From the Business Times – Malaysia, 4th Deepwater Oil & Gas hub?

August 1, 2010

I first found this article on the “Indonesian Stock Market” site, and the first thing that hit me was an attrotiuos font selection. How do you define a deepwater hub? How much engineering, procurement and fabrication has to be local talent before it stops being a “convenient place (for foreigners) to make a profit” and becomes “barangan buatan Malaysia”?

I’ve linked to the original article in the BT, dateline 2010-07-23:

MALAYSIA can become a key deep-water oil and gas (O&G) hub in the world, but this window of opportunity is not perpetual, says Deputy Prime Minister Tan Sri Muhyiddin Yassin.

The answer lies in its capacity and capability, he said, stressing that it is paramount for the country to leverage and build on existing O&G assets.

“If done right, Malaysia can become one of the world’s key deep-water O&G hubs after Houston, Rio de Janeiro and Aberdeen,” he said.

3 Comments | business opportunity, engineering, Malaysia, oil and gas | Tagged: | Permalink
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From Upstream Online – Malaysia works on first LNG terminal

July 31, 2010

A new skill to pick up fast. LNG importing and regasification will be important to the Semenanjung soon. I guess we’ll see a new influx of foreign engineers (Japanese?) to run the show. Or since MMC claims that PGB is its subsidiary, will we see them calling the shots? BTW, why is the Petronas Gas site a .com site, not a .com.my one?

Dateline 2010-07-23:

Petronas Gas expects to complete a study on the proposed construction of Malaysia’s first liquefied natural gas import terminal before the end of the 2010.

Chairman Wan Zulkiflee Wan Ariffin said the installed capacity of the plant is about 3.5 million tonnes (139 million cubic feet) per annum.

Petronas Gas is open to the possiblity of any third party, other than Petronas, which wanted to bring in gas into the country to meet shortage in supply, Wan Zulkiflee told reporters.

Other news stories can be found here and here.

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

Frontium -Bringing API-U to Malaysia

July 30, 2010

thought I would publish some photos of the event held on July 12th, 2010 under the auspices of Frontium and E2G, The Equity Engineering Group Inc.

Though, I think My-API might be a more catchy title…

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IEM Shout Out – Visit to Corro Shield

July 29, 2010

This is a shout out for the IEM. My technical division will be hosting a trip to Corro Shield, Bangi Selangor on the 5th August, 2010. You will be anointed with 3 CPD / PDP hours.

Corro-Shield (M) Sdn Bhd was founded in 1996 and since its inception the company has served the oil & gas industry in providing its products and services.

..

Tentative schedule:

  • 0945 Arrival at site
  • 1000 Safety Briefing
  • 1010 Round Table Introduction
  • 1020 Company Profile
  • 1030 Products and Services
  • 1200 Warehouse tour – Corrocap manufacturing and installation demo
  • 1230 lunch

Get the form here.  Flyers for the above and other events may be obtained here.

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From the Star – Gas M’sia gets new PETRONAS deal

July 27, 2010

Please, can someone tell PETRONAS to sell gas at market rates to industries in Malaysia? That’ll teach us a lesson to take our resources for granted.

And Why exactly is MMC making the announcement, not Gas Malaysia?

From the Star, dateline 2010-07-13:

MMC Corp Bhd said its 41.8%-owned subsidiary Gas Malaysia Sdn Bhd has signed a second supplemental gas supply agreement with Petroliam Nasional Bhd (Petronas) for an additional supply of 82 million standard cu ft per day (mmscfd) natural gas from the latter.

Gas Malaysia had last August secured a long-term supply of 300 mmscfd from PETRONAS.

“The additional supply of the 82 mmscfd natural gas shall be effective until Dec 31, 2011,” it told Bursa Malaysia.

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

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

Credit Cards and Airport Lounges – LCCT

July 26, 2010

I think I’ll start a series on what credit card entitles you free entry to various airport lounges I encounter as I travel round the region building up the Empire of Wata. Let’s start with  the Plaza Premier Lounge in  LCCT in Malaysia.

(I take no responsibilities for errors. If your card isn’t accepted, pay RM88 like the rest of us, or bring along a thick book).

American Express Malaysia

  • Platinum Charge Card
  • Platinum Credit Card (since when did Amex have credit cards?)
  • Singapore Airlines Kris Flyer Gold Card

Eon Bank

  • Platinum
  • Matta Platinum
  • Matta Gold

Alliance Bank

  • Premier Debit Card
  • Privilege Recognition Card

BMW Malaysia White Card Regular /Elite

Ambank

  • Platinum Business
  • Platinum Conventional
  • Platinum eCosway
  • Platinum al-Taslif

UOB Jakarta

  • UOB Buana TBK Platinum

UOB Malaysia

  • Preferred Platinum (Visa & Mastercard)
  • Midas
  • Kota Permai Platinum (MasterCard)
  • …Perak Platinum (MasterCard)
  • Clearwater Sanctuary Platinum (MasterCard)

RHB Platinum

Priority Pass

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

From Bernama – Oil And Gas Stocks Should See Upward Trend

July 24, 2010

Yeah, where is this upward trend? My profit margin has only increased by 1000+% year on year, below the industry standard. I would expect people to be throwing money at us, as if they were venture capitalists, and we have the next Facebook in the works.

BTW, doesn’t ECM Libra have a vested political interest to make things appear rosy?

From Bernama, dateline 2010-07-14:

Oil and gas stocks should see an upward trend going forward with more jobs expected for oil and gas providers, according to ECM Libra Investment Research.

“The sector is not without its shortcomings but on the flipside, valuations continue to be reasonable and we believe the key driver will be the impending news flow,” it said.

“One would have thought that crude oil prices have been above the US$70 level for long enough to ignite a multitude of projects the world over but the recovery in capital expenditure spend hence job flow have been slow coming,” ECM Libra said.

“Nevertheless, we believe that upstream spending will be back in tow, latest 2011, and continue to trickle in for the rest of this year,” it said in a research note Wednesday.

…

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IEM Shout Out – Alternative to Breaking Rocks with Explosives

July 21, 2010

This is a shout out for the IEM. My Technical Division will hosting a talk on the 13th November, 2010. It’ll be at 9:00 am (makan-makan at 8:30). You still gotta climb those steps at Wisma IEM.

Get the form here.  Flyers for the above and other events may be obtained here. A map to Wisma IEM is presented here.

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Gems found while Marketing – Jakarta

July 15, 2010

This is a tranquil place among the hustle and bustle of Jakarta. I was wondering up Jalan Malawai (don’t ask) when I found this place, at the corner of Jl. Malawai and Barito, near Pavilion Mahakam. Interesting, a public place in Central Jakarta where the water turbidity is on the correct side of black.

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OGFJ – Malaysia goes deeper and further afield

July 12, 2010

Here’s an article from the Oil & Gas Financial Journal. I was one of the hundreds interviewed, but I guess I’m Too Sexy for this Sheet:

When Malaysia´s Prime Minister Najib Tun Razak unveiled its highly anticipated New Economic Model (NEM) in March 2010, he re-emphasized the importance of the oil & gas industry for Malaysia. “In oil and gas, we have one of our nation’s most visible and valued champions in PETRONAS. It has built a strong brand internationally, and I believe now we must also help drive growth here in Malaysia with even greater support for local suppliers as it grows. Beyond the core oil and gas sector, however, Malaysia’s international energy expertise can help companies in this industry and beyond expand internationally by sharing its know-how, partnering on international bids and offering support on a truly global scale. The strength of having a well-developed pool of local talent and companies which are able to compete globally gives us a lead advantage.”

…

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