March 19, 2015
This is a shout out for the IEM. My technical division will be hosting a trip to Jutasama (I first read it as Jutamas :)) Sdn. Bhd. on the 27th March, 2015. You will be anointed with 2.5 CPD / PDP hours.
Just note that is a Friday.
Jutasama Sdn. Bhd. (Jutasama) is engaged in the design, fabrication, installation and commissioning of special tanks, pressure vessels, piping and specialised processing equipment required by the chemical industry, food processing plants and other engineering undertakings. The company is capable of fabricating products in accordance to major international codes or specifications in carbon steel, stainless steel, alloy and clad materials.
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Register here, and get the form here. Flyers for the above and other events may be obtained here.
Leave a Comment » | 
business opportunity, Chemical, Malaysia | Tagged: IEM, Jutasama, Shah Alam | 
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Posted by Wata
March 12, 2015
This is a shout out for the IEM. My technical division will be hosting a trip to Jutasama (I first read it as Jutamas :)) Sdn. Bhd. on the 27th March, 2015. You will be anointed with 2.5 CPD / PDP hours.
Just note that is a Friday.
Jutasama Sdn. Bhd. (Jutasama) is engaged in the design, fabrication, installation and commissioning of special tanks, pressure vessels, piping and specialised processing equipment required by the chemical industry, food processing plants and other engineering undertakings. The company is capable of fabricating products in accordance to major international codes or specifications in carbon steel, stainless steel, alloy and clad materials.
..
Register here, and get the form here. Flyers for the above and other events may be obtained here.
Leave a Comment » | business opportunity, Chemical, Malaysia | Tagged: IEM, Jutasama, Shah Alam | Permalink
Posted by Wata
January 13, 2015
Anyone have USD3M they would loan to me riba-free?
Dateline 2014-11-03, The Malaysian Reserve:
Crude oil prices have fallen by about 25% since mid-June to a four-year low. Brent crude futures, which is the leading global price benchmark for oil, dropped below $86 per barrel whereas US West Texas Intermediate (WTI) futures dropped as low as $79.44, the lowest since June 2012.
The negative spillover implications of a sustained period of lower oil prices are detrimental to the whole industry, and could lead to lower corporate earnings, reduced production and loss of jobs.
With oil prices hitting multi-year lows, the oil and gas sector seems to be looking bleaker by the day.
In Malaysia, national oil company Petroliam Nasional Bhd (PETRONAS) is the sole rights owner of all oil revenues.
If Petronas reduces production, it will affect supporting industries such as services provider Sapura Kencana Petroleum Bhd and marine engineering firms like Coastal Contracts Bhd.
Analysts have started to factor in the lower oil prices and have cut earnings forecasts for Malaysian oil and gas related companies.
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Leave a Comment » | business opportunity, Malaysia, oil and gas | Tagged: Petronas | Permalink
Posted by Wata
October 17, 2014
This is a shout out for the IEM. My technical division will be hosting a trip to Universiti Teknologi PETRONAS, Bandar Seri Iskandar, 31750 Tronoh, Perak Darul Ridzuan on the 23rd October, 2014. You will be anointed with 4 CPD / PDP hours.
BACKGROUND
The depleting natural resources and increasing challenges in exploring new oil field has saw the importance of Enhanced Oil Recovery (EOR) in oil production industry. EOR has been recognized by the Malaysian Government as one of the focus area in Oil & Gas NKEA in year 2011.
The Centre of Research in EOR was established in Universiti Teknologi Petronas (UTP) in year 2006 to promote excellence in EOR research that mostly addresses the needs of industry and to manage laboratory services. Research in the area has continuously expanded at UTP since 2006. Most EOR research projects are conducted by the petroleum engineering staff and the topics are mostly conventional topics such as subsurface fluid flow, rock fluid interactions etc. In addition, there is an increasing interest from non-petroleum engineering researching EOR chemicals, application of waves, advanced materials among others.
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Tentative schedule:
- 7.00 am Bus departs from IEM, PJ
- 10.45 am Arrival at UTP and welcoming remarks by DVC RI
- 11.00 am Introduction to Enhanced Oil Recovery
- 12.00 pm Introduction to CO2 Management
- 1.00 pm Token of Appreciation and group photo
- 1.15 pm Lunch
- 2.00 pm Technical Visit to EOR Research Centre
- 3.00 pm Technical Visit to CO2 Research Centre
- 4.00 pm Adjourn 0945 Arrival at site
Register here and get the form here.
Leave a Comment » | business opportunity, Malaysia, oil and gas | Tagged: EOR, IEM, Tronoh, UTP | Permalink
Posted by Wata
October 13, 2014
This is a shout out for the IEM. My technical division will be hosting a trip to Universiti Teknologi PETRONAS, Bandar Seri Iskandar, 31750 Tronoh, Perak Darul Ridzuan on the 23rd October, 2014. You will be anointed with 4 CPD / PDP hours.
BACKGROUND
The depleting natural resources and increasing challenges in exploring new oil field has saw the importance of Enhanced Oil Recovery (EOR) in oil production industry. EOR has been recognized by the Malaysian Government as one of the focus area in Oil & Gas NKEA in year 2011.
The Centre of Research in EOR was established in Universiti Teknologi Petronas (UTP) in year 2006 to promote excellence in EOR research that mostly addresses the needs of industry and to manage laboratory services. Research in the area has continuously expanded at UTP since 2006. Most EOR research projects are conducted by the petroleum engineering staff and the topics are mostly conventional topics such as subsurface fluid flow, rock fluid interactions etc. In addition, there is an increasing interest from non-petroleum engineering researching EOR chemicals, application of waves, advanced materials among others.
..
Tentative schedule:
- 7.00 am Bus departs from IEM, PJ
- 10.45 am Arrival at UTP and welcoming remarks by DVC RI
- 11.00 am Introduction to Enhanced Oil Recovery
- 12.00 pm Introduction to CO2 Management
- 1.00 pm Token of Appreciation and group photo
- 1.15 pm Lunch
- 2.00 pm Technical Visit to EOR Research Centre
- 3.00 pm Technical Visit to CO2 Research Centre
- 4.00 pm Adjourn 0945 Arrival at site
Register here and get the form here.
Leave a Comment » | business opportunity, Malaysia, oil and gas | Tagged: EOR, IEM, Tronoh, UTP | Permalink
Posted by Wata
August 29, 2014
Dateline 2014-06-24, Rigzone:
Malaysia’s Hibiscus Petroleum Berhad announced Monday that its wholly-owned subsidiary, Timor Hibiscus Limited, has executed a Share Sale Agreement for the acquisition of 100 percent of the shares in Talisman Resources (JPDA 06 105) Pty Ltd., a wholly-owned subsidiary of Toronto Stock Exchange and New York Exchange listed, Talisman Energy Inc. The assets of the company acquired include a 25 percent stake in the Kitan producing oil field. Based on the current estimates, Hibiscus expects the Kitan oil field to contribute significant net cash to the company in the second half of 2014. At current oil prices, this will allow Hibiscus to book its first operating profit in 2014.
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Leave a Comment » | business opportunity, Malaysia, oil and gas | Tagged: Hibiscus, Kitan, Talisman | Permalink
Posted by Wata
July 18, 2014
Definitely link bait. Please bite. Greater Singapore, indeed.
Dateline 2014-050-26, The Establishment Post:
Pengerang used to be a fishing village famous for its succulent lobsters. Each weekend a good number of Singaporeans would take a two-hour drive to get to the southernmost tip of Johor on the east to savour Pengerang’s lobsters and other sea delights fresh from the Johor Straits. It had at least eight seafood restaurants, way too many for a tiny township.
Two years ago, reclamation work started in the coastal area of Pengerang and there were no more fishermen and neither was there any more coast for fishing. This was the start of a massive RM170 billion (US$53 billion) project called the Pengerang Integrated Petroleum Complex (PIPC).
This is said to be the biggest project ever by Malaysia in terms of scale and size. Lawmakers and corporate leaders claim that this project Pengerang in will turn Malaysia into a mega petrochemical. But what about the Greater Singapore plan?
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Leave a Comment » | business opportunity, Chemical, investment, Malaysia, Malaysian election, oil and gas | Tagged: Pengerang, Singapore | Permalink
Posted by Wata
June 24, 2014
Hah, and I always said we could have a bottled water vendor in the O&G space.
Dateline 2014-05-05, Seatrade Global:
A Sarawak-government linked group is believed to be looking at injecting MYR200m ($61.5m) in oil and gas (O&G) fabrication assets into a reverse takeover of loss-making bottled water company BIO Osmo to transform it into an O&G company, local reports said.
The speculation has also been prompted by recent changes in its shareholding, including the emergence of Tanjung Offshore managing director Harzani Azmi as a substantial shareholder in January.
Tanjung is looking for a core business after selling its offshore supply vessel business to Ekuiti Nasional for MYR220m in July 2012.The group has been on the look-out for a shell company for some time and Bio Osmo, which is debt free after having undergone a recent restructuring exercise, fits the bill.
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Leave a Comment » | business opportunity, Malaysia, oil and gas | Tagged: BIO Osmo, Ekuiti Nasional, Harzani Azmi, Tanjung Offshore | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 