December 6, 2015
I guess this is only for PSC or PAC-type listings,
Dateline 2015-10-22, Global Capital:
The Securities Commission Malaysia (SC) is fine-tuning its rules for IPOs of mineral, oil and gas exploration or extraction (MOG) firms, following in the footsteps of several bourses in the region. The proposal brings Malaysia closer to international standards for MOG listings, but has elicited mixed responses from industry participants, writes John Loh.
Malaysia’s regulator released a consultation paper on October 15 seeking feedback on proposals it hopes will better govern IPOs from the MOG sector. The move comes amid increasing interest from such companies, either for listings or reverse takeovers of listed firms.
…
Leave a Comment » | 
investment, Malaysia | 
Permalink
Posted by Wata
November 8, 2015
Dateline 2015-10-04, Borneo Post:
The graduation of 579 Sarawakians from Institut Teknologi Petroleum Petronas (INSTEP), with its world-class technical education in oil and gas, is a big step forward for the state.
Deputy Chief Minister Datuk Patinggi Tan Sri Alfred Jabu Numpang said the way forward is to place emphasis on technical and vocational education to build up the fledgling market of expertise for the industry.
“Continue with this great effort to train more Sarawakian youths. If possible, increase the intake of students from rural areas,” said Jabu in his speech.
As an example, he added that his area Betong has 22 secondary schools which can provide a good source of Form Five school-leavers to be trained and then marketed into various industries in Malaysia or overseas.
…
Leave a Comment » | investment, Malaysia, oil and gas | Tagged: Alfred Jabu Numpang, Instep | Permalink
Posted by Wata
October 23, 2015
Dateline 2015-09-22, Borneo Post Online:
The Petroliam Nasional Bhd (Petronas), Shell and Technip-MMHE Joint Venture (TMJV) for the safe integration of the topsides of its Malikai deepwater platform onto the hull at Pasir Gudang, Johor provided much-needed education and skill to enhance Malaysia’s oil and gas talent.
According to Simon Ong, managing director of Shell Global Solutions Malaysia, Projects and Technology, the project was necessary as Malaysia needs the oil to sustain the revenue and energy needs of the country.
With them now having almost a full suite of deepwater technology, Ong said this will position Malaysia to be the hub of deepwater in the region as aspired by Petronas.
“This is a very important milestone for us in Malaysia,” he said in a recent site visit.
…
Leave a Comment » | investment, Malaysia | Tagged: Petronas, Shell, Technip MMHE | Permalink
Posted by Wata
October 20, 2015
Dateline 2015-09-19, Borneo Post Online:
Malaysia’s O&G industry had once experienced the positive impact of stable global oil prices as throughout 2013 and the first part of 2014, the local bourse (Bursa Malaysia) saw a rapid rise in the listing of O&G companies while O&G projects both domestic and international came at a steady rate.
However, by the later half of 2014, the price of crude oil took a nose dive and subsequently, the global O&G industry entered a new downturn, with many O&G companies especially those involved in the upstream segment, recording lower profits.
According to Bloomberg, since its peak in June 2014, the US benchmark West Texas Intermediate (WTI) crude oil price fell nearly 40 per cent. By December 2014, the WTI crude prices dropped to less than US$50 per barrel, with Brent oil prices following suit.
…
Leave a Comment » | investment, Malaysia | Permalink
Posted by Wata
September 11, 2015
Hail Eastern Europe.
Dateline 2015-08-05, Daily Express:
The district will be receiving foreign investments worth many billion Ringgit to build mega projects related to the oil and gas (O&G) industry here.
Member of Parliament Datuk Sapawi Ahmad, who disclosed this, said projects are expected to be constructed at the Sipitang Oil and Gas Industrial Park (SOGIP) in Sindumin that will have a huge impact on the development of O&G industry and socio-economic aspects here.
“I was made to understand that several foreign companies have shown interest to invest in our oil and gas industry in particular in SOGIP here that has a total acreage of 4.065-acre, as it is the only site exclusively for the O&G industry in Sabah.
“One particular investor is from Romania who have contacted the State Government through the Industrial Development Ministry to show their interest to spend their money in constructing a project in SOGIP. Only the concerned authorities would know the details on specific project that Romania hopes to invest here.
“These upcoming projects would bring positive impact to the industry and development of infrastructure and social development as well as helping the government in bringing about rapid development in the O&G industry in the State,” he said.
…
Leave a Comment » | investment, Malaysia | Tagged: Sapawi Ahmad, SOGIP | Permalink
Posted by Wata
September 4, 2015
Dateline 2015-08-04, Malaysia Reserve:
Petronas Gas Bhd’s pre-tax profit for the second quarter ended June 30, 2015, fell to RM527.10 million from RM578.92 million in the corresponding quarter of 2014.
Revenue declined to RM1.08 billion from RM1.10 billion previously due to lower utilities revenue.
In a filing to Bursa Malaysia, Petronas Gas said the lower revenue was due to electricity tariff rebate effective March 1, 2015.
Petronas Gas expected its 2015 performance for gas processing, gas transportation and regasification segments to remain stable.
…
Leave a Comment » | investment, Malaysia | Tagged: petronas gas | Permalink
Posted by Wata
August 22, 2015
You know the duit raya you received? Maybe now is a good time to think of investing in O&G stocks.
Dateline 2015-07-06, Borneo Post:
Analysts expect the second quarter 2015 (2Q15) results for oil and gas (O&G) companies to continue to be weak, reflecting slower activities and vessel utilisations.
Kenanga Investment Bank Bhd’s research arm (Kenanga Research) in a report, said the full effect of rate cuts is expected to only be felt earliest in the second half of 2015 (2H15) and will mainly affect Petronas-dependent stocks as compromise for discounts on existing contracts could be finalised during that time period.
However, it pointed out, “We expect contract flows to be stronger in 2H15 compared to 1H15 as oil prices stabilises and oil majors finished recalibrating their capital expenditure (capex) plans to operate optimally under the current oil price scenario.”
The research team, nevertheless, believed the overall, earnings for the sector in general are expected to decline year-on-year.
…
Leave a Comment » | investment, Malaysia, oil and gas | Permalink
Posted by Wata
July 25, 2015
Dateline 2015-06-10, Seatrade Maritime:
In a welcome change, Malaysia’s oil and gas (O&G) industry players are taking advantage of the market downturn to prepare themselves better for the future.
Local media reported that Terengganu state government, through its unit Eastern Pacific Industrial Corp (EPIC), is planning a MYR2bn ($533.5m) expansion for the Kemaman Supply Base (KSB) in the state.
Construction work on the project at the over 30-year-old KSB is expected to begin in 2016 and be completed in 2019.
“We have been planning for an expansion for a long time as we need to prepare for growth. We want to make sure that Terengganu is serious and be exposed to as many opportunities as possible in the oil and gas sector,” Terengganu chief minister Seri Ahmad Razif Abdul Rahman was quoted as saying.
…
Leave a Comment » | investment, Malaysia | Tagged: Ahmad Razif, KSB | Permalink
Posted by Wata
July 16, 2015
Dateline 2015-06-03, TMI:
Malaysia External Trade Development Corp (Matrade) has so far achieved RM76.4 million in sales at the two-day incoming buying mission (IBM) session of the 15th Asian Oil, Gas and Petrochemical Engineering Exhibition (OGA), far exceeded its target of RM50 million.
Its Deputy chief executive officer Datuk Dzulkifli Mahmud said the response to the biennial IBM was satisfactory, considering dealings were done over two days.
…
Leave a Comment » | investment, Malaysia, oil and gas | Tagged: Dzulkifli Mahmud, matrade, OGA | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 