Petronas to delay $19 billion petrochemicals project

September 20, 2013

Okay, this is really out of date info, but I’m behind, so much news to share. “Water supplies”?

From FMT, dateline 2013-07-30:

Petronas will start up its $19 billion petrochemicals complex in Malaysia in 2018, the company told Reuters on Tuesday, signaling a further delay in the country’s largest-ever infrastructure project.

A delay to the project in  Johor could deal a potential blow to the economy of  as well as local oil and gas services firms hoping for work on the massive complex.

A source familiar with Petronas’ business strategy told Reuters the project had been complicated by a need to secure water supplies as well as cater for proposed international partners.

…

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Posted by Wata

UMW Oil & Gas Corp gets Bursa’s nod to list

September 19, 2013

From the Star, dateline 2013-07-30:

UMW Oil & Gas Corporation Bhd has received Bursa Malaysia Securities‘ approval to list on the Main Market.

Its joint-principal advisers Maybank Investment Bank Bhd and CIMB Investment Bank Bhd said in a joint statement on TuesdayBursa Securities had, vide its letter dated July 29, approved the listing.

The listing exercise involved the 2.162 billion shares of UMW-O&G at 50 sen each.

Reports speculated the offer price to RM3 per share, raising up to RM3bil for the conglomerate.

…

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What is a busbar?

September 18, 2013

You know, I’m kinda dungu when it comes to electrical systems with a voltage above 12V.

I used to think a busbar was a physical bar, to which you attach connections if you wanted to tap off power from it. Then electrical engineers tell me, nope, that’s not what is meant when the expression is used in one-line diagrams.

Book of Knowledge says I’m right. Anyone care to enlighten me?

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Posted by Wata

Ranhill Withdraws Plan to List on Bursa Malaysia

September 17, 2013

Ah, Ranhill, what shall we do with thee? Dateline 2013-07-29, Rigzone:

Ranhill Energy and Resources Bhd announced that it has withdrawn an initial public offering (IPO) to raise $236 million (MYR 753 million) on Malaysia’s stock exchange Bursa Malaysia.

This follows the disclosure last week that Malaysia’s national oil and gas firm Petroliam Nasional Bhd (Petronas) has suspended an affiliate’s license following a review of a construction project. The affiliate Perunding Ranhill Worley Sdn Bhd (PRW) cannot bid for any projects from Petronas without the license.

…

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Saturday Star 2013-09-14 – Job Opportunities

September 16, 2013

Well wishes on Malaysia Day.

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 process safety persons, metering / measurement engineers and other seniors you think will catch my eye.
  • ExxonMobil is looking for an Electrical SME. Since they accept diploma holders, does this mean that you don’t have to be registered as an engineer in this country? BEM police, please help. Apply here if interested.

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.

Break the Low Yat stranglehold! Support Newegg Malaysia, or check Amazon’s International Shipping. Yeah, baby!

I’ve had days of interpreting bad data. Apparently is catching.

  

Bad Science: Quacks, Hacks, and Big Pharma Flacks, Bad Astronomy: Misconceptions and Misuses Revealed, from Astrology to the Moon Landing “Hoax”, Bad Pharma: How Drug Companies Mislead Doctors and Harm Patients

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? Doctor says I need to lose weight, sugar, cholesterol. Wish me luck.

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Posted by Wata

Ranhill IPO Probed by Regulator as Malaysia Listing Deferred

September 15, 2013

Probe sounds so obscene… Dateline 2013-07-25, The Star.

Malaysia’s Securities Commission is reviewing Ranhill Energy and Resources Bhd.’s 753 million ringgit ($235 million) initial public offering and investors who subscribed may be offered their money back.

The regulator ordered the Kuala Lumpur-based energy and water group and its adviser Maybank Investment Bank Bhd. to postpone the listing slated for next week after an affiliate got a suspension notice from state-owned Petroliam Nasional Bhd. Proceeds from the share sale are being safeguarded by two banks and the Malaysian Issuing House Sdn., Ranhill Energy said in a statement yesterday.

…

 

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Posted by Wata

Mida in talks with foreign investors on O&G, alternative energy

September 12, 2013

Time for an exit strategy. Dateline 2013-07-26, The Star:

Malaysian Investment Development Authority (Mida) is currently in talks with potential investors in alternative energy, oil and gas and advanced electronics.

Chief executive officer Datuk Noharuddin Nordin said some of these foreign companies were also interested in setting up their operational headquarters or regional service centres in Malaysia.

Speaking to Bernama in Bangkok recently, he said the companies were not only looking at Malaysia but were also considering other countries in the region.

“So, we are in the process of convincing them to decide on Malaysia and, hopefully, they can make the decision within this year,” he said.

Noharuddin said there had been an increasing trend whereby investor interests would gradually come from markets that were not traditional to Malaysia; for example, traditionally investments from Europe would come from the UK and Germany.

“Now we are seeing a lot of interests of companies coming from France and Spain. These are not our traditional sources of investments, which are something very encouraging,” he said.

…

 

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Petronas takes search for chief risk officer to S’pore

September 11, 2013

Dateline 2013-07-24: No article available.

WIll the CRO be on the take? This article says they are going to Singapore to look for talent. Sigh… I guess there’s no talent to be had in Malaysia. You can follow the LinkedIn advert here.

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Posted by Wata

Ranhill Energy IPO ‘back on track’

September 10, 2013

Dateline 2013-07-26, Malaysia Chronicle:

Ranhill Energy and Resources Bhd’s RM753 million initial public offering (IPO) seems to be back on track after Petroliam Nasional Bhd (Petronas) lifted a freeze on a licence owned by an affliate company.

It is understood that Ranhill will meet with key Securities Commission (SC) officials early next week to discuss if the IPO can proceed as originally scheduled.

The stock was due to debut on Bursa Malaysia’s Main Market on July 31.

“The SC will make a decision on whether to allow Ranhill to be listed next Wednesday, or have them reschedule the IPO to a later date,” sources told Business Times.

…

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Posted by Wata

Saturday Star 2013-09-07 – Job Opportunities

September 9, 2013

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 process safety persons, metering / measurement engineers and other seniors you think will catch my eye.
  • Murphy is looking for a Sarawak senior HSE advisor (give us the contract). Send your cv here.
  • ExxonMobil is looking for an Electrical SME. Since they accept diploma holders, does this mean that you don’t have to be registered as an engineer in this country? BEM police, please help. Apply here if interested.
  • 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”?
  • Phillips 66 is looking for a production planning engineer for the JV oil refinery in Melaka, though this is a KL post.  Send your cv here.

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.

Break the Low Yat stranglehold! Support Newegg Malaysia, or check Amazon’s International Shipping. Yeah, baby!

Self Promotion this week. I have some copies of

  • The Young Turks of PETRONAS
  • Tuah Jebat di PETRONAS
  • The Will to Compete
  • Pantang di Cabar

Visit here for more details.

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? Doctor says I need to lose weight, sugar, cholesterol. Wish me luck.

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

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