Japan’s Inpex wins stakes in two Malaysian oil prospects

January 25, 2012

Dateline 2012-01-17:

Japanese oil and gas explorer Inpex Corp has won stakes in two oil and gas exploration licences offshore Sabah from Petronas, Malaysia’s national oil company.

Petronas selected a four-year work programme Inpex had proposed to explore in deepwater blocks R and S, 180 km west and 120km northwest off the coast of Kota Kinabalu, an Inpex spokesman said.

Separately, Petronas said the minimum financial commitment for the two blocks are $123 million and $72 million respectively.

In Block S Inpex has a 75 percent interest and as the licence operator plans to drill two exploration wells in around 2014. The costs will be shared with Petronas, which has a 25 percent interest.

…

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Saturday Star 2012-01-14 – Job Opportunities

January 16, 2012

Support me by purchasing my recommendations, or buying through my Amazon store. I need the money to pay for running this site. Corporate level sponsors are encouraged.

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.

  • I’m looking for a senior process engineer, 7+ years experience. Send your cv here . Also looking for process safety persons, lead piping designer, lead instrument engineer, and other seniors you think will catch my eye.
  • Talisman is looking for a Senior Process Engineer (again?), Operation Engineer, Buyer. Apply here, and visit their site.
  • Nothing else this week. Or I missed it. Sorry, kinda busy

May I suggest that readers install the Waze app on their phones? And use it as much as possible? It says its a “a social mobile application providing free turn-by-turn navigation based on the live conditions of the road. 100% powered by users, the more you drive, the better it gets. Join the community of drivers in your area today!” It’s definitely getting better for the Klang Valley area, though we need more users from East Malaysia.

Support your local bookshop! Visit Bookalicious at The Summit Subang, good selection of imported books. I think they focus on trilogies, quadrilogies, and otherologies. Tell them I sent you, and enjoy the look of perplexity on their faces

Let’s talk a bit about deepwater books:

  

Deepwater Petroleum Exploration & Production, A Sea in Flames, Disaster on The Horizon

My food recommendation? Gotta be Jaffa Cakes this week. If I can get a standing order for them, let me know.

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

From Sinchew – O&G upcycle to begin this year: HwangDBS

January 12, 2012

Dateline 2012-01-04:

Malaysia’s oil and gas (O&G) upcycle will start in 2012 with Petronas going full throttle to sustain oil production, according to a research house.

HwangDBS Vickers Research said the national oil company’s record RM300 billion capital spending over five years would be a strong re-rating catalyst for domestic O&G players.

“Critical gas shortage in the country has also prompted Petronas to fast-track upstream activities, which will benefit local players,” it said in a note today.

…

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

From Borneo Post – Possible recovery for oil and gas sector in 2012

January 3, 2012

What exactly are we recovering from? Gemusut Kakap, hahahahahaha.

Dateline 2011-12-28:

Recovery for the oil and gas (O&G) sector may be in the pipeline next year in view of key potential tie-ups and new marginal oilfields to provide order book replenishment over the next few years.

Elaborating on this, OSK Research Sdn Bhd (OSK Research) in its recent report remarked, “We expect new contract awards, especially for the new marginal oilfields as well as the development of the existing marginal oilfields to start by the second half of 2012 (2H12) and peak well into 2016.

“By 2013, we should see some overlapping of shallow waters, marginal oilfields and deepwater activities, with the kick-starting of the Gemusut Kakap deepwater production.”

…

 

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

Saturday Star 2011-12-31 – Job Opportunities

January 2, 2012

Support me by purchasing my recommendations, or buying through my Amazon store. I need the money to pay for running this site. Corporate level sponsors are encouraged.

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.

  • I’m looking for a senior process engineer, 7+ years experience. Send your cv here . Also looking for process safety persons, lead piping designer, lead instrument engineer, and other seniors you think will catch my eye.
  • Dialog Group Sdn Bhd is looking for people. Send your cv here.
  • Nothing else this week.

May I suggest that readers install the Waze app on their phones? And use it as much as possible? It says its a “a social mobile application providing free turn-by-turn navigation based on the live conditions of the road. 100% powered by users, the more you drive, the better it gets. Join the community of drivers in your area today!” The more you use it, the better info I get in planning my journey round KL, and hopefully the rest of Malaysia.

Support your local bookshop! Visit Bookalicious at The Summit Subang, good selection of imported books. I think they focus on trilogies, quadrilogies, and otherologies. Tell them I sent you, and enjoy the look of perplexity on their faces

Let’s talk a bit about deepwater books:

  

Deepwater Petroleum Exploration & Production, A Sea in Flames, Disaster on The Horizon

This week’s food recommendation is… nothing. Though if you want to send me a coupon for halal turkey, stuffing, mince pie and cranberry sauce, I won’t say no.

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

Platts – Malaysia’s TLP eyes restart of Langsat oil terminal in Jan

December 28, 2011

Dateline 2011-12-22:

Malaysia’s Tanjung Langsat Port expects to restart full operations at its 100,000 cubic meters (628,981 barrels) oil and petrochemicals complex in January, a source close to the matter said Thursday.

As of now, the first discharge shipment into the terminal in Malaysia’s southern Johor state has yet to be fixed.

In August, TLP completed the reconstruction of two of its remaining oil product tanks — No. 1 and 2 — and also received approval from the Department of Occupational Safety and Health.

The other six tanks at the terminal have already received DOSH’s approval in mid-2010.

…

 

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Posted by Wata

From Bloomberg – Boustead Keen on Exxon Malaysia Assets If San Miguel Fails

December 27, 2011

Dateline 2011-12-22:

Boustead Holdings Bhd. (BOUS), a Malaysian plantations, engineering and financial services group, is still interested in buying Exxon Mobil Corp.’s oil and gas assets in the Southeast Asian nation if San Miguel Corp. (SMC)’s planned acquisition falls through, Group Managing Director Lodin Wok Kamaruddin said.

Exxon agreed in August to sell its entire 65 percent stake in Esso Malaysia Bhd. (ESSO) and some other assets in the country to the Philippine beer-maker for $610 million. While this won Malaysian government approval last month, the transaction has yet to be concluded.

…

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Posted by Wata

From Borneo Post Online – Malaysia’s O&G sector to flourish – MIDF Research

December 24, 2011

Dateline 2011-12-19:

Despite uncertainties stemming from slower global economic growth, the nation’s oil and gas (O&G) sector is expected to thrive next year following healthy order backlogs seen this year.

According to MIDF Research Sdn Bhd (MIDF Research), the acceleration of Petronas’s RM300-billion capital expenditure (capex) along with the development of the country’s liquefied natural gas sector (LNG) would provide cushion against the global economic slowdown.

“We believe 2012 will be an exciting year for the domestic O&G players in view of the potential announcement for sizeable projects like Malikai Deepwater project, the RM15-billion North Malay Basin, Petronas’s RM60-billion refinery and petrochemical integrated development (Rapid) as well as the floating LNG development,” pointed out MIDF Research.

…

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Posted by Wata

From Jakarta Globe – Malaysia’s PETRONAS Profit Up 54.3 Percent

December 17, 2011

Dateline 2011-12-02:

Malaysian state energy firm Petronas said on Thursday that its second-quarter net profit increased 54.3 percent from the year-earlier period, boosted by higher crude oil prices.

Petronas said in a statement that its profit for the three months ending Sept. 30 was 18.35 billion ringgit ($5.84 billion), up from 11.89 billion ringgit in the same quarter last year.

Revenue for the company, Malaysia’s only Fortune 500 firm, also increased 26.0 percent in the quarter to 71.83 billion ringgit year-on-year despite a “challenging” economic environment, it said.

…

4 Comments | business opportunity, Malaysia, Malaysian election, oil and gas | Tagged: | Permalink
Posted by Wata

Marketing Rounds – Facilities

December 16, 2011

As I do my marketing rounds, you have to make a pit stop once in a while. This particular building (okay, it wasn’t the client’s exclusive washroom) felt a tad … exposed.

6 Comments | business opportunity, Malaysia | Tagged: | Permalink
Posted by Wata

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