Malaysia’s Petronas third quarter profits jump by nearly 20 percent

January 9, 2014

Dateline 2013-11-13, The China Post:

Malaysian state energy firm PETRONAS said Tuesday its third-quarter net profit rebounded, rising 19.5 percent year-on-year due to higher sales of crude oil and other products.

Revenue for the third quarter was up 19.2 percent to 81.4 billion ringgit compared to 68.33 billion ringgit last year, said the company, Malaysia’s only representative in the Fortune 500.

The increase in revenue was driven by higher sales of crude oil, processed gas and other products on the back of stronger customer demand, together with the effect of the strengthening of the dollar against the ringgit.

…

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MOF willing to assist Labuan emerge Malaysia’s International O&G hub

January 8, 2014

Dateline 2013-11-13, The Edge:

The Finance Ministry is willing to help Labuan realise its aspiration of emerging as Malaysia’s international oil and gas hub, says Deputy Finance Minister Datuk Ahmad Maslan.

He said the federal government was seriously looking at developing the oil and gas sector in Labuan.

“With increasing international and local players operating in Labuan the Federal government, through the Ministry of Finance, is willing to assist turn the plan into a reality,” he told Bernama.

Ahmad Maslan said the active participation of local players was crucial in developing the island’s economy.

“What we would like to see is more local participation in the oil and gas sector,” he said.

…

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Posted by Wata

Saturday Star 2014-01-04 – Job Opportunities

January 6, 2014

Buy my recommendations, or through my Amazon store. 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. Send your cv here. Also looking for technical safety persons, metering / measurement engineers and other seniors you think will catch my eye.
  • Nothing of interest this week.

Help me (and you) increase my cloud presence. Pleease use some form of cloud storage, so if you lose your laptop with those oh-so-important reports, be assured that (with Internet access) the files are still accessible. Use my referrals for Dropbox, MiMedia,  SpiderOak, MediaFire, Ubuntu One, Sugar Sync.

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!

This week, my theme is, you need to be a better all round engineer. Hence, some selections for the process engineer:

A Simple Guide To Understanding Jet Engines, Process Plant Instrumentation: Design and Upgrade, Mechanical Design of Process Systems: Piping and Pressure Vessels

The IEM has a coffee table book out, Engineering Heritage of Malaysia (no, it is not Datuk Seri Samy Vellu’s bio). Visit here for details.

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Posted by Wata

NEL Appoints Industry Veteran to Launch Asia Pacific Flow Measurement Business

January 5, 2014

Nah, come see me first about your measurement needs. You know you want to.

Dateline 2013-11-11, Jakarta Post:

NEL has appointed Gilbert Tonner as Regional Manager as it launches its flow consultancy business in the Asia Pacific region. With inaccurate flow metering estimated to cost the industry billions of dollars per year worldwide, stakeholders are demanding greater accountability from oil and gas operators in the region.

Based in Kuala Lumpur, Malaysia, the new manufacturer-independent business will offer a range of unbiased training, testing and calibration support to oil & gas operators in Asia Pacific. This follows PETRONAS, the national oil company of Malaysia, awarding NEL a licence to operate.

…

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Posted by Wata

First Oil Commences at Balai Field in Balai Cluster RSC offshore Sarawak

January 4, 2014

Dateline 2013-11-11, Rigzone:

Petroliam Nasional Berhad (Petronas) announced Sunday that oil production from the Balai field in the Balai Cluster Risk Service Contract (RSC) area offshore Sarawak, Malaysia has commenced Nov. 6.

The field’s first oil was achieved utilizing an early production vessel (EPV) as a part of the RSC area’s extended well testing (EWT) program.

The Balai Cluster RSC was awarded in August 2011 to BC Petroleum Sdn Bhd, a partnership between Roc Oil (Malaysia) Pty Ltd, Dialog D & P Sdn Bhd and Petronas Carigali Sdn Bhd. It is the second RSC that has successfully achieved oil production after the Berantai gas field.

…

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Posted by Wata

Oil tanker hijacked off Malaysia

January 3, 2014

Dateline 2013-11-08, Bangkok Post:

An oil tanker has become the second such vessel to be hijacked in Malaysian waters in four weeks, the International Maritime Bureau said on Friday, pointing to rising piracy in the region.

The Panamanian-flagged vessel was boarded  on Thursday by 10 armed pirates, who emptied it of the oil it was carrying into another ship before disembarking.

In early October a Thai-flagged oil tanker went missing for two days after a hijacking before being released without its cargo.

The IMB said there had been an increase in the number of attacks on Malaysia’s coast recently but added it could not be sure if the two most recent attacks were by the same group.

“This is the third attack in two months, with the last two using the same modus operandi to steal the gas oil,” said Noel Choong, head of IMB’s Kuala Lumpur-based piracy reporting centre.

…

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Posted by Wata

Saturday Star 2013-12-28 – Job Opportunities

December 30, 2013

Happy ‘max out your PTPTN allowances’ week (don’t forget that offshore bank account).

Buy my recommendations, or through my Amazon store. 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. Send your cv here. Also looking for technical safety persons, metering / measurement engineers and other seniors you think will catch my eye.
  • Nothing of interest this week.

Help me (and you) increase my cloud presence. Pleease use some form of cloud storage, so if you lose your laptop with those oh-so-important reports, be assured that (with Internet access) the files are still accessible. Use my referrals for Dropbox, MiMedia,  SpiderOak, MediaFire, Ubuntu One, Sugar Sync.

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!

This week, my theme is, you need to be a better all round engineer. Hence, some selections for the process engineer:

A Simple Guide To Understanding Jet Engines, Process Plant Instrumentation: Design and Upgrade, Mechanical Design of Process Systems: Piping and Pressure Vessels

The IEM has a coffee table book out, Engineering Heritage of Malaysia (no, it is not Datuk Seri Samy Vellu’s bio). Visit here for details.

Food?I had lunch at Chakri Palace, KLCC. Blooming expensive. Anyone want to treat me to dinner there?

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

Petronas finds new gas deposits in S’wak, Sumatra, Australia

December 27, 2013

Dateline 2013-10-31, The Star:

Petronas today announced new gas discoveries in three of its upstream ventures in Malaysia, Indonesia and Australia.

In a statement today, it said the first discovery was via the Pegaga-1 well in Block SK320, offshore Sarawak, which is operated by Mubadala Petroleum through a Malaysian affiliate.

The Pegaga-1 well is located about 250 km northwest of Bintulu, in a water depth of 108 metres.

“The operator plans to conduct further drilling to determine the volume of the discovery and the gas quality,” the company said.

Its unit, Petronas Carigali Sdn Bhd has a 25% interest in the block.

…

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Posted by Wata

Firm debut for UMW Oil & Gas amid cautious market

December 26, 2013

Yes, ancient history.

Dateline 2013-11-01, The Star:

UMW Oil & Gas Corp Bhd (UMW O&G) made a firm debut on theMain Board of Bursa Malaysia on Friday, rising to a high of RM3.05, which is 25 sen above its final retail price of RM2.80.

It opened at RM3. At 9.01am, it was trading at RM3.03, up 23 sen. There were 27.47 million shares done.

The FBM KLCI fell 4.04 points to 1,802.81. Turnover was 52.18 million shares valued at RM95.05mil. There were 71 gainers, 64 losers and 107 counters unchanged.

…

 

 

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Posted by Wata

The price of energy

December 24, 2013

Dateline 2013-10-30, The Star:

DURING the British Prime Minister’s question time in the British House of Commons last Wednesday, the British Prime Minister David Cameron and the Opposition Leader Ed Miliband had a heated debate over energy prices in Britain. This debate is not something new in Britain as for the past few months, British political parties have been coming up with ideas to try to bring down energy prices. In fact, rising energy prices is a global
phenomenon due to the soaring global fuel prices and the same is true for us here in Malaysia.

But why do the global fuel prices affect our electricity bills? This a valid thought, but it might be worthwhile reflecting deeper on how this connection works. It all comes down to how electricity is produced.

In Malaysia electricity is produced through four main sources – liquified natural gas (LNG), coal, petroleum, and hydro power. The most recent estimates put LNG at around 46 percent of the generation mix while coal and oil make up 52 percent, and the remainder being hydro. This means that almost all the power produced in the country is subject to the prices of LNG, oil or coal, since these are the primary energy sources.

…

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Posted by Wata

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