April 13, 2010
Of course, we didn’t expect PETRONAS to list any of their star entities. My comments: Can someone tell me if MMHE is the preferred fabricator of choice, esp for deep water structures? As for the Petrochemical entity, I expect profits to drop once PETRONAS Gas goes ahead and finds the guts to revise gas prices.
Now, if they listed PETRONAS Carigali Sdn Bhd, Putrajaya Holdings, PETRONAS NGV, Institute Teknologi Petroleum PETRONAS, these would be game changers.
Dateline 2010-04-09:
KUALA LUMPUR: The proposed listing of Petroliam Nasional Bhd’s (Petronas) petroleum chemicals business and its heavy engineering arm will bring about a potential rerating of O&G supporting companies, says OSK Research.
The research house said on Friday, April 9 that currently, the O&G sector is trading at an attractive average PER of 13x FY10 EPS and 11x FY11 EPS.
“We believe that if Petronas floats these 2 businesses at a higher PER valuation, this would bring about a potential rerating of O&G supporting companies, some of which are still trading at single digit valuations due to the nature of their business and the lack of excitement in the sector,” OSK Research added.
…
You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.
13 Comments | 
business opportunity, Chemical, engineering, Malaysia, oil and gas | Tagged: Edge, MISC, MMHE, Petronas | 
Permalink
Posted by Wata
April 12, 2010
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, you are definitely Autom8 fodder.
- I see that Qatar Petroleum is looking for people. Too bad that it isn’t looking for engineers, mainly ICT, Software Application Specialists, SAP people. Apply here.
- Murphy is looking for support staff as well, Computerized Asset & Maintenance Management System Tech (this should be outsourced to Synergy), Network Admin, Comm/Planning, Exec, T&T Exec, HR Exec . What is this, hate your engineer week? Sigh, if you really must, send your qualifications here.
- TÜV (you know, the qualification body that gave me FS Engineer status?) is looking for an ISO auditor. Send your qualifications here.
- M3nergy is looking for Manager – Corp Comm, Manager (Finance/ Accounts), Snr Exec (Finance/ Accounts), Accounts Assistant. Another ‘no engineers needed’ add. 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.
This week’s food recommendation is Paya Serai, PJ Hilton. This is where the IEM Oil, Gas and Mining Technical Division relax after having our daily smoking session where we discuss the cricket scores, the affairs of Brunei, state of the Commonwealth and toast to the health of King Edward.
19 Comments | engineering, Malaysia, oil and gas | Tagged: M3nergy, Murphy, Qatar Petroleum, QP, TÜV | Permalink
Posted by Wata
April 11, 2010
Here’s some old news I only heard recently. To quote from the website:
Cameron acquires NATCO and integrates NATCO with Petreco to create Cameron’s Process Systems, the industry’s Total Solution Provider.
Hmm, I haven’t heard of Process Systems, so either it reaaaally isn’t the industry’s TSP, or I’m way behind on reading my trade paper subscriptions.
Now, Cameron has offices in Malaysia which are PETRONAS licensed. So, I wonder how the Scomi Natco tie-up via Scomi NTC is going to proceed?
Then again, Cameron provides valves to UOP, a competitor to NATCO, so I guess companies will jump in bed with whoever provides the most pleasing outcome.
Here’s how I perceive the services provided by the companies mentioned above:
- Cameron – Wellhead equipment
- NATCO – Separation solutions
- Scomi – hmmm, I have had no technical dealings with them. Though it does crop up in the news for other reasons.
- UOP – Separation solutions
Leave a Comment » | business opportunity, investment, Malaysia, oil and gas | Tagged: Cameron, NATCO, Petreco, Petronas, Scomi, UOP | Permalink
Posted by Wata
April 10, 2010
We had a few ringgit to spare, so we upgraded from the drip coffee filter to a espresso machine. Now, what we need is to initiate the milk steamer (correctly), get a business license and a copycat logo.
Reading today’s The Star 2010-04-04, there was an article on coffee in it. Here are the links that were provided in the article:
We accept unmarked, non-sequential bags of coffee donated to the office.
4 Comments | engineering, Malaysia | Tagged: coffee, espresso | Permalink
Posted by Wata
April 9, 2010
Continuing from Part I, Taken from The Star, deadline 2010-03-20:
How do we compare with Nigeria, Venezuela, Indonesia, Alaska and Norway, all oil-producing countries, in terms of management of the oil revenue and spending?
…
On the macro-policy side it is clear that, instead of using our oil revenues to encourage high income generation activities in the late 1990s, we have committed to rely on labour-intensive manufacturing
…
The Star PETRONAS
You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.
1 Comment | investment, Malaysia, oil and gas | Tagged: Petronas, The Star | Permalink
Posted by Wata
April 8, 2010
Actually, what I heard was related more towards dynamic simulation rather than OTS, but the idea is that not everyone is suited for the rigours of dealing with dynamic modelling. What was it boiled down to was that the tenacity needed to complete a computer role playing game was the same drive to complete a dynsim assignment:
- Treat the product as a quest.
- Expect a lot of lateral thinking
- Expect to spend a lot of time reaching your quest.
- Expect to spend a lot of nights reaching your quest.
- Expect to go on a lot of side quests to reach you quest.
- If the same approach didn’t work the previous 19 times, why would it work on the 20th? (The ‘click run till something happens’ methodology).
- Expect a lot of backtracking to find things you missed out the first pass.
- Expect the manual not to be a big help.
You can add other thoughts in the comments.
Is it a coincidence that the same person I heard these comments from is into RPGs? Here’s a few for you to chew on:
If you are into classic RPGs, I suggest Neverwinter Nights Diamond, Neverwinter Nights 2 Gold, and don’t forget the classic Ultima IV. Heck, get the complete Ultima Collection if you can.
1 Comment | engineering, Malaysia | Tagged: Neverwinter, OTS, RPG, Ultima | Permalink
Posted by Wata
April 7, 2010
This is a shout out for the IEM. My Technical Division will hosting a talk on the 10th April, 2010. It’ll be at 9:30 am (makan-makan at 9:00). You still gotta climb those steps at Wisma IEM.
This presentation provides an insight into the commercial aspects of oil & gas production. It begins with an introduction to the history of the oil & gas industry in Malaysia, and then covers the evolution and basic terms of a typical Malaysian Production Sharing Contract agreement. The presentation ends with a quick look at how an oil & gas prospect is then economically evaluated.
En. Mohd Azlan Salim joined Talisman Malaysia Limited since 2006 as a Commercial Analyst, but now serves as a Business Analyst for the Business Planning Department. Previously, he had spent five years with ExxonMobil Exploration and Production Malaysia Inc. with the opportunity to work on both engineering and commercial assignments. Azlan holds a Bachelor’s Degree in Mechanical Engineering from the University of College London.
Get the form here. Flyers for the above and other events may be obtained here. A map to Wisma IEM is presented here. It’s the building identified as ‘Puteri Nursing College.’
1 Comment | engineering, Malaysia, oil and gas | Tagged: IEM | Permalink
Posted by Wata
April 6, 2010
This is a shout out for the IEM. My Technical Division will hosting a course on the 13th and 14th April, 2010. You’ll get to visit TNB’s Intergrated Learning Solution – ILSAS at Bangi in addition to getting 13 CPD points.
The non destructive testing (NDT) method determines the welding integrity of materials and its characteristics without doing any harm to the materials. The course gives an overview of the more advanced NDT methods commonly used in industry, the principals behind them, their applications and advantages.
Flyers for the above and other events may be obtained here.
Leave a Comment » | engineering, Malaysia | Permalink
Posted by Wata
April 5, 2010
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, you are definitely Autom8
fodder.
- Synergy is looking for lead safety engineers, safety specialists, junior and lead process engineers and technical writers. We’re on an expansion drive, people! Visit the Synergy website for contact details. For leads, you need 5 years plus experience in the oil & gas industry. For safety specialist applicants, you need to be well versed in HAZOP, HAZID, QRA, FERA and Formal Safety Assessment. Ah, heck. If you have more than 5 years experience in O&G, apply. If you have less than 5, send a donation to the offshore account, and still get abuse. For juniors, go pick up a copy of Cambridge’s ChemEng syallabus, and go study like the Tripods (all of them) are tomorrow.
- RasGas is looking for Field Operators, Operation Maintainer, Technician, Shift Process Operators. CVs to be submitted here. You can phone the local recruiters at +603 2078 1918. I believe RasGas is a JV, one of the partners being ExxonMobil.
No food recommendations this week, as I haven’t gone anywhere new. I really need to buck up on doing marketing rounds.
If you’re looking for a book recommendation, I heartily recommend Daemon. It’s an exciting introduction to the way the new techno-thriller genre is going. Well, not new, everyone’s heard of William Gibson and Neuromancer
, but think of this as moving techno-thrillers from military and spycraft to the ‘Net, IP addresses and MMORPG. I can’t wait for the second part of the duology
to come out.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: daemon, Ras Gas, SOGE, suarez, Synergy, The Star | Permalink
Posted by Wata
April 4, 2010
This is a shout out for the IEM. My Technical Division will hosting a talk on the 7th April, 2010. It’ll be at 5:30 pm (makan-makan at 5:00). You still gotta climb those steps at Wisma IEM.
New maintenance activities need to be strategized so that optimum effort is being put by the maintenance team to get a reliable equipment and facilities operation. Methodologies such as condition based will assist in forming good predictive maintenance protocols. The selection of equipment for condition monitoring has to be based on risk assessment so that only important equipment is monitored to reap maximum value from the exercise. A good strategy for implementation and understanding of the whole maintenance concept will ensure the success of the initiatives. This approach requires skill engineering team with a strong management support. Only with this transformation than the facilities will be operated and maintained in a world class standard matching with the facilities development.
The presenter,
Ir. Al-Khairi Mohd Daud , P.Eng, C Eng, MIEM, B.Eng (Hons) – Mechanical Engineering, University of Leeds, MBA. Ir. Al-Khairi had a varied experienced in project, engineering, maintenance and reliability experience from various industries. Ir. Al-Khairi started his career a research assistant with Shell Research centre in Thornton, United Kingdom in 1991. He came back to Malaysia and worked as plant engineer with Associated Pam Malaysia Cement (APMC) Sdn Bhd, a cement plant, in Rawang, Selangor. He further developed his professional experience in oil and gas sector with Shell/Petronas via Malaysia LNG in Bintulu.
Get the form here. Flyers for the above and other events may be obtained here. A map to Wisma IEM is presented here. It’s the building identified as ‘Puteri Nursing College.’
4 Comments | engineering, Malaysia, oil and gas | Tagged: IEM | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 