From FT – Petronas tires of being piggy bank

June 25, 2011

Dateline 2011-06-09:

Interesting signals from Malaysia that Petronas may be tiring of being used as a piggy bank by the government, which relies on the state owned national oil company for more than a third of its revenues.

Shamsul Azhar Abbas, chief executive, disclosed to local reporters in Kuala Lumpur that Petronas is in talks with ministers over proposals for a dramatic shift in the way it pays dividends to its sole owner.

Up to now, the government has taken a flat M$30bn ($9.9bn) a year in dividends from Petronas, whatever its performance. That is a hefty contribution to federal government revenues, which last year amounted to M$199bn.

 


Unexpected Surprise

June 25, 2011

Ah, they let anyone in to these functions. I thank His Excellency for not subjecting me to the expected strip and body cavity search.


From the Star – Foreign-registered cars shouldn’t use subsidised fuel

June 24, 2011

Change ‘shouldn’t’ to ‘will pay triple for to’, remove the subsidies altogether, create a zippy (doesn’t have to be efficient) public transport network, and I’ll be happier

Dateline 2011-06-21:

The Petroleum Dealers’ Association of Malaysia supports the Government’s ruling to ban foreign-registered vehicles from using RON95 petrol.

Association vice-president Abu Samah Bachik said its 3,000 members felt the decision would prevent abuse of subsidised petrol by irresponsible parties.

“The ban is timely as it is unfair to allow foreign-registered cars to use subsidised petrol.

“Only local consumers should benefit from the subsidy,” he told The Star.

Abu Samah was commenting on the announcement by the Domestic Trade, Cooperative and Consumerism Ministry on June 15 that those driving foreign-registered vehicles would no longer be allowed to buy subsidised RON95 petrol and natural gas vehicle (NGV) products even if they show their MyKad.

You can subscribe to an online version of the paper at the e-browse site. The site technology is a bit out of date. You have to use IE7-8 to pay for a subscription, and there is no app. How will I be able to read The Star on my Nokia N95?


Shout Out – 2 Day Course on Maintenance Management: An Overview

June 23, 2011

This is a shout out for the IEM. My Technical Division will be  hosting a course on the 27th and 28th June, 2011. It’ll start at 9:00 and is worth 12.5 CPD hours. You still gotta climb those steps at Wisma IEM. They promise up that the elevator will be ready by the next AGM.

Objectives

  • To introduce participants to maintenance function in an organization and how maintenance support the organization objectives
  • To get participants to understand the best/world class maintenance practice criteria and benchmarking
  • To understand maintenance philosophy and practical application of the various types of philosophy in actual practice
  • To develop maintenance strategy for individual maintenance department
  • To develop skills in maintenance data and record analysis
  • To get full understanding on Asset Life Cycle Issues

Ir. Al-Khairi has a varied experienced in project, engineering, maintenance and reliability experience from various industries. Ir. Al-Khairi started his career a research assistant with Shell Research Centre in Thornton, United Kingdom in 1991. He came back to Malaysia and worked as a plant engineer with Associated Pam Malaysia Cement (APMC) Sdn Bhd, a cement plant, in Rawang, Selangor. He further developed his professional experience in oil and gas sector with Shell/PETRONAS via Malaysia LNG in Bintulu. He subsequently joined Uniqema Malaysia (an oleo-chemical plant), which is a subsidiary of Unilever and later ICI.

He went back to petrochemical plant when he became the Maintenance Manager with UCB Chemicals in 2002. His experience was enriched when he set up the facilities and equipment department with a world class Research and Development Company together with its factory set up. He then headed a similar role with a leading Medical Centre in Klang Valley prior to setting up his own consultancy company presently.

During his career, Ir. Al-Khairi has implemented various CMMS software’s such as SAP. MP2. Maintsavers and CWork. He also had won an award for his outstanding contribution on SHE excellent from ICI. Currently Ir. Al-Khairi is the Chairman of the Oil, Gas and Mining Technical Division of the Institution of Engineers Malaysia. Ir. Al-Khairi has developed an international alliance with other reliability Professionals under Uptime Alliance (see http://www.consciousasset.com and http://www.faqeh.com). Ir. Al-Khairi’s objective is to let the industry benefits from world class maintenance and reliability practices.

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


PETRONAS Will Intensify Crude Oil Exploration

June 23, 2011

Dateline 2011-06-06:

Malaysia’s state Oil and Gas Giant, Petronas will intensify Crude Oil exploration

Malaysia’s state Oil and Gas Giant, Petroliam Nasional Bhd or Petronas is “aggressively intensifying” its efforts in unleashing potential resources to boost oil production as the World struggles with the tightening of energy supply-demand balance.

Petronas’ Chairman, Shamsul Azhar Abbas said, when addressing the 16th Asia Oil and Gas Conference here on Monday, that Petronas is geared up to explore small and medium-sized oil fields that are yet to be discovered in the region, with the target of raising Crude Oil production by 1.7B bbls and the average recovery factor the ratio of recoverable oil reserves to the existing Crude Oil in a reservoir to above 30%.


From Business Times – ‘Marginal oil needs to be priced at US$80’

June 22, 2011

Dateline 2011-06-07:

Oil extracted from marginal fields, or hard-to-extract areas, may need to be priced between US$70 and US$80 a barrel, Dick Benschop, vice president for strategy at Royal Dutch Shell Plc, told reporters after attending the Asia Oil and Gas Conference in Kuala Lumpur today.

The company’s Gemusut field in Malaysia is on target to begin production at the end of 2012, Mohd Anuar Taib, chairman of Shell’s Malaysia unit, told reporters.

Its North Sabah field’s output is declining by about 5 per cent a year, Anuar said. — Bloomberg


Platts – AOGC: Shell Malaysia says output at Sabah oil field falling only 5% year

June 21, 2011

Dateline 2011-06-07:

Shell Malaysia said Tuesday that output at mature oil fields that it is operating in North Sabah, east Malaysia, are declining at 5% a year, which is much better than the double-digit rate decline experienced by other other Malaysian fields.

“[This is achieved] through a lot of asset integrity work, a lot of wells management … On a fleet to portfolio basis, our oil fields in Sabah are the ones that have the least decline rates for mature fields,” Anuar Taib, Shell Malaysia chairman, told reporters at a briefing Tuesday on the sidelines of the 16th Asia Oil & Gas Conference in Kuala Lumpur, Malaysia.

Shell has interests in more than 10 production sharing contracts in offshore blocks in Sabah and Sarawak.


Saturday Star 2011-06-18 – Job Opportunities

June 20, 2011

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.

The first advert is not in the Star. The intent is to form a full multi discipline project team for SKO pipeline rejuvanation. Among the activities anticipated will be deck extension, pipeline riser modification. Candidates have to perform engineering and design works, markup PFD P&ID layout design, in place analysis, structural integrity, equipment & line sizing etc. Positions open are:

  • Mechanical engineer
  • Structural engineer
  • Process engineer
  • Electrical engineer
  • Instrument engineer

The advertiser is looking for engineers 3+ and above (sounds like a kindergarten). Anyhoo, contact ipsmalaysia.

  • ExxonMobil has a two page spread. They are looking for a machinery project team lead (KL), senior maintenance leader (KL), senior maintenance leader (offshore), machinery specialist, Dresser-Rand/Kongsberg (offshore), maintenance supervisor (turbo machinery, offshore platform). CMMS Development Lead, turbo machinery advisor/planner, mechanical adviser/planner, electrical/instrument adviser/planner, crane adviser/planner, maintenance procedure / writer. Apply here. Hey, they left last week’s advert in.
  • Talisman is looking for a Senior Facilities Engineer. Apply here, and visit their site.
  • Here’s a secretive advert for an instrument commissioning engineer. Lets call so called company IGL. IGL ‘has 48 offices around the world.’ Apply here,

May I suggest that readers install the Waze app on their phones? And use it as much as possible?

Here are some books from the CCPS:

Links  

Guidelines for Safe and Reliable Instrumented Protective Systems
Incidents That Define Process Safety (CCPS Concept Books)
Guidelines for Process Hazards Analysis (PHA, HAZOP), Hazards Identification, and Risk Analysis


From Bernama – Oil And Gas Industry Needs To Undergo Structural Revamp

June 19, 2011

Dateline 2011-06-06:

The oil and gas industry needs to undergo a structural revamp to keep fuel prices low for its benefit and that of consumers.
“Players in the industry need to have more collaboration on a level playing field as well as compete at the same time,” said Pemandu Chief Executive Officer Datuk Seri Idris Jala in a special address delivered at the 16th Asia Oil and Gas Conference opened by Petronas Chief Executive Officer Datuk Shamsul Azhar Abbas here Monday.
He said there were more opportunities for industry players to collaborate, such as, in the sharing of storage and facilities, that could generate further cost reduction hence offering cheaper fuel products to consumers.
Later at a panel discussion, Idris said the world has to wake up to the fact that its needs fuel and there was a price to pay for it.
“I think many economies today do not put a real price tag on fossil fuel, which makes it difficult for further work to be done in other different industries.


From Forbes – PETRONAS: Oil should be in $75-$80 range

June 18, 2011

And I remember when we budgeted for a USD20 range. Dateline 2011-06-06:

The chief of Malaysia’s national oil company PETRONAS says global crude prices were overpriced and should ideally fall within the range of $75 to $80 a barrel.

Despite rising demand, Petronas Chief Executive Shamsul Azhar Abbas says there was no real evidence of oil shortages in the market and that current triple-digit prices appeared partly influenced by central bankers and financial speculators.

Shamsul said Monday that “given the current state of market fundamentals and cost environment, I believe prices should remain within the range of $75 to $80 per barrel.”