Wata – Malaysian Oil and Gas Engineer

Dateline 2011-07-29:

A Malaysian oil and gas specialist company announced on Thursday it would build a $100 billion cross-border gas pipeline that stretches through Malaysia, Brunei, Vietnam, Indonesia and China.

The 7,000 kilometre-long pipeline, said to be ASEAN and China’s first natural gas pipeline network would link Mersing in Malaysia’s Southern Johor state to an offshore utility platform in Northern Natuna Islands, Indonesia and extends to Vietnam’s Ho Chi Minh City and Hanoi, and eventually Hong Kong and Guangzhou in China.

The company Panelpoint said construction of the pipeline could begin in six months to a year although it has yet to receive a formal permit by the governments of the countries where the pipeline would lay.

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Dateline 2011-07-28:

Malaysia’s state oil firm Petronas on Thursday said it has made two significant gas discoveries in the shallow water areas off the west coast of Sabah state on Borneo island.

The company said its first discovery was at the Zuhal East-1 well, located in the Samarang Asam Paya Block southwest of Kota Kinabalu, the state capital of Sabah.

“The current estimate of gas-initially-in-place is about 550 billion standard cubic feet (bscf),” the company said.

Petronas Carigali, the exploration and production arm of Petronas, is the sole equity holder of the production sharing contract of the Samarang Asam Paya block.

The second discovery, at the Menggatal-1 well, is located in Block SB312, near Kota Kinabalu. The company estimates the gas-initially-in-place of about 650 bscf.

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Dateline 2011-07-27:

Malaysia and Southeast Asian countries should leverage on proprietary technologies to meet the surging energy demand and to stay internationally competitive, while utilising scarce energy resources effectively, said Deputy Finance Minister, Senator Datuk Donald Lim Siang Chai.

“I believe the petroleum industry also notices Malaysia as a rising star. Hence, we should leverage on proprietary technologies used by major petroleum companies like Total, Royal Dutch Shell and ExxonMobil, while maintaining both the economic viability and environmental sustainability of upstream operations.

“The right technologies will also help the country become “green”, in more than one way,” he said in his speech at the Production Optimisation Week Asia 2011 here Wednesday.

Last year, Malaysia’s petroleum exports amounted to RM101.2 billion, up 24 per cent from 2009. Over the last ten years, exports have been growing at an annual average of 13.5 per cent.

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Dateline 2011-07-26:

KUCHING: Hibiscus Petroleum Bhd (Hibiscus Petroleum) made its debut on the Main Market of Bursa Malaysia yesterday, marking the first ever listing made by a special purpose acquisition company (SPAC) on the board.

The company, which launched its initial public offering (IPO) on June 30, opened at 54 sen per share, with total volume of shares traded upon opening amounting to over 1.7 million.

At pre-listing, the group raised a total of RM235 million from its IPO that saw an oversubcription by 3.8 times of its public portion of shares

Nevertheless, Hibiscus Petroleum’s public portion only represented three per cent of its IPO shares, where the bulk the IPO proceeds came from a placement of 265 million new shares to selected investors that raised a total of RM199 million.

The IPO price of Hibiscus Petroleum’s shares was at 75 sen per share.

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Dateline 2011-07-26:

Malaysia’s state oil firm Petronas said on Tuesday that it had signed two separate agreements to distribute natural gas extracted from the Kebabangan cluster located in the state of Sabah in East Malaysia.

Petronas said in a statement that it had signed two agreements, the first of which detailed the purchase and aggregation of gas from Kebabangan producers, which includes Petronas Carigali, Shell Energy Asia Ltd (RDSa.L) and ConocoPhillips Sabah Gas Ltd .

The first agreement also detailed the sale of gas to customers in Sabah, Petronas said in the statement.

The second agreement detailed the supply of gas by Petronas and the Kebabangan producers as joint sellers to MLNG Dua Sdn Bhd at the Petronas liquefied natural gas complex in Bintulu, Petronas added.

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Support me by purchasing my recommendations, or buying through my Amazon store. I need the money to pay for running this site. Corporate level sponsors are encouraged.

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’m looking for a senior process engineer, 7+ years experience. Send your cv here . Also looking for process safety persons, and other seniors you think will catch my eye.
• MMHE are looking for some design and construction folks in the oil & gas sector. They are also looking for people in the Marine Repair & Conversion.  There was a walk-in interview session at the Zone Regency Hotel, on 7 August, 2011 (that’s short notice). Or you can visit the Jobstreet page.
• Technip is looking for a mess of engineers. Visit here soon. Apply to Synergy first.
• Her’s a new one. GasCo, a member of the ADNOC group of companies, is looking for engineers and technicians. Visit the website here and here, and ‘if you have a desire to grow’, email your cv here.
• Murphy is looking for a senior HSE engineer. Apply here.

May I suggest that readers install the Waze app on their phones? And use it as much as possible? It says its a “a social mobile application providing free turn-by-turn navigation based on the live conditions of the road. 100% powered by users, the more you drive, the better it gets. Join the community of drivers in your area today!”

How about a selection of books on chemical plants?

Ludwig’s Applied Process Design for Chemical and Petrochemical Plants, Fourth Edition,Process Plants: A Handbook for Inherently Safer Design, Second Edition, Chemical Engineering Design: Principles, Practice and Economics of Plant and Process Design.

Dateline 2011-07-25:

China Petrochemical Corp. and two partners said they plan to develop a “marginal” oil field off the coast of Terengganu in Malaysia.

China Petrochemical, or Sinopec Group, will hold 40 percent of the project and invest between $400 million and $700 million, according to a joint statement from the companies released in Kuala Lumpur today. The partners are International Oil Design & Construction Sdn. and Sabio Technology Sdn.

Malaysia is offering financial incentives such as investment tax allowances and lower taxes to encourage the development of less-profitable fields. The government is counting on these fields to help boost production in the nation, the second-largest oil and gas producer in Southeast Asia, as energy demand rises.

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Dateline 2011-07-23:

Exxon Mobil Corp. (XOM), the world’s biggest energy company by market value, will make a decision soon on selling part of its retail business in Malaysia, the Business Times reported, citing people familiar with the matter.

Exxon could raise about 1 billion ringgit ($336.5 million) by selling its network of 560 service stations in the Southeast Asian nation, according to the newspaper. That compares with Royal Dutch Shell Plc’s more than 900 gas stations in the country and Boustead Holdings Bhd. (BOUS)’s 330, it said.

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Anyone know the history of this bridge? It looks as if it was built such that the height of the span is adjustable. It’s located near Mutiara Plaza (don’t ask).

Wonder where the 26% number comes from.

Dateline 2011-07-22:

There is much anticipation awaiting in the oil and gas (O&G) services sector as further consolidation is expected to be announced in the second half of 2011 (2H11).

On the back of Petroliam Nasional Bhd’s (Petronas) move into ‘umbrella’ and ‘turnkey’ contracts, the increased scope of work that would require expertise from the entire exploration and production chain would motivate more consolidation within the smaller players, noted UOB Kay Hian (Malaysia) Holdings Sdn Bhd (UOB Kay Hian) in a recent note.

To recap, only 26 per cent of the total Malaysia’s national O&G reserves had been extracted. At present, developing and producing more oil fields remains Petronas’s top priority.

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