February 7, 2013
Dateline 2013-01-30:
Qatar’s sovereign wealth fund plans to spend half of the $10bn it expects to invest in Malaysia on a petrochemicals complex aimed at transforming the southeast Asian nation into a global hub for the oil and gas trade.
The Pengerang Integrated Petroleum Complex in the southern state of Johor is expected to help Malaysia compete with neighbouring Singapore to become the region’s top petrochemical hub.
“We are in discussions about this. We may invest up to $5bn in the next three to four years into petrochemical projects here (in Pengerang),” Qatar Holding LLC Vice-Chairman Hussain Ali Al Abdulla told reporters in Kuala Lumpur yesterday.
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Posted by Wata
February 6, 2013
Will Datuk Mohd Anuar Taib be coming?
Refer to the fb post:
Warga XM yang dikasihi sekelian,
MRSM Muor kini berumur 33 tahun!
Let’s get together on Saturday, March 2nd to mark this special occasion at our beloved college!
Please3x, encourage your own batch to come…
It is time to mingle, catch up and cast your vote for the new XM exco as well as ALP KORUM (Koperasi MRSM Muar caw. Selangor)
Fee: RM50/adult
(Ansara Muar Maybank acc 564687104379, Please SMS Zahran @ XXX-7762041)
RSVP by 16th February.
1 Comment | investment, Malaysia | Tagged: MRSM, Muar | Permalink
Posted by Wata
February 6, 2013
Dateline 2013-01-29:
Having made several discoveries at fields offshore Peninsular Malaysia and Sabah this year, Lundin Petroleum AB remains bullish on Malaysia’s oil and gas sector.
“We remain very optimistic about the Malaysian oil and gas industry and plan to continue to evaluate new opportunities and grow wherever possible,” Lundin Petroleum head of corporate communications Maria Hamilton told Business Times.
On Lundin Petroleum’s capital expenditure in Malaysia for this year, Hamilton said:
“We plan to immediately commence our activities and will only make a decision on drilling and capital investment once we have sufficient time to fully evaluate the new data.”
Lundin Petroleum recently announced that it had been awarded the licence by Petroliam Nasional Bhd (Petronas) to operate a new block, Block PM319, offshore Peninsular Malaysia.
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Leave a Comment » | investment, Malaysia, oil and gas | Tagged: Lundin, Maria Hamilton, Petronas, PM319 | Permalink
Posted by Wata
January 10, 2013
I need to have a fleet of these vehicles.
I will have two types:
- The sleaze mobile. This will be pimped out to put the client into an agreeable mood, with smoking jackets and fake port, with disco lights, and lots and lots of pens.
- The MIB mobile. Seamless stainless steel interior, strategic drain points, rubber hoses and all the paraphernalia if the client isn’t into (1) above, or if aggressive negotiations are required.
I didn’t get Orogenics to open their van, to see what was inside.
32 Comments | business opportunity, investment | Tagged: Orogenics | Permalink
Posted by Wata
December 8, 2012
Kudos to a local company.
Dateline 2012-11-24:
THE global oil and gas industry is dominated by a number of well-established companies who supply the technology and equipment for all downstream and upstream activities. To break into this well-established group of international vendors and suppliers, you must be pretty exceptional.
One Malaysian company is up to the challenge.
ProEight Offshore Engineering Sdn Bhd is South-East Asia’s only maker of mechanical seals for the oil and gas industry. These seals are fitted to pumps and compressors to prevent leakages.
Globally, the demand for mechanical seals is met by a small number of well-established brands. But ProEight, a relatively young Malaysian company which started designing its mechanical seals in 2006, has set its sights on joining this elite group of manufacturers. It claims its seals are better and cheaper.
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Posted by Wata
November 13, 2012
Dateline 2012-10-14:
As gas consumption levels reach record highs in Malaysia and across the continent, the country is positioning itself as a regional trade centre for liquefied natural gas (LNG).
With a series of capital-intensive LNG investments, Malaysia will likely see a strong increase in LNG import-export volumes for some time to come.
However, muted economic growth in China and India, and with it slowing demand, could limit the country’s ability to export its new LNG production.
Heavy gas subsidies and increasing LNG demand, which has increased from 315 billion cubic feet (cu ft) in 1990 to more than 1,260 cu ft in 2010, a compounded annual growth rate of 7.2 per cent – is expected to result in Malaysia’s consumption rate outstripping production between 2011 and 2016.
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Posted by Wata
September 19, 2012
Dateline 2012-09-11:
SapuraKencana Petroleum Bhd, which will be busy tendering for jobs by Petroliam Nasional Bhd (Petronas) these few months, is set to secure new fabrication and marginal field contracts in the second half of this year, HwangDBS Vickers Research Sdn Bhd said.
“Contracts in the pipeline include the Pan Malaysia hook-up commissioning jobs worth RM10 billion and Petronas’ inspection, repair and maintenance contract, which may be worth up to RM800 million, as well as fabrication projects at the Samarang, Dulang and Bokor platforms worth over RM3 billion,” the research firm said in a report yesterday.
“(Additionally,) Petronas is expected to award two risk service contracts for the Tembikai and Cenang marginal fields near Block PM314 off the peninsula and the award of these contracts, possibly by the fourth quarter of 2012, could be a catalyst,” said HwangDBS.
HwangDBS believes that SapuraKencana is a top contender to bag major contracts from Petronas as it is the only player in the country that offers the full spectrum of services across the oil and gas (O&G) value chain.
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Posted by Wata
September 6, 2012
Dateline 2012-08-17:
The Malaysian oil storage terminal at Pengerang in the southern state of Johor is on track for a planned January 2014 start-up after the completion of land reclamation work and the commencement of work on jetties, a spokesman for the terminal operator said Friday.
The terminal is being developed by a joint venture between Dutch oil and chemicals storage provider Vopak (49%) and Malaysian terminal operator Dialog (51%), Pengerang Terminals Sdn. Bhd., which will also operate the facility once it is completed. The two partners own the facility through a second joint venture with the Johor government, which owns 10%.
The terminal will initially have a capacity of 1.3 million cubic meters of storage, with plans for a further 1 million cu m in a later expansion of the project’s first phase. A Vopak official said in April that work on the terminal had commenced, with the cost of the project pegged at $620 million.
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Leave a Comment » | investment, Malaysia, oil and gas | Tagged: Dialog, Johor, Pengarang, Vopak | Permalink
Posted by Wata
August 16, 2012
Yes, we have all seen the change of corporate branding along the North South Highway (and others) from Esso to Petron. But, for the less glamorous petrol stations, they still maintain the old corporate identity. Esso, we salute you. Now, if Shell would like to sell its downstream activities to … Carling?
3 Comments | investment, Malaysia | Tagged: Carling, EMB, ESSO, Petron | Permalink
Posted by Wata
July 3, 2012
Dateline 2012-06-05:
Petronas has approved plans to build a floating liquefied natural gas (LNG) plant offshore Malaysia and aims to bring it online in 2015, which, if it were successful, would make it the first such plant in the world.
Petronas’ main competitor in the race to bring the first floating LNG plant online is oil major Royal Dutch Shell which approved its Prelude LNG floating plant last year and has said it intends to bring the plant online by 2017.
The floating LNG plant will allow Petronas to drill and ship gas from fields that were either too small or too remote to be profitable previously, CEO Shamsul Azhar Abbas said at a gas industry gathering in Kuala Lumpur on Monday.
“This is an example where advancement of technology has made it economically feasible to monetise stranded gas in small and scattered conventional fields,” Shamsul said of the project.
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Leave a Comment » | engineering, investment, Malaysia, oil and gas | Tagged: FLNG, Petronas, Shamsul Azhar Abbas | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 