Asia’s No. 1 hub: Malaysia has ambitious plans for energy sector

May 21, 2013

From the Asahi Shimbun, dateline 2013-05-12:

By SYAHRILAZLI MAHAMMAD/ Executive director, Malaysia Petroleum Resources Corp.

With oil consumption in the Asia-Pacific region increasing more than 30 percent since 2000, Malaysia has been bolstering its role as an energy consumer and regional hub for energy trading. In cooperation with Singapore, with its strong financial and IT sectors, Malaysia–a key exporter of oil and gas to Japan–is striving to become a global center of the energy industry.

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Malaysia is a bridge between the markets of Europe and those of China and the rest of Asia. Until now, Malaysia has developed as an oil and gas producer, but economic growth has pushed domestic demand to the point where supply capacity will probably decline in future, not just in Malaysia, but throughout Southeast Asia.

In fiscal 2011, for example, Malaysia was the largest supplier of Liquefied Natural Gas (LNG) to Japan, but it now has started to import LNG from elsewhere. Malaysia is currently building facilities on the Strait of Malacca for the regasification of imported LNG for distribution across the country.

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Saturday Star 2013-05-11 – Job Opportunities

May 20, 2013

Buy my recommendations, or through my Amazon store. Where are those corporate sponsors? Or throw donations at me. I need money to purchase a dive light.

If you need my help to submit your CVs, donate to the blog, and I’ll review your CV to see if it is worthy of my (and my associates’) expectations. If you can’t figure out how to donate, no need to ask.

  • I’m looking for a senior process engineer, 7+ years experience. Send your cv here. Also looking for process safety persons, lead piping designer, lead instrument engineer, and other seniors you think will catch my eye.
  • No engineering weeks this week. Post-election stress disorder?
  • Side note: My mechanic complains that there are not enough trained mechanics are being extruded from our schools. If you know of any idle ones, he’s looking for some. Ask them to contact Kong Ming Chai at +60122951023. On another note, has this shortfall hit the news? Can I get the contract for 1Repair?

How about some local food? Alisara at Puchong Indah. Specialises in Thai food, and has mango with stick rice.

Break the Low Yat stranglehold! Support Newegg Malaysia.

Continue your technical safety education

  

Process Safety Analysis: An Introduction, Hazard Identification and Risk Assessment – IChemE, LNG Risk Based Safety: Modeling and Consequence Analysis, Process Safety Analysis: An Introduction.

2 Comments | engineering, Malaysia, oil and gas | Tagged: , , | Permalink
Posted by Wata

More activity ahead for O&G sector

May 19, 2013

From the Borneo Post, dateline 2013-05-07:

 The recently held general elections will likely spur more activity in the oil and gas (O&G) industry as a faster pick-up in momentum for the rollout of projects in Malaysia, which has seen a lull in the past two months.

In a sector update, AmResearch Sdn Bhd (AmResearch) said that the projects that had been delayed included the RM8 billion to RM10 billion Pan-Malaysian hook-up, construction and commission (HUCC) umbrella contract as well as several massive fabrication contracts for central processing platforms off Terengganu and East Malaysia.

The research house pointed out that there was concern that past contracts which had been awarded to politically-linked stocks like SapuraKencana Petroleum Bhd (SapuraKencana) could be opened for review.

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Posted by Wata

Malaysians could see fuel subsidy cuts after Najib victory

May 18, 2013

File this under ‘obvious’

From Platts, 2013-05-06:

Malaysians could witness their first fuel subsidy cut in 2 1/2 years, following the victory of incumbent Prime Minister Najib Razak in the Sunday elections, HSBC said in a note Monday.
According to the bank, Najib, who has made fiscal reform his priority, could look at cutting subsidies as early as this year.
Malaysia subsidizes 95 RON gasoline and diesel, the prices of which were last raised by MR0.05 ($0.02)/liter to MR1.90/liter and MR1.80/liter, respectively, on December 1, 2010.
Subsidies on 97 RON gasoline were removed in July 2010, and the fuel is subject to a managed float, where the price is determined by an automatic pricing mechanism that tracks international oil price movements.

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2 Comments | engineering, Malaysia, oil and gas | Tagged: , | Permalink
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Malaysia’s Melaka LNG terminal receives Nigerian commissioning cargo

May 17, 2013

From Platts, 2013-05-03:

Malaysian state-owned Petronas’ LNG terminal at Melaka received its first commissioning cargo onboard the Seri Bijaksana, which arrived and docked at the regasification terminal’s jetty on April 30, Platts vessel tracking data cTrack showed Friday.

The Seri Bijaksana, which is 152,900 cubic meters in size, is owned by MISC Berhad, a subsidiary of Petronas, and was carrying a cargo from Nigeria to the Asia Pacific. Ship tracking data showed that it was diverted when it was halfway through the Strait of Malacca, making a 90-degree left turn to the terminal before arriving on April 30.

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1 Comment | business opportunity, oil and gas | Tagged: , | Permalink
Posted by Wata

Marketing Rounds – Lessons Learnt Workshop

May 15, 2013

Gentleman,

Can you share your findings?

1-2013-03-01 08.26.14

1 Comment | Malaysia, oil and gas | Tagged: | Permalink
Posted by Wata

Saturday Star 2013-05-04 – Job Opportunities

May 13, 2013

Buy my recommendations, or through my Amazon store. Where are those corporate sponsors? Or throw donations at me. I need money to purchase a dive light.

If you need my help to submit your CVs, donate to the blog, and I’ll review your CV to see if it is worthy of my (and my associates’) expectations. If you can’t figure out how to donate, no need to ask.

  • I’m looking for a senior process engineer, 7+ years experience. Send your cv here. Also looking for process safety persons, lead piping designer, lead instrument engineer, and other seniors you think will catch my eye.
  • No engineering weeks this week. Post-election stress disorder?
  • Side note: My mechanic complains that there are not enough trained mechanics are being extruded from our schools. If you know of any idle ones, he’s looking for some. Ask them to contact Kong Ming Chai at +60122951023. On another note, has this shortfall hit the news? Can I get the contract for 1Repair?

How about some local food? Alisara at Puchong Indah. Specialises in Thai food, and has mango with stick rice.

Break the Low Yat stranglehold! Support Newegg Malaysia.

Continue your technical safety education

  

Process Safety Analysis: An Introduction, Hazard Identification and Risk Assessment – IChemE, LNG Risk Based Safety: Modeling and Consequence Analysis, Process Safety Analysis: An Introduction.

1 Comment | engineering, Malaysia, oil and gas | Tagged: , , | Permalink
Posted by Wata

Higher royalty versus state ownership of Petronas

May 12, 2013

Oldie but goldie: From the FMT, dateline 2013-04-30:

The oil royalty debacle is perhaps one of the popular components for both Barisan Nasional (BN) and Pakatan Rakyat (PR) as the nation approaches polling day on  May 5. In Kelantan, the “R” for “royalty” movement has in fact been proliferating, especially amongst PR supporters.

For years, we have seen the fight for royalty highlighted by the four producing states, namely Terengganu, Kelantan, Sabah and Sarawak.

While Kelantan continues with its ongoing battle for legitimacy of its claims under the Petroleum Development Act 1974, Sabah and Sarawak local dailies have been putting forth their plight for a bigger than 5% share over oil and gas incomes.

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Why Terengganu Malays should no longer vote for UMNO/BN

May 11, 2013

History, but an interesting post.

Dateline 2013-04-28, Malaysian Chronicle:

In the first part of this article (see Why Malays should no longer vote for UMNO/BN), I highlighted the historical aspect of the general election in Malaysia and linked the election promises made by Umno/BN to certain policies of the government like the NEP and the mega projects.

The conclusion of the article was that the Malay voters should have rejected leaders from Umno/BN a long time ago for their failure to fulfil the targets and objectives of the various policies including the NEP. Also, many of the Umno leaders from that era were enriching themselves under the guise of the NEP implementation.

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Fighting Off Trouble at Home, Petronas Tries to Beef Up Oil & Gas Production

May 9, 2013

From Energy Tribune, dateline 2013-04-xx:

Malaysia’s oil and gas major PETRONAS has seen better days. The state-owned company is vested with the entire oil and gas resources in the country as well as its exploration and production (E&P) and is subject only to the prime minister who controls appointments to the company’s board.

Until recently, Fortune listed PETRONAS as one of the largest and most profitable companies in the world and the most profitable in Asia. However the company’s size hasn’t help it ward off recent problems.

Net profit decline

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Posted by Wata

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