Taa-daa!
Actually, this is IGL Services’ logo. We have another one for IGL Process Solutions, and IGL Group. Vote if you want to see them. Or burn this one.
From the Engineering Floor – IGL’s Logo
April 13, 2016
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Malaysia, oil and gas | Tagged: IGL | 
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Posted by Wata
Dividend plays pay?
April 12, 2016Dateline 2016-02-27, The Star:
…
The only company that has bugged the trend is Petra Energy Bhd (PEnergy).
The company has in total declared a dividend of 10 sen per share, including a special dividend of six sen per share, for the financial year (FY) ended Dec 31, 2015. This compared with a total dividend of only two sen per share in the preceding year.
The increase in PEnergy’s dividend payout is in line with the company’s earnings, which grew 47% year-on-year (y-o-y), and cash position, which swelled five times to RM165mil, in FY2015.
…
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Posted by Wata
Saturday Star 2016-04-09– Job Opportunities
April 11, 2016Happy IEM AGM week. Donate to your favourite charity (me), buy my recommendations, or through my Amazon store. Or get the Young Turks series (all 4 books). 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
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Posted by Wata
Petronas Gas FY15 earnings up 7.8% to nearly RM2b
April 10, 2016Dateline 2016-02-24, The Star:
Petronas Gas Bhd earnings rose to nearly RM2bil in the financial year ended Dec 31, 2015 boosted by a one-off recognition of deferred tax asset (DTA) while it expects its agreements and utilities to underpin its steady performance for 2016.
It announced a dividend of 17 sen per share compared with 15 sen a year ago. For FY15, the total dividends were 60 sen compared with 55 sen a year ago.
Petronas Gas said it expected a challenging economic environment. However, it envisaged its steady performance to continue, backed by its solid business models under gas processing agreement, gas transportation agreements and regasification service agreement signed with its parent, Petroliam Nasional Bhd.
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Leave a Comment » | Malaysia, oil and gas | Tagged: Petronas, petronas gas, PGB | Permalink
Posted by Wata
Talisman holds hope for Sabah O&G jobs
April 8, 2016Talisman, job provider.
Dateline 2016-02-19, Daily Express:
Talisman Malaysia Ltd is in the process of finalizing the design of a 3,700-tonne Wellhead Riser Platform and 350-tonne bridge that will link to the existing Kinabalu platform in the west coast of Sabah.
Construction of these new facilities, which started in April, is expected to generate new job opportunities for locals in the oil and gas sector, at a time when many players are feeling the crunch of falling oil prices.
The oil price dip has forced several companies to resort to cutting expenditure and workforce.
According to Talisman, the project would take about 18 months to complete.
“This development project will create opportunities for Malaysian suppliers and service providers involved in the fabrication, installation and commissioning phases, and also for the subsequent drilling operations that follow in the third quarter of 2017,” Talisman said in a statement.
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Posted by Wata
Petronas to conduct tests on gas pipeline
April 7, 2016Dateline 2016-02-20, Borneo Post:
Petronas is conducting a series of tests on the Sabah-Sarawak Gas Pipeline (SSGP) from February 15 to July 3 as part of its continuous efforts to ensure the integrity and safety of SSGP that runs from Kimanis, Sabah to Bintulu, Sarawak.
In a statement yesterday, the company advised the public not to be alarmed by the occasional hissing sounds, increased number of vehicles and workers along the pipeline and flaring at the Sabah Oil and Gas Terminal (SOGT) in Kimanis.
It will continue to engage the communities residing along the pipeline to update on the progress and measures undertaken throughout the duration of the tests.
Petronas is committed to the highest levels of international HSE standards to ensure the safety of the communities and environment in all areas of its operations, the statement added.
Leave a Comment » | Malaysia, oil and gas | Tagged: Kimanis, SOGT, SSGP | Permalink
Posted by Wata
Saturday Star 2016-04-02– Job Opportunities
April 4, 2016Happy Back to Home work. Donate to your favourite charity (me), buy my recommendations, or through my Amazon store. Or get the Young Turks series (all 4 books). 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
Leave a Comment » | Malaysia, oil and gas | Permalink
Posted by Wata
Terminates pact to develop regasification plant in Sabah
April 2, 2016Dateline 2016-02-11, Nikkei Asean Review:
Petronas Gas and Sabah Energy Corporation have mutually terminated a pact to jointly develop a liquefied natural gas project in the Malaysian state of Sabah.
“In view of the prolonged uncertainty of the regasification terminal Lahad Datu Project, the parties to the Shareholders Agreement have mutually agreed to terminate the said SHA effective 10 February 2016,” Petronas Gas said in a stock exchange filing.
In September 2013, Petronas Gas, which processes natural gas and operates pipelines in Malaysia, had offered Sabah Energy to acquire up to a 20% equity stake in the project. The estimated 0.76 million metric ton per year plant was scheduled to start operation last year but a violent insurgency in 2013 led to an indefinite suspension of the project.…
Leave a Comment » | investment, Malaysia, oil and gas | Tagged: Lahad Datu, petronas gas, regasification, Sabah Energy Corporation | Permalink
Posted by Wata
Dialog move a game changer?
April 1, 2016Dateline 2016-02-10, The Star:
Now that leading local oil and gas (O&G) player Dialog Group Bhd has called off its marginal oil field exploration project, the question is: will the other local companies, which had been awarded risk sharing contracts (RSC) by Petroliam Nasional Bhd (Petronas), be doing the same?
Since 2011, Petronas had begun a process of awarding RSCs to local companies which are partnered with international players to extract hydrocarbon assets in fields which have reserves of less than 30 million barrels of oil.
But this was when oil prices were over US$90 per barrel. At current prices of around US$30 per barrel, the extraction of oil in marginal oil fields, at least in Dialog’s case, has become no longer viable.
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3 Comments | oil and gas | Tagged: Dialog, Petronas, RSC | Permalink
Posted by Wata
Petronas, Dialog abort RM3.5bil Sarawak offshore projec
March 29, 2016Ah, now I know one reason Dialog Offshore Engineering shut down.
Dateline 2016-02-04, The Star:
Petroliam Nasional Bhd (Petronas), Dialog Group Bhd and Australia-based petroleum company Roc Oil Co Ltd have aborted a proposed project estimated to cost more than RM3bil to develop and produce petroleum off Bintulu, Sarawak.
In a filing with Bursa Malaysia, Dialog said the small field risk service contract to develop the Balai cluster fields was terminated due to the difficult business environment and persistently depressed oil price.
The oil and gas-based technical services provider said BC Petroleum Sdn Bhd — which is 32% owned by its unit Dialog D&P Sdn Bhd, 48% by Roc Oil Malaysia (Holdings) Sdn Bhd and 20% by Petronas Carigali Sdn Bhd — had ceased operation and had on Wednesday signed a termination by mutual agreement with Petronas.
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Leave a Comment » | Malaysia, oil and gas | Tagged: Dialog, Petronas, Roc Oil | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 