Oil & gas Sector to see Much Action

August 5, 2012

Dateline 2012-07-18:

The Malaysian oil & gas (O&G) industry will see an action-packed 18 months ahead, with its service providers set to continue enjoying sustained growth, says Maybank Investment Bank (IB) Research.

Its growth will be sustained with demand for equipment and services increases in light of the rising activities in the sector, it said.

“Offshore fabrication works will dominate the headlines as we estimate contracts for offshore fabrication structures worth up to RM7 billion will be announced over the next 18 months.

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IEM – Press Statement on Tukau

August 3, 2012

Here’s a press statement we put together with respect to the accident at PCSB’s Tukau Platform.

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Tales from the Engineering Floor – Our Next Simulation Engine

August 2, 2012

We’ll try and port process simulators to the Raspberry Pi. Did I tell you I have received mine?

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Is Petronas an ungrateful child of Malaysia?

August 1, 2012

I am standing waaaaay back from this author, next time he is invited to a press meet.

Dateline 2012-07-12:

In early June Petronas hinted publicly at the World Gas Conference that they are tired of being the Malaysian government’s cash cow. They said no to fuel subsidy and last year they said they wanted to pay less dividends! Is Petronas ungrateful? The money belongs to the rakyat anyway and hence the government.

While many have attempted to comment on the sustainability of Petronas’ payouts, this article aims to give some insights into the realities of the local oil & gas industry, and why returning all oil harvests back to Malaysians may not benefit them in the longer run.

In 1974, Petronas, fully owned by the government of Malaysia, was established and given full ownership and control of our Petroleum reserves. Today, it has evolved into a fully integrated oil and gas multinational corporation, ranked among FORTUNE 500’s largest and most profitable oil and gas corporations with a total workforce of more than 30,000.

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Coastal Energy signs contract with Petronas

July 31, 2012

Can anyone introduce me to Coastal Energy?

Dateline 2012-07-07:

Coastal Energy Co has entered into a small field risk service contract (RSC) with Petroliam Nasional Bhd (Petronas) for the development and production of petroleum from the Kapal, Banang and Meranti cluster of small fields offshore Peninsular Malaysia.

Coastal (with 100% equity interest under the small field RSC) would be the operator of the cluster fields. In accordance with the RSC, the company is also finalising an arrangement for a Malaysian company to participate in the contract for 30% to 40% equity interest.

According to Coastal’s website, the company would provide the upfront development capital, undertaking the development drilling and production of the fields. Petronas will remain the owner of the project.

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Saturday Star 2012-07-28 – Job Opportunities

July 30, 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.
  • Technip wants you to take it further. Visit here soon. Apply to Synergy first.
  • Lundin’s looking for a lead drilling operations engineer. Visit their site and apply here.

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.

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

JP Morgan upbeat on Malaysian marginal oil fields

July 27, 2012

Dateline 2012-07-10:

JP Morgan Asia Pacific Equity Research is upbeat on Malaysia’s marginal oil field risk service contracts (RSC) due to the favourable risk reward, and local skillsets upgrade.

In a report issued on Monday, it said the first contract, valued at RM2.4bil saw Petroliam Nasional Bhd (Petronas) awarding it to a consortium comprising Petrofac, Kencana and SapuraCrest. The second (RM3bil) went to the Dialog-Roc Oil-Petronas consortium.

The most recent was Coastal Energy Co, listed on the Toronto and London Stock Exchange, for the development of the Kapal, Banang and Meranti cluster of small fields offshore Peninsular Malaysia. This was the third marginal oil field contract awarded out of 27 upcoming.

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Wata’s HAZOP Course 2012-06-23

July 26, 2012

We survived. Wait for the nationwide tour. Those of you who came, and didn’t throw Vegemite jars at me, thanks. Those who did, where the heck did you find them?

And thanks to Mr. Kamal of Berwanger, who helped lead half the class in the roleplaying game.

4 Comments | Malaysia, oil and gas | Tagged: , , , | Permalink
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More spark for Malaysia power sector soon

July 25, 2012

Spark, gas, hot air… recipe for an explosion. Doesn’t anyone look at the fire triangle anymore?

Dateline 2012-07-09:

Malaysia’s power sector which has been grappling with inconsistent gas supply in the first half of the year, is expected to see brighter days, now that issues are steadily being resolved.

Energy Commission chief executive officer Datuk Ahmad Fauzi Hasan said the country’s electricity demand is expected to sizzle, with annual growth ranging between three and four per cent until 2020.

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Fuel subsidies must come to an end, says Malaysia PM Razak

July 24, 2012

Dateline 2012-07-03:

As Malaysia enters the developed world status, the country’s Prime Minister Najib Razak has said that the government must look at ending fuel subsidies in the near future.

The announcement has left some Malaysians worried that they could be forced to pay higher premiums even as minimum wages in the country remain somewhat stagnant.

“I have no problem losing the subsidies, but we also have look at increasing our wages to combat the extra money we’d be forced to pay,” transport driver Mohsen Saturk told Bikyamasr.com.

“We all want to keep moving forward, but the people can’t be lost in the process,” he added.

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