From the Edge – Ranhill subsidiary has lion share of RM1.07b Petronas Gas job

February 3, 2011

Dateline 2011-01-27:

RANHILL BHD has said its subsidiary Ranhill WorleyParsons Sdn Bhd has a 70% stake in the consortium with MUHIBBAH ENGINEERING (M) BHD that secured the RM1.07 billion contract from PETRONAS GAS BHD, making it the major beneficiary.

The consortium was awarded the engineering, procurement, CONSTRUCTION, installation and commissioning for the LNG regasification unit, berth and subsea pipeline.

Ranhill said on Thursday, Jan 27 that Ranhill WorleyParsons is its 51%-owned subsidiary.

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From the Star – Ramunia Gears Up for O&G

February 2, 2011

Dateline 2011-01-27:

With the prospects of oil and gas (O&G) sector improving, it is not surprising that Ramunia Holdings Bhd would intensify its efforts to broaden business opportunities.

The acquisition of the Pulau Indah Integrated Fabrication Yard for RM83.8mil from Oilcorp Bhd is a strategic move to enable it to participate in the various O&G contracts under the Economic Transformation Programme (ETP).

“Ramunia is definitely a keen player in the O&G sector, considering its recent corporate moves,” an analyst said.

The company, which specialises in the fabrication of offshore O&G-related structures for major oil players in the world, had also confirmed that it was in preliminary talks to buy a stake in Syarikat Borcos Shipping Sdn Bhd.

…

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

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From Bernama – Mukhriz Urges PETRONAS To Assist Government More With Bumi Entrepreneurs

February 1, 2011

Dateline 2011-01-28:

Petronas must intensify its efforts to nurture ever more successful local entrepreneurs in line with the government’s plans to support and create a vibrant small and medium enterprise (SME) sector.

Making this call, International Trade and Industry Deputy Minister Datuk Mukhriz Mahathir said Petronas currently helped technology intensive SMEs by awarding contracts and opening the doors to overseas markets.

“In the same vein, Bumiputera hi-tech SMEs are now able to compete based on technological merit. However, these companies need capital and market access, to put it plainly.

…

 

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Saturday Star 2011-01-29 – Job Opportunities

January 31, 2011

Support me by purchasing my recommendations, or buying through my Amazon store.

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.

Synergy is looking to fill the following positions:

Contact us if you have the qualifications and the interest. Only shortlisted candidates will be contacted.

  • M3nergy is looking for a Manager – Facilities Engineering, Marine Engineer, Planning & Cost Engineer, Head Rotating Machinery Engineer / Maintenance Engineer, Contracts Manager /Engineer, Snr Engineer – Proposals, Naval Architect / Marine Engineer, Snr Engineer – Mechanical and Piping. Send your qualifications here or snail mail to M3nergy Berhad, Central Services Division (Recruitment Section) 25th and 32nd Floor, Wisma UOA II, 21 Jalan Pinang, 50450 KL.
  • ExxonMobil is looking for a Instrument and Electrical Technician, Mechanical Technician, Production Technician. Apply here, or snail mail to Recruitment, Human Resources, Level17, Menara ExxonMobil, 50088 KLCC, Kuala Lumpur.

 

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From the Star – Analysts snuff out oil & gas excitement

January 30, 2011

Dateline 2011-01-19:

PETALING JAYA: It is understandable that when Prime Minister Datuk Seri Najib Tun Razak announced billions of ringgit worth of investment in the oil and gas industry to enhance oil extraction from marginal fields, there was quite a bit of excitement generated among industry players as well as in the stock market.

The announcement was made on Jan 11 in the third update of the Economic Transformation Programme (ETP) with investments (some of it ongoing) by Petroliam Nasional Bhd (Petronas) together with partners Exxon Mobil Corp and Shell Malaysia totalling over RM15bil.

While the stock market was already on an uptrend, oil and gas counters became the focus of investors over the two days following the announcement. For example, the share prices of Kencana Petroleum Bhd and SapuraCrest Petroleum Bhd were at their highest for the year on Jan 12.

There are now expectations that Petronas would award multi-billion ringgit contracts for the development of marginal oil fields by the end of this month to several consortia comprising local and foreign companies, which could involve the parties taking equity stakes in joint ventures.

…

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

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From the Sun – OSK cuts profit forecast for PETRONAS Gas

January 28, 2011

And this is the latest article where the BeC fire is mentioned:

Dateline 2011-01-21:

OSK Research has warned that Petronas Gas Bhd’s profits for the second half of its financial year ending March 31, 2011 (FY11) were unlikely to match its stellar first-half performance as a result of the Bekok C gas platform fire, offshore Terengganu, in December.

Due to the loss of some 5% of gas supply from Bekok which would affect its gas processing and transmission revenue as well as revenue from extracting propane and butane, OSK Research cut its net profit forecast for Petronas Gas by 0.4% for FY11, 3% for FY12 and 1.4% for FY13, which in turn reduced its target price slightly to RM13.54 from RM13.65.

…

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From the Star – Oil prices soar and hurt

January 27, 2011

Dateline 2011-01-09:

Oil prices surged toward the last quarter of 2010 to trade above US$90 (RM276.12) a barrel, raising concerns of higher food and fuel prices, reduced purchasing power and threatening the global economic recovery.

…

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

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Saturday Star 2011-01-22 – Job Opportunities

January 25, 2011

Support me by purchasing my recommendations, or buying through my Amazon store.

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.

Synergy is looking to fill the following positions:

Contact us if you have the qualifications and the interest. Only shortlisted candidates will be contacted.

And there’s nothing else. Maybe it’s to compensate for last week’s plethora of positions.

 

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BeC – What Happened?

January 24, 2011

I’ll do the weekly job roundup tomorrow, had a leaking water pipe, so that took (and still is a) priority.

Last we heard about the incident, 6 people were injured, but this was way back in Dec. Anyone have any updates? Rumor has it that there is no gas flowing from the platform, due to the extent of damage.

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Bloomberg – Malaysia’s Petronas Raises Tapis Crude Price Factor to Record for January

January 23, 2011

Dateline 2011-01-11:

Petroliam Nasional Bhd., Malaysia’s state oil company, raised a price-adjustment factor for its benchmark Tapis crude to a record for a fifth month as processing profits increased.

Petronas, as the Kuala Lumpur-based company is known, set the factor at $7.80 a barrel for January, up 30 cents, or 4 percent, from December, said an official today, asking not to be identified because of corporate policy. The factor averaged $3.84 last year and 59 cents in 2009.

The increase follows rising profits for refiners turning light crude such as Tapis into gasoil, or diesel. Gasoil’s premium to Dubai crude, known as the crack spread, was at $14.03 a barrel today, from $12.81 at the end of last month, according to PVM Oil Associates Ltd., a brokerage.

…

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