Longhouses near gas pipeline given fire safety talk

May 6, 2017

How exactly would these talks decrease the risks to the longhouses?

Dateline 2017-04-24, Borneo Post:

Zone 6 of the Fire and Rescue Department (Bomba) and Sabah Sarawak Gas Pipeline (SSGP) recently held a fire safety campaign for longhouses along the gas pipeline in Niah near here.

It was held at Clarence Unjun longhouse and involved fire safety working committees from nearby longhouses – Merudi Jalin longhouse, Robert Antas Gani longhouse, Sabang Empungan longhouse and Ngalantar Senggaling longhouse, including Clarence Unjun longhouse.

The campaign included auditing longhouses close to the SSGP gas pipeline to assess their level of fire safety.

The longhouse residents were taught on the security measures around the gas pipeline by SSGP and given fire safety talk and demonstration on how to use fire extinguishers by Bomba.

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Posted by Wata

Four UMS students awarded Repsol scholarships

May 5, 2017

Dateline 2017-04-25, Borneo Post:

Four engineering students from Universiti Malaysia Sabah (UMS) received their scholarship award from Repsol Oil & Gas Malaysia Limited (Repsol ) last Saturday. The scholarship would cover tuition fees, living allowances, purchase of a computer and opportunities for practical training and internships.

The deserving recipients were Nur Izzati bte Sukur (mechanical engineering), Verlon Vincent Lee, Nur Kamaliyah Dzil Razman and Arswitaa Baskaran (all chemical engineering). All except Arswitaa hail from Sabah.

They were among 16 recipients of the Repsol scholarship awards for 2017. The other 12 were drawn from Universiti Teknologi Malaysia (UTM) with 5 recipients, Universiti Malaya (UM) with 3 recipients and Universiti Sains Malaysia (USM) with 4 recipients, pursuing Bachelor’s and Master’s degree programmes.

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Posted by Wata

Challenges to persist for O&G companies

May 4, 2017

Dateline 2017-03-21, NST:

The worst is not over yet for oil and gas (O&G) companies as shale oil producers ramp up production and oil prices make a slow recovery.

Analysts and industry observers expect uncertainty to loom for the rest of the year as industry assumption remained at US$50 (RM221.50) a barrel.

Petroliam Nasional Bhd (Petronas) was more conservative, expecting an average of price of US$45 a barrel.

“We are maintaining our this year’s average Brent crude price at US$50 a barrel as we see more uncertainty with crude oil prices towards the downside bias,” said an analyst at MIDF Research.

Oil prices fell more than one per cent yesterday as investors made record cuts to bet on rising prices after strong drilling data from the United States fed concerns about the effectiveness of production cuts led by Organisation of the Petroleum Exporting Countries (Opec) to curb a supply glut, Reuters reported.

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Saturday Star 2017-04-29 – Job Opportunities

May 1, 2017

Happy ‘Already Seeing Dates for Ramadhan in Shops’ 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 3Q2017. Send me your POs.

Food choice of the week? The nostalgic food stall, near your parents home. McD Bangsar Baru does not count.

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

SEC expands gas distribution network

April 29, 2017

Dateline 2017-03-17, Daily Express:

Sabah Energy Corporation Sdn Bhd (SEC) is expanding its gas distribution network to reach out to new segments of energy users through the building of a plant that converts natural gas from its gaseous form to liquid, the first of its kind in Malaysia.

The State Government-linked company is embarking on the project in partnership with China’s Zhangjiagang Furui Special Equipment Co. Ltd (FURUISE) through the setting up a company known as SEC Gas Sdn Bhd.

The company is to build, own and operate the plant which will be located at the Kota Kinabalu Industrial Park (KKIP).

When launching the SEC’s third phase gas distribution initiative Thursday, Chief Minister Datuk Seri Musa Aman praised the company for taking the initiative to breathe fresh air to the State not only in the form of bringing new technology but also expanding the benefits of natural gas to a wider spectrum of energy consumers.

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Posted by Wata

Malaysia’s Petronas warns on 2017 outlook despite swing to Q4 profit

April 27, 2017

Dateline 2017-03-14, Reuters:

Malaysia’s Petroliam Nasional Bhd warned on Tuesday of a cautious outlook for 2017, although sharp cutbacks in expenses by the state-run oil major allowed it to swing to a fourth-quarter profit from a loss in the year-ago period.

Petronas maintained what it called a “conservative” outlook for this year – despite also posting a higher profit for 2016 – saying it expects oil prices to remain uncertain and that it will continue to pursue lower costs.

Petronas, as the company is known, is relying on lower operating expenses, job cuts and project rollbacks to help it navigate through a low oil price environment.

Malaysia relies on its only Fortune 500 company for nearly a third of its oil and gas-related revenue. Petronas is one of the country’s largest employers with a workforce of over 50,000.

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Posted by Wata

Saturday Star 2017-04-22 – Job Opportunities

April 24, 2017

Happy Pertabalan 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 3Q2017. Send me your POs.

Food choice of the week? The nostalgic food stall, near your parents home. McD Bangsar Baru does not count.

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)

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

Malaysia O&G services, equipment firms’ combined profit down 52% in FY15

April 23, 2017

Let’s see.. Yup, this is a optimistic reduction.

Dateline 2017-03-07, Astro Awani:

Malaysia Petroleum Resources Corp (MPRC) disclosed that overall profit for the Malaysian oil & gas services and equipment (OGSE) companies here slumped by more than half to 3.1 billion ringgit in financial year 2015. This is considering how badly the O&G sector was hit following the crude oil price crash.

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Posted by Wata

Malaysia’s Petronas Swings to Profit Amid Higher Oil Prices

April 22, 2017

Dateline 2017-03-14, Bloomberg:

Petroliam Nasional Bhd., Malaysia’s state oil company, swung to a profit last quarter amid higher oil prices and as the company recorded lower impairment costs.

Net income was 9.42 billion ringgit ($2.1 billion) in the three months through December, from a loss of 4.69 billion ringgit a year ago, the company said Tuesday. Revenue fell 2.6 percent to 58.6 billion ringgit.

While cost-cutting helped improve performance and the global oil market is expected to rebalance, the outlook remains uncertain, Chief Executive Officer Wan Zulkiflee Wan Ariffin told reporters in Kuala Lumpur. “We are preparing ourselves for a very uncertain second half of this year.”

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MPRC study shows Malaysian O&G companies more resilient than regional peers

April 19, 2017

Kipidap, as Rani Kulup would say.

Dateline 2017-03-06, The Edge:

The abrupt steep fall in global oil prices that has forced industry players to adjust to the “new normal” — low crude prices coupled with high cost pressures, Malaysian oil and gas services and equipment (OGSE) companies in fact fared better than regional and international players.

Speaking at the exclusive briefing organised by Malaysia Petroleum Resources Corp (MPRC), Malaysian Offshore Vessels Owners’ Association president Amir Hamzah Azizan said that the analysis showed the national oil and gas (O&G) industry is still resilient and stands a greater chance compared with other markets to rise from the current industry downturn.

“Let’s see this as an opportunity for our industry and country to rise from this downtrend. The landscape is changing globally but there is still great value in the industry,” Amir said.

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Posted by Wata

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