenarios.

“What’s important is to remember that we need to keep the O&G industry in Malaysia resilient and Malaysia as an attractive investment destination for foreign O&G companies,” Wan Zulkiflee told members of the press at Petronas’ Kuala Lumpur headquarters last Thursday. “We do not want the production sharing contractors (PSCs) to be impacted because we want Malaysia to still be an attractive investment destination.”

Petronas, as the national energy company, is responsible for the exploration, extraction, refining and marketing of Malaysia’s petroleum resources, which it undertakes via production sharing schemes. This involves the participation of other oil firms in the country’s O&G space, such as Royal Dutch Shell plc, Exxon Mobil Corp and Murphy Oil Corp.