Saturday Star 2016-05-28– Job Opportunities

May 31, 2016

Sorry I’m late, been offshore, lousy internet, but hey, better than no internet

Happy Visit Surabaya week. 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.

  • A mate of mine is looking for a MD/EngMan type person to help run his engineering company (the main business is skid manufacturing). He can’t handle the work volume, so you know that his oil & gas company is bucking the trend, and has a bright future ahead. If I know you, send your CV’s to me. If I don’t know you, send your CV along anyway, but note I will contact your references. I am not getting a commission for this ad, you know.
  • I’m looking for fresh meat-ish, to help with a peak work period.
  • I’m looking for jobs for 3Q2016. Send me your POs.

Support your local bookshop!  Bookalicious at The Summit Subang is a good choice. I think they focus on trilogies, quadrilogies, and other ologies. Tell them I sent you, and enjoy the look of perplexity on their faces. Those of you who have dropped my name, thanks!

Food choice of the week? Any weight loss diet.

Let’s get a bit nostalgic with the book selection.

Wetter, Louder, Stickier: A Baby Blues Collection (Baby Blues Scrapbook), BBXX: Baby Blues: Decades 1 & 2, Bedlam

2 Comments | Malaysia, oil and gas | Tagged: | Permalink
Posted by Wata

Petronas’ royalties increased 60 folds – CM

May 31, 2016

Dateline 2016-04-22, Borneo Post:

ROYALTIES paid by Petronas to Sabah has increased by 60 folds over the last four decades.

Chief Minister Datuk Seri Musa Aman in his Ministry of Finance’s winding up speech yesterday said although the rate of the royalty given to Sabah had not been revised, the revenue given back to the State had continued to increase year by year.

“The royalty received by Sabah for the oil extracted from its waters was only RM15 million in 1976 and has increased to about RM900 million in the recent years,” he told the State Assembly sitting yesterday.

However, he said the state government wanted the benefits Sabah could derive from the oil and gas industry developed on its soil to not be limited to only royalties.

He stressed that projects such the Sabah Oil and Gas Terminal (SOGT) and the Sipitang Oil and Gas Industrial Park (SOGIP) are capable of providing various employment opportunities and spillover effects that will serve as a catalyst for Sabah economic development.

…

Leave a Comment » | Malaysia, Malaysian election, oil and gas | Tagged: | Permalink
Posted by Wata

The Three Numbers That Swell Petronas Gas Berhad

May 29, 2016

Go subscribe to The Motley Fool. I read some of their past papers, and was impressed. No, I am not making any money from them.

Dateline 2016-04-21, Motley Fool:

Petroliam Nasional Berhad, or PETRONAS for short, has over 100 subsidiaries. Petronas Gas Berhad (KLCE: PETGAS; 6033.KL), which is valued at MYR43 billion, is one of them.

The company processes and transmits gas to its parent, PETRONAS, and also to its own customers. Apart from being one of Malaysia’s ten largest listed businesses, Petronas Gas also boasts one of the highest Returns on Equity (RoE) on the market.

Its RoE of 17.7% implies that the Petronas Gas generated MYR17.70 on every MYR100 of money invested in the company. The median RoE for the Malaysian market is closer to 10%.

Petronas Gas’ high Return on Equity can be traced to its impressive Net Income Margin of 44.6%. It means that the gas infrastructure company produced MYR44.60 on every MYR100 of revenues. By comparison, stablemate Petronas Chemicals Group (KLSE: PCHEM; 5183.KL) generated MYR20.50 on every MYR100 of sales.

…

Leave a Comment » | Malaysia, oil and gas | Permalink
Posted by Wata

Govt loses around RM300m for every US$1 drop in oil prices, Dewan Negara told

May 28, 2016

So, if the government can maintain a balanced budget with oil at the current prices, will the rakyat be given RM150M for every US$1 rise? Probably the same time we see flying porcine products.

Dateline 2016-04-20, The Sun:

The government loses around RM300 million in oil revenue for every US$1 per-barrel drop in crude oil prices, said Deputy Finance Minister Datuk Johari Abdul Ghani.

Johari told the Dewan Negara that the global oil price has experienced a sudden drop, from US$115 per barrel (RM444.28) in June 2014 to US$30 per barrel in December last year.

“Just imagine how much the government lost due to the drop in global oil prices, from US$115 to US$30,” he said in response to a question from Senator Datuk Dr Johari Mat.

Dr Johari had asked about the impact of the drop in oil prices on Malaysia’s economy, particularly on its Gross Domestic Product.

The deputy minister replied that Malaysia was not badly impacted by the drop in oil prices as the economy was not dependent on the industry.

“In 2014, the oil industry only contributed about 30% to our revenue. This was reduced to 19% in 2015 and expected to drop to 14% this year.

…

 

Leave a Comment » | investment, Malaysia, Malaysian election | Tagged: | Permalink
Posted by Wata

Tax filing tips for retrenched employees in Malaysia

May 27, 2016

A PSA. I haven’t had a steady job for 2 years, though I am thankful that have enough income to pay corporate and personal zakat.

Dateline 2016-04-19, Astro Awani (yes, yes it is):

There has been a wave of retrenchments in Malaysia, which started last year, and signs are pointing that it will continue through 2016.

According to the Malaysian Employers’ Federation (MEF), more than 20,000 employees in Malaysia were laid off in 2015.

These lay-offs came from across the board, covering key sectors like oil and gas, banking, retail and manufacturing, the MEF reported.

Its president Datuk Shamsuddin Bardan explained that this was due to numerous factors, including the depreciating value of the Ringgit, escalating cost of living and the lack of new job openings.

…

 

Leave a Comment » | Malaysia | Permalink
Posted by Wata

SapuraKencana forced to restructure amid weak oil price

May 26, 2016

Bit early to restructure, ain’t it, after being profitable since going public?

Dateline 2016-04-16, Nikkei:

Malaysia’s largest oil and gas company by market capitalization will undertake a restructuring exercise effective June 1, that may involve “redundancies.”

The region’s oil and gas industry, including rig builders is suffering from a serious supply glut as oil producers cut spending on exploration and production in the face of weak oil prices. The so-called “rightsizing” of the industry’s operations is likely to continue.

SapuraKencana Petroleum‘s revelation comes less than a month after the oilfield services company announced a net loss of 791 million ringgit ($202.4 million) for the fiscal year through January. The loss, its first since going public in May 2012, was largely attributed to having to set aside higher provisions for the asset impairment setbacks it is suffering due to the commodities swoon that began in the second half of 2014.

…

Leave a Comment » | Malaysia, oil and gas | Tagged: | Permalink
Posted by Wata

Stay 500 metres away from oil rigs

May 24, 2016

You talking to us divers?

Dateline 2016-04-10, Borneo Post:

Fishermen have been advised to keep the safe distance or safe zone of 500 metres from oil rigs for their safety when out fishing in deepwater, said Marine Operations Force Sabah/Labuan Commander, ACP Mohamad Madun.

Fishing within the 500-metre safe distance of oil rigs would not only endanger fishermen but also offshore workers, he said.

“The 500-metre safe distance is based on standard SOP which must be observed and abided by all sea users such as fishermen, tour guides and fishing hobbyists.

“This is to ensure the public’s safety as well as safety of crewmembers working in oil rigs,” he said at a press conference during a dialog with local fishermen at SK Pulau Gaya yesterday.

Also present were Petronas General Manager of Sabah and Labuan Regional Office Julita Ontol and SK Pulau Gaya principal Jasmen Elahan.

…

 

Leave a Comment » | diving, Malaysia, oil and gas | Tagged: , , | Permalink
Posted by Wata

Saturday Star 2016-05-21– Job Opportunities

May 23, 2016

Happy Visit Banjarmasin week. 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.

  • Enquest is looking for a senior production engineer, Maximo support engineer,  instrument engineer, rotating equipment engineer. Send an email here.
  • A mate of mine is looking for a MD/EngMan type person to help run his engineering company (the main business is skid manufacturing). He can’t handle the work volume, so you know that his oil & gas company is bucking the trend, and has a bright future ahead. If I know you, send your CV’s to me. If I don’t know you, send your CV along anyway, but note I will contact your references. I am not getting a commission for this ad, you know.
  • I’m looking for fresh meat-ish, to help with a peak word period.
  • I’m looking for jobs for 3Q2016. Send me your POs.

Support your local bookshop!  Bookalicious at The Summit Subang is a good choice. I think they focus on trilogies, quadrilogies, and other ologies. Tell them I sent you, and enjoy the look of perplexity on their faces. Those of you who have dropped my name, thanks!

Food choice of the week? Any weight loss diet.

Let’s get a bit nostalgic with the book selection.

Wetter, Louder, Stickier: A Baby Blues Collection (Baby Blues Scrapbook), BBXX: Baby Blues: Decades 1 & 2, Bedlam

Leave a Comment » | Malaysia, oil and gas | Tagged: | Permalink
Posted by Wata

Mindef mulls over forward base to protect Sarawak waters

May 22, 2016

I wonder if Seaventures can rent out helideck space for drones?

Dateline 2016-04-06, Malay Mail:

Sarawak’s first forward operating base modified out of a decommissioned oil platform may be built in Bintulu waters to tighten security of the coastline town noted for its multi-billion ringgit oil and gas industry.

Defence Minister Datuk Seri Hishammuddin Hussein said it will be modelled after Sabah’s foward base which was completed with the cooperation of oil giant Petronas.

“If that (foward base) is suitable for implementation in Bintulu, with assistance from those in the oil and gas industry, we will be able to respond faster,” he told reporters after launching the national-level Army Veteran Entrepreneurs Carnival here today.

If the plan materialised, Hishamuddin said, the foward base would be able to operate as helicopter landing base, handling unmanned aerial vehicles, better known as drones, and station the special task force.

He said the matter will be discussed in detail with the oil and gas industry after the 11th state election as it was quite expensive to set up such facilities in the open sea.

…

 

 

Leave a Comment » | Malaysia, Malaysian election | Tagged: , | Permalink
Posted by Wata

Sabah Suspends All Barter Trades, Oil And Gas Activities Within ESSZONE

May 21, 2016

Dateline 2016-04-06, Malaysian Digest:

The Sabah state government has unanimously agreed to immediately suspend all barter trade activities as well as commercial petroleum and gas activities within the Eastern Sabah Security Zone (ESSZONE).

Chief Minister Datuk Seri Musa Aman said this was a proactive measure taken to curb kidnapping and abduction cases within the state’s waters.

The usage of ports in Kudat district to ferry passengers between Sabah and Palawan in the Philippines are also suspended with immediate effect, he said.

…

 

Leave a Comment » | Malaysia | Tagged: , | Permalink
Posted by Wata

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