I wrote the editorial for this edition of the Bulletin. However, as I prone as I am to writing meandering, long-winded prose while injecting my version of British dry humour, the text got cut (or shall I say, shot) down.
Here’s the original meandering article, in all it’s glory. Read, then vote on which version is better.
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engineering, Malaysia, oil and gas | Tagged: Bulletin, IEM, Jurutera | 
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Posted by Wata
Dateline 2012-06-09:
Dayang Enterprise Holdings Bhd, a service provider to the oil and gas industry, may venture into marginal oilfield development if the prospects are good.
Managing director Tengku Datuk Yusof Tengku Ahmad Shahruddin said the company would carry out thorough evaluations and seek guidance before deciding whether to participate in risk service contracts (RSC) for the development of marginal oilfields.
“We are currently not embarking on any study yet for marginal oilfields,” he told StarBizWeek.
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Posted by Wata
Congratulations, Datuk! Will we be seeing less of you on fb? On another note, did they split up the CEO’s office into sub categories?
Dateline 2012-06-08:
Petronas has appointed Datuk Mohd Anuar Taib as Vice President & Chief Executive Officer of Petronas Development & Production, effective July 1 this year.
The national oil company, in a statement here Friday, said he would head the upstream development and production division of Petronas in Malaysia as well as in 23 countries worldwide.
Mohd Anuar, who is currently the Vice President Malaysia, Upstream International and Chairman of Shell Malaysia, joined Shell in 1990 and will continue to serve Shell until the end of this month. A well engineer by discipline, Mohd Anuar was involved in various technical and business development positions throughout Asia and the United States.
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Leave a Comment » | business opportunity, Malaysia, oil and gas | Tagged: Anuar Taib, Petronas, Shell | Permalink
Posted by Wata
Dateline 2012-06-08:
Main Market-bound Gas Malaysia Bhd’s saw a 53.5% drop in its net profit for the first quarter ended March 31 to RM34.54mil from RM74.41mil a year earlier as a margin compression crimped earnings.
Its revenue increased 9.2% to RM506.58mil from RM464.06mil, said the company, which is scheduled for a listing on Monday.
In a statement to Bursa Malaysia, it said the rise in revenue in its natural gas and liquefied petroleum gas (LPG) segment RM506.6mil from RM464mil last year mainly due to the higher volume of gas sold and an upward revision in tariff effective June 1, 2011.
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Posted by Wata
Dateline 2012-06-08:
Petroliam Nasional Bhd (Petronas) expects the oil prices to decline on the back of economic uncertainty, said its chief operating officer and executive vice president (downstream business), Datuk Wan Zulkiflee Wan Ariffin.
“We’re not bullish in the coming quarters due to economic uncertainty and China as well as India are also starting to show weak growth,” he told reporters at the launch of its new oil and gas technology solutions here today.
The event was held on the last day of the 25th World Gas Conference.
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Posted by Wata
Oil & Gas Engineers never forget.
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Posted by Wata
Woo hoo!
Dateline 2012-06-04:
Petronas is urging Putrajaya to stop gas subsidies, saying today the mechanism hampered transparency and dampened demand for investment.
Tan Sri Shamsul Azhar Abbas, the chief executive of the state oil company, said in his opening address at the World Gas Conference here today that countries with large gas reserves kept rates low to promote economic growth but heavy subsidies ultimately led to energy inefficiency.
“I believe gas prices should be left to be determined by market forces,” he said at the forum that drew 4,500 gas industry professionals from around the world.
“Industry players will have the flexibility to manage their own risks, work to deliver security of supply and meet demand at market prices.”
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3 Comments | Malaysia, oil and gas | Tagged: subsidy, World Gas Conference | Permalink
Posted by Wata
Dateline 2012-06-05:
Malaysian state oil firm Petronas has awarded the engineering, procurement, construction, installation and commissioning (EPCIC) portion of its first commercial floating liquefied natural gas (LNG) project to a consortium comprising Technip SA and Daewoo Shipbuilding & Marine Engineering Co Ltd.
Petronas said yesterday it has approved plans to build a floating LNG plant offshore in Sarawak state, on Borneo island, and expected the facility to be ready for start-up by the end of 2015.
“It will be moored about 180 kilometres off the coast of Bintulu, Sarawak, and is designed to produce 1.2 million tonnes a year of LNG,” Petronas said in a statement today.
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Posted by Wata
Dateline 2012-06-05:
Petronas has approved plans to build a floating liquefied natural gas (LNG) plant offshore Malaysia and aims to bring it online in 2015, which, if it were successful, would make it the first such plant in the world.
Petronas’ main competitor in the race to bring the first floating LNG plant online is oil major Royal Dutch Shell which approved its Prelude LNG floating plant last year and has said it intends to bring the plant online by 2017.
The floating LNG plant will allow Petronas to drill and ship gas from fields that were either too small or too remote to be profitable previously, CEO Shamsul Azhar Abbas said at a gas industry gathering in Kuala Lumpur on Monday.
“This is an example where advancement of technology has made it economically feasible to monetise stranded gas in small and scattered conventional fields,” Shamsul said of the project.
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Posted by Wata
Dateline 2012-06-05:
The International Energy Agency (IEA) in a new report, has predicted that Malaysia would become a net importer of oil and gas in 2017, due to increasing domestic demand.
The IEA’s Executive Director Maria van der Hoeven said Malaysia, which is the world’s third oil and gas exporter at present, would become like neighbouring Indonesia by that year.
“The Medium-Term Gas Market Report 2012, also suggests that China could become the third-largest gas importer behind Europe and Asia Oceania, driving at 2.7 per cent, average annual growth in global gas demand through 2017,” she told reporters at the World Gas Conference 2012 here.
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Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 