Gas leak explosion kills Petronas worker, injures three others

August 21, 2014

Dateline 2014-06-20, Petro Global News:

A worker at a gas processing facility in Malaysia operated by an affiliate of Petronas was killed on Thursday after an explosion.

Petronas Gas (PGB) confirmed that the employee “succumbed to his injury while doing repair work” at near Gas Processing Plant 4.

The processing facility is located in Kertih, Terengganu, Malaysia.

“PGB is extending all necessary assistance to the family members of the victim,” the company said.

According to local media, the deceased worker was a welder.

Three others were injured in the explosion.

The four workers were performing maintenance to repair a gas leak.

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Posted by Wata

IEM Shout Out – Technical Visit To to Fiberbond GRP Piping Systems

August 20, 2014

This is a shout out for the IEM. My Technical Division will be having a  visit on Sat , 23rd August , 2014 to Fibrebond GRP Piping Systems.  Trip starts at 7.00am.

…

ISP and DIALOG are currently the only manufacturers of advanced composite piping that offers complete, single-source supply of engineering design, manufacturing, and installation of fully warranted systems for application of the marine and onshore / offshore oil & gas industries including deepwater location.

…

You can register here and download the flyer here.

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Posted by Wata

Petronas Gas reports accident at Kertih plant

August 19, 2014

PETRONAS being chatty as usual. Insiders, any insight?

Dateline 2014-06-19, The Star:

An employee of a contractor undertaking repairs at Petronas Gas Bhd’s plant in Kertih, Terengganu succumbed to his injury following an accident there on Wednesday night.

Petronas Gas said on Thursday an accident occurred at 11.15pm on Wednesday at its facility near the gas processing plant 4.

It said it was extending all necessary assistance to the family members of the victim.

“Currently, the company is working with the relevant authorities to establish the cause of the accident,” it said.

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Posted by Wata

Saturday Star 2014-08-16 – Job Opportunities

August 18, 2014

Happy Visit Palembang Week.

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.

  • SapuraKencana is looking for people. There is a walk-in interview on the 23rd and 24th August, 2014, Renaissance Johor Bahru Hotel, for positions based in Lumut. For Lead, Senior Engineer/Engineer positions based in KL, it’s write in applications only. But the paper shows more positions then on the web page, go figure. Send your CV here.
  • Selangor’s looking for a new MB. Slip your CV under the door, please.

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.

Some books for you to turn those bad numbers’ frown upside down.

  

Proofiness: The Dark Arts of Mathematical Deception, Bad Science: Quacks, Hacks, and Big Pharma Flacks, How to Lie with Statistics

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

IEM Shout Out – Technical Visit To to Fiberbond GRP Piping Systems

August 17, 2014

This is a shout out for the IEM. My Technical Division will be having a  visit on Sat , 23rd August , 2014 to Fibrebond GRP Piping Systems.  Trip starts at 7.00am.

…

ISP and DIALOG are currently the only manufacturers of advanced composite piping that offers complete, single-source supply of engineering design, manufacturing, and installation of fully warranted systems for application of the marine and onshore / offshore oil & gas industries including deepwater location.

…

You can register here and download the flyer here.

Leave a Comment » | Chemical, engineering, Malaysia | Tagged: , , | Permalink
Posted by Wata

DLA Piper advises AOTS on development of independent oil terminal facility in Malaysia

August 17, 2014

Dateline 2014-06-18, The Lawyer (hah!):

Asia Oil Terminal Services (AOTS), advised by DLA Piper, has signed construction contracts with supporting guarantees for the development of its project to construct south-east Asia’s largest independent oil terminal facility. The facility will be constructed on the East Coast of Peninsula Malaysia by China Railway Construction Bridge Engineering Group (CRCBEG).

…

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Posted by Wata

Lundin Petroleum Commences Tembakau Appraisal Well in Malaysia

August 16, 2014

Dateline 2014-06-19, WSJ:

Lundin Petroleum AB (TSX:LUP)(OMX:LUPE) (Lundin Petroleum) is pleased to announce that it has commenced the first well in its 2014 Malaysian drilling campaign with the spud of the Tembakau-2 appraisal well in Block PM307, offshore Malaysia.

The well will target stacked gas reservoirs in Miocene aged sands in a large, low-relief, structure discovered by Lundin Petroleum’s Tembakau-1 in late 2012. The discovery well penetrated 60 metres of net gas sands in five high quality sand intervals between 800 metres and 1,250 metres subsea. The appraisal well will core the main reservoir section and is expected to confirm the extent and quality of the gas reservoirs 3.7 kilometres to the south of Tembakau-1. Deliverability will be measured through production testing.

…

 

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Posted by Wata

Politics of oil royalty

August 15, 2014

Dateline 2014-06-16, FMT:

In Malaysia, the politics of oil royalty has always hogged the limelight. It has always been a useful agenda to seek public attention. Thus, the recent bill introduced by newly-appointed Sarawak Chief Minister Adenan Satem in the State Legislative Assembly to increase oil royalty from 5% to 20% has caught public attention.

The fact that the federal government has also agreed to seriously consider the proposal has given the people in the state new-found hope.

Demanding higher royalty is not a new political agenda for both Sabah and Sarawak. In fact, it is a long overdue issue. Let’s take a brief glance at history. Before the formation of Malaysia, the United Kingdom had declared rights over the Malaysian continental shelf for Sabah and Sarawak. Basically this meant ownership rights over offshore resources including petroleum.

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Posted by Wata

Challenges in SPAC land

August 14, 2014

Dateline 2014-06-14, The Star:

HOW much control should Special Purpose Acquisition Companies (SPACs) exert over the assets they acquire? This is a question that is increasingly becoming a moot point with listed SPACs.

Here’s one indication of this: According to sources, Reach Energy Bhd, the oil and gas SPAC seeking a listing on Bursa Malaysia, has tweaked one the clauses in its prospectus relating to control over the assets it hopes to buy. It has now stipulated that it will seek to secure majority control over the assets it buys into.

Apparently this was done to ensure there was no confusion in this area going forward.
SPAC guidelines from the start, had a very strict view on this matter. The rules initially required SPACs to secure both majority ownership and management control over the assets they buy. Subsequently, the rules were loosened after taking into consideration the dynamics of certain industries such as the minerals and resources industry that includes oil and gas.

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Posted by Wata

Talisman Said to Be Reviewing $4b Asia Assets for Possible Sale

August 13, 2014

Dateline 2014-06-13, Jakarta Globe:

Canada’s Talisman Energy is reviewing its Asian oil and gas portfolio, valued at about $4 billion, which could lead to a partial or full sale, people familiar with the matter said.

Talisman, Canada’s number five independent oil producer, has been slimming its operations and cutting debt in an effort to boost its share price to satisfy disgruntled and activist investors such as Carl Icahn.

The review marks a major shift in business strategy for a company that classifies its Asian portfolio as a core asset, and the review will force Talisman to make some tough choices.

It is unclear whether it will opt to sell the entire portfolio or retain some assets, the people added. A partial listing of the assets is one of the options being discussed, they added.

Talisman plans to put $2 billion worth of assets on the market in the next 12 to 18 months, after raising $6.6 billion through asset disposals since 2011, according the company website. The company does not disclose the names of the projects it plans to sell as part of its restructure.

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Posted by Wata

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