From the Borneo Post – Malaysia’s O&G sector to continue seeing highlights

June 17, 2011

Dateline 2011-06-05:

Malaysia’s oil and gas (O&G) sector continues to see some upside with fabricators consolidating, new contracts being awarded and further joint ventures in the works.

INVITATION TO TENDER: A host of companies in Asia are understood to have responded to invitations to tender for module construction, and these proposals are being evaluated by Chevron and Bechtel, the main LNG contractor for Wheatstone, says Ching.

According to the head analyst of ECM Libra Capital Sdn Bhd (ECM Libra) Bernard Ching, one notable highlight was MMHE Sdn Bhd (MMHE) and Sime Darby Engineering Sdn Bhd (SDE) entering into a memorandum of understanding (MOU) for the sale of SDE’s Pasir Gudang yard.

The yard, which consists of 130 acres, would be sold to MMHE for RM399 million.Ching believed that the price was close to book value and would be positive for both companies should the transaction materialise.

“The acquisition would effectively double MMHE’s yard space, giving room for its major order book growth,” he noted in his online report.

For SDE, the disposal would see the group having more resources to focus on cash cows like plantations, industrial and motors divisions.


Malaysia signs Canadian shale gas deal

June 17, 2011

Dateline 2011-06-03:

Canada’s Progress Energy Resources Corp has signed a $1.09 billion deal with state-owned Malaysian oil and natural gas giant Petronas to develop three of its shale gas fields.

While the deal, announced Thursday, marks Petronas’ first investment in Canada, it follows a series of Canadian natural gas acquisitions by Asian giants PetroChina, Korea Gas Corp., Mitsubishi Corp., along with South Africa’s Sasol Ltd., that together are worth nearly $9 billion, The Globe and Mail newspaper reports.


Lundin Petroleum farms-in to Malaysian Petronas oil block

June 16, 2011

Dateline 2011-06-03:

 Lundin Petroleum (TSX:LUP) says its Malaysian subsidiary has entered an agreement with Petronas Carigali Sdn to acquire a 75 per cent interest in an offshore oil block.

The company also says it will operate the Block PM307 offshore Peninsula Malaysia.

Petronas would hold the remaining 25 per cent interest in the Block.

Lundin says the block covers an area of just over 6,000 square kilometres and contains a proven oil discovery.

Lundin Petroleum now operates a total of 6 Blocks in Malaysia divided into 2 core areas.


From Bloomberg – Malaysia’s Tapis Crude Price to Drop as Futures End Rally

June 15, 2011

Dateline 2011-05-31:

Malaysia’s official selling price for Tapis oil, a benchmark in the Asia-Pacific region, will fall for the first time in six months, reflecting a decline in futures.

The low-sulfur crude will sell for $122.71 a barrel in May, down $4.08, or 3.2 percent, from April, according to a Bloomberg News calculation using a formula set by state-owned Petroliam Nasional Bhd. The company known as Petronas will formally announce official prices retroactively for May shipments later this week.

Brent crude futures in London are down almost 8 percent in May, set to snap an eight-month rising streak, on concernEurope’s sovereign-debt crisis will slow growth and damp fuel demand. The contract for July settlement on the ICE Futures Europe exchange today traded above $116 a barrel.


From Bernama – Natural Gas Price In Malaysia Still Cheaper Compare With Neighbours’

June 14, 2011

Dateline 2011-05-30:

The natural gas price in Malaysia is still cheaper than in neighbouring countries despite the increase today, says Minister in the Prime Minister’s Department Tan Sri Nor Mohamed Yakcop.

“Even before or after the increase, Malaysia’s price is still cheap compared to Thailand (RM18.23), Indonesia (RM21.04), Singapore (RM43.32) and Vietnam (RM18.70),” he said.

Nor Mohamed said this after announcing the increase in natural gas price from RM10.70 per million British thermal units (MMBtu) to RM13.70 per MMBtu in line with the increase in global energy prices.

The announcement was made at a joint press conference by Nor Mohamed and Minister of Energy, Green Technology and Water, Datuk Seri Peter Chin Fah Kui here Monday.


Saturday Star 2011-06-11 – Job Opportunities

June 13, 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.
  • Ras gas is looking for utility operators, power operators, panel operators, field operators, panning engineer, asset planning engineer, adviser (technical planning), facilities interface coordinator, rotating equipment engineering specialist, condition monitoring engineer, machinery control systems specialist, piping/ static equipment / integrity engineering specialist. To support “the power of the drop,” CVs to be submitted here. You can phone the local recruiters at +603 2078 1917/8. I believe RasGas is a JV, one of the partners being ExxonMobil.
  • Chiyoda is looking for people to be based in Bintulu: Civil QC Manager, electrical supervisor, instrument supervisor, instrument inspector, mechanical equipment supervisor, static/ rotating equipment supervisor, HVAC supervisor, piping supervisor, resident engineer, insulation supervior, painting supervisor, scaffolding construction coordinator, HSE officer. There are positions available in KL: piping engineer, senior piping engineer, civil and structural engineer, senior civil and structural engineer, process engineer, senior process engineer, mechanical engineer, senior mechanical engineer, M&E engineer, project engineer, senior project engineer. CVs to be submitted here.
  • Murphy is looking for quite a senior production superintendent 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 the Star – Sime Darby to dispose oil and gas assets

June 12, 2011

Dateline 2011-05-28:

A year after suffering massive losses from its oil and gas division, Sime Darby Bhd has taken a decision to exit this business by hiving off its two fabrication yards for RM695mil in cash.

Sime Darby has inked two non-binding memoranda of understanding to sell its Teluk Ramunia fabrication yard to Petronas Nasional Bhd for RM296mil and its Pasir Gudang fabrication yard to Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) for RM399mil.

Sime Darby said the disposals followed a recent “portfolio review” and that for the oil and gas division to move up the value chain and enjoy better returns, “the group would need to further commit its financial resources into a business which is no longer in line with the group’s strategic decision.”

You can subscribe to an online version of the paper at the e-browse site.


Surveillance Tools to bring Offshore

June 11, 2011

Apart from the standard list of items to bring offshore (slippers, toothbrush, gamma radiation dosimeter), I would suggest the following items be included in your standard kit:

  • chalk – to mark equipment / piping when you’re doing a bloomin’ P&ID site verification. Use it to mark flow direction, line numbers, dates, ‘Kilroy was ‘ere’ graffiti.
  • tape measure – it’s useful if you ever need to find access way dimensions, level heights, plot plan area. And if you bring the metal one, it makes a cool defensive weapon and an interesting injury report (“cut caused by inadvert operation of the tape measure release button.”)
  • laser pointer – this is controversial, but it makes line tracing (especially if the line is above you) a lot easier. Have two, in different colours. Purple for Mace Windu, red for Darth Vader.
  • gloves – typically not standard PPE equipment.
  • Notebook
  • Pens – a lot of pens, approximately one per day at location. Mine keep on getting donated to the denizens of the deep, when they slip out of my shoulder pocket and through the grating.
  • Camera – ease of documentation. Not only on site, but to make copies of documents when the photocopier is down, or there is no paper to be had.

What else do you like to bring? plumb-bob? Duct tape? Chewing gum?


From the Star – Sime Darby to dispose oil and gas assets

June 10, 2011

Finally. And how much is it for Sime’s engineering license? Silly me, isn’t Mustang the first in line?

Dateline 2011-05-27:

Sime Darby‘s wholly-owned unit Sime Darby Engineering has entered into two separate non-binding memoranda of understanding (MoU) with Petroliam Nasional (Petronas) and Malaysia Marine and Heavy Engineering Holdings (MMHE) for the proposed disposal of assets in the oil and gas division.

Sime Darby’s president and group chief executive Datuk Mohd Bakke Salleh said in a press release Friday that the company has decided to focus its resources in areas where it already has or could achieve sector leadership.

You can subscribe to an online version of the paper at the e-browse site.


From the Star – Gas M’sia – a growth story

June 9, 2011

Dateline 2011-05-24:

WITH rosy prospects, Gas Malaysia Sdn Bhd a unit of MMC Corp Bhd will make a compelling growth story for investors upon listing, according to analysts. Eventually, it may even rank high as a sound dividend-yielding stock.

“It will be a period of growth for Gas Malaysia for the next two to three years, especially with more gas supply coming into place as the liquefied natural gas (LNG) plant in Malacca is getting ready,” OSK Research head Chris Eng told StarBiz.

He said Gas Malaysia was constrained by gas supply but, with the second LNG terminal expected to be ready by year-end, it could provide gas to more customers.

You can subscribe to an online version of the paper at the e-browse site.