Start investing. Can someone give me a soft loan?
Dateline 2014-04-28, The Star:
Norway-based Norges, one of the largest foreign funds investing in Malaysian equities, has been nibbling small to mid cap stocks that offer exciting upside here.
It has taken up small stakes in 53 Bursa Malaysia-listed companies, with total investments of around RM1.7bil, according to a fund manager.
Norges has a market value of 5,038 billion kroner (RM2.73 trillion) as of end-2013.
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Posted by Wata
Yeah, why dontcha?
Dateline 2014-04-26, Free Malaysia Today:
Chief Minister Musa Aman’s move to use bloggers to stoke discussions on Sabah’s oil and gas rights is a cowardice act, even if it is merely to gauge the federal government’s receptiveness, said political maverick Jeffrey Kitingan.
“It is not proper and transparent governance. The suggestion (to use bloggers to fight his battles) came up after he (Musa) refused to discuss the matter in depth during assembly.
“The Chief Minister should realise that it is not wrong for him and the state government to demand for ownership of Petronas.
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Dateline 2014-04-24, FMT:
Barakah Offshore Petroleum Bhd has won a RM260 million contract from Petronas Gas Bhd (PetGas) for the procurement, construction and commissioning (PCC) of the Pengerang gas pipeline.
The project is undertaken by PetGas as part of the expansion of the Peninsular gas utilisation pipeline network to Pengerang Integrated Complex, Johor.
The project is awarded to Barakah’s subsidiary PBJV Group Sdn Bhd in a 50:50 consortium with CPM Construction Sdn Bhd, a subsidiary of Indonesian company PT Citra Panji Manunggal, according to both Barakah and PGB in separate exchange filings on Tuesday.
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Dateline 2014-02-25, The Sun:
Natural gas distributor Gas Malaysia Bhd will expand into the energy business by teaming up with Tokyo Gas’ Energy Advance Co Ltd to provide electricity and steam through a combined heat and power (CHP) system to industries in Malaysia.
Gas Malaysia said the joint venture is in line with its overall strategy of maintaining its key position to be an innovative value added energy solution provider.
“The JV company will diversify Gas Malaysia’s business from gas distribution to energy business,” it told Bursa Malaysia yesterday.
Gas Malaysia will lead a 66:34 JV together with Tokyo Gas Co Ltd’s subsidiary, Energy Advance Co Ltd (ENAC), to develop and operate the CHP system.
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Dateline 2014-02-24, Business Times:
PROJECTS in offshore Malaysia are forecast to see the largest capital expenditure rise in the Asia-Pacific region at more than US$59 billion (RM177 billion) over the next five years, according to an oil and gas industry research.
The Regional Perspective Offshore Asia Oil and Gas Market Report to 2015 is forecasting that deepwater developments in Malaysia will continue to gather pace, with 84 fixed platform units and eight floating production units to be installed between 2011 and 2015.
Given such a scenario, Malaysia, in particular Petroliam Nasional Bhd (Petronas), has made the right decision to host the Offshore Technology Conference (OTC) Asia this year to provide a platform for industry professionals to share their technical knowledge and experiences.
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Dateline 2014-02-03, Platts:
A final investment decision for the floating LNG liquefaction project at the Rotan field in Malaysia has been reached, and it is on track to achieving first gas by 2018, US company Murphy Oil said Thursday during a presentation to discuss its 2013 financial results.
Murphy operates Block H offshore Sabah, where the gas will be sourced, while Malaysia’s state-owned Petronas will operate the 1.5 million mt/year FLNG facility.
On a call with analysts, Murphy CEO Roger Jenkins said the FLNG project “is now fully sanctioned by both parties and the oil-linked gas terms agreed. This is a major milestone for both companies.”
Petronas had said in June last year that it was aiming for FID by the end of 2013.
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Dateline 2014-01-03, Offshore:
Mubadala Petroleum has discovered gas in the Sintok structure offshore Sarawak, according to partner Petronas.
The Sintok-1 well was drilled in block SK320, 240 km (149 mi) northwest of Bintulu, to a TD of 2,775 m (9,104 ft). It encountered gas in the main target reservoir.
Analysis of well data indicates a 292-m (958-ft) gas column. Studies continue to assess the volume of the discovery.
This was the third gas find on the block since it was awarded in February 2010.
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Now, where is the phone number of my coal mine owner friend? Dateline 2013-12-09, Malaysian Insider:
Southeast Asia’s power sector will tilt away from gas to use more coal by the end of this decade, chipping away at demand for liquefied natural gas (LNG) as the region of more than 600 million people tries to cut costs to meet soaring electricity needs.
With a wave of LNG projects due to come online this decade, this shift in consumption from a region long-expected to be a key growth market could help take some of the heat out of rising Asian prices of the cleaner fuel.
Gas prices in Asia are about five times more expensive than in the United States, driven by demand for LNG from countries such as Japan and South Korea — whose nuclear power sectors are in crisis — and China, where stringent pollution control measures are driving a switch from dirtier coal.
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Dateline 2013-11-11, Azom (?):
The project by Queen’s University Ionic Liquid Laboratories (QUILL), in collaboration with Malaysian oil and gas giant PETRONAS, was the major winner at the Institute of Chemical Engineers (IChemE) Awards. As well as collecting the award for Outstanding Achievement in Chemical and Process Engineering, the team won the Sustainable Technology Award and Chemical Engineering Project of the year, marking it out as the best chemical engineering project for innovation in waste reduction.
This is The Apprentice’s Nick Hewer with Professor Jim Swindall, Co-founder of QUILL and Paul Haworth, Chief Process Engineer at Sellafield Ltd. Credit: Queen’s University Belfast
The QUILL and PETRONAS team were presented with their awards by The Apprentice star and Countdown host Nick Hewer at the awards ceremony in Bolton.
QUILL scientists beat off competition from companies and universities around the globe to win the awards. Their lab, the first of its kind in the world, developed a new ionic liquid material to remove hazardous mercury from natural gas. Ionic liquids or ‘super solvents’ are salts that remain liquid at room temperature and do not release hazardous vapours. They can be used as non-polluting (green) alternatives to conventional solvents, and are revolutionising chemical processes by offering a much more environmentally friendly and sustainable solution than traditional methods.
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So, how do SME’s break into this lucrative market? PETRONAS companies seem to have a rep of being reluctant in issuing small contracts to individual companies, with a penchant to use established call-out contracts with big-a players.
Dateline 2013-10-05, Malaysian Insider:
Petronas will continue helping Bumiputera companies but it will not award contracts to those with no track record in the oil and gas sector, said its CEO and president Tan Sri Shamsul Azhar Abbas (pic).
He said Petronas does not sideline Bumiputera companies as alleged by the Malay Economic Action Council (MTEM) but awards projects to them based on merit, transparency and competence.
Last year, Petronas gave out RM52.48 billion in contracts to companies which were majority-owned by Bumiputeras. It was almost double the RM29.35 billion awarded in 2011. In 2010, the total was RM25.97 billion.
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Wata - Malaysian Oil and Gas Engineer 