AOGC 2013: Malaysia setting up to become regional energy hub – Prime Minister

July 5, 2013

Dateline 2013-06-09, Platts:

Malaysia has set itself a key strategic objective of becoming a regional energy hub, Prime Minister Najib Razak said Monday.

Speaking at the opening ceremony of the 17th Asia Oil and Gas Conference in Kuala Lumpur, Najib said the energy sector plays a pivotal role in the Malaysian economy with oil and gas contributing to more than 40% of the country’s national income.

Najib said that Malaysia has halted a decline in its domestic production with 24 new discoveries made in 2012 alone. Malaysia produced 1.69 million b/d of oil equivalent in the first quarter of 2013, up 3% from 1.64 million boe/d in Q1 2012.

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Posted by Wata

IEM – Engineers Are Not Kayu

July 4, 2013

As part of our plan to scare the living daylights out of potential fresh meat into the ranks of engineers, the IEM organised a seminar. The climax was the first (and probably) only presentation of the Engineer’s Song. Visit here and here.

2 Comments | engineering, Malaysia | Tagged: , , | Permalink
Posted by Wata

Oil and gas rich Sabah looking at coal again

July 2, 2013

Dateline 2013-06-08:

Speculations are rife here that Sabah is re-looking the option of using coal as a power source despite Prime Minister Najib Tun Razak’s decision in 2011 to call off  the construction of a proposed coal-fired power plant in state following a widespread public outcry over its effects on the environment and health.

Sabah Chief Minister had also toed the line and announced that his government had scrapped plans to  use coal as a power source. Skeptics at the time had opined that the decision was “ploy” because of the 13th general elections.

…

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Saturday Star 2013-06-29 – Job Opportunities

July 1, 2013

Buy my recommendations, or through my Amazon store. Where are those corporate sponsors? Or throw donations at me.

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.

  • I’m looking for a senior process engineer, 7+ years experience. Send your cv here. Also looking for process safety persons, lead piping designer, lead instrument engineer, and other seniors you think will catch my eye.
  • Shell wants you to experience world-class engineering in Malaysia. Visit here. Have all their best and brightest been recruited by PETRONAS?
  • Side note: My mechanic complains that there are not enough trained mechanics are being extruded from our schools. If you know of any idle ones, he’s looking for some. Ask them to contact Kong Ming Chai at +60122951023. On another note, has this shortfall hit the news? Can I get the contract for 1Repair?

Help me (and you) increase my cloud presense. 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!

  

If you are interested in oil and gas surface facilities, I would recommend getting Surface Production Operations, Volume 2:, Second Edition: Design of Gas-Handling Systems and Facilities and Surface Production Operations, Volume 1, Third Edition: Design of Oil Handling Systems and Facilities. And don’t forget the Coulson & Richardson classic, Chemical Engineering, Volume 6: An Introduction to Design (Chemical Engineering Technical Series)

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.

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Posted by Wata

HSE tops risk agenda in oil & gas sector

June 30, 2013

Engage me at exorbitant rates to provide soundbites on this topic:

Oil and gas companies’ health, safety and environment (HSE) remains on top of the industry’s risk agenda, according to Earnst & Young’s new report “Business Pulse : Exploring the Dual Perspective of the Top 10 Risks and Opportunities in 2013 and Beyond”.

Dale Nijoka, Ernst & Young’s Global Oil& Gas Leader, said: “The industry is undergoing intense focus on safety and environmental risk preparedness and mitigation, and in light of corporate social responsibilities, economic challenges and regulatory pressure, managing this risk is vital for long-term sustainability.

…

Leave a Comment » | Malaysia, Safety | Permalink
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Petronas blames RAPID delay on Johor

June 29, 2013

Now, if the old Sultan of Johor was around…

Dateline 2013-06-05:

The RM60 billion Refinery and Petrochemical Integrated Development (RAPID) project will not be completed on time due to delays by the Johor government, state oil and gas company PETRONAS said today.

The mega project was previously slated to start operations in 2016, but PETRONAS announced today that the date has been pushed to early 2017.

“There has been some delay to state government, which includes housing … There have been delays in moving the Muslim cemeteries,” said PETRONAS president and group CEO Tan Sri Datuk Shamsul Azhar Abbas at a media briefing here.

…

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Ensure oil money put into good use, Putrajaya told

June 28, 2013

Dateline 2013-06-07, Malaysian Insider:

DAP assemblyman Yeo Bee Yin called for a number of legislative reform today to ensure greater transparency and accountability in managing Malaysia’s oil wealth.

This comes as Revenue Watch Institute’s (RWI) report on government disclosure in oil, gas and minerals management in 58 resource-rich countries released in April saw Malaysia scoring three per cent lower than in 2010, performing poorly in all three criteria touching on matter of accountability like reporting practices and safeguards and quality control.

“It is time for Malaysia to move to greater transparency and accountability in governing the wealth of oil lest we fall into the category ‘curse of oil’ or ‘Dutch Disease’,” said Yeo in a statement here, referring to negative consequences arising from large increases in a country’s income.

…

 

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Marketing Rounds – Safety Moment

June 27, 2013

Please note that assembly point:

  1. The assembly point is on the side facing the cause of the assembly
  2. There are no doors in the wall.
  3. The road and field on the other side of the wall looks kinda empty, don’t you think?

20130401_151546

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Petronas to accelerate capex

June 26, 2013

Dateline 2013-06-07, Sun Daily:

Petroliam Nasional Bhd (Petronas) will likely play catch up on capital expenditure (capex) over the next three years with focus on developing Malaysian oilfields as it remains committed to increasing production.

“(Petronas’) capex spending will progressively pick up over the next three years amid delays in executing the Refinery and Petrochemical Integrated Development (Rapid),” Maybank Investment Bhd (Maybank IB) said in a research note yesterday.

Petronas had said that the final investment decision (FID) on its RM60 billion Rapid project is expected by March 2014, which in effect pushes back the completion date for the project’s first phase by a year to 2017.

It noted Petronas had only subscribed 29% of the total RM300 billion capex it had put aside for a five year period since 2011.

…

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PETRONAS insists has been transparent about overseas operations

June 25, 2013

Dateline 2013-06-05, Malaysian Insider:

PETRONAS insisted today that it has kept to international standards in disclosing its overseas operations, amid calls for an audit by opposition leaders last week.

Malaysia’s ranking in a revenue management transparency survey dropped to 34th spot this year from 22nd in 2010, which the minister in charge of integrity and corruption, Datuk Paul Low, had attributed to PETRONAS’ overseas agreements disclosures.

“I think we have disclosed a lot of information on all of our overseas projects,” executive vice president of finance Datuk George Ratilal told reporters here, disagreeing with Low.

“Talking of transparency and all that, this is one national oil company that I think have been very transparent in what they do.”

…

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

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