From Bernama – Optimisation Important for Profitability in Oil & Gas

March 25, 2011

Dateline 2011-03-16:

The employment of optimising techniques and technologies that are cost efficient to safeguard profitability is crucial in the oil and gas sector, in particular with regard to the risk service contract (RSC).

…

he employment of optimising techniques and technologies that are cost-efficient to safeguard profitability is crucial in the oil and gas sector, in particular with regard to the risk service contract (RSC). 

The RSC is essentially a contract that significantly increases an operator’s risks of exposure, said ARC Media Global Pte Ltd in a statement today, in conjunction with the Production Optimisation Week Asia in Kuala Lumpur from July 25-29.

In this case, the awardees or the consortium bears almost all the operating risks and is not paid in the event that the project or system fails, ARC Media Global explained.

The optimising of production becomes more pertinent with the RSC to develop the Berantai field as Petronas imposes strict key performance indicators on deliverability, production and costs, it pointed out.

Petronas awarded a RSC to a consortium comprising Kencana Petroleum Bhd, SapuraCrest Petroleum Bhd and foreign partner Petrofac.

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Posted by Wata

From the Borneo Post – Viable energy source is natural gas – SAPP

March 24, 2011

Dateline 2011-03-17:

Sabah Progressive Party (SAPP) strongly believes that the Malaysian government would put off any immediate plan to build nuclear power plants in the country following the catastrophic nuclear explosions in tsunami-ravaged northeastern Japan.

“With so much negative publicity generated by the Japanese Fukushima Daiichi nuclear power plants in the aftermath of the earthquake and tsunami, it is highly unlikely that the Malaysian government will proceed with any final decision to build nuclear power plants in the foreseeable future,” said SAPP president Datuk Yong Teck Lee yesterday.

He however cautioned that the people should be concerned about other nuclear plants which are dangerously near to Sabah should a nuclear accident happen.

…

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From the Star – Growth affected if oil prices are too high

March 23, 2011

Imagine how the article would read if it started “Malaysia, as an oil IMPORTING nation…”

Dateline 2011-10-01:

Malaysia, as an oil exporting nation, stands to benefit as oil prices rise up to a certain point where super high oil prices would be more of a drag on the overall economy, said economists.

With oil prices averaging US$90 to US$100 per barrel, oil subsidies by the Government could increase to some RM14bil from RM10.3bil last year. As of Wednesday, Nymex crude oil was trading around the US$104 band.

This subsidy amount of RM14bil is still lower than subsidies in 2008, which amounted to some RM17.6bil.

Hydrocarbon Import and Export

…

You can subscribe to an online version of the paper at the e-browse site.

7 Comments | business opportunity, Malaysia, oil and gas | Permalink
Posted by Wata

Saturday Star 2011-03-19 – Job Opportunities

March 21, 2011

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.

First off, 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.

  • FPSO ventures are looking for an Offshore Installation Manger, Production Superintendent, Production Supervisor, Production Technician. Snail mail to FPSO Ventures Sdn Bhd, Level 9, Menara Perak, No. 24 Jalan Perak, 50450 Kuala Lumpur, or email them here.
  • Talisman is looking for a Process Engineer (what happened to their old one?). Apply here, and visit their site.

Here are some ChemEng books selected by Amazon:

Troubleshooting Process Operations, 4th Edition, Process Technology Troubleshooting, Fundamentals of Natural Gas Processing, Second Edition (Dekker Mechanical Engineering)

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

From the AFP – Malaysia’s Petronas post 74% rise in profits

March 20, 2011

It seems that brownfield work will be the focus of the next quarter century.

Dateline 2011-03-02:

Malaysian state energy firm Petronas said oil prices would stay above $100 over the next few months as it posted a 74 percent jump in net profit, partly helped by the rising cost of crude.

In the three months ended December, the oil giant made 21.21 billion ringgit ($6.99 billion), compared with 12.19 billion a year earlier, while revenue rose 12 percent to 60.04 billion from 53.44 billion, it said in a statement.

But Malaysia’s biggest company warned it would need to start refurbishing or replacing some of its equipment, with many of its oil and gas producing assets between 19 and 28 years old.

…

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From The Star – Oil price upside risk for Malaysia

March 19, 2011

Dateline 2011-03-01:

The price of crude oil which hit US$100 per barrel recently – its first time in more than two years – is an upside risk for Malaysia as a net exporter.What could stop the country from benefiting from its net exporter status is largely a relapse in the global economic recovery which would affect demand for the commodity.

“Higher oil prices amid strong global demand are an upside risk as Malaysia is a large net exporter of oil,” Nomura International (HK) Ltd told clients in a Feb 25 report.

…

You can subscribe to an online version of the paper at the e-browse site.

Leave a Comment » | business opportunity, Malaysia, oil and gas | Permalink
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From Bernama – Labuan to Be Oil & Gas Hub

March 18, 2011

Goody, another way for profits to be gained without paying the rakyat their due via taxes. How do I get into this scam?

Dateline 2011-02-26:

Labuan is being considered as a third oil and gas hub of Malaysia, after Teluk Ramunia and Pengerang in Johor, Datuk Seri Najib Tun Razak said.

The Prime Minister noted that the RM387 million Phase 2 undersea pipeline could support the oil and gas industries.

“We are still studying the matter (of giving Labuan the status). The Minister of Federal Territories and Urban Wellbeing has briefed me on the potential of the oil and gas sectors in Labuan,” he told reporters after opening a 1Malaysia clinic in Taman Mutiara here Saturday.

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Shout Out – Talk on Marine Loading Arms Project Experience

March 16, 2011

This is a shout out for the IEM. My Technical Division will be hosting a talk on the 24th March, 2011. It’ll be at 9:30 am (makan-makan at 9:00). You still gotta climb those steps at Wisma IEM.

The talk will be a sharing of experience in the design and site execution of marine loading arms replacement project undertaken by the Technical & Facilities Development Division of PETRONAS Gas Bhd. (PGB) in year 2010. The loading arms are located at PGB’s Export Terminal in Kemaman, Terengganu and are used to transfer hydrocarbons from jetty to ships. The old loading arms have aged considerably after 20 years in service and the spare parts were difficult to source.

The Speaker, Ir. Ahmad Rafidi Mohayiddin is currently a Manager with PETRONAS Gas Berhad (PGB), a partially-owned subsidiary of PETRONAS. He is a mechanical engineer by training with 16 years of work experiences. He graduated with a BSc. in Mechanical Engineering from Northwestern University in 1994.

Register here or download the form here. A map to Wisma IEM is presented here.

And register for the welding course next week.

Leave a Comment » | Malaysia, oil and gas | Permalink
Posted by Wata

Shout Out – Talk on Cleaner Production for Engineers

March 15, 2011

This is a shout out for the IEM. My Technical Division will be hosting a talk on the 21st March, 2011. It’ll be at 5:30 pm (makan-makan at 5:00). You still gotta climb those steps at Wisma IEM.

 Cleaner Production (CP) means the continuous application of an integrated preventive environmental strategy to processes and products. For production processes, CP includes conserving raw materials and energy, eliminating toxic raw materials, and reducing the quantity and toxicity of all emissions and wastes. CP acceptance and awareness among industries in Malaysia and ASEAN region are increasing, especially among the small and medium industries. In this talk, the speaker will be sharing his experience on how engineers can utilise their expertise in implementing cleaner production concept in an existing and new premises using examples.

The Speaker, Ir. Dr. Abdul Aziz Abdul Raman is an Associate Professor at the Chemical Engineering Department, University of Malaya. He is involved in various research activities and have published more than 85 publications in local and international journals and proceedings.

 Register here or download the form here. A map to Wisma IEM is presented here.

Leave a Comment » | Chemical, oil and gas | Tagged: , | Permalink
Posted by Wata

Saturday Star 2011-03-12 – Job Opportunities

March 14, 2011

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.

First off, 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.

  • SBM are looking for a looot of people, so I guess the international FPSO/floating solutions market is growing. They want principal engineers, senior engineers, operations people, and the non-tech people termed ‘support’. Send email here, or snail mail to SBM Malaysia Sdn Bhd, Suite 2B-09-01, Block 2B, Level 9, Plaza Sentral, Jalan Stesen 5, 50470 KL, or call +603 2773 5300.
  • MECIP is advertising for engineers to work in Bintulu. Find the advert here.
  • Newfield is  looking for a Senior Geophysicist, Senior Reservoir Engineer, Junior Reservoir Engineer, Production Engineer, Static Equipment Engineer. Email your resume in before 31 March, 2011.
  • Petrofac has a four page (count ’em, four!) spread of opportunities. She’s looking for a Commissioning Manager, Offshore Integration Superintendent, Lead Instrument Engineer, Lead Marine Engineer, Lead & Senior Structural Engineer, Senior Electrical Engineer, Assistant Marine Engineer, QA/ QC Engineer.  Contact them here.
  • Scomi is looking for Drilling Fluid Engineers, Drilling Waste Management & Solid Control Engineers (we talking industrial or municipal waste here?), and Service Engineers – Production Chemicals (whew, thought it was other kinds of services). Snail mail to SCOMI KMC Sdn Bhd, Human Resources Department, Level 11, 1 First Avenue Bandar Utama, 47800 Petaling Jaya, or email them here.
  • Talisman is looking for a Senior Geophysicist, Senior Drilling Engineer, Reservoir Engineer, Drilling Supervisor, Night Drilling Supervisor. Apply here, and visit their site.

Here are some ChemEng books selected by Amazon:

Troubleshooting Process Operations, 4th Edition, Process Technology Troubleshooting, Fundamentals of Natural Gas Processing, Second Edition (Dekker Mechanical Engineering)

Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: , , , , , | Permalink
Posted by Wata

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