February 16, 2014
Dateline 2014-01-03, Offshore:
Mubadala Petroleum has discovered gas in the Sintok structure offshore Sarawak, according to partner Petronas.
The Sintok-1 well was drilled in block SK320, 240 km (149 mi) northwest of Bintulu, to a TD of 2,775 m (9,104 ft). It encountered gas in the main target reservoir.
Analysis of well data indicates a 292-m (958-ft) gas column. Studies continue to assess the volume of the discovery.
This was the third gas find on the block since it was awarded in February 2010.
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business opportunity, Malaysia | Tagged: Mubadala, Petronas, SIntok | 
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Posted by Wata
February 15, 2014
Dateline 2013-12-27, Malaysian Digest.com:
The contracts worth about RM300 billion awarded by Petronas to Bumiputera firms in the last five years show their high level of competitiveness and credibility, said the Malaysian Oil and Gas Services Council (MOGSC).
MOGSC president Sofiyan Yahya said Bumiputera firms’ level of activity in the oil and gas industry can be seen in the council, 90 per cent of whose 450 members are Bumiputera companies.
“MOGSC is willing to support Bumiputera firms who want to venture into this sector,” he told Bernama.
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Posted by Wata
February 13, 2014
Dateline 2013-12-21, Malaysia Chronicle:
THE era of cheap energy has ended and Malaysia has to face the fact that it has to move on to an open market regime, targeted to be implemented by 2019, said Petroliam Nasional Bhd (Petronas).
The national oil company, by way of its wholly-owned subsidiary Petronas Gas Bhd (PGB), has recorded revenue foregone due to regulated gas pricing at a cumulative RM199.9 billion since 1997, with 2013’s first three quarters making up RM20.29 billion alone.
“What we want to do is to move our regulated gas market towards an open market so that we can enjoy competitive pricing. In order to achieve this we need to gradually phase out our regulated market module now,” said Petronas general manager for Malaysia gas management Ezhar Yazid Jaafar during a media briefing, here, recently.
He explained that in preparation for an open market module, the government is increasingly decreasing the amount of gas consumption subsidy, which has a significant impact on the increment of the electric tariff from 33.54 sen/kWj to 38.53 sen/kWj.
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2 Comments | Malaysia, Malaysian election, oil and gas | Tagged: Petronas, PGB | Permalink
Posted by Wata
February 12, 2014
Dateline 2013-12-20, The Star:
Malaysia may see almost all of its gas production requirements being sourced from local means from 2015 as soon as the second regassification terminal in Pengerang, Johor is up and running.
Petroliam Nasional Bhd general manager for Malaysia gas management Ezhar Yazid Jaafar said that the additional supply would be sourced from east Malaysia to be processed in Pengerang.
Speaking at a press conference on Wednesday, Ezhar said the country now sourced about 15% of its local requirements from overseas.
“In 2015 or 2016 we will source most of our supplies locally. We presently import LNG from countries such as Brunei, Nigeria, Qatar and Norway,” he said.
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Posted by Wata
February 7, 2014
Dateline 2013-12-13, 4-traders (yes, cheesy title):
PETRONAS is pleased to announce new hydrocarbon discoveries from its exploration activities in Malaysia and Indonesia.
In Malaysia, gas has been discovered via the Sintok-1 well in the offshore Block SK320, about 240km northwest of Bintulu, Sarawak.
Block operator Mubadala Petroleum drilled the well to a total depth of 2,775 metres and discovered gas in the main target reservoir. Well data indicates Sintok-1 to have a gas column of 292 metres, and the operator is carrying out further evaluation to assess the volume of the discovery.
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Posted by Wata
January 15, 2014
Dateline 2013-11-19, Seatrade Global
The recent award of contracts for a massive block of 13 work package from Petronas to six local companies to some extent signals the coming of age of the Malaysian offshore services industry.
The hook-up and offshore platform maintenance contracts worth a combined MYR10bn ($3.1bn) over five years, is one of Petronas’ largest service contracts currently in place, CIMB Research oil and gas (O&G) analyst Norziana Mohd Inon was quoted as saying.
Petronas said earlier this week that the contract involved the hook-up and commissioning and maintenance services for offshore facilities and included all the necessary services, such as manpower services, marine spread services, and tools and equipment required for the execution of the respective work scopes.
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Posted by Wata
January 12, 2014
Dateline 2013-11-18, The Malaysia Chronicle:
Despite the denials from none other than the Petronas CEO, allegations that the national oil company has been side-lining Bumiputera companies continue to take media limelight.
That MTEM’s accusation of Petronas neglecting local vendors when dishing out contracts and failing to carry out its responsibility to contribute to the growth of Bumiputera entrepreneurs is arguably perceived negatively by many.
This writer is fully conscious of this political backdrop and of the fact that Pakatan Rakyat (PR) leaders and lawmakers have criticised Tun Dr Mahathir Mohamad who recently told the state oil firm to embrace the pro-Bumiputera New Economic Policy (NEP) and to be more Malay-friendly.
This writing however, attempts to highlight the precarious situation Petronas finds itself in, much to the chagrin of the Advisor perhaps. More importantly and outrightly, this short piece is in fact seeking for a clarification from Petronas’ leadership of the actual state of affairs especially in regard to the Vendor Development Programme.
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Posted by Wata
January 9, 2014
Dateline 2013-11-13, The China Post:
Malaysian state energy firm PETRONAS said Tuesday its third-quarter net profit rebounded, rising 19.5 percent year-on-year due to higher sales of crude oil and other products.
Net profit for the three months ending Sept. 30 stood at US$5.36 billion compared to 14.38 billion ringgit in the same quarter last year. Net profit had fallen in the first two quarters.
Revenue for the third quarter was up 19.2 percent to 81.4 billion ringgit compared to 68.33 billion ringgit last year, said the company, Malaysia’s only representative in the Fortune 500.
The increase in revenue was driven by higher sales of crude oil, processed gas and other products on the back of stronger customer demand, together with the effect of the strengthening of the dollar against the ringgit.
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Posted by Wata
January 7, 2014
Dateline 2013-11-11, Azom (?):
The project by Queen’s University Ionic Liquid Laboratories (QUILL), in collaboration with Malaysian oil and gas giant PETRONAS, was the major winner at the Institute of Chemical Engineers (IChemE) Awards. As well as collecting the award for Outstanding Achievement in Chemical and Process Engineering, the team won the Sustainable Technology Award and Chemical Engineering Project of the year, marking it out as the best chemical engineering project for innovation in waste reduction.
This is The Apprentice’s Nick Hewer with Professor Jim Swindall, Co-founder of QUILL and Paul Haworth, Chief Process Engineer at Sellafield Ltd. Credit: Queen’s University Belfast
The QUILL and PETRONAS team were presented with their awards by The Apprentice star and Countdown host Nick Hewer at the awards ceremony in Bolton.
QUILL scientists beat off competition from companies and universities around the globe to win the awards. Their lab, the first of its kind in the world, developed a new ionic liquid material to remove hazardous mercury from natural gas. Ionic liquids or ‘super solvents’ are salts that remain liquid at room temperature and do not release hazardous vapours. They can be used as non-polluting (green) alternatives to conventional solvents, and are revolutionising chemical processes by offering a much more environmentally friendly and sustainable solution than traditional methods.
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Posted by Wata
January 5, 2014
Nah, come see me first about your measurement needs. You know you want to.
Dateline 2013-11-11, Jakarta Post:
NEL has appointed Gilbert Tonner as Regional Manager as it launches its flow consultancy business in the Asia Pacific region. With inaccurate flow metering estimated to cost the industry billions of dollars per year worldwide, stakeholders are demanding greater accountability from oil and gas operators in the region.
Based in Kuala Lumpur, Malaysia, the new manufacturer-independent business will offer a range of unbiased training, testing and calibration support to oil & gas operators in Asia Pacific. This follows PETRONAS, the national oil company of Malaysia, awarding NEL a licence to operate.
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Posted by Wata
Wata - Malaysian Oil and Gas Engineer 