Dsquares’ Post

 Shell's Malaysian Commitment Amidst Aramco Speculation: A Catalyst for Energy Evolution ⚡ #Shell PLC stands firm on its commitment to #Malaysia's fuel retail sector amidst swirling speculation of talks with #Aramco for a potential station network sale. Despite rumors, Shell emphasizes its dedication to #Malaysia, boasting over 950 fueling stations and plans to divest around 1,000 globally by next year.#Aramco's interest in Malaysia, part of its partnership with Petroliam Nasional Berhad, adds intrigue. Shell's strategic focus on retail network upgrades, including electric vehicle charging expansion, mirrors industry shifts towards #sustainability. This dynamic reflects Southeast #Asia's competitive #energy market and offers insights into evolving global energy #investment trends.  🚀#4dgeosteering #EnergyIndustry #oilandgas #oilfield #manufacturing #oilmarket #Shell #Aramco #EnergyFuture #GlobalMarket

🚀 Aramco's Strategic Expansion into Pakistan. As Saudi Aramco begins its operations in Pakistan, it's clear that global energy giants are recalibrating their strategies. While developed countries are increasingly focused on renewable energy and electric vehicles, oil companies are exploring new markets to sustain their business. With Europe, North America, and other advanced economies pushing hard towards cleaner energy and transitioning to electric vehicles, traditional fossil fuel companies are feeling the pressure. The shift to renewables is inevitable, but it also brings financial challenges to these companies, as demand for oil declines in these regions. This is where emerging economies come in. In countries like Pakistan, where the adoption of electric vehicles and renewable energy is still in the early stages, there's a longer runway for traditional energy sources. For Aramco, expanding into these markets isn’t just about immediate profits; it’s a strategic pivot to offset the long-term risks in first-world countries as they transition to green energy. It will be interesting to watch how this trend develops and how markets like Pakistan evolve alongside it. Ultimately, this shift highlights the need for balance: embracing sustainable energy while understanding the pace and readiness of each market.

(KUALA LUMPUR) Petroleum Nasional Bhd (Petronas) has signed a small field asset (SFA) production sharing contract (PSC) with Vestigo Petroleum Sdn Bhd for a discovered resource opportunity cluster, which was marketed under the Malaysia Bid Round Plus (MBR+). The signing was done through Malaysia Petroleum Management (MPM).  Situated off the coast of Sabah, the NBE cluster which consists of Nosong, Bongawan North and Epidot fields, is a predominantly gas discovery cluster. A comparable field is Samarang, a mature field located 25 kilometres south of Nosong that has demonstrated proven production deliverability. This marks the inaugural award of PSCs in Sabah under the MBR+ promotion. "We welcome capable operators like Vestigo to explore, invest and develop Sabah's oil and gas resources. "At the same time, we are committed to fostering the growth of local oil and gas services and equipment companies in Sabah and encourage collaborations that increase participation of qualified Sabahan companies in the industry," said the state's finance minister Datuk Seri Masidi Manjun. A signing ceremony was held in conjunction with the Sabah Oil and Gas Conference and Exhibition, witnessed by Masidi. Petronas was represented by MPM senior vice president Datuk Ir. Bacho Pilong while Vestigo was represented by its chief executive officer Khairul Azhar Abu Bakar. Bacho Pilong said the award signified a successful outcome of the MBR+ cycle which was introduced in October 2023. "It provides an additional avenue for investors to explore and acquire DRO and Late Life Assets (LLA) available in Malaysia beyond the annual MBR by utilising and assessing information made available through the Petronas myPROdata. "We continue to collaborate with the Sabah state government in steering a vibrant investment climate and ecosystem, which is essential in supporting Sabah local communities and players to further progress in this industry," he added. In the coming weeks, Petronas will be signing new PSCs with more MBR+ winning bidders. MPM acts for and on behalf of Petronas in the overall management of Malaysia's petroleum resources throughout the lifecycle of upstream oil and gas assets. #energy #oilandgas #PSC #gasdiscoverycluster #upstream

𝐌𝐚𝐥𝐚𝐲𝐬𝐢𝐚’𝐬 𝐏𝐨𝐫𝐭 𝐨𝐟 𝐓𝐚𝐧𝐣𝐮𝐧𝐠 𝐏𝐞𝐥𝐞𝐩𝐚𝐬 (𝐏𝐓𝐏) has achieved a significant milestone by conducting its 𝐢𝐧𝐚𝐮𝐠𝐮𝐫𝐚𝐥 𝐋𝐍𝐆 𝐛𝐮𝐧𝐤𝐞𝐫𝐢𝐧𝐠 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧 for a CMA CGM car carrier, the 𝐂𝐌𝐀 𝐂𝐆𝐌 𝐌𝐨𝐧𝐚𝐜𝐨. Facilitated through a collaboration between MMC Group, APM Terminals, Petronas Trading Corporation Sendirian Berhad (PETCO), and CMA CGM, the bunkering operation marks a pivotal step in PTP's journey toward expanding its LNG bunkering business. Working diligently since March 2022, PTP, PETCO, and CMA CGM coordinated tabletop exercises and workshops with various government agencies, culminating in a successful deployment exercise. 𝐌𝐚𝐫𝐤 𝐇𝐚𝐫𝐝𝐢𝐦𝐚𝐧, 𝐂𝐄𝐎 𝐨𝐟 𝐏𝐓𝐏, expressed enthusiasm for further LNG bunkering endeavors, underscoring the operation's importance in the maritime industry's decarbonization efforts. Tan Sri Che Khalib Mohamad Noh, Chairman of PTP, echoed this sentiment, emphasizing the significance of the milestone in advancing LNG bunkering at PTP and contributing to global decarbonization goals. With a capacity to handle 13 million TEU annually, PTP stands as the world’s 15th largest container port, primarily focused on transhipment business. #malaysia #PortofTanjungPelepas #ptp #lngbunkering #CMA_CGM #MMCGroup #apmterminals #PetronasTradingCorporation #petco #maritimeindustry #decarbonization #shipping #Transshipment #ContainerPort NC: Seatrade Maritime News

Interesting to see the global move towards methanol (such as Vopak's bunkering facility in Singapore) as the fuel du jour for marine transportation as the anticipated demand growth is significant as we see traditional marine bunker fuel be displaced over the next decade as per IMO marine fuel standards. The number of methanol powered containerships is adding up quickly as Maersk alone is scheduled to take possession of 18 ships over the next two years. A very large opportunity for Canadian and Alberta production - should we choose to actively invest in methanol and approve terminals on the waterfront as well as remove federal regulatory red tape.

The world has been in motion since the beginning of time, and Shell fuels that momentum. Introducing the Potential in Motion, provided by Shell Lubricant Solutions, for a life that’s always on the go. #IALSaatchi #SaatchiandSaatchi #PublicisGroupe #Shellpakistan #potentialinmotion #shelllubricantsolution

SHELL DORTYOL

MOL Expands its LPG Fleet 🚢⛽️ Mitsui OSK Lines (MOL) is set to bolster its LPG fleet with a double order for VLGCs from South Korean shipbuilders Hanwha Ocean and HD Hyundai Heavy Industries. This strategic move aligns with Japan's growing demand for LPG imports and reflects MOL's commitment to the energy sector. #maritime #shipping #LNG #LPG #VLGC #Korea #Japan #energy #shippingnews

Unlocking Growth in a Dynamic Market: The 2024 Malaysian OGSE Landscape Malaysia's oil and gas industry remains a powerful engine for economic growth. With a projected 4-5% national growth and a 4.8% increase in OGSE investments, 2024 presents a year of stability and opportunity. Production in key regions like Sabah and Sarawak is expected to hold steady, ensuring a reliable flow of resources. PETRONAS, Malaysia's national oil company, is committed to sustaining and even growing production to 2 million barrels of oil equivalent per day by 2025. This translates to a secure supply chain and continued industry relevance. The future isn't just about oil and gas. Malaysia recognizes the importance of a low-carbon future, with significant investments (USD 1.2 billion) planned for 2024. This creates exciting new opportunities for companies positioned to support the industry's transition towards a more sustainable future. Malaysia leads the pack in Southeast Asia, attracting a staggering 85% of regional OGSE investments compared to the 65% average. This dominance positions Malaysia as the clear partner for companies seeking a foothold in a thriving market. While challenges exist, the overall outlook for the Malaysian OGSE industry is positive. With a stable production base, a commitment to growth, and a focus on low-carbon solutions, 2024 presents a year brimming with potential. Are you ready to capitalize on this growth?

Weekly LNG exports pick up from Malaysia’s Bintulu LNG Kpler data shows an increase in exports from the Bintulu #LNG plant. During the week beginning 23 September, the plant recorded a 23% rise, equivalent to 0.1 mt, bringing the total to 0.52 mt. This steady performance continued, and as of 16 October, three #cargoes have been shipped for the current week. Over the past three weeks, Bintulu’s exports have reached their highest levels since June, suggesting that concerns about production issues at Trains 7 and 8 may be overstated. Term offtakers have reported no notices of operational trouble or cargo deferrals, despite speculation of potential shutdowns. #kpler #LNGmarket #Malaysia