Petronas Gas’ H2 outlook promising: HwangDBS

October 11, 2013

That’s because when gas is bought at market rates, the cost is passed on to the voters.

Dateline 2103-09-23, from Sin Chew Jit Poh:

HwangDBS Vickers Research, which maintained a buy call on Petronas Gas Bhd, expects a stronger second half this year led by the maiden contribution from the Melaka Regas plant and larger gas capital expenditure.

“We expect earnings to recover in the second half and management has guided for 3-5 per cent per annum earnings growth from the Regas plant, thus contributing to a promising outlook as Petronas planned to invest RM15 billion to find new gas to cater for the rising demand in Peninsular Malaysia,” it said in a research note today.

The company was also poised to secure overseas ventures given its strong balance sheet, HwangDBS said.

…

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

Hibiscus shortlisted in bid for Newfield assets

October 10, 2013

From SPAC to PSC in one fell swoop? This is how you break into the O&G big bucks.

Dateline 2013-08-21:

Malaysia’s first special purpose acquisition company (SPAC), has been short-listed for the second round of bidding for Newfield Exploration Co’s Malaysian and Chinese oil and gas fields valued at about US$1.2 billion (RM3.94 billion).

“It was only a handful of companies that made it to the second round from the 65 companies initially expressed interest, and we are one of them,” said Hibiscus MD Dr Kenneth Pereira.

Newfield, the fourth-largest oil producer in Malaysia, has an interest in about 3.3 million net acres offshore Malaysia and about 290,000 net acres offshore China but intends to sell these assets to focus on its North American operations.

…

 

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

IEM Shout Out – Full-Day HAZOP Training For Team Members – A Practical Approach

October 9, 2013

My technical division will be hosting a 1 day seminar on the 30th October, 2013. 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.

Register here, or download the form here.

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

IEM Shout Out – Talk on The Engineering of Oil Production

October 9, 2013

This is a shout out for the IEM. I’m giving a talk (shameless self promotion) with my Technical Division on 19th October, 2013. It’ll be at 8:30 am (makan-makan at 8:00) at Wisma IEM.

This presentation will provide a quick introduction into the engineering of oil production. It will start with an introduction to important oil properties to consider when producing an oilfield, and how this data is used. It then moves to a generic offshore production facility, pointing out the salient points, design considerations and major equipment used in oil production. It closes out with a quick look at downstream facilities.

Registration for the above talk may be done here, and the flyers may be picked up here.

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

Promising outlook for Petronas Gas in 2HY13, says HwangDBS

October 8, 2013

From the Malay Mail, dateline 2013-09-23:

HwangDBS Vickers Research, which maintained a buy call on Petronas Gas Bhd, expects a stronger second half this year led by the maiden contribution from the Malacca Regas plant and larger gas capital expenditure.

“We expect earnings to recover in the second half and management has guided for 3-5 per cent per annum earnings growth from the Regas plant, thus contributing to a promising outlook as Petronas planned to invest RM15 billion to find new gas to cater for the rising demand in Peninsular Malaysia,” it said in a research note today.

…

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

Saturday Star 2013-10-06 – Job Opportunities

October 7, 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 process safety persons, metering / measurement engineers and other seniors you think will catch my eye.
  • Nothing here today.

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!

I’ve had days of interpreting bad data. Apparently is catching.

  

Bad Science: Quacks, Hacks, and Big Pharma Flacks, Bad Astronomy: Misconceptions and Misuses Revealed, from Astrology to the Moon Landing “Hoax”, Bad Pharma: How Drug Companies Mislead Doctors and Harm Patients

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: , | Permalink
Posted by Wata

Extract from “Tuah Jebat di PETRONAS”

October 6, 2013

Pada mulanya, kerajaan Malaysia telah menubuhkan Hidrokarbon Malaysia (HIKMA) di bawah Kementrian Industri Utama. HIKMA seharusnya bertanggungjawab untuk mengembalikan sumber-sumber minyak dan gas negara melalui perundingan. Pada awal tahun 1974, HIKMA telah didapati gagal untuk mengembalikan penguasaan sumber hidrokarbon kembali kepada negara. Usaha untuk menjadikan HIKMA sebagai sebuah badan berkanun terus lenyap dengan sendirinya.

Intrigued? Get the book here.

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

PETRONAS Gas sees brighter prospects from LNG regasification

October 6, 2013

From the Borneo Post, 2013-09-24:

Petronas Gas Bhd’s (Petronas Gas) prospects have been viewed as bright on the back of the commencement of its liquified natural gas (LNG) regasification terminal business in Melaka, Malaysia’s first LNG regasification terminal.

In addition, the group received a leg-up in its growth as the one-off investment tax allowance for its LNG regasification terminal business had more than doubled the group’s 2Q net profit.

Analyst Aaron Tan from the research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) in a recent note, said stripping out its one-off tax allowance boost, Petronas Gas’ first half 2013 (1H13) grew at a modest 3.1 per cent year-on-year (y-o-y) while its core earnings shrank 9.9 per cent y-o-y to RM713.8 million.

…

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

Samur project ahead of schedule, says PetChem

October 5, 2013

Can someone get me on this gravy train?

Dateline 2013-08-20, FMT:

Development of the RM4.5 billion Sabah Ammonia Urea (Samur) project by Petronas Chemicals Group Bhd (PetChem) is progressing wellahead of schedule, against the targeted October 2015 operational timeline.

PetChem president and CEO Dr Abd Hapiz Abdullah said the project is now more than 50% ready, putting to rest various allegations raised against the development pace of the urea and ammonia plant.

…

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

Is the Petronas gravy train a slippery slope?

October 4, 2013

From Seatrade Global, dateline 2013-08-02:

There is no doubt that Malaysia’s national oil company (NOC) Petroliam Nasional (Petronas) is a behemoth in the country’s oil and gas (O&G) industry. But that the initial public offering of a company can be derailed by the suspension of a licence from it just illustrates the size of its influence.

Just over the last week, news broke that Perunding Ranhill Worley Sdn Bhd (PRW), an affiliate of Ranhill Energy has had its Petronas licence suspended for both upstream and downstream projects. Ranhill was on the verge of a MYR753m ($232m) listing on the Malaysian bourse and was to have made its debut on 31 July before being forced to pull the plug at the last minute.

…

 

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

« Previous Entries
Next Entries »