Deep Producer 1: Was there ever a plan to stay afloat?

November 24, 2020

Dateline 2020-11-02, FMT:

With the Deep Producer 1 languishing in Dubai pending a court auction for US$6.2 million in wharfage and related charges, questions are being asked as to the viability of its acquisition.

In March 2011, Ramunia Holdings Berhad (now TH Heavy Engineering Berhad or THHE), entered into a preliminary agreement to secure marketing rights to the vessel to allow it to bid for FPSO projects.

Ramunia went on to acquire the vessel for US$82.5 million, a 36.5% discount on its market value, substantially financed by bank borrowings.

The discount aside, Ramunia’s other justification for the acquisition was less clear. At the time, the company’s own disclosure sheet merely referred to “the prospects of time charter arrangement for any FPSO projects being secured”, but without specific details.


Unimas, Sarawak’s Utilities Ministry sign MoU on low pressure gas courses

November 5, 2020

Dateline 2020-10-05, Malay Mail:

Universiti Malaysia Sarawak (Unimas) today signed a memorandum of understanding (MoU) with Ministry of Utilities, Sarawak to develop modules and organise competency courses related to low pressure gas distribution in the state, this year.

In the ceremony at the university’s campus, here, Unimas was represented by deputy vice chancellor (Research and Innovation) Professor Wan Hashim Wan Ibrahim while the ministry was represented by its Permanent Secretary Datuk Alice Jawan Empaling.

Vice chancellor Professor Datuk Mohamad Kadim Suaidi in his speech, read by Wan Hashim, said the collaboration would ensure that the gas supply industry in Sarawak would be on par with the gas industry in the Peninsula and Sabah.

He said the university’s Engineering Faculty would develop several competency course modules on low pressure gas for the ministry’s Gas Distribution division in line with the state’s ordinance and regulations.


Shout Out – IECEx 2020-10

October 15, 2020

IEM invites you (yes, YOU!) to the IECEx National Virtual Conference 2020, 20th October (Tuesday) 8.30am to 5pm. Contact alex.looi@live.com.my, valli@iem.org.my or sitiaisyah@iem.org.my


Shout Out – MOGEC Golf Clinic

October 5, 2020

My organization will be having a Golf Clinic on 17th October 2020 (Saturday) at BOTH 8.00am & 2.30pm. Come along, and swing your club in front of other aspiring candidates! This will be at Pucak Alam Driving Range.

Help a brother out, we welcome corporate and individual sponsors. Let’s see, I need a recyclable big shopping bag, and a multitool…


Anniversary – Piper Alpha Disaster

July 6, 2020

Oil & Gas Engineers never forget.


IEM E-Library : A Selection of Process Safety Books

January 8, 2020

If you sign up for online access to IEM (you should), you have access to useful books via the e-library. As an example, I present some books for the process safety enthusiast.

IEM ELibrary 2020-01-04.jpg

 


IEM Shout Out – APCChE 2019 1 of 2

October 30, 2019

The place looks sparce, but there were 1600+ participants, I promise you. We want to beat that number, for the APCChE 2021, to be held in Malaysia. Be there.

 


IEM Shout Out – CAFEO37 IEM Malaysian Pavillion 2 of 2

October 23, 2019

We look forward to you joining next year at Da Nang, Vietnam. This year, YB Tuan Baru Bian officiated the opening. We look forward to next year. Book your places now!


IEM Shout Out – CAFEO37 IEM Malaysian Pavillion 1 of 2

October 16, 2019

We look forward to you joining next year at Da Nang, Vietnam. This year, YB Tuan Baru Bian officiated the opening. We look forward to next year. Book your places now!


IEM Shout Out – Family Day 2019

October 9, 2019

Family Day 2019