Malaysia to start producing oil at new offshore field by end-Dec

January 14, 2017

Dateline 2016-12-13, Reuters:

Malaysia is expected to start oil production at the end of December at a deepwater field that could lift February export volumes of key grade Kimanis by 25 percent from January, two sources with knowledge of the matter said on Tuesday.

Operated by Royal Dutch Shell, the Malikai field off the East Malaysian state of Sabah could boost exports of Kimanis to 193,000 barrels per day in February, they said, meeting demand from Australia and India.

Shell and its partner Petronas declined to comment.

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Malaysia’s Petronas to adjust output after oil cut deal

January 13, 2017

Dateline 2016-12-19, Yahoo! News:

Malaysian state-owned oil firm Petroliam Nasional Bhd said on Tuesday it would adjust crude oil production in line with an agreement between OPEC and non-OPEC producers to reduce global supply.

“Petronas will make the necessary adjustment to the country’s crude oil production level in line with the agreement reached between OPEC and non-OPEC producers…towards a more stable oil market,” it said in an emailed statement.

“The voluntary adjustment is expected to be implemented beginning from January 2017, taking into account prevailing market conditions and prospects.”

The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers reached a deal on Saturday to jointly reduce crude oil output to ease a global supply glut which has seen oil prices halving in the last two years.

(Reporting by Emily Chow; Editing by Biju Dwarakanath)

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IEM Shout Out – Talk on HAZOP – A Practical Approach

January 12, 2017

My technical division will be hosting a talk on the 19th January, 2017 at 5:30pm. It is worth 2 CPD points, and held at Wisma IEM. Since I’m giving it, I expect hoards will have to be turned away at the gates. And it’s a big room, so I need to fill the seats.

A Hazard and Operability (HAZOP) study is a formal, systematic and detailed examination of new or existing facilities. It focuses on the process, rather than risks from ‘outside the pipe’, which are better analyzed using other studies such as HIREC/ HAZID/ HER. A HAZOP assesses the hazard potential, causes and consequences on a facility when there are deviations to the operating conditions, or the manner of operations. Existing safeguards need are reviewed to determine whether they can eliminate the cause or minimize the consequence.

Wata has 20 years of experience in the oil and gas industry, in both design and operations.

Register here, or download the form here.

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Marketing Rounds – 2016-11 IEM SIL Course

January 11, 2017

Where were you? Were you in the IChemE LOPA course held 15ft away?

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Oil output cut: M’sia to gain in form of lower depletion rate

January 10, 2017

Dateline 2016-12-19, NST:

NON-Organisation of the Petroleum Exporting Countries (Opec) producers, including Malaysia, will stand to gain from the recent agreement by the cartel to cut production. “Malaysia’s oil and gas (O&G) sector, including the supporting industries, will benefit from higher oil prices even with a lower production volume. The net impact depends on the relative volume or prices,” Sunway University Business School economics professor Dr Yeah Kim Leng told Business Times yesterday. Malaysia and 10 other non-Opec producers agreed on Saturday to cut their oil output with the aim of ending the crude glut and reversing the fall in income, following the Opec agreement.

 

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Saturday Star 2017-01-07 – Job Opportunities

January 9, 2017

Happy Sherlock Week. IGL has pivoted into training, so book your seats now.

We’re thinking of republishing Young Turks of PETRONAS, but it’s a minimum 500 book printing run. Do I have enough interested persons to purchase?

Donate to your favorite charity (me), buy my recommendations, or through my Amazon store. Or get the Young Turks series (3 books until I can get YTP republished). Where are those corporate sponsors? Or throw donations at me, my camera dive case flooded, and I need a new replacement. Heck, if you want to send me a Canon 5D Mk III plus dive case, I will not say no.

  • I have a feeling that The Star isn’t the preferred O&G job recruitment portal now. I see more adverts via social media. What do you think, is it a step change that the papers need to embrace?
  • I’m looking for jobs for 2Q2017. Send me your POs.

Food choice of the week? I would suggest visiting Sudu & Garpu, SS15.

Seeing that Joe Dever has passed away, you may want to revisit his books:

Flight from the Dark (Lone Wolf, Book 1), Legends of Lone Wolf Omnibus 1, War of the Wizards (The World of Lone Wolf, Book 4)

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Posted by Wata

Landmark Opec deal fuels local O&G stocks

January 7, 2017

Did you catch the price rise wave, or mistimed and was caught in the trough?

Dateline 2016-12-02, NST:

Oil and gas (O&G) stocks rallied yesterday after Organisation of the Petroleum Exporting Countries (Opec) agreed on Wednesday to cut output for the first time in eight years.

Among the gainers were Deleum Bhd, Dayang Enterprise Holdings Bhd, UMW Oil & Gas Corp Bhd, SapuraKencana Petroleum Bhd and Uzma Bhd.

Leading the pack was Deleum, with the counter jumping 10.5 sen, or 12.8 per cent, to 92.5 sen, with 4.97 million shares traded.

Crude oil prices steadied around US$53 (RM236.90) a barrel yesterday, holding on to big gains made after Opec and Russia agreed to restrict production.

In the meeting, Opec members agreed to cut oil output by almost 1.2 million barrels per day from January to June next year.

…

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Ophir field achieves first oil

January 6, 2017

Dateline 2017-11-11, Asian Oil & Gas:

Octanex said first oil has been achieved at the Ophir field, offshore Malaysia, following commencement of production from the field on 20 October.

Production during this period was constrained to a maximum of 3000 bo/d. A de-bottle necking phase of commissioning is underway, and Octanex expects that the first lifting of Ophir crude will occur in December 2017.

The Ophir field with a water depth of approximately 70m and has been developed via three production wells, a wellhead platform and floating production storage and offload (FPSO) vessel.

…

 

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Shell confirms oil leak in Port Dickson

January 6, 2017

Dateline 2016-12-02, Malay Mail:

Shell Refining Company Port Dickson (SRC) confirmed that oil sheen discovered near the SRC jetty in Batu 1, Jalan Pantai Port Dickson, here at 6.30pm yesterday was from its single buoy mooring (SBM).

SRC in a statement here today said SRC immediately activated and mobilised it’s Response Team to the area to investigate the sheen and manage the situation.

“The source of the leak was quickly identified to be from SBM and the team has managed to isolate the source and stop any further leak into the environment. SRC is now focussed on minimising any impact to the environment and clean-up efforts are underway.

“The cleaning activity of the oil sheen and the safety of the community and the responders are our utmost priority. We are working closely with the relevant local authorities such as the Fire and Rescue Department and the Department of Environment on the clean-up efforts,” it said.

…

 

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Marketing Rounds – Mecomb

January 4, 2017

For all the times I have seen their name on documents, I haven’t actually been to Mecomb’s sanctum sanctorum.

img_20161104_144157

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