Q&A with Petronas’ new CEO

November 17, 2015

Article jumps straight into it, without names and such.

Dateline 2015-10-12, NST:

Q: What is your take on the overall oil and gas industry?

A: What we anticipate is that this will be a prolonged environment of low oil prices. It is not a sudden dip in a cycle or anything. We think this would be prolonged because of the structural shift in the industry. And with many things happening at the same time, this confluence of world events has caused impact. When we look back, this is similar to what we experienced in 2008, where that, too, took quite a few years before prices picked up again.

…

 

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Posted by Wata

Saturday Star 2015-11-14– Job Opportunities

November 16, 2015

Happy Rain 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 1Q2016. Send me your POs.
  • An associate of mine is looking for a technical safety part-time adviser. 2 Associates, actually. Needs to be needle sharp with respect to QRAs, and HSE safety cases. A calm demeanor to handle nonsensical questions from young engineers helps as well. Either that, or a drinking problem.
  • Nothing much in the news. Were you expecting jobs galore? Has The Star dropped out of favour? I see more job adverts on the facebook private groups.

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? Hmm.

Seen the Episode VII trailer? Booked the theater? If you say “What is episode Vii?”, I disown you.

During these trying times, perhaps you should focus on self improvement. The following are a good set of books to start automating your uncertainty budget tables.

The Cartoon Guide to Statistics, Hands-On Start to Wolfram Mathematica, Doubt-Free Uncertainty In Measurement: An Introduction for Engineers and Students

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

Steering through tough times

November 15, 2015

Dateline 2015-10-12, NST:

Acknowledging that the current global oil price doldrums could be prolonged, Petronas hasmapped out a six-point strategy to help the oil giant tide over the trying times and to stay profitable.

Outlining his game plan, Petronas president and group chief executive officer Datuk Wan Zulkiflee Wan Ariffin said it would weed out inefficiencies, manage costs, cut back some capital expenditure and seek more revenue.

In an exclusive interview with the New Straits Times, his first with the media since assuming his job on April 1, Wan Zul said his set of challenges were markedly different from his predecessors.

…

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Posted by Wata

Groundbreaking Of Gas Malaysia’s 1st CNG Project

November 14, 2015

Dateline 2015-10-12, Malaysian Reserve:

Gas Malaysia-IEV Sdn Bhd (GMIEV), a subsidiary of Gas Malaysia Bhd, recently held a groundbreaking ceremony to mark the start of the construction of its compressed natural gas (CNG) station in Gebeng in Kuantan, Pahang.

The project will allow GMIEV to offer a complete value chain of mobile gas solutions; from processing of gas into CNG to transportation and distribution to end-users.

GMIEV will purchase natural gas from Gas Malaysia and will maintain and operate the compression, transportation and pressure regulating unit which are key components of the virtual pipeline.

When completed, the CNG station will be able to deliver compressed gas to customers within a 200km radius of Gebeng.

…

 

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Posted by Wata

Saturday Star 2015-11-07– Job Opportunities

November 9, 2015

Happy Rain 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 1Q2016. Send me your POs.
  • I haven’t seen Qatar Petroleum ads for a while. They are looking for a Diving supervisor (say what?), Lead Maintenance engineer, maintenance engineer, snr. instrument engineer, inspection engineer, communications & infrastructure engineer. Apply here or visit the website.
  • An associate of mine is looking for a technical safety part-time adviser. 2 Associates, actually. Needs to be needle sharp with respect to QRAs, and HSE safety cases. A calm demeanor to handle nonsensical questions from young engineers helps as well. Either that, or a drinking problem.
  • Nothing much in the news. Were you expecting jobs galore? Has The Star dropped out of favour? I see more job adverts on the facebook private groups.

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? Alfalfa.

Seen the Episode VII trailer? Booked the theater? If you say “What is episode Vii?”, I disown you.

During these trying times, perhaps you should focus on self improvement. The following are a good set of books to start automating your uncertainty budget tables.

The Cartoon Guide to Statistics, Hands-On Start to Wolfram Mathematica, Doubt-Free Uncertainty In Measurement: An Introduction for Engineers and Students

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

Big INSTEP forward with 579 grads — Jabu

November 8, 2015

Dateline 2015-10-04, Borneo Post:

The graduation of 579 Sarawakians from Institut Teknologi Petroleum Petronas (INSTEP), with its world-class technical education in oil and gas, is a big step forward for the state.

Deputy Chief Minister Datuk Patinggi Tan Sri Alfred Jabu Numpang said the way forward is to place emphasis on technical and vocational education to build up the fledgling market of expertise for the industry.

“Continue with this great effort to train more Sarawakian youths. If possible, increase the intake of students from rural areas,” said Jabu in his speech.

As an example, he added that his area Betong has 22 secondary schools which can provide a good source of Form Five school-leavers to be trained and then marketed into various industries in Malaysia or overseas.

…

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

Lundin Petroleum resumes exploration drilling in Malaysia with the Mengkuang-1 well

November 6, 2015

Dateline 2015-10-02, Your Oil & Gas News (I kid you not):

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has resumed exploration drilling in Malaysia with the spud of Mengkuang-1 exploration well in license PM307, offshore Malaysia.

The well will target hydrocarbons in Miocene aged sands 75 km to the northwest of the Bertam field operated by Lundin Malaysia.

Mengkuang-1 will be drilled with the West Prospero jack-up rig to a total depth of approximately 1,300 metres below mean sea level. The drilling of the well is expected to take approximately 30 days.

Lundin Malaysia holds 75 percent working interest in PM307. Partner is PETRONAS Carigali Sdn Bhd with 25 percent working interest. Lundin Malaysia operates six blocks in Malaysia, namely PM307, PM319, PM308A, PM308B, PM328 and SB307/308.

…

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Posted by Wata

Shell to cut 1,300 jobs in Malaysia over two years

November 3, 2015

On the tail of the previous article, Shell continues stride with deepwater projects

Dateline 2015-09-29, Fuelfix:

Royal Dutch Shell’s oil unit in Malaysia said it will cut 1,300 jobs, or about 20 percent of its Malaysian workforce, over the next two years as it restructures itself.

Shell Malaysia said Tuesday it is trying to become a more efficient company but gave few details beyond disclosing the coming staff reductions. It said it has made “adjustments” to its upstream portfolio but didn’t elaborate.

“Shell Malaysia is preparing itself to be more competitive in a low oil price environment,” Shell Malaysia Chairman Iain Lo said in a written statement. “Continuing business as usual is not sustainable. We are taking difficult, but necessary action.”

…

 

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

Saturday Star 2015-10-31– Job Opportunities

November 2, 2015

Happy Rain 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 1Q2016. Send me your POs.
  • I haven’t seen Qatar Petroleum ads for a while. They are looking for a Diving supervisor (say what?), Lead Maintenance engineer, maintenance engineer, snr. instrument engineer, inspection engineer, communications & infrastructure engineer. Apply here or visit the website.
  • An associate of mine is looking for a technical safety part-time adviser. 2 Associates, actually. Needs to be needle sharp with respect to QRAs, and HSE safety cases. A calm demeanor to handle nonsensical questions from young engineers helps as well. Either that, or a drinking problem.
  • Nothing much in the news. Were you expecting jobs galore? Has The Star dropped out of favour? I see more job adverts on the facebook private groups.

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? Alfalfa.

Seen the Episode VII trailer? Booked the theater? If you say “What is episode Vii?”, I disown you.

During these trying times, perhaps you should focus on self improvement. The following are a good set of books to start automating your uncertainty budget tables.

The Cartoon Guide to Statistics, Hands-On Start to Wolfram Mathematica, Doubt-Free Uncertainty In Measurement: An Introduction for Engineers and Students

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

Rightsizing in the oil and gas industry

October 27, 2015

Rightsizing – IGL Services issues Rm3M worth of paid invoices. Wrongsizing – We only get Rm2.9M.

Send us your tales of rightsizing woes.

Dateline 2015-09-26, The Star:

THE slide in global crude oil prices has left a trail of casualties in its wake.

Oil companies and governments that rely on the price of crude oil for profit and revenue have been hurt by plunging receipts from lower crude oil prices.

For countries dependent on commodities such as crude oil, the effect cuts deeper. Their currencies have felt the brunt from the weaker crude oil prices and it is this group of countries that have a reliance on commodities that have seen the biggest depreciation against the US dollar compared with oil importing countries.

While the macro picture hogs the headlines and generates most of the chatter, the real micro cost of plunging crude oil prices has been felt by employment in the sector.

Many oil majors have announced job cuts to manage costs that had spiralled upwards during the boom days in the industry. Oil majors now have resorted to slashing their workforce amid the biggest downturn in the industry for decades.

…

 

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

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