IEM Shout Out – Technical Visit to Q Cells Malaysia Sdn. Bhd.

March 9, 2012

This is a shout out for the IEM. My Technical Division will be hosting a visit on the 23rd June, 2012. It’ll start at 9ampm and is worth 4 CPD hours.

Q-Cells SE is among the leading companies in the photovoltaics industry worldwide. Its extensive product portfolio ranges from solar cells and modules to complete photovoltaic systems. Q-Cells develops and manufactures its products at its headquarters in Bitterfeld-Wolfen, Germany and markets them through a global distribution network. The company has a second production facility in Malaysia. More than 200 scientists and engineers at Q-Cells are pursuing the rapid development of technologies in order to achieve the company’s objective: quickly and permanently reducing the cost of photovoltaics, making the technology more competitive. Close networking between research, development and production allows Q-Cells to mass produce innovations quickly, thereby assuming the role of a technology leader in the photovoltaics sector.

Register here or download the form here.

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Concern over profitability of utilities following gas shortage

March 9, 2012

Dateline 2012-02-18:

As the authorities finalise their recommendations for the price of gas, analysts are concerned over the profitability of utility companies while Tenaga Nasional Bhd (TNB) is tackling its gas supply shortage.

In a report, OSK Research head of research Chris Eng said that previously, any gas price hike had been accompanied by a corresponding increase in electricity prices to compensate for the higher fuel costs.

“Do note that in Malaysia currently, all fuel costs are borne by TNB and the utility will only be able to maintain its profit margin by passing on any fuel cost increases to consumers via higher electricity prices,” he said.

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SapCrest, Kencana to see boost from shared FSPO contract

March 8, 2012

Dateline 2012-02-17:

SapuraCrest Petroleum Bhd (SapCrest) and Kencana Petroleum Bhd (Kencana) are forecasted to see boosted earnings from a shared floating, production, storage and offloading (FSPO) contract, possibly in the near term.

The two oil and gas players separately announced agreements with their Berantai marginal field partner Petrofac Energy Developments Sdn Bhd (Petrofac) to each acquire 24.5 per cent interest in Berantai Floating Production Ltd (BFPL) for US$85.7 million cash.

BFPL would invest in an FPSO that would be used for the project. Petrofac would retain 51 per cent of BFPL and each equity partner would also provide a shareholders’ loan to BFPL to finance the FPSO investment and conversion although BFPL would also likely secure external financing.

RHB Research Sdn Bhd (RHB Research) stated in a research note, “While we still like the prospects of the merger (SapCrest-Kencana) which will create a large and formidable competitor for regional oilfield services (and especially for projects in Malaysia), we believe there could be some profit taking in the near term.

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Hazard In the Making – Drink and Drive

March 7, 2012

Can you see the cause, consequences, safeguards and recommendations for related to this sign?

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Guan Eng: Hassan Marican’s Singapore jobs ‘sad day for Malaysia’

March 6, 2012

Would you agree?

Dateline 2012-02-16:

Lim Guan Eng chastised the Najib administration today for failing to keep Tan Sri Hassan Marican within its ranks, saying the former Petronas CEO’s latest appointment in Singapore showed Malaysia’s failure to plug its talent leak.

The Penang chief minister referred to Hassan as a rare talent and expressed sadness that the latter has been widely appreciated abroad and among big multinational corporations “but not at home”.

“This is extremely sad, especially when Tan Sri Hassan is widely credited as the man who turned Petronas into the leading international oil and gas company that it is today,” Lim  said in a statement.

The Malaysian Insider yesterday cited a report by news portal Energy Asia revealing that Hassan is set to become chairman of Singapore Power Limited (SP) in June, succeeding Ng Kee Choe who will retire on June 12.

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Saturday Star 2012-03-03 – Job Opportunities

March 5, 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.
  • Ranhill WorleyParsons has an advert. Visit the website (select ‘Search Jobs’ and select country ‘Malaysia’, or ‘Advanced Job Search’).

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

Let’s talk a bit about deepwater books:

  

Deepwater Petroleum Exploration & Production, A Sea in Flames, Disaster on The Horizon

This week’s food promotion is the Shangri La, Jakarta.

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‘Give us back 50 sen on every oil-derived ringgit’

March 4, 2012

And SOGCA wants 50% as well… And maybe Terengganu, Kelantan and Kedah want 50% too?

Dateline 2012-02-16:

The Sabah Oil and Gas Contractors Association (Sogca) wants Sabahans to look beyond the 5% oil royalty which the state is currently receiving from Petronas and instead seek at least half of every ringgit that is made from its oil and gas exports.

“We should not be asking for the royalty or the (oil) blocks… that’s secondary. We should be asking that for every ringgit taken from our oil revenue, at least 50 sen or 30 sen be given back to us, either directly or indirectly. That would be much fairer,” said Iskandar Malik, its president.

He also mocked local leaders for believing they had accomplished something important and triumphantly proclaiming to the media as though it was a coup whenever Petronas announced that it was giving some huge projects to Sabah.

Iskandar explained that this is because in one way or other, Petronas would still make its money out of Sabah people.

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No need Federal allocation if Sabah gets 50pc oil royalty, says Jeffrey

March 3, 2012

50% Royalty? Pleeze…

Dateline 2012-02-16:

Sabah State Reform Party (STAR) on Wednesday said that if Sabah were to receive 50 per cent oil royalty from Petronas, it would not even need Federal allocation to develop the state.

Its Deputy Chairman, Daniel John Jambun said this in response to a statement by Sabah BN Secretary Datuk Abdul Rahman Dahlan who said that Sabah would be compromised if Federal allocation or funds under the Malaysia Plan is reduced so as to pay the proposed 20 per cent oil royalty.

“Abdul Rahman forgot that under the Tenth Malaysia Plan (10MP), Sabah and Sarawak combined, are getting only about RM9 billion as compared to about RM100 billion for the Peninsula.

“At this rate of allocation, Sabah is actually getting less than RM1 billion per year throughout the five-year Malaysia Plan.

“As such, the Federal allocations are not much and hardly fulfil all the development needs of Sabah,” he said in a statement.

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Downstream Oil & Gas Industry Poised To Become Malaysia’s New Money Spinner

March 2, 2012

Here’s a shocker.

Dateline 2012-02-16:

 Prime Minister Datuk Seri Najib Tun Razak said the downstream oil and gas industry will continue to be developed further as it can become a new money spinner for the country.

Citing the example of the Sabah Ammonia Urea (SAMUR) Petronas project, he said urea production would bring double value-added benefits to the country’s exports.

“If we compare with the export of crude natural gas, we lose out on value-added benefits,” he told reporters after officiating the ground breaking ceremony for the SAMUR project here today.

Najib, who is also Finance Minister, said 95 per cent of the urea plant’s output of 1.2 million tonnes, per year, would be exported, raking in foreign reserves of some US$4.8 billion, annually.

He said under the National Key Economic Area, the oil and gas sector is forecast to contribute an estimated RM241 billion towards the nation’s Gross Domestic Product, annually, until 2020.

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IEM Shout Out – Embedding Sustainability Into Product Design Using Systems Approach

March 1, 2012

This is a shout out for the IEM. My Technical Division will be  hosting a talk on the 9th March, 2012. It’ll start at 9:00am and is worth 2 CPD hours. There’s an elevator now, so you have no excuse.

Climate change is now ranked as one of humanity’s greatest challenges. With rising public concerns and mounting pressures from NGOs as well as international treaties and governmental legislations, the move towards sustainability is now eminent. These recent developments have a causal effect onto how we conduct our lives. In product design, sustainability affects how the design of a product has to change from conceptualisation to manufacturing, distribution and retirement. In other words, there is now an urgency to re-think the way we do things. In this talk, using systems thinking and systems theory to embed sustainability into product design is considered and its effects upon environmental improvements are discussed. First principles of a system will be re-visited and deconstructed to investigate how sustainability can be incorporated into product design.

Dr. Yap Eng Hwa is an Assistant Professor with the University of Nottingham Malaysia Campus. Currently he is the Course Director for MSc Mechanical Engineering. Dr. Yap’s research work at the University is focused largely on renewable energy and sustainability, carbon capture and storage (CCS) deployment and policy, sustainable transport as well as project management. He joined the Department of Mechanical, Materials and Manufacturing Engineering in 2008 after completing his PhD at University College London. Dr. Yap’s previous work in marine and offshore engineering involved looking into the generation of clean energy using stranded offshore natural gas with a ‘floating power station’.

Register here or download the form here. A map to Wisma IEM is presented here.

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