Saturday Star 2018-03-10 – Job Opportunities

March 12, 2018

Happy IEM balloting week. IGL has pivoted into training, so book your seats now.

We’re thinking of republishing Young Turks of PETRONAS, but it’s a minimum 500 book printing run. Do I have enough interested persons to purchase?

Donate to your favorite charity (me), buy my recommendations, or through my Amazon store. Or get the Young Turks series (3 books until I can get YTP republished). Where are those corporate sponsors? Or throw donations at me, my camera dive case flooded, and I need a new replacement. Heck, if you want to send me a Canon 5D Mk III plus dive case, I will not say no.

  • I have a feeling that The Star isn’t the preferred O&G job recruitment portal now, and they have moved adverts to another online presence (I bought a dead tree edition this week). I see more adverts via social media. What do you think, is it a step change that the papers need to embrace?
  • I’m looking for jobs for 2Q2018. Send me your POs.

Food choice of the week? I’ll think about it.

This week, may I suggest you have a peek at Dakwah Corner? They have branches in Subang Parade, PJ Section 14, Ampang Park (okay, forget about the Ampang Park branch)

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

Why Sarawak is questioning the law that created Petronas

March 11, 2018

See connection between May 13 and PDA.

Dateline 2018-01-27, The Edge Markets:

Sarawak is questioning whether the Petroleum Development Act (PDA) — the law that created Petroliam Nasional Bhd, Malaysia’s only Fortune 500 company and vested with the nation’s oil and gas wealth — is still relevant today.

The question hinges on the state of emergency under which the bill was passed in 1974, according to The Edge Malaysia‘s cover story ‘Why Sarawak questions the Petroleum Development Act’ for the week of Jan 29-Feb 4 by assistant editor Khairie Hisyam Aliman, citing the Sarawak Chief Minister (CM).

The CM Datuk Patinggi Abang Abdul Rahman Zohari, popularly known as Abang Johari, told the weekly that the issue is a critical matter Sarawak is actively pursuing.

…

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Posted by Wata

Southeast Asia set for gas boom

March 10, 2018

Did I miss the boom? Crash is what I am still hearing.

Dateline 2018-01-25, ENB:

SOUTHEAST Asia is set for a gas boom from now through to 2020, according to Rystad Energy, with a collective four billion barrels of oil equivalent resources from 50 fields likely to be developed, requiring a US$28 billion capital expenditure from final investment decision to first production.

…

Leave a Comment » | investment, Malaysia | Permalink
Posted by Wata

MOGEC – Golf Series 24 March 2018, Bukit Kemuning Golf and Country Resort

March 9, 2018

We look forward to your registration. Now. Contact khasmah@mogec.org.my

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Posted by Wata

MPRC’s Shahrol Halmi: Don’t be ‘overexcited’ about oil topping US$70

March 9, 2018

Yeah, pay us little fish at higher rates, then we can get excited together. And don’t swallow.

Dateline 2017-01-23,  The Edge:

Malaysia Petroleum Resources Corp Bhd (MPRC) said oil and gas (O&G) support service providers should not be “overexcited” about the recent rise in crude oil prices above US$70 a barrel. This is because prices of the commodity are still expected to be volatile.

MPRC, an agency reporting to the Prime Minister’s Department, was established to develop the O&G services and equipment (OGSE) industry in Malaysia. MPRC president Datuk Shahrol Halmi said OGSE companies should continue keeping an eye on efficiency in order to address cost while protecting profit margin through implementation of new technologies or integrated solutions.

“The interest in O&G companies is [returning] quite a bit, especially after the Petronas Activity Outlook (2018-2020 report) came out, and after Petronas contract awards recently. [But] the key point to note here is that one swallow does not make a spring.

…

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Posted by Wata

Petronas dishes out MCM contracts to Malaysian contractors

March 8, 2018

Dateline 2018-01-17, Seatrade Maritimes News:

Petronas E&P unit Petronas Carigali has awarded a slew of contracts to provide maintenance, construction and modification (MCM) services at its offshore facilities in Peninsular Malaysia, Sabah and Sarawak to five local Malaysian contractors.

Carimin Engineering Services, Dayang Enterprise, Deleum Primera, Petra Resources, Sapura Fabrication and its joint venture partner Borneo Seaoffshore Engineering were selected for a five-year contract each with an option to extend another year, effective last September, local media reported.

“Under the terms of the contract, the engineering and maintenance services will include topside major maintenance and facilities improvement projects,” Petronas Carigali said.

…

 

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Posted by Wata

Third Party Access system no threat to Petronas Gas, says Kenanga Research

March 6, 2018

Dateline 2018-01-16, The Sun:

Kenanga Research is of the view that the Third Party Access (TPA) system, which took effect yesterday, will not be a drag on Petronas Gas Bhd’s (PetGas) earnings, given that the company is purely a transporter and processor and is not involved in gas supply.

In any case, the research house said, TPA will only affect PetGas’ parent company, Petroliam Nasional Bhd (Petronas) and Gas Malaysia Bhd.

On Monday, PetGas announced that the Energy Commission had confirmed the current tariff for the Peninsular Gas Utilisation System, Regasification Terminal Sungai Udang and Regasification Terminal Pengerang will be maintained until the end of this year.

At the same time, the company said it is in full compliance with the technical and operational provisions of the TPA system, which allows any party to have access to gas facilities available.

Kenanga Research said the news was not a surprise, given the management indication earlier that the new tariff structure is likely to be delayed as the authority needs more time to come out with a feasible framework to ensure the stability of the fee structure.

The share price of PetGas has suffered since early last year, going from above RM21 to a 52-week low of RM15.82 before recovering to the current level of RM19. Kenanga Research said this was because the market was anticipating a severe cut in tariff, which will dampen PetGas’ earnings.

…

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

Saturday Star 2018-03-03 – Job Opportunities

March 5, 2018

Happy worry about the future week. IGL has pivoted into training, so book your seats now.

We’re thinking of republishing Young Turks of PETRONAS, but it’s a minimum 500 book printing run. Do I have enough interested persons to purchase?

Donate to your favorite charity (me), buy my recommendations, or through my Amazon store. Or get the Young Turks series (3 books until I can get YTP republished). Where are those corporate sponsors? Or throw donations at me, my camera dive case flooded, and I need a new replacement. Heck, if you want to send me a Canon 5D Mk III plus dive case, I will not say no.

  • I have a feeling that The Star isn’t the preferred O&G job recruitment portal now, and they have moved adverts to another online presence (I bought a dead tree edition this week). I see more adverts via social media. What do you think, is it a step change that the papers need to embrace?
  • I’m looking for jobs for 2Q2018. Send me your POs.

Food choice of the week? I’ll think about it.

This week, may I suggest you have a peek at Dakwah Corner? They have branches in Subang Parade, PJ Section 14, Ampang Park (okay, forget about the Ampang Park branch)

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

Malaysia’s Sarawak state to take 10 pct stake in Petronas LNG facility

March 4, 2018

Dateline 2018-01-16, Nasdaq:

Malaysian energy firm Petroliam Nasional Berhad, or Petronas, said the Sarawak state government will take an equity stake in one of its liquefied natural gas (LNG) production facilities.

The state government has signed a term sheet with Petronas for an equity participation in LNG Train 9 at the company’s LNG complex in Bintulu, Sarawak, Petronas said in a statement on Monday.

Sarawak will take a 10 percent equity stake, according to state news agency Bernama.

…

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Posted by Wata

A Look At Murphy Oil Corporation (NYSE:MUR) Malaysia E&P Operations

March 3, 2018

Dateline 2018-01-14, Hadeplatform (not to be confused with Hades Platform, you ‘The Good Place’ fans):

Malaysia E&P operations reported earnings of $67.7 million for the third quarter of 2017, compared to earnings of $65.0 million a year earlier. Favorable to Malaysia was higher average oil and natural gas prices.

However this was mostly offset by lower natural gas volume sold, higher lease operating expense, higher depreciation expense and higher income tax expense. Crude oil and natural gas sales volumes in Malaysia were lower in the 2017 quarter versus 2016, primarily due to a maintenance shutdown in Sarawak in 2017.

…

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Posted by Wata

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