Dateline 2012-02-02:
The ExxonMobil subsidiaries in Malaysia today announced that J. Hunter Farris has replaced Mr. Hugh Thompson as the chairman of the ExxonMobil subsidiaries in Malaysia with effect from February 1.
Mr. Thompson will remain as chairman of Esso Malaysia Berhad, ExxonMobil Borneo Sdn Bhd and ExxonMobil Malaysia Sdn Bhd until transition efforts to change in control in these companies are completed, currently expected in April 2012.
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Posted by Wata
Dateline 2012-02-02:
Petronas Gas Bhd. surged to a record in Kuala Lumpur trading after the stock’s so-called fair value was raised at AMMB Holdings Bhd. to reflect rising demand for natural gas and the prospects of more gas plants in Malaysia.
Shares of the gas distributing arm of state oil company Petroliam Nasional Bhd., or Petronas, jumped as much as 12 percent to 17.50 ringgit, the highest intraday price on record. They traded at 16.06 ringgit at the 12:30 p.m. local time break. Petronas Gas is the third-best performer on the benchmark FTSE Bursa Malaysia KLCI Index today.
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Posted by Wata
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.
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
My food recommendation? Let’s go Indonesian for this week
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: Bookalicious, ExxonMobil, Synergy, Waze | Permalink
Posted by Wata
Dateline 2012-02-01:
Malaysia’s national power producer Tenaga Nasional Bhd and state oil firm Petronas will invest in a 2 billion ringgit ($657.46 million) gas plant and liquefied natural gas (LNG) terminal in Borneo island, the Star reported on Thursday.
The Star cited outgoing Tenaga Chief Executive Che Khalib Mohammad Noh as saying the 300 megawatts (MW) and LNG terminal in Malaysian state of Sabah will be operational by 2015.
The Malaysian states in Borneo island often suffer frequent electricity disruptions as there is not enough power supply generation.
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Posted by Wata
dateline: none?
Operators are increasingly looking to offshore Asia for opportunities to supply the world’s energy demand, and several new projects are being developed in the region. Total capital expenditures in the region are expected to exceed $90 billion during 2011-2015, a 55% increase from the previous five-year period, according to Infield Systems Ltd.
Malaysia, the site of Offshore Asia 2012, requires the highest percentage share of the estimated capex allocated to all major offshore producing nations in the region. To help meet demand, the Malaysian government is opening up new investment opportunities to enhance output from existing oil and natural gas fields and to advance exploration in deepwater areas offshore Sarawak and Sabah. The target is to increase aggregate production capacity by 5% per year through 2020.
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Posted by Wata
Dateline 2012-01-27:
Murphy Oil has made a new deep-water gas find near its Rotan discovery in Block H off Malaysia where the company is pursuing a floating liquefied natural gas project led by PETRONAS.
The US operator said the new Bulu find was “a nice gas discovery that will be developed as part of the Rotan floating LNG programme”.
In a conference call, chief executive David Wood said the company would follow up the find with exploration of a nearby and larger potential feature, referring to Bunga Lili.
“Two more Block H wells in Malaysia are budgeted in support of that likely FLNG development.”
Block H already contained the Rotan, Biris and Dolfin discoveries.
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Posted by Wata
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.
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
My food recommendation? Try Restoran Berlado at the Seri Menati Resort. Tell them that Wata sent you. And join the Seri Menanti Royal Golf Course. Pay for my membership as well.
Leave a Comment » | Malaysia, oil and gas | Permalink
Posted by Wata
Dateline 2012-01-26:
Mere hours before Opposition Leader Anwar Ibrahim flew into Kota Kinabalu for a PKR Chinese New Year gathering, Jeffrey Kitingan issued a policy statement on the federal government’s payment of oil royalty to the oil states.
Jeffrey’s State Reform Party (STAR) wants a hike in the present measly five percent oil royalty to 50 percent, covering both the inner and outer waters. More on this in a while.
Earlier, just before Chinese New Year, the Sabah Progressive Party (SAPP) revealed its economic plan which, among others, held out without much hope for a 20 percent oil royalty. The party’s other ideas for the oil and gas resources are to try and squeeze export duties, excise, and land taxes.
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Posted by Wata
Dateline 2012-01-21:
The Jeffrey Kitingan-led State Reform Party (Star) chapter in Sabah wants the licensing of the oil and gas industry in Sabah to be left in state hands. Currently licensing is under federal control.
This is among several points listed in the party’s ‘Petroleum Masterplan’ which was unveiled here yesterday.
According to Kitingan the “rights of Sabah and the welfare of the people can no longer be compromised by the continued exploitation of its oil resources at the expense of the people of Sabah.”
Leave a Comment » | investment, Malaysia, Malaysian election, oil and gas | Tagged: Sabah | Permalink
Posted by Wata
Someone asked me about definitions, IOR, EOR, secondary oil recovery, tertiary etc. I say, look at Schlumberger Oilfield Glossary.
Dateline 2012-01-19:
Malaysia plans to launch the world’s biggest offshore enhanced oil recovery (EOR) project that will have a positive impact on the country’s oil reserves, Prime Minister Najib Razak said Monday.
The RM38 billion (S$15.5 billion) project is a joint-venture between national oil company Petronas and Shell Malaysia that will last 30 years.
“I am confident that this landmark undertaking will prove another significant milestone, not only for Petronas but for Malaysia’s development as well,” Mr Najib said at the signing of two new production-sharing contracts between Petronas and Shell.
The EOR technology, which will be employed in the Baram Delta and North Sabah fields, will help to boost the recovery efficiency of the oil fields to about 50 per cent and extend the fields’ life to beyond 2040.
If the project is successful, it could lead to the world’s first offshore Alkaline Surfactant Polymer EOR project using horizontal wells. It will also provide additional supplies for the country’s power and industrial needs, and promote organic growth in the oil, gas and energy sector, reported The New Straits Times.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: EOR, Petronas, Shell | Permalink
Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 