January 23, 2011
Dateline 2011-01-09:
Kota Kinabalu: Sabah contributed more than quarter of the nation’s crude oil last year.
Chief Minister, Datuk Seri Musa Aman said the State chipped in about 26.9 per cent of the country’s overall crude oil output, which totaled more than 637,000 drums daily.
The oil and gas industry was one of the main contributors to Sabah’s economic sustainability, he said, adding many large-scale projects in the sector have been developed.
“These includes the Kikeh Oil Field, which is the first offshore deepwater oil field in Malaysia and the Sabah Oil and Gas Terminal (SOGT) in Kimanis as the industry’s hub in the State’s West Coast,” he said during the Petronas Petroleum Technology Institute (Instep) 2010 Convocation, Saturday.
“I am confident the sector has the potential to grow even further in future.”
In the same breath, Musa said such development could only be achieved with skilled and experienced labour such as those produced by national oil company Petronas.
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Posted by Wata
January 22, 2011
And… SOGT is still is the news. When they going to bury that puppy and move on? Oh, and when is the SOGT design consultant allowed to make good with PETRONAS?
Dateline 2011-01-11:
KOTA KINABALU — A memorandum of understanding (MoU) was inked Tuesday between NCSB Engineering Sdn Bhd, the Malay Chamber of Commerce Malaysia (DPMM) Sabah chapter and the Sabah Oil and Gas Contractors Association (SOGCA).
The MoU is to mark the collaboration in future projects under the Sabah Oil and Gas Terminal (SOGT) in Kimanis.
A subsidiary of Sarawak-based conglomerate Naim Holdings Bhd, NCSB Engineering has partnered Samsung Engineering Co. Ltd in a joint venture (JV), whereby, the companies were awarded the RM2.4 billion contract to built the SOGT by Petronas Carigali last year.
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Posted by Wata
January 21, 2011
Dateline 2011-01-11:
Energy companies Exxon Mobil Corp. and Royal Dutch Shell PLC plan to invest a total of about $5 billion in Malaysia, the government said Tuesday.
The agreements come as Malaysia seeks to attract $444 billion in investments by 2020.
The largest deal disclosed Tuesday involves units of Exxon and Malaysian company Petroliam Nasional Bhd., or Petronas. ExxonMobil Exploration & Production Malaysia Inc. and Petronas Carigali intend to invest more than 10 billion ringgit, or about $3.25 billion, in new oil and natural-gas assets in the South Asian nation, the Malaysian government said in a written statement.
Shell’s local arm, Shell Malaysia, plans to invest 5.1 billion ringgit to upgrade, expand or build facilities in the country.
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Malaysia, which produced 657,700 barrels of oil and condensates per day as of Jan. 1, 2010, is expected become a net oil importer by 2013.
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1 Comment | Malaysia, oil and gas | Permalink
Posted by Wata
January 20, 2011
From Bernama, dateline 2011-01-12:
Prime Minister Datuk Seri Najib Tun Razak’s announcement on over RM20 billion investment in the oil and gas (O&G) and energy sectors is expected to perk up trading of the O&G stocks after being out of the limelight for the last two years since the crash of the crude oil price.
In a note on Wednesday, OSK Research said the share prices of most O&G companies were experiencing an upward re-rating due to the steady flow of positive news.
Under the third update of the Economic Transformation Programme yesterday, Najib said Shell Malaysia would invest RM5.1 billion in multiple projects to upgrade, expand or build facilities in upstream, midstream and downstream activities across Malaysia.
Meanwhile, ExxonMobil Exploration and Production Malaysia Inc, together with its production-sharing contract partner, Petronas Carigali Sdn Bhd, planned to invest over RM10 billion in new oil and gas assets to help ensure reliable and sustainable energy supplies for Malaysia.
This was a follow-through from the announcement of new tax incentives under the Petroleum Income Tax Act in November 2010.
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Posted by Wata
January 19, 2011
Dateline 2010-01-14:
The spiralling fuel price is expected to trigger a spike in the operating costs of Malaysia Airlines and AirAsia by 16 per cent and 46 per cent respectively in 2011.
This may in turn force both the airlines to impose a 25 per cent fuel surcharge.
Given that the fate of the aviation sector is still intertwined with the trend in crude and jet fuel price, the tolerance level of the industry is around US$117 to US$125 a barrel of jet fuel price, said MIDF Research.
It said at US$125 a barrel of jet fuel, the price should correspond with US$110 a barrel of crude oil and with the expectation of it averaging at US$105 a barrel in 2011,the airlines will still be within safe territory for the year.
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Posted by Wata
January 17, 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.
- Huntsman are looking for a graduate chemical engineer, QC chemist, process engineer, laboratory technician. They say they can make a CheEng PE within 4 years. I suppose that means that you will be promoted to project manager within 4 years. Snail mail to the human resource department, Tioxide (Malaysia) Sdn Bhd, Kawasan Perindustrian Teluk Kalung, Peti Surat 29, 24007 Kemaman, Terengganu DI.
- Shell is looking for people. Visit www.shell.com/careers and select Job Search & Apply → Job Search for Professionals → Region → Asia → Malaysia. The ad asks you to quote reference GEN035J, but you know you should quote ‘razmahwata.wordpress.com’.
- Dialog Group is looking for a whole mess of engineers. Send an email here or snail mail to Human Resources Department, Dialog Group of Companies, 109, Block G, Phileo Damansara 1, No. 9, Jalan 16/11, 46350.
- Ranhill WorleyParsons has a whole page advert. From reading between the lines, I presume they have been awarded another big job, and will be maintaining their Miri office to support one of the PSCs via a long term contract. They want Snr/lead civil/structural eng, snr/lead process design eng (upstream), snr/lead electrical eng, snr/lead piping engineers (piping and materials), snr/lead rotating eqt engineers,snr/lead mech eng (static equipment/ package), snr/lead instrument engineers, snr project engineer, project eng, snr project controllers, cost estimators, proposal eng, buyer/expediter, snr piping designers (PDMS). And there are positions in Miri as well. Visit the website, or send your CVs here.
- And Kebabangan Petroleum Operating Company (KPOC to friends) has a two-page spread. I presume they are now moving into hookup and commissioning? Anyhow, the posts that they hope to fill are: Project HSE Manager, Instrument & Controls Eng, Package Eng HVAC, Site Engineer (HW Vessels), Site Engineer (Coolers), HUC Electrical, HUC Instrument, HUC Control and Automation, HUC Process Eng, Construction Eng (Electrical and Instrumentation), Project Eng (Materials) Construction Supervisor (Structural), Construction Supervisor (Piping), Construction Supervisor (Mechanical), Pipelines Senior Surveyor, Snr Pipelines Installation Eng, Snr Pipelines Interface Eng, Planning Eng, Operations Assurance Eng, Integrated Operations Eng, Mechanical Reliability Eng, Operations HSE Eng, Controls and Instrumentation Mentor, Mechanical Mentor, Electrical Mentor, Offshore Production Supervisor . Please apply here, or snail mail to: Kebabangan Petroleum Operating Comp Sdn Bhd, Level 52, Tower 2, PETRONAS Twin Towers, KLCC, 50088 KL, Malaysia.
- Talisman is looking forHSE System & Assurance Eng, Senior Drilling Supv, D&C HSSE Engineer, Operations Eng, Mechanical Eng, Subsea Inspection Eng, Production/Wellhead Technician. Apply here, and visit their site.
- Lundin’s looking for geoscientist/seismic interpreter. Visit their site and apply here.
- Hey, PayPal is looking for people in KL! Now it’s easier to donate to me. send your CV (PayPal, not me) here.
I haven’t had any book recommendations lately. How about y’all look up and see if you are interested in joining PADI (the diving org, not the band).
2 Comments | engineering, Malaysia, oil and gas | Tagged: Dialog, Huntsman, KPOC, Lundin, Paypal, Shell, Talisman | Permalink
Posted by Wata
January 16, 2011
Dateline 2011-01-14:
KUCHING: Malaysian Oil and Gas (O&G) stocks skyrocketed in the past few days in response to Prime Minister Datuk Seri Najib Tun Razak’s announcement of another 19 Entry Point Projects (EPP) with three from the O&G sector under the Economic Transformation Programme (ETP).
On top of that, Main Board of Bursa Malaysia also witnessed record breaking 52 weeks high levels of certain counters since the announcement on January 11, 2011. The RM20 billion investment in the O&G and energy sectors were expected to perk up trading in these stocks after vanishing from the radar over the last two years due to weakening in crude palm oil (CPO) levels and lack of activity in the energy sector.
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Posted by Wata
January 15, 2011
Umm, what was the hub before this? Anyone from the Iskandar Regional Development Authority want me to advise them for big bucks? BTW, when are elections due?
Taken from the Star, dateline 2011-01-14:
The Government has identified Johor as the new growth centre in the country for the oil and gas (O&G) sector and related activities under the Economic Transformation Programme (ETP).
International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the ministry would promote two locations in Johor dedicated to the O&G sector and related activities to domestic and foreign investors.
“We will provide incentives to the O&G players to invest in Johor,” he told reporters after attending the Iskandar Malaysia Small and Medium Enterprises Outreach Awareness Dialogue organised by Iskandar Regional Development Authority yesterday.
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You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.
Leave a Comment » | business opportunity, investment, Malaysia, oil and gas | Tagged: IDRA, Iskandar, Johore | Permalink
Posted by Wata
January 14, 2011
Taken from the Star, dateline 2011-01-12:
PUTRAJAYA: Oil and gas services provider Dialog Group Bhd is targeting April to kick-off its RM5bil Pengerang deepwater petroleum terminal project in south-east Johor.
Executive chairman Ngau Boon Keat said the project’s Environmental Impact Assessment (EIA) would be approved by next month or early March.
“Subject to the EIA approval, the big investment decisions will go ahead,” he told a media briefing here following the third update of the Economic Transformation Programme yesterday by Prime Minister Datuk Seri Najib Tun Razak.
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You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: Dialog | Permalink
Posted by Wata
January 13, 2011
Wasn’t Gas Malaysia listed on the Bursa already? Or were they listed but taken private again?
Taken from the Star, dateline 2011-01-12:
KUALA LUMPUR: Gas Malaysia Sdn Bhd, a company that distributes natural gas to households and industries, is said to be eyeing a listing on Bursa Malaysia this year but that idea has not yet received the full backing of all of its shareholders.
It is learnt that the other shareholders are deciding on whether to green-light a listing but no decision has yet been made.
In a report by OSK Research, it said MMC Corp Bhd during the OSK Asean Corporate Day on Jan 6 in Singapore revealed that it hoped to list Gas Malaysia in 2011. MMC currently owns 41.8% of Gas Malaysia but controls it as a subsidiary.
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You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: Gas Malaysia | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 