From the Star – More solid oil and gas fabricator sector

September 30, 2010

Any backstreet companies in Balakong and Puchong been approached yet for consolidation?

Taken from the Star, dateline 2010-09-23:

The proposal to consolidate the oil and gas industry’s fabrication assets makes sense as local players will have to bulk up against others in the region to increase their likelihood of winning major contracts.

Analysts told StarBiz the proposal made sense as it would facilitate the winning of new contracts especially as demand for oil platforms picked up.

The proposal, suggested in the oil, gas and energy National Key Economic Area lab under the Economic Transformation Programme, would entail the merger or acquisition of smaller players by the bigger ones.

According to a source, approaches have been made to industry players and Petroliam Nasional Bhd on the proposal and they have been receptive although nothing concrete has been hammered out yet.

…

You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.

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Malaysia and Brunei sign offshore pact

September 29, 2010

Doesn’t the word ‘pact’ send shivers down your spine? I’m from the ‘Warsaw Pact’ generation, and fears when you were young just carry on into the silver and golden years.

From MECIP / Upstream:

Malaysia’s Petronas and Brunei’s government have agreed to jointly develop one of two offshore blocks off Borneo.

The offshore exploration areas, formerly designated as Block L and Block M and now renamed CA1 and CA2, were awarded to PETRONAS and Murphy Oil in 2003 but were cancelled in April after Malaysia and Brunei agreed that the blocks were not part of Malaysia.

Petronas and Brunei yesterday signed the production sharing agreement for Block CA1. Both countries hoped that the agreement for Block CA2 would be finalised soon.

“Both leaders noted that the signing represented a significant step forward in the development of cooperation between the petroleum authorities of both countries in this area,” the Malaysian government said in a statement.

Malaysia and Brunei also said there was potential for future cooperation beyond Block CA1 and CA2 and a possible joint venture in a third country in oil and gas exploration, reported Reuters.

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Shout Out – 2-Day Course On Specific Materials &Amp; Their Behaviour In Engineering Applications

September 28, 2010

This is a shout out for the IEM. My Technical Division will hosting a course on the 6th and 7th October, 2010. For a change, it will be held at TUS room, Wisma IEM, Petaling Jaya.  The course is worth 13 CPD or PDP points.

The course is designed to provide knowledge and understanding of the properties, characteristics and weldability of the following specific materials: –

  1. Stainless steel (austenitic, ferritic, martensitic, duplex)
  2. Aluminium and alloys
  3. Cryogenic steels (nickel and its alloys) and
  4. Creep resistant steel (chromium, molybdenum and alloys)

The applicable welding consumables, processes and techniques used for each specific material are also covered

The course will be presented by En. Mohd Faisal Yusof. Mohd Faisal joined TWI in 2001 after spending 7 years in the welding and gas industry and 3 years in teaching subject University of Kuala Lumpur. Originally trained as a welding instructor and lecturer, Faisal gained training in European Welding Technologist and Specialist at TWI UK. His early experience was spent on the development and maintaining quality of welding machines and gases in Oil and Gas industries and development of welding procedures and customer services

Faisal now works as Training Manager in TWISEA for welding inspection courses East Asia including Indonesia, Singapore, Philippine, Australia and Vietnam.

Flyers for the above and other events may be obtained here. A map to Wisma IEM is presented here.

I appeal to readers, come on and send yourselves and staff to these courses. I need the support.

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IEM Shout Out – CDM Validation and Verification Processes

September 28, 2010

This is a shout out for the IEM. My Technical Division will hosting a talk on the 2nd October, 2010. It’ll be at 10:00 am (makan-makan at 9:30 am). You still gotta climb those steps at Wisma IEM.

Malaysia signed the Kyoto Protocol on the 4th September 2002 and among others allows the investment from Annex 1 countries emission for “green project” in exchange for the certified emission reductions (CERs). The CDM process has a number of stagesonce the project design document (PDD) is prepared and submitted. The PDD is validated by operational entity (OE). Once the PDD has been approved by the national authority, the project can be registered by the executive board. The verification, also done by OE is to ensure the project implementation and monitoring is as per stated in the PDD. This is to be done prior to the issuance of CERs. The speaker will cover both processes i.e. validation and verification which are crucial to ensure a smooth development of a CDM project.

The speaker Ms Aminah Ang is the Head of Technical Section at the Management System Certification Department of SIRIM QAS International Sdn Bhd. She is responsible in ensuring the CDM Validation, Verification and Certification services are managed in accordancewith the UNFCCC’s Clean Development Mechanism Modalities and Procedures.

Get the form here.  Flyers for the above and other events may be obtained here. A map to Wisma IEM is presented here.

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Saturday Star 2010-09-25 – Job Opportunities

September 27, 2010

Support me by purchasing my recommendations, or buying through my Amazon store.

First off, if you need my help to submit your CVs, donate to the blog, and I’ll review your CV to see if it is worthy of my (and my associates’) expectations. If you can’t figure out how to donate, no need to ask.

  • Carigali Hess is looking for a Head Process Engineer, Senior Process Engineer, Senior Mechanical / Piping Eng, Elec Eng, Operations Support Executive. Email to job@carigalihess.com, indicating position applied for as subject of the email. Now you wonder, did Wata supply the right titles?
  • Talisman is looking for Senior Completion/Intervention Eng, Operation Support Eng. Apply here, and visit their site.
  • Sabic has an advert. They are looking for supervisors (elec, instr, mech). You can apply via email here or here. Or key in your resumes online here. Login under candidate login and password at the website.

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PETRONAS plans crude price formula change in 2011

September 26, 2010

Isn’t it ironic that Tapis field is not operated by PETRONAS? It’s still in the hands of a foreign multi-national.

From the Malaysian Insider, dateline 2010-09-23:

Malaysian state oil firm PETRONAS is reviewing its crude price formula, paving way for a change for the first time in eight years, industry sources said today.

The move comes after two other Southeast Asian producers Vietnam and Indonesia said they planned to review their price formulae, abandoning volatile local benchmarks in favour of European bellwether Brent to price their crudes.

Local markers suffer from low liquidity due to production decline at mature fields, with prices frequently diverging from global benchmarks, traders and analysts had said.

PETRONAS has been using 100 percent Tapis prices from the Asian Petroleum Price Index (APPI) since 2002.

…

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Sabah BN MPs to bemoan RM2.4b oil hub deal

September 25, 2010

And the SOGT continues to be a grinding mill for complaints and accusations. Aren’t you glad you didn’t do the engineering?

From the Malaysian Insider, dateline 2010-09-22:

The RM2.4 billion job to build a fuel terminal in Kimanis has sparked widespread discontent in Kota Kinabalu, with the state’s Barisan Nasional (BN) MPs expected to publicly complain in Parliament next month about the contract given to a company linked to Sarawak Chief Minister Tan Sri Taib Mahmud’s family.

With little fanfare on September 1, Naim Holdings Bhd announced that Samsung-Naim JV, a joint venture between its subsidiary NCSB Engineering Sdn Bhd and Samsung Engineering Co Ltd, had won a contract worth US$766.39 million (RM2.40 billion) from Petronas Carigali Sdn Bhd to provide services for the Sabah Oil and Gas Terminal project (SOGT), one of the country’s largest infrastructure project.

…

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From Bernama – PETRONAS Gas will the the winner in IPP Talks with Ministry

September 23, 2010

Taken from Bernama, dateline 2010-09-17:

PETRONAS Gas will be the winner in the ‘reimagined’ talks between first-generation Independent Power Producers (IPPs) with the Energy, Green Technology and Water Ministry, says a research firm.

OSK Investment Research said the outcome would be PETRONAS Gas’ transporting gas business model would continue even as the domestic gas supply in Peninsular Malaysia declined.

…

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From the Borneo Post: Malaysian O&G companies need incentives to move up value chain

September 22, 2010

Taken from the Borneo Post, dateline 2010-09-17:

According to HwangDBS Vickers Research Sdn Bhd (HwangDBS Research), the local companies were keen to tap the potential of Malaysia’s deepwater projects.

However, the high capital investment outlay needed to acquire asset and technology deterred most from venturing aggressively.

Previous tax incentives given by the government to encourage transfer of technology through acquisition of high-technology companies were no longer in place and this could put off potential investment.

…

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From the Star – O&G firms seek better rapport with PETRONAS

September 21, 2010

Taken from The Star, dateline 2010-09-17:

PETALING JAYA: A key issue hampering the progress of the local oil and gas (O&G) industry hinges on better communication of Petroliam Nasional Bhd’s (Petronas) development plans with other players in the industry, according to analysts.

An analyst with HwangDBS Vickers Research said there was limited engagement between Petronas and local players and this impedes the growth of local O&G companies.

“We are of the view that active dialogue with Petronas would give local companies ample time and opportunity to carry out the necessary groundwork for future developments,” the analyst wrote in a report.

The analyst said top on a wish list by industry players was to have greater clarity and better communication of Petronas’ direction and development.

…

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