At one of the IChemE Oil & Natural Gas Special Interest Group (SONG) events, I caught up with Jeff Jones.
IChemE – SONG
April 6, 2016
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Chemical, Malaysia | Tagged: IChemE, Jeff Jones, SONG | 
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Posted by Wata
Lower oil price is not a valid reason: SAPP
April 5, 2016Dateline 2016-02-13, Daily Express:
Lower gas price is not a valid reason for the cancellation of the Lahad Datu Regasification Terminal which could have helped alleviate the energy woes of Sabah’s east coast region.
Sabah Progressive Party (SAPP) President Datuk Yong Teck Lee said the project was approved in 2012 and scheduled to be completed in 2015 and by the time oil and gas prices began to fall in the middle of last year, the project would have been completed or near completion.
“In any case, why would lower gas prices affect the Regasification Terminal investment? Would not lower gas prices make it more viable for our energy producer to produce cheaper electricity?” he said in a statement here, Friday.
Yong added that lower gas prices only means that Petronas Gas makes less profits from Sabah’s oil and gas.
…
Leave a Comment » | investment, Malaysia | Tagged: Lahad Datu, regasification, Sabah, Yong Teck Lee | Permalink
Posted by Wata
Saturday Star 2016-04-02– Job Opportunities
April 4, 2016Happy Back to Home work. Donate to your favourite charity (me), buy my recommendations, or through my Amazon store. Or get the Young Turks series (all 4 books). 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’m looking for jobs for 3Q2016. Send me your POs.
- Nothing in the papers this week.
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
Leave a Comment » | Malaysia, oil and gas | Permalink
Posted by Wata
SC okays Sona Petroleum’s oilfield buy, notes ‘unfair’ price
April 3, 2016You gotta read the full article, you shareholders, to figure out ‘unfair’ to who?
Dateline 2016-02-12, The Star:
Sona Petroleum Bhd has received the Securities Commission’s (SC) conditional approval to acquire the Stag Oilfield offshore Western Australia although the regulator also noted that the purchase price of US$50mil (RM207.8mil) was deemed “not fair” by an independent expert.
The special-purpose acquisition company (SPAC) told Bursa Malaysia that the SC had noted that technical and asset valuation expert Gaffney, Cline and Associates (Consultants) Pte Ltd (GCA), in its valuation report dated Jan 20, considered the purchase price “not fair”.
…
Leave a Comment » | investment, Malaysia | Tagged: Sona Petroleum, SPAC, Stag | Permalink
Posted by Wata
Terminates pact to develop regasification plant in Sabah
April 2, 2016Dateline 2016-02-11, Nikkei Asean Review:
Petronas Gas and Sabah Energy Corporation have mutually terminated a pact to jointly develop a liquefied natural gas project in the Malaysian state of Sabah.
“In view of the prolonged uncertainty of the regasification terminal Lahad Datu Project, the parties to the Shareholders Agreement have mutually agreed to terminate the said SHA effective 10 February 2016,” Petronas Gas said in a stock exchange filing.
In September 2013, Petronas Gas, which processes natural gas and operates pipelines in Malaysia, had offered Sabah Energy to acquire up to a 20% equity stake in the project. The estimated 0.76 million metric ton per year plant was scheduled to start operation last year but a violent insurgency in 2013 led to an indefinite suspension of the project.…
Leave a Comment » | investment, Malaysia, oil and gas | Tagged: Lahad Datu, petronas gas, regasification, Sabah Energy Corporation | Permalink
Posted by Wata
Petronas, Dialog abort RM3.5bil Sarawak offshore projec
March 29, 2016Ah, now I know one reason Dialog Offshore Engineering shut down.
Dateline 2016-02-04, The Star:
Petroliam Nasional Bhd (Petronas), Dialog Group Bhd and Australia-based petroleum company Roc Oil Co Ltd have aborted a proposed project estimated to cost more than RM3bil to develop and produce petroleum off Bintulu, Sarawak.
In a filing with Bursa Malaysia, Dialog said the small field risk service contract to develop the Balai cluster fields was terminated due to the difficult business environment and persistently depressed oil price.
The oil and gas-based technical services provider said BC Petroleum Sdn Bhd — which is 32% owned by its unit Dialog D&P Sdn Bhd, 48% by Roc Oil Malaysia (Holdings) Sdn Bhd and 20% by Petronas Carigali Sdn Bhd — had ceased operation and had on Wednesday signed a termination by mutual agreement with Petronas.
…
Leave a Comment » | Malaysia, oil and gas | Tagged: Dialog, Petronas, Roc Oil | Permalink
Posted by Wata
Saturday Star 2016-03-26– Job Opportunities
March 28, 2016Happy Back to Home work. Donate to your favourite charity (me), buy my recommendations, or through my Amazon store. Or get the Young Turks series (all 4 books). 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’m looking for jobs for 3Q2016. Send me your POs.
- I believe PETRONAS is looking for an Advisor. Only applicants who reply ‘how high’ when ask to jump by the powers that be, need apply.
- An associate of mine is looking for a technical safety part-time adviser. 2 Associates, actually. Needs to be needle sharp with respect to QRAs, and HSE safety cases. A calm demeanor to handle nonsensical questions from young engineers helps as well. Either that, or a drinking problem.
- Nothing in the papers this week. See Happy note above.
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
Leave a Comment » | Malaysia, oil and gas | Permalink
Posted by Wata
Shell agrees to sell its shareholding in the Shell Refining Company in Malaysia to Malaysian Hengyuan International Limited (MHIL)
March 27, 2016And China continues to buy their way into Malaysia.
Dateline 2016-02-01, Oil & Gas News:
Shell has reached a conditional agreement with Malaysian Hengyuan International Limited (MHIL) for the sale of its 51% shareholding in the Shell Refining Company (SRC) in Malaysia for $66.3 million. It is MHIL’s intention for SRC to invest in the upgrades needed to meet the Euro 4M and Euro 5 requirements. The transaction is expected to complete in 2016, subject to obtaining regulatory approval.
Shell Malaysia Trading will ensure security of supply to its retail and commercial customers in Malaysia and honour other existing commitments through an existing comprehensive supply strategy that includes a long term offtake from Shell Refining Company.
The sale is consistent with Shell’s strategy to concentrate its global Downstream footprint and businesses where it can be most competitive. Malaysia continues to be an important country for Shell. Shell is the leading retail fuels and lubricants provider and continues to invest in growing these businesses in the country.
…
Leave a Comment » | business opportunity, Malaysia, oil and gas | Tagged: Hengyuan, Shell, SRC | Permalink
Posted by Wata
Lundin Petroleum signs farm-out agreements in Malaysia
March 26, 2016This legal, and does PETRONAS know? MPM, speak up.
Dateline 2016-02-01, Your Oil & Gas News:
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has signed farm-out agreements (FOA) with certain wholly owned subsidiaries of DYAS B.V. (“DYAS”) for part of its working interests across three Production Sharing Contracts (PSC) in Malaysia.
Ahead of the recently commenced exploration campaign in the Sabah region, offshore East Malaysia, Lundin Malaysia has entered into farm-out agreements with DYAS covering Blocks PM328, SB307/308 and gas holding areas in SB303 with an effective date of 1 July 2015.
The terms of the farm-out agreements are as follows;
1. PSC SB307/308: DYAS to be transferred a 20 percent working interest for paying a promote on certain forward costs in relation to the upcoming exploration campaign on Block SB307/308 in the Sabah region offshore East Malaysia.
…
Leave a Comment » | investment, Malaysia | Tagged: Dyas, Lundin | Permalink
Posted by Wata
IEM Shout Out – 2016/04 Full-Day HAZOP Training For Team Members – A Practical Approach
March 25, 2016My technical division will be hosting a 1 day course on the 28th April, 2016. It is worth 6.5 CPD points, and held at (wait for it) Hilton PJ. 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 study is a formal and systematic and detailed examination of the process and engineering intentions of new or existing facilities which assesses the hazard potential and effects on the facility as a whole when operation is outside of the design envelope, or individual items of equipment malfunction.
This course is designed to educate participants in the HAZOP process from the perspective of a HAZOP team member. It is meant to provide both instruction and workshop sessions so that the participants:
- Are familiar with the concept of ‘risk’
- Are familiar with the theory behind HAZOP
- Are familiar with the actual HAZOP workshop process
- Have expectations as to what the HAZOP will (and won’t provide)
- Understand what deliverables can be expected from a HAZOP
- Have the opportunity to participate in HAZOP exercise in a safe environment
- Opportunity to share HAZOP experiences
At the end of the session, the participants should:
- Understand the responsibilities of all parties in the HAZOP
- Have experience in a HAZOP session.
- Understand the outcomes from a HAZOP session
Wata has 19 years of experience in the oil and gas industry, in both design and operations.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: course, HAZOP, IEM, razmahwata | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 