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Petrochemical industry plays a major role in our daily life. Almost everything that we are dependent nowadays are made from petrochemicals be it plastics, clothes, home appliances etc. Being a professional chemical engineer, one needs to keep up-to-date with fast changing petrochemical industry especially when new processes for new products, new chemicals are invented everyday.

Sunday, July 12, 2009

Petronas Entering Cameroon

Malaysian national oil company, Petroliam Nasional (Petronas) and Noble Energy have been granted a production sharing contract offshore Douala in Cameroon. Societe Nationale des Hydrocarbures (SNH), the national petroleum company of Cameroon has confirmed that the deal was to develop the Gulk of Guinea with exploration rights worth US$119 millions.

The deal is seen as an extension to Noble-Petronas current involvement in Cameroon's YoYo gas project.
The exploration right is reported to contain oil reserves of between 40 million and 70 million bbl with SNH holding 25% interest in production right. Both Petronas and Noble Energy are given a 25-year exploitation license renewable for ten additional years.

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Saturday, July 11, 2009

BP CNPC & Exxon Petronas Bidding for Rumaila Field

Oil giants U.K BP PLC with its pair China National Petroleum Corp. and U.S. oil major Exxon Mobil Corp. and Malaysia's Petroliam Nasional Bhd, or Petronas are bidding for joint offers to develop Iraq's Rumaila oil field.

Despite Iraq's long black history with the western world, the country is holding Iraq's first bidding round in 30 years for Rumaila future development oil field. Rumania's current output capacity is 1 million barrels a day, in which the Iraqi government persuing to increase by up to 1.75 million barrels a day by getting foreign participation into the country.

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Sunday, July 5, 2009

Malaysia Regulates New Petrol Quality RON95

Malaysia has requested its National Oil Company, Petronas to supply the country with new petrol quality of RON95 instead of the current available petrol quality RON92 and RON97. The country's administration move will eliminate RON92 to better position with global petrol quality.

The move has been getting different response from the Malaysian people. The move will help Malaysia as a whole to save subsidy by supplying a lower quality petrol RON95 at a price expected to be as close to the current RON97. However, the government will also increase the price of RON97 which expected by analysts to be the country's premium petrol. Whilst many of today's car are designed to run by RON95; some of outdated models are incompatible.

The move is also likely to incur significant cost for PETRONAS under its marketing arm, PETRONAS Dagangan Bhd as RON95 petrol is formulated with a detergent to prevent the build-up of deposits that degrade the engine's performance. The company has said that the change involves the whole supply chain from refineries to delivery of the fuel to the consumers which comes September 9 is likely to be followed by other oil companies like Shell, BHP, Caltex and Exxon Mobil in the country as set by the Malaysian government.

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Petrochemical Plants Articles

Petronas Entering Cameroon  || BP CNPC & Exxon Petronas Bidding for Rumaila Field...  || Malaysia Regulates New Petrol Quality RON95  || China Postponing Stockpiling Oil & Energy  || Malaysian Having Closer Tie with Iran on Oil Explo...  || Floating USD20 Billion of Oil & Gas Assets  || Petronas to Produce 5 Billion cm of Gas in Turkmen...  || Caltex to Expand Distributorship through Chevron  || Italy Triton LNG Terminal Postponed  || Japanese Economy Taking Hit  ||

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The Author

I am a chemical engineer who now work as a strategist for a petrochemical oil and gas company by keeping abreast of latest market outlook, technology, new petrochemical plants, product development and news on petchem industry. I like to share with others on my experience for chemical engineering society.

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