And why would share prices go down? Plant has not been taken offline, we don’t have another supplier of gas…
Dateline 2012-05-11:
Petronas Gas Bhd (PGB)’s share price remained flat at RM17.28 at the end of the morning session today despite the fire at its gas processing plant (GPP) in Kerteh, Terengganu.
The stock hovered between RM17.18 and RM17.28 throughout the morning session.
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3 Comments | 
business opportunity, Malaysia, oil and gas | Tagged: GPP, Petronas, petronas gas, stock | 
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Posted by Wata
I do like this picture…
In case you don’t know, this is at GPP3. Anyone have the inside scoop? Well, maybe I do, and prefer not to be sued.
Dateline 2012-05-10:
A gas processing plant of Petronas Gas Bhd in the north-eastern Malaysian state of Terengganu caught fire on Thursday afternoon, causing one fatality with two others hospitalised, the company said.
The natural gas processing arm of state oil firm Petroliam Nasional Bhd (Petronas) said employees of Hyundai-PFCE Consortium (HPC), which is the contractor servicing the gas processing plant during shutdown maintenance, were affected.
“The remaining affected personnel have received appropriate medical treatment,” Petronas Gas said in a statement late on Thursday, without disclosing the exact number of employees affected by the fire.
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Leave a Comment » | Malaysia, oil and gas | Tagged: accident, fatality, GPP, Petronas, PFCE | Permalink
Posted by Wata
Dateline 2012-05-10:
Petronas Gas Bhd recorded net profit of RM333.4mil for its quarter ended March 31, 2012.
Revenue was at RM914.8mil. (There were no financial comparisons due to the changes in financial year from March 31 to Dec 31, effective from the financial period ended Dec 31, 2011).
In filings with Bursa Malaysia, the group said its earnings would remain stable as a result of the fixed fee structure under the Gas Processing and Transmission Agreement.
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Leave a Comment » | Malaysia, Malaysian election, oil and gas | Tagged: Petronas, petronas gas, PGB | Permalink
Posted by Wata
This is a shout out for the IEM. My Technical Division will be hosting a talk on the 9th June, 2012. It’ll start at 10.00am and is worth 2 CPD hours.
PAS 55 is the British Standards Institution’s (BSI) Publicly Available Specification for the optimized management of physical assets – it provides clear definitions and a 28-point requirements specification for establishing and verifying a joined-up, optimized and whole-life management system for all types of physical assets. Now internationally recognized, PAS 55 is proving to be an essential, objective definition of what is required to demonstrate competence, establish improvement priorities and make better, clearer connections between strategic organizational plans and the actual day-to-day work and asset realities. PAS 55 provides clear evidence of sustainable good governance to customers, investors, regulators and other stakeholders. In contrast to many other standards, which can sometimes be met simply by having extensive paperwork, PAS 55 specifically requires evidence of alignment between good intentions and real, on-the-ground delivery. So it is a valuable mechanism to ensure that the principles of whole life cycle planning, risk management, cost/benefit, customer focus and sustainability etc. are actually delivered within the day-to-day activities of capital project implementation, operations, maintenance etc. PAS 55 is used as the basis to develop ISO55000 as an Asset Management Standard. The relevancy of its used is gaining recognition in Malaysia for organization that values improvement in their asset management standard. Organisations that have adopted such a systematic and optimized approach have consistently delivered significant bottom-line cost and performance/service improvements. The speaker shall share his experience in using PAS55 as standard development and asset performance auditing in Malaysia.
Ir. Al-Khairi Mohd Daud, P.Eng, C.Eng, MIEM, B.Eng(Hons) – Mechanical Engineering, University of Leeds, MBA. Ir. Al-Khairi has a varied experienced in project, engineering, maintenance and reliability experience from various industries. Ir. Al-Khairi started his career a research assistant with Shell Research Centre in Thornton, United Kingdom in 1991. He came back to Malaysia and worked as a plant engineer with Associated Pam Malaysia Cement (APMC) Sdn Bhd, a cement plant, in Rawang, Selangor. He further developed his professional experience in oil and gas sector with Shell/PETRONAS via Malaysia LNG in Bintulu. He subsequently joined Uniqema Malaysia (an oleo-chemical plant), which is a subsidiary of Unilever and later ICI.He went back to petrochemical plant when he became the Maintenance Manager with UCB Chemicals in 2002. His experience was enriched when he set up the facilities and equipment department with a world class Research and Development Company together with its factory set up. He then headed a similar role with a leading Medical Centre in Klang Valley prior to setting up his own consultancy company presently. During his career, Ir. Al-Khairi has implemented various CMMS software’s such as SAP. MP2. Maintsavers and CWork. He also had won an award for his outstanding contribution on SHE excellent from ICI. Currently Ir. Al-Khairi is the Chairman of the Oil, Gas and Mining Technical Division of the Institution of Engineers Malaysia. Ir. Al-Khairi has developed an international alliance with other reliability Professionals under Uptime Alliance (see http://www.consciousasset.com and http://www.faqeh.com). Ir. Al-Khairi’s objective is to let the industry benefits from world class maintenance and reliability practices.
1 Comment | Malaysia, oil and gas | Tagged: alkhari, IEM | Permalink
Posted by Wata
My technical division will be hosting a 1/2 day seminar on the 23rd June, 2012. It is worth 3.5 CPD points, and held at Wisma IEM. Since I’m giving it, I expect hoards will have to be turned away at the gates.
A Hazard and Operability study is a formal and systematic and detailed examination of the process and engineering intentions of new or existing facilities which assesses the hazard potential and effects on the facility as a whole when operation is outside of the design envelope, or individual items of equipment malfunction.
This half-day course is designed to educate participants in the HAZOP process from the perspective of a HAZOP team member. It is meant to provide both instruction and workshop sessions so that the participants:
- Are familiar with the concept of ‘risk’
- Are familiar with the theory behind HAZOP
- Are familiar with the actual HAZOP workshop process
- Have expectations as to what the HAZOP will (and won’t provide)
- Understand what deliverables can be expected from a HAZOP
- Have the opportunity to participate in HAZOP exercise in a safe environment
- Opportunity to share HAZOP experiences
At the end of the session, the participants should:
- Understand the responsibilities of all parties in the HAZOP
- Have experience in a HAZOP session.
- Understand the outcomes from a HAZOP session
Wata has 16 years of experience in the oil and gas industry, in both design and operations.
Register here, or download the form here.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: course, HAZOP | Permalink
Posted by Wata
See the fun you missed.
Leave a Comment » | engineering, Malaysia, oil and gas | Permalink
Posted by Wata
Support me by purchasing my recommendations, or buying through my Amazon store. I need the money to pay for running this site. C’mone, where are those corporate sponsors?
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.
May I suggest that readers install the Waze app on their phones? And use it as much as possible? It says its a “a social mobile application providing free turn-by-turn navigation based on the live conditions of the road. 100% powered by users, the more you drive, the better it gets. Join the community of drivers in your area today!” It’s definitely getting better for the Klang Valley area, though we need more users from East Malaysia.
Support your local bookshop! Visit Bookalicious at The Summit Subang, good selection of imported books. I think they focus on trilogies, quadrilogies, and otherologies. Tell them I sent you, and enjoy the look of perplexity on their faces. Those of you who have dropped my name, thanks!
BTW, did I tell you that I am the Secretary of MOGEC?
For those of you who have a healthy skepticism to my industry, these books are for you:
Why We Hate the Oil Companies: Straight Talk from an Energy Insider, The Party’s Over: Oil, War and the Fate of Industrial Societies, Barbarians of Oil: How the World’s Oil Addiction Threatens Global Prosperity and Four Investments to Protect Your Wealth (Agora Series)
This week’s food promotion is … masak asam pedas. If you find nice places around PJ, let me know. I’ve tried the one across from the PJ State Police Station, and the shop next to Dewan MPSJ in PJ State.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: Bookalicious, Petrofac, Synergy, Waze | Permalink
Posted by Wata
Dateline 2012-05-10:
Kencana HL Sdn Bhd, a wholly owned subsidiary of Kencana Petroleum Bhd (Kencana) has won a RM460 million to RM474 million engineering, procurement, construction and commissioning (EPCC) contract from Murphy Sarawak Oil Co Ltd (Murphy Sarawak) for the fabrication of offshore topsides.
According to OSK Research Sdn Bhd (OSK Research) the EPCC contract was for Serendah Production topsides facilities of the SK309/311 SPSA development project, which was part of Murphy Sarawak’s SK309/SK311 oil fields development located offshore Bintulu, Sarawak.
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1 Comment | business opportunity, Malaysia, oil and gas | Tagged: Kencana, Murphy, Serendah | Permalink
Posted by Wata
Yes, this is outdated.
Dateline 2012-05-10:
The US$20 billion refinery and petrochemical integrated development (RAPID) project to be undertaken by Petronas in southern Johor will be timely in meeting burgeoning demand for energy and petrochemical products especially in Asia in the next 20 years.To be launched by His Royal Highness the Sultan of Johor, Sultan Ibrahim Ibni Almarhum Sultan Iskandar on Sunday, the project would also enhance both Malaysia’s and the region’s petrochemical industry, attracting investments from world class oil, gas and petrochemical firms.
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Leave a Comment » | Malaysia, Malaysian election, oil and gas | Tagged: Johor, RAPID | Permalink
Posted by Wata
Sorry, ‘start growing’?
Dateline 2012-05-08:
Malaysia’s gas supply-demand gap will start growing next year at the time whereby contracted production declines, says International Gas Union (IGU) President, Datuk Dr Abdul Rahim Hashim.
He said Malaysia faced supply challenges with declining indigenous gas production in Peninsula Malaysia, increased extraction rates, commercially challenging reserves, which are smaller in size and in scattered locations and an overall increase in exploration and production costs.
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Leave a Comment » | Malaysia, oil and gas | Tagged: IGU | Permalink
Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 
