SapuraKencana predicts oil price will take two years to recover

February 9, 2016

On hindsight, maybe SK needs to consider that ‘Winter has Come‘, and will be longer that forecast.

Dateline 2015-01-04, Financial Times:

One of Asia’s leading oilfield services groups has warned it expects crude prices to stay at sharply lower levels for up to two years.

Shahril Shamsuddin, chief executive of Kuala Lumpur-based SapuraKencana, also said the energy industry slump was hitting the order books of Malaysia’s fabrication yards, as new projects worth billions of dollars were shelved.

SapuraKencana supplies some of the world’s largest oil exploration and production groups, and Mr Shamsuddin said the supermajors had embarked on a relentless round of cost-cutting to protect dividend payouts, in a downturn that could prove to be worse than that of the 1980s.

…

 

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Tales from The Engineering Floor – Asnaf

February 3, 2016

So, I was at the closest Lembaga Zakat Selangor, since my current company is my first employer in 20 years that pays zakat.

A client calls up while I was there, and I tell them that I was at the payment office.

They go quiet for a while, and then say, “I know the oil & gas market is tough, but I didn’t think that you would be an asnaf.”

Go pay your zakat (corporate or otherwise), and spread the wealth.

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Dealers want weekly oil prices to be based on retail price

January 26, 2016

Sod that, let’s go back to laissez faire. Read The Will to Compete.

Dateline 2015-12-24, FMT:

The Petrol Dealers Association of Malaysia has suggested to the Finance Ministry to revise oil prices weekly according to the retail price.

Deputy Finance Minister Johari Abdul Ghani in a statement today said that the association had met with him recently and voiced their concerns on the current managed “float system.”

Under this system, oil companies send large quantities of petrol to operators if they predict that retail oil prices will drop in the following month, and vice versa.

“Oil companies are taking advantage of this system. If the proposed system is implemented, price hikes would not be too significant for both operators and customers,” he said.

He added that if current issues were not addressed, it could cause more than 3,200 fuel station operators – 70 per cent of whom are Bumiputera entrepreneurs, to suffer losses.

…

 

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UTP – OGCE 2015

January 20, 2016

I was honoured to be appointed a Judge during the event (Stallone voice now, “I AM DELAW!“).

I was a Judge for the Paper competition. Some interesting ideas cropped up during the presentation.

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Shout Out – Talk on “Personal Transformation in OSH”

January 12, 2016

This is a shout out for the IEM. My Technical Division will be  hosting a talk on the 16th January, 2016 by Saravana Kumar Ramasamy. It’ll be at 9am   (makan-makan at 8:30).

The management of safety and health in the oil and gas industry, like in others is also governed by Occupational Safety and Health (OSH) Act 1994 and the Factories and Machinery Act 1967. This talk intends to provide an overview of the statutory requirements, understand the individual responsibilities pertaining to the act.

Also, the participants are briefed on how to develop their professional safety leadership and management skills at workplace effectively. Subsequently, to develop the people around them in creating a safe culture for their respective organization through PERSONAL TRANSFORMATION.

Outline of the talk:
• Why Personal Transformation in OSH
• Defining Safety Culture
• Achieving Positive Safety Culture at Workplace
• Managing Safety and Health Challenges at Workplace
• Creating Right Safety Climate at Workplace through Mind Programming

 

 

Mr. Saravana Kumar Ramasamy is a Registered Safety and Health Consultant with the DOSH Malaysia since 2002. He obtained his Diploma in Occupational Safety and Health from Universiti Teknologi Malaysia in 2005 and then Masters in Occupational Safety and Health Management from Universiti Teknologi Malaysia in 2011. He is an active practitioner in the Occupational Safety and Health field since 2002.

Register here or download the form here. A map to Wisma IEM is presented here.

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IEM Shout Out – Half Day Workshop on Shell and Tube Exchanger Thermal Design

January 11, 2016

My technical division will be hosting a 1/2 day seminar on the 16th January, 2015. It is worth 3.5 CPD points, and held at Wisma IEM. The course will be presented by Ir. Anwar Ahmad.

During this Shell and Tube Heat Exchanger Thermal Design course, there will be overview on the thermal design for designing shell and tube heat exchanger by considering design, operational, and maintenance perspective. The design of the heat exchanger is extremely important, as it is the key element of a heat-exchanged system. This is not only on the desired temperature to achieve during operation but also when considering the optimum design prior procuring an exchanger. Furthermore, properly designed heat exchanger can reduce the turn-down time for maintenance as no frequent cleaning is required while operating the plant or platform. Technologies involved in this thermal technology will be discussed during the workshop to highlight the importance and advantages when designing and operating shell and tube heat exchanger (STHE).

Ir. Anwar Ahmad is a registered Professional Engineer with Board of Engineer (BEM), Corporate Member with Institute of Engineers, Malaysia (IEM), Corporate Member with Institute of Chemical Engineers, UK (IChemE), Chartered Engineer from Engineering Council, UK with more than eleven (11) years experiences in process engineering in oil and gas industry, mainly in design with engineering firm and operation for technical support during turn around.

Register here, or download the form here.

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BEM – Professional Engineer Renewal

January 5, 2016

It’s that time of the year again to renew your registration. Here’s a softcopy of the BEM CPD Annex 2 2015 that I created.

Donations of USD5 per copy used are acceptable, though the going rate is usually USD8.

 

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IEM Shout Out – Half Day Workshop on Shell and Tube Exchanger Thermal Design

January 5, 2016

This is a shout out for the IEM. My Technical Division will hosting the above workshop on Saturday  16th January, 2015 by Ir. Anwar Ahmad.

During this Shell and Tube Heat Exchanger Thermal Design course, there will be overview on the thermal design for designing shell and tube heat exchanger by considering design, operational, and maintenance perspective. The design of the heat exchanger is extremely important, as it is the key element of a heat-exchanged system. This is not only on the desired temperature to achieve during operation but also when considering the optimum design prior procuring an exchanger. Furthermore, properly designed heat exchanger can reduce the turn-down time for maintenance as no frequent cleaning is required while operating the plant or platform. Technologies involved in this thermal technology will be discussed during the workshop to highlight the importance and advantages when designing and operating shell and tube heat exchanger (STHE).

Ir. Anwar Ahmad is a registered Professional Engineer with Board of Engineer (BEM), Corporate Member with Institute of Engineers, Malaysia (IEM), Corporate Member with Institute of Chemical Engineers, UK (IChemE), Chartered Engineer from Engineering Council, UK with more than eleven (11) years experiences in process engineering in oil and gas industry, mainly in design with engineering firm and operation for technical support during turn around.

You can register here. Flyers may be obtained here.

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IEM Shout Out (N Sembilan) – Full-Day HAZOP Training For Team Members – A Practical Approach

January 5, 2016

The course has moved inter-state.

The Negeri Sembilan branch will be hosting a 1 day seminar on the 20th January, 2016. It is worth 7 CPD points, and held at Wisma IEM. Since I’m giving it, I expect hoards will have to be turned away at the gates. And I get to baaliiiik kampuungg.

A Hazard and Operability study is a formal and systematic and detailed examination of the process and engineering intentions of new or existing facilities which assesses the hazard potential and effects on the facility as a whole when operation is outside of the design envelope, or individual items of equipment malfunction.

This course is designed to educate participants in the HAZOP process from the perspective of a HAZOP team member. It is meant to provide both instruction and workshop sessions so that the participants:

  • Are familiar with the concept of ‘risk’
  • Are familiar with the theory behind HAZOP
  • Are familiar with the actual HAZOP workshop process
  • Have expectations as to what the HAZOP will (and won’t provide)
  • Understand what deliverables can be expected from a HAZOP
  • Have the opportunity to participate in HAZOP exercise in a safe environment
  • Opportunity to share HAZOP experiences

At the end of the session, the participants should:

  • Understand the responsibilities of all parties in the HAZOP
  • Have experience in a HAZOP session.
  • Understand the outcomes from a HAZOP session

Wata has 20 years of experience in the oil and gas industry, in both design and operations.

Register here, or download the form here.

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Shout Out – Two-Day Course on Safety Integrity Levels (SIL) Training For Workshop Participants

December 31, 2015

My technical division will be hosting a 2 day seminar on the 12th January, 2016. It is worth 13 CPD points, and held at Wisma IEM. Since I’m giving it, I expect hoards will have to be turned away at the gates. And it’s a big room, so I need to fill the seats.

In the Layer of Protection methodology, a Safety Instrumented Function (SIF) designed to eliminate the cause of a risk or minimize the consequence of an event. The expectation of the SIF’s reliability to perform upon demand must be defined so that it is designed appropriately. The Safety Integrity Level (SIL) study is a tool used this.

This full day course is designed to educate participants in the SIL process from the perspective of a SIL team member. It is meant to provide both instruction and workshop sessions so that the participants:

  • Are familiar with the concept of ‘risk’
  • Are familiar with the theory and terminology behind Layers of Protection, SIS, SIF, SIL and LOPA
  • Are familiar with the different SIL methodologies: risk graph, risk matrix, LOPA.
  • Have expectations as to what the SIL workshop will (and won’t) provide.
  • Understand what deliverables can be expected from a SIL workshop.
  • Have the opportunity to participate in SIL exercise in a safe environment.Opportunity to share SIL experiences.

Wata has 19 years of experience in the oil and gas industry, in both design and operations.

Register here, or download the form here.

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