The quest for remote gas pushes FLNG innovation

July 2, 2015

Dateline 2015-05-19, Marine Log:

By the end of this year, the world’s first Floating Liquefied Natural Gas (FLNG) vessel will go to work in Malaysia’s gas field, some 180 kilometers off of the coast of Sarawak, producing 1.2 million tonnes of LNG annually.

Classed by DNV GL, the PFLNG1 vessel, also known as PFLNG SATU, is expected to play a significant role in the efforts of Malaysia state owned oil company PETRONAS to unlock the gas reserves in that country’s remote and stranded fields previously thought to be uneconomical to develop.

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Posted by Wata

Malaysia O&G companies generate RM3.5 billion in potential sales at OTC 2015

June 30, 2015

Guess how much I generated? C’mon, its in the low nougthies.

Dateline 2015-05-20, NST:

Malaysian exhibitors, led by the Malaysia External Trade Development Corporation (MATRADE), secured RM3.54 billion in potential sales during the four-day Offshore Technology Conference (OTC) 2015 amid the recovering phase in the oil and gas industry.

The delegation managed to secure high sales as the major oil & gas companies were looking for new competitive supplies.

MATRADE Director for Oil & Gas and Chemical Section Abu Bakar Koyakutty said the sales were generated mostly from the products’ sector including seamless steel pipe, casing & tubing, premium connections and lightning surge protective device.

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Posted by Wata

Saturday Star 2015-06-27– Job Opportunities

June 29, 2015

Ramadan Kareem. May Allah accept my efforts, and your. 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.

  • Uzma Engineering (not to be confused with Unza) is looking for an Offshore Installation Manager, Operation Manager, Operation and Maintenance Superintendent, Operations and Maintenance Supervisor, Process Engineer,  Electrical Engineer. Apply here.
  • Muhibbah Engineering (M) Berhad is looking for senior project manager/project manager, mechanical piping engineer, electrical/instrumentation engineer, civil/structural engineer. You can send your resume via the website, or snailmail via Lot 586 & 579, 2nd Mile, Jalan Batu Tiga Lama, 41300 Klang.
  • I’m looking for jobs for 3Q2015. Send me y0ur POs.
  • An associate of mine is looking for a technical safety part-time adviser. 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.
  • Nothing much in the news.

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

Leave a Comment » | Malaysia, oil and gas | Tagged: , | Permalink
Posted by Wata

Malaysia’s nuclear power plant not a done deal, says atomic power body

June 28, 2015

I’m still looking for an alternative career.

Dateline 2015-05-19, TMI:

Malaysia’s proposed nuclear power plant is not yet a done deal, said the government’s leading body on atomic power, as public opposition towards the idea sparks up again ahead of the 11th Malaysia Plan (MP) to be tabled this week.

The Malaysia Nuclear Power Corporation (MNPC) said it was currently focused on first building the legal framework for a nuclear power programme before it started looking for possible sites for a plant.

…

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Posted by Wata

Oil and gas service providers cannot afford to be ‘choosy’, says UMW chief

June 27, 2015

Yeah, I can:

Dateline 2015-05-19, TMI:

UMW Oil & Gas Corp Bhd’s (UMW O&G) chief said support service providers in the industry could not afford to be “choosy” as lower crude oil prices led to fewer contracts in the market.

UMW O&G president Rohaizad Darus said the number of contracts available had declined by 30% compared to a year earlier.

“Service providers in the oil and gas industry now cannot be choosy about the work they take,” Rohaizad told reporters after UMW O&G’s annual general meeting here today.

…

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Posted by Wata

PCG to finalise Malaysia RAPID project line-up by end-‘15

June 26, 2015

Dateline 2015-05-19, ICIS:

Malaysia’s PETRONAS Chemicals Group Berhad (PCG) is planning to finalise investment plans for the Refinery and Petrochemicals Integrated Complex (RAPID) in southern Johor state by the end of this year, the company’s president and CEO said on Tuesday.

“Our team has already started evaluating which are the areas what we want to participate in… By the end of this year, we will most likely know and finalise our participation in RAPID,” Sazali Hamzah told ICIS on the sidelines of the 18th Asia Oil & Gas Conference (AOGC) in Kuala Lumpur.

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Posted by Wata

Oil production at Malaysian block 24,000 bps: Pertamina

June 25, 2015

Apa kabar, bapak2 ibu2? And that’s a high production target, considering the field.

Dateline 2015-05-19, Jakarta Post:

Pertamina International Exploration Production (PIEP), the upstream business unit of state-owned oil and gas company PT Pertamina, has recorded production at its oil and gas block in Malaysia at 24,000 barrels per day (BPS).

PIEP president director Slamet Riadhy said the achievement was part of the company’s total oil and gas target of 42,000 barrels of oil equivalent per day (boepd).

“We have conducted oil lifting activities three times from our Malaysian asset with a volume of between 300,000 and 500,000 barrels per lifting. The oil was sent to Pertamina oil refineries such as in Cilacap,” he said as quoted by Antara during the opening of PIEP’s new branch office in Kuala Lumpur, Malaysia, on Monday.

Slamet said the Malaysian asset’s oil and gas production was targeted to reach 70,000 boepd between 2020 and 2022.

“We are optimistic that our production will continue to increase,” he said.

Pertamina upstream director Syamsu Alam said Pertamina’s efforts to increase both its production and reserves from its lifting activities abroad, including in Malaysia, would bring not only economic benefits but would also help with efforts to attain national energy resilience.

He said Pertamina was prioritizing the purchase of assets abroad, especially oil and gas fields that were already in production.

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Posted by Wata

Falling oil prices hit O&G players

June 23, 2015

Title says O&G player, article focuses on bashing RNZ Petrofac. First, there must have been a whistleblower (good play, sir). Second, follow the money trail, which companies and Da… individuals make money out of this revelation? Third, will they pay my invoices?

At press time, calls went unanswered… huh, do you know that RNZ offices are closed Friday afternoon?

Dateline 2015-05-18, Daily Express:

Industry players are starting to feel the impact of the drop in global crude oil prices, which led oil and gas giant Petroliam Nasional Bhd (Petronas) to defer capital expenditure and reduce operational spending.

One such player, Petrofac-RNZ, has implemented a voluntary separation scheme (VSS) for its employees based in its Kuala Lumpur head office, sources say.

The VSS was offered last month to its permanent employees based in its Kuala Lumpur head office with Job Grade 19 and below only. Petrofac-RNZ also has offices in Sabah and Sarawak.

Petrofac-RNZ is a member of Petrofac Group. It provides engineering and consulting services to the offshore oil and gas sector, including oilfield services to the international oil and gas industry.

A check on its website showed that a big portion of its jobs in Malaysia were for Petronas’ exploration and production arm, Petronas Carigali Sdn Bhd.

…

 

1 Comment | investment, Malaysia, oil and gas | Tagged: , , | Permalink
Posted by Wata

Saturday Star 2015-06-20– Job Opportunities

June 22, 2015

Ramadan Kareem. May Allah accept our efforts. 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.

  • Kebabangan Petroleum Operating Company (KPOC to friends) has an itty-bitty spread. Operations is looking onshore and offshore operations, offshore installation manager, asset integrity engineer. Apply here, or snail mail to: Kebabangan Petroleum Operating Comp Sdn Bhd, Level 52, Tower 2, PETRONAS Twin Towers, KLCC, 50088 KL, Malaysia.
  • I’m looking for jobs for 3Q2015. Send me y0ur POs.
  • An associate of mine is looking for a technical safety part-time adviser. 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.
  • Nothing much in the news.

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

Leave a Comment » | Malaysia, oil and gas | Tagged: | Permalink
Posted by Wata

PKR reveals more losses for Tabung Haji in deal with oil and gas company

June 21, 2015

I suggest you investigate (and invest) in THHE. The share prices will awake, same time as The Force. Really.

Dateline 2015-05-18, TMI:

Lembaga Tabung Haji has also incurred millions of ringgit in losses from another investment with an oil and gas company, PKR said today, even before questions about the pilgrims’ fund’s purchase of land from debt-ridden 1Malaysia Development Bhd (1MDB).

Tabung Haji’s purchase of shares from oil and gas support services counter Ramunia Holdings Bhd, resulting in losses based on the current price of its shares, had gone unnoticed, PKR lawmaker Rafizi Ramli (pic, right) said today when debating the Capital Markets and Services (Amendment) Bill 2015 in the Dewan Rakyat.

The Pandan MP said that in 2007, Tabung Haji had progressively bought shares in Ramunia Holdings, and by the end of 2008 held 25% of the company’s shares, which it purchased for between RM1 and RM1.40 per share.
In June 2012, the company was renamed TH Heavy Engineering to reflect the fund’s interest in the company.
Currently, the shares are trading at 30 sen per share, Rafizi said, which meant that Tabung Haji had incurred losses worth millions of ringgit from this one investment alone.

 

…

 

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Posted by Wata

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