Gas Malaysia: New industrial clients to pay double from 2013

July 15, 2012

When are we as a rakyat going to go energy efficient? Here are some energy saving tips.

Dateline 2012-06-12:

Gas Malaysia Bhd’s new industrial customers will have to pay double the gas price once the sole licensed operator and distributor of natural gas in Peninsular Malaysia starts selling at market prices, beginning 2013.

Its managing director and chief executive officer (CEO) Datuk Muhamad Noor Hamid said the market price will apply to the additional 110 million metric British thermal units (mmBtu) of gas it will purchase from Petroliam Nasional Bhd (Petronas) with 40mmBtu to be stepped up 2013, 30mmBtu in 2014 and 40mmBtu in 2015.

“The 40mmbtu step up volume has almost been fully committed,” he told reporters after Gas Malaysia’s listing ceremony in Kuala Lumpur yesterday.

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Posted by Wata

Gas Malaysia IPO

July 14, 2012

Ahh, I’m out of date. You can ask Google to get you the latest news.

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Posted by Wata

IEM Bulletin – Wata’s June 2012 Editorial

July 13, 2012

I wrote the editorial for this edition of the Bulletin. However, as I prone as I am to writing meandering, long-winded prose while injecting my version of British dry humour, the text got cut (or shall I say, shot) down.

Here’s the original meandering article, in all it’s glory. Read, then vote on which version is better.

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Posted by Wata

Tales from the Engineering Floor – Durian Paaarrrrttty!

July 12, 2012

The lengths they go to hide this from the public…

1 Comment | engineering | Permalink
Posted by Wata

Dayang considers going into development of marginal oilfields

July 11, 2012

Dateline 2012-06-09:

Dayang Enterprise Holdings Bhd, a service provider to the oil and gas industry, may venture into marginal oilfield development if the prospects are good.

Managing director Tengku Datuk Yusof Tengku Ahmad Shahruddin said the company would carry out thorough evaluations and seek guidance before deciding whether to participate in risk service contracts (RSC) for the development of marginal oilfields.

“We are currently not embarking on any study yet for marginal oilfields,” he told StarBizWeek.

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Posted by Wata

Petronas Appoints Mohd Anuar Taib As VP And CEO Of Development & Production Division

July 10, 2012

Congratulations, Datuk! Will we be seeing less of you on fb? On another note, did they split up the CEO’s office into sub categories?

Dateline 2012-06-08:

Petronas has appointed Datuk Mohd Anuar Taib as Vice President & Chief Executive Officer of Petronas Development & Production, effective July 1 this year.

The national oil company, in a statement here Friday, said he would head the upstream development and production division of Petronas in Malaysia as well as in 23 countries worldwide.

Mohd Anuar, who is currently the Vice President Malaysia, Upstream International and Chairman of Shell Malaysia, joined Shell in 1990 and will continue to serve Shell until the end of this month. A well engineer by discipline, Mohd Anuar was involved in various technical and business development positions throughout Asia and the United States.

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Posted by Wata

BEM: Seminar Proposed Amendments To The Registration Of Engineers Act 1967

July 9, 2012

Be interested in the changes. Register here, and download the form here. Don’t forget to send me a finder’s fee.

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Posted by Wata

Margin pressure crimps Gas Malaysia Q1 net profit

July 8, 2012

Dateline 2012-06-08:

Main Market-bound Gas Malaysia Bhd’s saw a 53.5% drop in its net profit for the first quarter ended March 31 to RM34.54mil from RM74.41mil a year earlier as a margin compression crimped earnings.

Its revenue increased 9.2% to RM506.58mil from RM464.06mil, said the company, which is scheduled for a listing on Monday.

In a statement to Bursa Malaysia, it said the rise in revenue in its natural gas and liquefied petroleum gas (LPG) segment RM506.6mil from RM464mil last year mainly due to the higher volume of gas sold and an upward revision in tariff effective June 1, 2011.

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Posted by Wata

Petronas Expects Oil Prices To Decline

July 7, 2012

Dateline 2012-06-08:

Petroliam Nasional Bhd (Petronas) expects the oil prices to decline on the back of economic uncertainty, said its chief operating officer and executive vice president (downstream business), Datuk Wan Zulkiflee Wan Ariffin.

“We’re not bullish in the coming quarters due to economic uncertainty and China as well as India are also starting to show weak growth,” he told reporters at the launch of its new oil and gas technology solutions here today.

The event was held on the last day of the 25th World Gas Conference.

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Anniversary – Piper Alpha Disaster

July 6, 2012

Oil & Gas Engineers never forget.

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Posted by Wata

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