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Is it me, or are there no jobs of note this week?
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engineering | 
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Posted by Wata
I’ll believe it when my company’s liquidy increases a hundred-fold. ‘Course, it’s hard not to be able to increase the RM1.32 we have in our bank balance… we find more money down the side of the couch.
Dateline 2010-08-06:
Malaysia’s oil and gas service providers are expected to secure at least RM10-RM15 billion worth of jobs in the next 18 months, said ECMLibra Investment Research.
It said the oil and gas service industry looked promising and vibrant given the line-up of jobs ahead which were expected to be completed between 2013 and 2015.
“The jobs are related to enhanced oil recovery projects, deepwater, onshore downstream and also marginal fields.
“Petronas has already clearly indicated that it was time to step up investments at home given the declining local production and we believe redevelopment projects like Tapis will be the first to go ahead,” ECMLibra said in its research note on Friday.
The research house added that the Tapis would likely take off soon followed by deepwater projects and then the front-end engineering and design jobs.
…
Leave a Comment » | business opportunity, engineering, Malaysia, oil and gas | Tagged: Petronas | Permalink
Posted by Wata
Oh, I can see this news article causing a look of disbelief on people’s faces. Maybe I should get the IEM to give a talk on the topic, so I can capture peoples’ expressions on my trusty Canon A-1.
Dateline 2010-07-21, taken from Bernama:
The Association of Independent Power Producers in Malaysia (Penjanabebas) on Wednesday said it is unfair to portray its members as beneficiaries of gas subsidy.
It said the cost of gas as a fuel to generate electricity is a component that the IPP industry does not derive any financial benefit from but instead, the savings from gas subsidy is passed on to consumers through the tariffs.
“Under the Malaysian IPP model – in line with the international norm in power purchase agreements – gas costs operate under a “pass” through” mechanism, whereby all gas supplies are provided directly to gas-fired generators at cost determined by the government.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: IEM, IPP, Penjanabebas | Permalink
Posted by Wata
Support me by purchasing my recommendations, or buying through my Amazon store.
First off, 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.
Kinda busy this week. My apologies if I’ve missed out on other adverts.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: Ranhill, Shell, Zadco | Permalink
Posted by Wata
About everyone who has a PETRONAS license (there’s another story) dream on getting onto the Vendor Development Program (VDP) or become a VDP vendor.
The VDP is meant to nurture Malaysian companies by allowing the selected company to be on a shortlist (of one, I think) of approved suppliers for different product categories. For example, Process-3 is the VDP for “upstream and downstream sectors ‘Online Toxic Decontamination’ Chemical & Services Provider”.
The selected company typically starts of being an agent or stockist for a product. By disallowing fair competition, the company is provided with the opportunity to invest in the product, either spinning off related product lines as a result of technology transfer, or by taking up the challenge of setting up a local product line.
You can read about articles praising the VDP program here, here and here (really old news this). Note that there is a CLUB for VDP vendors. Talk about protecting your interests.
There are a number of advantages to the VDP vendor:
I can see disadvantages here:
Of course, not everyone is as twisted as me and Jabba. I congratulate Corro Shield for graduating from the VDP program, which gives me hope that there are people out there with the interests of Malaysia and the rakyat at heart.
28 Comments | business opportunity, engineering, Malaysia, oil and gas | Tagged: Petronas, VDP | Permalink
Posted by Wata
You know that monger who always used to threaten you for your lunch money (y’know, the one who’s a meaner version of Buford). Well it seems like he grew up, put on a Spark Manshop suit, learned to read, and is still threatening the small kids on the block. And the kids still tattle to the teacher.
Dateline 2010-07-25:
KUALA LUMPUR: Petrol dealers claim they are being “bullied” by the oil companies and want the Government to intervene to safeguard their interests.
Petrol Dealers Association of Malaysia (PDAM) president Datuk Hashim Othman said among the problems faced by petrol stations were high rentals and conversion of sole proprietorships to private limited companies.
“We only have the Government to back us up. If the oil companies need us, they call us partners. When they want something, they shove it down our throats,” he claimed.
You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: petrol | Permalink
Posted by Wata
Support me by purchasing my recommendations, or buying through my Amazon store.
First off, 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 think I’ll recommend some computing books this week. You can get these books locally, though I don’t get a cut.
6 Comments | engineering, Malaysia, oil and gas | Tagged: Amogc, JCP, optimal, SCP, SPCo, Zadco, Zakum | Permalink
Posted by Wata
I first found this article on the “Indonesian Stock Market” site, and the first thing that hit me was an attrotiuos font selection. How do you define a deepwater hub? How much engineering, procurement and fabrication has to be local talent before it stops being a “convenient place (for foreigners) to make a profit” and becomes “barangan buatan Malaysia”?
I’ve linked to the original article in the BT, dateline 2010-07-23:
MALAYSIA can become a key deep-water oil and gas (O&G) hub in the world, but this window of opportunity is not perpetual, says Deputy Prime Minister Tan Sri Muhyiddin Yassin.
The answer lies in its capacity and capability, he said, stressing that it is paramount for the country to leverage and build on existing O&G assets.
“If done right, Malaysia can become one of the world’s key deep-water O&G hubs after Houston, Rio de Janeiro and Aberdeen,” he said.
3 Comments | business opportunity, engineering, Malaysia, oil and gas | Tagged: Deepwater | Permalink
Posted by Wata
A new skill to pick up fast. LNG importing and regasification will be important to the Semenanjung soon. I guess we’ll see a new influx of foreign engineers (Japanese?) to run the show. Or since MMC claims that PGB is its subsidiary, will we see them calling the shots? BTW, why is the Petronas Gas site a .com site, not a .com.my one?
Dateline 2010-07-23:
Petronas Gas expects to complete a study on the proposed construction of Malaysia’s first liquefied natural gas import terminal before the end of the 2010.
Chairman Wan Zulkiflee Wan Ariffin said the installed capacity of the plant is about 3.5 million tonnes (139 million cubic feet) per annum.
Petronas Gas is open to the possiblity of any third party, other than Petronas, which wanted to bring in gas into the country to meet shortage in supply, Wan Zulkiflee told reporters.
1 Comment | business opportunity, engineering, Malaysia, oil and gas | Tagged: Melaka, petronas gas | Permalink
Posted by Wata
thought I would publish some photos of the event held on July 12th, 2010 under the auspices of Frontium and E2G, The Equity Engineering Group Inc.
Though, I think My-API might be a more catchy title…
Leave a Comment » | business opportunity, engineering, Malaysia | Tagged: API, E2G, Frontium, RBI, User group | Permalink
Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 