Dateline 2012-02-24:
Gas Malaysia Bhd, a unit of MMC Corp Bhd, which is scheduled to list by the second quarter of this year, has signed a new gas supply agreement with Petroliam Nasional Bhd (Petronas) to supply up to 492 million standard cu ft per day (mmscfd) of natural gas.
The tenure of the agreement is 10 years, from Jan 1, 2013 to Dec 31, 2022, with the option to extend for another five years.
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engineering, Malaysia, oil and gas | Tagged: Gas Malaysia, Petronas | 
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Posted by Wata
Dateline 2012-02-24:
A citizens movement in Sabah, calling themselves ‘Oil for Future Movement’ (OFF) wants Petronas to repay all the PTPTN (National Higher Education Fund Corporation) study loans taken by Sabahan students.
OFF chairman Phillip Among said it is only logical for Petronas to help out Sabah students if the federal government wants to give real meaning to its slogan “People First, Performance Now”.
He said thousands from Sabah who had taken study loans from the government-controlled PTPTN are now jobless and have become victims of the scheme which is now demanding they repay their respective aids.
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Posted by Wata
For an engineer’s contest, doesn’t the client pay for submission of the bid?
Dateline 2012-02-23:
Petroliam Nasional Bhd. is asking engineers to compete for a contract to build a new liquefied natural gas train in Malaysia.
JGC Corp. will compete for the project against a joint partnership of Chiyoda Corp. and Saipem SpA, Malaysia’s state oil company said today in an e-mailed statement. Petrona plans to build a ninth train at its LNG complex in Bintulu, Sarawak, increasing output capacity by 3.6 million tons a year, it said. The project is scheduled to start in the fourth quarter of 2015.
The new train will require as much as 850 million standard cubic feet a day of natural gas coming from offshore fields near Sarawak, the company said.
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Leave a Comment » | business opportunity, Malaysia, oil and gas | Tagged: LNG 9, Petronas, Sarawak | 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. Corporate level sponsors are encouraged.
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. Maybe I should say that next time I visit them.
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, mogec, Murphy, RasGas, Synergy, Talisman, Waze | Permalink
Posted by Wata
Dateline 2012-02-17:
SapuraCrest Petroleum Bhd (SapCrest) and Kencana Petroleum Bhd (Kencana) are forecasted to see boosted earnings from a shared floating, production, storage and offloading (FSPO) contract, possibly in the near term.
The two oil and gas players separately announced agreements with their Berantai marginal field partner Petrofac Energy Developments Sdn Bhd (Petrofac) to each acquire 24.5 per cent interest in Berantai Floating Production Ltd (BFPL) for US$85.7 million cash.
BFPL would invest in an FPSO that would be used for the project. Petrofac would retain 51 per cent of BFPL and each equity partner would also provide a shareholders’ loan to BFPL to finance the FPSO investment and conversion although BFPL would also likely secure external financing.
RHB Research Sdn Bhd (RHB Research) stated in a research note, “While we still like the prospects of the merger (SapCrest-Kencana) which will create a large and formidable competitor for regional oilfield services (and especially for projects in Malaysia), we believe there could be some profit taking in the near term.
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2 Comments | business opportunity, Malaysia, oil and gas | Tagged: Kencana, SapuraCrest | Permalink
Posted by Wata
Can you see the cause, consequences, safeguards and recommendations for related to this sign?
Leave a Comment » | Malaysia, oil and gas | Tagged: safety | Permalink
Posted by Wata
Would you agree?
Dateline 2012-02-16:
Lim Guan Eng chastised the Najib administration today for failing to keep Tan Sri Hassan Marican within its ranks, saying the former Petronas CEO’s latest appointment in Singapore showed Malaysia’s failure to plug its talent leak.
The Penang chief minister referred to Hassan as a rare talent and expressed sadness that the latter has been widely appreciated abroad and among big multinational corporations “but not at home”.
“This is extremely sad, especially when Tan Sri Hassan is widely credited as the man who turned Petronas into the leading international oil and gas company that it is today,” Lim said in a statement.
The Malaysian Insider yesterday cited a report by news portal Energy Asia revealing that Hassan is set to become chairman of Singapore Power Limited (SP) in June, succeeding Ng Kee Choe who will retire on June 12.
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Leave a Comment » | business opportunity, Malaysia, oil and gas | Tagged: Hassan Marican, Petronas | 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. Corporate level sponsors are encouraged.
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
Let’s talk a bit about deepwater books:
Deepwater Petroleum Exploration & Production, A Sea in Flames, Disaster on The Horizon
This week’s food promotion is the Shangri La, Jakarta.
3 Comments | engineering, Malaysia, oil and gas | Tagged: Ranhill Worley, Synergy | Permalink
Posted by Wata
50% Royalty? Pleeze…
Dateline 2012-02-16:
Sabah State Reform Party (STAR) on Wednesday said that if Sabah were to receive 50 per cent oil royalty from Petronas, it would not even need Federal allocation to develop the state.
Its Deputy Chairman, Daniel John Jambun said this in response to a statement by Sabah BN Secretary Datuk Abdul Rahman Dahlan who said that Sabah would be compromised if Federal allocation or funds under the Malaysia Plan is reduced so as to pay the proposed 20 per cent oil royalty.
“Abdul Rahman forgot that under the Tenth Malaysia Plan (10MP), Sabah and Sarawak combined, are getting only about RM9 billion as compared to about RM100 billion for the Peninsula.
“At this rate of allocation, Sabah is actually getting less than RM1 billion per year throughout the five-year Malaysia Plan.
“As such, the Federal allocations are not much and hardly fulfil all the development needs of Sabah,” he said in a statement.
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Leave a Comment » | business opportunity, Malaysia, Malaysian election, oil and gas | Tagged: Malaysia Plan, royalty, Sabah, star | Permalink
Posted by Wata
Here’s a shocker.
Dateline 2012-02-16:
Prime Minister Datuk Seri Najib Tun Razak said the downstream oil and gas industry will continue to be developed further as it can become a new money spinner for the country.
Citing the example of the Sabah Ammonia Urea (SAMUR) Petronas project, he said urea production would bring double value-added benefits to the country’s exports.
“If we compare with the export of crude natural gas, we lose out on value-added benefits,” he told reporters after officiating the ground breaking ceremony for the SAMUR project here today.
Najib, who is also Finance Minister, said 95 per cent of the urea plant’s output of 1.2 million tonnes, per year, would be exported, raking in foreign reserves of some US$4.8 billion, annually.
He said under the National Key Economic Area, the oil and gas sector is forecast to contribute an estimated RM241 billion towards the nation’s Gross Domestic Product, annually, until 2020.
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Leave a Comment » | business opportunity, Malaysia, Malaysian election, oil and gas | Permalink
Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 