Block sale of gas stake, PKR tells Sarawak

May 27, 2017

Dateline 2017-04-17, FMT:

PKR has told the Sarawak government to take Petronas to court if it’s true that the company is selling off a stake in an upstream gas project.

 Reacting to a fresh report that Petronas was seeking to sell the SK316 offshore gas block, Sarawak PKR vice-chairman See Chee How said oil and gas found within Sarawak’s boundaries belonged to the state.

Recently, Reuters, quoting sources, reported that Petronas had started pitching the sale of the block for an estimated US$1 billion (RM4.4 billion). The potential bidders, according to the report, include Royal Dutch Shell, ExxonMobil Corp, PTT Exploration and Production and Japanese firms.

“The rights of the state are very clear, be it in the Federal Constitution or Sarawak laws,” said See, who is a lawyer.

 


Petronas expected to lead in better upstream spending versus in 2016 — UOB Kay Hian

May 26, 2017

Dateline 2017-04-17,  The Borneo Post:

Petroliam Nasional Bhd (Petronas) is expected to lead in better upstream spending compared with that in 2016, analysts say.

According to UOB Kay Hian Securities (M) Sdn Bhd (UOB Kay Hian), Petronas’ domestic upstream capital expenditure (capex) was reduced substantially to the research firm’s estimate of RM10 billion to RM12 billion in 2016, versus the past annual average of approximately RM20 billion.

“In a stable oil price environment, domestic capex may likely return to the normal average,” UOB Kay Hian said.

“Channel checks suggest about five or more new production projects were sanctioned in Malaysia, but these projects could be deferred if oil prices remain too low for too long.”

The research firm noted that despite a potential doubling of rig count in Malaysia from eight in 2016 to about 10 to 15, some of the drilling activities are short term.  It further noted that new local upstream activities will likely be concentrated in gas projects (to meet supply requirements for MLNG 9) and certain enhanced oil recovery (EOR) projects.

Hence, UOB Kay Hian expected Petronas to lead in better upstream spending versus that in 2016.


Marketing Rounds – UPM New Course

May 24, 2017

On March 17th, I was invited to participate in UPM’s Mesyuarat Jawatankuasa Pengajian Program 2017 – Master Perancangan dan Respon Kecemasan (you go translate the title). Apparently, there has been quite a lot of support and participants from the O&G sector in previous years.

Go visit and participate if this floats your boat, and say Ir. Razmahwata says hi.


Be firm with Petronas on Sarawak’s share, Abang Johari urged

May 23, 2017

2017-04-13, FMT:

Chief Minister Abang Johari Openg should be firm with Petronas that it must consult Sarawak when deciding on its onshore and offshore blocks of oil and gas, Batu Lintang assemblyman See Chee How said.

See, the state PKR vice chairman, also urged the state government to consider investing in and taking ownership of the development of the petroleum resources within Sarawak’s territorial boundary.

The Borneo Post quoted See as saying it was unacceptable for Petronas to continue ignoring Sarawak’s assertion of rights to resources within the state’s territorial boundary.

“I am seriously contemplating to move a private member’s motion on this matter at the coming Sarawak State Assembly sitting scheduled from May 11 to 22, and I am hopeful that my fellow ADUNs (state assemblypersons) will be supportive of it, to take another important step towards fulfilling Tan Sri Adenan Satem’s, and all Sarawakians’, aspiration that Sarawak’s inherent sovereign and autonomous powers be respected by the Federation.”


Saturday Star 2017-05-20 – Job Opportunities

May 22, 2017

Happy Prepare for Ramadhan week. IGL has pivoted into training, so book your seats now.

We’re thinking of republishing Young Turks of PETRONAS, but it’s a minimum 500 book printing run. Do I have enough interested persons to purchase?

Donate to your favorite charity (me), buy my recommendations, or through my Amazon store. Or get the Young Turks series (3 books until I can get YTP republished). Where are those corporate sponsors? Or throw donations at me, my camera dive case flooded, and I need a new replacement. Heck, if you want to send me a Canon 5D Mk III plus dive case, I will not say no.

  • I have a feeling that The Star isn’t the preferred O&G job recruitment portal now. I see more adverts via social media. What do you think, is it a step change that the papers need to embrace?
  • I’m looking for jobs for 3Q2017. Send me your POs.

Food choice of the week? The nostalgic food stall, near your parents home. McD Bangsar Baru does not count.

Seeing that Joe Dever has passed away, you may want to revisit his books:

Flight from the Dark (Lone Wolf, Book 1), Legends of Lone Wolf Omnibus 1, War of the Wizards (The World of Lone Wolf, Book 4)


Bumburing asks if Petronas operating illegally

May 19, 2017

Yeah, baby.

Dateline 2017-04-12, Daily Express:

The State Legislative Assembly has been urged to seriously consider the question as to whether Petronas is legally operating in Sabah waters since laws that were enacted during the Emergency, which has since been lifted, are now annulled and no longer applicable to the State.

Tamparuli Assemblyman Datuk Seri Wilfred Bumburing (pic), when highlighting the matter, said as such the national oil and gas company has no right to operate in the territorial waters as they now belong to the State.

 


IEM Shout Out – Two-Day Course on Technical Writing For Engineers and Technical Personnel 2017-07

May 18, 2017

My technical division will be hosting a 2 day course on the 18th and 19th July 2017. It is worth 12.5 CPD points, and held at Wisma IEM. The course will be presented by Ir.Danaraj Chandrasegaran.

Learning Outcomes

At the end of the course delegates will:
• understand the benefits and challenges of effective technical writing
• be aware of the fundamental concepts of writing as a communication skill
• know how to plan their document for maximum effect
• be able to write in a style that is clear and appropriate
• be able to use punctuation correctly and effectively
• appreciate the importance of a document review
• know how to use social media for professional networking

Why this course?
• Excellent Value
• Detailed guide book and templates for continuous learning and improvements
• Practical learning approach using latest tools
• Limited class size to ensure quality delivery
• Helps you to develop your own personal branding

 

Danaraj Chandrasegaran P.Eng MIEM CEng MIMechE. He is a Chartered Engineer and has honours degree in Mechanical Engineering from University of Technology Malaysia. He also holds a MEng degree in Mechanical Engineering from University of Malaya. He also presently a committee member with The Institution of Engineers Malaysia and Institution of Mechanical Engineers (UK) Malaysia Chapter. Since starting his career as a Mechanical Engineer, Danaraj has had a varied service; both in front line project execution as well as in technical, training, and management functions. His career has a diverse outlook on project execution ranging from building construction, marine, mining and energy industry; as a mechanical engineer. He has worked on several large-scale projects worldwide such as Shell Malikai TLP and Barzan Offshore Project. In addition, had edited and completed many large writing projects such technical reports, operating manuals and technical papers in the oil and gas industry.

Register here, or download the form here.