ONGC, Oil India bid $1.5 bln for stake in Murphy Oil’s Malaysia assets

October 11, 2014

Dateline 2014-07-31, Business Standard:

State-owned Oil & Natural Gas Corp and Oil India Ltd have submitted a joint bid worth about $1.5 billion to buy a stake in Murphy Oil Corp’s Malaysian oil and gas assets, sources directly involved in the process said.

Arkansas-based Murphy, which has interests in oil and gas fields in Malaysia, Vietnam, Indonesia, Brunei and Australia, has invited bids for a 30 percent stake in its Malaysian assets, Reuters previously reported.

If successful, ONGC, India’s largest oil and gas exploration company, will own a 20 percent stake in the assets, while Oil India would own the remaining 10 percent, said three sources involved in the process.

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Blackstone to Invest $800 Million in First Asian Oil Venture

October 10, 2014

Hah, ke sini larinya pemimpin2 Talisman. Boleh join? And I thought it was ‘Thamrin’.

Dateline 2014-07-31, Bloomberg:

Blackstone Energy Partners, part of the world’s biggest manager of alternatives to stocks and bonds, will invest as much as $800 million in an Asian energy company led by former industry executives.

Tamarind Energy will seek to help partners boost production and yield of oil and gas fields in Malaysia and Indonesia, Angelo Acconcia, a New York-based managing director of Blackstone Energy Partners, said today in an interview. The Kuala Lumpur-based company is led by former executives from Talisman Energy Inc.

“Our focus is on the appraisal development of assets where they have already been discovered, and where we can be a value-added partner to companies that we work with,” Acconcia said.

…

 

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IEM Shout Out – Talk on Design of PETRONAS Station

October 8, 2014

This is a shout out for the IEM. My Technical Division will hosting the talk by Ir. Azmi Abd Ghani on the 11th  October, 2014 at 9.00am

PETRONAS station today is more than a place for refueling. It is more of a destination for customers’ convenience, with the facilities that range from a convenience store, quick serve restaurant (QSR) drive thru, carwash, car service centre, ATM and postal courier centre. PETRONAS Dagangan Berhad (PDB) had been in retail business since 1974, and with over 1000 stations nationwide.
The talk will provide an overview of PETRONAS Station in terms of design and construction, which will provide an insight of the architectural and engineering works involved in building a station from inception to completion.

Ir. Azmi Abd Ghani, a certified professional engineer, is currently a Senior Manager for the Engineering Department, Retail Business Division, PETRONAS Dagangan Berhad (PDB).  Prior to joining PDB, he held various management positions at PETRONAS Penapisan (Terengganu) Sdn Bhd and OGP Technical Services Sdn Bhd.

You may register for the event here, and download the flyer here.

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OPSB Secures Financing to Develop the Ophir Oil Project Offshore Terengganu

October 7, 2014

Dateline 2014-07-27, Rigzone:

Octanex N.L. announced Thursday that limited recourse project finance has been secured for the development of the Ophir field, offshore Terengganu, Malaysia.

Octanex is a 50 percent shareholder in Ophir Production Sdn Bhd (OPSB) which was awarded the Ophir Risk Service Contract in June. Octanex’s joint venturers in OPSB are Scomi Energy Services Bhd, a Malaysian downstream oil and gas services company listed on the Main Board of Bursa Malaysia with a 30 percent interest, and Vestigo Petroleum Sdn Bhd, a wholly owned subsidiary of Petronas, incorporated in 2013 with a focus on the development of small, marginal and mature fields, holding a 20 percent interest.

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Posted by Wata

Saturday Star 2014-10-04 – Job Opportunities

October 6, 2014

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 need RM360 to get The Star ePaper. Or go to Hajj, whichever you prefer.

  • I’m lining up jobs for next quarter, for IGL Services. Whisper to (better yet, carpe jugulum) your boss, and send work my way.
  • Vestigo is here, Vestigo is here. Are they so ashamed that they are a PETRONAS linked company that they didn’t use .com.my for their web presence? If you think you are a hotshot Senior Reservoir Engineer apply here. But I can’t get a ping at their web address, so snail mail to The Human Resources Department, Vestigo Petroleum Sdn Bhd, Level 3, Bangunan Getah Asli, 148 Jalan Amplang, 50450 Kuala Lumpur.
  • I notice that there’s and advert for Hevilift. Are they looking to partake in the offshore aviation transportation pie?

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? How if you visit Vietnam, how about visiting and updating GoHalalVietnam! for your food needs. For your other needs, talk to your local tour guide/ concierge / man on the street.

Need some new management techniques. How about these books?

The Dilbert Principle: A Cubicle’s-Eye View of Bosses, Meetings, Management Fads & Other Workplace Afflictions, Dogbert’s Top Secret Management Handbook, Dilbert and the Way of the Weasel

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Posted by Wata

World’s Biggest Wealth Fund Among Reach Energy Investors

October 5, 2014

Can all the SPACs give me a direct line into insider trading opportunities?

Dateline 2014-07-24, Bloomberg Businessweek:

Malaysia’s Reach Energy Bhd. has attracted investors including Norway’s $890 billion sovereign wealth fund in an initial public offering to fund its acquisitions of oil and gas fields.

Norges Bank Investment Management, the world’s largest sovereign wealth fund, and Malaysia’s pilgrim fund will invest in the 750 million-ringgit ($237 million) IPO, Managing Director Shahul Hamid Mohd Ismail said in a July 21 interview. Norway’s wealth fund will own a substantial stake in the special-purpose acquisition company, he told reporters today.

Rising energy demand is spurring companies such as Reach Energy to buy and develop smaller oil and gas fields ignored by their larger international counterparts. Malaysia’s Sona Petroleum Bhd. (SONA), also a special-purpose acquisition company, finalized an agreement this week to buy a stake in two Thai oil and gas blocks of U.K.-based Salamander Energy Ltd. (SMDR)

…

 

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First Oil Commences at Bentara Field Offshore Sarawak

October 4, 2014

Dateline 2014-07-23, Rigzone:

Malaysia’s national oil and gas company Petroliam Nasional Berhd (Petronas) announced Wednesday that Bentara field in the Balai Cluster Risk Service Contract (RSC) area located offshore Sarawak, Malaysia has achieved its first oil production May 25.

The field which is expected to produce more than 1,000 barrels of oil per day is being developed and operated by BC Petroleum Sdn Bhd.

The Bentara field is the second field in the Balai Cluster, which successfully achieved oil production after Balai field on Nov. 6, 2013

…

 

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Posted by Wata

Why Oil and Gas in the South China Sea Won’t Be Developed

October 2, 2014

Link bait. And interesting.

Dateline 2014-07-18:

The South China Sea has enormous potential for oil and gas reserves but territorial conflict will likely hold it back for years to come.

On July 16, the China National Petroleum Corporation (CNPC) decided to remove its oil rig from contested waters, stating that its exploration mission was completed after finding “sings of oil and gas.”

While moving the rig out of waters claimed by both China and Vietnam could cool tensions, the intractable dispute over territory is holding back what could be massive investment in oil and gas exploration.

The Wall Street Journal reported on several major international oil companies that are steering clear of the South China Sea because of the conflict, despite the potentially huge reserves of oil and gas in its waters.

…

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Posted by Wata

Murphy Oil’s Malaysia assets draw interest from Mitsubishi, ONGC

October 1, 2014

Do you remember the Zero?

Dateline 2014-07-17, Business Standard:

Top Japanese trading house Mitsubishi Corp has submitted a non-binding bid to buy Murphy Oil Corp’s Malaysian oil and gas assets valued at about $2.5 billion, a person familiar with the matter told Reuters.

India’s state-owned Oil & Natural Gas Corp and Oil India Ltd are among the other suitors preparing to submit bids for the Murphy assets, separate sources with direct knowledge of the process said.

…

 

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Posted by Wata

Saturday Star 2014-09-27 – Job Opportunities

September 29, 2014

Talbiyah (from 123muslim.com)

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 need RM360 to get The Star ePaper. Or go to Hajj, whichever you prefer.

  • I’m lining up jobs for next quarter, for IGL Services. Whisper to (better yet, carpe jugulum) your boss, and send work my way.
  • Nothing in the papers this week. With all the layoffs I heard, that is no surprise. Can I buy a lead process engineer for RM40/hr?

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? How if you visit Vietnam, how about visiting and updating GoHalalVietnam! for your food needs. For your other needs, talk to your local tour guide/ concierge / man on the street.

Need some new management techniques. How about these books?

The Dilbert Principle: A Cubicle’s-Eye View of Bosses, Meetings, Management Fads & Other Workplace Afflictions, Dogbert’s Top Secret Management Handbook, Dilbert and the Way of the Weasel

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

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