Dateline 2013-09-10:
Malaysia’s state energy firm Petronas is considering setting up a new mechanism to price oil produced in the Asia-Pacific that could better reflect demand and supply in the region, sources familiar with the matter said on Tuesday.
The plan comes two years after the second largest oil producer in Southeast Asia dropped a volatile Asian price marker for dated Brent pricing, a move that also prompted Vietnam and Brunei to change their benchmark.
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Posted by Wata
Dateline 2013-09-07, Malaysia Chronicle:
The bulk of that comes from the national oil company, Petronas. Over its lifespan, Petronas has accounted, at times, for up to 50 per cent of the government’s annual revenue.
These exclude the various economic spin-offs from its investments and business activities. It provides, directly or indirectly, tens of thousands of jobs, hundreds of millions of ringgit in business opportunities and other value-added services.
With its huge operations built over the years in Malaysia and around the world, Petronas has emerged as the 25th largest oil and gas company in the world, the 68th largest company in the world, 12th most profitable globally and most profitable in Asia.
Much of the success comes from its investments in various upstream and downstream petroleum activities and prudent management of its financial reserves.
There are not many state oil companies that have been as successful as Petronas.
Petronas needs to step up investments to expand its operations, weather the vagaries of global petroleum prices and boost its earnings to ensure its financial sustainability and that of the country’s economy.
That was the rationale behind Petronas’s plan, announced last year, to turn Pengerang in Johor into a vibrant petroleum hub in Asia, rivalling Singapore.
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Leave a Comment » | investment, Malaysia | Tagged: Pengerang, Petronas | Permalink
Posted by Wata
Hj Razali Ibrahim of GTS sicced me onto this app. It’s meant for us measurement folks. To quote the website on the capabilities of the full package:
Fluid Flow calculations and thermodynamic property calculations using the Spirit IT Flow-Xpert package allows you to use validated software on your iPad, iPhone, in a modern web-based environment or your favorite spreadsheet program for these detailed calculations.
So, head to your favourite app store (iOS iPad, iPhone or Android, not available in Symbian or champagne).
Now, Spirit IT, where is the free SmartCen Supervisory Computer I, ahem, ‘ordered’?
On another note, I would like to register Persatuan Pekerja-pekerja Buruh Jurukur dan Agihan. Who’s with me?
3 Comments | engineering, Malaysia, oil and gas | Tagged: Flow-Xpert, SmartCen, SpiritIT | Permalink
Posted by Wata
This is a shout out for the IEM. My Technical Division will be having a talk on Wed, 6th October, 2012. It’ll be at 5:30 pm at Wisma IEM. Note that no CPD points will be awarded, but I think the talk is important enough for you to attend.
Measurement is an important part of the oil and gas industry. The industry focus has mainly been on improving safety and optimizing production, but without accurate and credible measurement, there will be an unacceptable level of uncertainty in the amount being produced. This uncertainty may translate to commercial disputes, or improper management of available reserves.
This presentation will provide an introduction to measurement. The session will be broken down as follows:
Part 1: Introduction to Measurement (approximately one hour)
Part 2: Why Measurement is Important (approximately one hour)The presentations are part of TUV NEL’s ‘Free Flow Measurement Training’ series.
Gilbert has worked in the Engineering Industry since 1966 progressively developing a career path, which included a Managing Directorship in a specialised Flow Measurement Consultancy Company. The majority of his career has been concentrated in the area of flow measurement, allocation, sampling and analysis in the Oil and Gas Industry. His current role is developing a Flow Consultancy business for TÜV NEL in the Asia Pacific Region.
Chris is a flow measurement consultant at NEL in Glasgow, Scotland who specialises in the oil & gas industry. He has approximately 5 years experience at NEL and works predominately on consultancy for the oil & gas industry. Chris has in depth knowledge of flow measurement technologies, allocation and measurement uncertainty. Chris has been the technical lead on several high value projects during his time at NEL. Chris’s knowledge and expertise were exploited in the NEL led Joint industry Project researching measurement techniques for high viscosity fluids. He was also responsible for the modification to the NEL oil flow facility to incorporate high viscosity fluids up to 1500 cSt. He has presented technical papers on flow measurement at several conferences around the world, including Calgary, Kuala Lumpur, London and Oslo. He has also represented NEL at the Energy Institute HMC-1 meetings and been part of the Oil & Gas Focus Group steering committee.
You can register here, and flyers for the above and other events may be obtained here.
Leave a Comment » | Chemical, engineering, Malaysia | Tagged: IEM, NEL, TÜV | Permalink
Posted by Wata
Happy Budget Analysis Day!
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.
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.
Break the Low Yat stranglehold! Support Newegg Malaysia, or check Amazon’s International Shipping. Yeah, baby!
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?
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: Jerry Varghese, newegg, PBJV, Sadara, Synergy, UMW | Permalink
Posted by Wata
This is a shout out for the IEM. My Technical Division will be having a talk on Wed, 6th October, 2012. It’ll be at 5:30 pm at Wisma IEM. Note that no CPD points will be awarded, but I think the talk is important enough for you to attend.
Measurement is an important part of the oil and gas industry. The industry focus has mainly been on improving safety and optimizing production, but without accurate and credible measurement, there will be an unacceptable level of uncertainty in the amount being produced. This uncertainty may translate to commercial disputes, or improper management of available reserves.
This presentation will provide an introduction to measurement. The session will be broken down as follows:
Part 1: Introduction to Measurement (approximately one hour)
Part 2: Why Measurement is Important (approximately one hour)The presentations are part of TUV NEL’s ‘Free Flow Measurement Training’ series.
Gilbert has worked in the Engineering Industry since 1966 progressively developing a career path, which included a Managing Directorship in a specialised Flow Measurement Consultancy Company. The majority of his career has been concentrated in the area of flow measurement, allocation, sampling and analysis in the Oil and Gas Industry. His current role is developing a Flow Consultancy business for TÜV NEL in the Asia Pacific Region.
Chris is a flow measurement consultant at NEL in Glasgow, Scotland who specialises in the oil & gas industry. He has approximately 5 years experience at NEL and works predominately on consultancy for the oil & gas industry. Chris has in depth knowledge of flow measurement technologies, allocation and measurement uncertainty. Chris has been the technical lead on several high value projects during his time at NEL. Chris’s knowledge and expertise were exploited in the NEL led Joint industry Project researching measurement techniques for high viscosity fluids. He was also responsible for the modification to the NEL oil flow facility to incorporate high viscosity fluids up to 1500 cSt. He has presented technical papers on flow measurement at several conferences around the world, including Calgary, Kuala Lumpur, London and Oslo. He has also represented NEL at the Energy Institute HMC-1 meetings and been part of the Oil & Gas Focus Group steering committee.
You can register here, and flyers for the above and other events may be obtained here.
Leave a Comment » | Chemical, engineering, Malaysia, oil and gas | Tagged: IEM, NEL, TÜV | Permalink
Posted by Wata
I was wondering how ‘Tan’ was in the title. Turns out the original article misprinted his name.
Daily Express, dateline 2013-09-06:
Deputy Chief Minister cum Minister of Industrial Development Datuk Raymond Tan Shu Kiah has expressed his keenness to have an oil and gas skills training centre to be built in the east coast of Sabah.
He expressed his intention during the courtesy call by a delegation from Talisman Malaysia Limited to his office here Thursday.
Talisman Malaysia has managed few operational activities in Sabah and wishes to groom their business in Sabah at the same time to be fully committed with their corporate social responsibility in Sabah including the environmental, socio-economic, and educational programme.
…
Leave a Comment » | investment, Malaysia, oil and gas | Tagged: Raymond Tan, Sabah, Talisman | Permalink
Posted by Wata
If you have never been to CONSIST, you really must. The BOSET course can be likened to a washing machine. You have …
Leave a Comment » | Malaysia, oil and gas | Tagged: Consist | Permalink
Posted by Wata
Now, since the head of PETROFAC is in charge of Vestigo, any ideas who’s the winner among the contenders?
Dateline 2013-08-26, The Star:
SapuraKencana Petroleum Bhd, Talisman and Petrofac have been shortlisted for the second round of Newfield Exploration Co’s oil and gas assets in Malaysia and China, said sources close to the deal.
Last week, Hibiscus Petroleum Bhd confirmed that it had been shortlisted for this two-round bidding process, where the second-round bids are expected to be submitted by Sept 26. The source added that the results for the winning bidder should be known by year-end. Goldman Sachs Group Inc is the investment banker mandated to manage this bidding process. It would appear that only a handful of companies out of the 65 companies that had initially expressed interest for Newfield’s assets worth some US$1.7bil have been selected for the second round.
…
Leave a Comment » | Malaysia, oil and gas | Tagged: newfield, Petrofac, SapuraKencana, Talisman | Permalink
Posted by Wata
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.
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.
Break the Low Yat stranglehold! Support Newegg Malaysia, or check Amazon’s International Shipping. Yeah, baby!
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? Doctor says I need to lose weight, sugar, cholesterol. Wish me luck.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: newegg, Synergy | Permalink
Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 