Saturday Star 2015-08-15– Job Opportunities

August 24, 2015

Happy First Hajj Flight Week. Donate to your favourite charity, 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.

  • I’m looking for jobs for 4Q2015. Send me your POs.
  • 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 much in the news. Has The Star dropped out of favour? I see more job adverts on the facebook private groups.

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? IGL’s open house and client / associate open day, of course.

Seen the Episode VII new trailer? If you say “What is episode Vii?”, I disown you.

Join the Star Wars Fever:

Star Wars Trilogy Episodes IV-VI (Blu-ray + DVD), Star Wars Trilogy Episodes I-III (Blu-ray + DVD), Heir to the Jedi: Star Wars

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

MPRC applauds Platts’ move towards FOB Straits benchmark

August 23, 2015

Why isn’t Abang Yazid a Datuk yet?

Dateline 2015-07-07, The Borneo Post:

The Petroleum Resources Corporation (MPRC) has applauded Platts’ recent move to approve four terminals in southern Malaysia as part of the free-on-board (FOB) Straits oil benchmark pricing which is the process of price assessment for refined oil products.

The four terminals are Pasir Gudang, Tanjung Langsat, Pengerang and Tanjung Bin.

In a statement yesterday, MPRC said with the FOB Straits, market participants would have broader options for loading terminals from which to meet an approved FOB Straits bid.

“As a result, all market participants will benefit from a more efficient market with more transparent price discovery,” it said.

Platts is a global energy, petrochemicals and metals information provider with a premier source of benchmark price reference.

…

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Posted by Wata

Analysts see subdued 2Q15 for O&G industry

August 22, 2015

You know the duit raya you received? Maybe now is a good time to think of investing in O&G stocks.

Dateline 2015-07-06, Borneo Post:

Analysts expect the second quarter 2015 (2Q15) results for oil and gas (O&G) companies to continue to be weak, reflecting slower activities and vessel utilisations.

Kenanga Investment Bank Bhd’s research arm (Kenanga Research) in a report, said the full effect of rate cuts is expected to only be felt earliest in the second half of 2015 (2H15) and will mainly affect Petronas-dependent stocks as compromise for discounts on existing contracts could be finalised during that time period.

However, it pointed out, “We expect contract flows to be stronger in 2H15 compared to 1H15 as oil prices stabilises and oil majors finished recalibrating their capital expenditure (capex) plans to operate optimally under the current oil price scenario.”

The research team, nevertheless, believed the overall, earnings for the sector in general are expected to decline year-on-year.

…

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Posted by Wata

MOGEC Shout Out – Full-Day HAZOP Training For Team Members – A Practical Approach

August 21, 2015

MOGEC will be hosting a 1 day course (our second in my memory) on the 9th September, 2015. It is worth 6.5 CPD points, and held at Saloma Bistro. Since I’m giving it, I expect hoards will have to be turned away at the gates.

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.

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

Contact MOGEC directly, Apparently, I don’t rate a space on the site.

HAZOP Training flyer

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Posted by Wata

Most oil firms plan same or bigger bonuses this year despite oil price plunge

August 21, 2015

PETRONAS expects a 30% cost cut from suppliers with the same amount of goods, blood and payback, yet multinationals are still shelling out bonuses. Oi, boss, where’s my bonus?

Dateline 2015-07-06, The Star:

Notwithstanding the plunge in oil prices last year, nearly all global oil and gas (O&G) companies expect to pay about the same, if not larger, bonuses this year.
According to a global survey by professional services company Towers Watson, 90% of the O&G firms planned the same bonus payout as the previous year, if not more.
How about Malaysia? Well, all companies surveyed here will be paying out bonuses, with more than half planning to pay higher bonuses compared to the year before.
In Asia-Pacific, 66% of O&G firms are expecting to pay larger bonuses than last year – higher than in Latin America (60%), EMEA (Europe, Middle East and Africa) (50%), and North America (about 30%).
…

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Posted by Wata

Petrol prices not solely set by crude oil prices

August 20, 2015

Dateline 2015-07-02, Malaysiakini:

Petrol prices at the pump have gone up by 10 sen to RM2.15 per litre for RON95 and 20 sen to RM2.55 for RON97 for the month of July 2015. This is despite the price of Brent crude oil per barrel trending downwards for the month of June 2015 versus May 2015.

However, retail petrol prices have gone up because the price of Brent per barrel is only one component out of several which go into the calculation of the Mean of Platts Singapore (MOPS) benchmark price which is used under Malaysia’s managed float system which came into place on Dec 1, 2014.

From then onwards, retail petrol prices are set based on a month-to-month basis based on an average of MOPS prices plus a fixed margin for oil companies and retailers.

…

 

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Posted by Wata

We only produce the oil, Putrajaya sets price, says Petronas chairman

August 18, 2015

Dateline 2015-07-02, TMI:

Petronas denies controlling the price of petrol in the country, saying the government is the only party responsible.

Speaking to media at a corporate social responsibility (CSR) event in Kuching last night, Petronas chairman Tan Sri Sidek Hassan said Putrajaya determines the price for RON95 and RON97 from the market price for crude oil, the Borneo Post reported.

“It has been agreed that petrol pump prices is based on the government’s decision, and is tagged to the market. So when the market moves up then it will go up and vice versa.

…

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Posted by Wata

IEM Shout Out – One-Day Workshop on “Essential Soft Skills for An Engineer to Fast Track the Career Ladder”

August 18, 2015

My technical division will be hosting a 1 day seminar on the 29th September , 2015. It is worth 6.5 CPD points, and held at Wisma IEM. The course will be presented by Ir. Low Chew Eow (Rocky). Those who want to figure out why there aren’t communicating as efficiently as they should, attend

The seminar will address some of the important soft skills needed to be acquired and sharpened such as:
–  Communication skills
–  Good attitudes to have and to focus on
–  Producing high quality e-mail
–  E-mail ethics
–  Reporting skills to various stakeholders
–  Planning skills
–  Task identifications and delegation skills

Ir. Low Chew Eow (Rocky) graduated from the University of Glasgow with a degree in Mechanical Engineering in 1990. He has more than 24 years of working experience in various roles. He is appointed as Industry Advisor of Universiti Tunku Abdul Rahman, Faculty of Engineering and Science.

He is currently the Head of Package Equipment Department in Technip Consultant (M) Sdn. Bhd. He is also the Member of Expert Network specializing in Pneumatic Conveying System within the Technip group. He has presented talks at the Institution of Engineers, Malaysia.

Register here, or download the form here.

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Posted by Wata

Saturday Star 2015-08-15– Job Opportunities

August 17, 2015

Eid Mubarak. May Allah accept my efforts, and yours. Donate to your favourite charity, 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.

  • I’m looking for jobs for 4Q2015. Send me your POs.
  • 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 much in the news. Has The Star dropped out of favour? I see more job adverts on the facebook private groups.

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? Whatever open house is closest to you.

Seen the Episode VII new trailer? Ff you say “What is episode Vii?”, I disown you.

Join the Star Wars Fever:

Star Wars Trilogy Episodes IV-VI (Blu-ray + DVD), Star Wars Trilogy Episodes I-III (Blu-ray + DVD), Heir to the Jedi: Star Wars

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

Gas Malaysia’s Growth Is in the Pipeline

August 15, 2015

Dateline 2015-06-23, Barron’s:

“Keep it simple, stupid” has been the catch-cry of investment legends like Warren Buffett and Peter Lynch.

These heavyweights of investment lore have opined on the attractiveness of businesses that offer simple, easy to understand business models that provide a clear picture of how revenues and profits are generated. One of Buffett’s rules is that if you can’t understand what a company does after five minutes, then move on.

It appears Gas Malaysia (GASMSIA.MY) has taken that sage advice on board. The distributor of natural gas in peninsula Malaysia has made the job for analysts very simple,with a new regulatory regime for the pricing of natural gas providing share price prognosticators much clearer visibility on the stock’s earnings.

Coming to grips with regulatory regimes for utility stocks can be deathly boring. And Gas Malaysia is no different. However, understanding the company’s plans to adopt a so-called incentive-based regime (IBR) helps explain why there has been a round of earnings upgrades and ratings changes for a stock that has fallen 21% this year compared to a 2% decline in the Kuala Lumpur Composite Index.

…

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

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