Petronas Dagangan and PETROS complete business transfer, operationalise Sarawak LPG business

June 14, 2022

Dateline 2022-05-05, The Edge:

Petronas Dagangan Bhd (PDB) and Petroleum Sarawak Bhd (PETROS) on Thursday (May 5) announced the completion of the business transfer and share subscription agreement for PETROSNiaga Sdn Bhd.

This conclusion marks the operationalisation of the partnership for the liquefied petroleum gas (LPG) business in Sarawak.

In a joint statement, the companies said that starting Thursday, all (green) Gas Petronas gas-filled cylinders are PETROS’ (red) as marketed by PETROSNiaga and all existing Petronas LPG dealers are now PETROS LPG dealers.

CM: Sarawak aims to be regional renewable energy powerhouse

April 11, 2022

Dateline 2022-02-21, Malay Mail:

Sarawak aims to attain sustainable growth and prosperity by becoming a South-east Asian powerhouse to provide the region with affordable and reliable renewable energy, says Chief Minister Tan Sri Abang Johari Openg.

“This target can be achieved as Sarawak is blessed with abundant indigenous resources, including hydropower and natural energy resources that could be harnessed, while sustainability initiatives have been put in place to minimise the environmental impacts of these ventures.

Shell weighs up drill drive offshore Malaysia

March 27, 2022

Still Anglo Dutch?

Dateline 2022-02-07, Upstream Online:

Anglo-Dutch supermajor Shell is gearing up for a drilling campaign offshore Sarawak, East Malaysia following a geotechnical investigation that is scheduled to start within days.

Shell has its eye on exploration and development drilling at four locations off the coast of Sarawak, with wells expected to be spudded this year.

The exploration prospects on the operator’s radar are Davana, Keremak and Ruku-Ruku, while drilling on its Selasih producing field is also on the cards.

Sarawak to focus on downstream activities in oil and gas and agriculture

March 26, 2022

Dateline 2022-02-07, NST:

 Seventy per cent of the liquefied natural gas (LNG) supply in Malaysia comes from Sarawak, and yet the state only consumes less than five per cent of the country’s total production.

Chief Minister Tan Sri Abang Johari Openg said there was a pressing need to intensify localisation of gas supply and utilisation to further industrialise Sarawak in the next five to 10 years in order to increase high value downstream economic activities in the state.

“At the same time, we are also exploring new oil and gas blocks onshore and offshore to ensure volume is available for Sarawak’s journey towards industrialisation.”

Malaysia revs up carbon, capture and storage developments

March 21, 2022

Again, reduce, reuse, recycle, re-elect:

Dateline 2022-02-01, upstream:

Malaysia is targeting start-up of its first carbon capture and storage (CCS) project in 2025 and the second such development – also offshore Sarawak – is touted for the following year.

For Petronas Carigali’s Kasawari phase 2 project – the nation’s maiden CCS development – the extracted and compressed carbon dioxide will flow some 135 kilometres via a pipeline to the M1 field where it will be injected into a depleted reservoir.

South Korean, Malaysian players tie-up on green hydrogen venture in Sarawak

March 18, 2022

Dateline 2022-01-26, Upstream Online:

South Korea’s Samsung Engineering, Posco and Lotte Chemical plus SEDC Energy – a Sarawak Economic Development Corporation (SEDC) subsidiary– have signed a memorandum of understanding to develop a green hydrogen and ammonia project.

The Sarawak H2biscus green hydrogen/ammonia project (H2biscus Project) will be located in Bintulu, East Malaysia which is already home to the Petronas LNG Complex and Shell’s gas-to-liquids facility.

The H2biscus Project is looking to convert hydropower and natural gas to green hydrogen/methanol and blue hydrogen, and for the conversion of hydrogen to ammonia, aiming to supply hydrogen and ammonia to Korea and Sarawak.

Storm delays Petronas’ MRU work at Pegaga gas field

February 25, 2022

Dateline 2021-12-21, Argus Media:

Malaysia’s state-owned Petronas has delayed the installation of an interim mercury removal unit (MRU) at the Pegaga gas field offshore Sarawak to 21 December because of stormy weather, according to some term offtakers of the 30mn t/yr Bintulu liquefaction and export project.

But Petronas is still targeting a 20 January start to gas production at the Pegaga field, unchanged from expectations last week, the offtakers said. The Pegaga field will supply feedstock gas to the Bintulu plant.

Petronas Dagangan partners with PETROS for liquefied petroleum gas business in Sarawak

February 21, 2022

Dateline 2021-12-13, The Edge:

Petronas Dagangan Bhd (PDB) has signed a heads of agreement with Petroleum Sarawak Bhd (PETROS) to mark the strategic partnership between the two parties in the liquefied petroleum gas (LPG) business in Sarawak.

The partnership includes the divestment of PDB’s LPG business in Sarawak to PetrosNiaga Sdn Bhd (PNiaga), a fully-owned subsidiary of PETROS, and a subscription of shares in PNiaga by PDB.

Petronas to raise supply of natural gas to Sarawak

February 18, 2022

Wasn’t this more like, PETRONAS needed someone to buy the gas, and found a patsy?

Dateline 2021-12-13, The Star:

Petroliam Nasional Bhd (Petronas) will raise the supply of natural gas to Sarawak by more than 250%, or up to 1,200 mmscf (million standard cubic feet) per day from the current 450 mmscf per day to support the implementation of projects under the Sarawak Gas Roadmap (SGR).

Chairman Tan Sri Mohd Bakke Salleh said the staggered increase in the natural gas supply would not only support Sarawak’s aspiration to attract investments from new, higher value-adding industries into the state but also provide the necessary impetus for further downstream exploration that would strengthen the state’s hydrocarbon resource base.

Petronas inks MOU with Petros to increase natural gas supply

February 15, 2022

Dateline 2021-12-11, Malaysian Reserve:

Petroliam Nasional Bhd (Petronas) has inked a memorandum of understanding (MoU) with Petroleum Sarawak Bhd (Petros) to gradually increase natural gas supply to Sarawak to up to 1,200 million standard cubic feet per day (mmscf/d) by 2030.

Sarawak Chief Minister Tan Sri Abang Johari Tun Openg said the MoU would realise firm progress towards Sarawak Gas Roadmap (SGR), a 10-year plan designed for the full potential of the state’s abundant gas resources under the Sarawak Vision 2030.