O&G firms’ earnings unlikely to shrink further

July 25, 2016

Really? Mine are shrinking, along with other things due to stress generated by the ongoing business climate.

Dateline 2016-06-15, NST:

Earnings of local oil and gas (O&G) firms are not likely to shrink further as the downtrend in crude prices has largely stabilised and even tested new highs recently, analysts said. The 31 listed O&G companies saw aggregate 2015 revenue drop a moderate 18 per cent but pre-tax profit plummet 57 per cent, exacerbated by the impairment of assets and intangibles. RAM Ratings expects average Brent crude price of US$40 (RM163.60) a barrel this year and US$45 a barrel next year. It said crude prices are likely to stay volatile in the coming months, pressured by a slew of uncertainties over supply growth and concerns on unsustainable consumption growth in major consumer markets.

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Sarawak seeks to regulate Petronas activities within state

July 24, 2016

Dateline 2016-06-15, Malay Mail:

Sarawak Chief Minister Tan Sri Adenan Satem announced today the state government’s plans to regulate the seabed and subsoil activities of national oil company Petronas and its contractors within its territory.

He said Sarawak’s regulatory framework would be based on relevant state laws to which Petronas and its contractors would have to abide.

“Petronas, a corporation having rights to prospect and mine petroleum both offshore and onshore under the Petroleum development Act, 1974, will have to be regulated and abide by the provisions of the Oil Mining Ordinance of Sarawak and the Land Code in regard to the use and occupation of State Land within the boundaries of Sarawak for the prospecting and mining of petroleum,” he said when winding up the debate in the state assembly here.

He said the Land Code of Sarawak, which came into effect on January 1, 1959, defines “state land” to include the seabed and subsoil which forms part of the continental shelf by virtue of an Order made by the British Queen while Sarawak was still a Colony.

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Shell Sees Malikai Project in Malaysia as Boosting Deepwater Ambitions

July 22, 2016

Dateline 2016-06-14, Rigzone:

Royal Dutch Shell plc planned to stay at the forefront of the global deepwater oil and gas industry and the Malikai deepwater tension leg platform (TLP) project offshore Sabah, Malaysia would strengthen its position in achieving the goal, Chairman of Shell Malaysia Iain Lo revealed at the sail away ceremony Friday marking the completion of onshore fabrication and commissioning of the Malikai TLP, local media Borneo Post reported Monday.

“The merger with BG Group demonstrates Shell’s commitment to deepwater and in Malaysia, this commitment will translate to continued development and exploration in the deepwater,” he said.

A joint venture comprising France’s Technip S.A. and Malaysia Marine and Heavy Engineering Holdings Berhad (MMHE) completed onshore fabrication and commissioning of the 27,500-ton TLP, the first to be designed and fabricated in Malaysia, at Pasir Gudang, Johor, earlier this month. The TLP will soon be transported 870 miles (1,400 kilometers) to the Malikai oil field, located 62 miles (100 kilometers) offshore Sabah in water depths of 1,640 feet (500 meters), for installation.

When ready for first oil in 2017, the Malikai deepwater project — which has been developing as planned and on budget — will have a peak production of 60,000 barrels per day.

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IEM Shout Out – Technical Visit To Technical Visit to PETRONAS Penapisan (Terengganu) Sdn Bhd

July 21, 2016

This is a shout out for the IEM. My Technical Division will be having a visit on Sunday 21st August, 2016.  Trip starts at 7.00am.

PETRONAS Penapisan (Terengganu) Sdn Bhd – PP(T)SB was incorporated in 1982 to meet a need to process and add value to the indigenous crude from offshore Terengganu, as well as to secure reliable, efficient, safe and cost effective supply of refined petroleum products to the PETRONAS Group of Companies. PP(T)SB has proven its capability in providing efficient, safe, reliable uninterrupted supply of petroleum products such as gasoline, LPG, diesel, jet fuel, naphtha and Low Sulphur Waxy  Residue (LSWR) to its domestic customers and also exported to several overseas destinations. PP(T)SB has been entrusted to manage and operate the Aromatics plant complex, which is owned by 70% PETRONAS Chemical Aromatics Sdn Bhd (PC AROMATICS) and 30%  Mitsubishi Corporation & JX Nippon Oil & Energy Corporation – (MJPX Co. Limited), that produces paraxylene and benzene. Quality and HSE ranks high in PP(T)SB’s business operations as it strives to ensure that existing petroleum products specifications are met and employees are regularly trained on strict HSE measures to inculcate and maintain high level of awareness on the impact of the refinery’s operations to natural surroundings. Towards this end, PP(T)SB received the MS ISO 9002, ISO 14001, ISO/IEC 10725 and received several national level HSE awards such as MSOSH Gold Award, Notable Achievement and Terengganu State Award in Prime Minister’s Hibiscus Award 2012/2013.

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You can register here and download the flyer here.

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IEM Shout Out – Introduction to Oil and Gas Industry – An Engineering Design Perspective

July 20, 2016

My technical division will be hosting a 1 day seminar on the 17th August, 2016. It is worth 6 CPD points, and held at Wisma IEM. The course will be presented by Ir. Mohammad Adnan Sujan.

This course aims to share basic fundamental design and development knowledges in the Oil and Gas industry. It exposes the participants to the design methodology and general concepts in the engineering and construction side of the industry.

It starts off with an understanding of oil and gas formation, characteristic and reservoir fundamentals. Then it touches upon the topics of surveying and drilling activities. Next, it explains the concept of oil and gas offshore complex and its specific offshore structures. Brief explanations of the offshore platform types and designs that exist in offshore areas are soon followed.

Separation process is also included to explain the separating method involved for the crude oil stabilization prior to storage or export. Different types of separation process equipment are shown for clarity. Basic design drawings and document deliverables required for each engineering discipline are then explained for the process and the engineering design development.

The module will continue with a project management topic, which will present participants with the important of project management, project phases, project management control & execution documents and project management challenges a& risks. The module will conclude with the electrical equipment hazardous area classification and ingress protection rating for oil and gas installation requirements.

Ir. Mohammad Adnan Sujan, P.E. – is a graduate from Drexel University Philadelphia USA in Electrical Engineering, (BSc 1998 and MSc 2001).  He has 15 years of working experience in the engineering industry, covering the onshore, offshore and Floating Production, Storage and Offloading (FPSO) designs. He has involved in a wide ranging activities, from technical proposal to detailed design, and even construction, installation & testing. He has worked on a number of projects globally; these include Brazil, Iran, Iraq, Malaysia, Syria, USA, Trinidad and Vietnam.

Register here, or download the form here.

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Shout Out – HAZOP Training 2016/08

July 19, 2016

My organization (not IEM this time) has a course on HAZOP on the 16th August, 2016. It is worth 6.5 CPD points, and held at (wait for it) Hilton PJ. Since I’m giving it, I expect hoards will have to be turned away at the gates. And it’s a big room, so I need to fill the seats.

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.

This course is designed to educate participants in the HAZOP process from the perspective of a HAZOP team member. It is meant to provide both instruction and workshop sessions so that the participants:

  • Are familiar with the concept of ‘risk’
  • Are familiar with the theory behind HAZOP
  • Are familiar with the actual HAZOP workshop process
  • Have expectations as to what the HAZOP will (and won’t provide)
  • Understand what deliverables can be expected from a HAZOP
  • Have the opportunity to participate in HAZOP exercise in a safe environment
  • Opportunity to share HAZOP experiences

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

Wata has 19 years of experience in the oil and gas industry, in both design and operations.

Register here.

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Saturday Star 2016-07-16– Job Opportunities

July 18, 2016

Happy More Staff Week.

Donate to your favorite charity (for this month, choose other than 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.

  • A mate of mine is looking for a MD/EngMan type person to help run his engineering company (the main business is skid manufacturing). He can’t handle the work volume, so you know that his oil & gas company is bucking the trend, and has a bright future ahead. If I know you, send your CV’s to me. If I don’t know you, send your CV along anyway, but note I will contact your references. I am not getting a commission for this ad, you know.
  • I’m looking for fresh meat-ish, to help with a peak work period.
  • Nothing in the papers today.
  • I’m looking for jobs for 4Q2016. Send me your POs.

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? Any weight loss diet.

Let’s get a bit nostalgic with the book selection.

Wetter, Louder, Stickier: A Baby Blues Collection (Baby Blues Scrapbook), BBXX: Baby Blues: Decades 1 & 2, Bedlam

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Posted by Wata

Shell continues to study recent gas discoveries

July 17, 2016

Dateline 2016-06-14, Borneo Post:

There have been a total of 10 gas discoveries by Shell and partners in Sarawak in the past 24 months, all of which are still under study.

According to Shell Global Solutions Malaysia, Projects and Technology managing director Simon Ong, over the past few years, Shell and its partners have made quite a few discoveries, mainly in gas offshore Sarawak – some of which are quite significant in volumes.

“We have a very active exploration program, we have one of the biggest exploration expenditure in this country about US$100 million per year, in the last last few years.

“We have made significant discoveries, both us and our partners, made a lot of discoveries, predominantly in the Sarawak side. But, we also have plans to look into Sabah,” Ong said during a press conference on the Malikai Sail Away Milestone over the weekend.

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Shell’s first TLP set for Malikai field duty

July 15, 2016

Dateline 2016-06-13, NST:

Shell Malaysia has unveiled the country’s first tension-leg platform (TLP), which is set to sail to Malikai field offshore Sabah soon. The platform was designed and fabricated by Malaysians. Shell holds a 35 per cent stake in the Malikai project, with Conocophillips and Petronas Carigali owning 35 and 30 per cent, respectively. “The deepwater business is under pressure like others in the industry. Now that we have built this capability in Malaysia, we have a responsibility to sustain these skills and talent so that they stay relevant. “It will take strong collaboration and partnership to open up new frontiers and deliver value and create wealth for Malaysia, as well as the companies participating in these ventures.

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Posted by Wata

Saturday Star 2016-07-09– Job Opportunities

July 11, 2016

Eid Mubarak.

Donate to your favorite charity (for this month, choose other than 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.

  • A mate of mine is looking for a MD/EngMan type person to help run his engineering company (the main business is skid manufacturing). He can’t handle the work volume, so you know that his oil & gas company is bucking the trend, and has a bright future ahead. If I know you, send your CV’s to me. If I don’t know you, send your CV along anyway, but note I will contact your references. I am not getting a commission for this ad, you know.
  • I’m looking for fresh meat-ish, to help with a peak work period.
  • Nothing in the papers today.
  • I’m looking for jobs for 4Q2016. Send me your POs.

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? Any weight loss diet.

Let’s get a bit nostalgic with the book selection.

Wetter, Louder, Stickier: A Baby Blues Collection (Baby Blues Scrapbook), BBXX: Baby Blues: Decades 1 & 2, Bedlam

1 Comment | Malaysia, oil and gas | Permalink
Posted by Wata

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