INTERIM MANAGEMENT STATEMENT – EnQuest

July 12, 2014

I thought this was a JV with Uzma?

Dateline 2014-05-16, TWST:

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Malaysia.  EnQuest has secured a small field development with Petroliam Nasional Berhad (“PETRONAS”), the national oil company for Malaysia, for the development and production of petroleum from the Tanjong Baram field (“Tanjong Baram”) offshore Sarawak, Malaysia.  Net 2P reserves are c.3.5 MMboe, start-up is expected in late 2015 / early 2016.

Amjad Bseisu, Chief Executive, said

“Production of 25,597 Boepd to the end of April marks a good start to the year, reflecting strong reservoir and production efficiency performances from all of EnQuest’s hubs, and from Thistle in particular.

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Gas Malaysia Q1 earnings up 3.6% to RM41.61m

July 11, 2014

Dateline 2014-05-15, The Star:

Gas Malaysia Bhd‘s earning rose 3.6% to RM41.61mil in the first quarter ended March 31, 2014 from RM40.14mil a year ago.

The company said on Thursday revenue increased by 8.4 % to RM580.57mil  from RM535.44mil due to higher volume of gas sold by 10.2% and the number of customers. Its earnings per share were 3.24 sen compared with 3.13 sen.

Gas Malaysia said its earnings depend on the cost of the natural gas purchased and the volume of gas sold to customers.

The board expected an increase in the volume of gas and number of customers to continue in financial year 2014.

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IEM Shout Out – Talk on Introduction to Explosives in Industry

July 10, 2014

This is a shout out for the IEM. My Technical Division will be having a talk on Saturday 12th July, 2014 by IIr. Hj. Look Keman. It’ll be at 9:00am (makan-makan at 8.30am) at Wisma IEM. Due to the topic, I expect a lot of our friendly law enforcement and massive camera presence

 

Explosives is actually an essential part of our modern life. It is used to break rock in Quarries so that we can get aggregates for our roads, airport, housing and building construction, port, bridges and used in countless projects. With use of explosives we get minerals and metals, oil and gas, coal that provides the electricity that we need in our daily life. Explosives are also used in our annual Merdeka celebration to light our skies (fireworks) and we live with it daily in our cars (airbags). Explosives are sometimes used in medical treatment of heart. The fastest way to bring down old buildings is through the use of explosives.

 

There are so many uses of explosives in industry. The talk is to introduce the use of explosives that benefit our daily life and dispense the belief that explosives are used for destructive purposes only. It is also an introduction to futures course in explosives in civil, mining quarrying and other industries that are of interest to engineers by the technical division.

 

Ir. Hj. Look Keman graduated in 1979 in Mining Engineering from Strathclyde University, Glasgow, Scotland and M.Sc (Explosives Ordnance Engineering) from Royal Military College of Science, Cranfield University, England in 1991. He served as a Research Engineer specialising in Geotechnical Engineering/Slope Engineering and later as Inspector of Mines serving in Perak, Selangor and Negeri Sembilan and Malacca with the former Mines Department from 1979-1996. As a Government Engineer he oversees Construction blasting work in Kuala Lumpur at SOGO, Starhill, Pudu, Damansara and Selangor. He had experience in the investigation of Firework Factory where 26 people were killed.in 1991. He was responsible for designing a firework magazine for Al Famosa. After retirement he work as Consulting Engineer specialising in Explosives and Blasting work and also rock breaking using non-explosives demolition agent.

You can register here and download the flyer here.

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Petronas posts RM18.8b Q1 profit

July 9, 2014

Dateline 2014-05-15, Malaysia Chronicle:

Revenue surges to RM84 billion due to higher production, trading and sales volume

NATIONAL oil company Petroliam Nasional Bhd (Petronas) posted a net profit of RM18.8 billion for the first quarter ended March 31 2014, down by eight per cent compared with the corresponding quarter last year, despite revenue gain.

It attributed the fall in earnings to impairments for its operations in Egypt as well as higher operational costs.

Its pre-tax profit was slightly lower at RM27.2 billion from RM28.8 billion in the same quarter last year.

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IEM Shout Out – Technical Visit To Lafarge Malaysia Berhad

July 7, 2014

This is a shout out for the IEM. My Technical Division will be having a school visit on Wed 9th July , 2014 to Lafarge.  Trip starts at 7.30am.

Lafarge Malaysia Berhad (formerly known as Lafarge Malayan Cement Berhad) is the leader in the Malaysian construction materials industry. Incorporated in 1950, its first cement plant was built in Rawang in 1953. Lafarge Malaysia Berhad (LMB) is today the parent of a group of companies in Malaysia and Singapore whose core businesses are in the manufacturing and sale of cement, ready-mixed concrete and other related building materials.

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You can register here and download the flyer here.

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Saturday Star 2014-07-05 – Job Opportunities

July 7, 2014

Selamat Berpuasa.

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.

  • I’m looking for a senior process engineer, 7+ years experience. Also looking for technical safety persons, metering / measurement engineers and other seniors you think will catch my eye.
  • Hah, White Quest looking for a Senior Engineer, HSE & Risk Management, and Engineer / Senior Engineer, Asset Integrity. Come to us first, lah. We’ll help.  Send your CV here.
  • Who is Eversendai? I think they are positioning themselves to go into offshore structural work. Do they have a Tarpon killer app? They are looking for people, though not discipline engineers, mostly project people. Send your CV here.
  • 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 Project Engineer, Reservoir Engineer, or Legal Counsel, 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.

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

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IEM Shout Out – Technical Visit To Lafarge Malaysia Berhad

July 5, 2014

This is a shout out for the IEM. My Technical Division will be having a school visit on Wed 9th July , 2014 to Lafarge.  Trip starts at 7.30am.

Lafarge Malaysia Berhad (formerly known as Lafarge Malayan Cement Berhad) is the leader in the Malaysian construction materials industry. Incorporated in 1950, its first cement plant was built in Rawang in 1953. Lafarge Malaysia Berhad (LMB) is today the parent of a group of companies in Malaysia and Singapore whose core businesses are in the manufacturing and sale of cement, ready-mixed concrete and other related building materials.

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You can register here and download the flyer here.

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Posted by Wata

Maybank Research retains Overweight on oil and gas sector

July 5, 2014

Who the heck is Yinson?

Dateline 2014-05-14, The Star:

 Maybank Investment Bank Research is maintaining its Overweight call on the oil and gas sector and its top picks are Dialog Group, Perdana Petroleum,SapuraKencana Petroleum, Perisai Petroleum and Yinson.

It said on Wednesday these companies had exposures in the Refinery and Petrochemical Integrated Development  (RAPID), offshore support vessels (OSV), Malaysia exploration and production (E&P), offshore drilling and  floating production, storage and offloading (FPSO).

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Japan’s JX to develop Malaysia’s Layang gas field

July 4, 2014

Dateline 2014-05-12, Reuters:

JX Nippon Oil & Gas Exploration Corp said on Monday it had decided to develop Layang gas field off the coast of the Malaysian state of Sarawak on Borneo island for an undisclosed sum, aiming to start production in April-June 2016.

Layang field, which is located about 8 km (5 miles) east of Helang gas field, now under production, in the same SK10 block, will have a floating production, storage andoffloading system (FPSO) installed, the company, a wholly-owned unit of JX Holdings, said in a statement.

 

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Reach Energy plans Malaysia’s largest shell company listing

July 3, 2014

Have you ever read the definition of a shell company?

Dateline 2014-05-12, Reuters:

Malaysia’s Reach Energy Bhd, a special-purpose acquisition company (SPAC) with no existing assets, plans to list shares on the local bourse in a deal to fetch 750 million ringgit ($232 million), according to a draft prospectus published on Monday.

The deal, which is expected in July this year, could mark Malaysia’s largest listing by a shell company with no assets. A SPAC is set up with the intention of buying firms that will be later folded into the business.

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