June 16, 2012
How about attracting foreign investors, then have PETRONAS charge market rates for gas?
Dateline 2012-05-18:
Its position as the sole licensed operator and distributor of natural gas in Peninsular Malaysia and a high dividend payout policy are among factors attracting investors to Gas Malaysia Bhd.
The debt-free company, with small capital expenditure requirements for the next few years, expects to pay out as dividends its entire consolidated after tax profit for the financial year ending Dec 31, 2012.
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Leave a Comment » | 
investment, Malaysia, oil and gas | Tagged: Gas Malaysia | 
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Posted by Wata
April 11, 2012
This is a shout out for the IEM. My technical division will be hosting a trip to Penjom Gold Mine, Kuala Lipis, Pahang on the 28th April, 2011. You will be anointed with 4 CPD / PDP hours.
Penjom Gold Mine is the largest producing gold mine in Malaysia and is owned by Indonesian based PT J Resources Nusantara. The mine is located in Kuala Lipis District, Pahang, 170km from Kuala Lumpur. A trip by road to Penjom may take 2 to 3 hours from Kuala Lumpur. Prior to 1990, mining activity at Penjom was intermittent during 19th and 20th centuries, exploiting oxide ore and alluvial deposit as well as into the deeper part by underground working. Production figure during this period was unknown. However, based on the intensity of old working underground shafts and tailing sand left over in certain areas, the amount of gold extracted must have been quite substantial.
A review of the economic potential of gold by the Pahang State Government in early 1990 led to major exploration work; which succeeded in bringing Penjom back to the world map as the pioneer large scale gold mining in Peninsular Malaysia by applying modern technology. Starting in December 1996, with less than 5 years resources, Penjom continues to grow and reached 1Moz of gold produced in 2007. Through systematic exploration strategy, Penjom is looking to increase the current 1.1Moz resources identified below the current topography.
Penjom is located 30km away from the major tectonic structure of Bentong Raub Suture, along a NNE splay of this structure. The deposits is hosted within shear vein and associated extension veins where the highest ore grade are associated with felsites intrusive which providesd physical and chemical contrast unit. Sedimentary rock host to ore zone is at times highly carbonaceous and produces significant problem to plant processing recovery. However, proper stockpile management and processing technique of Resin-in-Leach (RIL) have overcome this problem with 91% plant recovery achievable depending on the carbon level.
Tentative schedule:
- 07.00am Bus departs from IEM, PJ
- 09.30am ETA Penjom Gold Mine
- 09.30am – 11.30am Safety induction and project briefing
- 11.30am – 11.45am Mill tour
- 11.30am – 3.00pm Property and Mine Tour, Lunch, Photography session and End of Visit
Get the form here. Flyers for the above event may be obtained here.
2 Comments | engineering, investment, Malaysia | Tagged: gold, pejom | Permalink
Posted by Wata
April 6, 2012
Dateline 2012-03-19:
Malaysian shipping firms Bumi Armada Bhd and MISC Bhd are front runners for a contract to supply a floating, production, storage and offloading vessel to U.S-based oil and gas firm Hess Corp , the Edge Malaysia reported on Saturday.
Bumi Armada has partnered with Singaporean offshore services firm Ezra Holdings Ltd and MISC has joined hands with Malaysian offshore oil and gas firm Ramunia Holdings Bhd to bid for the job, the business weekly reported, quoting unidentified industry sources.
“It should be announced soon, the latest by the end of this month, if Hess wants the job to start by year-end,” the paper quoted an oil and gas official as saying.
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Leave a Comment » | investment, Malaysia, oil and gas | Tagged: Bumi Armada, Hess, MISC | Permalink
Posted by Wata
March 28, 2012
This is a shout out for the IEM. My technical division will be hosting a trip to Penjom Gold Mine, Kuala Lipis, Pahang on the 28th April, 2011. You will be anointed with 4 CPD / PDP hours.
Penjom Gold Mine is the largest producing gold mine in Malaysia and is owned by Indonesian based PT J Resources Nusantara. The mine is located in Kuala Lipis District, Pahang, 170km from Kuala Lumpur. A trip by road to Penjom may take 2 to 3 hours from Kuala Lumpur. Prior to 1990, mining activity at Penjom was intermittent during 19th and 20th centuries, exploiting oxide ore and alluvial deposit as well as into the deeper part by underground working. Production figure during this period was unknown. However, based on the intensity of old working underground shafts and tailing sand left over in certain areas, the amount of gold extracted must have been quite substantial.
A review of the economic potential of gold by the Pahang State Government in early 1990 led to major exploration work; which succeeded in bringing Penjom back to the world map as the pioneer large scale gold mining in Peninsular Malaysia by applying modern technology. Starting in December 1996, with less than 5 years resources, Penjom continues to grow and reached 1Moz of gold produced in 2007. Through systematic exploration strategy, Penjom is looking to increase the current 1.1Moz resources identified below the current topography.
Penjom is located 30km away from the major tectonic structure of Bentong Raub Suture, along a NNE splay of this structure. The deposits is hosted within shear vein and associated extension veins where the highest ore grade are associated with felsites intrusive which providesd physical and chemical contrast unit. Sedimentary rock host to ore zone is at times highly carbonaceous and produces significant problem to plant processing recovery. However, proper stockpile management and processing technique of Resin-in-Leach (RIL) have overcome this problem with 91% plant recovery achievable depending on the carbon level.
Tentative schedule:
- 07.00am Bus departs from IEM, PJ
- 09.30am ETA Penjom Gold Mine
- 09.30am – 11.30am Safety induction and project briefing
- 11.30am – 11.45am Mill tour
- 11.30am – 3.00pm Property and Mine Tour, Lunch, Photography session and End of Visit
Get the form here. Flyers for the above event may be obtained here.
2 Comments | engineering, investment, Malaysia | Tagged: gold, pejom | Permalink
Posted by Wata
March 20, 2012
And I thought it would dip down in five years, if you believe in economic cycles.
Dateline 2012-02-28:
The Malaysian oil and gas (O&G) output is likely to see an upswing within the next five years and continue to contribute significantly, together with the services sector, to gross domestic product (GDP).
Minister in the Prime Minister’s Department, Datuk Seri Idris Jala, said last year, the sector declined by 5.7 per cent and the lower oil output had affected economic growth.
Idris, who is also Performance Management & Delivery Unit (Pemandu) chief executive officer, said this when asked whether Malaysia was over-dependent on the O&G sector at a media briefing with International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
Earlier, both ministers met the foreign missions and business councils here.
He said the Malaysian economy, despite the contraction, managed to record a 5.1 per cent growth last year which indicated that the services sector was really growing.
Leave a Comment » | investment, Malaysia, oil and gas | Permalink
Posted by Wata
February 7, 2012
Dateline 2012-02-02:
Petronas Gas Bhd. surged to a record in Kuala Lumpur trading after the stock’s so-called fair value was raised at AMMB Holdings Bhd. to reflect rising demand for natural gas and the prospects of more gas plants in Malaysia.
Shares of the gas distributing arm of state oil company Petroliam Nasional Bhd., or Petronas, jumped as much as 12 percent to 17.50 ringgit, the highest intraday price on record. They traded at 16.06 ringgit at the 12:30 p.m. local time break. Petronas Gas is the third-best performer on the benchmark FTSE Bursa Malaysia KLCI Index today.
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Leave a Comment » | business opportunity, investment, Malaysia | Tagged: FTSE, PGB | Permalink
Posted by Wata
February 4, 2012
dateline: none?
Operators are increasingly looking to offshore Asia for opportunities to supply the world’s energy demand, and several new projects are being developed in the region. Total capital expenditures in the region are expected to exceed $90 billion during 2011-2015, a 55% increase from the previous five-year period, according to Infield Systems Ltd.
Malaysia, the site of Offshore Asia 2012, requires the highest percentage share of the estimated capex allocated to all major offshore producing nations in the region. To help meet demand, the Malaysian government is opening up new investment opportunities to enhance output from existing oil and natural gas fields and to advance exploration in deepwater areas offshore Sarawak and Sabah. The target is to increase aggregate production capacity by 5% per year through 2020.
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Leave a Comment » | business opportunity, investment, Malaysia, oil and gas | Tagged: Offsgire Asia | Permalink
Posted by Wata
January 29, 2012
Dateline 2012-01-21:
The Jeffrey Kitingan-led State Reform Party (Star) chapter in Sabah wants the licensing of the oil and gas industry in Sabah to be left in state hands. Currently licensing is under federal control.
This is among several points listed in the party’s ‘Petroleum Masterplan’ which was unveiled here yesterday.
According to Kitingan the “rights of Sabah and the welfare of the people can no longer be compromised by the continued exploitation of its oil resources at the expense of the people of Sabah.”
Leave a Comment » | investment, Malaysia, Malaysian election, oil and gas | Tagged: Sabah | Permalink
Posted by Wata
January 13, 2012
Dateline 2012-01-04:
Malaysia’s first listed special-purpose acquisition company, Hibiscus Petroleum Bhd, saw active trading on its first trading day of the year, with both the mother and warrant shares gaining 22.5 sen and 6.5 sen to RM1.17 and 59.5 sen respectively.
While both shares were heavily traded on the volumes list, Hibiscus warrant was the top traded stock of the day, with 96.27 million changing hands. The mother share saw 33.8 million being traded.
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Leave a Comment » | investment, Malaysia, oil and gas | Tagged: Hibiscus | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 