From Business Times – Hibiscus Petroleum to only venture into E&P

July 16, 2011

Dateline 2011-06-30:

Hibiscus Petroleum Bhd will utilise its initial public offering (IPO) proceeds of between RM150 million and RM300 million to acquire stakes in one to three oil and gas exploration and production (E&P) companies.

“We intend to only venture into E&P opportunities, from low to moderate risk onshore opportunities and low risk shallow water offshore opportunities that have high upside potential,” said Managing Director Dr Kenneth Pereira after launching the company’s IPO prospectus here today.

Hibiscus Petroleum, the first special purpose acquisition company (SPAC) to be listed on Bursa Malaysia, is scheduled for listing on the Main Market on July 25.

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From Business Times – Sweden’s Lundin gets majority interest in block

June 28, 2011

Dateline 2011-06-14:

Sweden’s Lundin Petroleum has won a majority working interest to operate Block PM307 offshore Peninsular Malaysia, further strengthening its presence in the country’s oil and gas industry.

Its subsidiary, Lundin Malaysia B.V., has entered into a deal with Petronas Carigali Sdn Bhd, the exploration and production arm of Petroliam Nasional Bhd (Petronas) early this month.

Under the deal, Lundin bought a 75 per cent interest and operatorship, while Petronas Carigali holds the remaining 25 per cent interest.

With Block PM307, Lundin now operates a total of six blocks in Malaysia. The blocks in Peninsular Malaysia are PM307, PM308A and PM308B, which are contiguous.

The blocks in Sabah consist of SB303, SB307 and SB308, which are also contiguous

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From Bernama – Anifah Takes PETRONAS to Task

May 7, 2011

Out of curiosity, is there some resurgence of East Malaysia citizens who wish to partake in the nation’s development closer to home?

Dateline 2011-04-30:

Foreign Minister Datuk Seri Anifah Aman took Petronas to task Saturday, saying that the national oil corporation did not give opportunities to the Bumiputera community in Sabah.

He said the only thing to show that Petronas was open to working with local companies was a memorandum of understanding (MOU) it signed with the Malay Chamber of Commerce Malaysia (DPMM) with regard to its oil and gas project in Kimanis.

Even then, it was not good enough as the MOU was not legally binding and therefore not enforceable, he said when opening the DPMM Sabah chapter’s 13th annual general meeting here Saturday.

Anifah noted that Petronas, upon embarking on the multi-billion ringgit project, had sidelined local companies and engaged concessionaries from outside Sabah.

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1 Comment | engineering, Malaysia, oil and gas | Permalink
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From Bloomberg – Petronas Shut Refinery Because of Power Loss

May 6, 2011

Loss of power, loss of refinery, loss of fuel … loss of power?

Dateline 2011-04-27:

Petroliam Nasional Bhd, Malaysia’s state-owned oil company, said its Melaka refinery was forced to shut yesterday after losing power from the national grid, the Malaysian news agency Bernama reported.

PETRONAS, as the company is known, is resuming operations, according to Bernama, which cited a statement by the company.

A call to Petronas’s head office in Kuala Lumpur wasn’t answered when Bloomberg News phoned today.

…

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From Upstream Online – MMHE denies Sime asset talks

May 5, 2011

Ah, did they or didn’t they?

Dateline 2011-04-27:

The heavy engineering unit of state-run Petronas has denied rumours it is in talks to buy oil and gas assets from fellow Malaysian company Sime Darby.

A spokesperson for Malaysia Marine and Heavy Engineering (MMHE) told Upstream today that there was no basis to reports the company was looking to buy any assets from Sime.

When questioned if the companies had entered any form of discussions over the assets the spokesperson simply replied “not at the moment.”

However there is little doubt that MMHE would welcome discussions to expand its current yard capacity.

…

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From Upstream Online – PETRONAS gets rights to border field

May 4, 2011

Does this strengthen Kelantan’s compensation claim?

Dateline 2011-04-25:

PETRONAS said it signed a unitisation agreement with the authority for the Bumi field in Block PM 301 and the Bumi South field in Block A-18 that firms up an earlier agreement inked in 2008.

“The unitisation agreement gives PETRONAS rights to the reserves in the unitised area, which has an estimated ultimate recovery of 1.252 trillion standard cubic feet of gas,” PETRONAS said in a statement.

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From Reuters – Malaysia’s Sime unit bags $384 mln fabrication job

May 3, 2011

Dateline 2011-04-25:

says unit Sime Darby Engineering Sdn Bhd has won a 1.15 billion ringgit ($384.3 million)contract to contruct topside facilities for the Kebabangan Northern Hub Development project off the coast of Malaysian Borneo state of Sabah.

The project is managed by Kebabangan Petroleum Operating Company, a joint venture between Malaysia’s state oil firm Petronas , ConocoPhillips’s local unit and a subsidiary of Shell (RDSa.L).

…

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Saturday Star 2011-04-30 – Job Opportunities

May 2, 2011

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.

First off, 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.

  • JP Kenny is looking for commissioning engineers, electrical comm engineers, telecom, mech, inst commissioning engineers and technicians. Apply here.
  • JX Nippon Oil & Gas Exploration (Malaysia) Ltd is looking for manager (exploration), manager (supplies & logistics), manager (resource assessment), manager (project), chief construction engineer, chief front-end engineer, chief project controller, HSE specialist, snr reservoir engineer, snr structural & marine engineer,  senior petroleum engineer, senior geoscientist, drilling engineer. Snail mail to Human Resource Section, JX NIPPON OIL & GAS EXPLORATION (MALAYSIA) LTD, Lot 1168, 3rd Floor, Wisma Interhill, Miri Waterfront Commercial Centre, 98000 Miri, Sarawak, Malaysia before 16th May, 2011.

Here are some fundamental chem eng books I would recommend. I haven’t updated the list for a long time, I know… maybe if y’all bought more books, I’d be motivated.

  

Unit  Operations of Chemical Engineering, Chemical  Reaction Engineering, 3rd Edition, Transport  Phenomena, Revised 2nd Edition.

2 Comments | engineering, Malaysia, oil and gas | Tagged: , | Permalink
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From the Borneo Post Online – Locals entitled to more jobs in oil and gas industry

April 29, 2011

Dateline 2011-04-23:

A community leader in Miri wants giant oil and gas companies, Sarawak Shell Berhad and Petronas Carigali, to give more opportunity to Sarawakians to fill positions in their operations in the state.

PBB Piasau deputy chairman Hamzah Bujang said: “The two companies should reconsider employing more Sarawakians qualified in this field and not let it be monopolised by a certain group of people.”

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2 Comments | Malaysia, oil and gas | Permalink
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From Reuters – Malaysia’s Petronas unit eyes Sime Darby oil and gas assets

April 28, 2011

Dateline 2011-04-23:

Malaysia Marine and Heavy Engineering Bhd (MMHE) is believed to be looking at taking over some or all of the oil and gas assets of conglomerate Sime Darby Bhd , The Edge weekly newspaper reported on Saturday.

The report said MMHE, the heavy engineering unit of Malaysia’s state oil firm Petronas , has been evaluating the assets for the past several months but that the plan was still in the preliminary stage.

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