October 7, 2014
Dateline 2014-07-27, Rigzone:
Octanex N.L. announced Thursday that limited recourse project finance has been secured for the development of the Ophir field, offshore Terengganu, Malaysia.
Octanex is a 50 percent shareholder in Ophir Production Sdn Bhd (OPSB) which was awarded the Ophir Risk Service Contract in June. Octanex’s joint venturers in OPSB are Scomi Energy Services Bhd, a Malaysian downstream oil and gas services company listed on the Main Board of Bursa Malaysia with a 30 percent interest, and Vestigo Petroleum Sdn Bhd, a wholly owned subsidiary of Petronas, incorporated in 2013 with a focus on the development of small, marginal and mature fields, holding a 20 percent interest.
Leave a Comment » | 
Malaysia, oil and gas | Tagged: Octanex, Ophir, Scomi, Vestigo | 
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Posted by Wata
October 6, 2014
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 need RM360 to get The Star ePaper. Or go to Hajj, whichever you prefer.
- I’m lining up jobs for next quarter, for IGL Services. Whisper to (better yet, carpe jugulum) your boss, and send work my way.
- Vestigo is here, Vestigo is here. Are they so ashamed that they are a PETRONAS linked company that they didn’t use .com.my for their web presence? If you think you are a hotshot Senior Reservoir Engineer apply here. But I can’t get a ping at their web address, so snail mail to The Human Resources Department, Vestigo Petroleum Sdn Bhd, Level 3, Bangunan Getah Asli, 148 Jalan Amplang, 50450 Kuala Lumpur.
- I notice that there’s and advert for Hevilift. Are they looking to partake in the offshore aviation transportation pie?
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? How if you visit Vietnam, how about visiting and updating GoHalalVietnam! for your food needs. For your other needs, talk to your local tour guide/ concierge / man on the street.
Need some new management techniques. How about these books?
The Dilbert Principle: A Cubicle’s-Eye View of Bosses, Meetings, Management Fads & Other Workplace Afflictions, Dogbert’s Top Secret Management Handbook, Dilbert and the Way of the Weasel
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: Bookalicious, Hevilift, IGL, Vestigo | Permalink
Posted by Wata
October 5, 2014
Can all the SPACs give me a direct line into insider trading opportunities?
Dateline 2014-07-24, Bloomberg Businessweek:
Malaysia’s Reach Energy Bhd. has attracted investors including Norway’s $890 billion sovereign wealth fund in an initial public offering to fund its acquisitions of oil and gas fields.
Norges Bank Investment Management, the world’s largest sovereign wealth fund, and Malaysia’s pilgrim fund will invest in the 750 million-ringgit ($237 million) IPO, Managing Director Shahul Hamid Mohd Ismail said in a July 21 interview. Norway’s wealth fund will own a substantial stake in the special-purpose acquisition company, he told reporters today.
Rising energy demand is spurring companies such as Reach Energy to buy and develop smaller oil and gas fields ignored by their larger international counterparts. Malaysia’s Sona Petroleum Bhd. (SONA), also a special-purpose acquisition company, finalized an agreement this week to buy a stake in two Thai oil and gas blocks of U.K.-based Salamander Energy Ltd. (SMDR)
…
Leave a Comment » | investment, Malaysia, oil and gas | Tagged: Reach Energy, Salamander, Shahul Hamid Mohd Ismail, SONA | Permalink
Posted by Wata
October 4, 2014
Dateline 2014-07-23, Rigzone:
Malaysia’s national oil and gas company Petroliam Nasional Berhd (Petronas) announced Wednesday that Bentara field in the Balai Cluster Risk Service Contract (RSC) area located offshore Sarawak, Malaysia has achieved its first oil production May 25.
The field which is expected to produce more than 1,000 barrels of oil per day is being developed and operated by BC Petroleum Sdn Bhd.
The Bentara field is the second field in the Balai Cluster, which successfully achieved oil production after Balai field on Nov. 6, 2013
…
Leave a Comment » | Malaysia, oil and gas | Tagged: Balai, Bentara, Petronas, RSC | Permalink
Posted by Wata
October 3, 2014
Dateline 2014-07-22, The Malaysian Reserve:
Sona Petroleum Bhd is a step closer to concluding its maiden oil and gas (O&G) asset acquisition before year end after signing the Sale and Purchase Agreement (SPA) with UK listed Salamander Energy plc and Salamander Energy (Bualuang) Ltd (SEBG) for the purchase of a share in a brownfield asset off Thailand.
The SPA in relation to the proposed acquisition of shares of SEBG would give Sona 40% effective interest in SEBG’s Thai O&G blocks of B8/38 and G4/50, at a cost of of US$281.2 million (RM893.09 million) to Sona with the additional US$1.2 million representing 66.67% of the agreed net working capital amount in SEBG as at Jan 1, 2014.
Sona will do the deal via its wholly owned unit Sona Exploration and Production (Thailand) Ltd.
The acquisition will be funded with US$141.2 million cash raised from initial public offering in July 2013, and a bridging loan of US$140 million from BNP Paribas and the RHB Banking Group.
…
Leave a Comment » | investment, Malaysia | Tagged: Bualuang, Salamander, Sona Petroleum | Permalink
Posted by Wata
October 2, 2014
Link bait. And interesting.
Dateline 2014-07-18:
On July 16, the China National Petroleum Corporation (CNPC) decided to remove its oil rig from contested waters, stating that its exploration mission was completed after finding “sings of oil and gas.”
While moving the rig out of waters claimed by both China and Vietnam could cool tensions, the intractable dispute over territory is holding back what could be massive investment in oil and gas exploration.
The Wall Street Journal reported on several major international oil companies that are steering clear of the South China Sea because of the conflict, despite the potentially huge reserves of oil and gas in its waters.
…
Leave a Comment » | Malaysia, oil and gas | Permalink
Posted by Wata
October 2, 2014
This is a shout out for the IEM. My Technical Division will hosting the AGM and talk by Ir. Wong Seong on the 11th October, 2014 at 9am.
Design of Physical Refining Plant entails application of chemical engineering principles such as momentum, mass and heat transfer. Project design and execution span across other disciplines like civil and structural, mechanical and electrical engineering. The speaker shares experience in process and engineering design for equipment and selection.
Ir. Wong Seong graduated with Bachelor’s Degree in Chemical Engineering from Nanyang University in 1968. He worked as engineer with Lam Soon Oil and Soap Sdn Bhd. Later, he joined Alfa Laval Far East Sdn Bhd before founding Oiltek Sdn Bhd; the first local process engineering company in Malaysia. He retired from the company in September 2012.
You may register for the event here, and download the flyer here.
Leave a Comment » | Chemical, engineering, Malaysia | Tagged: AGM, CETD, IEM, Wong Seong | Permalink
Posted by Wata
October 1, 2014
Do you remember the Zero?
Dateline 2014-07-17, Business Standard:
Top Japanese trading house Mitsubishi Corp has submitted a non-binding bid to buy Murphy Oil Corp’s Malaysian oil and gas assets valued at about $2.5 billion, a person familiar with the matter told Reuters.
India’s state-owned Oil & Natural Gas Corp and Oil India Ltd are among the other suitors preparing to submit bids for the Murphy assets, separate sources with direct knowledge of the process said.
…
Leave a Comment » | Malaysia, oil and gas | Tagged: Mitsubishi, Murphy, ONGC | Permalink
Posted by Wata
September 30, 2014
This is a shout out for the IEM. My Technical Division will hosting the talk by Ir. Mursyidi Mohammad on the 14th October, 2014 at 5.30pm.
The talk will provide an overview of a Pressure Vessel in terms of its design, operation, maintenance and inspection. The major emphasis of the talk will be on the main components of “API 510 Pressure Vessel Inspection Code: In-Service Inspection, Rating, Repair and Alteration”. The speaker will also share his personal experience on pressure vessel inspection in ensuring the integrity and reliability of the equipment or a Plant to meet the Statutory requirement according to the Factory and Machinery Act 1967.
Ir. Mursyidi Mohammad, a certified API 510 Pressure Vessel Inspector, is currently a Principal Consultant and Trainer at Ipetro Services Sdn Bhd. Prior to his current role, he was a Senior Engineer at PETRONAS Penapisan (Melaka) Sdn Bhd.
You may register for the event here, and download the flyer here.
Leave a Comment » | Chemical, engineering, Malaysia | Tagged: IEM, Mursyidi Mohammad, OGMTD | Permalink
Posted by Wata
September 29, 2014
Talbiyah (from 123muslim.com)
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 need RM360 to get The Star ePaper. Or go to Hajj, whichever you prefer.
- I’m lining up jobs for next quarter, for IGL Services. Whisper to (better yet, carpe jugulum) your boss, and send work my way.
- Nothing in the papers this week. With all the layoffs I heard, that is no surprise. Can I buy a lead process engineer for RM40/hr?
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? How if you visit Vietnam, how about visiting and updating GoHalalVietnam! for your food needs. For your other needs, talk to your local tour guide/ concierge / man on the street.
Need some new management techniques. How about these books?
The Dilbert Principle: A Cubicle’s-Eye View of Bosses, Meetings, Management Fads & Other Workplace Afflictions, Dogbert’s Top Secret Management Handbook, Dilbert and the Way of the Weasel
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: Bookalicious | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 