Massive management changes in Petronas unnecessary: Analysts

September 7, 2018

Dateline 2018-06-22, NST:

 Petroliam Nasional Bhd (Petronas) has performed respectably well during the recent volatile oil price environment and should not undergo massive management changes, analysts said.

Last year, Petronas recorded higher net profit of RM45.5 billion, after having gone through the steepest decline in oil price since June 2014, proving its resilience while remaining profitable, they said.

These comments come amidst recent changes in top management of government linked companies (GLCs) following the change in government after the 14th General Elections, and speculation of more to come.

Following the change of government since last month, government-linked and owned companies with their top leadership have become a hot topic of late among the public, following the stunning victory of Pakatan Harapan at the recently held polls.

While several GLCs have come under scrutiny and have seen management changes recently, other state-owned enterprises continue to focus on improving their businesses while at the same time distancing themselves from any controversies.

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Pipeline Technical Day 2018-09 (Hotel Armada, Petaling Jaya)

September 6, 2018

My Technical Division is Hosting the above event on 20th September, 2018.

Mr. Soren Hauch has a M. Sc. in Offshore Engineering and more than twenty years of experience in the offshore oil and gas industry, working in Denmark (2yrs), Norway (5yrs), United States (5yrs) and Malaysia (13yrs).

Soren is an experienced pipeline engineering professional with a R&D, service provider and operator background. Particular strengths are pipeline design and project execution with a thorough knowledge of industry best practice, regulatory requirements and trends.

Mr. Marian Copilet is currently holding the position of Technical Solutions Manager at Asia Pacific Oceaneering Services (Malaysia). He provides support to Oil & Gas operators, installers and design houses in the Asia-Pacific region. He works with customers very early in the sales cycle, from Concept through to Pre-FEED and FEED stages, to develop optimum solutions to field development challenges. Take a leading role in the preproposal clarification process, ensuring that customer specifications and other documents are well-understood by other OUS personnel. Mr. Copilet has more than 30 years of working experience.

Mr. Gareth Campbell is Regional Sales Manager for Asia Pacific based in Kuala Lumpur. His primary focus is promoting STATS’ range of pipeline isolation, intervention, repair and subsea equipment. He has played a key role in supporting STATS’ track record of successful isolation projects and long-term Emergency Pipeline Repair System (EPRS) contracts with international operators and contractors. Prior to relocating to Malaysia Gareth was Business Development Manager based at STATS global headquarters in Aberdeen, Scotland. Previous to joining STATS in 2011 as a contracts engineer, Gareth was a commercial analyst with GE Oil & Gas.

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Malaysia’s top court dismisses Petronas’ bid to challenge Sarawak’s control over oil

September 5, 2018

Linkbait and the historical record.

Dateline 2018-06-22, Straits Times:

Malaysia’s top court on Friday (June 22) turned down Petroliam Nasional’s (Petronas) application for leave to proceed with its bid to control oil resources and activities in Sarawak state.

National oil company Petronas had last month filed legal papers in the Federal Court seeking a declaration that it is the exclusive owner of the petroleum resources in the country, including in Sarawak state.

This came after Sarawak was granted complete mining rights over its territory in March by the federal government and formed its own oil and gas company, Petros.

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MOGSEC 2018-09

September 4, 2018

I”ve been asked to spread the word. Please register soonish, so as you don’t have to line up like the other muggles.

We are looking for exhibitors as well. Give your bosses the 2016 post show report, the brochures for the Sabah and Sarawak Pavilions, SME Pavillion, and most importantly, the forms to book space and sweet sponsorship deals. IGL clients, I am looking at you.

Do come and spend some money. Please.

MOGSEC 2018 Sabah Sarawak Pavilions Application for Space
MOGSEC 2018 SME Pavillion Application for Space
MOGSEC 2018 Application for Space
MOGSEC 2018 Sponsorship Flyer
MOGSEC 2016 Post Show Report
MOGSEC 2018 Brochure

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IEM Shout Out – 2018-10 Two Day Course on Understanding Process Control For Oil & Gas Production Operators, Technicians And Engineers

September 3, 2018

My technical division will be hosting a 2 day course on the 16th and 17th October 2018. It is worth 13 CPD points, and held at Wisma IEM. The course will be presented by Associate Professor Dr. Syamsul Rizal Abd. Shukor, Associate Professor Ir. Dr. Zainal Ahmad and Ir. Dr. John Eow.

The oil & gas production processes (such as sand separation, produced water treatment, seawater filtration, crude oil and gas treatment) require reliable monitoring and control strategy to maintain optimum operational performance. Moreover, process operations are always being affected by disturbances, which negatively affect product quality and cause unplanned process shutdown. Therefore, a good understanding and competency on the major oil & gas production process operations and control are vital for the production personnel. This 2-day course is designed to educate the participants on the engineering design and process control practices in the oil & gas production processes, such as sand separation, produced water treatment, and crude oil desalting.

The course will cover the following major topics:
• Introduction to Oil & Gas Production Processes (such as sand separation, produced water treatment, crude oil treatment, etc.)
• Basics of Process Control
• Process Characteristics: Static and Dynamic
• Final Control Elements
• Controller Algorithm and Controller Tuning
• Single & Multiple Control Loops

Upon completion, the participants will be able to understand the process control fundamentals related to oil & gas production processes.   Moreover, they will have the basic knowledge to apply the process control concepts in monitoring their production process performance, and for better controller tuning to optimize their production outputs.

Register here, or download the form here.

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Malaysian Iron and Steel Industry Federation asks for 3-year freeze on gas prices

August 28, 2018

I think S&P’s auto copy articles could do with some work.

Dateline 2018-06-21, S&P Global:

The Malaysian Iron and Steel Industry Federation has asked the government to maintain natural gas prices at the current level for about three years, it said Wednesday.

Gas Malaysia said on June 13 it would raise the price of natural gas to MR32.69/MMBtu ($8.15/MMBtu) from MR32.52/MMBtu currently from July 1 to December 31.

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Shell completes Malaysia LNG Tiga equity sale

August 27, 2018

Dateline 2018-06-20, Oil & Gas Technology:

Shell Gas Holdings (Malaysia), a subsidiary of Royal Dutch Shell, announced today that it has completed the sale of its 15 per cdent shareholding in Malaysia LNG Tiga Sdn Bhd (MLNG Tiga) to the Sarawak State Financial Secretary (SFS) for an agreed consideration of $750 million.

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Malaysian states’ quest for control of petroleum could complicate the regulatory landscape

August 26, 2018

Dateline 2018-06-19, Offshore Technology:

The regulatory regime in Malaysia’s upstream sector, dominated by PETRONAS for 44 years as the combined National Oil Company (NOC) and regulator, may become more complex due to recent political developments.

Long-running calls for greater control of resources and revenues for oil-producing states have increased in the past few years. Even more impactful may be the outcome of a pending court case brought by PETRONAS against the Sarawak state government’s assertion of full regulatory control of the sector.

PETRONAS’ case against the Sarawak government is scheduled for a hearing on June 21, with a significant prize at stake. Sarawak holds most of Malaysia’s oil and gas reserves and is home to the country’s LNG liquefaction plants.

…

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Petronas seeks clarity amid Sarawak’s O&G ambition

August 25, 2018

For the historical books

Dateline 2018-06-19, The Edge:

PETROLIAM Nasional Bhd’s (Petronas) court challenge of Sarawak’s claim of regulatory authority over oil and gas activities in the state has sparked a barrage of political responses and an angry backlash.

There was an outcry over the perceived trampling of state rights over oil and gas wealth in Sarawak. Many also began to question Pakatan Harapan’s pre-election promise to increase oil royalty to 20%.

But court documents viewed by The Edge indicate that the national oil company is pursuing a more precise question: who is in charge of upstream oil and gas activities in Sarawak?
For Petronas, it is a question that needs an urgent answer because operational continuity and investor confidence, which are vital to attract future investments, are at stake.

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FMM: Maintain electricity tariff, let Socso handle EIS funds

August 24, 2018

Dateline 2018-06-18, The Sun Daily:

The Federation of Malaysian Manufacturers (FMM) is urging the government to maintain electricity tariffs until Dec 31, 2020 and accord the Social Security Organisation (Socso) with the responsibility of managing funds collected under the Employment Insurance System (EIS), which is now under review.

Last week, Gas Malaysia Bhd announced that the average effective natural gas tariff for the non-power sector in Peninsular Malaysia will be increased by 17 sen or 0.5% to RM32.69/MMBtu for the period of July 1 to Dec 31, 2018 from RM32.52/MMBtu for the period of Jan 1 to June 30, 2018. The move has kindled concerns that electricity tariff rates will be hiked.

“While FMM is steadfast in its commitment towards energy subsidy rationalisation and although the 0.5% increase is lower than the previous period’s 22.97%, it is nevertheless still an increase in energy costs,” it said in a statement today.

Following that, FMM hopes that the new government will uphold the past Cabinet’s decision, announced on December 26, 2017, to maintain current electricity tariff rates in Peninsular Malaysia for Jan 1, 2018 up to Dec 31, 2020, in a bid to help relieve the energy cost burden on the manufacturing sector as well as to benefit the rakyat as household consumers.

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