Petronas sees growth slowdown until 2014

March 27, 2012

I think we should focus on tin and electronics again. What say you?

Dateline 2012-03-06:

Petroliam Nasional Bhd (Petronas), which posted one of the highest ever nine-month results ended Dec 31, forecasts that growth will slow down this year and next due to production issues.

The national oil company, whose new financial year starts from Jan 1 this year from April 1 before, posted a 10.8% rise in net profit to RM55.6bil on higher margins for the nine-month period compared with the previous corresponding period while revenue jumped 26.9% to RM222.8bil due to higher realised prices and improved liquefied natural gas sales volume.

…

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Posted by Wata

IEM 53rd Annual Dinner 2012

March 26, 2012

We are pleased to announce that The Institution of Engineers, Malaysia will be holding its Annual Dinner on Saturday, 21st April 2012 at Sime Darby Convention Centre, Kuala Lumpur. We are greatly honoured to have Y.B. Dato’ Sri Douglas Uggah Embas, the Honourable Minister of Natural Resources and Environment as Guest of Honour.

We would like to appeal to you to support IEM by purchasing/sponsoring tables. Funds generated from the sale of tables will go towards to the IEM Building Fund. Your generous support is very much appreciated.

Register for the event here, and download the form here.

I am personally appealing to readers, please purchase tables and turn up to this event.

 

 

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Posted by Wata

Saturday Star 2012-03-24 – Job Opportunities

March 26, 2012

Support me by purchasing my recommendations, or buying through my Amazon store. I need the money to pay for running this site. Corporate level sponsors are encouraged.

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.
  • Petrofac is looking for an offshore installation manager, production superviosr, maintenance supervisor, production technician, e&i technician, mech technician, turbo machinery technician, deck foreman, deck crew. Contact them here.
  • I see that Qatar Petroleum is looking for lots of heads / kepala / rais. That would be for EOR, Operations, Surveillance, snr geologist, geophysicist, petroleum engineer, petrophysicist, res engineer, petroleum engineer, geologist. Apply here or visit the website.
  • Kencana Petroleum is looking for project managers, engineering manager, procurement manager, HU&C manager, QA/QC manager, planning/scheduling manager, project HSE manager.  Send an email here.

May I suggest that readers install the Waze app on their phones? And use it as much as possible? It says its a “a social mobile application providing free turn-by-turn navigation based on the live conditions of the road. 100% powered by users, the more you drive, the better it gets. Join the community of drivers in your area today!” It’s definitely getting better for the Klang Valley area, though we need more users from East Malaysia.

Support your local bookshop! Visit Bookalicious at The Summit Subang, good selection of imported books. I think they focus on trilogies, quadrilogies, and otherologies. Tell them I sent you, and enjoy the look of perplexity on their faces. Maybe I should say that next time I visit them. Those of you who have dropped my name, thanks!

BTW, did I tell you that I am the Secretary of MOGEC?

For those of you who have a healthy skepticism to my industry, these books are for you:

  

Why We Hate the Oil Companies: Straight Talk from an Energy Insider, The Party’s Over: Oil, War and the Fate of Industrial Societies, Barbarians of Oil: How the World’s Oil Addiction Threatens Global Prosperity and Four Investments to Protect Your Wealth (Agora Series)

This week’s food promotion is … masak asam pedas. If you find nice places around PJ, let me know. I’ve tried the one across from the PJ State Police Station, and the shop next to Dewan MPSJ in PJ State.

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Posted by Wata

Shout Out – 7th Malaysian Chem-E-Car Competition 2012

March 25, 2012

Are you ready for the 7th Malaysian Chem-E-Car Competition? It will be held on the 11th and 12th April, 2012 at UMS. You can visit the official website for details, or the Facebook page.

The main objective of the competition is to construct a shoebox-sized car powered by a chemical reaction. The car must be able to carry a certain load of water and stop within 2 minutes at a specified distance. The closest car is the winner. Here, the students have to apply their knowledge in chemistry and reaction engineering as well as technical skills in designing gearbox and electrical circuits in order to successfully run and stop the car. The Chem-E Car Competitions a good platform for students to demonstrate their creativity and innovativeness gained from their undergraduate studies.

Car Performance

Each car will be given two opportunities to traverse a certain distance (15-25 meter) while carrying a specified load of water (100-500 mL).

The goal of the competition is to have the model car stop at the finishing line.

Participants are also required to abide by safety rules as specified by the organizer.

Details and competition rules would be made available to the participants upon acceptance of registration by the Organizing Committee.

Poster Presentation

The presentation duration is 2 min for each team followed by a 3-min Q&A session. The winner will be determined from an averaged mark of minimum 3 judges who will evaluate the 5 criteria below:

  • Description of the chemical reaction / power source / stopping mechanism (20%)
  • Design creativity and unique features of the vehicle (20%)
  • Environmental and safety features (20%)
  • Economic aspects (20%)
  • Quality of the poster and team member presentations (20%)

Previous Winners

  • Universiti Kebangsaan Malaysia (2005)
  • UniKL MICET (2006)
  • No ChemE Car competition held in 2007
  • Universiti Malaya (2008)
  • UniKL MICET (2009)
  • Universiti Teknologi PETRONAS (2010)
  • Universiti Kebangsaan Malaysia (2011)

Previous Hosts

  • Universiti Kebangsaan Malaysia (2005)
  • Universiti Malaya (2006)
  • No ChemE Car competition held in 2007
  • Universiti Sains Malaysia (2008)
  • UniKL, MICET (2009)
  • SEGi University College (2010)
  • Universiti Teknologi PETRONAS (2011)

Look forward to seeing you there!

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Posted by Wata

Petronas posts RM53b net profit on efficiency gains

March 25, 2012

Dateline 2012-03-05:

State oil firm PETRONAS Group has posted RM53 billion net profit for the nine months ended December 31, 2011, excluding gains, owing to higher margins from improved plant performance.

Group revenue also improved by 26.9 per cent from the 2010/11 financial year to RM222.8 billion on the back of higher realised prices and improved gas sales volume.

Gross operating profit after tax surged 30 per cent to RM52.4 billion from the previous financial year, with the group’s energy and production division recording the highest incremental contribution on stronger crude prices.

…

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Posted by Wata

Singapore says LNG imports can replace piped gas supply

March 23, 2012

Guess where the ‘piped gas supply’ comes from? And is this Tan Sri Hassan Merican’s direction?

Dateline 2012-03-05:

Singapore’s new liquefied natural gas (LNG) terminal will be able to handle sufficient imports of the fuel to cover all of the country’s power needs, even if piped gas supply contracts with Malaysia and Indonesia are not renewed, a top energy regulator said on Monday.

Singapore depends on natural gas for around 80 percent of its power generation needs, with the bulk sourced from Indonesia and Malaysia under long-term contracts.

“Supply will come under pressure because of growing domestic gas demand in Malaysia and Indonesia. What we will do is ensure sufficient capacity to import LNG to meet all of our gas demand,” Chee Hong Tat, chief executive of Singapore’s Energy Market Authority, told an industry conference.

…

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Posted by Wata

Petronas posts 34 pct profit decline, warns on outlook

March 22, 2012

Dateline 2012-03-05:

Malaysia’s state oil firm Petroliam Nasional Bhd (Petronas) posted a 34 percent decline in third-quarter profit on Monday, saying the fall was mainly due to a one-off gain in 2010 from the listing of subsidiaries.

Without that gain, Petronas’ Q3 profit was higher than a year ago on the back of higher crude oil prices and improved margins, it said.

The unlisted firm said its net profit for the nine-month period ended Dec 31, 2011 was 10.6 percent higher than a year ago at 55.57 billion ringgit ($18.5 billion) due to higher crude oil prices, sales and gas production volume.

…

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Posted by Wata

Malaysia steps up its gas game

March 21, 2012

Dateline 2012-02-28:

A swathe of new liquefied natural gas projects and pricing reform are paving the way for major change in the nation’s gas sector. Damon Evans reports from Kuala Lumpur

Malaysia, the world’s third-largest exporter of liquefied natural gas (LNG), will soon reach a pivotal point in the evolution of its gas industry. State-run Petronas is on track to operate the country’s first floating LNG (FLNG) export unit in 2015, Malaysia will import its first LNG cargoes this year in an effort to avert a gas-supply crunch and, perhaps most crucially of all, the nation is struggling to push through gas-pricing reform. And, amidst this rapidly changing backdrop, Malaysia aims to expand its 24 million tonne per year (t/y) LNG export complex. Just what does the future hold for the Southeast Asian nation’s gas game? As Malaysia gets ready to open the doors to its maiden 3.8 million tonne a year (t/y) LNG import terminal in the central state of Melaka this August, the big question revolves around the domestic appetite for market priced gas – roughly three to four…

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

Shout Out: Corrosion Control Systems For High Temperature Facilities In Oil & Gas Industry

March 20, 2012

Favour for a friend. Please go.

Please register your participation to the seminar on CORROSION CONTROL SYSTEMS FOR HIGH TEMPERATURE FACILITIES IN OIL & GAS INDUSTRY which will be held on 30th March 2012 at the Dewan Presiden, Kelab Golf Negara Subang (KGNS), Kelana Jaya, Selangor. Held in conjunction with the 22nd AGM of the Institute of Materials, Malaysia (IMM), three papers will be presented by respected personnel from the oil and gas industry.

Event: CORROSION CONTROL SYSTEMS FOR HIGH TEMPERATURE FACILITIES IN OIL & GAS INDUSTRY

Date: Friday 30th March 2012

Time: 2.30 pm – 5.30 pm

Venue: Dewan Presiden, Kelab Golf Negara Subang (KGNS), Kelana Jaya, Selangor

Please register your participation now with the IMM Secretariat at iomm@po.jaring.my or call: (03) 5882 3574 or fax: (03) 5882 3524. Payments may be made via Telegraphic Transfer/Remittance via ATM to:

Institute of Materials Malaysia

Bank: Hong Leong Bank Bhd

No.3, Jalan Takal 15/21, Seksyen 15,

40000 Shah Alam, Selangor, Malaysia

A/C NO: 03200027316

Swift Code: HLBBMYKL

Please email or fax copy of Bank Transfer Note to Materials Technology Education Sdn Bhd at finance@mte.com.my or (03) 5882 3524.

—

Register now for IMTCE2012!!

“Green Technologies for Sustainability & Innovations in Materials”

7-12 July 2012, Kuala Lumpur, Malaysia

WEBSITE: http://imtce2012.com <http://imtce2012.com/&gt;

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Posted by Wata

Malaysian Oil & Gas Output Likely To See Upswing In Five Years – Idris Jala

March 20, 2012

And I thought it would dip down in five years, if you believe in economic cycles.

Dateline 2012-02-28:

The Malaysian oil and gas (O&G) output is likely to see an upswing within the next five years and continue to contribute significantly, together with the services sector, to gross domestic product (GDP).

Minister in the Prime Minister’s Department, Datuk Seri Idris Jala, said last year, the sector declined by 5.7 per cent and the lower oil output had affected economic growth.

Idris, who is also Performance Management & Delivery Unit (Pemandu) chief executive officer, said this when asked whether Malaysia was over-dependent on the O&G sector at a media briefing with International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

Earlier, both ministers met the foreign missions and business councils here.

He said the Malaysian economy, despite the contraction, managed to record a 5.1 per cent growth last year which indicated that the services sector was really growing.

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

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