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 Activity Outlook 2019-2021
December 16, 2018
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Posted by Wata
Petronas should conserve finances
November 26, 2018And 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is due to the combined impact of US sanctions against Iran – resulting in possibly 1.5 million barrels per day (bpd) withdrawn from the market effective Nov 4 this year – hiccups in Venezuela’s oil production and major producer Saudi Arabia’s inability or refusal to raise output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.
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Volatile landscape amid rising oil prices: Petronas
November 22, 2018Dateline 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.…
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Aramco plans to ship first crude oil to Malaysia JV refinery in Oct
November 19, 2018Did 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.
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Hard work pays off for Petronas education sponsorship recipient
November 18, 2018Dateline 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.
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Petronas to provide input to attract O&G investments
November 16, 2018Dateline 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.
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Will oil royalty finish off Malaysia’s PETRONAS?
November 15, 2018Dateline 2018-08-31, The Asean Post:
Every time Malaysia’s national oil and gas company PETRONAS declares a profit, the nation’s four oil-producing states will clamour for a bigger slice of the pie than the current five percent royalty they are receiving.
The subject rose again following the unexpected victory of the Alliance of Hope (Pakatan Harapan) in the country’s May 2018 general election, ending the 61-year continuous rule of the National Front (Barisan Nasional). As part of its election manifesto, the Alliance of Hope coalition promised to increase the oil royalty to 20 percent and to review Malaysia’s Petroleum Development Act of 1974 (PDA) if it came into power.
Prime Minister Dr Mahathir Mohamad announced that the new government of Malaysia will pay the oil-producing states 20 percent but it will be calculated based on profits derived from those states, and not revenue.
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Sabah expects RM5 bil in petroleum royalty
November 4, 2018Will that be in physical barrels?
Dateline 2018-08-14, FMT:
The Sabah government expects no less than RM5 billion annually if petroleum royalty is increased from 5% to 20%.
However, Chief Minister Mohd Shafie Apdal said Petronas had informed the state government that cash payments from oil and gas revenues would depend on various factors.
“Among the factors which determine the amount of royalty include the mechanism and basis for the increments in cash payments which need to be discussed and decided by the relevant parties, estimates of oil and gas output, advanced plans for the development of oil and gas fields and global crude oil prices,” he said.
Shafie, who is also the state finance minister, said this in reply to a question from Dr Joachim Gunsalam (PBS-Kundasang) at the Sabah state assembly here today.
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Oil royalty: Calling the brave ones
November 1, 2018Dateline 2018-08-19, FMT:
Petronas’ Group Strategic Communications wrote a letter to the editor of The Edge to clarify the outdated Production Sharing Contracts (PSC) terms used in their article “The black gold conundrum” dated July 30.
It highlighted the improper use of the PSC Cost/Profit oil split of 70/20 that is no longer in use, and any calculation on the distribution of wealth using the outdated split was therefore wrong.
Petronas also provided an illustration of the Revenue/Cost (R/C) PSCs split which are in use today.
Apart from The Edge, many others have tried to calculate the “profits” from the PSCs, using the now contentious PSC splits, with regard to Sarawak’s claim for 20% royalty from revenue for its oil and gas resources and recent Pakatan Harapan’s (PH) offer for a 20% royalty from profits.
Animah Kosai (founder at Speak Up, on Linkedin July 26) had 50% Cost Oil to the Operator. Azman Ujang (“The real deal behind Oil Royalty” the Sundaily, July 27) had it at 70% for the recovery of the cost of production.
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Petronas launches new vendor devt scheme with 18 partners
October 25, 2018Really?
Dateline 2018-07-31, The Star:
Petroliam Nasional Bhd has launched a new vendor development scheme to nurture local entrepreneurs to overcome high-entry barriers to the oil and gas industry and create a pool of vendors who can generate value.
The national oil company said on Tuesday the scheme, called VDPx, would be under the company’s existing vendor development programme (VDP). It will carried out together with major industry players in the country.
Petronas said this was was part of its initiative to boost the capabilities of local companies in Malaysia’s oil and gas (O&G) industry.
Under the VDPx, the six petroleum arrangement contractors (PACs) and 12 O&G service and equipment (OGSE) companies, will replicate Petronas’ VDP programme, to reach out to more local vendors and further amplify its benefits to the industry as well as the nation.
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Wata - Malaysian Oil and Gas Engineer 