Dateline 2014-10-21, Upstream:
Ensco has confirmed two oil rig workers were killed in an accident on board the Ensco 104 rig chartered to SapuraKencana off Malaysia.
Kinda short, ain’t it? Longer article here.
Ensco confirms two Malaysia rig deaths
December 26, 2014
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Posted by Wata
Sarawak not likely to get oil royalty increment, say sources
December 25, 2014Don’t you just love the tafseers and parsing taking place when certain phrases are “quoted”?
Dateline 2014-10-20, The Malaysian Insider:
The chances of Sarawak getting an increase in the oil and gas royalty payment is less likely after two rounds of talks with Petronas is said to have reached a stalemate.
Sources close to the state administration claimed the oil and gas company had reportedly balked at the state’s request to raise the royalty, from 5% to 20%, after both parties failed to agree on the quantum.
The Malaysian Insider learnt that negotiations with Petronas was “heavy going” and the company had given a “myriad of reasons” why it was refusing to meet the 20% request.
The source said a dispute on how the payment quantum should be calculated was also a hurdle too difficult to surmount at the talks.
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Posted by Wata
Show us your numbers, oil and gas expert tells govt
December 24, 2014Anyone know Anas Alam Faizli?
Dateline 2014-10-16, The Rakyat Post:
This morning, the Malaysian government’s fuel subsidy came to an end — or at least temporarily.
This was when as the price of RON95 fuel bought by the government and the price it was sold to the Malaysian public became equal, according to oil and gas expert Anas Alam Faizli.
“As of this morning, it broke even.
“If the retail price retains at RM2.30 (per litre) and the Mean of Platts Singapore (MOPS) drops further, it becomes a tax,” Anas told The Rakyat Post, pointing out that the price of RON95 was trending downward for the past two weeks.
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Posted by Wata
Petrostate myths; Is cheap fuel a blessing or curse?
December 23, 2014The article has lousy formatting, making you give your undivided attention to understand it… wait a minute…
Dateline 2014-10-15, The Malaysian Reserve:
It is not an exaggeration to claim that 20th century civilisations are hydrocarbon-based. Maybe many are not aware of this fact of how we are as a species is so dependent, or to be more precise: “addicted” towards this “Black Gold”. We eat, sleep and live by consuming and using petroleum.
In the age where modern science and technology reign supreme, as observed by renowned historian of technology Lewis Mumford, mankind now live in the so-called Paleotechnic age where every nook and cranny of our lives have been mechanised. Modern food production requires huge machineries and rampant usage of pesticides in agribusiness. This has made almost 90% of our food to have direct and indirect linkages to petroleum.
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Leave a Comment » | Malaysia, oil and gas | Tagged: Petrostate, Wan Ahmad Fayhsal Wan Ahmad Kamal | Permalink
Posted by Wata
Saturday Star 2014-12-20 – Job Opportunities
December 22, 2014On umrah this week. 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 want to go for umrah.
- I’m lining up jobs for next quarter, for IGL Services. Whisper to (better yet, carpe jugulum) your boss, and send work my way.
- You are welcome to write on open positions in the comments.
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.
How about some references to improve your health? I’ve been on this plan for about 16 weeks. Muscles have moved from buttery to rubbery.
You Are Your Own Gym: The Bible of Bodyweight Exercises, Body by You: The You Are Your Own Gym Guide to Total Women’s Fitness, 100 No-Equipment Workouts
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: Bookalicious, IGL | Permalink
Posted by Wata
Malaysia’s Oil & Gas sector downgraded
December 21, 2014Crap. Possible replacement of PETRONAS chief?
Dateline 2014-10-15, The Star:
PETALING JAYA: Slower project rollouts and delays in new tenders are expected to translate into a cut in earnings for local oil and gas (O&G) players over the next two years, according to research house AmResearch.
It said in a report yesterday that the impact would be more significant for domestic-centric upstream players, as opposed to more globalised operators such as Bumi Armada Bhd and SapuraKencana Petroleum Bhd or downstream service providers such as Dialog Group Bhd.
“We have downgraded our sector view to neutral from overweight given the slow rollout of domestic developments, downscaled projects, declining marine charter rates, increasing competition from overseas fabrication players due to the relaxation of local content requirements and deteriorating visibility of regional prospects, especially in Australia’s mega-billion gas field developments.
“Additionally, there are concerns that the possible replacement of Petronas president and chief executive officer Tan Sri Shamsul Abbas next year may lead to further temporary delays in contract awards,” AmResearch said.
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Posted by Wata
Will Kuala Lumpur Become the ‘Houston of Asia’?
December 19, 2014Dateline 2014-10-09, Oilprice.com:
Helped along by a stable, transparent, pro-business government, Malaysia has been quietly building itself into an oil and gas hub, and the world’s oil and gas companies — who increasingly see this country as a natural base for their broader Asian operations — have noticed.
With Singapore now the world’s most expensive city, Jakarta in constant gridlock and Bangkok the center of recurring coup activity, Kuala Lumpur is fast becoming the preferred central location for businesses looking to take advantage of the expected growth in South East Asia.
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Posted by Wata
Traders happy with GST-free fuel, retirees feel left out
December 18, 2014Malaysian Insider, 2014-10-11:
Even as traders welcomed the goods and services tax (GST) exemption for RON95 petrol, diesel and liquid petroleum gas (LPG), pensioners are feeling left out of Budget 2015.
Petty traders interviewed by The Malaysian Insider around the Klang Valley and Penang said they were delighted with the government’s tax-exempt move for its positive impact on the cost of goods used for their business.
“We are happy that the price of petrol will not increase, this ensures that the price of other goods does not go up. This gives us relief,” said Zaki, a kuih seller from Sungai Buloh.
Besides RON95 petrol, diesel and LPG will also be zero-rated while electricity consumption from the first 200 to 300 units will be GST-free. This move is expected to benefit 70% of households.
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Posted by Wata
Shell starts oil production from Gumusut-Kakap deep-water platform in Malaysia
December 16, 2014Ye, GuKa.
Deadline 2014-10-08, Oil & Gas News:
Shell has started oil production from the Gumusut-Kakap floating platform off the coast of Malaysia, the latest in a series of Shell deep-water projects.
The Gumusut-Kakap field is located in waters up to 1,200 metres (3,900 feet) deep. The platform is expected to reach an annual peak oil production of around 135,000 barrels a day, once fully ramped up. With oil production now under way, work on the gas injection facilities is continuing with an expected start-up during 2015.
“We are delighted to have reached this milestone with our partners,” said Andrew Brown, Shell Upstream International Director, “Gumusut-Kakap is our first deep-water development in Malaysia, and uses the best of Shell’s global technology and capabilities in deep water. The field is one of a series of substantial deep-water start-ups this year, driving returns and growth for shareholders.”
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Leave a Comment » | Malaysia, oil and gas | Tagged: Andrew Brown, Gumusut Kakap, Shell | Permalink
Posted by Wata
Saturday Star 2014-12-13 – Job Opportunities
December 15, 2014Happy Umrah. 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 want to go for umrah.
- 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 this week. Must be the drop in oil prices, and the ongoing layoffs. Anyone wan to point me to discounted engineers?
- I hear that Technip is still looking for project managers, senior project engineers, project engineers for Libra FPSO Project & Rapid. > 5 years experience. Send CVs to me, and a donation, and I’ll forward it on. Or save yourself some money, and send it to Technip directly.
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.
How about some references to improve your health? I’ve been on this plan for about 16 weeks. Muscles have moved from buttery to rubbery.
You Are Your Own Gym: The Bible of Bodyweight Exercises, Body by You: The You Are Your Own Gym Guide to Total Women’s Fitness, 100 No-Equipment Workouts
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: Bookalicious, IGL | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 