Malaysia’s PETRONAS unwavering in its LNG ambitions.

April 21, 2015

Dateline 2015-03-06, Interfax:

Petronas’s first quarterly loss and the bearish outlook for the oil and gas market do not appear to have curtailed the Malaysian NOC’s plans to add to its LNG portfolio, following the announcement of new investments and reassurances major projects will not be affected by spending cuts.

Petronas lost MYR 7.3 billion ($2 billion) in Q4 2014 as a result of significant impairments from the fall in crude oil prices and a 6.9% year-on-year decline in revenue.

The loss is expected to herald a lean period, with reduced earnings and spending. Petronas confirmed at a press briefing in Kuala Lumpur last week that it planned to reduce its capital expenditure by 10% in 2015 and 15% in 2016.

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Posted by Wata

Saturday Star 2015-04-18– Job Opportunities

April 20, 2015

Happy IChemE Hazards AP Week. Meet me there, and take a selfie. Also, 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 say that when the design houses execute a mass firing campaign, the trade papers should pick it up. What say you, R?
  • Carigali Hess is looking for a Senior Reservoir Engineer, Senior Petroleum Engineer, Metering Engineer (Hello There), Senior Drilling Engineer, Petroleum Engineer. Send your exaggerations here,  with a detailed resume stating references, expected remuneration, contact telephone and email address, before 30th April, 2015.
  • An associate of mine is looking for a senior level instrument engineer, 10 years in the position (no, not position 23b, second variant). Send your CV to me. As per my Facebook posting, idiotic applications, straight to /dev/null.
  • 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.
  • Hess is still looking for a measurement and allocation engineer (2 I believe). I saw that the ITB is still floating around. If you want me, you know where to find me. Not Celebrity Fitness, if you need a hint.

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

2 Comments | engineering, Malaysia, oil and gas | Tagged: , , | Permalink
Posted by Wata

Petikan dari “Pantang di Cabar” – Munculnya PETRONAS Dagangan

April 19, 2015

Tiada lagi sekatan bagi jualan … Sekiranya mereka heret kolam renang untuk dipenuhkan (dengan disel atau minyak tanah) berikan (Rastam Hadi, 1979)

Visit here and buy books so I have some spending money.

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Posted by Wata

Tourism and O&G advantage for Labuan

April 19, 2015

Dateline 2015-03-02, Daily Express:

Oil and gas-related industries are proving a boon for Labuan in making it an attractive destination for investors.

With more than 120 local and international O&G players operating on the island, the sector will be developed further, says Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor.

He said to realise the objective – Labuan as an O&G hub –, the Industrial Training Institute (ITI) Labuan campus had introduced a O&G preparatory programme.

The programme, he added, is preparation towards pursuing the newly-introduced Bachelor in Oil and Gas degree program at Universiti Malaysia Sabah Labuan International College (UMSKAL), in collaboration with Petronas.

The first intake of students commenced in February this year.

…

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Posted by Wata

Malaysia’s Petronas Swings to First Quarterly Loss

April 18, 2015

How about stopping those 10 course dinners for foreign workers? And the 10 figure paychecks for the same, while you are at it, as part of asking contractors to reduce pricing by 30%. Redistribute the wealth to, I don’t know, using local workers for the TGAST construction?

Dateline 2015-02-27, TWSJ:

Malaysia’s national oil-and-gas company, Petroliam Nasional Bhd., or Petronas, on Friday said it would cut its investment plans by as much as 30 billion ringgit ($8.3 billion) in the next two years as the company reported its first-ever quarterly loss.

For the three months ended Dec. 31, the company reported a net loss of 9.87 billion ringgit ($2.7 billion) compared with a profit of 9.58 billion ringgit a year ago. After including profit attributable to noncontrolling interests, the company reported a net loss of 7.27 billion ringgit for the quarter, compared with a profit of 12.76 billion ringgit a year ago.

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Malaysia willing to work with Singapore on regional oil pricing

April 17, 2015

See, we could have stored crude when it was USD45 a barrel.

Dateline 2015-02-27, The Malaysian Insider:

Malaysia is willing to work with Singapore to become part of a regional oil pricing area, including offering land for storage the island state lacks, the head of a Malaysian state body coordinating a major new oil hub said.

Despite being an oil and gas exporter, Malaysia lacks sufficient storage and refineries to allow it to act as a pricing hub like Singapore, Europe’s ARA hub (Amsterdam, Rotterdam and Antwerp) or Houston in the United States.

In a bid to remedy this, Malaysia is building the Pengerang Integrated Petroleum Complex (PIPC) at its southern most point in Johor state, about 10km east of Singapore.

…

 

3 Comments | investment, Malaysia, oil and gas | Permalink
Posted by Wata

UTP inks MoU with three Aussie universities to share oil and gas expertise

April 16, 2015

Dateline 2015-02-27, The Malay Mail:

Universiti Teknologi Petronas (UTP) today signed a memorandum of understanding (MoU) with three Australian universities to share experience and expertise in several key areas in the field of oil and gas.

The three universities are Monash University, Melbourne University and Federation University, from the state of Victoria.

UTP Vice-Chancellor Datuk Dr Abdul Rahim Hashim signed the MoU on behalf of UTP while Monash University was represented by its Deputy Vice-Chancellor and Vice President (Global Engagement), Professor Abid Khan.

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Country’s third O&G supply base to get RM100m investment

April 14, 2015

Kinda like Vung Tau, where there is the income generating area, and the income spending area near each other.

Dateline 2015-02-24, The Sun:

TB Supply Base Sdn Bhd (TBSB), which has received interest from over 100 companies to utilise its facilities in Tok Bali, Kelantan, will spend RM100 million in 2015 for civil works and to build facilities such as additional warehouses, Customs and Immigration building, new offices, canteen, rigging loft, crew jetty and helipad.

TBSB is ultimately owned by Kelantan royalty Tengku Rozanna Petri and Tengku Rozlynda Petri Tengku Mohd Nasrun, through Forlenza Holdings Sdn Bhd. Forlenza through Matrix Reservoir Sdn Bhd, owns a 99.99% stake in TBSB. TBSB’s directors include Tengku Datuk Mohamad Rizam Tengku Abdul Aziz (also the chairman), Tengku Rozanna Petri and Shankar Ray Shi-Wan.

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Job Opportunities – Amec Foster Wheeler (Well Completion Engineer)

April 14, 2015

This is a recent request, hence the unpolished language (as if you’d notice):

Amec FW is looking for a well completion engineer, to help review a new tech standard document owned by a PSC. Due to dumb contracting, they need a senior eng with at least 10 years in that position. Work can be done at your premises, but you have to turn up to a face-to-face 2 hr meeting with the doc owner. In other words, you can moonlight if you don’t mind fronting the work.

Contact me, or put a sensible response in the comments. Non-sensible responses, Jabba will handle (where is that Hutt?).

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Posted by Wata

IEM – Visit to Technical Visit to Centre Of Enhanced Oil Recovery (EOR) And Offshore Engineering Centre Of Universiti Teknologi Petronas

April 14, 2015

My technical division is organising a trip to the wilds of Tronoh on the 24th April, 2015. It’s worth 4.5 CPD points. Go.

The Centre of Research in EOR was established in Universiti Teknologi Petronas (UTP) in year 2006 to promote excellence in EOR research that mostly addresses the needs of industry and to manage laboratory services. Research in the area has continuously expanded at UTP since 2006. Most EOR research projects are conducted by the petroleum engineering staff and the topics are mostly conventional topics such as subsurface fluid flow, rock fluid interactions etc.  In addition, there is an increasing interest from non-petroleum engineering researching EOR chemicals, application of waves, advanced materials among others.

You can register here, and grab the brochure here.

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Posted by Wata

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