Start investing. Can someone give me a soft loan?
Dateline 2014-04-28, The Star:
Norway-based Norges, one of the largest foreign funds investing in Malaysian equities, has been nibbling small to mid cap stocks that offer exciting upside here.
It has taken up small stakes in 53 Bursa Malaysia-listed companies, with total investments of around RM1.7bil, according to a fund manager.
Norges has a market value of 5,038 billion kroner (RM2.73 trillion) as of end-2013.
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business opportunity, investment, Malaysia | Tagged: Norges | 
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Posted by Wata
Yeah, why dontcha?
Dateline 2014-04-26, Free Malaysia Today:
Chief Minister Musa Aman’s move to use bloggers to stoke discussions on Sabah’s oil and gas rights is a cowardice act, even if it is merely to gauge the federal government’s receptiveness, said political maverick Jeffrey Kitingan.
“It is not proper and transparent governance. The suggestion (to use bloggers to fight his battles) came up after he (Musa) refused to discuss the matter in depth during assembly.
“The Chief Minister should realise that it is not wrong for him and the state government to demand for ownership of Petronas.
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Leave a Comment » | business opportunity, Malaysia, oil and gas | Tagged: Jeffrey Kitingan, Musa Aman, Sabah | Permalink
Posted by Wata
Dateline 2014-04-24, FMT:
Barakah Offshore Petroleum Bhd has won a RM260 million contract from Petronas Gas Bhd (PetGas) for the procurement, construction and commissioning (PCC) of the Pengerang gas pipeline.
The project is undertaken by PetGas as part of the expansion of the Peninsular gas utilisation pipeline network to Pengerang Integrated Complex, Johor.
The project is awarded to Barakah’s subsidiary PBJV Group Sdn Bhd in a 50:50 consortium with CPM Construction Sdn Bhd, a subsidiary of Indonesian company PT Citra Panji Manunggal, according to both Barakah and PGB in separate exchange filings on Tuesday.
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2 Comments | business opportunity, Malaysia | Tagged: Barakah, PBJV, Pengerang | Permalink
Posted by Wata
Happy School Holidays.
Buy my recommendations, or through my Amazon store. Where are those corporate sponsors? Or throw donations at me. I need RM360 to get The Star ePaper
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: Bookalicious, ExxonMobil | Permalink
Posted by Wata
Dateline 2014-04-23, Trend:
The Supreme Audit Court of Iran confirmed that a subsidiary of the National Iranian Oil Company (NIOC) sold several crude oil and condensate freights worth about $1 billion to International Safe Oil Company in the second half of 2012.
The exact value of sold cargoes is $1,004, 609, 117.
According a report released by the Supreme Audit Court of Iran says that the Malaysian International Safe Oil Company (ISO) should have paid off its debt by the end of 2012, but hadn’t.
The U.S. and EU adopted tough sanctions targeting Iran’s oil revenues in mid-2012 to persuade Iran to curb its sensitive nuclear activities. After sanctions, Iran’s oil exports dropped significantly and went from 2.5 million barrels to 1.07 million barrels per day in 2013.
Iran reportedly has been using various ways to bypass the imposed sanctions on both its oil exports and transferring the payments.
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Posted by Wata
Stick an oil rig in the middle of the straits with shoot to kill authority, that’ll learn them.
Dateline 2014-04-24, Reuters:
Armed pirates raided an oil tanker off the coast of Malaysia and took three crew members with them, Malaysian maritime officials said on Wednesday, underscoring increasing threats to shipping in one of the world’s busiest waterways.
The incident in the Malacca Strait, a route for about a quarter of the world’s seaborne oil trade, has fuelled fears piracy could be on the rise in the area and drive up ship insurance premiums.
“We are very concerned,” said Noel Choong, head of the International Maritime Bureau’s Malaysia-based Piracy Reporting Centre, who added the ship was hijacked while sailing near the Malaysia town of Port Klang.
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Leave a Comment » | Malaysia | Tagged: hijacking, Malacca Strait, pirate | Permalink
Posted by Wata
Which Bane we talking about? Classic Bane? Movie Bane?
Dateline 2014-04-19, The Star:
A potential squeeze on its margins from the recent hike in gas tariffs may unsettle investors of Gas Malaysia Bhd, at least until it clears the air.
In the meantime, analysts have had to do a bit of guesswork on whether the higher gas prices will work in Gas Malaysia’s favour.
The company announced two weeks ago that it had secured the Government’s approval to raise the tariff for natural gas to the non-power sector in Peninsula Malaysia by an average of RM3.24/mmbtu, or 20%, to RM19.32/mmbtu from RM16.07/mmbtu, effective May 1.
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Leave a Comment » | Malaysia | Tagged: Gas Malaysia | Permalink
Posted by Wata
And the free market adjusts itself. Dateline 2014-04-18, Hydrogen Fuel News:
Increasing gas prices have caused some industries to evaluate their fuel requirement plan.
Some glove producers and steel manufacturers are considering other alternative energy sources for fuel to replace natural gas, due to upcoming hikes in gas prices that are anticipated to worsen the operational costs for these businesses.
Some manufacturers may turn to alternative fuel sources to decrease additional gas costs.
Although likely not the first manufacturer to do so, Supermax Corporation Berhad, is one chief glove manufacturer that has affirmed it would be investing in alternative sources that include renewable energy and biomass, to avoid having to pay more for rising gas prices.…
Leave a Comment » | Malaysia, oil and gas | Tagged: natural gas | Permalink
Posted by Wata
Congratulations to the winners of the Competition. We look forward to more participants next year. And more judges.
First Place – Monash
Second Place – Monash (do you see a trend?)
Leave a Comment » | Chemical, Malaysia | Tagged: Armada, CETD, design competition, IEM, Monash | Permalink
Posted by Wata
My technical division will be hosting a 1 day seminar on the 26th June, 2014. It is worth 6.5 CPD points, and held at Wisma IEM. Since I’m giving it, I expect hoards will have to be turned away at the gates.
A Hazard and Operability study is a formal and systematic and detailed examination of the process and engineering intentions of new or existing facilities which assesses the hazard potential and effects on the facility as a whole when operation is outside of the design envelope, or individual items of equipment malfunction.
This course is designed to educate participants in the HAZOP process from the perspective of a HAZOP team member. It is meant to provide both instruction and workshop sessions so that the participants:
- Are familiar with the concept of ‘risk’
- Are familiar with the theory behind HAZOP
- Are familiar with the actual HAZOP workshop process
- Have expectations as to what the HAZOP will (and won’t provide)
- Understand what deliverables can be expected from a HAZOP
- Have the opportunity to participate in HAZOP exercise in a safe environment
- Opportunity to share HAZOP experiences
At the end of the session, the participants should:
- Understand the responsibilities of all parties in the HAZOP
- Have experience in a HAZOP session.
- Understand the outcomes from a HAZOP session
Wata has 16 years of experience in the oil and gas industry, in both design and operations.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: course, HAZOP, razmahwata | Permalink
Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 