April 12, 2021
Dateline 2021-03-25, Nasdaq:
Malaysia’s state oil firm Petronas PETR.UL said on Thursday it had become the first global energy company to produce liquefied natural gas (LNG) from two floating production units, following its first cargo delivery from the second floater facility.
The Petronas Floating LNG DUA (PFLNG DUA), sitting off the coast of Sabah on Malaysia’s Borneo island, has a production capacity of 1.5 million tonnes of LNG per year and operating at the water depth of 1,300 metres, the firm, formerly known as Petroliam Nasional Berhad, said in a statement.
March 11, 2021
Dateline 2021-02-22, Energy Voice:
Malaysia will offer 13 offshore exploration blocks, including discovered fields and deep-water opportunities, as part of its Malaysia Bid Round (MBR) 2021 due to launch on 26 February.
Included in the round are six discovered fields to incentivise investors to undertake more extensive exploration activities within those blocks, Malaysian national oil company (NOC) Petronas said Friday. This year’s round also features four deep-water blocks next to the coast of Sarawak and Sabah, which saw prominent exploration discoveries in recent years, added Petronas.
The round will be launched virtually in Kuala Lumpur, Malaysia and live-streamed to three different markets in North America, UK and Europe, as well as Asia Pacific. Themed ‘Grow your Energy Portfolio with Us’, MBR 2021 aims to attract investors with unique capabilities to unlock the full potential of the hydrocarbon resources in Malaysia.
March 9, 2021
Hey, it’s a shallow water block.
Dateline 2021-02-22, Energy Voice:
Malaysia has awarded shallow-water exploration Block SB405 to U.S. major ConocoPhillips off the coast of Sabah.
The award is expected to help bolster interest in exploration activities offshore Sabah with more block investment opportunities on offer, Malaysian national oil company (NOC) Petronas said Friday.
ConocoPhillips will operate Block SB405 with an 85% interest. Petronas Carigali, the upstream division of the NOC, will hold the remaining 15% stake. ConocoPhillips already holds interests in five production-sharing contracts (PSCs) in Malaysia; Block J, G and Kebabangan offshore Sabah, as well as SK304 and WL-00 offshore Sarawak.
February 27, 2021
Dateline 2021-02-19, Upstream:
US independent giant ConocoPhillips has been awarded a new shallow-water exploration block offshore Sabah, East Malaysia.
Block SB 405 covers 5857 square kilometres in the North East Sabah basin, off the coast of Sandakan.
Water depths at the acreage are up to 100 metres.
“The entry of ConocoPhillips with its world-class proprietary seismic technology into Block SB 405 is expected to enhance the hydrocarbon resource potential off the coast of Sabah,” said senior vice president of Malaysia Petroleum Management, Mohamed Firouz Asnan.
“This is an area that has a proven working petroleum system with previous discoveries such as Kuda Terbang and Nymphe fields.”
February 26, 2021
Dateline 2021-02-17, Bangkok Post:
PTT Exploration and Production Plc (PTTEP) has started its natural gas production at Rotan and Buluh deepwater fields of Block H off the coast of Sabah, Malaysia, marking its move to strengthen investment in Malaysia.
The production will increase the company’s petroleum supply and sales volume in the neighbouring country.
The first gas production in Block H came after its wholly-owned subsidiary PTTEP HK Offshore Co successfully completed the Lang Lebah-2 appraisal well in the Sarawak SK 410B Project. The drilling result registered a new record for PTTEP’s largest gas discovery.
December 24, 2020
Dateline 2020-12-08, Straits Times:
Sabah will follow Sarawak in pursuing its rights, particularly where oil and gas are concerned.
Deputy Chief Minister Datuk Seri Jeffrey Kitingan congratulated Sarawak for reclaiming its rights, adding that the Sabah government would ensure the same for the state.
He was referring to the Sarawak government signing a commercial agreement with Petroliam Nasional Bhd (Petronas) on Monday which allows the state, through its subsidiary Petroleum Sarawak Bhd (Petros), to play a bigger role in the oil and gas industry through cooperation with Petronas.
“Kudos to the Sarawak government for reclaiming their rights. It is no secret that the Sarawak government had been doing all the heavy lifting in this fight and we are grateful for their efforts.
December 9, 2020
Dateline 2020-11-12, FMT:
There is no truth to claims that former Sabah chief minister Shafie Apdal did not pursue the 5% sales tax on petroleum products because he was worried about offending former PM Dr Mahathir Mohamad.
Warisan’s Merotai assemblyman Sarifuddin Hata came to his party president’s defence today following comments by former assistant finance minister Kenny Chua on the issue.
Yesterday, Chua had agreed with STAR’s Tulid assemblywoman Flovia Ng’s allegation over Shafie’s refusal to pursue the matter until after the fall of the Pakatan Harapan government in February this year.
November 30, 2020
Dateline 2020-11-08, Reuters:
Malaysian state-owned energy giant Petronas is expected to pay the resource-rich state of Sabah 1.25 billion ringgit ($303 million) in sales tax next year, state media said.
Sabah Deputy Chief Minister Jeffrey Kitingan said Prime Minister Muhyiddin Yassin had agreed for the state to collect the 5% tax from Petronas next year, Bernama news agency said late on Saturday.
November 13, 2020
Ah, politiking continues.
Dateline 2020-10-23, FMT:
Shell’s announcement on Oct 15 that the Plaza Shell office in Kota Kinabalu would be closed, with a relocation of all Sabah staff to Miri next year, was met with silence.
The Kota Kinabalu office was set up in November 2015 with promises of Shell’s significance presence, strategic partnership and offer of measurable progress for the state. This change of commitments, a sad truth on the change of events, draws much reservation, suspicion and unveils broken promises from Shell to the state, its people and communities.
The well established and progressive 200 Shell staff, occupying four floors of the 14-storey Plaza Shell, a distinguished landmark in Kota Kinabalu located strategically in the city’s business district may see the last of its pivotal presence very soon. Their lives, sadly, may never be the same again.