Former Malaysia PM Abdullah Badawi replaces Mahathir as adviser to state oil giant Petronas

May 13, 2016

Old news, but hey…

Dateline 2016-03-25, Straits Times:

Former Malaysian Prime Minister Tun Abdullah Ahmad Badawi has been endorsed by the Cabinet as the new adviser to state oil and gas company Petronas, Premier Najib Tun Razak announced on Friday (March 25), replacing another former premier Tun Dr Mahathir Mohamad whose services were terminated earlier this month.

Tun Abdullah’s appointment is effective April 1, Malaysia media reported.

“The decision to terminate the appointment of Tun Dr Mahathir Mohamad was made by the Cabinet since he was no longer supporting the present government, especially with the launch of ‘Deklarasi Rakyat’ (Citizen’s Declaration) together with opposition leaders,” Najib said in a statement reported by state news agency Bernama.

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Posted by Wata

Calls for consolidation in O&G sector

May 12, 2016

If you want to buy IGL for 3 times its projected sales, be my guest.

Dateline 2016-03-26, Borneo Post:

A large chunk of major players in the oil and gas (O&G) industry have accepted the new norm of low oil prices whereby exuberance is no longer tolerable and are taking multiple initiatives to optimise their cost structures.

According to Hong Leong Investment Bank Bhd (HLIB Research) this comes amidst calls for further consolidation in the industry.

“To put it into perspective, there are 3,000 O&G companies registered in Malaysia while Norway, with similar production volume, has only about 700 registered companies, pointing to ample room for companies in Malaysia to consolidate,” it detailled in a report yesterday.

To put things in perspective, Petronas has launched Coral 2.0 initiative to save costs and improve efficiencies. Schlumberger, on the other hand, has looked at further optimisation in its business involving reduction of Non Performing Time (NPT) through widening scope of work on per staff basis.

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Posted by Wata

Shout Out – Talk on “Enhanced Oil Recovery in Malaysia – Challenges”

May 10, 2016

My technical division will be hosting a talk on the 18th May, 2016. It is worth 2 CPD points, and held at Wisma IEM. The talk will be presented by Ir. Razak Yakob. Please come, or I’ll be beaten up in a dark alley.

In order to sustain the local production EOR is one of the major agenda in our Economic Transformation Program.  It is one of the 13 Entry Points Project that supports the Oil, Gas and Energy NKEA (National Key Economic Areas).  Even with the high recovery factor, EOR is still a very challenging program to be implemented in Malaysia due to the offshore environment, formation characteristics, high investment cost, and expertise availability.  This talk shall focus on sharing the knowledge of what EOR is and the challenges of implementing it in Malaysia.

Ir. Razak Yakob was the Well Delivery Manager for the Enhanced Oil Recovery Centre (EORC) in 2012/2013. He was also the Senior Drilling Engineer for a Risk Service Contract Project in 2014/2015.  Razak has been in the oil and gas industry for 19 years working for companies such as ExxonMobil, Halliburton, Talisman Energy, Petronas Carigali and EQ Petroleum/Uzma Engineering.

His core expertise is in Drilling Engineering with the working experiences spanning from development and exploration, technical support, training, competency development, finance and consultancy. As an independent consultant, he has worked in many parts of the world. He was a graduate of Colorado School of Mines in the United States with a degree majoring in Petroleum Engineering and a minor in Mechanical Design.

Register here, or download the form here.

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

Saturday Star 2016-05-07– Job Opportunities

May 9, 2016

Happy FSA 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’m looking for jobs for 3Q2016. Send me your POs.
  • Nothing in the papers this week.

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

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

Time for Sarawak to set up its own oil company

May 8, 2016

Can I be the first to submit my CV?

Dateline 2016-03-24, Malaysiakini:

The total revenue of 44 petroleum companies around the world in 2015 is worth US$5,674,351 trillion and company Syarikat Petroliam Nasional Bhd (Petronas) was ranked 19th with revenue of US$100.74 billion after Gazprom.

The federal government-owned companies had contributed RM881.3 billion in dividends, taxes, royalties and duties to the federal government and the state government from 1974 until the end of 2014. If we include the foregone revenue (in the form of gas subsidy) totaling RM230.6 billion after regulated gas prices came into effect on May 1997, Petronas total financial contribution to the Malaysian economy could reach RM1.11 trillion in 40 years.

This is equivalent to RM27.75 billion a year or RM2.3125 billion a month!

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Posted by Wata

Malaysia Flagged As Asia’s Oil, Gas Hub

May 7, 2016

Dateline 2016-03-24, E&P:

Malaysia continues to position itself as a regional hub for oil and gas in Asia as it looks to grow production by 5% annually  by 2020.

Most of the growth is expected to come from enhancing output from existing fields and from new marginal fields coming onstream, delegates at OTC Asia heard.

Deep water is also a key area of growth for the country with nearly $6 billion expected to be invested in such projects by 2020.

Shell’s Malikai tension-leg platform project (TLP) is the latest in a line of deepwater projects in Malaysia, following the Gumusut-Kakap project and Murphy’s Kikeh FPSO scheme.

Malikai is progressing well with the completed TLP having been skidded onto the White Marlin heavylift vessel this week ready for transportation to the field toward the end of April.

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

Petronas set to complete $235m water project

May 5, 2016

One of those headlines that causes you to do a double take.

Dateline 2016-03-15, The Straits Times:

Malaysia’s national oil company Petronas is completing a RM700 million (S$235 million) water-supply project in two months’ time to secure sufficient water for a massive petroleum complex being built in Pengerang in south-east Johor.

The dam and reservoir project near Kota Tinggi town will also alleviate a “water crisis” for some 100,000 residents in the Kota Tinggi and Pengerang districts, as some 20 per cent of the water collected at the new Sungai Seluyut reservoir will be for public use, officials said yesterday.

The project’s imminent completion comes amid concern in Johor about its high water consumption due to rapid industrialisation and climate change that has lowered reservoir levels.

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

Saturday Star 2016-04-30– Job Opportunities

May 2, 2016

Happy short week, 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’m looking for jobs for 3Q2016. Send me your POs.
  • Nothing in the papers this week.

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

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

PETRONAS Names PFLNG SATU in Ceremony at DSME’s Okpo Yard in South Korea

April 28, 2016

Dateline 2016-03-07, Rigzone:

Petroliam Nasional Berhad (PETRONAS) announced Monday that the company’s first floating liquefied natural gas (LNG) facility officially received its name, marking another milestone for Malaysia’s national oil and gas corporation in the global LNG business arena on March 4.

The PFLNG SATU was named at a ceremony held by PETRONAS, together with its strategic partners Daewoo Shipbuilding & Marine Engineering Co. Ltd. (DSME) and Technip, at the DSME shipyard here in Okpo, South Korea.

PETRONAS’ President and Group CEO, Wan Zulkiflee Wan Ariffin said that the floating LNG facility signified a breakthrough achievement not only for the company but also for Malaysia.

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Posted by Wata

Shout Out – Technical Visit to Aker Solutions Manufacturing Centre, Port Klang

April 26, 2016

My Technical Division will be arranging a Trip to visit Aker on the 5th May, 2016. It is worth some CPD points (don’t know why the page says 0).

Aker Solutions is a global provider of products, systems and services to the oil and gas industry. Their engineering design and technology bring discoveries into production and maximize recovery from each petroleum field. They employ approximately 15,000 people in 20 countries. Aker Solutions portfolio of oilfield stretches all the way from the reservoir to the wellstream processing systems generating marketable and valuable hydrocarbon products.

The Aker Solutions Manufacturing Centre in Port Klang assemble oil and gas production equipments and systems. Some of the items that have been manufactured are topsides process packages, subsea structures, subsea christmas tree, subsea control module, subsea wellheads, and drilling and production risers. In this visit, visitors will be able to learn how the manufacturing centre is operated and maintained.

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Register here, and you can download the form here.

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

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