Special panel to study oil revenue payment

August 18, 2012

Exsqueeze me? Why do we need a special panel to study oil revenue? Is this because Pahang & Johor are now considered East Coast states, and what a cut due to their loyalty to the government?

Dateline 2012-08-04:

 The government has agreed to set up a special committee to study in a fair and transparent manner the issue of cash payment from petroleum revenue to the states in the east coast of Peninsular Malaysia.

Prime Minister Najib Tun Razak said the special committee would be chaired by former chief justice, Abdul Hamid Mohamad, and members of the committee would comprise legal experts from within and outside the country, and representatives from the Pahang, Kelantan and Terengganu state governments consented to by the Sultan of the respective states.

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

Getting Labuan folk ready for oil, gas boom

August 17, 2012

Dateline 2012-08-03:

Plants, pipes and complexes are not the only things that need to be prepared as the island gears itself to be a leading oil and gas hub in Asia.

The 80,000 people on the island too need to be ready for the ambitious plan to harness the lucrative industry that had seen investments pouring in over the years.

Opportunities are bound to come with the recent announcements of new oil field discoveries off Sabah, as well as major Petronas projects on the cards, amounting to RM45 billion (S$18.2 billion) in the years to come.

Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja Zainal Abidin recently visited the island and met with the business community to assert the government’s plan to turn it into a leading oil and gas hub.

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

Saturday Star 2012-08-11 – Job Opportunities

August 13, 2012

To all readers, Ramadhan Mubarak (yes, I’m a few days late, not making up my own madhab). Be a bit more patient and tolerant to fellow beings, and start helping out those less fortunate then us. Invite me over for tarawikh prayers, iftar optional, wifi a must.

C’mon. Buy my recommendations, or through my Amazon store. I need the money to pay for my new camera. Where are those corporate sponsors? Or throw donations at me.

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.
  • Schlumberger is looking for a sales engineer – production engineer. Email your resume in before 15th September.
  • I see that QatarGas is looking for people.They are looking for a Senior Operator (Offshore). Apply here or snail mail to Uzma Engineering, No. 68 & 70 Fraser Business Park, Jalan Metro Pudu 2, Off Jln Yew, 55200 Kuala Lumpur.

May I suggest that readers try Bluestacks? Run your Android apps on your Windows tablet, so you can buy that Win8 tablet (and buy me one) without worrying you won’t have anything to play on it!

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!

As this is Ramadhan, the mind turns to the history of computer hacking. Yes, you go find the link between the two.

  

Microsoft Word 2010 In Depth, Microsoft Word 2010 Step by Step (Step By Step (Microsoft)), Microsoft Word 2010 Plain & Simple: Learn the simplest ways to get things done with Microsoft Word 2010!

This week’s food promotion is … any sponsored iftar I can find.

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

Can Petronas sustain growth?

August 12, 2012

Dateline 2012-08-03:

Daniel Johnston, in his book International Petroleum Fiscal Systems and Production Sharing Contracts, noted that Malaysia has one of the toughest fiscal systems in Southeast Asia” after an extensive research covering 148 oil- and gas-producing nations and their respective petroleum taxation systems.

In simple language, he means that we have the toughest regulations to ensure we get the most from foreign oil and gas operators harvesting petroleum from Malaysian territories.

If this is the case, why are foreign operators like Shell and Exxon still able to find it profitable and attractive to come and develop oil in Malaysia?

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

Gas Malaysia world class in efficiency, reliability: Maybank IB

August 11, 2012

Really?

Dateline 2012-07-31:

Gas Malaysia Bhd is “world class” in efficiency and reliability, on par if not better than its regional comparables, despite operating in a near monopolistic yet limiting environment, says Maybank IB Research.

Gas Malaysia which is the sole licenced operator and distributor of natural gas in Peninsular Malaysia to customers who consume five mmscfd (Million Standard Cubic Feet per Day) of natural gas and below, is operationally a price and volume taker.

The buying and selling prices of natural gas are currently determined by the government while the right to supple gas is governed by the Gas Supply Agreement with Petronas.

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

Malaysia tanker toll rises as last body found

August 10, 2012

Old news, but a late reminder is better than no reminder.

Dateline 2012-07-30:

 Firefighters on Monday recovered the body of the last crewman missing after a Malaysian tanker exploded off Borneo island, bringing the death toll from the accident to five, police said.

The charred body of the Malaysian crewmen was found inside the chemical tanker, which exploded early Thursday while being loaded with methanol on the South China Sea island of Labuan, district police chief Saiman Casran said.

The bodies of four other crewmen, including a Philippine national, were recovered earlier near the MV Bunga Alpinia, which was engulfed and severely damaged by a huge inferno following a series of explosions.

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Posted by Wata

Labuan oil & gas industry operations must upgrade safety

August 9, 2012

Dateline 2012-07-28:

Operators of oil and gas industry in Labuan have been urged to upgrade safety as the sector requires high operating standards.

Federal Territories and Urban Wellbeing Minister, Datuk Raja Nong Chik Raja Zainal Abidin said high safety is important to realise the government plan to make Labuan a leading oil and gas hub in Asia.

“Safety is key as it can be the selling point in enhancing oil and gas industry in Malaysia. Corporations involved in this industry and agencies must ensure that safety standards are at international level,” he said after launching the ‘Bubur Lambuk 1Malaysia Amal Media 2012’ programme here Saturday.

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Posted by Wata

Sabah Offers Compressed Natural Gas Via Virtual Pipeline System

August 8, 2012

What the heck is a ‘virtual pipeline system’? Do you get virtual gas for your virtual car, and pay in virtual ringgit? Or is this part of WoW or Second Life?

Dateline 2012-07-19:

Sabah became the first state in Malaysia to offer compressed natural gas (CNG) via a virtual pipeline system.

Chief Minister Datuk Seri Musa Aman said the approach undertaken by Sabah Energy Corporation (SEC) would enable a wide spectrum of users to benefit from the project.

“It (project) is accessible to users who are located up to 70km from SEC’s station at the Kota Kinabalu Industrial Park.

…

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

Removing the Gas Subsidy Crutch – Can Malaysia Do It?

August 7, 2012

Dateline 2012-XX-XX:

With the next general elections due by April 2013, and in light of recent political uncertainties, one crucial subject is relatively missing from public discussion: gas subsidies.

Gas is heavily subsidized in Malaysia, to the tune of $14 billion in 2008. [1] That keeps fuel prices in Malaysia at about USD$0.60 per liter for RON95[2], the regular unleaded fuel, while the premium RON97 goes at USD$0.91 per liter[3]. Diesel is priced at USD$0.56 per liter.[3]

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Leave a Comment » | Malaysian election, oil and gas | Tagged: , | Permalink
Posted by Wata

Saturday Star 2012-08-04 – Job Opportunities

August 6, 2012

To all readers, Ramadhan Mubarak (yes, I’m a few days late, not making up my own madhab). Be a bit more patient and tolerant to fellow beings, and start helping out those less fortunate then us. Invite me over for tarawikh prayers, iftar optional, wifi a must.

C’mon. Buy my recommendations, or through my Amazon store. I need the money to pay for my new camera. Where are those corporate sponsors? Or throw donations at me. Plus, it’s my birthday month, so spend a little extra.

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.
  • JX Nippon Oil & Gas Exploration (Malaysia) Ltd is looking people. Send your cv here. Or visit http://www.nex.jx-group/english → RECRUIT → Employment at Miri (Malaysia).

May I suggest that readers try Bluestacks? Run your Android apps on your Windows tablet, so you can buy that Win8 tablet (and buy me one) without worrying you won’t have anything to play on it!

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!

Since you need to write a lot of reports, here’s a suggestion of Word 2010 books to spice up your reports.

  

Microsoft Word 2010 In Depth, Microsoft Word 2010 Step by Step (Step By Step (Microsoft)), Microsoft Word 2010 Plain & Simple: Learn the simplest ways to get things done with Microsoft Word 2010!

This week’s food promotion is … any sponsored iftar I can find.

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

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