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.
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Posted by Wata
December 23, 2020
Dateline 2020-12-08, The Straits Times:
Malaysian energy giant Petronas said yesterday that it has agreed to a commercial settlement that grants Sarawak state a higher share of revenue for oil and gas produced in the state.
Under the agreement, Sarawak state will also be given more active involvement in the state’s oil and gas industry through management of onshore oil and gas resources via its state-owned energy firm Petros, according to a joint statement by Petronas and the state government.
Both Petronas and the state government said they remained committed to providing a “stable, conducive business and investment environment for the sustainable growth of the oil and gas industry” in the state.
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December 22, 2020
Dateline 2020-12-08, Malaysian Reserve:
THE newly sealed commercial agreement between Sarawak state government and Petroliam Nasional Bhd (Petronas) would need to provide investment incentives for it to remain attractive for investors.
An industry expert said an agreement like that would have to create investment incentives as any increase in royalty amounts would discourage new investment in exploration and production.
“To have a successful agreement, part of it needs to ensure the right incentives are in place for investments in the state. Such an agreement may lead to higher investment costs, particularly in a low oil price environment, and cause lower investment and production in the coming years,” the expert, who asked for anonymity, told The Malaysian Reserve.
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December 17, 2020
Dateline 2020-11-30, Upstream:
The Chinese Coast Guard (CCG) and Royal Malaysian Navy have been involved in yet another standoff over oil and gas drilling in the South China Sea as tensions mount between regional powers over resources in the strategic sea area.
The CCG vessel 5402 in mid-November approached the Borr Drilling-owned jack-up Gunnlod, which is working for Thailand’s national upstream company PTTEP on Block SK 410B off Sarawak, East Malaysia, according to the Asia Maritime Transparency Initiative (AMTI) of the Center for Strategic & International Studies (CSIS).
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December 14, 2020
Dateline 2020-11-20, Energy Voice:
The eastern Malaysian state of Sarawak, home to the country’s LNG export complex, will soon open onshore acreage for bidding, as it hopes to revitalise its onshore oil and gas industry after taking regulatory control from the federal government.
Since the 1970s, significant oil and gas reserves have been discovered offshore Sarawak, which have helped supply one of the world’s largest LNG plants in Bintulu.
Although there has been significant exploration onshore since the 1980s, results have been modest. Still, Sarawak remains hopeful that new investment will help prove fresh commercial reserves by applying new technologies.
Moreover, Sarawak, after winning a recent battle against the federal government and Petronas for greater control of its natural resources, will now start offering onshore acreage through open auction, as well as direct negotiation. Two onshore blocks, covering the Miri and Limbang, as well as Lawas areas – SK 433 and SK 334 – will be open for bidding in the coming months, the state announced on 30 October 2020.
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December 11, 2020
So, can I hold dual citizenship? Malaysia and Sarawak?
Dateline 2020-11-13, Malay Mail:
A committee has been formed to facilitate negotiations between the state government, the federal government and Petroliam Nasional Berhad (Petronas) to ensure greater participation of the state in the oil and gas sector, Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan said in the state assembly today.
He said negotiations on commercial solutions for the matter are still ongoing among the three parties.
“The state government is fully committed to taking control of the exploration and mining of oil and gas within the territorial boundaries of the state,” he said in his winding-up speech for the debate on the State Budget 2021.
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Leave a Comment » | Malaysian election, oil and gas | Tagged: Awang Tengah Ali Hasan, Petronas, Sarawak | Permalink
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December 6, 2020
Dateline 2020-11-09, Energy Voice:
The Petronas-operated Bintulu LNG export complex, in the eastern Malaysian state of Sarawak, desperately needs new gas supplies to maintain its exports in the near-to-medium term, as legacy fields mature.
Moreover, recent news that the fast-track schedule for PTTEP’s giant Lang Lebah field development appears to be slipping, does not bode well for the 29.3 million tonne per year LNG export facility, which is one of the world’s largest.
Thai upstream player PTTEP said on 5 November that it only expects to take a final investment decision (FID) for its proposed giant sour gas field in 2022. Initially, FID was targeted by 2021, after the field was discovered in 2019. Further slippage is possible.
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December 4, 2020
Dateline 2020-11-09, Marketscreener:
Malaysian state energy firm Petronas on Monday said it was facing minor production issues at its liquefied natural gas (LNG) plant in Bintulu and that supply has not been affected.
Reuters had reported on Friday that loadings of LNG cargoes have been delayed from the plant, located in the eastern Malaysian state of Sarawak.
Petronas said the production issues at Bintulu are under control and have been resolved, adding that they are “part and parcel of operations”.
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November 23, 2020
Dateline 2020-10-30, FMT:
The Sarawak government has issued mining leases to its oil and gas (O&G) company, Petroleum Sarawak Bhd (Petros), to carry out mining of O&G in two fields, in Miri and Marudi.
It marked the beginning of efforts to exercise the state’s constitutional rights to regulate onshore oil mining.
Chief Minister Abang Johari Openg who made the announcement tonight said the leases were for the Adong Kecil West field in Miri district and the Engkabang block in Marudi district.
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Leave a Comment » | oil and gas | Tagged: Abang Johari Abang Openg, Adong Kecil West, Engkabang, Marudi, Miri, PETROS, Sarawak | Permalink
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November 18, 2020
Dateline 2020-10-28, H2 View:
ENEOS Corporation, SEFC Energy and Sumitomo Corporation have announced a joint plan to establish a hydrogen supply chain using renewable energy in Malaysia.
The three companies have already signed a Memorandum of Understanding for the project, with plans to commence a feasibility study in January 2021.
Announced last week, the hydrogen supply chain under consideration will involve the production of tens of thousands of tonnes of CO2-free hydrogen at a hydroelectric power station in Sarawak, Malaysia.
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Leave a Comment » | Renewable Energy | Tagged: ENEOS, hydrogen, Sarawak, SEFC, Sumitomo | Permalink
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