Japan’s JX, Petronas start Malaysia LNG train

February 21, 2017

Dateline 2017-01-24, Hellenic Shipping News:

JX Nippon Oil & Energy Corp said its venture with Malaysian state oil firm Petronas has started commercial operations at the ninth liquefaction train at the Petronas LNG complex in Bintulu, Sarawak.

The train, with a production capacity of 3.6 million tonnes of LNG per year, started on Jan. 1.

The launch of the ninth train comes at a time when U.S. LNG exporters are sending tankers to Asia to fill a gap in the region’s demand as markets have tightened more-than-expected on surging consumption in China and Pakistan, and because of Australia’s struggles to ramp up production.

But still, the LNG market remains well supplied, with available LNG capacity standing 45 percent above demand last year, according to Reuters Eikon data.

JX Nippon Oil, a unit of Japan’s biggest oil refiner JX Holdings, last June bought a 10 percent equity stake in a Petronas subsidiary that was developing the ninth train in Malaysia’s Sarawak state.

…

 

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Posted by Wata

Saturday Star 2017-02-18 – Job Opportunities

February 20, 2017

Happy Wata  IEM VP and Council Candidacy. Vote for me, and spread the word, wilya? 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 2Q2017. Send me your POs.

Food choice of the week? I would suggest visiting Sudu & Garpu, SS15.

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)

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

IEM Shout Out – Two Day Course, Business Communication for Success 2017-03

February 19, 2017

My technical division will be hosting a 2 day course on the 22nd and 23rd March, 2017. It is worth 12 CPD points, and held at Wisma IEM. The course will be presented by Ir. Danaraj Chandrasegaran, PEng, MIEM, CEng and Ms. Ratnavathy Ragunathan.

Learning Outcomes

At the end of the course participants will:
• Acquire better core writing fundamentals
• Learn strategies to help you speak and write more clearly
• Strengthen your public presentation skills
• Write more effective reports and other internal documents
• Use plain language to keep messages accessible

 

Ir. Danaraj Chandrasegaran, PEng, MIEM, CEng, MIMechE graduated from University Teknologi Malaysia in 2001 with Bachelor of Mechanical Engineering (Hons), subsequently, pursued his Master Degree in University of Malaya. He has published in international journals and conferences in the past. His career has a diverse outlook on project execution ranging from building construction, marine, mining and energy industry; as a mechanical engineer. He is also a Chartered Engineer of Engineering Council UK and Corporate Member of Institution of Mechanical Engineers (UK).

Ms. Ratnavathy Ragunathan graduated with B. Sc. (Computer Sc.) from University Putra Malaysia in 2002 and subsequently obtained M. Ed. (TESL), University of Malaya in 2012. She worked for both the industry and academia focusing on English Language teaching for adults and professionals. Her specialties are on Business English and Communication Skills; also, a Cambridge ESOL Certified Speaking Examiner. She has developed curriculums, written articles and presented papers on English Teaching with a global outlook. Currently, she is engaged with one of the leading English Language Centre in Kuala Lumpur.

 

Register here, or download the form here.

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

Shout Out – IGL HAZOP Training 2017-04

February 18, 2017

Yup, IGL is pivotting, and going into training. I’m giving the training, so please turn up in droves. The course is HAZOP for team members on the 18th April 2017 at the PJ Hilton. Register now!

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

Saturday Star 2017-02-11 – Job Opportunities

February 13, 2017

Happy Wata  IEM VP and Council Candidacy. Vote for me, and spread the word, wilya? 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 2Q2017. Send me your POs.

Food choice of the week? I would suggest visiting Sudu & Garpu, SS15.

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

LUNDIN BOOKS $549MN IMPAIRMENT

February 9, 2017

Dateline 2017-01-19, Natural Gas World:

Sweden-based Lundin Petroleum announced January 19 a net 4Q2016 upstream impairment charge of $549mn ($632mn gross, offset by a $83mn tax credit) after having taken gas discoveries offshore Malaysia and oil found in the Russian Caspian off its balance sheet.

Lundin said it’s now unlikely any of the discoveries — offshore Sabah in east Malaysia, plus the Tembakau gas find offshore peninsular Malaysia, as well as the Morskaya find in the Caspian — can be commercialised in the near future. It did go into further detail on why they are unlikely to be developed. The affected Malaysia reserves are 60.6mn barrels of oil equivalent; those at Morskaya are 110.1mn boe.

…

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

‘Falling gas prices more of a threat’

February 7, 2017

Dateline 2017-01-13, NST:

Lower gas price is a bigger threat to Malaysia’s economic fundamentals than weaker oil prices in the long term, said an expert. Employees Provident Fund head of economics and capital markets Nurhisham Hussein said Malaysia, being a net exporter of gas, was exposed to tighter competition in the global market, which could jeopardise the country’s trade value. “The global gas market competition continues to get tighter with the United States having just started supplying gas last year at a more competitive price. “We are also in competition with Qatar and Australia, among others. Buyers now have the power to negotiate for lower prices,” he said at the International Fund Forum 2017, here, yesterday. The one-day forum was organised by the Securities Commission Malaysia (SC)

…

 

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

Saturday Star 2017-02-04 – Job Opportunities

February 6, 2017

Happy Wata  IEM VP and Council Candidacy. Vote for me, and spread the workd, wilya? 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 2Q2017. Send me your POs.

Food choice of the week? I would suggest visiting Sudu & Garpu, SS15.

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

Petronas to rein in 2017 capex?

February 5, 2017

Dateline 2017-01-12, NST:

NATIONAL oil firm Petroliam Nasional Bhd (Petronas) is expected to rein in capital expenditure (capex) this year.

Hong Leong Investment Bank (HLIB) said despite the expected firmer oil prices this year, it would not bring about a significant catalyst for the local oil and gas (O&G) sector.

“It is not news that this year will be a better year for O&G market as the Organisation of the Petroleum Exporting Countries (Opec) has decided to reverse its decision to flood the market with its oil earlier in 2015.

…

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

Now Petronas subsidiary is leaving Labuan

February 4, 2017

Dateline 2017-01-08, Daily Express:

A long-time big player in the oil and gas industry here – Petronas Carigali Sdn Bhd (PCSD) – has moved its operations to its own supply base at Bintulu Port, Sarawak, effective January 1.

A notice issued by the company advised its service providers and vendors that the delivery point for its materials would now be the East Logistics Command Centre (ELCC) at the Bintulu Port.

Industry sources reacting immediately to the latest development said it was certainly bad news for Labuan but good news for Sarawak which, not long ago, had acted firmly on Petronas to increase Sarawak’s opportunities in its employment.

PCSD had a strong presence here and had helped to raise the profile of the island as a significant oil and gas hub.

The company had been serving as an anchor tenant at the Asian Supply Base (ASB) which has often been described as a fully integrated logistics hub for oil and gas. ASB is a fully Sabah-owned entity and was established in 1985 when Tan Sri Harris Salleh was the Chief Minister of Sabah.

…

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

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