Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Malaysia's Petronas says Baram oil output to resume in Q3 after ship accident

01/04/2021 | 07:27pm EDT
Petronas logos are pictured at a fuel station in Kuala Lumpur

SINGAPORE (Reuters) -Malaysia's state energy firm Petronas said on Monday it expects to resume full production at its Baram facilities, off the state of Sarawak on Borneo island, in the third quarter after halting output in October following an accident.

Petronas declared force majeure at its Miri crude oil terminal on Oct. 29 as a result of the ship collision on Oct. 27 at the Baram field, a company spokesman told Reuters.

Two crew of the Malaysian offshore support vessel MV Dayang Topaz died after their ship rammed into the Baram B oil platform in bad weather.

"Rectification work is currently being carried out at the Baram facilities, which are expected to resume full production in Q3 2021," it said.

Separately, Petrofac, the operator of the Cendor terminal, offshore Peninsular Malaysia, declared force majeure at the hub on Dec. 4 due to a "technical malfunction", Petronas said.

"An investigation is ongoing and the Cendor terminal is currently on partial production mode," Petronas said, without providing a timeline for when the terminal can resume full output.

Reuters reported on the forces majeures last month.

(Reporting by Florence Tan; Editing by Jan Harvey and Barbara Lewis)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DAYANG ENTERPRISE HOLDINGS -1.44% 1.37 End-of-day quote.16.10%
PETROFAC LIMITED -3.77% 120 Delayed Quote.-9.70%
S&P GSCI CRUDE OIL INDEX 2.44% 400.0327 Delayed Quote.46.93%
Latest news "Economy & Forex"
01:12pCDC says U.S. young adults less likely to take COVID-19 vaccine
RE
01:07pAMERICAN AIRLINES  : Airlines, unions urge U.S. to prosecute 'egregious onboard conduct'
RE
12:46pFlipkart tells Indian court it offers lower fee if sellers cut prices
RE
12:38pIndia's ethanol plan could drive a sugar bull market -report
RE
12:38pFED OFFICIALS : Faster bond taper could keep options open on rate hike
RE
12:29pKPMG faces call for record fine from British accounting watchdog
RE
12:27pJeffrey donaldson confirms candidacy for leader of northern ireland's democratic unionist party (dup) - statement
RE
12:25pIrish debt chief says refinancing risk may be overstated
RE
12:24pU.S. Supreme Court reins in power of patent tribunal judges
RE
12:24pTikTok, WeChat get reprieve from Biden admin
RE
Latest news "Economy & Forex"