I am presenting my annual Ramadhan talk under the auspices of IEM. It will be at 9.00pm, on the 8th (Saturday). Sign up here.
I don’t say that he doesn’t look great in the article photo, but 90s is asking for their photo back. And when is Yazid getting his Datukship?
Dateline (hey, there’s no date), The Star:
Oil and gas industry veteran Datuk Dr Ahmad Suhaili Idrus has been appointed chairman of the Malaysia Petroleum Resources Corporation (MPRC).
In a statement on Friday, MPRC president and chief executive Mohd Yazid Ja’afar said Suhaili Idrus’ appointment is part of the agency’s strategic effort to provide additional leadership experience to support its growth aspiration.
So, we’ll be having an ASEAN Engineers’ Registar open day on 6th March, 2021 (Saturday), starting 9.30am Puchong Time (that’s Malaysian time for the rest of the wold).
“We are delighted to inform you that the ASEAN Engineering Register (AER)) will be organising AER Open Day & ABC4E Virtual Exhibition on Saturday, 6th March 2021.
The event aims to promote the benefits of being AER members and encourage professional engineers and technologists to join the register. One of the benefits of being an AER member is providing awareness for the mobility of engineers around ASEAN countries. The event also focuses on the sharing session of Intra-ASEAN Trade opportunities. This event will be organised virtually.
We have lined up experts from ASEAN to share their knowledge and experiences in AER, business opportunities, and pathways to the mobility of engineers around ASEAN.
Please join us for this event on 6th March 2021 (Saturday) from 9.30 am onwardsGMT+8. Enclosed please find the flyer for your kind reference.
Registration can be made through the link below:
Disclaimer: I am currently the emcee, unless they fire me, or MTV calls.
I am presenting a talk under the auspices of MOGEC. It will be at 5.30pm, on the 25th (Thursday). So, suitable for everyone west of Indonesia. Sign up here.
Dateline 2021-01-31, The Edge:
A former staff of Aker Solutions ASA (Norway), who had sued the oil services firm for alleged abuse of court process, has received the go-ahead to serve her court papers on her former employer in Europe.
A High Court order obtained by Seetha Kumarasamy last month, sighted by theedgemarket.com today, allows her to serve the documents out of Malaysia’s jurisdiction, and it is understood that she will do so after the documents are translated.
The Norwegian firm will have 21 days to respond to the suit upon receiving the documents.
Three Malaysian units of Aker Solutions, which have also been named as defendants in the suit, have already responded. They have appointed the legal firm of Skrine & Co to represent them.
If you are interested in the new ETAC / EAC requirements. EAC 15, 16, 17 March, ETAC 22, 23, 24 March. 80 participants only. Link is here.
You mean, it has not been operating since the March 2020 fire? How many heads have rolled? Wait, where’s my list of ‘get out of jail free’ C-level listing?
Dateline 2020-11-30, Argus Media:
Malaysia’s state-owned Petronas is on course to restart its 300,000 b/d Pengerang refinery joint venture with state-controlled Saudi Aramco in the first quarter of 2021, adding more capacity to a struggling Asia-Pacific refining market.
The Pengerang complex in southern Malaysia has been shut since a fire in March. Petronas said late last week that the project is transitioning to commercial operations and a restart of the refinery and petrochemical plants is planned for the first quarter of next year, in line with previous expectations.
The project’s atmospheric residue desulphurisation trains are also expected to be ready for start-up in the first quarter. Repairs are continuing on the diesel hydrotreater, which is targeted to come on line in October-December 2021. Aramco owns a 50pc stake in the project and will supply half of its crude, with the option to increase this to 70pc once the refinery is fully commissioned.
Dateline 2020-11-22, The Star:
Psst, Malaysia, wanna save more than a billion ringgit a year? We surely need to save money what with the government’s debts and liabilities rising to record highs due in part to the Covid-19 pandemic.
Every year, folks, we lose at least RM1.2bil in energy industry deals, observers say. We have way too many power plants. Our capacity to generate power (which we pay for) is way more than the maximum power used (peak demand) – a difference known as the “reserve margin”. The 2021 margin is set to be 48%, says a report by an energy planning body in the Energy and Natural Resources Ministry (specifically, the Planning and Implementation Committee for Electricity Supply and Tariffs, known as JPPPET, its Malay acronym).
The RM1bil loss is calculated on the excess above retaining a 25% reserve margin. But many other countries keep much lower reserve margins, at 15%.
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.