PETRONAS Carigali discovers more oil reserves in Bertam, says PM

November 17, 2012

Note the “opposite the state of Pahang” jibe.

Dateline 2012-10-30:

 Prime Minister Datuk Seri Najib Razak today announced that PETRONAS Carigali Sdn Bhd and Lundin Oil have jointly discovered additional oil reserves, under a production-sharing contract (PSC), at Block PM 307 of the Bertam oilfield.

He said the oil field, located 160 kilometres offshore Peninsula Malaysia, is opposite the state of Pahang at the depth of 76 metres.

PM 307 PSC is operated by Lundin Malaysia which holds a 75 per cent interest and Petronas holds the remaining equity.

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Platts adds new Malaysia storage terminal to pricing process

November 16, 2012

Dateline 2012-10-30:

Energy pricing agency Platts has approved a new storage terminal in southern Malaysia set up by a joint venture of oil trader Vitol to participate in its assessment process for oil products, a step that could strengthen the region’s role as a trading hub.

The move will also allow the Geneva-based trading house, which is a major player in the Asian market, to take bigger trading positions and gain greater flexibility.

Platts, which provides Asian benchmark assessments for most oil products traded in the region, will include Malaysia’s new Tanjung Bin storage terminal in its pricing process for fuel oil, diesel, jet fuel and gasoline from Dec. 1, the unit of McGraw Hill told subscribers.

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Pakatan says not against RAPID but project implementation

November 15, 2012

Dateline 2012-10-16:

Pakatan Rakyat (PR) clarified today that it will not scrap Petronas’ RM60 billion petrochemical refinery in Pengerang should it wrest federal power but will only put the project on hold, pending the resettlement of affected villages in the Johor constituency.

PR de facto leader Datuk Seri Anwar Ibrahim (picture) told a press conference here that the pact was not against the multibillion ringgit refinery but was concerned over how the Petronas’ Refinery and Petrochemicals Development (RAPID) had been rushed without due consultation with those living in the affected areas.

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UMS mulls oil and gas school

November 14, 2012

Oh, come on. It’s difficult enough to get good quality graduates of the classical engineering disciplines. Now you want to limit them to a trade? What will the BEM say?

Dateline 2012-10-14:

Universiti Malaysia Sabah (UMS) will consider a suggestion by Labuan Corporation to set up a faculty of oil and gas and shipping at its Labuan Campus.

UMS vice chancellor Professor Datuk Dr Mohd Harun Abdullah said this yesterday in response to the suggestion by Labuan Corporation deputy chief executive officer, Amir Onn Mustpha during the UMS-KAL Town Gown Program here yesterday.

“Oil and gas is an important field of studies and we will look into this matter including the facilities before we can open up the faculty at UMS, Labuan International Campus (UMS-KAL),” he said.

Amir earlier told the media that if UMS-KAL could start the oil and gas school here, students could go for their training and practical at several oil and gas companies here.

“These students can get a job in oil and gas sector here right after they finish their studies later.

“LC is also ready to help UMS-KAL in terms of facilities including land to help the campus to set up the school here,” he said.

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Malaysia: Push for liquefied natural gas

November 13, 2012

Dateline 2012-10-14:

As gas consumption levels reach record highs in Malaysia and across the continent, the country is positioning itself as a regional trade centre for liquefied natural gas (LNG).

With a series of capital-intensive LNG investments, Malaysia will likely see a strong increase in LNG import-export volumes for some time to come.

However, muted economic growth in China and India, and with it slowing demand, could limit the country’s ability to export its new LNG production.

Heavy gas subsidies and increasing LNG demand, which has increased from 315 billion cubic feet (cu ft) in 1990 to more than 1,260 cu ft in 2010, a compounded annual growth rate of 7.2 per cent – is expected to result in Malaysia’s consumption rate outstripping production between 2011 and 2016.

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Saturday Star 2012-11-10 – Job Opportunities

November 12, 2012

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

Eid Mubarak, all.

If you need my help to submit your CVs, donate to the blog, and I’ll review your CV to see if it is worthy of my (and my associates’) expectations. If you can’t figure out how to donate, no need to ask.

  • 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.
  • Carigali Hess is looking for a principal well engineer, senior mechanical engineer, maintenance engineer, construction engineer, project engineer, marine engineer, process safety engineer. Send your cv here,  with a detailed resume stating references, expected remuneration, contact telephone and email address, before 25th November, 2012.
  • Lundin is looking for contracts/cost engineer, structural engineer, piping/mechanical engineer, electrical/instrument engineer, process engineer, FPSO marine engineer. Send your cv here, and here,  before 17th November.
  • Technip is looking for their next biggest asset: You. Visit here soon. Apply to Synergy first.

May I suggest that readers try Bluestacks? Run your Android apps on your Windows tablet, so you can buy that Win8 tablet (and buy me one) without worrying you won’t have anything to play on it!

Support your local bookshop!  Bookalicious at The Summit Subang is a good choice. I think they focus on trilogies, quadrilogies, and other ologies. Tell them I sent you, and enjoy the look of perplexity on their faces. Those of you who have dropped my name, thanks!

With all the unfortunate accidents happening in Malaysian waters lately, I think a selection of safety books is in order:

  

Functional Safety, Second Edition: A Straightforward Guide to Applying IEC 61508 and Related Standards, Layer of Protection Analysis: Simplified Process Risk Assessment (Camino del Sol), Safety Critical Systems Handbook: A STRAIGHTFOWARD GUIDE TO FUNCTIONAL SAFETY, IEC 61508 (2010 EDITION) AND RELATED STANDARDS, INCLUDING PROCESS IEC 61511 AND MACHINERY IEC 62061 AND ISO 13849

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Prudent use of PETRONAS’ revenues

November 11, 2012

Dateline 2012-10-14:

OPPOSITION FOLLY: An increase in royalty payments to states to 20pc will hit the nation as much as the firm.

BY all accounts, Petronas’ role in overseeing and managing the country’s oil and gas resources has been exceptional.

Started in 1974 as a small national oil corporation, Petronas has since emerged as Malaysia’s only global Fortune 500 company, with operations in upstream and downstream activities in dozens of countries.

Petronas’ oil and gas reserves now rank 28th in the world, higher than some well-known European or Chinese oil companies, according to a study.

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Petronas misunderstood 20% oil royalty for state policy’ – Rafizi

November 10, 2012

Puhleez…

Dateline 2012-10-13:

Pakatan Rakyat’s pledge to give 20 percent oil royalty instead of the current 5 percent to oil producing states will not incur extra burden to national oil firm Petronas, said PKR strategic director Rafizi Ramli today.

He said according to the new deal, the coalition will use Petronas’s current contribution of RM70 billion every year to the Federal budget to make up for the additional 15 percent revenue, and not by altering any present tax structure imposed on the company.

Petronas yesterday criticised PR’s plan to increase royalty payment for oil producing states, saying it could jeopardise its business and profitability and tax payments due to lower income.

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Boom time seen for oil and gas

November 9, 2012

Dateline 2012-10-13:

WITH more oil finds and disruptive technologies coming onstream, the level of merger and acquisition (M&A) activity in the oil and gas sector is set to increase.

It’s going to be a boon for oil and gas service providers as the abundance of opportunities propel these companies to expand into new regions and grow bigger through acquisitions, say oil and gas experts from Ernst & Young.

Some key game changers include shale oil potentially becoming very big in China and technology making it progressively easier to get more certainty in striking oil. Renewables will likely not pose a huge threat to conventional hydrocarbons, at least for the next few decades.

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

November 6, 2012

My technical division will be hosting a 1 day seminar on the 20th November, 2012. It is worth 6 CPD points, and held at Kelab Golf Negara Subang. 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.

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