I’ll be visiting soon.
soon.
Kampung Halaman 02
March 19, 2014
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Malaysia, oil and gas | Tagged: Kerteh | 
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Posted by Wata
SapuraKencana Completes Purchase of Newfield’s Upstream Assets in Malaysia
March 18, 2014Yea?
Dateline 2014-02-11, Rigzone:
SapuraKencana Petroleum Berhad, Malaysia’s oil and gas services and solutions provider, announced Tuesday that the company has successfully completed the Share Purchase Agreement (SPA) for the acquisition of Newfield International Holdings Inc.’s entire equity interest in Newfield Malaysia Holding Inc. for $895.9 million.
The acquisition cost is below the $898 million purchase price previously reported as the price was subjected to adjustments as set out in the SPA, SapuraKencana said in a press release.
Following completion of the acquisition, SapuraKencana Energy Inc. (SKEI), a newly incorporated wholly owned upstream subsidiary of SapuraKencana, now holds equity interest in 8 Production Sharing Contracts (PSCs) and one alliance contract in Peninsular Malaysia, Sabah and Sarawak.
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Leave a Comment » | investment, Malaysia, oil and gas | Tagged: newfield, SapuraKencana | Permalink
Posted by Wata
Malaysia delays Sabah oil terminal start 3 mths-sources
March 16, 2014Since this article has a time delay of about a month, SOGT should be open now. And the article says ‘floating oil and gas production facility…’ Please, razmahwata.wordpress.com’s retainer fee is RM3.1416e3 monthly, pay that and we’ll correct the obvious errors. As for the outrageous booboos, we’ll emphasis them in for a lark.
Dateline 2014-02-11:
Malaysian state firm Petronas has postponed the start of operations at a floating oil and gas production facility in Sabah by at least three months due to a technical issue, industry sources said on Tuesday.
The Sabah Oil and Gas Terminal in Kimanis bay is key in the country’s plan to boost its crude production and exports from several deepwater oilfields in east Malaysia, but the project has been dogged by construction and technical issues.
The terminal was scheduled to start operations in the first quarter, but it may now export crude only in June or in the second half of the year, the sources said
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Leave a Comment » | Malaysia, oil and gas | Tagged: SOGT | Permalink
Posted by Wata
Highlight: PetGas 4Q profit jumps 33% y-o-y to RM394m
March 15, 2014Does The Edge website purposely make it had to use the c-C and c-V commands?
Dateline 2014-02-10, The Edge:
Petronas Gas Bhd (PetGas)’s net profit jumped 33% year-on-year (y-o-y) to RM394 million in the fourth quarter ended Dec 31, 2013, from RM295 million in the fourth quarter of 2012.
Revenue also rose 13% y-o-y to RM1.028 billion, from RM909 million.
The company proposed a final dividend of 40 sen per ordinary share under a single tier system for the financial year ended Dec 31, 2013. This amounts to RM791 million.
In a statement to Bursa Malaysia, PetGas said the profit increase was in line with the increase in revenue. In addition, there was higher other income and share of profit from associate and joint ventures.
The firm also said its larger profit was due to lower tax expense resulting from a change in deferred tax estimates. This came on the back of a lower future statutory tax rate.
PetGas said its revenue increase was largely due to regasification revenue. This followed commencement of the LNG Regasification Terminal operations in the second quarter last year and higher gas transportation revenue.
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Leave a Comment » | Malaysia, oil and gas | Tagged: petronas gas, PGB | Permalink
Posted by Wata
TH Heavy Engineering Lands Topside Deal for Kinabalu NAG Project off Sabah
March 13, 2014THHE seems busy now. Permas, Layang and now Kinabalu NAG. Hold on, isn’t Kinabalu Talisman’s field?
Dateline 2014-02-06, Rigzone:
TH Heavy Engineering Berhad, a Malaysia-based engineering and marine contractor, revealed Wednesday that its subsidiary, THHE Fabricators Sdn. Bhd. (TFSB) has received a Letter of Award from Petronas Carigali Sdn Bhd (PCSB) Jan. 28 for the supply of a topside for the Kinabalu Non-Associated Gas (NAG) Development Project in Malaysia, the firm said in an announcement on local stock exchange Bursa Malaysia .
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3 Comments | Malaysia, oil and gas | Tagged: Kinabalu, NAG, PCSB, THHE | Permalink
Posted by Wata
Kampung Halaman 01
March 12, 2014Come back and visit some time
Leave a Comment » | Malaysia, oil and gas | Tagged: Kerteh | Permalink
Posted by Wata
IEM Shout Out – Overview of Gas Turbine Overhaul in Power Plant
March 12, 2014This is a shout out for the IEM. My Technical Division will be having a talk on 15th March 2014. It’ll be at 9 am (makan-makan at 8:30) at Wisma IEM.
A Gas turbine is an essential machine in power plants to drive generators for producing electricity. To maintain its efficiency and reliability, a planned overhaul is required. The overhaul is carried out in the plant in a specified duration involving specialists, manpower, material and equipment while maintaining high safety standard. Thus, this overview talk will explain the participants on the basic activities involved in gas turbine overhaul in a Power Plant. It will cover the preparation, execution, commissioning, and closing out of the overhaul including the gas turbine main components.
The above will be presented by Ir. Roznan, who has been working in the power plant industry for the past 9 years as Technical Support, Project Manager, Contract Management and Customer Service.
You can register for the event here, and get the flyer here.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: IEM, OGMTD | Permalink
Posted by Wata
Extract from “The Will to Compete”
March 9, 2014About OPEC:
OPEC Head of States’ Algerian Declaration in 1974, stressed that OPEC member countries have the sovereign and inalienable right to the ownership, exploration and pricing of their natural resources…
Not less than five multinational oil companies were actively exploring for oil in Malaysia under the concession agreements.
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Visit here and buy books so I have some spending money. I expect you to buy the whole set of 4.
Leave a Comment » | Malaysia, oil and gas, Young Turks | Permalink
Posted by Wata
Murphy, Petronas sanction Malaysia FLNG project, 2018 startup targeted
March 9, 2014Dateline 2014-02-03, Platts:
A final investment decision for the floating LNG liquefaction project at the Rotan field in Malaysia has been reached, and it is on track to achieving first gas by 2018, US company Murphy Oil said Thursday during a presentation to discuss its 2013 financial results.
Murphy operates Block H offshore Sabah, where the gas will be sourced, while Malaysia’s state-owned Petronas will operate the 1.5 million mt/year FLNG facility.
On a call with analysts, Murphy CEO Roger Jenkins said the FLNG project “is now fully sanctioned by both parties and the oil-linked gas terms agreed. This is a major milestone for both companies.”
Petronas had said in June last year that it was aiming for FID by the end of 2013.
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Leave a Comment » | business opportunity, Malaysia, oil and gas | Tagged: FLNG, Murphy, Rotan | Permalink
Posted by Wata
Once ‘open’ Petronas now ‘closed’ to Borneo
March 8, 2014Really? I thought that there was a pretty good clampdown in Sabah and Sarawak, with other Malaysians requiring a work permit to work there. I guess they should increase the cost of coffee to give these permits out to applicants from the Western Eleven?
Dateline 2014-01-28, FMT:
National oil and gas company, Petronas, which was once transparent and receptive to Sabah and Sarawakian employees underwent somekind of a change in the 1990s, so much so that it reclused itself from Borneo, said opposition PKR.
Party vice-chairman See Chee How said that in the past Petronas had been transparent about the number of Sarawakian workers it employed.
“But this openess diminished. There has been no disclosures in the last decade.
“Petronas was once conscientious and open with its employment of Sarawakians in the corporation’s operations in the state.
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Leave a Comment » | Malaysia, Malaysian election, oil and gas | Tagged: Petronas, Sarawak | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 