New partnerships as oil, gas majors forge ahead

July 19, 2019

Dateline 2019-06-21, NST:

Oil and gas majors are transitioning into new energy portfolios and partnerships as pressure mounts for business growth and environmental sustainability.

In an interview with The New Straits Times, Petroliam Nasional Bhd (Petronas) vice president of refining and trading Mohd Yusri Mohamed Yusof said that the global energy landscape is going through structural changes – and trends are emerging with new business and partnership models, as risks, and returns are being weighed out.

“It is a transition – from what was categorically upstream, and downstream businesses monetising hydrocarbons, to now, the inclusion of other energy supply sources in the mix,” said Yusri who is also the chairman of the Asia Oil and Gas Conference (AOGC) 2019 organising committee.

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Petronas starts naphtha cracking unit at new Pengerang oil refinery — sources

July 17, 2019

Dateline 2019-06-19, The Edge:

Malaysian state oil company Petroliam Nasional Bhd or Petronas, and Saudi Aramco, have started operations at their new 1.2-million-tonnes-per-year naphtha cracker, multiple sources familiar the matter said on Wednesday.

The sources added that naphtha was imported this month specifically for the cracker, which had started recently though, an exact time frame could not be confirmed.

Petronas did not immediately respond to a request for comment.

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Oil royalty: Some issues need to be discussed with federal govt, says Kelantan MB

June 30, 2019

Dateline 2019-05-21, Malay Mail:

The Kelantan government hopes that its oil royalty lawsuit against Petroliam Nasional Berhad (Petronas), which has been withdrawn, will be fully settled soon.

Mentri Besar Datuk Ahmad Yakob said the matter should have been settled by now, but due to some technical issues, it had not.

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Sabah-Sarawak Gas Pipeline Shit for Maintenance

June 29, 2019

Yes, I have the evidence to prove it. I suggest that firing your spell checker is not a good idea.

Dateline 2019-05-21, AOG:

Malaysia’s state oil and gas company Petroliam Nasional Bhd said on Tuesday it has shut the Sabah-Sarawak gas pipeline that feeds gas to its liquefied natural gas (LNG) complex at Bintulu in the state of Sarawak as part of maintenance work.

Operations will resume when the maintenance work is completed, said Petronas, as the company is popularly known, in a statement, without specifying how long works would take.

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Capture AOG 2019-05-21.PNG

 

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Kelantan drops suit against Petronas, but not federal government

June 25, 2019

Dateline 2019-05-18, Malay Mail:

Kelantan has withdrawn its oil royalty lawsuit against national petroleum company Petronas, the state government’s lawyer Aleeya Elyana Ahmad Mahreez confirmed.

But she said the PAS-led state government is proceeding with the lawsuit against the federal government, which is named as the second defendant, Berita Harian reported today.

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Malaysia’s Petronas acquires Singapore-based solar power company Amplus Energy

June 7, 2019

You know, this tells you a lot about what Malaysia’s steward of petroleum resources thinks of Malaysia’s petroleum resources. Can I tak over the job of steward, like Denethor awating the return of a king? And when you gonna open the SWEC code for RE?

Dateline 2019-04-15, Reuters:

Malaysian state-owned oil and gas firm Petronas said on Monday it had acquired a Singapore-based solar energy company as part of a strategy to move into renewable energy, chasing high-growth business to complement its mainstay operations.

The solar company, Amplus Energy Solutions Pte Ltd or M+, specialises in rooftop and ground-based solar power projects with a cumulative capacity of over 500 megawatt (MW) under operation and development. It has projects across India, the Middle East and South East Asia, according to a statement from Petronas.

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Fire at Petronas’ RAPID oil refinery quickly tamed

May 28, 2019

Dateline 2019-04-12, Reuters:

A fire was brought under control early on Friday after an explosion at a Malaysian oil refinery being developed by state oil firm Petronas, which was testing its facilities ahead of planned commercial operations later this year.

RAPID, or Refinery and Petrochemical Integrated Development, will anchor the Pengerang Integrated Complex (PIC) and is Petronas’ biggest domestic investment, made in a 50-50 partnership with Saudi Arabia’s state-owned Saudi Aramco.

The explosion and fire occurred at about 1:25 a.m. on Friday (1725 GMT on Thursday) at the plant’s atmospheric residue desulphurisation unit (ARDS), which is in its commissioning stage, Petronas said in an updated statement.

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Malaysian government, Petronas form offshore security initiative

May 23, 2019

Dateline 2019-04-05, Offshore:

Petronas has entered a collaboration with the Malaysian Maritime Enforcement Agency to safeguard the country’s offshore oil and gas facilities.

Abdul Jalil Zainul, Petronas’ Head of Strategic Relations said the aim was to avoid incidents such as maritime accidents, encroachment and fish bombings, and potential crises or disasters within the oil and gas operation areas.

“There are close to 300 offshore oil and gas facilities in the South China Sea, with numerous safety and security challenges,” he said, “and most of these threats were found to occur within the safety zone and restricted areas surrounding the offshore upstream installations.”

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Malaysia’s Petronas testing polymer units at Pengerang

May 19, 2019

Dateline 2019-04-04, Argus:

Malaysian state-owned oil firm Petronas is continuing test runs of polymer units at its new petrochemical facility in Pengerang in the run-up to the Islamic fasting month of Ramadan.

Petronas has so far produced small quantities of on-specification product.

The facility, a joint venture between Petronas and Saudi Arabia’s state-owned Saudi Aramco, will be able to produce 900,000 t/yr of polypropylene (PP) and 750,000 t/yr of polyethylene (PE).

Petronas is expected to ramp up test runs and increase run rates in the run-up to Ramadan, which starts in early May.

Ramadan is typically a slow period in Malaysia, with working hours reduced in state-owned companies.

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Malaysia’s Petronas is Looking Near and Far for Gas and Oil

May 11, 2019

Dateline 2019-04-01, JPT:

As Malaysia’s largest company, chief revenue generator, and primary energy producer, Petronas has a keen interest to develop hydrocarbons wherever it can find them.

This means Petronas is looking within its home country, around Southeast Asia, and to the Americas in an effort to maintain its forecast average yearly production of 1.7 million BOE/D over the next 5 years. It is also exploring new partnerships with other global operators that offer regional and technical expertise.

Petronas, whose upstream portfolio consists primarily of natural gas, wants to both accelerate its exploitation of the hydrocarbon and add more oil to the mix.

Back home, the integrated company—the world’s third-largest LNG seller—continues to target domestic gas to leverage its control of the gas value chain all the way to its petrochemical and LNG liquefaction plants. Petronas’ LNG facilities include its 30-million tonnes/annum (mtpa) complex in Sarawak, and the world’s first floating LNG facility, the 1.2-mtpa PFLNG Satu. A second floating LNG facility is expected to be ready for sail away by 2020.

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