From Free Malaysia Today – Oil royalty suit: Court allows federal govt to be intervener

April 7, 2011

Dateline 2011-03-22:

The High Court here today allowed the federal government’s application to be an intervener in the suit filed by the Kelantan government against Petroliam Nasional Bhd (Petronas) over oil royalty.

High Court Judge Zabariah Mohd Yusof made the decision upon hearing submissions from both parties in chambers.

Counsel Tommy Thomas is representing Kelantan government, Cecil Abraham and Rishwant Singh for Petronas, and senior federal counsel Azizah Nawawi, from the Attorney-General’s Chambers, for the government.

With this decision, the federal government is to be part of the suit as the second defendant.

In the suit filed on Aug 30, last year, the Kelantan government named Petronas as the sole defendant.

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From Rueters – Malaysia to change crude price marker soon

April 6, 2011

PETRONAS is going to drop a Malaysian brand (Tapis) for a British one? Is this an imminent sign that Tapis will no longer be an oil production hub?

Dateline 2011-03-24:

Malaysian state oil firm PETRONAS is expected to announce a new pricing formula soon for its crude based primarily on European bellwether Brent, dropping a decade-old marker once commonly used to price Asia-Pacific crude, industry sources said on Thursday.

The move would homogenise and simplify a fragmented pricing structure in Asia, user of a third of global crude, extending Brent’s influence as a cross-continent price marker beyond the 70 percent of world supplies that now use it as a reference.

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Ramunia signs FPSO deal

April 5, 2011

Dateline 2011-03-23:

Ramunia Holdings Bhd has signed an agreement with Drydocks WorldDubai LLC and NTM Refection II AS for a floating production, storage and offloading (FPSO) deep producer vessel, known as the MT Laurita.

Ramunia told Bursa Malaysia yesterday that the arrangement would provide the company with an opportunity participate in the development of marginal oilfields and deepwater fields in Malaysia and the region.

“The arrangement also presents an immediate opportunity for Ramunia to participate in any direct negotiations, invitation to bids and requests for new proposals for FPSOs, by Malaysian and regional oil companies,” it said.

The company said it also planned to expand into the offshore floating business in the upstream oil and gas sector to take advantage of the significant spending on the domestic oil and gas sector

You can subscribe to an online version of the paper at the e-browse site.

 

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From Rueters – Malaysia’s Sime unit reaches settlement with Maersk Oil Qata

April 3, 2011

I expect to see someone dragging the good name of a local design consultant through the mud again soon.

Dateline 2011-03-23:

Malaysian conglomerate Sime Darby Bhd said its engineering unit has reached a settlement agreement with Maersk Oil Qatar A/S which will see it relieved of all outstanding works under a contract signed in 2007.

The plantations-to-property group said Sime Darby Engineering Sdn Bhd paid $41.9 million to Maersk Oil Qatar as final settlement for a project known as Block 5 Development Plan 2005.

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From Bernama – Ministry Mull Oil & Gas University in Labuan

April 2, 2011

I’m sorry, does this mean that other universities don’t have courses that beneficial to the oil & gas industry?

Dateline 2011-03-22:

The Higher Education Ministry is mulling over setting up a public university in Labuan specialising in the field of oil and gas and marine engineering, its deputy minister Datuk Saifuddin Abdullah said.

However, he said various factors need to be taken into consideration before the proposal can be implemented.

“There are five public universities offering programmes in oil and gas which are Universiti Malaya, Universiti Kebangsaan Malaysia, Universiti Teknologi Malaysia, Universiti Teknologi Mara and Kuching Polytechnic in Sarawak.

“The ministry feels that the number of public universities in the country will be able to sufficiently cover the needs for skilled labour,” he said in reply to Datuk Yusoff Mahal (BN-Labuan) at the Dewan Rakyat here Tuesday.

28 Comments | Malaysia, oil and gas | Permalink
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New Mascot – Federasi Jurutera Malaysia

March 31, 2011

I propose Mr. Woodpecker as the mascot for FJM. Vote for him in the upcoming EGM.

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From MSN – Malaysia has no intentions of reviewing fuel subsidy

March 30, 2011

Dateline 2011-03-21:

The Government of Malaysia has no intention to review the fuel subsidy as it can still withstand the increase in oil prices, which have shot up since the unrest in the Middle East began.

AP File Photo(AP File Photo)

Second Finance Minister Ahmad Husni Hanadzlah said the country would still be able to cope if oil prices went up to US$130 per barrel.

“However, the country’s economy will suffer if the price reaches US$150 per barrel.

“Our target is to achieve an economic growth of 5% to 6% this year and this will be affected if oil prices reach this stage.

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From The Star – Why government should stop subsidy petrol

March 29, 2011

Ah, if only we had the political will to follow up… though some of the engineering logic stated below leaves a lot to be desired.

Dateline 2011-03-01:

Reason No.1
Malaysia has abundant gas reserves, now standing at 2.35 trillion cu m versus oil reserves of 2.9 billion bbl. In less than 10 years, our oil reserves are going to be depleted. We should tap the potential of natural gas, as it gives us cleaner fuel.

Reason 2
The cost of converting the vehicle to run compressed natural gas (cng) and petrol is between RM3000-RM5000. Again there is a lot of cost saving in the long run as natural gas is less volatile compared to petrol. Again the government to provide incentives for the conversion cost.

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You can subscribe to an online version of the paper at the e-browse site.

3 Comments | business opportunity, Malaysia, oil and gas | Permalink
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Saturday Star 2011-03-26 – Job Opportunities

March 28, 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.

  • Aker Solutions “Attitude is Everything” is looking for Project Managers / Project Engineers, Principal Engineers (as opposed to Interest Engineers), Senior Engineers, Engineers, Designers. Visit them here if you want to see if you are woman enough to meet the challenge, or email them here,
  • Hess “Energy on the Move” is looking for an Operations Advisor (“Yes, we need operations”), Construction Manager, Offshore Installation Manager, Senior Mechanical Engineer, Senior Pipeline Engineer, Senior Structural Engineer, Senior Process Engineer, Senior E&I Engineer, Senior Drilling Engineer, Project Engineer, Safety Engineer.  Visit their website.
  • I see that Qatar Petroleum is looking for people. They are looking for Senior Reliability Engineer, Electrical Eng, Maintenance Tech Coordinator, Mechanical Design Eng, Senior RBI / IMS eng, Lead Interface Planning Eng, Snr Business Planning Eng Instrument Eng, Civil Eng, Structural Eng, Pipeline Eng, Snr Maint Eng (Electrical), Lead Facilities Eng, Snr Operations Supv, Head Rotating Equipment, Lead Operations Eng, Snr Operations Eng, Budget and Materials Eng, Head of Planning Eng.  Apply here.
  • Carimin is looking for a whole mess of people. Apply here.
  • ConocoPhillips is looking for a Development Engineer. Apply here.
  • Murphy is looking for a Production Engineering Manager and Maintenance Engineer. Apply here.

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.

5 Comments | engineering, Malaysia, oil and gas | Permalink
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From BT – Roc Oil eyes oil fields off Malaysia

March 27, 2011

New player in the market? Get those CVs updated!

Dateline 2011-03-17:

 

Roc Oil Co, an explorer planning to sell assets in Africa and focus on Southeast Asia and China, wants to tap oil fields off Malaysia to increase production.

Roc intends to bid for rights to develop fields owned by Petroliam Nasional Bhd, Malaysia’s state energy company, Chief Executive Officer Alan Linn said in an interview in Sydney.

The company is interested in as many as five areas, depending on their size, and has joined with a Malaysian partner to pursue the permits, he said yesterday, declining to name the company.

…

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