Extract from “Tuah Jebat” – Warisan Perintis

November 5, 2016

 

Unit Tindakan Khas (UTK) telah mengakhiri era kewujudan mereka apabila termaktub semua perjanjian PSC yang selebihnya. Pada masa mereka merangka dan merundingkan PSC, yang turut tertubuh ialah Jabatan Pemasaran Antarabangsa atau “International Marketing Department (IMD)” bagi mengagih minyak mentah ke pasaran antarabangsa dan Jabatan Pemasaran Dalam Negeri atau “Domestic Marketing Department (DMD)” untuk penjualan bahan petroleum di dalam negeri, khususnya melalui stesen-stesen servis.

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Visit here and buy books so I have some spending money.


Saturday Star 2017-11-18 – Job Opportunities

November 20, 2017

Happy been out of Internet contact for weeks, week. IGL has pivoted into training, so book your seats now.

We’re thinking of republishing Young Turks of PETRONAS, but it’s a minimum 500 book printing run. Do I have enough interested persons to purchase?

Donate to your favorite charity (me), buy my recommendations, or through my Amazon store. Or get the Young Turks series (3 books until I can get YTP republished). Where are those corporate sponsors? Or throw donations at me, my camera dive case flooded, and I need a new replacement. Heck, if you want to send me a Canon 5D Mk III plus dive case, I will not say no.

  • I have a feeling that The Star isn’t the preferred O&G job recruitment portal now, and they have moved adverts to another online presence (I bought a dead tree edition this week). I see more adverts via social media. What do you think, is it a step change that the papers need to embrace?
  • I’m looking for jobs for 1Q2018. Send me your POs.

Food choice of the week? Support your local mee bandung.

Thinking about the zombie apocalypse, you need something to jumpstart access to those dodgy Internet sites:

The Knowledge: How to Rebuild Civilization in the Aftermath of a Cataclysm

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Diving – Manado 2017-09 Pt 2

November 15, 2017

What I like about this dive site is, it’s in the bay of the Manado, about 40m from a shoreside road.


S’wak BN slams Mahathir over oil rights comment

November 14, 2017

Dateline 2017-09-26, FMT:

A senior official in the Sarawak Barisan Nasional has criticised Dr Mahathir Mohamad over his comments on the Petroleum Development Act (PDA) and the unfavourable terms it gives to the state.

Tan Kai, who is a political secretary to Chief Minister Abang Johari Tun Openg, called out the Pakatan Harapan chairman over his reasons for not repealing the PDA in his 22-year tenure as prime minister.

“Mahathir could have easily repealed PDA if he thought that it was not fair to Sarawak, as he had a two-thirds majority all the time,” Tan said in a statement yesterday.

Mahathir, who is also PPBM chairman, had reportedly said that his hands were tied as the PDA was drafted and approved before his time as prime minister, hence he could not do anything about the oil royalty and funds to be given to Sarawak.


‘Petronas exploring new energy avenues’

November 13, 2017

Does this affect the spirit of amanah PETRONAS is given in the Petroleum Development Act 1974?

Dateline 2017-09-26, NST:

PETROLIAM Nasional Bhd (Petronas) is considering venturing into renewable energy (RE) to stay relevant in the global energy industry, said president and chief executive officer Tan Sri Wan Zulkiflee Wan Ariffin.

Petronas could venture into solar, wind or other new energy sources, Wan Zulkiflee said, adding that the matter was in the evaluation stage.

“We are evaluating on what type of new energies are suitable for us and where we can make money. It is not a matter of just being involved in RE, or for the sake of following others who are already involved.

 


Petronas reforms bearing fruit

November 11, 2017

Like..  an increase in the fraction of expats in industry? A decrease? A pushing out of small, local rotiwinner companies?

Dateline 2017-09-25, NST:

THE transformation measures put in place two years ago when the oil and gas industry took a downturn are beginning to show results for Petroliam Nasional Bhd (Petronas).

The national oil company has posted stronger cash position, low gearing and good credit ratings while reducing expenditure by five per cent.

More importantly, Petronas’ net profit more than doubled to RM17.3 billion in the first half of this year from RM6.4 billion a year ago.

This was on the back of RM108 billion revenue compared with RM94 billion in the same period last year.


HERE’S WHY MALAYSIA’S FUEL PRICES KEEP GOING UP, EVEN WHEN THE WORLD’S OIL PRICES GO DOWN.

November 10, 2017

Take this with a pinch of chilli. Though, the article is articulate, and well written.

Dateline 2017-09-21, Cilisos:

While yesterday it had been announced that fuel prices will be dropping 2-4 cents this week, the gomen have been announcing a rise in fuel prices weekly since April. It doesn’t matter whether it’s RON95, RON 97 or diesel, they all went up. It would seem that until yesterday, for the past 10 weeks the prices of RON95 and RON97 made like Taio Cruz and kept going higher, higher, higher off the ground.


RM6b Petronas deals unlikely to be catalysts for oil & gas sector: AmBank Research

November 9, 2017

Pop quiz: what catalysts do you know?

Dateline 2017-09-18, The Sun:

AmBank Research is of view that a reported RM6 billion maintenance, construction and modification (MCM) contracts rollout by Petroliam Nasional Bhd (Petronas) is unlikely to work as a catalyst for the oil and gas sector, maintaining the sector’s neutral call.

It was previously reported that, Petronas has conducted a pre-award meeting for the delayed contracts which were expected out in the second quarter of the year.

“Petronas’ recent focus on reshuffling its upstream portfolio amid a review of its capital and operating expenditure against the backdrop of a lower crude oil price environment has negatively impacted the local services sector. It is uncertain whether Petronas would split the MCM jobs into six packages for a 5-year duration as earlier envisaged,” AmBank said.

Essentially, these new contracts, which are a relief for the sector, are to replace the existing service jobs currently held by the incumbents. These could offer a respite for vessel utilisation rates. However, in terms of value accretion, we do not expect any significant increase in day rates, given the currently depressed offshore market,” it added.