Petronas’s floating LNG facility to be completed by late 2015

May 20, 2014

Dateline 2014-04-08, The Sun:

Petroliam Nasional Bhd’s (Petronas) floating liquefied natural gas (PFLNG 1) facility – the first in the world – being constructed at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea, is scheduled to be completed in the fourth quarter of 2015.

In a press statement yesterday, Petronas said PFLNG1, also dubbed PFLNG Satu, will be moored in Malaysia’s Kanowit gas field, 180km offshore Sarawak, set to produce 1.2 million tonnes of LNG every year.

“It will play a significant role in Petronas’s efforts to unlock the gas reserves in Malaysia’s remote and stranded fields currently deemed uneconomical to develop and evacuate and will help meet the growing demand for gas,” it said.

…

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Posted by Wata

IEM Shout Out – 1 Day Seminar on Construction Blasting: Current Issues

May 20, 2014

This is a shout out for the IEM. My Technical Division will hosting the above seminar on Wednesday the 4th June, 2014 by Ir. Tony Chew, Juna Azleen bin Abdul Ghani, Ir. Look Keman Sahari.

As a result of fast pace development housing, business centres, factories etc are being built near existing structures. Development within city areas for examples requires firm foundation below the surface where underground space are also used as car parks, LRT stations, bus station etc. Excavation of underground space requires the removal of soil and also rocks. In both Selangor and Penang Island the need for building new houses for expanding population requires the cutting and levelling of hilly areas. All these require the use of explosives.

Blasting of rock using explosives near existing structures especially where people live requires special expertise which ordinary shotfirers and even blasting engineers do not learn even in universities. Experience and guide from experienced engineers are needed to ensure successful and safe blasting work.

This one day seminar will discuss the current Regulatory requirements, procedures and also the need for proper competence persons to ensure the safety of the blasting work at construction sites. Standards that are being used as references will also be discussed. Current methodology being practiced will also be shown and case studies from previous project locally and overseas will also be referred.

Not forgetting, the peril of blasting work may result in incidents such as flyrock issues which had caused property damages and sometimes can be fatal. These incidents may result in long work stoppages. Techniques being applied to mitigate flyrock issues and also other environmental issues will be presented. The alternatives means of breaking rocks will also be discussed.

 

You can register here. Flyers may be obtained here.

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Posted by Wata

Saturday Star 2014-05-17 – Job Opportunities

May 19, 2014

Happy Vung Tau Week (still).

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

  • 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.
  • Technip is asking if you are ready for a RAPID development. They are looking for people in Operations, Engineering, Construction and Support. Apply at http://www.technip.com → careers.
  • ExxonMobil is looking for safety facilities engineer, control applications engineer, mechanical engineer, real time optimization engineer. Apply here.

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!

If you need electronic equipment sorted out, may I suggest RHS Star, No. 22 (Unit 1), Jalan Puchong Permai 2, Taman Puchong Permai, 47100.
Since I had just noted the passing of Trevor Kletz, I would like to suggest that this week you dedicate to purchasing books written by him:

What Went Wrong?, Fifth Edition: Case Histories of Process Plant Disasters and How They Could Have Been Avoided (Butterworth-Heinemann/IChemE), Still Going Wrong!: Case Histories of Process Plant Disasters and How They Could Have Been Avoided, Process Plants: A Handbook for Inherently Safer Design, Second Edition

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

Petronas to Proceed With $27 Billion Malaysia Oil, Chemicals Hub

May 18, 2014

Dateline 2014-04-03, Business Week:

Petroliam Nasional Bhd., Malaysia’s state oil and gas company, will proceed with a plan to invest in a $27 billion refining and petrochemicals project in the southern Johor state bordering Singapore.

The proposed Pengerang Integrated Complex will comprise of a refinery and petrochemical development and other associated facilities, the company known as Petronas said in a statement today after its board approved the investment decision. The project is poised for its refinery startup by early 2019, it said.

Today’s decision may help a push by Malaysia to turn the fishing town of Pengerang into an oil and gas hub. It comes after Taiwan’s Kuokuang Petrochemical Technology Co. in December ended a plan to build a $12 billion petrochemicals project in the same area.

…

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Posted by Wata

Petronas has been bailing out Putrajaya financially since 1985, says Ku Li

May 17, 2014

Dateline 2014-04-04, The Malaysian Insider:

The founding chairman and chief executive of Petronas yesterday lamented that Putrajaya has been treating the leading oil and gas company as a cash cow, especially in bailing out government-linked outfits of financial trouble.

Tengku Razaleigh Hamzah, or Ku Li, said since its inception in 1974 and until 2011, Petronas paid the government RM529 billion in dividends, taxes, petroleum proceeds and export duties.

He said the reliance of Petronas to help government-linked outfits out of financial trouble had been going on since 1985.

…

 

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Petronas expected to keep up exploration efforts

May 16, 2014

Dateline 2014-04-01, The Sun:

Petroliam Nasional Bhd (Petronas), which drilled 160 wells between 2009 and 2013, is expected to maintain its exploration efforts at a steady pace with brownfield and new developments to command a greater share of future oil production.

Public Investment Bank said Petronas is positive on the oil and gas industry going forward as Malaysia continues to attract investments and interest from new players.

To date, 101 production sharing contracts and five risk sharing contracts have been awarded, supported by a rise in upstream expenditures by a compounded annual growth rate about 37%.

It said Petronas, as a national oil company, is challenged to deploy its capital and resources efficiently to compete globally amid rising costs, compressed margins and higher country risk and barriers.

…

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IEM Shout Out – Talk on Four Strategies to Improve Product Quality of Dehydrated Fruits

May 15, 2014

This is a shout out for the IEM. My Technical Division will be having a talk on Thursday 22nd May, 2014. It’ll be at 5:30 pm (makan-makan at 5.00pm) at Wisma IEM.

Consumers are health conscious and seeking for healthier natural foodstuffs in order to have a nutritious diet, and this lead to the increase of dietary intake of fruit. Fresh fruit contains vitamins, minerals and high amount of water. However, it has a short shelf life due to biochemical changes. In engineering perspective, postharvest processing of excessive fresh fruit, such as drying is widely used. What kind of drying method to be used? What are the key factors necessary to produce high quality dehydrated fruits? This talk aim to share how to minimise changes in physical appearance, colour as well as bioactivity attributes such as total polyphenol contents and antioxidant capacity of dehydrated fruits.

The above will be presented by  Engr Dr Chong. Engr Dr Chong is the Associate Dean (Learning and Quality) for the School of Engineering at Taylor’s University. He holds a PhD in Engineering, a Chartered Engineer of the Engineering Council, UK, Graduate Member of Institute of Engineers Malaysia (IEM), Graduate Member of Board of Engineers Malaysia (BEM), Member of Institution of Chemical Engineers (IChemE), UK and Member of Institution of Engineering Technology (IET), UK. He is one of the CDIOTM leaders in Asia Region. His academic research interest is in the area of drying technology, energy, health and engineering education. He published more than 40 international journals, conferences papers, technical bulletin/proceedings and a book chapter for the past 7 years. Recently, he published a paper in Food Chemistry with a viewing and downloading record of 197 within a month.

You can register here and download the flyer here.

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Posted by Wata

IEM Shout Out – Talk on Engineering Finance Made Easy For Engineers

May 14, 2014

This is a shout out for the IEM. My Technical Division will be having a talk on Saturday 17th May, 2014. It’ll be at 9:00 am (makan-makan at 8.30) at Wisma IEM.

The talk will be an introduction on how to (re)structure projects to ensure sustainability using the Engineering Finance(c) methodology and its tool called Techno-Financial Model(c). It is also to inculcate cost consciousness amongst directors and senior and middle management facing heavy responsibilities in a borderless and globalised world and to expose them to the many uses of Techno-Financial Model (TFM) in considering different Technology or Product options that could optimise returns.

The above will be presented by  Ir. Prof. Madya Dr. Maulud Abdul Latif. Ir. Prof. Madya obtained his Engineering Doctorate (EngD) in Engineering Finance from UTM/University of Warwick. He also holds an MBA Finance from the University of Queensland Business School, a B. Sc. (Hons) in Mining Engineering from the University of Wales and a Diploma in Mechanical Eng. from Universiti Teknologi Malaysia. In addition, he holds the Dredgemaster Certificate of Competency and is a member of the Board of Engineers, Malaysia, Institution of Engineers, Malaysia and the Institute of Mineral Engineers. You can register here and download the flyer here.

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IEM Shout Out – 1 Day Seminar on The Application of Engineering Finance Methodology in Structuring A (Long-Term) Financially Sustainable Project

May 14, 2014

This is a shout out for the IEM. My Technical Division will hosting the above seminar on the 5th June, 2014. by Ir. Prof. Madya Dr Maulud Abdul Latif.

Learn how to (re)structure projects to ensure sustainability using the Engineering Finance(c) methodology and its tool called Techno-Financial Model(c) (TFM). The seminar aims to inculcate cost consciousness amongst directors and senior and middle management facing heavy responsibilities in a borderless and globalised world and to expose them to the many uses of Techno-Financial Model in considering different Technology or Product options that could optimise returns.

Engineering Finance can be described as the ‘bridge’ that bridges the gap between “Engineering” and “Finance” to structure a cost-efficient project design/plan that is financially viable. This Engineering Finance methodology could also be used to evaluate the impact of “Technology” and “Product” changes on the IRR, i.e. financial viability. It can also be used to identify the project’s Critical Component (CCA) that could undermine the viability of the project. This TFM can also be used to prepare construction budget and O&M (post construction) budget.

Update with new terminologies in Engineering Finance e.g. Cost Efficiency Model, Economic Efficiency, Techno-Financial Model etc. Case studies from Biomass Power Plant to Biodiesel Plant to Mining and Property development.

The course will delve on:

  •   Understand the concept of Engineering Finance as a ‘bridge’ to develop a proper mindset for creating financial models.
  • Understand common definition & terminologies used in Engineering Finance e.g. Critical Components Analysis (CCA) etc.
  • Learn new Engineering Finance methodologies e.g. Techno-Financial Modelling (TFM), Cost Efficiency Model (CEM), Economic Efficiency (EE) and Product-Technology Option Matrix.
  • Understanding thoroughly key criteria used to assess project viability such as Project IRR, Equity IRR, ROE, ROI, etc.
  • Understand the importance of corporate structure in structuring the financial model.
  • Know the types of project funding available, their difficulties and obligations.
  • Learn how to conduct a full feasibility study using Engineering Finance Project Implementation Flow Chart. Definition and concept of Engineering Finance.

The seminar will be led by Ir. Prof. Madya Dr Maulud Abdul Latif. He obtained his Engineering Doctorate (EngD) in Engineering Finance at the UTM/University of Warwick. He also holds an MBA Finance from the University of Queensland Business School, a B. Sc. (Hons) Mining Engineering from the University of Wales and a Diploma in Mechanical Eng. from Universiti Technologi Malaysia. In addition, he holds the Dredgemaster Certificate of Competency and is a member of the Board of Professional Engineers, Institute of Engineers and Institute of Mineral Engineers.

You can register here. Fliers may be obtained here.

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Posted by Wata

IEM Shout Out – 1 Day Seminar on Construction Blasting: Current Issues

May 13, 2014

This is a shout out for the IEM. My Technical Division will hosting the above seminar on Wednesday the 4th June, 2014 by Ir. Tony Chew, Juna Azleen bin Abdul Ghani, Ir. Look Keman Sahari.

As a result of fast pace development housing, business centres, factories etc are being built near existing structures. Development within city areas for examples requires firm foundation below the surface where underground space are also used as car parks, LRT stations, bus station etc. Excavation of underground space requires the removal of soil and also rocks. In both Selangor and Penang Island the need for building new houses for expanding population requires the cutting and levelling of hilly areas. All these require the use of explosives.

Blasting of rock using explosives near existing structures especially where people live requires special expertise which ordinary shotfirers and even blasting engineers do not learn even in universities. Experience and guide from experienced engineers are needed to ensure successful and safe blasting work.

This one day seminar will discuss the current Regulatory requirements, procedures and also the need for proper competence persons to ensure the safety of the blasting work at construction sites. Standards that are being used as references will also be discussed. Current methodology being practiced will also be shown and case studies from previous project locally and overseas will also be referred.

Not forgetting, the peril of blasting work may result in incidents such as flyrock issues which had caused property damages and sometimes can be fatal. These incidents may result in long work stoppages. Techniques being applied to mitigate flyrock issues and also other environmental issues will be presented. The alternatives means of breaking rocks will also be discussed.

 

You can register here. Flyers may be obtained here.

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

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