Saturday Star 2016-04-09– Job Opportunities

April 11, 2016

Happy IEM AGM week. Donate to your favourite charity (me), buy my recommendations, or through my Amazon store. Or get the Young Turks series (all 4 books). 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’m looking for jobs for 3Q2016. Send me your POs.
  • Nothing in the papers this week.

Support your local bookshop!  Bookalicious at The Summit Subang is a good choice. I think they focus on trilogies, quadrilogies, and other ologies. Tell them I sent you, and enjoy the look of perplexity on their faces. Those of you who have dropped my name, thanks!

Food choice of the week? Any weight loss diet.

Let’s get a bit nostalgic with the book selection.

Wetter, Louder, Stickier: A Baby Blues Collection (Baby Blues Scrapbook), BBXX: Baby Blues: Decades 1 & 2, Bedlam

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

Petronas Gas FY15 earnings up 7.8% to nearly RM2b

April 10, 2016

Dateline 2016-02-24, The Star:

Petronas Gas Bhd earnings rose to nearly RM2bil in the financial year ended Dec 31, 2015 boosted by a one-off recognition of deferred tax asset (DTA) while it expects its agreements and utilities to underpin its steady performance for 2016.

It announced a dividend of 17 sen per share compared with 15 sen a year ago. For FY15, the total dividends were 60 sen compared with 55 sen a year ago.

Petronas Gas said it expected a challenging economic environment. However, it envisaged its steady performance to continue, backed by its solid business models under gas processing agreement, gas transportation agreements and regasification service agreement signed with its parent, Petroliam Nasional Bhd.

…

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Posted by Wata

Moody’s review of Petronas’ ratings to hinge on capex

April 9, 2016

Dateline 2016-02-24, The Star:

Moody’s Investors Service’s review of Petroliam Nasional Bhd’s (Petronas) rating will focus on whether the management plans any reduction in its capital expenditure (capex), operating expenditure and dividends.

The ratings agency said yesterday that its review would also look into how Petronas, which is a national oil company (NOC), manages its level of borrowings.

It pointed out that Petronas (A1) has maintained a financial profile that has been strong for its rating, while the sovereign’s rating was A3 Stable.

…

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Posted by Wata

Talisman holds hope for Sabah O&G jobs

April 8, 2016

Talisman, job provider.

Dateline 2016-02-19, Daily Express:

Talisman Malaysia Ltd is in the process of finalizing the design of a 3,700-tonne Wellhead Riser Platform and 350-tonne bridge that will link to the existing Kinabalu platform in the west coast of Sabah.

Construction of these new facilities, which started in April, is expected to generate new job opportunities for locals in the oil and gas sector, at a time when many players are feeling the crunch of falling oil prices.

The oil price dip has forced several companies to resort to cutting expenditure and workforce.

According to Talisman, the project would take about 18 months to complete.

“This development project will create opportunities for Malaysian suppliers and service providers involved in the fabrication, installation and commissioning phases, and also for the subsequent drilling operations that follow in the third quarter of 2017,” Talisman said in a statement.

…

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Posted by Wata

Petronas to conduct tests on gas pipeline

April 7, 2016

Dateline 2016-02-20, Borneo Post:

Petronas is conducting a series of tests on the Sabah-Sarawak Gas Pipeline (SSGP) from February 15 to July 3 as part of its continuous efforts to ensure the integrity and safety of SSGP that runs from Kimanis, Sabah to Bintulu, Sarawak.

In a statement yesterday, the company advised the public not to be alarmed by the occasional hissing sounds, increased number of vehicles and workers along the pipeline and flaring at the Sabah Oil and Gas Terminal (SOGT) in Kimanis.

It will continue to engage the communities residing along the pipeline to update on the progress and measures undertaken throughout the duration of the tests.

Petronas is committed to the highest levels of international HSE standards to ensure the safety of the communities and environment in all areas of its operations, the statement added.

 

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Posted by Wata

IChemE – SONG

April 6, 2016

At one of the IChemE Oil & Natural Gas Special Interest Group (SONG) events, I caught up with Jeff Jones.

 

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

Lower oil price is not a valid reason: SAPP

April 5, 2016

Dateline 2016-02-13, Daily Express:

Lower gas price is not a valid reason for the cancellation of the Lahad Datu Regasification Terminal which could have helped alleviate the energy woes of Sabah’s east coast region.

Sabah Progressive Party (SAPP) President Datuk Yong Teck Lee said the project was approved in 2012 and scheduled to be completed in 2015 and by the time oil and gas prices began to fall in the middle of last year, the project would have been completed or near completion.

“In any case, why would lower gas prices affect the Regasification Terminal investment? Would not lower gas prices make it more viable for our energy producer to produce cheaper electricity?” he said in a statement here, Friday.

Yong added that lower gas prices only means that Petronas Gas makes less profits from Sabah’s oil and gas.

…

 

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Posted by Wata

Saturday Star 2016-04-02– Job Opportunities

April 4, 2016

Happy Back to Home work. Donate to your favourite charity (me), buy my recommendations, or through my Amazon store. Or get the Young Turks series (all 4 books). 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’m looking for jobs for 3Q2016. Send me your POs.
  • Nothing in the papers this week.

Support your local bookshop!  Bookalicious at The Summit Subang is a good choice. I think they focus on trilogies, quadrilogies, and other ologies. Tell them I sent you, and enjoy the look of perplexity on their faces. Those of you who have dropped my name, thanks!

Food choice of the week? Any weight loss diet.

Let’s get a bit nostalgic with the book selection.

Wetter, Louder, Stickier: A Baby Blues Collection (Baby Blues Scrapbook), BBXX: Baby Blues: Decades 1 & 2, Bedlam

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

SC okays Sona Petroleum’s oilfield buy, notes ‘unfair’ price

April 3, 2016

You gotta read the full article, you shareholders, to figure out ‘unfair’ to who?

Dateline 2016-02-12, The Star:

Sona Petroleum Bhd has received the Securities Commission’s (SC) conditional approval to acquire the Stag Oilfield offshore Western Australia although the regulator also noted that the purchase price of US$50mil (RM207.8mil) was deemed “not fair” by an independent expert.

The special-purpose acquisition company (SPAC) told Bursa Malaysia that the SC had noted that technical and asset valuation expert Gaffney, Cline and Associates (Consultants) Pte Ltd (GCA), in its valuation report dated Jan 20, considered the purchase price “not fair”.
…

 

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Posted by Wata

Terminates pact to develop regasification plant in Sabah

April 2, 2016

Dateline 2016-02-11, Nikkei Asean Review:

Petronas Gas and Sabah Energy Corporation have mutually terminated a pact to jointly develop a liquefied natural gas project in the Malaysian state of Sabah.

“In view of the prolonged uncertainty of the regasification terminal Lahad Datu Project, the parties to the Shareholders Agreement have mutually agreed to terminate the said SHA effective 10 February 2016,” Petronas Gas said in a stock exchange filing.

In September 2013, Petronas Gas, which processes natural gas and operates pipelines in Malaysia, had offered Sabah Energy to acquire up to a 20% equity stake in the project.  The estimated 0.76 million metric ton per year plant was scheduled to start operation last year but a violent insurgency in 2013 led to an indefinite suspension of the project.
…

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Posted by Wata

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