Bigger role for natural gas, says Petronas VP

July 19, 2014

Considering the price of natural gas used to generate electricity will based on the market price by January 2016, then yeah.

Dateline 2014-05-27, Daily Express:

Natural gas will play a central role in meeting the world’s increasing energy demand in the coming decades, said Mohamad Johari Dasri, Vice President, Production Malaysia, Petronas Carigali Sdn Bhd.

He said one possibility of trading natural gas is in the form of liquefied natural gas (LNG) which is currently representing almost 30 per cent of the imported natural gas worldwide.

In his keynote address titled “The Oil and Gas Industry in the Next Five Years”, he said the global energy map is changing, with potentially far-reaching consequences for energy markets and trade.

It is being redrawn by the resurgence in oil and gas production in the United States and could be further reshaped by a retreat from nuclear power in some countries, continued rapid growth in the use of wind and solar technologies and by the global spread of unconventional gas production, he said.

He said taking all new developments and policies into account, global demand has surged nearly 30 per cent to 88 million b/d (all liquids) since 1995 and expected to expand by around 12 per cent and to make up around 30 per cent of the world energy mix by 2020, according to EIA reference scenario.

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Is Malaysia’s Pengerang Part of Greater Singapore?

July 18, 2014

Definitely link bait. Please bite. Greater Singapore, indeed.

Dateline 2014-050-26, The Establishment Post:

Pengerang used to be a fishing village famous for its succulent lobsters. Each weekend a good number of Singaporeans would take a two-hour drive to get to the southernmost tip of Johor on the east to savour Pengerang’s lobsters and other sea delights fresh from the Johor Straits. It had at least eight seafood restaurants, way too many for a tiny township.

Two years ago, reclamation work started in the coastal area of Pengerang and there were no more fishermen and neither was there any more coast for fishing. This was the start of a massive RM170 billion (US$53 billion) project called the Pengerang Integrated Petroleum Complex (PIPC).

This is said to be the biggest project ever by Malaysia in terms of scale and size. Lawmakers and corporate leaders claim that this project Pengerang in will turn Malaysia into a mega petrochemical. But what about the Greater Singapore plan?

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Posted by Wata

Oil and gas firm’s gift to rural kids

July 17, 2014

Dateline 2014-05-25, The Star:

Thanks to a RM30,000 sponsorship, students in the interior will have NiE pullouts to make their English lessons interesting.

WHEN it comes to education, schools in rural areas are usually the ones that warrant the most attention.

With this in mind, oil and gas company ConocoPhillips Malaysia has lent a helping hand by sponsoring RM30,000 of The Star’s Newspaper-in-Education (NiE) pullout.

“I think NiE is an exciting programme and it is something that ConocoPhillips is very proud to be a part of,” said ConocoPhillips Malaysia president Mark Wheeler.
…

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Saturday Star 2014-07-12 – Job Opportunities

July 14, 2014

Selamat Berpuasa.

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.

  • I’m looking for a senior process engineer, 7+ years experience. Also looking for technical safety persons, metering / measurement engineers and other seniors you think will catch my eye.
  • Technip are looking for people, senior engineers, engineers of all ilk.  Visit here.
  • Kebabangan Petroleum Operating Company (KPOC to friends) has a three-page spread. Anyhow, the posts that they hope to fill are too numerous to name. Apply here, or snail mail to: Kebabangan Petroleum Operating Comp Sdn Bhd, Level 52, Tower 2, PETRONAS Twin Towers, KLCC, 50088 KL, Malaysia. Is the sudden surge of posts due to KPOC subtlety telling their existing staff “take a pay cut, or we’ll get fresh meat”? Hah, if you send snail mail, they want you to “indicate the position title at the top of the left corner of the envelope.” I’ll sell you copies of the print advertisement page at RM10/column.

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.

Some books for you to turn those bad numbers’ frown upside down.

  

Proofiness: The Dark Arts of Mathematical Deception, Bad Science: Quacks, Hacks, and Big Pharma Flacks, How to Lie with Statistics

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Posted by Wata

INTERIM MANAGEMENT STATEMENT – EnQuest

July 12, 2014

I thought this was a JV with Uzma?

Dateline 2014-05-16, TWST:

…

Malaysia.  EnQuest has secured a small field development with Petroliam Nasional Berhad (“PETRONAS”), the national oil company for Malaysia, for the development and production of petroleum from the Tanjong Baram field (“Tanjong Baram”) offshore Sarawak, Malaysia.  Net 2P reserves are c.3.5 MMboe, start-up is expected in late 2015 / early 2016.

Amjad Bseisu, Chief Executive, said

“Production of 25,597 Boepd to the end of April marks a good start to the year, reflecting strong reservoir and production efficiency performances from all of EnQuest’s hubs, and from Thistle in particular.

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Gas Malaysia Q1 earnings up 3.6% to RM41.61m

July 11, 2014

Dateline 2014-05-15, The Star:

Gas Malaysia Bhd‘s earning rose 3.6% to RM41.61mil in the first quarter ended March 31, 2014 from RM40.14mil a year ago.

The company said on Thursday revenue increased by 8.4 % to RM580.57mil  from RM535.44mil due to higher volume of gas sold by 10.2% and the number of customers. Its earnings per share were 3.24 sen compared with 3.13 sen.

Gas Malaysia said its earnings depend on the cost of the natural gas purchased and the volume of gas sold to customers.

The board expected an increase in the volume of gas and number of customers to continue in financial year 2014.

…

 

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IEM Shout Out – Talk on Introduction to Explosives in Industry

July 10, 2014

This is a shout out for the IEM. My Technical Division will be having a talk on Saturday 12th July, 2014 by IIr. Hj. Look Keman. It’ll be at 9:00am (makan-makan at 8.30am) at Wisma IEM. Due to the topic, I expect a lot of our friendly law enforcement and massive camera presence

 

Explosives is actually an essential part of our modern life. It is used to break rock in Quarries so that we can get aggregates for our roads, airport, housing and building construction, port, bridges and used in countless projects. With use of explosives we get minerals and metals, oil and gas, coal that provides the electricity that we need in our daily life. Explosives are also used in our annual Merdeka celebration to light our skies (fireworks) and we live with it daily in our cars (airbags). Explosives are sometimes used in medical treatment of heart. The fastest way to bring down old buildings is through the use of explosives.

 

There are so many uses of explosives in industry. The talk is to introduce the use of explosives that benefit our daily life and dispense the belief that explosives are used for destructive purposes only. It is also an introduction to futures course in explosives in civil, mining quarrying and other industries that are of interest to engineers by the technical division.

 

Ir. Hj. Look Keman graduated in 1979 in Mining Engineering from Strathclyde University, Glasgow, Scotland and M.Sc (Explosives Ordnance Engineering) from Royal Military College of Science, Cranfield University, England in 1991. He served as a Research Engineer specialising in Geotechnical Engineering/Slope Engineering and later as Inspector of Mines serving in Perak, Selangor and Negeri Sembilan and Malacca with the former Mines Department from 1979-1996. As a Government Engineer he oversees Construction blasting work in Kuala Lumpur at SOGO, Starhill, Pudu, Damansara and Selangor. He had experience in the investigation of Firework Factory where 26 people were killed.in 1991. He was responsible for designing a firework magazine for Al Famosa. After retirement he work as Consulting Engineer specialising in Explosives and Blasting work and also rock breaking using non-explosives demolition agent.

You can register here and download the flyer here.

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Posted by Wata

Petronas posts RM18.8b Q1 profit

July 9, 2014

Dateline 2014-05-15, Malaysia Chronicle:

Revenue surges to RM84 billion due to higher production, trading and sales volume

NATIONAL oil company Petroliam Nasional Bhd (Petronas) posted a net profit of RM18.8 billion for the first quarter ended March 31 2014, down by eight per cent compared with the corresponding quarter last year, despite revenue gain.

It attributed the fall in earnings to impairments for its operations in Egypt as well as higher operational costs.

Its pre-tax profit was slightly lower at RM27.2 billion from RM28.8 billion in the same quarter last year.

…

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Murphy Oil Seeks Sale of Malaysia Oil and Gas Assets

July 8, 2014

Time to take those CVs out for an airing, ladies. And can anyone loan me the cash to purchase them?

Dateline 2014-05-15, TWSJ:

Midsize U.S. energy firm Murphy Oil Corp. MUR -0.27% has begun an over US$2 billion sale of its Malaysian oil and gas assets, people with knowledge of the deal said.

The deal would make Murphy the latest U.S. oil company to shed overseas assets in an effort to refocus on business back home.

Murphy Oil is seeking to sell as much as 30% of its stake in its Malaysian assets, these people said.

The sale process is at an early stage, the people said, adding that the company is currently seeking bidders. The first round of bids are due in June, one of the people said, adding that the company hopes to wrap up the deal by the end of the year.

Murphy Oil didn’t respond to requests for comment.

…

 

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Saturday Star 2014-07-05 – Job Opportunities

July 7, 2014

Selamat Berpuasa.

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.

  • I’m looking for a senior process engineer, 7+ years experience. Also looking for technical safety persons, metering / measurement engineers and other seniors you think will catch my eye.
  • Hah, White Quest looking for a Senior Engineer, HSE & Risk Management, and Engineer / Senior Engineer, Asset Integrity. Come to us first, lah. We’ll help.  Send your CV here.
  • Who is Eversendai? I think they are positioning themselves to go into offshore structural work. Do they have a Tarpon killer app? They are looking for people, though not discipline engineers, mostly project people. Send your CV here.
  • 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 Project Engineer, Reservoir Engineer, or Legal Counsel, 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.

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.

Some books for you to turn those bad numbers’ frown upside down.

  

Proofiness: The Dark Arts of Mathematical Deception, Bad Science: Quacks, Hacks, and Big Pharma Flacks, How to Lie with Statistics

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

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