Dateline 2011-04-21:
PETRONAS said on Thursday it has signed a deal that gives the state oil firm rights to a gas field under the Malaysia-Thailand Joint Authority that will help boost Malaysian supplies.
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.
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Dateline 2011-04-21:
Two helicopter service providers today signed a contract with a total value of RM7.2 billion to provide offshore helicopter service to five leading oil and gas (O&G) companies in Malaysia.
Westar Aviation Services Sdn Bhd will provide nine helicopters in a deal worth RM4.2 billion to Petronas Carigali Sdn Bhd, ExxonMobil Exploration and Production Malaysia Inc, Newfield (Malaysia) Inc, Petrofac (Malaysia-PM304) Ltd and Talisman (Malaysia) Ltd.
Meanwhile, MHS Aviation Bhd, a subsidiary of Boustead Holdings Bhd, sealed the remaining RM3 billion contract to provide five helicopters to Petronas Carigali Sdn Bhd, ExxonMobil Exploration and Production Malaysia Inc and Newfield Peninsular Malaysia Inc.
The contract is valid for a period of 10 years.
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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.
Here are some fundamental chem eng books I would recommend. I haven’t updated the list for a long time, I know…
Unit Operations of Chemical Engineering, Chemical Reaction Engineering, 3rd Edition, Transport Phenomena, Revised 2nd Edition.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: MMHE, Murphy, Petrofac, Ramunia | Permalink
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Dateline 2011-04-13:
The Government will soon establish the Malaysia Petroleum Resource Corp (MPRC) to spur the development of the country’s oil and gas sector.
MPRC interim chief executive officer Dr Shahreen Madros said Prime Minister Datuk Seri Najib Tun Razak would announce details of the agency soon.
“We are looking at human capital requirement, marketing portion and how we can promote the industry further,” he told reporters.
…
You can subscribe to an online version of the paper at the e-browse site.
Leave a Comment » | business opportunity, investment, Malaysia, oil and gas | Permalink
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.
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.
Here are some fundamental chem eng books I would recommend:
Unit Operations of Chemical Engineering, Chemical Reaction Engineering, 3rd Edition, Transport Phenomena, Revised 2nd Edition.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: Huntsman, Offshore Works, SLNG, technip | Permalink
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Dateline 2011-03-29:
Oil- and gas-producing Sabah is not the poorest state in the country, according to the Ministry of Federal Territories and Urban Wellbeing.
In refuting the findings of the World Bank Report which noted that 40% of the country’s poor were sited in Sabah, minister Raja Nong Chik Raja Zainal Abidin said it was Terengganu which had the highest number of poor.
He said Terengganu had the highest number of families falling into the three cateogry of “hardcore poor, poor and near poor” with 12,193 families.
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Does MHS feel challenged by other comers into the offshore O&G aviation transport market?
Dateline 2011-03-28:
KUALA LUMPUR: Boustead Holdings Bhd will buy a 51% stake in helicopter and aircraft charter services provider MHS Aviation Bhd for RM100mil in an effort to strengthen its involvement in the oil and gas industry.
In a Bursa Malaysia filing today, Boustead said that it wants to buy 10.2mil shares of RM1 each in MHS Aviation as it entered into a conditional sale and purchase agreement with DRIR Equities Sdn Bhdand Tulus Sejagat Sdn Bhd.
“Petronas Carigali Sdn Bhd has awarded a contract to MHS on August 20 last year to provide rotary wing aircraft, equipment and services (for heavy type aircraft- EC225) for ten years with an option for another five years commencing April 1 this year to March 31 2021,” it said.
…
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Can anyone explain why there was a “late notice” to PETRONAS’s customers?
Dateline 2011-03-25:
The Federation of Malaysian Manufacturers (FMM) says Petronas’ natural gas upstream facilities shutdown will lead to several manufacturing companies having to reduce their gas consumption significantly from March 30 to April 12 and April 29 to May 10.
While FMM said the significant reduction of gas supply to both the power sector and manufacturers was unavoidable due to the necessity in carrying out major maintenance work at the upstream facilities, the late notification has caused anxiety among manufacturers and uncertainty for companies that have orders to meet.
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Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: gas, PGB | Permalink
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And why aren’t there any “special clinics” held anywhere else?
Dateline 2011-03-25:
The Malay Chamber of Commerce of Malaysia (MCCM) and Sabah Oil and Gas Contractors Association (SOGCA) together with Petronas organised a special clinic to assist its members to register with Petronas and obtain a Petronas licence, Thursday.
According to MCCM Sabah Chairman Datuk Awg Buhtamam Ag Mahmun, the special clinic is for Petronas and Samsung/Naim to register and assist local MCCM members in Sabah who are interested in entering the oil and gas industry in the State.
“This clinic is specially set up for members of the MMCC and SOGCA who are interested to be involved in this field.
“With the decision by Petronas to set up the Sabah Oil and Gas Terminal (SOGT) in Sabah, we see many opportunities for local Sabah contractors.
Leave a Comment » | business opportunity, Malaysia, oil and gas | Permalink
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Dateline 2011-03-24:
MALAYSIA should not have any problem funding the extra subsidy cost due to higher oil prices but it could become a challenge if prices stayed too high for too long.
This would mean prices of about US$150 (RM454.5) a barrel, said Standard Chartered (StanChart) Bank economist Alvin Liew.
The government has pledged to absorb the extra subsidy from higher oil prices, although the subsidy bill could jump to more than RM14 billion if prices continue to rise.
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Leave a Comment » | Malaysia, oil and gas | Tagged: fuel, petrol | Permalink
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Wata - Malaysian Oil and Gas Engineer 