Petronas: Defers $20 Billion Petrochemical Plant Decision to 2014

June 15, 2013

Isn’t the reason for deferment obvious? Can you spell “1AkuJanjiLepasUndi?”

Dateline 2012-05-22, Fox Business News.

Malaysia’s Petroliam Nasional Bhd. has deferred for another three quarters a decision to proceed with what the government describes as one of the country’s most important oil-and-gas projects.

A decision about building the $20 billion petrochemical complex in the southern state of Johor has been deferred until the first quarter of 2014, Petronas Chief Operating Officer Wan Zulkiflee Wan Ariffin said on Wednesday. He didn’t give a reason. It had been scheduled to announce if it will go ahead by next month. Petronas is currently conducting a new “front-end engineering design study,” Mr. Zulkiflee told a news conference.

…

Leave a Comment » | business opportunity, Malaysia, Malaysian election | Tagged: , | Permalink
Posted by Wata

Third PSC contract attracts much interest

June 14, 2013

Dateline 2013-05-19, Borneo Post:

The announcement of the third round of Petroliam Nasional Bhd’s (PETRONAS) risk service contract (RSC) licensing for 10 marginal fields has excited the sector favourably, attracted up to two dozen players in its process.

According to AmResearch Sdn Bhd (AmResearch) in a sectoral outlook previously, the fields for this third round include Bunga Pelaga, Rompin, Endau, Lada Hitam, D41 and A21 off Sarawak, Rusa Timur, Mutiara Hitam and Kuda Terbang off Sabah and Ophir, the lone field on offer off Peninsula Malaysia.

The research firm noted that five of the fields — Ophir, Bunga Pelaga, Lada Hitam, Rusa Timur and Mutiara Hitam — were offered in two earlier licensing rounds in 2011 and 2012.

…

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

BEM – Visit to UTM

June 13, 2013

To encourage people to obey an Act of Parliament  and register with the BEM if their job involves the engineering arts, the BEM is rolling out a program to get graduates registered en mass.

Here are photos taken after our meeting with folks at UTM Skudai on March 29th, 2013. Keep in touch to see what happens next.

UTM2013-03_0002

 

 

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

Should Sarawak have less MP seats?

June 12, 2013

Yes, there is an oil & gas angle, bear with me. Dateline 2013-05-26, FMT:

…

The key to improving Sarawak’s socio-economic gap is to redefine the Pertroleum Act 1974.

More money for Sarawak is of course very attractive and indeed makes it sounds as if it’s the first solution to poverty woes.

However, it is pointless to lobby for more money if funds are siphoned away through the unknown channels of corruption

Fact is Sarawak and Sabah have paid more than their reasonable dues to the federal government.

…

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

(postponed) IEM Shout Out – 1 Day Seminar on The Application of Engineering Finance Methodology in Structuring A (Long-Term) Financially Sustainable Project

June 11, 2013

This is a shout out for the IEM. My Technical Division will hosting the above seminar on the 18th June, 2103.

The primary objectives of Engineering Finance are to Create Cost Conscious Global Professionals. Engineering Finance is a sub-set of Engineering using financial methodology to ensure the long-term viability and sustainability of a project.

The course will delve on:

  • Definition and concept of Engineering Finance.
  • Fundamental principles of the engineering finance methodology e.g. “Bridging” of “Engineering” with “Finance”, MAL Cost Efficiency Model, Economic Efficiency vs. Engineering Efficiency, Critical Component Analysis etc.
  • Applications of Engineering Finance – using actual cases to illustrate the uses of EF methodology in market positioning, product-technology option matrix etc.

The seminar will be led by Ir. Prof. Madya Dr Maulud Abdul Latif. He obtained his Engineering Doctorate (EngD) in Engineering Finance at the UTM/University of Warwick. He also holds an MBA Finance from the University of Queensland Business School, a B. Sc. (Hons) Mining Engineering from the University of Wales and a Diploma in Mechanical Eng. from Universiti Technologi Malaysia. In addition, he holds the Dredgemaster Certificate of Competency and is a member of the Board of Professional Engineers, Institute of Engineers and Institute of Mineral Engineers.

You can register here. Fliers may be obtained here.

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

IEM Shout Out – Technical Visit To Gas Malaysia Berhad

June 10, 2013

This is a shout out for the IEM. My Technical Division will be visiting Gas Malaysia Berhad, No.5 Jalan Serendah 26/17, Shah Alam, Selangor on Tuesday 25th June, 2013.

Gas Malaysia is a natural gas distribution company in Malaysia. The company headquarters is located in Shah Alam. It has three regional offices, located in Prai, Gebeng and Pasir Gudang, and seven branch offices located throughout Peninsular Malaysia.

The company was incorporated on 16 May 1992 to construct and operate the natural gas distribution system within Peninsular Malaysia. In December 2000, Gas Malaysia expanded its business to include the reticulated liquefied petroleum gas.
As of July 2005, the company had 452 industrial customers, more than 600 commercial customers and over 3,000 residential customers.As of February 2011, Gas Malaysia had 33,707 residential and commercial customers as well as 691 industrial customers. In 2010, total gas sold by Gas Malaysia was 117.8 million British thermal unit throughout Peninsular Malaysia. As of February 2011, its network of gas pipelines covered a total of 1,726.6 kilometers (1,072.9 mi)

Register for this event here. Download the brochure here.

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

Saturday Star 2013-06-08 – Job Opportunities

June 10, 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.
  • SapuraKencana is looking an HSE manager and HSE engineer. Send your cv here.
  • 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)

Process Safety Analysis: An Introduction, Hazard Identification and Risk Assessment – IChemE, LNG Risk Based Safety: Modeling and Consequence Analysis, Process Safety Analysis: An Introduction.

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

INVITATION TO JOIN BEM 40TH ANNIVERSARY DINNER

June 9, 2013

Ask your company to buy a few seats if they have upcoming dealings with the BEM. And send me a few.

The Board of Engineers Malaysia is pleased to announce that it will be hosting its 40th Anniversary Dinner (A once-in-a-decade dinner. Last dinner was in 2002). The Board invites you / your organisation / company to join the BEM 40th Anniversary Dinner by buying dinner table/seat as follows:

Company: RM 3,000.00 per table of 10 persons; OR
Individual: RM 300.00 – per person

We hope to gather 1,000 guests comprising of registered engineers, consulting engineers, contractors, representatives of professional bodies within and outside the country, stakeholders and individuals who have contributed to the excellence of the engineering profession and industry. We are looking forward to seeing you at the BEM 40th Anniversary Dinner. Details are as follows:

Date    : 7 JULY 2013 (SUNDAY)
Time   : 7.30pm – 10.45pm
Venue: MAJESTIC HOTEL KUALA LUMPUR
No. 5, Jalan Sultan Hishamuddin
Kuala Lumpur (opposite KTMB Station)

Tentative Programme
Reply Slip (Dinner Table/Seats Booking Form)

Closing Date : 21 June 2013

Further details:

      PuanNikKamaliah / PuanCheAsiah / Mr.Ghazali / CikSuhaida /
                                   PuanAzny

Tel                      :

      03-03-26980590 / 26912090 /019-2828016.

Fax                      :

      03-26925017

Email                  :mybem@bem.org.my

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

MyCEB Targets RM66.5 Million Economic Impact From OTC Asia 2014

June 8, 2013

From Bernama, dateline 2103-05-20:

The Malaysia Convention & Exhibition Bureau (MyCEB) is targeting an economic impact of RM66.5 million from the Offshore Technology Conference OTC Asia 2014.

The conference, from March 25-28, 2014, at the Kuala Lumpur Convention Centre here, is also expected to welcome 6,600 international delegates to Malaysia, MyCEB said in a statement Monday.

Its Chief Executive Officer Zulkefli Sharif said Asia is increasingly gaining the attention of global players for business events, and Malaysia in particular, is highly regarded as an important port of call for international meetings.

He said the oil and gas sector accounts for around one-fifth of Malaysia’s Gross Domestic Product (GDP) and is included in the country’s Economic Transformation Programme (ETP) outline.

 

 

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

Gas subsidy price delay could pose supply issue

June 7, 2013

Get a move on already, I want to bid for stuff in the TPA work packages.

From FMT, dateline 2013-05-20:

The delay in the government’s proposed rationalisation of its subsidy for gas is also holding back implementation of crucial initiatives that could jeopardise supply security.

Distributor Petronas Gas Bhd (Pet- Gas) chairman Datuk Anuar Ahmad said one of these crucial initiatives that is being held back by the rationalisation delay is the Petronas Third Party Access (TPA) system.

The TPA, which is to provide security of gas supply to Malaysia, is designed to function with third parties coming into the supply market and importing their gas through PetGas’ transportation service.

…

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

« Previous Entries
Next Entries »