Malaysia’s oil and gas industry on the road to recovery

August 19, 2017

Will you be driving down the road, or be decorative roadkill?

Dateline 2017-07-12, The Star:

There is optimism that the nation’s oil and gas industry is on the road to recovery, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

“If 2016 was the ‘year of tough decisions’ for the oil and gas industry, then 2017 could well be the year for the road to recovery,” he said when launching the 16th Oil and Gas Asia 2017 Exhibition.

He cited the examples of the Organisation of Petroleum Exporting Countries’ market forecast and recent survey by Reuters that Brent crude oil could average US$58.20 (RM250.12) per barrel this year as examples of positive signs for the industry.

“The interim Q4 (fourth quarter) and FY (financial year) of Malaysia’s state giant Petronas noted a 12% year-on-year growth in profit after tax despite revenues that were some 17% lower,” he said.

He added that Petronas had taken measures to reduce capital investment by 22% while cutting “controllable costs” by 8% last year.


Oil, Gas and Energy sector to see five per cent annual growth till 2020

August 18, 2017

Dateline 2017-07-11, NST:

Malaysia’s Oil, Gas and Energy (OGE) sector is targeted to grow five per cent annually until the year 2020.

Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said the government had mapped out various policies and incentives to spearhead the growth of the OGE sector as it is one of the key result areas in the ongoing Economic Transformation Programme (ETP).

“And as part of the ETP that will propel Malaysia forward into a truly developed nation, the OGE sector is targeting a five per cent annual growth until 2020.

“Entry Points Projects such as Enhanced Oil Recovery, regional storage solutions, and unlocking of premium gas demand among others, are targeted to contribute RM131 billion in incremental Gross National Income, and generate about 52,000 jobs by 2020.

Zahid was speaking at the 16th Asian Oil, Gas and Petrochemical Engineering Exhibition 2017 before launching the event.

 


Malaysia’s petroleum and natural gas sector posts 12.5pc annual growth for 2010-2015, says statistics dept

August 17, 2017

Dateline 2017-07-10, Malay Mail:

Malaysia’s petroleum and natural gas industry has registered a compound annual growth rate (CAGR) of 12.5 per cent from 2010 to 2015, with the number of establishments engaged in the industry rising to 157 from 87 over the period, said the Department of Statistics Malaysia (DoS).

In a statement today, it said the value of gross output amounted to RM120.4 billion compared with RM105.9 billion in 2010 (CAGR: 2.6 per cent).

“Extraction of crude petroleum and natural gas group recorded the largest value of RM108.9 billion, contributing 90.4 per cent, while support activities for petroleum and natural gas extraction group registered RM11.5 billion in 2015 (9.6 per cent),” it said.

 


Venturing upstream through Petros

August 15, 2017

Historical, but hey. Though, my memories of state owned industries being successful is not that great. And I would be more interested in the O&G roadshow. And the PSC terms for Petros.

Dateline 2017-07-05, Borneo Post online:

The state-owned oil and gas (O&G) company is expected to commence operations early next year.

According to Chief Minister Datuk Amar Abang Johari Tun Openg, ‘Petroleum Sarawak’ – or Petros – is going to be ‘100 per cent owned’ by the state government, which would then work together with national petroleum company Petronas.

“Hopefully, the name (Petroleum Sarawak) is OK – nobody will be using that name, Petros.

“The company is expected to be in operations within six month because we must get our side ready for us to get involved in the upstream oil and gas activities,” he told reporters after the launch of Board of Engineers Malaysia (BEM) roadshow here yesterday.

Abang Johari, who is also in-charge of Sarawak O&G, said at the moment the state does not have its own company that solely looks after upstream operations.

 


Saturday Star 2017-08-12 – Job Opportunities

August 14, 2017

Happy Paka 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, and they have moved adverts to another online presence (I bought a dead tree edition this week). 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 4Q2017. Send me your POs.

Food choice of the week? Mango Shake at Masjid an-Naim, Sura Jetty, Dungun.

Book choice of this week, Chemical Engineering Process Simulation, authors are Nishanth Chemmangattuvalappil Denny Ng Kok Sum Rafil Elyas Cheng-Liang ChenI,Lung Chien Hao-Yeh Lee. I intend to get a signed first edition, and place it in my Charles Dickens first edition cabinet.


Interview: Malaysia’s Petronas creating new LNG demand to ease supply glut

August 10, 2017

Dateline 2017-06-28, Platts:

The LNG markets have gone through sweeping changes over the past three years, with growing production and changing buying patterns forcing suppliers to be more creative, flexible and willing to take risks, and Malaysia’s Petronas seems determined to lead this trend, as the company explores new ways of expanding its customer base.

In an interview on the sidelines of the 19th Asia Oil and Gas Conference in Kuala Lumpur in May, vice president for LNG trading and marketing Ahmad Adly Alias and chief executive officer with Petronas LNG Ezhar Yazid Jaafar said Petronas is adjusting its business model to create new demand centers, by expanding to emerging markets and across the LNG value chain through joint venture partnerships.

“We want to become a solutions provider,” Alias said. “The market has now changed because the US model has taken a different approach, adding more liquidity and flexibility, so Petronas is also becoming more progressive, willing to change the way we operate.”


IEM Shout Out – 2017-10 Two-Day Course on Presentation Skills for Engineers & Technical Personnels

August 8, 2017

My technical division will be hosting a 2 day course on the 4th and 5th October 2017. It is worth 12 CPD points, and held at Wisma IEM. The course will be presented by Ir.Danaraj Chandrasegaran.

Learning Outcomes

At the end of the course participants will:
• Acquire better core presentation fundamentals.
• Will understand all the possible use cases for adopting Prezi in their own work processes.
• Will be able to create a basic Prezi presentation.
• Understand the purpose and value of powerful presentations
• Analyses audience needs and create presentations accordingly
• Set objectives and plan an appropriate structure
• Use your improved platform skills to answer audience questions with confidence
• Create an action plan to fine tune your presentation skills following feedback from the facilitator

Danaraj Chandrasegaran P.Eng MIEM CEng MIMechE. He is a Chartered Engineer and has honours degree in Mechanical Engineering from University of Technology Malaysia. He also holds a MEng degree in Mechanical Engineering from University of Malaya. He also presently a committee member with The Institution of Engineers Malaysia and Institution of Mechanical Engineers (UK) Malaysia Chapter. Since starting his career as a Mechanical Engineer, Danaraj has had a varied service; both in front line project execution as well as in technical, training, and management functions. His career has a diverse outlook on project execution ranging from building construction, marine, mining and energy industry; as a mechanical engineer. He has worked on several large-scale projects worldwide such as Shell Malikai TLP and Barzan Offshore Project. In addition, had edited and completed many large writing projects such technical reports, operating manuals and technical papers in the oil and gas industry.

Register here, or download the form here.


Saturday Star 2017-08-05 – Job Opportunities

August 7, 2017

Happy happy 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, and they have moved adverts to another online presence (I bought a dead tree edition this week). 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 4Q2017. Send me your POs.

Food choice of the week? Support your local institution that provides wifi, study opportunities and a safe and clean environment. Yes, eat at McDonalds today.

Book choice of this week, Chemical Engineering Process Simulation, authors are Nishanth Chemmangattuvalappil Denny Ng Kok Sum Rafil Elyas Cheng-Liang ChenI,Lung Chien Hao-Yeh Lee. I intend to get a signed first edition, and place it in my Charles Dickens first edition cabinet.


OGSE investments cross MPRC’S RM650m target

August 6, 2017

Dateline 2017-06-24, NST:

Malaysia Petroleum Resources Corporation (MPRC) has surpassed its target of RM650 million and brought in RM683.7 million worth of oil and gas services and equipment (OGSE) investments last year.

The governing body said it remained on track in its efforts to strengthen the OGSE industry in order to develop greater resilience and global competitiveness.

Last year, MPRC facilitated the establishment of regional headquarters for three OGSE multinational companies (MNCs) in Malaysia and assisted nine OGSE companies to bid for oil and gas (O&G) projects in six countries.

MPRC’s Corporate Report 2016, which was published on June 1, also highlighted the efforts to spur innovation and technology development across Malaysia’s OGSE supply chain.


First gas from Layang Field of Block SK10 offshore Sarawak, Malaysia

August 1, 2017

Dateline 2017-06-15, Your Subsea News:

Mr. Shunsaku Miyake, President and CEO of JX Nippon Oil & Gas Exploration Corporation is pleased to announce that its subsidiary JX Nippon Oil & Gas Exploration (Malaysia) Limited, the Operator of Block SK10 offshore Sarawak, Malaysia with a participating interest of 75%, commenced commercial gas production from Layang Field on 28 May, 2017.

Layang Field is located approximately 7 km east of the producing Helang Gas Field in Block SK10. Natural gas produced from Layang Field, together with natural gas from Helang Gas Field, will be supplied through subsea pipelines to the MLNG Tiga Sdn. Bhd. liquefaction plant in Bintulu, Sarawak, which is partly owned by JXTG Nippon Oil & Energy Corporation. The natural gas will be sold as LNG after liquefaction to its customers including buyers in Japan.