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.
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.
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.
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%.
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.
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.