Malaysia investing in O&G infrastructure for future demand

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.

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Annuar: Give more to develop oil-producing states

July 24, 2015

Anyone have a handle on the 11MP? I would like the TL;DR version, please.

Dateline 2015-06-09, FMT:

The government must ensure that the country’s development is enjoyed equally by all the states, especially those which contribute more to national revenue.

Annuar Musa (BN-Ketereh) said the government should admit that most of the country’s national revenue was derived from oil and gas from waters off Sabah, Sarawak, Terengganu and Kelantan.

“As such, planning and strategy for these states don’t have to be like in our early years of independence.

“Sabah and Sarawak have great potential to contribute to national development,” he said when debating the 11th Malaysia Plan (11MP) in the Dewan Rakyat here, yesterday.

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Industries to pay more for their gas supply

July 23, 2015

Now, how about them renewable energy sources?

Dateline 2015-06-09, The Star:

The Government has revised the natural gas tariff for Peninsular Malaysia’s commercial and industrial sectors, except for the power sector, effective July 1. The residential customers are not affected.

Gas Malaysia Bhd told Bursa Malaysia on Tuesday that the average gas tariff would be revised to RM21.80 per million British thermal units (MMBtu) from RM19.77/MMBtu previously.
“This is to take into account the increase in the purchase price of gas that Gas Malaysia procures from Petronas,” it said.
The selling prices for residential customers (Category A) remain at RM19.52 per MMBtu.
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Labuan to gain from stacking rigs, vessels

July 23, 2015

Dateline 2015-06-08, Daily Express:

Though oil prices have inched up to about US$66 (RM235.62) per barrel, they are still 17.5pc below the US$80 per barrel deemed a reasonable level at which Petroliam Nasional Bhd (Petronas) may resume drilling contract awards, especially for marginal fields.

Until then, rigs off contracts and offshore support vessels (OSVs) are making their way to the stacking grounds.

There are 29 O&G companies listed on Bursa Malaysia and many more that are related to the industry. The depressed oil prices have shaved off on average 46pc from stock prices since June last year. The industry is now facing lower corporate earnings and possible loss of jobs due to Petronas’ move to cut capital expenditure and production.

Popular stacking grounds in the region include Johor waters, the Bay of Brunei in Labuan and Batam Island in Indonesia. Sources say the number of stacked rigs and vessels in these locations has more than doubled since the turn of the year, and is steadily rising.

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IEM Shout Out – Finite Element Modelling (FEM) of Offshore Structures

July 21, 2015

This is a shout out for the IEM. My Technical Division will hosting the above talk on the 28th July, presented by Dr. Venkatesh Rajagopalan (Venkat).

This talk will cover the following topics on usage of Finite Element Analysis of offshore structural components

• Introduction
• Fundamental Concepts & Methodologies
• Advantages & Disadvantages
• General FEA Procedures
• Applications in Offshore Industry & Case Studies
• Live Demonstration

Dr. Venkatesh Rajagopalan (Venkat) graduated from Annamalai University, India with a degree in Structural Engineering in 1989 with a Post graduate degree in Engineering Management and Post-Doctoral in Structural Engineering from Nanyang Technological University, Singapore. He has more than 26 years of working experience in various roles.He is appointed as Visiting faculty for various institutions in India, Malaysia and Australia.

He is currently the Deputy Manager of the Structural Department in Aker Engineering Malaysia Sdn. Bhd. He is also the Technical Head of R&D Network specializing in Knowledge based engineering solutions in Aker Solutions, Norway

You can register for the above event here, and flyers may be obtained here.

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Saturday Star 2015-07-18– Job Opportunities

July 20, 2015

Eid Mubarak. May Allah accept my efforts, and yours. Donate to your favourite charity, buy my recommendations, or through my Amazon store. Or get the Young Turks series (all 4 books). Where are those corporate sponsors? Or throw donations at me.

  • I’m looking for jobs for 4Q2015. Send me y0ur POs.
  • An associate of mine is looking for a technical safety part-time adviser. 2 Associates, actually. Needs to be needle sharp with respect to QRAs, and HSE safety cases. A calm demeanor to handle nonsensical questions from young engineers helps as well. Either that, or a drinking problem.
  • Another associate is looking for a project engineer, 5 years plus relevant experience is good.
  • Nothing much in the news. No newpaper, actually.

Support your local bookshop!  Bookalicious at The Summit Subang is a good choice. I think they focus on trilogies, quadrilogies, and other ologies. Tell them I sent you, and enjoy the look of perplexity on their faces. Those of you who have dropped my name, thanks!

Food choice of the week? Go visit the mee bandung / asam pedas stall in front of the Petaling Jaya Police Station (don’t ask).

Seen the Episode VII new trailer? Ff you say “What is episode Vii?”, I disown you.

Join the Star Wars Fever:

Star Wars Trilogy Episodes IV-VI (Blu-ray + DVD), Star Wars Trilogy Episodes I-III (Blu-ray + DVD), Heir to the Jedi: Star Wars

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Posted by Wata

Better to abolish petroleum Act: Harris

July 19, 2015

Interesting, would you say? And the article doesn’t introduce Harris (tsk, tsk).

Dateline 2015-06-08, Daily Express

It is time for the Petroleum Act to be abolished and replaced by Petroleum Enactments in Sabah and Sarawak that provides for the two East Malaysian states to take over the ownership and control of all oil and gas.

Harris said the two states can from their respective organisations to undertake the exploration and development of oil and gas.

“The Federal Government’s revenue from oil and gas can come from the income tax from these state organisations. This move would streamline the Federal policy on the management of assets found in individual states, such as timber and land,” he said.

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OGA 15: Tale of two cities

July 18, 2015

What two cities we talking about here?

Dateline 2015-06-08, AOG:

The oil and gas industry is facing a tale of two cities as it is experiencing the best of times and yet the worst of times said the chairman of PETRONAS, Tan Sri Sidek Hassan in a meeting at Oil and Gas Asia (OGA) 2015.

He said that the industry’s output is growing at a rapid pace thanks to shale revolution that has transformed the US market.

The US now produces around 9 MMbbl/d, an 80% growth from the 5 MMbbl/d produced in 2008 and global oil demand is expected to increase by 1.1 MMbbl/d in 2015.

“Operating cost that shot up during the highs of US$115 oil price has not decreased as fast as crude oil prices and the industry estimates an anticipated layoff of over 100,000 people worldwide during this down cycle,” Sidek advised.

It might not be possible for us to predict with certainty what the oil price would be next month or next quarter, Sidek said, but we can prepare the industry to weather the fluctuations with what we do best, which is to continuously innovate.

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PFLNG opens doors to global opportunities

July 17, 2015

Dateline 2015-06-08, Borneo Post:

Petroliam Nasional Bhd (Petronas) says its floating liquefied natural gas (LNG) facility (PFLNG) is a game changer that will open doors to more opportunities in global projects.

Global LNG Project, Upstream vice president Adnan Zainal Abidin said although Petronas’ first PFLNG, the PFLNG1, is expected to start operations in the first quarter of next year, the group has already received enquiries from multinationals.

Petronas has two PFLNGs in the pipeline: the PFLNG1, costing more than US$1 billion and scheduled to be ready by early 2016, and the PFLNG2, expected to be ready by 2018.

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Matrade achieves RM76 million sales at oil and gas exhibition

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.

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