Saturday Star 2010-09-18 – Job Opportunities

September 20, 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.

  • RasGas is looking for field operators (onshore), shift supervisors, panel/senior operators. Walk-in on the 27th to 30th Sept 2010. The interviews will be held at AP recruitment offices. CVs to be submitted here. You can phone the local recruiters at +603 2078 1917/8. I believe RasGas is a JV, one of the partners being ExxonMobil.
  • I see that Qatar Petroleum is looking for people, and have a one page spread. You can visit  at AP‘s site for more information. Apply here.

2 Comments | Malaysia, oil and gas | Tagged: , , | Permalink
Posted by Wata

An Oil Rig’s Second, Scuba-Diving Life

September 19, 2010

An interesting combination of a hobby and work. Read about Seaventures.

From the Wall Street Journal, dateline 2010-09-18:

A onetime oil-drilling rig stands in crystal-clear waters dotted with tiny islands and their lush green hills. But most impressive is what’s underwater—an amazing array of coral reefs swarming with hundreds of species of multicolored tropical fish, sea turtles and other aquatic life. The rig has been converted to a hotel for snorkelers and especially for scuba divers.

…

“So far as we know, we’re the only ones in the world using an oil rig as a hotel and diving platform,” said Suzette Harris, the Singaporean owner. Her father-in-law, a regional Malaysian official, bought the rig in Singapore in 1988 (there, she said, “you can buy a used drilling platform just like you can buy a used boat.”). He had it towed into Borneo waters.

1 Comment | business opportunity, diving, Malaysia, oil and gas | Tagged: | Permalink
Posted by Wata

From the FT – PETRONAS Chemicals’ IPO: so many unanswered questions

September 14, 2010

A commentary on PETRONAS Chemical’s listing by a Financial Times blog post, dateline 2010-10-09:

The publication of the draft prospectus for an initial public offering is rightly regarded as an important moment in the process. It tells investors that the sale really is going ahead. But sometimes it doesn’t tell them much more than that.

The draft prospectus for the IPO of Malaysia’s newly formed PETRONAS Chemicals Group is a case in point: large parts of the document filed with the Securities Commission of Malaysia consist of rows of black dots and notes on contingent uncertainties.

Add to that the lack of clarity about how much of the company PETRONAS is putting up for sale, and it’s not surprising that no analyst has yet felt able to produce a comprehensive analysis of the company’s financial prospects and potential market valuation. (If there’s one out there, please let us know; you can contact us as explained here.)

Uncertainties abound. The 22 companies that make up the group have no joint operational or financial history, except as subsidiaries of the main PETRONAS group, and the new Chemicals group management has not yet had a chance to run the unit as a single entity.

…

Leave a Comment » | Chemical, engineering, Malaysia | Tagged: , | Permalink
Posted by Wata

Saturday Star 2010-09-11 – Job Opportunities

September 13, 2010

Eid Mubarak, all. And no, it isn’t today, but it was on Friday, 10/9/2010.

If you’re looking for the Saturday Star, it wasn’t published last Saturday, presumably as everyone went on leave, leaving the printing press open for thievery.

Here’s a set I found on sale at bookxcess. MAD’s Greatest Artists: The Completely MAD Don Martin (MAD’s Greatest Artists Series) will bring back the old memories of when MAD was MADder. And if you want a more complete collection, get Absolutely MAD Magazine – 50+ Years.

Leave a Comment » | engineering | Permalink
Posted by Wata

From the Star – PETRONAS Chemicals to list at PE of 15 times

September 12, 2010

From the Star, dateline 2010-10-09:

PETALING JAYA: PETRONAS Chemicals Group Bhd is likely to list at a price earnings multiple of around 15 times earnings, similar to what analysts are expecting in the coming listing of Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE), industry experts familiar with the exercise said.

The sources added that PETRONAS Chemicals would have a number of anchor investors, made up of both local and foreign institutions.

“As expected, the Employees Provident Fund will be wooed but so too will other funds, considering the size of the offering,” one banker said. Although no details have been revealed on the size of the offering, it has been reported that banking sources familiar with the company reckon it could be valued as much as US$2bil (RM6.2bil).

In a draft prospectus filed on Tuesday with the Securities Commission, PETRONAS said it had merged 22 chemicals companies to form the new group.

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

Leave a Comment » | Chemical, engineering, Malaysia | Tagged: , | Permalink
Posted by Wata

Ethiopia denies rebels chased oil, gas firms away

September 11, 2010

Ah, so PETRONAS didn’t run away from Ethiopia because they were chased out by rebels?

From the Somaliland Press, dateline 2010-10-03,

Rebel claims that Malaysia’s PETRONAS has stopped oil and gas exploration in Ethiopia are lies and three more firms are in negotiations to start exploration in the country, said its mines minister.

Ogaden National Liberation Front (ONLF) separatists and local media said state-owned PETRONAS had pulled out of the Horn of Africa nation after a gas field it was exploring was overrun by the militants in May.

…

Leave a Comment » | Malaysia, oil and gas | Permalink
Posted by Wata

From Business Times – PETRONAS sets Tapis oil at record high

September 10, 2010

And our contribution to the general rise of crude oil prices… not sure what a crack spread is, though.

From the BT, dateline 2010-09-08:

Petroliam Nasional Bhd, Malaysia’s state oil and gas company, increased a price-adjustment factor for its Tapis crude for this month’s shipments to a record.

The factor was raised by 40 cents, or 11 per cent, from August to US$4.10 a barrel for September, said an official at Petronas, as the Kuala Lumpur-based company is known, asking not to be identified because of corporate policy. Last year, the price factor averaged US$2.48.

The increase follows a recovery in margins for processing light crude such as Tapis into gasoil, or diesel. The product’s premium to Dubai crude, the Asian benchmark, was at US$11.38 a barrel today, up 42 per cent so far this year, according to brokers PVM Oil Associates. This crack spread is a measure of refining profit.

Leave a Comment » | business opportunity, Malaysia, oil and gas | Permalink
Posted by Wata

Saturday Star 2010-09-04 – Job Opportunities

September 9, 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.

  • Sabic has an advert. They are looking for a inspection & corrosion eng, rotating equipment eng, mech engineer (design), process eng, environment eng, project eng, SHE eng / industrial hygienist. You can apply via email here or here. Or key in your resumes online here. Login under candidate login and password at the website.
  • Wasco is looking for GM – Operations, PPSC Industries Sdn Bhd. You can apply via email here, or snail mail to Wasco Energy Group of Companies, Suite 19.01, Level 19, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 KL, Malaysia.

Leave a Comment » | Malaysia, oil and gas | Permalink
Posted by Wata

BP to Sell Malaysian Assets to PETRONAS

September 4, 2010

And the Deepwater Horizon event spills over into Malaysia (pun intended).

Taken from the New York Times, dateline 2010-09-01:

BP said Wednesday that it would sell some of its Malaysian assets to Petronas, the country’s oil consortium, in a deal worth up to $411 million, as it begins to divest itself of businesses to recoup the costs of the Gulf oil spill.

The British oil giant said it was selling its stakes in Ethylene Malaysia and Polyethylene Malaysia, both already operated and part-owned by PETRONAS, which BP called their “natural owner.”

The deal with Petronas includes a $363 million cash payment, a $15 million balance sheet adjustment, the repayment of a $53 million shareholder loan, and potentially a special dividend of $48 million from Ethylene Malaysia.

The sale does not, however, signal that the company is departing from Asia.

I look forward to the day BP wins deep water acreage in Malaysia, then we know that all has been forgiven, lessons learnt loss, and that money speaks louder than pelagics (I’m a diver, so sue me).

Leave a Comment » | diving, Malaysia, oil and gas | Tagged: | Permalink
Posted by Wata

Samsung Eng wins US$770m Petronas deal

September 3, 2010

Is this the SOGT whose design & construction contracts has been open to all sorts of accusations, least of which is incompetence?

From the Business Times, dateline 2010-08-31:

Samsung Engineering will build an oil and gas terminal in Sabah to produce 300,000 barrels of oil and 1.25 billion cubic feet of gas per day

PETRONAS Carigali Sdn Bhd (6033) has awarded a US$770 million (RM2.4 billion) contract to Samsung Engineering to build an oil and gas terminal in Sabah.

The plant, which will produce 300,000 barrels of oil and 1.25 billion cubic feet of gas per day, will account for 40 per cent of Malaysia’s crude oil production.

Samsung Engineering president and chief executive officer Park Ki-Seok said the contract reflects the company’s excellent project performance and the clients’ trust in the hydrocarbon plant sector.

“With expanding market share in the GOSP (gas oil separation plant) field and about US$50 billion (RM157 billion) invested annually, we plan to continue our drive to diversify our market and products in all upstream hydrocarbon fields such as offshore projects,” Park said in a statement.

For the Sabah project, Samsung Engineering will lead the engineering, procurement, construction and commissioning work with local partner NCSB Engineering.

The plant is expected to be mechanically completed in December 2013.

Leave a Comment » | investment, Malaysia, oil and gas | Permalink
Posted by Wata

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