Shell said to weigh sale of over $1b Malaysia LNG stake

November 27, 2016

Hibiscus or CLIQ in the bidding?

Dateline 2016-10-14, The Star:

Royal Dutch Shell Plc is considering a sale of its stake in a Malaysian liquefied natural gas export plant, which could fetch more than $1 billion, people familiar with the matter said.

The Anglo-Dutch energy giant is gauging interest in its 15 percent stake in MLNG Tiga Sdn., which owns an LNG terminal in Sarawak on the island of Borneo, according to the people.

Malaysia’s state-owned Petroliam Nasional Bhd., which holds 60 percent of MLNG Tiga, has pre-emptive rights on the stake, one of the people said, asking not to be identified as the process is private.

The sale may draw interest from private-equity firms, the people said. MLNG Tiga, set up in 1995, is the third plant to be built in the Petronas LNG complex in Bintulu, Sarawak, according to its website.


Palm oil-based drilling fluid soon

November 26, 2016

Interesting. Where can I invest?

Dateline 2016-10-13, The Star:

A local oil and gas company is lending its industry expertise to Universiti Teknologi Malaysia (UTM) to develop what is believed to be the world’s first palm oil-based drilling fluid.

The collaboration between the university’s UTM-MPRC Institute for Oil and Gas, which is a recognised industrial centre of excellence, and Lekir Energy Sdn Bhd, is aimed at deve­loping the green technology from one of Malaysia’s natural resources and provide a more environmentally-friendly alternative.

UTM deputy vice-chancellor (research and innovation) Prof Dr Ahmad Fuzi Ismail said the revolutionary fluid would take up two to three years to develop with the complemen­ting efforts and expertise in renewable energy from both parties.

 


Hibiscus to buy Shell’s operatorship of four oil fields offshore Sabah

November 25, 2016

And that settles my thoughts as to when Hibiscus was going to spend its money, and who would want to buy the Shell Sabah blocks.

Dateline 2016-10-12, The Star:

Shell has reached an agreement to sell its 50% equity interest in the 2011 North Sabah enhanced oil recovery (EOR) production sharing contract (PSC) to Hibiscus Petroleum Bhd’s indirect unit SEA Hibiscus Sdn Bhd for US$25mil (RM104.8mil).

The amount excludes post completion adjustments and reimbursements to Shell.

Currently, Sabah Shell Petroleum Co (25%) is the operator, partnering with Shell Sabah Selatan (25%) and Petronas Carigali Sdn Bhd (50%) in the PSC, which includes the Labuan Crude Oil Terminal, and the fields of St Joseph, South Furious, SF30 and Barton, all located offshore Sabah.

Total oil production (on a 100% PSC basis) averaged 18 kilobarrels (kbbls) per day last year, according to statements from Shell and Hibiscus.


Marketing Rounds – PUSB

November 23, 2016

I was in Brunei, and happened to be at the Petrokon offices during a fire alarm. False alarm.


IEM Shout Out – Two-Day Course on Critical Thinking for Engineers 2016-11

November 22, 2016

My technical division will be hosting a 2 day course on the 7th and 8th December, 2016. It is worth 10.5 CPD points, and held at Wisma IEM. The course will be presented by Ir. Al-Khairi Mohd Daud.

Learning Outcomes

• Explore real-world examples of why critical thinking is so important in business
• Learn to use critical thinking skills when making business decisions
• Know how to translate an abstract idea into something tangible
• Minimize the impact of job pressures on your thinking processes
• React with curiosity instead of emotion
• Get a roadmap for developing your critical thinking skills

Ir. Al-Khairi Mohd Daud has over 23 years of experienced in Oil and Gas, petrochemical, oleo chemical, manufacturing and facilities management. He is the country expert for ASEAN Energy Management Accreditation Scheme and an expert in healthcare facilities management. He has assisted in drafting few Malaysian Standards including the Malaysian Standard for Quality in Healthcare. He has presented papers in national and international conference especially on maintenance and asset management. He is the owner of Faqeh Management who specialized in asset and energy management.

Ir. Danaraj Chandrasegaran 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.

Register here, or download the form here.


Marketing Rounds – MOGSEC 2016

November 16, 2016

Apart from a massive Pikachu spawn in the halls, I didn’t get to see much of the exhibition.


Saturday Star 2016-11-12– Job Opportunities

November 14, 2016

Happy catch up week.

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 1Q2017. 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


IEM Shout Out – Two-Day Course on Critical Thinking for Engineers

November 12, 2016

My technical division will be hosting a 2 day course on the 7th and 8th December, 2016. It is worth 10.5 CPD points, and held at Wisma IEM. The course will be presented by Ir. Al-Khairi Mohd Daud.

Learning Outcomes

• Explore real-world examples of why critical thinking is so important in business
• Learn to use critical thinking skills when making business decisions
• Know how to translate an abstract idea into something tangible
• Minimize the impact of job pressures on your thinking processes
• React with curiosity instead of emotion
• Get a roadmap for developing your critical thinking skills

Ir. Al-Khairi Mohd Daud has over 23 years of experienced in Oil and Gas, petrochemical, oleo chemical, manufacturing and facilities management. He is the country expert for ASEAN Energy Management Accreditation Scheme and an expert in healthcare facilities management. He has assisted in drafting few Malaysian Standards including the Malaysian Standard for Quality in Healthcare. He has presented papers in national and international conference especially on maintenance and asset management. He is the owner of Faqeh Management who specialized in asset and energy management.

Ir. Danaraj Chandrasegaran 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.

Register here, or download the form here.


IEM Shout Out – Talk on Overview of Centrifugal Pump Basic Principles: The Theory and Application 2016-11

November 11, 2016

My technical division will be hosting a talk seminar on the 12th Novembe , 2016. It is worth 2 CPD points, and held at Wisma IEM. The course will be presented by Ir. Hassanazhari Ahdi.

OVERVIEW OF CENTRIFUGAL PUMP BASIC PRINCIPLES: THE THEORY AND APPLICATION shall provide the audience with the knowledge and principles of pump design, sizing, selection and performance analysis. The talk will explore the overview of basic theory and the application of the pump in the industry. The talk will be beneficial to engineers dealing with pump and will be presented in a way that is comprehensible to the engineers who are with or without the oil and gas background. The objectives of the talk are to provide exposure to the audiences on understanding of fundamental design of centrifugal pump and impact on its application.

Centrifugal pump in the oil and gas industry is a ‘must equipment’ on every plant/site and talk will answer questions that many people have, such as how important this equipment onboard, understanding the requirement and criticality of the pump within the whole system and matching those to the correct pump selection. Some highlights of the talk are back to fundamental of mathematical modeling of the centrifugal pump on various aspects of its parameters, type and material selection. These are the major factors in ensuring the selected pump match the required performance as well as the ensuring the reliability of the pump.

Ir. Hassanazhari Ahdi has been in the oil and gas industry for 25 years working for companies such as Technip, TPVN, KPOC and SDE. His core expertise is in design works, erection, testing, hook-up and commissioning.  Currently, he is an independent consultant providing consultancy for various design office. He was a graduate of University of Malaya with a degree in Mechanical and Masters in Engineering from UTM. He has served many major Oil and Gas Company local and abroad such as PETRONAS, SHELL, EXXON-MOBIL, QATAR PETROLEUM, QATAR MEARSK OIL, TOTAL, CONOCO-PHILIPSs and CUU LONG.

His experience covers several major onshore/offshore of turnkey project started from proposal, FEED, detailed design, erection, pre-commissioning/commissioning until handover to operation. Projects involved such as Polyethylene Plant, PVC Plant, Cabot Semi-Scale plant, BP-Amoco PTA Plant, MOQ BG-BA Platform, KPOC Platform etc. Beside green field his experience covers brown field too on retrofitting, debottlenecking of offshore platform and onshore plant.

He has delivered lecture for Executive Diploma student at UTM covering mechanical discipline which syllabus tailored to specific application to oil and gas industries.

Register here, or download the form here.


MOGSEC offers good platform for O&G firms to showcase products, services

November 10, 2016

If you parse the sentence incorrectly, you wonder why Sharifah is called the First Lady. Is her husband Mr. President now?

Dateline 2016-09-29, NST:

Since it was first held in 2012, the Malaysian Oil and Gas Services Exhibition and Conference (MOGSEC) has become a prominent showcase for the local oil and gas (O&G) industry.

Jointly organised by Malaysian Oil and Gas Services Council (MOGSC) and Malaysian Exhibition Services Sdn Bhd, the third edition of the exhibition this year promises another excellent platform for local products and services providers to showcase their capabilities.

The event will also demonstrate the country’s strategic position as a hub for O&G services.

MOGSC first lady president Sharifah Zaida Nurlisha said MOGSEC 2016 is an excellent platform for those in the industry to update themselves on technological front as it will showcase local and home-based expertise, products and services from service providers in the oil, gas and energy industries.