Yinson to Take Over Layang FPSO from THHE

January 21, 2018

Interesting…

Dateline 2017-11-30, MarineLink:

THEE (sic), which has the Layang FPSO contract with Japan’s JX Nippon. has applied to Kuala Lumpur High Court, Malaysia to allow it novate the contract and deliver the vessel to Yinson.
Yinson has confirmed this in the Bursa Malaysia filing on Wednesday, saying it has no objection to the THHE application.
The charter contract — which is for EPCIC and leasing of a floating production storage and offloading facility to be deployed at the Layang field in Block SK10, offshore Miri, Sarawak — was initially made between JX Nippon Oil & Gas Exploration (Malaysia) Ltd and THHE.

 


IEM Shout Out – 2018-01 Talk on “Talk on Environmental Due Diligence”

January 19, 2018

Dont’ play play.

My technical division will be hosting a talk on the 27th January, 2018 . It is worth 2 CPD points, and held at Wisma IEM. The talk will be presented by Mr Chiew Teck Wee.

Environmental Due Diligence is a process of identifying environmental risks and liabilities in order to help business to make informed decisions about commercial real estate transactions, or merger and acquisition (M&A). What are the common key issues associated with the hidden “can of worms” that may have significant implications on liability and risk? Major non-compliance/ violations Operational constraints imposed by environmental approval conditions/ permit-to-operate/ licenses Contaminated soil and groundwater. Unaccounted high waste disposal cost Long term remediation/ clean-up. Professional EDD assessors will identify the recognized environmental conditions at the property and if necessary, will recommend further investigation or assessment to characterize or estimate the potential liability or risk. Without EDD, unknowingly the owner may be held liable by simply owning the property. From site clean-up to compliance obligations and even third party legal actions, the remediation costs can easily run into the millions for the liable party. As such, EDD is a useful tool for the Buyer as well as the Seller because it enables both parties to make informed decisions to proceed with the transaction with negotiated terms & conditions, or to cancel the deal.

A chemical engineer by training,  Mr Chiew Teck Wee has 20 years of experience in environmental consultancy and project management. Mr Chiew received his degree from University of Malaya and later completed MSc in Environmental Technology at Imperial College London. He is registered with the Department of Environment (DOE) as Environmental Impact Assessment (EIA) Consultant. He is also a certified Lead Environmental Auditor. Mr Chiew has worked on numerous EDD projects with business, corporate clients and legal firms. He regularly provides consultancy and training on environmental compliance/ risk assessments and sustainability. Geographically, he has carried out environmental projects and studies in the Southeast Asia region, Kingdom of Saudi Arabia, Qatar and Sudan. Mr Chiew is the Managing Director and Founder of Riverstone Environmental Sdn Bhd. http://www.riverstone-enviro.com

Register here, or download the form here.


IEM Shout Out – 2018-01 Half Day Workshop on HAZOP and Sustainable Process Design for Undergraduates

January 19, 2018

This is underselling my presentation.

My technical division will be hosting a half day course on the 20th January, 2018. It is worth 4 CPD points, and held at Wisma IEM. The course will be presented by moi, Councilman Ir. Razmahwata Mohd Razalli.

The course is meant to provide undergraduates with both instruction and workshop sessions so that the participants:
•  Are familiar with the concept of ‘risk’and familiar with the theory behind HAZOP
•  Are familiar with the actual HAZOP workshop process. And Participate in a HAZOP exercise.

At the end of the session, the participants should:
•  Have experience in a HAZOP session.
•  Understand the outcomes from a HAZOP session

Ir. Razmahwata has 20 years of experience in the oil and gas industry, in both design and operations. He has HAZOP, HAZID and SIL workshop leadership experience on offshore facilities. He is currently the Lead Engineer of IGL Services Sdn Bhd.

Register here, or download the form here.


IEM Shout Out – 2018-01 Talk on “Oil & Gas Industry in Turbulent Times: Safe Place? Play Safe? Or Don’t Play Play?”

January 19, 2018

Dont’ play play.

My technical division will be hosting a talk on the 20th January, 2018 (yes, I am slow this year). It is worth 2 CPD points, and held at Wisma IEM. The talk will be presented by Ir. Lee Chang Quan.

In view of the hazards and risks associated with production, transportation, and handling of hydrocarbon, companies in the oil and gas industry have always given the pledge to have business top priority to the subject of safety. People may get injured or killed, and environment may be damaged. It is evident from the history that, if the hazards and risks are not managed properly, catastrophic disaster could happen, as in the case of Piper Alpha, Bhopal, or to the recent one at Macondo.

Managing safety has remained a top challenge though. In the time of market volatility, many oil and gas companies have taken serious measures to control cost so as to survive the turbulence. It is in this time of cost pressure that the pledge of maintaining health and safety as the top business priority will be tested.  This talk will look into the key safety management challenges faced in the oil and gas industry, and share on how these challenges could be managed, especially in times of turbulence.

Ir. Lee Chang Quan started his career as a mechanical engineer with a design engineering firm, and moved on to join a national oil company. His experience in the oil and gas industry include engineering, procurement, installation and construction activities in plant modification and rejuvenation projects. He has led a few feasibility studies, engineering management work and managing brownfield projects. Later, he moved on to undertake operational excellence and improvement roles at business level. He is now the Health, Safety and Environment Manager with one of PETRONAS subsidiaries, formulating HSE strategies and implementation plan. He is a trained internal auditor, involving in Tier 1, 2, 3 HSE Assurance Programs. He is an active trainer in HSE programs.

Register here, or download the form here.


Shout Out – IEM Employment Survey

January 5, 2018

The following is an email extract from the IEM. As a Council Member, with the intent of getting a larger participation of O&G in the IEM (let’s get the numbers for a VP voting bloc!), could you fill up the survey accessed via this link https://www.surveymonkey.com/r/JFF6LHS, and forward to your subordinates, HOD and staff for their participation?

“From: Janet Lim

Date: 27/12/2017 19:39 (GMT+08:00)

Subject: IEM Employment Survey

Dear Sirs/Madam Kindly be informed that the Standing Committee on Welfare had sent out a questionnaire for the IEM Employment Survey via email blast. If you have not completed the survey, we would greatly appreciate if you could click on this link to complete the survey. Thank you for your assistance.

Best regards Janet Lim

on behalf of Ir. DR. TAN CHEE FAI

Chairman Sub Committee on IEM Employment Survey”


Malaysia’s Petronas Gas 3Q Net Profit Down 1.2% On Year At MYR417.43 Mln

January 4, 2018

Dateline 2017-11-10, Nikkei Asian Review:

Petronas Gas, the gas processing arm of Malaysia’s national oil and gas firm Petronas, said Friday its net profit for the third quarter fell 1.2% on year on higher depreciation and rise in utilities cost of sales.

Net profit for the three months ended Sep. 30 stood at 417.43 million ringgit ($99.57 million) compared to 422.71 million ringgit a year ago, the company said in an exchange filing. Quarterly revenue was almost flat at 1.16 billion ringgit.

Petronas Gas said its liquefied natural gas regasification terminal in the state of Johor, has commenced commercial operation this month and will contribute to its revenue stream. The terminal has a total capacity of 490 million standard cubic feet per day.


January 2, 2018

This would be part of lifelong learning. And exploit those loopholes while you can.

Dateline 2017-11-09, Malay Mail:

The Environmental Quality Act 1974 will be abolished and replaced with a new act, said Director-General of the Department of Environment (DOE) Datuk Dr Ahmad Kamarulnajuib Che Ibrahim.

A new act, he said had to be formulated in line with current changes as the present one had been in use for more than 40 years while problems relating to the environment were now more challenging.

“The problems relating to the environment is becoming more complex…there are many other issues which arise in our country from technological and economic developments. The present act is not sufficient to tackle current issues.