PM: Country can’t run forever on fuel subsidy

July 21, 2012

Yes we can, right up to the next election at least.

Dateline 2012-07-02:

The country cannot rely on fuel subsidy-driven consumption to prop up the economy in the long run, said Prime Minister Datuk Seri Najib Tun Razak.

He acknowledged that Malaysia has one of the lowest pump prices in Southeast Asia – second only to Brunei Darussalam – but pointed out that the country needed to reposition its oil-based revenue towards economic development.

“If we use all our riches to provide fuel subsidies, that will increase consumption. If we increase consumption, we do not build productive assets for our country’s future and, one day, oil will be depleted, there will be less oil, the amount of oil production will go down and at that time we will face a grave situation.

..


Dr M supports Petronas-backed mega Islamic bank

July 20, 2012

Ah… any comment I make is going to upset the left, right, conservatives, radicals and Jabba simultaneously. Who says I can’t create a lose-lose situation?

Dateline 2012-06-24:

Tun Dr Mahathir Mohamad has voiced his support for a proposal to set up a mega Islamic bank with Petronas and pension funds being used to underwrite some of the US$1 billion (RM3.2 billion) in start-up capital.

The influential former prime minister insisted last night there would be nothing wrong should the government decide to go ahead with Bank Negara Malaysia’s (BNM) proposal to use an injection from the cash-rich state oil firm as “Petronas money is government money.”


Tales from the Engineering Floor – Myanmar Workforce

July 19, 2012

Really?


Petronas awards 3 North Malay Basin gas fields to Hess Corp

July 18, 2012

Isn’t this really outdated. How do I get onto this gravy boat?

Dateline 2012-06-21:

State oil firm Petronas signed three production sharing contracts with the exploration arm of U.S. firm Hess Corp on Thursday, kicking off a $5.2 billion gas project off Malaysia’s east coast.

The North Malay Basin project, comprising nine gas fields about 300 km (186 miles) off the east coast of peninsular Malaysia, is aimed at securing new gas supplies for Petronas as it faces a supply crunch.


Gas Malaysia seeks additional gas supply after 2016

July 17, 2012

Opportunities abound

Dateline 2012-06-12:

Gas Malaysia Bhd, which made a strong debut on the main market of Bursa Malaysia yesterday, plans to start discussions with Petroliam Nasional Bhd (Petronas) soon for additional supply of gas after 2016, said its managing director Datuk Muhamad Noor Hamid.

“At the moment, we have not discussed with Petronas. Our plan is to have discussion with them soon for additional volume of gas coming from the liquefied natural gas regasification terminal in Pengerang, Johor, which is expected to be operational in 2016,” Muhamad Noor told reporters after the company’s listing.


Saturday Star 2012-07-14 – Job Opportunities

July 16, 2012

To all readers, Ramadhan Mubarak (yes, I’m a few days early, 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.

Apologies for not posting last week. If you were wondering why, the photos are here. If not, you should visit here more often.

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.
  • PETRONAS wants you to discover your potential. Go visit them.
  • That’s it.

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!

You need to improve your Excel massage skills if you want to be an engineer. Here are some words to help you along.

  

Excel 2010 BibleExcel 2010 Power Programming with VBA (Mr. Spreadsheet’s Bookshelf)Excel for Scientists and Engineers: Numerical Methods

This week’s food promotion is … mee bandung Mooor. If you find nice places around PJ, let me know. I’ve tried the one across from the PJ State Police Station.


Gas Malaysia: New industrial clients to pay double from 2013

July 15, 2012

When are we as a rakyat going to go energy efficient? Here are some energy saving tips.

Dateline 2012-06-12:

Gas Malaysia Bhd’s new industrial customers will have to pay double the gas price once the sole licensed operator and distributor of natural gas in Peninsular Malaysia starts selling at market prices, beginning 2013.

Its managing director and chief executive officer (CEO) Datuk Muhamad Noor Hamid said the market price will apply to the additional 110 million metric British thermal units (mmBtu) of gas it will purchase from Petroliam Nasional Bhd (Petronas) with 40mmBtu to be stepped up 2013, 30mmBtu in 2014 and 40mmBtu in 2015.

“The 40mmbtu step up volume has almost been fully committed,” he told reporters after Gas Malaysia’s listing ceremony in Kuala Lumpur yesterday.


Gas Malaysia IPO

July 14, 2012

Ahh, I’m out of date. You can ask Google to get you the latest news.


IEM Bulletin – Wata’s June 2012 Editorial

July 13, 2012

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.


Dayang considers going into development of marginal oilfields

July 11, 2012

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.