July 27, 2010
Please, can someone tell PETRONAS to sell gas at market rates to industries in Malaysia? That’ll teach us a lesson to take our resources for granted.
And Why exactly is MMC making the announcement, not Gas Malaysia?
From the Star, dateline 2010-07-13:
MMC Corp Bhd said its 41.8%-owned subsidiary Gas Malaysia Sdn Bhd has signed a second supplemental gas supply agreement with Petroliam Nasional Bhd (Petronas) for an additional supply of 82 million standard cu ft per day (mmscfd) natural gas from the latter.
Gas Malaysia had last August secured a long-term supply of 300 mmscfd from PETRONAS.
“The additional supply of the 82 mmscfd natural gas shall be effective until Dec 31, 2011,” it told Bursa Malaysia.
You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.
2 Comments | 
business opportunity, investment, Malaysia | Tagged: Gas Malaysia, MMC, Petronas | 
Permalink
Posted by Wata
July 26, 2010
I think I’ll start a series on what credit card entitles you free entry to various airport lounges I encounter as I travel round the region building up the Empire of Wata. Let’s start with the Plaza Premier Lounge in LCCT in Malaysia.
(I take no responsibilities for errors. If your card isn’t accepted, pay RM88 like the rest of us, or bring along a thick book).
American Express Malaysia
- Platinum Charge Card
- Platinum Credit Card (since when did Amex have credit cards?)
- Singapore Airlines Kris Flyer Gold Card
Eon Bank
- Platinum
- Matta Platinum
- Matta Gold
Alliance Bank
- Premier Debit Card
- Privilege Recognition Card
BMW Malaysia White Card Regular /Elite
Ambank
- Platinum Business
- Platinum Conventional
- Platinum eCosway
- Platinum al-Taslif
UOB Jakarta
UOB Malaysia
- Preferred Platinum (Visa & Mastercard)
- Midas
- Kota Permai Platinum (MasterCard)
- …Perak Platinum (MasterCard)
- Clearwater Sanctuary Platinum (MasterCard)
RHB Platinum
Priority Pass
7 Comments | business opportunity, Malaysia | Tagged: credit card, free entry, LCCT, travelling | Permalink
Posted by Wata
July 26, 2010
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.
- Talisman is giving you graduates a chance. She is looking for a Graduate Drilling Engineer, Graduate Mech Eng. Talisman, make sure these applicants are already registered with the BEM, if not please reject them out of hand. Apply here, and visit their site.
- Smith International Inc. is looking for i-Drill Engineers (you drill what?). Apply here. They last put up this advert in May, 2010. I guess they couldn’t find anyone of calibre, or they are expanding. Anyone know which statement is correct?
26 Comments | engineering, Malaysia, oil and gas | Tagged: Smith International, Talisman | Permalink
Posted by Wata
July 24, 2010
Yeah, where is this upward trend? My profit margin has only increased by 1000+% year on year, below the industry standard. I would expect people to be throwing money at us, as if they were venture capitalists, and we have the next Facebook in the works.
BTW, doesn’t ECM Libra have a vested political interest to make things appear rosy?
From Bernama, dateline 2010-07-14:
Oil and gas stocks should see an upward trend going forward with more jobs expected for oil and gas providers, according to ECM Libra Investment Research.
“The sector is not without its shortcomings but on the flipside, valuations continue to be reasonable and we believe the key driver will be the impending news flow,” it said.
“One would have thought that crude oil prices have been above the US$70 level for long enough to ignite a multitude of projects the world over but the recovery in capital expenditure spend hence job flow have been slow coming,” ECM Libra said.
“Nevertheless, we believe that upstream spending will be back in tow, latest 2011, and continue to trickle in for the rest of this year,” it said in a research note Wednesday.
…
Leave a Comment » | business opportunity, Malaysia, oil and gas | Tagged: Bernama, ECM Libra, trends | Permalink
Posted by Wata
July 23, 2010
I don’t know how I managed to miss this. The IEM family day is happening this Sunday, 25th July 2010.
- Time: 9am to 1 pm
- Location: Taman Jaya, Petaling Jaya, Selangor
I’ll be around, signing autographs for those who recognize me. Don’t expect my John Hancock to sell well on eBay, or lelong. com.my. I suppose I could get impromptu dunked if anyone wants to pay high enough… contact the organisers, ask to dunk Councilman Wata.
Get more information here.
Leave a Comment » | engineering, Malaysia | Tagged: family day, IEM, Petaling Jaya | Permalink
Posted by Wata
July 23, 2010
For those who wanted to make more money in PETRONAS by being posted to places where you have a bulleye stiched onto you shocking red coveralls, the world has become a smaller place.
Dateline 2010-07-10:
The Malaysian oil company, Petroliam Nasional Berhad (PETRONAS), which is prospecting for oil and gas reserves in the Ogaden basin, south eastern part of Ethiopia, is demobilizing its drilling crew, according to Ethiopian Reporter.
There is speculation that the company will pull out from Ethiopia. Previously, Petronas relinquished its concession in the Gambella basin, south-western part of Ethiopia, near the Sudanese border, after drilling two exploration wells that turned out dry. Another exploration well drilled by the company last year in the Ogaden basin in the Genale locality also turned out to be dry.
…
1 Comment | investment, Malaysia, oil and gas | Tagged: chicken, Ethiopia, Gambella, Petronas | Permalink
Posted by Wata
July 22, 2010
I think allowing market forces to determine the price of gas would go a long way to addressing the issue. ‘Course, that would me we would want to sell all our gas to Singapore or Thailand, but what’s a powerless, air conditionless dark night between citizens?
From Bernama, dateline 2010-07-14:
The Ministry of International Trade and Industry (MITI) together with the Economic Planning Unit (EPU) will be putting up a joint paper to address the gas supply issue, its minister Datuk Seri Mustapa Mohamed said Tuesday.
“We are engaging with the EPU on the gas issue. We know that many industries are dependent on gas. We understand the problems, they want some certainty and transparency in terms of supply,” he told reporters after a dialogue session with players from the chemicals and petrochemicals industry here.
Mustapa said MITI was working with EPU to come up with a proposal that would update the Cabinet on two issues, namely the current gas supply situation in Malaysia and to resolve the short-term problems.
…
Leave a Comment » | engineering, investment, Malaysia | Tagged: EPU, gas, PGB, power | Permalink
Posted by Wata
July 21, 2010
This is a shout out for the IEM. My Technical Division will hosting a talk on the 13th November, 2010. It’ll be at 9:00 am (makan-makan at 8:30). You still gotta climb those steps at Wisma IEM.
Get the form here. Flyers for the above and other events may be obtained here. A map to Wisma IEM is presented here.
Leave a Comment » | business opportunity, Malaysia | Tagged: IEM, Look Keman, mining | Permalink
Posted by Wata
July 21, 2010
This is a shout out for the IEM. My Technical Division will hosting a talk on the 31st July, 2010. It’ll be at 9:30 am (makan-makan at 9:00). You still gotta climb those steps at Wisma IEM.
One key element of an offshore oil & gas field development project is to demonstrate inherently safe design principles are adopted as part of the engineer design. A safety case lifecycle approach would ensure that the potential Major Accident Events (MAE) are identified, assessed and managed through the design process in order to demonstrate that risks have been reduced to As Low As Reasonably Practicable (ALARP) and within the required tolerable limits.
…
(The Speaker) Ms Voon Jye Yng graduated from University of Kansas, USA in 1995 with a degree in Chem Eng (Environmental). Ms Voon is the Partner for Technical Risk and Safety Engineering with Environmental Resources Management (ERM).
Get the form here. Flyers for the above and other events may be obtained here. A map to Wisma IEM is presented here.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: HAZID, HAZOP, IPF, SIL | Permalink
Posted by Wata
July 19, 2010
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.
- Corro Shield, who is hosting a visit by the IEM on 5th August, 2010 is looking for a reservoir engineer / production technologist, blaster / painter, scaffolding inspector /scaffolder. Contact them here.
- ExxonMobil is looking for a petrophysicist. They are accepting people with an Engineering degree, so that’s why this position is in the list.
- Murphy is looking for a drilling fluid coordinator. Can someone tell me how do you coordinate drilling fluids? Do you stand in front of the barrels and shout “Fluids, leeeeeeft face!”? Send your applications here.
- Talisman is looking a Snr Drilling Engineer and Senior Production Technologist. Apply here, and visit their site.
- Technip wants to has another advert in the paper. I guess there are too many positions to name, as the positions are now listed as Engineering, Accounts & Finance, Human Resources and Secretary (I very much doubt it comes with the prefix “Company”). Visit here soon.
- Halliburton is looking for Reliability Engineers. Write in and send their details here.
I recently discovered tha Kinokunya KLCC has a whole rack dedicated to oil & gas topics. ‘Course, I would prefer if you bought the above selection from my site, but I value your continued education more than profit. Actually, I prefer it the other way round, so purchase stuff from me.
This selection focuses on the non-engineers among you. Try out Oil & Gas Production in Nontechnical Language, The Petroleum Industry: A Nontechnical Guide, and Petroleum Refining in Nontechnical Language, Fourth Edition. I haven’t used these books before, but they seem quite good.
2 Comments | engineering, Malaysia, oil and gas | Tagged: Corro Shield, EMEPMI, EPMI, ExxonMobil, Halliburton, Murphy, Talisman, technip | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 