{"id":3764,"date":"2021-12-14T20:25:43","date_gmt":"2021-12-14T20:25:43","guid":{"rendered":"https:\/\/specialpipingmaterials.com\/?p=3764"},"modified":"2023-04-20T14:58:34","modified_gmt":"2023-04-20T14:58:34","slug":"latest-news-from-petronas","status":"publish","type":"post","link":"https:\/\/specialpipingmaterials.com\/pt\/latest-news-from-petronas\/","title":{"rendered":"Latest news from Petronas"},"content":{"rendered":"<p class=\"qtranxs-available-languages-message qtranxs-available-languages-message-pt\">Desculpe, este conte\u00fado s\u00f3 est\u00e1 dispon\u00edvel em <a href=\"https:\/\/specialpipingmaterials.com\/en\/wp-json\/wp\/v2\/posts\/3764\" class=\"qtranxs-available-language-link qtranxs-available-language-link-en\" title=\"English\">English<\/a>. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language.<\/p><p>Special Piping Materials has been a supplier of Petronas (National Petroleum Limited) for many years. Because of this, we like to keep informed with the latest news from Petronas as part of our support of them.<\/p>\n<p>Read on to get a round-up of some of the latest news from Petronas.<\/p>\n<p><a href=\"https:\/\/specialpipingmaterials.com\/wp-content\/uploads\/2021\/12\/Latest-news-from-Petronas.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-3765\" src=\"https:\/\/specialpipingmaterials.com\/wp-content\/uploads\/2021\/12\/Latest-news-from-Petronas-300x169.jpg\" alt=\"Latest news from Petronas\" width=\"740\" height=\"417\" srcset=\"https:\/\/specialpipingmaterials.com\/wp-content\/uploads\/2021\/12\/Latest-news-from-Petronas-300x169.jpg 300w, https:\/\/specialpipingmaterials.com\/wp-content\/uploads\/2021\/12\/Latest-news-from-Petronas-1024x577.jpg 1024w, https:\/\/specialpipingmaterials.com\/wp-content\/uploads\/2021\/12\/Latest-news-from-Petronas-768x433.jpg 768w, https:\/\/specialpipingmaterials.com\/wp-content\/uploads\/2021\/12\/Latest-news-from-Petronas-958x540.jpg 958w, https:\/\/specialpipingmaterials.com\/wp-content\/uploads\/2021\/12\/Latest-news-from-Petronas.jpg 1200w\" sizes=\"(max-width: 740px) 100vw, 740px\" \/><\/a><\/p>\n<p><strong><em>Overview of Petronas<\/em><\/strong><\/p>\n<p>Petroliam Nasional Berhad, usually known simply as Petronas, is an integrated <a href=\"https:\/\/specialpipingmaterials.com\/industries\/oil-gas\/\">oil and gas<\/a> company, headquartered in Malaysia and wholly owned by the Government of Malaysia. They describe themselves as the \u2018custodian of the nation\u2019s oil and gas resources\u2019 and that they use \u2018the latest technology to explore, produce and deliver energy in meeting the world&#8217;s needs.\u2019<\/p>\n<p>It does business in approximately 35 countries worldwide, through a wide network of subsidiaries and joint ventures, across both upstream and downstream markets.<\/p>\n<p>Petronas\u2019 work includes upstream exploration, production, downstream oil refining, gas processing and liquefaction, shipping and even the marketing and distribution of a range of petroleum products. They are thought to be currently running more than 216 producing fields with over 381 offshore platforms.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><em>Latest news from Petronas<\/em><\/strong><\/p>\n<p>Here is an overview of five of the latest news stories from Petronas:<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><strong>1. Collaboration with ExxonMobil:<\/strong> Petronas has <a href=\"https:\/\/www.energyvoice.com\/oilandgas\/asia\/364431\/petronas-teams-up-with-exxonmobil-technip-energies-for-ccs\/%20v\">announced<\/a> that it will be jointly exploring opportunities in carbon capture and storage technologies with ExxonMobil, to help decarbonise Malaysia\u2019s upstream industry and provide storage solutions for Asia.<\/li>\n<\/ul>\n<p>ExxonMobil and Petronas said they will assess the viability of potential CCS projects in selected locations offshore Peninsular Malaysia and identify suitable technology within the scope of carbon capture, transport and storage for potential application.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><strong>2. K-123 oil and gas well:<\/strong> Petronas\u2019 subsidiary, Petronas Carigali Iraq Holding BV, has <a href=\"https:\/\/www.theedgemarkets.com\/article\/petronas-jv-opens-k123-oil-and-gas-well-iraq\">announced<\/a> it has opened the K-123 oil and gas well within the Garraf Contract Area in the Thi Qar province.<\/li>\n<\/ul>\n<p>Petronas said in a Facebook post on Sunday (Nov 21): &#8220;The achievement is a testament to the resolute commitment and synergy of Petronas, Japan Petroleum Exploration Company Ltd (JAPEX) and North Oil Company to realise Iraq\u2019s energy aspiration.<\/p>\n<p>&#8220;The success was also made possible through the continued support and dedication of the host authority, Thi Qar Oil Company\u201d.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><strong>3. Deal with Baker Hughes:<\/strong> Petronas has <a href=\"https:\/\/www.energyvoice.com\/oilandgas\/asia\/364866\/petronas-hooks-up-with-baker-hughes-for-energy-transition-tech\/\">announced<\/a> that it has signed a pact with energy technology company Baker Hughes to collaborate on technological developments supporting the energy transition.<\/li>\n<\/ul>\n<p>About the deal, Petronas stated that the collaboration will advance Petronas\u2019 ventures in delivering low-carbon energy options, namely in the fields of hydrogen, carbon capture, utilisation and storage (CCUS), digital solutions, as well as sustainability and emissions management.<\/p>\n<p>The memorandum of understanding was signed in Abu Dhabi and summarises an agreement that both companies will combine their expertise to optimise sustainable delivery of energy offerings while leveraging on technology and digitalisation.<\/p>\n<p>Petronas chief executive, Tengku Muhammad Taufik, said: \u201cWe believe that creating a sustainable future will require collaboration, partnership and commitment from all. We are delighted to continue strengthening our partnership with a reputable technology partner like Baker Hughes as we continue on this energy transition journey\u201d.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><strong>4. Offshore block in Malaysia:<\/strong> POSCO and Petronas Carigali <a href=\"https:\/\/www.offshore-technology.com\/news\/posco-petronas-offshore-block\/\">announced<\/a> in November that they had secured a production sharing contract (PSC) for Block PM524 offshore Malaysia. It is thought that PSC for the block would unlock the new potential to meet Peninsular Malaysia\u2019s increasing gas demand.<\/li>\n<\/ul>\n<p>Under the contract, South Korean firm POSCO International\u2019s wholly owned subsidiary POSCO International E&amp;P Malaysia will serve as operator of the block with an 80% stake.<\/p>\n<p>Petronas\u2019 wholly owned exploration and production subsidiary Petronas Carigali will own the remaining 20% interest in the block.<\/p>\n<p>Petronas Malaysia petroleum management senior vice-president Mohamed Firouz Asnan said: \u201cWe welcome POSCO International to Malaysia\u2019s upstream oil and gas industry, and as a new player in Malaysia, they bring their experiences of operating gas fields in other parts of this region, including the technological development of Carbon Capture and Storage.<\/p>\n<p>\u201cUnder our right asset, right player strategy, supported by a progressive fiscal regime, we hope to fully maximise the long-term value of the hydrocarbon resources in Malaysia, especially in Peninsular Malaysia where the demand is expected to increase.\u201d<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><strong>5. Gas discovery offshore Malaysia: <\/strong>It was <a href=\"https:\/\/www.offshore-technology.com\/news\/petronas-pttep-gas-discovery\/\">announced<\/a> in December that Petronas and its partner PTTEP had made a gas discovery offshore Malaysia. The discovery of contaminant-free gas in the Nangka-1 well\u00a0follows another gas discovery within the Baram Province that happened earlier this year.<\/li>\n<\/ul>\n<p>The Nangka-1 well has a maximum depth of 3,758m and weet gas was first discovered in the middle to late Miocene Cycle VI clastic reservoirs.<\/p>\n<p>Petronas is hopeful that the discovery means that there is the potential for hydrocarbon resources in the surrounding areas.<\/p>\n<p>Petronas\u2019 Malaysia Petroleum Management senior vice-president Mohamed Firouz Asnan said: \u201cThe success of the Nangka-1 well marks the second gas discovery within the Baram Province this year.<\/p>\n<p>\u201cThe finding of contaminant-free gas in Nangka-1 reaffirms sweet gas opportunities within the area, and subsequently upgrades Baram clastics play.<\/p>\n<p>\u201cThis second gas find further reinvigorates the Baram Province, which is part of the established Baram Delta region, signalling potential for more discoveries in the neighbouring acreages.<\/p>\n<p>\u201cThe availability of existing facilities within the region will allow the Petroleum Arrangement Contractors (PACs) to monetise their discoveries quicker and cheaper through tie-back solutions.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p><em><strong>#SpecialPipingMaterials #Petronas #Malaysia #Oil #Gas #OilandGas #energy #SouthEastAsia #Discovery #LatestNews<\/strong><\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Desculpe, este conte\u00fado s\u00f3 est\u00e1 dispon\u00edvel em English. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language.Special Piping Materials has been a supplier of Petronas (National Petroleum Limited) for many years. Because of this, we like to keep informed [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":3765,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[67,34,37],"tags":[],"class_list":["post-3764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-duplex-super-duplex","category-singapore","category-stainless-steel"],"acf":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/specialpipingmaterials.com\/pt\/wp-json\/wp\/v2\/posts\/3764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/specialpipingmaterials.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/specialpipingmaterials.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/specialpipingmaterials.com\/pt\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/specialpipingmaterials.com\/pt\/wp-json\/wp\/v2\/comments?post=3764"}],"version-history":[{"count":2,"href":"https:\/\/specialpipingmaterials.com\/pt\/wp-json\/wp\/v2\/posts\/3764\/revisions"}],"predecessor-version":[{"id":3767,"href":"https:\/\/specialpipingmaterials.com\/pt\/wp-json\/wp\/v2\/posts\/3764\/revisions\/3767"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/specialpipingmaterials.com\/pt\/wp-json\/wp\/v2\/media\/3765"}],"wp:attachment":[{"href":"https:\/\/specialpipingmaterials.com\/pt\/wp-json\/wp\/v2\/media?parent=3764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/specialpipingmaterials.com\/pt\/wp-json\/wp\/v2\/categories?post=3764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/specialpipingmaterials.com\/pt\/wp-json\/wp\/v2\/tags?post=3764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}