Malaysia cuts average natural gas price for non-power sector users

February 3, 2017

Dateline 2016-12-29, Nikkei Asian Review:

Malaysia has decided to cut the average natural gas price by 2.74% for users in the non-power sector for the first six months of next year, a move that analysts said will help lower costs for export-reliant manufacturers such as glove-makers.

The average base tariff of 26.31 ringgit ($5.9) for every million British Thermal Unit will be effective January 1, the Energy Commission said in a statement, compared to the current rate of 27.05 ringgit for each unit. Natural gas prices in Malaysia are controlled by the government and reviewed every six months.

“The base tariffs for this regulatory period are expected to contribute positively towards the financial position of the company for the next three financial years,” Gas Malaysia, the sole supplier of reticulated natural gas in Malaysia, said in a separate statement to the stock exchange.
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Posted by Wata

IEM Shout Out – 2017-02 One-Day Course on “Effective Email Writing”

February 2, 2017

My technical division will be hosting a 1 day  course on the 16th February, 2017. It is worth 6.5 CPD points, and held at Wisma IEM. The course will be presented by Ir. Danaraj Chandrasegaran

CEmail is a problem that is hiding in plain sight – one which few people will tackle. We all use email every day. Yet, too often, email fails to be the effective communication tool it deserves to be. Simple mistakes are often a large part of the problem. Emails are more likely than other kinds of work to be littered with spelling and grammar errors. More fundamentally, poor structure can result in overlong emails that fail to get their key message across. And poorly worded emails can lead to disputes between colleagues or with clients, causing disrupted workflows and needless stress.

But it doesn’t have to be this way. Used correctly, email gets ideas across quickly and with a minimum of effort. Rather than a barrier to action, it can be the opposite: an invaluable tool for making sure that everything your team need to happen, happens. That’s why we’ve developed this course. It’s specifically designed to help your team claw back the time lost to poorly written emails. The end result is clear, professional emails, that let your team hit ‘send’ with confidence.

This one-day course is designed to help you develop skills that will enable you to produce clear and effective email documents. We will focus on the basic principles of good writing which email writing shares with other forms of writing and on types of documents common in technical fields and organizations. Participants learn the protocol for email writing. Subjects include punctuation, grammar and “SCRAP” techniques.  Participants also may choose to bring a sample of their writing/ presentation/ commonly faced issues in the work place for one-on-one feedback

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).
Register here, or download the form here.

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

PETRONAS TO PRODUCE LESS PETROLEUM NEXT YEAR? BUT WHY NOW!?

January 31, 2017

Dateline 2016-12-28, Cili Sos:

You don’t need to be an economist to see how badly our economy is doing. Oil prices have been going down worldwide and that (coupled with other factors of course), has really taken a toll on our Ringgit.

In a previous article about Petronas, we mentioned that this one company alone supplies 30% of our country’s GDP (and some say 40%). In fact, the oil price drop hit Petronas so heavily that the first half of 2016 has not been kind to Petronas. They announced in August this year that their profits had fallen a staggering 96% when compared to their profits at the same time last year.

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Saturday Star 2017-01-28 – Job Opportunities

January 30, 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

Malaysia’s national oil company to reduce crude oil output by 20,000 barrels per day

January 27, 2017

Dateline 2016-12-21, The Star:

Petroliam Nasional Bhd (Petronas) will reduce its crude oil output up to 20,000 barrels per day starting from January 2017 in line with the oil producers’ move to shore up oil prices.

The national oil company said the voluntary adjustment was based on the prevailing market conditions and prospects and based on Malaysia’s average production for this year.

Petronas said the adjustment followed the pact made in Vienna, Austria on December 10 between the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC producers.

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Posted by Wata

Petronas to announce output cut quantum soon

January 26, 2017

Old news, but good(?) news.

Dateline 2016-12-20, The Sun:

Petroliam Nasional Bhd (Petronas) will announce soon the quantum of reduction for Malaysia’s 2017 crude oil production as agreed to at a meeting of Organisation of the Petroleum Exporting Countries (Opec) and non-Opec members in Vienna, Austria, said Minister in the Prime Minister’s Department Datuk Abdul Rahman Dahlan.

The meeting agreed that non-members of Opec would have to cut down by 558,000 barrels per day (bpd) for six months beginning Jan 1, 2017.

Speaking to reporters after launching the 15th Edition of the Malaysia Economic Monitor report published by the World Bank, Abdul Rahman said the cutback by Malaysia and other non-Opec as well as Opec members was aimed at shoring up crude oil prices by stabilising global oil supply, normalising the market and regaining investor confidence.

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Posted by Wata

Malaysia oil output to hover at 600,000-630,000 barrels daily next year

January 24, 2017

Dateline 2016-12-19, Malay Mail:

Petronas will slash oil production in 2017 to between 600,000 and 630,000 barrels per day (bpd), from the average of 693,000bpd in 2015 and 654,000bpd over the past five years, a source with knowledge of the matter told Malay Mail.

The at least 60,000bpd cut from last year’s average is larger than analysts expected, with Morgan Stanley predicting only a 20,000bpd cut for Malaysia while the Organisation of Petroleum Exporting Countries (Opec) had initially indicated a 35,000bpd decrease in production.

Malaysia’s crude oil production from January to March this year averaged 676,000bpd.

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Posted by Wata

Saturday Star 2017-01-21 – Job Opportunities

January 23, 2017

Happy Visit Indonesia 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 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

Subdued but improving oil and gas industry in 2016

January 22, 2017

Dateline 2016-12-18, Malay Mail:

The oil and gas industry endured another challenging year in 2016 as the global supply glut continued to haunt the market, pushing global crude oil prices to their lows.

In fact, benchmark Brent dived to as low as US$27.88 per barrel in January from a high of US$114.81 recorded in June 2014.

Save for the intervention by the Organisation of the Petroleum Exporting Countries (Opec) in December, which injected some positive vibes to prices, the industry was mostly quiet with little news making the headlines throughout the year.

The decline in oil prices has also forced the government to recalibrate the 2016 Budget in January as the initial budget tabled in Parliament in October 2016 forecast oil price to average US$48 per barrel this year.

Bank Islam Malaysia Bhd Chief Economist Dr Mohd Afzanizam Abdul Rashid described the sector this year as weak in various fronts.

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

In the waters off Malaysia Shell finding gas quickly and cheaply

January 21, 2017

Dateline 2016-12-14, The Star:

In the waters off Malaysia, Royal Dutch Shell is finding gas quickly and cheaply to replenish depleting fields where only a few years ago geologists had lost hope of discovering any new reserves.

The Anglo-Dutch group is combining the latest technology with the wisdom of industry veterans to unlock new oil and gas deposits where it already operates, usually within 20 km (12 miles) of existing platforms.

The result has been a string of finds which, while modest in size, can generate cash rapidly to suit an era of drastically reduced exploration budgets across the energy industry.

After a costly flop in Alaska, Shell has turned away from giant “frontier” projects, focusing instead on exploring closer to home, such as in Malaysia where it has been producing oil for more than a century. Many of its rivals are following suit.

“With new data, new seismic and new brain power you can find extraordinary amount of hydrocarbons for the future,” Ceri Powell, Shell’s head of exploration, told Reuters.

Analysts say the industry will still need large discoveries in areas where the risk of failure is greater, but the cheaper and easier approach is paying dividends in the short term.

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