MOGEC Shout Out – Full-Day HAZOP Training For Team Members – A Practical Approach

August 21, 2015

MOGEC will be hosting a 1 day course (our second in my memory) on the 9th September, 2015. It is worth 6.5 CPD points, and held at Saloma Bistro. Since I’m giving it, I expect hoards will have to be turned away at the gates.

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.

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

Contact MOGEC directly, Apparently, I don’t rate a space on the site.

HAZOP Training flyer

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Most oil firms plan same or bigger bonuses this year despite oil price plunge

August 21, 2015

PETRONAS expects a 30% cost cut from suppliers with the same amount of goods, blood and payback, yet multinationals are still shelling out bonuses. Oi, boss, where’s my bonus?

Dateline 2015-07-06, The Star:

Notwithstanding the plunge in oil prices last year, nearly all global oil and gas (O&G) companies expect to pay about the same, if not larger, bonuses this year.
According to a global survey by professional services company Towers Watson, 90% of the O&G firms planned the same bonus payout as the previous year, if not more.
How about Malaysia? Well, all companies surveyed here will be paying out bonuses, with more than half planning to pay higher bonuses compared to the year before.
In Asia-Pacific, 66% of O&G firms are expecting to pay larger bonuses than last year – higher than in Latin America (60%), EMEA (Europe, Middle East and Africa) (50%), and North America (about 30%).
…

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Petrol prices not solely set by crude oil prices

August 20, 2015

Dateline 2015-07-02, Malaysiakini:

Petrol prices at the pump have gone up by 10 sen to RM2.15 per litre for RON95 and 20 sen to RM2.55 for RON97 for the month of July 2015. This is despite the price of Brent crude oil per barrel trending downwards for the month of June 2015 versus May 2015.

However, retail petrol prices have gone up because the price of Brent per barrel is only one component out of several which go into the calculation of the Mean of Platts Singapore (MOPS) benchmark price which is used under Malaysia’s managed float system which came into place on Dec 1, 2014.

From then onwards, retail petrol prices are set based on a month-to-month basis based on an average of MOPS prices plus a fixed margin for oil companies and retailers.

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Marketing Rounds – Busan

August 19, 2015

It was the fasting month, so don’t expect a walking travelogue.

 

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We only produce the oil, Putrajaya sets price, says Petronas chairman

August 18, 2015

Dateline 2015-07-02, TMI:

Petronas denies controlling the price of petrol in the country, saying the government is the only party responsible.

Speaking to media at a corporate social responsibility (CSR) event in Kuching last night, Petronas chairman Tan Sri Sidek Hassan said Putrajaya determines the price for RON95 and RON97 from the market price for crude oil, the Borneo Post reported.

“It has been agreed that petrol pump prices is based on the government’s decision, and is tagged to the market. So when the market moves up then it will go up and vice versa.

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IEM Shout Out – One-Day Workshop on “Essential Soft Skills for An Engineer to Fast Track the Career Ladder”

August 18, 2015

My technical division will be hosting a 1 day seminar on the 29th September , 2015. It is worth 6.5 CPD points, and held at Wisma IEM. The course will be presented by Ir. Low Chew Eow (Rocky). Those who want to figure out why there aren’t communicating as efficiently as they should, attend

The seminar will address some of the important soft skills needed to be acquired and sharpened such as:
–  Communication skills
–  Good attitudes to have and to focus on
–  Producing high quality e-mail
–  E-mail ethics
–  Reporting skills to various stakeholders
–  Planning skills
–  Task identifications and delegation skills

Ir. Low Chew Eow (Rocky) graduated from the University of Glasgow with a degree in Mechanical Engineering in 1990. He has more than 24 years of working experience in various roles. He is appointed as Industry Advisor of Universiti Tunku Abdul Rahman, Faculty of Engineering and Science.

He is currently the Head of Package Equipment Department in Technip Consultant (M) Sdn. Bhd. He is also the Member of Expert Network specializing in Pneumatic Conveying System within the Technip group. He has presented talks at the Institution of Engineers, Malaysia.

Register here, or download the form here.

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Saturday Star 2015-08-15– Job Opportunities

August 17, 2015

Eid Mubarak. May Allah accept my efforts, and yours. Donate to your favourite charity, 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.

  • I’m looking for jobs for 4Q2015. 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. 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? Whatever open house is closest to you.

Seen the Episode VII new trailer? Ff you say “What is episode Vii?”, I disown you.

Join the Star Wars Fever:

Star Wars Trilogy Episodes IV-VI (Blu-ray + DVD), Star Wars Trilogy Episodes I-III (Blu-ray + DVD), Heir to the Jedi: Star Wars

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Gas Malaysia’s Growth Is in the Pipeline

August 15, 2015

Dateline 2015-06-23, Barron’s:

“Keep it simple, stupid” has been the catch-cry of investment legends like Warren Buffett and Peter Lynch.

These heavyweights of investment lore have opined on the attractiveness of businesses that offer simple, easy to understand business models that provide a clear picture of how revenues and profits are generated. One of Buffett’s rules is that if you can’t understand what a company does after five minutes, then move on.

It appears Gas Malaysia (GASMSIA.MY) has taken that sage advice on board. The distributor of natural gas in peninsula Malaysia has made the job for analysts very simple,with a new regulatory regime for the pricing of natural gas providing share price prognosticators much clearer visibility on the stock’s earnings.

Coming to grips with regulatory regimes for utility stocks can be deathly boring. And Gas Malaysia is no different. However, understanding the company’s plans to adopt a so-called incentive-based regime (IBR) helps explain why there has been a round of earnings upgrades and ratings changes for a stock that has fallen 21% this year compared to a 2% decline in the Kuala Lumpur Composite Index.

…

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IEM Shout Out – One-Day Course on Centrifugal Pump Theory And Application-Basic Principles

August 14, 2015

My technical division will be hosting a 1 day seminar on the 28th September , 2015. It is worth 6.5 CPD points, and held at Wisma IEM. The course will be presented by Ir. Hassanazhari Ahdi. Process engineers, can you please attend?

CENTRIFUGAL PUMP THEORY AND APPLICATION shall provide the audience with the knowledge and principles of pump design, sizing, selection and performance analysis. The course 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 course are to provide exposure to the audiences on understanding of fundamental design of centrifugal pump, the critical pump parameters when evaluating pump selection and making the best decision on specification.

 

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 offices. He graduated from University of Malaya with a degree in Mechanical in year 1987 and a Masters in Engineering from UTM in year 2006. He has served many major Oil and Gas Companies locally and abroad such as PETRONAS, SHELL, EXXON-MOBIL, QATAR PETROLEUM, QATAR MEARSK OIL, TOTAL, CONOCO-PHILIPSs and CUU LONG.

Register here, or download the form here.

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Petronas won’t cut staff despite earnings drop, deputy minister says

August 13, 2015

One more quote in ‘The Book of Last Words’?

Dateline 2015-06-17, Malay Mail:

Petronas will not release any of its employees amid falling profits caused by the dip in global oil price, Parliament was told today.

Deputy Minister in the Prime Minister’s Department Datuk Razali Ibrahim said that despite a projected 40 per cent drop in the dividends expected to be paid to the government this year, none of 50,000 Petronas employees will lose their jobs.

“One guarantee we can give is we that will maintain all 50,000 Petronas employees all over the world because now the reduction in spending… is to ensure we stay operational,” he said during a reply in Parliament to Kepala Batas MP Datuk Seri Reeezal Merican.

“Today, we actually still need additional employees to maintain operations so this is at least a guarantee we can give,” he added.

Razali explained that Petronas’ dividend payment to Putrajaya  was RM73 billion in 2013 and RM75 billion in 2014, but based on this year’s first quarter profits, this is expected to drop to only RM43 billion in 2015.

…

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