Fueltrax Announces Expansion in Asia
, Regional Representative – Asia PacificAzani joined the FUELTRAX team last month and brings 11 years of experience in the oil and gas, shipping, and marine industry, focusing on Southeast Asia, Europe, & the Middle East. He is a former marine expert to Malaysia Petroleum Management (MPM) of PETRONAS. At PETRONAS, he was in charge of various operational activities and managed hundreds of oil and gas services and equipment (OGSE) contractors, including the Malaysia Petroleum Arrangement Contractors (PACs). Faiz has managed upstream cost optimization strategies, ESG initiatives, and simplification
Floating Production's Future: The 6 Things You Need to Know Now
FLNGs under construction have hit obstacles. One unit, the almost completed Exmar Caribbean LNG barge, is without a field as a result of the field operator’s decision to terminate the LNG project in Colombia. The other unit, PFLNG Dua under construction in Korea, has been “re-phased" by Petronas to curtail capital expenditures – and construction will likely be suspended once the hull is finished. Several planned FLNG projects have also run into barriers. In March 2016 Woodside decided to shelve its plan to use an FLNG to produce the Browse gas complex offshore Australia
Petronas to Cut about 1,000 Positions
Malaysia's Petronas announced it is making about 1,000 positions redundant and is reshuffling some senior executives after a strategic review, as the state-owned oil and gas company tries to cope with the hit from a plunge in oil prices. Petronas, or Petroliam Nasional Bhd, is one of the biggest employers of Malaysians and has a staff of about 51,000 people, according to its 2014 annual report. A 70 percent slump in crude prices since mid-2014 has been squeezing the finances of oil companies globally, including those of Petronas, which makes up about a third of the Malaysian government
Petronas to Canada: No Tax Deal, No LNG Plant for 15 Years
Malaysian state-owned energy company Petronas said on Monday it could delay its planned $11 billion liquefied natural gas plant on Canada's Pacific Coast by up to 15 years unless it can reach a favorable tax deal by month's end. Petronas said in a statement that the economics of the plant are marginal and without a favorable tax arrangement with the province of British Columbia and Canada's federal government, it could shelve the project for a decade or more. The company set a deadline of the end of October to reach a deal. "Missing this date will have the impact of having to defer our
