Sarawak can go it alone – Dixon Fong

June 27, 2014

Dateline 2014-05-01, The Malaysian:

I read Brewin Edward Emprang’s article and found it mind-blowing. The author might have skipped some fundamentals while expressing his views. I am a Sarawakian and thus, I hope I am not wasting your time here.

The author mentioned that Petronas does not have the equipment and expertise needed for oil exploration and excavation.

I beg to defer on this statement. Petronas, one of the Fortune 500 companies, has the talents required to be profitable on an annual basis.


New player seen in Malaysia oil & gas sector

June 24, 2014

Hah, and I always said we could have a bottled water vendor in the O&G space.

 

Dateline 2014-05-05, Seatrade Global:

A Sarawak-government linked group is believed to be looking at injecting MYR200m ($61.5m) in oil and gas (O&G) fabrication assets into a reverse takeover of loss-making bottled water company BIO Osmo to transform it into an O&G company, local reports said.

The speculation has also been prompted by recent changes in its shareholding, including the emergence of Tanjung Offshore managing director Harzani Azmi as a substantial shareholder in January.

Tanjung is looking for a core business after selling its offshore supply vessel business to Ekuiti Nasional for MYR220m in July 2012.The group has been on the look-out for a shell company for some time and Bio Osmo, which is debt free after having undergone a recent restructuring exercise, fits the bill.


Saturday Star 2014-06-21 – Job Opportunities

June 23, 2014

Happy School Holidays.

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. Also looking for technical safety persons, metering / measurement engineers and other seniors you think will catch my eye.
  • ExxonMobil is looking for Drilling Rig Supervisors.Visit here.

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 DeceptionBad Science: Quacks, Hacks, and Big Pharma FlacksHow to Lie with Statistics


Sabah oil doesn’t need another ‘broker’

June 22, 2014

And we see M3Nergy is in the news

Dateline 2014-05-02, Free Malaysia Today:

In the 1980’s the Sabah Energy Corporation (SEC) was established to develop oil and gas projects in Labuan.  Asian Supply Base Sdn Bhd is one of its subsidiaries.

The SEC’s responsibility was to develop the integrated Sabah Gas Utilisation Project in Labuan whereby excess gases piped in from offshore fields are used to make hot briquette iron and methanol.

Excess heat was used for power generation.

But SEC sold off  the integrated gas projects. SEC is now responsible for providing gas for industrial use in the Kota Kinabalu Industrial Precinct (KKIP) but this however is limited to only 2 million cubic feet of gas sales daily.

In the 1990s the Sabah Government established Petrosab, a subsidiary of Innoprise, the business arm of Yayasan Sabah.


Stop hiding, stand up to Putrajaya

June 19, 2014

Yeah, why dontcha?

Dateline 2014-04-26, Free Malaysia Today:

Chief Minister Musa Aman’s move to use bloggers to stoke discussions on Sabah’s oil and gas rights is a cowardice act, even if it is merely to gauge the federal government’s receptiveness, said political maverick Jeffrey Kitingan.

“It is not proper and transparent governance. The suggestion (to use bloggers to fight his battles) came up after he (Musa) refused to discuss the matter in depth during assembly.

“The Chief Minister should realise that it is not wrong for him and the state government to demand for ownership of Petronas.


Saturday Star 2014-06-14 – Job Opportunities

June 16, 2014

Happy School Holidays.

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. Also looking for technical safety persons, metering / measurement engineers and other seniors you think will catch my eye.
  • Nothing else catches my eye.

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 DeceptionBad Science: Quacks, Hacks, and Big Pharma FlacksHow to Lie with Statistics


Malaysian ISO’s Iranian oil brokerage confirmed

June 15, 2014

Dateline 2014-04-23, Trend:

The Supreme Audit Court of Iran confirmed that a subsidiary of the National Iranian Oil Company (NIOC) sold several crude oil and condensate freights worth about $1 billion to International Safe Oil Company in the second half of 2012.

The exact value of sold cargoes is $1,004, 609, 117.

According a report released by the Supreme Audit Court of Iran says that the Malaysian International Safe Oil Company (ISO) should have paid off its debt by the end of 2012, but hadn’t.

The U.S. and EU adopted tough sanctions targeting Iran’s oil revenues in mid-2012 to persuade Iran to curb its sensitive nuclear activities. After sanctions, Iran’s oil exports dropped significantly and went from 2.5 million barrels to 1.07 million barrels per day in 2013.

Iran reportedly has been using various ways to bypass the imposed sanctions on both its oil exports and transferring the payments.


Alternative energy sources sought due to spike in natural gas costs

June 12, 2014

And the free market adjusts itself. Dateline 2014-04-18, Hydrogen Fuel News:

Increasing gas prices have caused some industries to evaluate their fuel requirement plan.
Some glove producers and steel manufacturers are considering other alternative energy sources for fuel to replace natural gas, due to upcoming hikes in gas prices that are anticipated to worsen the operational costs for these businesses.
Some manufacturers may turn to alternative fuel sources to decrease additional gas costs.
Although likely not the first manufacturer to do so, Supermax Corporation Berhad, is one chief glove manufacturer that has affirmed it would be investing in alternative sources that include renewable energy and biomass, to avoid having to pay more for rising gas prices.

 


IEM Shout Out – Technical Visit To Aker Solutions Malaysia Sdn Bhd (Subsea Products And Services)

June 11, 2014

This is a shout out for the IEM. My technical division will be hosting a trip to the Aker Solutions Malaysia Sdn Bhd (Subsea Products And Services) on the Wed 18th June, 2014. You will be anointed with 3 CPD / PDP hours.

Aker Solutions is a global provider of products, systems and services to the oil and gas industry. Their engineering, design and technology bring discoveries into production and maximize recovery from each petroleum field. They employ approximately 28,000 people in about 30 countries.Aker Solutions portfolio of oilfield products, systems and services, stretches all the way from the reservoir to the wellstream processing systems generating marketable and valuable hydrocarbon products. Their target is to deliver the best.

Each product, system and service competes on a standalone basis in the market but with their broad portfolio and experience, they understand the challenges and apply the knowledge to create optimal solutions. Aker Solutions ASA is the parent company in the group, which consists of a number of separate legal entities. Aker Solutions is used as the common brand and trademark for most of these entities. In 2012 Aker Solutions had aggregated annual revenues of approximately NOK 45 billion. The company is listed on the Oslo Stock Exchange.

Register  here and the Flyer here.


IEM Shout Out – Full-Day HAZOP Training For Team Members – A Practical Approach

June 10, 2014

My technical division will be hosting a 1 day seminar on the 26th June, 2014. It is worth 6.5 CPD points, and held at Wisma IEM. Since I’m giving it, I expect hoards will have to be turned away at the gates.

A Hazard and Operability study is a formal and systematic and detailed examination of the process and engineering intentions of new or existing facilities which assesses the hazard potential and effects on the facility as a whole when operation is outside of the design envelope, or individual items of equipment malfunction.

This course is designed to educate participants in the HAZOP process from the perspective of a HAZOP team member. It is meant to provide both instruction and workshop sessions so that the participants:

  • Are familiar with the concept of ‘risk’
  • Are familiar with the theory behind HAZOP
  • Are familiar with the actual HAZOP workshop process
  • Have expectations as to what the HAZOP will (and won’t provide)
  • Understand what deliverables can be expected from a HAZOP
  • Have the opportunity to participate in HAZOP exercise in a safe environment
  • Opportunity to share HAZOP experiences

At the end of the session, the participants should:

  • Understand the responsibilities of all parties in the HAZOP
  • Have experience in a HAZOP session.
  • Understand the outcomes from a HAZOP session

Wata has 16 years of experience in the oil and gas industry, in both design and operations.

Register here, or download the form here.