Nga calls for Petronas to be audited by Auditor General

November 26, 2013

Yes, PETRONAS, open the kimono, or baju kurung if you want local flair. And did the Honourable MP just find the Petroleum Act? I would like to see whether PETRONAS has been missing any firearms as well, and how much did their printers cost?

Dateline 2013-10-02, The Star:

Taiping MP, Nga Kor Ming calls for Petronas to be audited by the Auditor General and eventually debated in the Dewan Rakyat.

“Petronas has been around for 38 years now, however it has not been audited even once.

“I also found that section 3 of the Petroleum Act (1974) states that it only allows the office of the Prime Minister to have access to the accounts as it is classified as private and confidential,” he said during a press conference at the parliament on Wednesday.

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Saturday Star 2013-11-23 – Job Opportunities

November 25, 2013

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. Send your cv here. Also looking for technical safety persons, metering / measurement engineers and other seniors you think will catch my eye.
  • Carigali Hess is looking for a principal drilling engineer, reliability engineer, commissioning engineer, reservoir engineer, instrument engineer. Send your cv here,  with a detailed resume stating references, expected remuneration, contact telephone and email address, before 7 December, 2013.

Help me (and you) increase my cloud presence. Pleease use some form of cloud storage, so if you lose your laptop with those oh-so-important reports, be assured that (with Internet access) the files are still accessible. Use my referrals for Dropbox, MiMedia,  SpiderOak, MediaFire, Ubuntu One, Sugar Sync.

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!

Let’s go back to basics, the quanta of it all:

  

Alice in Quantumland: An Allegory of Quantum Physics, The Wizard of Quarks: A Fantasy of Particle Physics, Scrooge’s Cryptic Carol: Visions of Energy, Time, and Quantum Nature

The IEM has a coffee table book out, Engineering Heritage of Malaysia (no, it is not Datuk Seri Samy Vellu’s bio). Visit here for details.

Food?I had lunch at Chakri Palace, KLCC. Blooming expensive. Anyone want to treat me to dinner there?

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Hibiscus, Ho Hup take the LIMELIGHT

November 24, 2013

Oldie but goldie.

Dateline 2013-10-14, Malaysia Chronicle:

Hibiscus Petroleum Bhd and Ho Hup Construction Co Bhd seem to be getting more than their fair share of interest from the stock-buying public.

Hibiscus, which counts billionaires Tan Sri Quek Leng Chan and Tan Sri A.P. Arumugam as its shareholders, is seen to be slowly moving away from operating as a special purpose acquisition
company (SPAC).

Hibiscus was the country’s first SPAC to be listed on the stock exchange, but ironically some of its recent moves seem to suggest the company plans to aquire quantifiable assets to back up its resume.

This can be seen from its move to acquire Newfield Exploration Co’s oil and gas assets in Malaysia and China.

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Oil firm with Gaddafi ties helped construction giant win contracts overseas

November 24, 2013

Not wholly a Malaysian topic, but 1) I need link bait, 2) Leighton does have a local presence. Dateline 2013-10-02:

Leighton Holdings‘ offshore arms enlisted a network of middlemen with links to influential officials in corruption-prone countries to help it win huge contracts.

Those middlemen included a Monaco firm with ties to former Libyan dictator Muammar Gaddafi and senior Iraqi politicians.

Company files indicate the Australian construction giant paid Monaco’s Unaoil $40 million at the direction of the Iraqi Oil Ministry as part of a 2010 contract suspected of being corrupt.

The ministry had nominated Unaoil as the subcontractor that would provide domestic support to Leighton Offshore on a $750 million oil pipeline project.

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The files suggest Unaoil, which has employed former top Iraqi oil officials, received its money after the Australian company allegedly artificially inflated the value of an onshore support services contract by $40 million.

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Tapis EOR project will start production in 2014

November 23, 2013

From The Malaysian Reserve, dateline 2013-10-03:

The Tapis Enhanced Oil Recovery (EOR) project is moving a step closer to production with the significant completion of the main central processing facility called Tapis-R topsides.

The project will see the oil production from the ageing Tapis field increase from the current estimated 5,000 barrels per day to a maximum output of 25,000-35,000 barrels per day (bpd) by 2017.

The EOR is a 50:50 participation between ExxonMobil Exploration & Production Malaysia Inc (EMEPMI) and Petronas Carigali Sdn Bhd (PCSB).

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Legal and moral duty of Sabah MPs to act: Jeffrey

November 23, 2013

Dateline 2013-10-13,Daily Express:

It is the legal duty and moral obligation of the Sabah Government and every Sabah MP to take immediate steps and by all available means to regain Sabah’s oil ownership, said Sabah Star Chief Datuk Dr Jeffrey Kitingan.

Commenting on the public debate between Tan Sri Harris Salleh and Datuk Yong Teck Lee at the Sabah Golf and Country Club on Friday night, he said the “explanation” of Harris was that he had no choice but to sign the 1976 Oil Agreement with Petronas and receive five per cent cash payment for Sabah’s oil as the Federal Government had stated that Sabah’s oil found offshore belonged to the Federal Government and signing and getting five per cent was better than getting nothing at all.

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Malaysia’s UMW Oil & Gas sets tight IPO bookbuilding range

November 22, 2013

Yes, historical info, thank you for informing me.

Dateline 2013-10-02, Reuters:

UMW Oil & Gas Corp Bhd , a Malaysian offshore and drilling services firm, set a tight IPO bookbuilding range of thanks to strong demand from cornerstone investors, a source with direct knowledge of the process told Reuters on Wednesday.

This values the IPO at up to 2.36 billion ringgit ($729.63 million), the largest in Malaysia so far this year. This IPO comes on top of the $680 million flotation by Westports Holdings Bhd, operator of the country’s busiest port.

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IEM Shout Out – One Day Course on on Industrial Waste Water Quality Monitoring and Testing

November 20, 2013

This is a shout out for IEM. The Chemical Engineering Technical Division will be organizing a one day course Industrial Waste Water Quality Monitoring and Testing on the 18th December, 2013 (Wed) at Wisma IEM, PJ. The session is scheduled to start at 9 a.m. (registration at 8.30 a.m.) and end around 5 p.m. Participant will be granted 5.5 CPD/ PDP hours at the end of the course.

 Wastewater monitoring and control conducted by competent personnel is very important to provide accurate characteristics of the water so that the actual condition of the treatment efficiency can be evaluated effectively. In practice, precise and consistent measurement is sometimes difficult to obtain and most of the time is due to the lack of knowledge and experience in analysis.
This workshop is aimed to help in capacity building and to build confidence in wastewater monitoring and analysis. In this case, any technicians, engineers, chemists, scientists and researchers whom working in wastewater related field are greatly welcome. The objective of this workshop is to provide knowledge, introductory training and basic skills on water analysis through lectures and discussion as a part of professional career development.

Ir. Dr. Chong Mei Fong received her PhD, on “modeling, simulation and design of membrane based palm oil mill effluent (POME) treatment plant from pilot plant studies”, in 2007 at the Universiti Sains Malaysia (USM) in Malaysia. She is the Associate Professor from Department of Chemical and Environmental Engineering at the University of Nottingham Malaysia Campus, Chair for Postgraduate Research Sub-Committee, Chair for Women in Science, Engineering and Technology (WinSET) working group and the Deputy Head of Research for the Environmental Research Division. She is also a Professional Engineer registered with the Board of Engineer Malaysia (BEM), a member registered with The Institution of Engineers, Malaysia (IEM), affiliate member of Institution of Chemical Engineers (IChemE) and fellow of Higher Education Academy, UK.

Register here or download the form here. A map to Wisma IEM is presented here.

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At the Wellhead: Malaysia sets out a plan to reverse its oil output slide

November 20, 2013

Dateline 2013-09-30, Platts:

Malaysia wants to reverse a long decline in its crude oil output. It recently completed a project that it sees as a major step in that direction. Mriganka Jaipuriyar discusses the project in this week’s Oilgram News column, At the Wellhead.

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Malaysia recently achieved a significant milestone in its attempt to reverse a decline in crude oil production with the completion of the Tapis-R platform — a 23,500 mt mega structure for the enhanced oil recovery (EOR) project at the aging Tapis field located offshore Terengganu in Peninsular Malaysia.

With the EOR project, Petronas and ExxonMobil are aiming to recover an additional 180 million barrels of crude oil from the field, which was discovered in 1969, and extend its life by another 30 years.

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Malaysia’s oil and gas services looking farther afield

November 19, 2013

Dateline 2013-09-28, Borneo Post:

Companies servicing Malaysia’s oil and gas sector are using the experience and expertise gained during collaborative ventures with foreign firms as a launchpad for overseas expansion.

Four decades of developing solutions for Malaysia’s operational environment, under the state-owned hydrocarbons producer, Petroliam Nasional Bhd (Petronas), have put local outfits on a solid footing to enter the rapidly expanding global oil services industry.

However, the fast pace of growth has also produced challenges for firms embarking on international expansion, including project delays and equipment shortages, which are taking their toll on margins.

Production on the rise

At home, Malaysia’s oil sector services providers have benefited from Petronas’s efforts to galvanise production in recent years, spearheaded by a US$30 billion investment aimed at ramping up output, developing new offshore reserves and extending the production life of existing fields.

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