Kencana Petroleum secures EPCC contract from Murphy Sarawak

May 20, 2012

Dateline 2012-05-10:

Kencana HL Sdn Bhd, a wholly owned subsidiary of Kencana Petroleum Bhd (Kencana) has won a RM460 million to RM474 million engineering, procurement, construction and commissioning (EPCC) contract from Murphy Sarawak Oil Co Ltd (Murphy Sarawak) for the fabrication of offshore topsides.

According to OSK Research Sdn Bhd (OSK Research) the EPCC contract was for Serendah Production topsides facilities of the SK309/311 SPSA development project, which was part of Murphy Sarawak’s SK309/SK311 oil fields development located offshore Bintulu, Sarawak.

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Murphy contracts McDermott for deepwater Malaysia oil development Mc

May 19, 2012

How do I get in touch with Berlian  McDermott? How big is their cubicle in Regis?

Dateline 2012-05-09:

McDermott International Inc. (NYSE: MDR) subsidiary Berlian McDermott Sdn Bhd has won a contract for subsea engineering, procurement, construction, transportation, installation, and commissioning in deepwater offshore Malaysia.

The subsea infrastructure work is on Murphy Sabah Oil Co. Ltd’s Siakap North – Petai development and covers rigid flowlines, flexible risers, an umbilical, and subsea hardware and controls. Siakap is northwest of Labuan Island in waters 3,900 – 4,900 ft (1,189 – 1,494 m) deep.

Field architecture consists of two rigid, insulated, pipe-in-pipe production flowlines, one rigid water injection flowline, and one main umbilical connecting eight new manifolds and subsea distribution units to existing riser slots on the Kikeh FPSO. The development calls for five water injection and eight production wells, drilled from the manifolds at each of the four drill centers.

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Subsidy leads to gas issue

May 16, 2012

Yes, it does.

Dateline 2012-05-04:

Subsidised gas and the inflated demand it encouraged are some of the factors that led to the severe gas shortage faced by Tenaga Nasional Bhd (TNB), said International Gas Union (IGU) president Datuk Abdul Rahim Hashim.

“We started the subsidies after the Asian financial crisis, and we should not have continued doing that. We should have weaned ourselves off it and gone back to market prices after the economy picked up again.

“We have a system whereby one end is fixed (electricity tariffs), and generators are looking for the cheapest source of fuel. Gas is the cheapest of the lot, and since generators tend to use the cheapest resource available, that has pushed the system to the limit,” he told StarBiz in an interview.

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Saturday Star 2012-05-05 – Job Opportunities

May 7, 2012

Support me by purchasing my recommendations, or buying through my Amazon store. I need the money to pay for running this site. C’mone, where are those corporate sponsors?

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.
  • PETRONAS is asking you to refresh your outlook and transform your career. After you stop laughing, send your cv via this site. After you get in, send me work.
  • BP PETRONAS is looking for a Process Engineer, and HSSE Engineer. Send your cv here

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. Those of you who have dropped my name, thanks!

BTW, did I tell you that I am the Secretary of MOGEC?

For those of you who have a healthy skepticism to my industry, these books are for you:

  

Why We Hate the Oil Companies: Straight Talk from an Energy Insider, The Party’s Over: Oil, War and the Fate of Industrial Societies, Barbarians of Oil: How the World’s Oil Addiction Threatens Global Prosperity and Four Investments to Protect Your Wealth (Agora Series)

This week’s food promotion is … masak asam pedas. If you find nice places around PJ, let me know. I’ve tried the one across from the PJ State Police Station, and the shop next to Dewan MPSJ in PJ State.

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Esso minority shareholders told to reject Petron offer

May 4, 2012

Don’t know about you, but didn’t Esso sell EMB because it wasn’t making that much money?

Dateline 2012-04-20:

Kenanga Investment Bank Bhd, which is the adviser for Esso Malaysia Bhd (EMB) minority shareholders, has advised them to reject the takeover offer by Petron Corp, an affiliate of Philippines-based San Miguel Corp (SMC) so that they may benefit from the positive prospects of the oil and gas industry in which EMB operates in.

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Malaysia’s ambitious plan to transform its economy

May 1, 2012

Dateline 2012-04-28, and I’m being paid too low…

The government of Malaysian Prime Minister Najib Razak launched the Economic Transformation Programme (ETP) in September 2010 with the ambitious goal of doubling income per person to $15,000 to reach developed-nation status by 2020.

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The ETP aims to consolidate Malaysia’s oil and gas (O&G) offshore fabricators to become more competitive regionally. OSK said this could benefit Kencana Petroleum Bhd (>> Kencana Petroleum Berhad) and Malaysia Marine of Heavy Engineering Bhd (>> Malaysia Marine & Heavy Engnrg Sdn Bhd), the remaining two listed larger fabricators. Offshore services firms such as Bumi Armada (>> Bumi Armada Bhd) are seen gaining from investments in the energy sector.

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O&G Industry Set To Stimulate Sabah’s Growth In North Asia, BIMP-EAGA

April 29, 2012

Dateline 2012-04-09:

The oil and gas industry is set to play a leading role in stimulating growth for Sabah within the North Asia and the Brunei-Indonesia-Malaysia-Philippines East Asia Growth Area (BIMB-EAGA), said Chief Minister Datuk Seri Musa Aman.

He said Sabah is strategically located between the two major economic regions.

“One is the affluent markets of North Asia including Japan, Korea, Taiwan, Hong Kong and China, and second is the growth of developing markets within the BIMP-EAGA,” he said in his remarks when opening the 2012 Sabah Oil and Gas Conference and Exhibition here Monday.

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Esso petrol station operators face supply shortage

April 28, 2012

Dateline 2012-04-09:

Esso station operators in the Klang Valley claim that their businesses have been affected when they did not receive petrol and diesel supplies from the oil company lately.

The disruption in the supply of the commodity raised questions among operators of the petrol stations whether the problem was linked to the change in management following the take-over of Esso Malaysia Bhd by Petron Oil and Gas International Sdn Bhd.

Petron Oil and Gas International, a unit under San Miguel Corporation, acquired 65 percent interests in ExxonMobil International Holdings Inc including Esso petrol stations and the Esso oil refinery in Port Dickson in the transaction that was reported to have been concluded on March 30.

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Petronas’ Rapid Project Progresses As Scheduled

April 25, 2012

Dateline 2012-04-05:

Petronas said today its proposed Refinery and Petrochemical Integrated Development (RAPID) project, to be located in Pengerang, Johor, is progressing as scheduled.

In a statement, Petronas said RAPID’s proposed refinery would have a capacity of 300,000 barrels per standard day and it would supply feedstock for RAPID’s petrochemical complex as well as produce gasoline and diesel that meet European specifications.

The RAPID project aimed to capitalise on the growing need for speciality chemicals and to meet the demand for petroleum and commodity petrochemical products in the Asia Pacific region by 2016.

First announced by Prime Minister Datuk Seri Najib Tun Razak on May 13, 2011, the project has achieved several important milestones in the past few months.

Following the announcement, a detailed feasibility study on the proposed project was undertaken and completed in October 2011, it said.

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Fluor Wins FEED Contract for LNG Terminal in Malaysia

April 24, 2012

Dateline 2012-04-02:

Fluor Corporation announced today following a formal signing ceremony in Kuala Lumpur, Malaysia, that it was awarded a contract by PETRONAS Gas Berhad, a subsidiary of PETRONAS, to provide front-end engineering and design (FEED) services for a new liquefied natural gas (LNG) regasification terminal in Malaysia. The new terminal will supply gas to an adjacent 300-megawatt combined cycle power plant in the town of Lahad Datu, Sabah. Fluor booked the undisclosed contract value in the first quarter of 2012.

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