Petronas News

19 Apr 2019

SOFEC Completes Mooring System for PFLNG

PFLNG Satu. Image: MODEC, Inc.

SOFEC, a MODEC Group company, has completed the engineering, supply, and delivery of a mooring system - chains and anchors - for Petronas'  Floating LNG 1 (L) Ltd.According to a press release from MODEC, this project included the engineering, supply and delivery of the replacement mooring legs and anchors for the external turret system.The PFLNG Satu has an external turret moored system that was designed to be moored in a water depth ranging from 70 to 200 meters.In March 2019…

11 Apr 2019

Petronas Expands LNG Supply

Image: Petronas

Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) said that it is well-positioned to meet rising LNG demand and expands its flexible and innovative LNG solutions for existing and new markets."With its growing portfolio of LNG supply sources in Malaysia, Australia, Egypt and soon in Canada, Petronas is well-positioned to provide clean energy through its flexible and innovative LNG solutions to existing and new demand markets, as well as to emerging trading hubs…

25 Mar 2019

First Condensate Cargo Shipped from Prelude

Prelude FLNG (Photo: Shell)

Royal Dutch Shell on Monday said it had shipped the first condensate cargo from its Prelude floating liquefied natural gas (FLNG) project off northwestern Australia over the weekend."We can confirm that the first shipment of condensate has sailed from the Shell-operated Prelude FLNG facility.

17 Mar 2019

OPIS, GLX Roll-out LNG Trading Indices

Pic: EIA

IHS Markit has announced that its energy price-reporting arm, Oil Price Information Service (OPIS), has signed a strategic agreement for an end-to-end LNG trading solution with GLX, an online platform to transact physical LNG cargoes.OPIS, an internationally-referenced price reporting agency serving the oil, natural gas, chemical, coal and biofuels industries has been a long-trusted industry leader for energy price indices, real-time news and expert analysis across the global fuel supply chain.

14 Mar 2019

GAC Bags Petronas Job

Image: GAC Marine

GAC Marine’s branch in Turkmenistan has been awarded two contracts by Petronas Carigali, a subsidiary of Petronas, to provide marine services for its development of the Garagol Deniz West (GDW) oil field.The service provider of full marine transportation to the offshore industry said in a press release that it will supply three anchor-handling vessels manned by experienced crew and kitted out with specialist onboard equipment to provide critical 24-hour support for the drilling…

03 Mar 2019

Asia: Pertamina, Petronas Join Forces

Image: Petronas

Indonesian state-owned energy company PT Pertamina and Petroliam Nasional Berhad (Petronas) of Malaysia have signed a Memorandum of Understanding (MoU) to develop oil and gas business – upstream and downstream, not only in Indonesia or Malaysia but also in other countries.As per MoU, Pertamina will swap crude produced in its Malaysian fields of Kikeh, Kimanis and Kidurong with crude from Petronas' Indonesian fields of Jabung and Ketapang, said a Reuters report quoting Pertamina sources.Meanwhile…

12 Feb 2019

FLNG Market Grows a CAGR of +93%

FLNG: Shell Global

Global floating liquefied natural gas (FLNG) market is growing at a CAGR of +93% during forecast period 2019-2026 as the demand for natural gas has been rising as it is a preferred fuel in power generation in various industries.According to a report from Research N Reports, the demand comes from mainly for the regions such as North America, Europe, China, Japan, Southeast Asia and India.Natural gas is cleaner, safer, and more cost-effective than other fuels. It has the potential to significantly reduce greenhouse gas (GHG) emissions…

19 Dec 2018

Cheniere, Malaysia's Petronas Sign 20-Year LNG Pact

Sabine Pass LNG Terminal. Image: Cheniere Energy

Houston-based Cheniere Energy Partners has signed a 20-year liquefied natural gas (LNG) supply deal with a subsidiary of Petronas, Malaysia's state-owned oil and natural gas company.Per long-term pact, Petronas agreed to buy about 1.1 million tons a year from the Sabine Pass facility, according to a statement Tuesday. That’s about a quarter of the sixth plant’s capacity. “Petronas is one of the largest and most experienced participants in the global LNG market, and we are pleased to have it as our newest foundation customer at Sabine Pass…

14 Dec 2018

Petronas Wants Malaysia to be Regional LNG Bunkering Hub

Image: Petronas

Malaysian oil and gas company Petronas plans to introduce liquefied natural gas (LNG) bunkering operations at the country from the second half of 2019.“As a major player in the LNG business, PETRONAS is well-positioned to support the strategic intent for Malaysia to become the regional LNG bunkering hub,” it said in the Petronas Activity Outlook 2019-2021 report."Efforts are now being put in place towards advocating LNG as the preferred marine fuel of choice. In close collaboration with industry associations like MOSVA…

29 Nov 2018

Petronas, Vitol Asia Pact for LNG Supply Deal

Image: Vitol

Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) through its subsidiary, Petronas LNG Ltd (PLL) and Vitol Asia Pte Ltd (Vitol) announced the signing of binding Heads of Agreement (HOA) for long-term liquefied natural gas (LNG) sale and purchase (SPA) agreement.Under the terms of the agreement signed on 1 October 2018, the LNG supply to Vitol commencing in 2024 will be approximately up to 0.8 million tonnes per annum for a period of up to 15 years on both Delivered Ex-Ship (DES) and Free on Board (FOB) basis…

08 Nov 2018

BAM International Begins Kitimat Wharf Contract

BAM starts joint venture contract for terminal in Kitimat, BC, Canada. Pic: Royal BAM Group

The Hague-based BAM International, together with JJM Construction (Canada) and Manson Construction (USA), has received the full order to build the new Rio Tinto BC Works Terminal A on behalf of LNG Canada.The mobilisation and construction works being carried out by BAM and its partners for the Rio Tinto Terminal A expansion have started. BAM expects to complete this project in Autumn 2020.The project is valued at CAD 135 million, with BAM’s share amounting to 50% and JJM and Manson covering the other 50%.

22 Oct 2018

ABS Awards AIP to HHI’s Deepwater FLNG Hull

Newbuilding Conversion FLNG design to deliver significant cost savings. Image: ABS

ABS granted Approval in Principle (AIP) to Hyundai Heavy Industries’ (HHI) Deepwater Floating Liquefied Natural Gas (FLNG) hull design.HHI advises the Newbuilding Conversion FLNG hull design for offshore application can be constructed for about 80 percent less than the cost of a conventional FLNG hull. It is based on LNG carrier designs combined with the requirements for FLNG production, such as structural reinforcements to take topside module load and a hull designed to allow…

03 Oct 2018

Build It and They Will Buy: The New World of LNG Canada

Rendering of the LNG export facility (Image: LNG Canada)

The first major liquefied natural gas (LNG) project to be approved globally in five years will be built in Canada, but its underlying philosophy appears to be more closely allied to the Australian concept of "she'll be right, mate."The LNG Canada project was given the green light on Tuesday by Royal Dutch Shell, which is leading the $31 billion venture along with partners Petronas, Mitsubishi, PetroChina and Korea Gas.What makes the first export plant on Canada's west coast different…

29 Aug 2018

Harvey Gulf to Reflag Some Assets as it Expands International Reach

Harvey CEO Shane Guidry

Harvey Gulf International Marine has confirmed that it is going global with the reflagging of both Offshore Supply and Fast Supply Vessels to facilitate work in Mexico.Harvey will open additional offices in Mexico through its affiliate, Harvey Gulf International Marine de Mexico S.A.P.I. de C.V. Harvey will also establish itself in Trinidad and Guyana by opening offices and redeploying shore base personnel and vessels to those areas.Harvey will certify vessels for operation under Mexican flags to ensure its customers can receive Harvey service levels for their expanding Mexico operations.

05 Aug 2018

Petronas Delivers First LNG Cargo to Hokkaido Electric

Photo: Petronas

Malaysian state-owned oilcompany Petroliam Nasional Bhd (Petronas) through its subsidiary, Malaysia LNG (MLNG) delivered its first liquefied natural gas (LNG) cargo to Japan's Hokkaido Electric Power on August 1st, 2018.This delivery marks the beginning of MLNG's supply to Hokkaido Electric via a 10-year Sale and Purchase Agreement (SPA) signed on 2 March 2017.Hokkaido Electric will be utilising the cargo for the commissioning of its LNG tank at Ishikari Terminal. The cargo was delivered from Petronas LNG Complex in Bintulu…

06 Jul 2018

ASEAN Members Strengthen Oil Spill Preparedness

Photo:  International Maritime Organization (IMO)

Oil spill contingency planning is in the spotlight at an IMO regional workshop in Pulau Indah, Malaysia (2-6 July). The workshop is helping countries (ASEAN Member States: Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Thailand, Vietnam and Singapore.) in South East Asia become more familiar with the ASEAN Regional Oil Spill Contingency Plan - designed to enhance cooperation between States. Participants are reviewing a number of aspects of the plan and exercising its communication procedures.

31 May 2018

Petronas Buys Stake in Canadian LNG Export Project

(File photo courtesy of Shell)

Malaysia's state-owned oil and gas company Petroliam Nasional Bhd said on Thursday it is buying a 25 percent stake in a Canadian liquefied natural gas (LNG) export project, nearly a year after cancelling its own planned terminal.The company, known as Petronas, scrapped plans to build a $36 billion ($28 billion) LNG export terminal in British Columbia last year over concerns of a glut in the market that led to depressed fuel prices.But surprisingly strong demand from China, South Korea and India has erased those concerns…

23 May 2018

Cranes, Heavy Lift Shipping, Engineering and New Technologies

AAL Nanjing. Photo: AAL

Compared to new technologies, conventional engineering in shipping is a relatively simple science: computable and generally predictable. However, heavy lift shipping presents challenges that go far beyond what is required with standard unitized cargoes. The transportation of project cargoes - often highly valuable components of multi-billion-dollar projects - requires expert planning to ensure they are loaded and transported safely and efficiently. Last year AAL shipped two giant cyclone vessels (22m x 11m x 10m and weighing over 500mt each) to Petronas’ $27 billion RAPID project in Malaysia.

09 May 2018

Argentina Offshore Auction Attracting Oil Producers

International oil firms including Norway's Statoil, U.S.

01 May 2018

LNG Carrier Seri Camar Delivered to MISC

MISC's Fifth MOSS-Type LNG Carrier, the Seri Cemara Photo MISC

Malaysian shipping firm MISC Group has taken delivery of Seri Cemara, the final vessel in a series of five MOSS-Type liquefied natural gas (LNG) carriers built for long-term charter to Petronas.The 150,200 CBM LNG carrier has been built for MISC by South Korean shipbuilder Hyundai Heavy Industries Co., Ltd. (HHI). Upon its delivery, Seri Cemara joins her sister MOSS-Type carriers Seri Camellia, Seri Cenderawasih, Seri Cempaka and Seri Camar on long-term charter to Petronas.The…

29 Apr 2018

MISC to Spend $4B Capex in 5 Years

LNG Vessel - Seri Camellia. Photo: MISC Berhad

MISC Bhd, the shipping arm of Petroliam Nasional Bhd or Petronas, which is optimistic of delivering better earnings in its financial year 2018, is setting aside a bigger capital expenditure (capex) totalling RM15.68 billion (US$4 billion) over the next five years to grow its four core businesses, reports Bernama. The core segments are liquefied natural gas (LNG) shipping; petroleum and product shipping; offshore business; and marine and heavy engineering. President and Chief Executive…

23 Mar 2018

Asian Oil, Gas Producers Stepping up Activity after Long Lull

© nattapon7 / Adobe Stock

Asia's oil and gas producers are starting to revive projects aimed at deflating years of ballooning energy imports after new investment dried up following the 2014 industry crisis. Spending has so far been driven mainly by state oil companies such as India's ONGC, Thailand's PTTEP and PetroVietnam, which need to produce more oil and gas to ensure their countries' energy security, executives said this week during an industry event in Kuala Lumpur, Malaysia. Asia is by far the biggest, fastest-growing consumer of oil, yet its output is falling faster than in any other region.

28 Feb 2018

LNG Carrier Seri Camar Delivered to MISC

MISC’s fourth MOSS-Type LNG carrier, the Seri Camar (Photo: MISC)

MISC Group has taken delivery of the 150,200 CBM liquefied natural gas (LNG) carrier Seri Camar, the fourth in a series of five newbuild MOSS-Type Seri C Class vessels built by Hyundai Heavy Industries (HHI). Owned by MISC, the Malaysian-flagged Seri Camar joins sister vessels Seri Cenderawasih, Seri Camellia and Seri Cempaka on long-term charter to PETRONAS. The delivery brings the current number of MISC’s LNG fleet to 28 vessels. The vessel was delivered at a naming ceremony held at the HHI yard in Ulsan, South Korea, attended by PETRONAS Executive Vice President & CEO Upstream, Y. Bhg.

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