October 2, 2010
Dateline 2010-09-21:
Malaysia on Tuesday outlined ambitious plans to double its national income (GNI) by stimulating $444 billion of investments over the next 10 years, mostly from the private sector.
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OIL AND GAS: It will see investments of 218 billion Malaysian ringgit ($70.30 billion) over the next 10 years, starting with liquefied natural gas facilities in peninsular Malaysia by 2013. A 10-million tonne regional oil storage hub will be built in Johor state, next to Singapore, by 2015 to turn Malaysia-Singapore into an Amsterdam-Rotterdam-Antwerp type hub.
By 2017, Malaysia will be the number one oil services hub in Asia and by 2020, there will be 5 gigawatts (GW) of hydro capacity, 1.25GW of solar and a nuclear plant.
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Posted by Wata
September 30, 2010
Any backstreet companies in Balakong and Puchong been approached yet for consolidation?
Taken from the Star, dateline 2010-09-23:
The proposal to consolidate the oil and gas industry’s fabrication assets makes sense as local players will have to bulk up against others in the region to increase their likelihood of winning major contracts.
Analysts told StarBiz the proposal made sense as it would facilitate the winning of new contracts especially as demand for oil platforms picked up.
The proposal, suggested in the oil, gas and energy National Key Economic Area lab under the Economic Transformation Programme, would entail the merger or acquisition of smaller players by the bigger ones.
According to a source, approaches have been made to industry players and Petroliam Nasional Bhd on the proposal and they have been receptive although nothing concrete has been hammered out yet.
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You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.
Leave a Comment » | business opportunity, Malaysia, oil and gas | Permalink
Posted by Wata
September 29, 2010
Doesn’t the word ‘pact’ send shivers down your spine? I’m from the ‘Warsaw Pact’ generation, and fears when you were young just carry on into the silver and golden years.
From MECIP / Upstream:
Malaysia’s Petronas and Brunei’s government have agreed to jointly develop one of two offshore blocks off Borneo.
The offshore exploration areas, formerly designated as Block L and Block M and now renamed CA1 and CA2, were awarded to PETRONAS and Murphy Oil in 2003 but were cancelled in April after Malaysia and Brunei agreed that the blocks were not part of Malaysia.
Petronas and Brunei yesterday signed the production sharing agreement for Block CA1. Both countries hoped that the agreement for Block CA2 would be finalised soon.
“Both leaders noted that the signing represented a significant step forward in the development of cooperation between the petroleum authorities of both countries in this area,” the Malaysian government said in a statement.
Malaysia and Brunei also said there was potential for future cooperation beyond Block CA1 and CA2 and a possible joint venture in a third country in oil and gas exploration, reported Reuters.
Leave a Comment » | business opportunity, Malaysia, oil and gas | Permalink
Posted by Wata
September 27, 2010
Support me by purchasing my recommendations, or buying through my Amazon store.
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.
- Carigali Hess is looking for a Head Process Engineer, Senior Process Engineer, Senior Mechanical / Piping Eng, Elec Eng, Operations Support Executive. Email to job@carigalihess.com, indicating position applied for as subject of the email. Now you wonder, did Wata supply the right titles?
- Talisman is looking for Senior Completion/Intervention Eng, Operation Support Eng. Apply here, and visit their site.
- Sabic has an advert. They are looking for supervisors (elec, instr, mech). You can apply via email here or here. Or key in your resumes online here. Login under candidate login and password at the website.
Leave a Comment » | engineering, oil and gas | Tagged: carigali hsess, ibn zahr, Talisman | Permalink
Posted by Wata
September 26, 2010
Isn’t it ironic that Tapis field is not operated by PETRONAS? It’s still in the hands of a foreign multi-national.
From the Malaysian Insider, dateline 2010-09-23:
Malaysian state oil firm PETRONAS is reviewing its crude price formula, paving way for a change for the first time in eight years, industry sources said today.
The move comes after two other Southeast Asian producers Vietnam and Indonesia said they planned to review their price formulae, abandoning volatile local benchmarks in favour of European bellwether Brent to price their crudes.
Local markers suffer from low liquidity due to production decline at mature fields, with prices frequently diverging from global benchmarks, traders and analysts had said.
PETRONAS has been using 100 percent Tapis prices from the Asian Petroleum Price Index (APPI) since 2002.
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Leave a Comment » | business opportunity, Malaysia, oil and gas | Tagged: Tapis crude | Permalink
Posted by Wata
September 25, 2010
And the SOGT continues to be a grinding mill for complaints and accusations. Aren’t you glad you didn’t do the engineering?
From the Malaysian Insider, dateline 2010-09-22:
The RM2.4 billion job to build a fuel terminal in Kimanis has sparked widespread discontent in Kota Kinabalu, with the state’s Barisan Nasional (BN) MPs expected to publicly complain in Parliament next month about the contract given to a company linked to Sarawak Chief Minister Tan Sri Taib Mahmud’s family.
With little fanfare on September 1, Naim Holdings Bhd announced that Samsung-Naim JV, a joint venture between its subsidiary NCSB Engineering Sdn Bhd and Samsung Engineering Co Ltd, had won a contract worth US$766.39 million (RM2.40 billion) from Petronas Carigali Sdn Bhd to provide services for the Sabah Oil and Gas Terminal project (SOGT), one of the country’s largest infrastructure project.
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3 Comments | business opportunity, Malaysia, oil and gas | Permalink
Posted by Wata
September 22, 2010
Taken from the Borneo Post, dateline 2010-09-17:
According to HwangDBS Vickers Research Sdn Bhd (HwangDBS Research), the local companies were keen to tap the potential of Malaysia’s deepwater projects.
However, the high capital investment outlay needed to acquire asset and technology deterred most from venturing aggressively.
Previous tax incentives given by the government to encourage transfer of technology through acquisition of high-technology companies were no longer in place and this could put off potential investment.
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Posted by Wata
September 21, 2010
Taken from The Star, dateline 2010-09-17:
PETALING JAYA: A key issue hampering the progress of the local oil and gas (O&G) industry hinges on better communication of Petroliam Nasional Bhd’s (Petronas) development plans with other players in the industry, according to analysts.
An analyst with HwangDBS Vickers Research said there was limited engagement between Petronas and local players and this impedes the growth of local O&G companies.
“We are of the view that active dialogue with Petronas would give local companies ample time and opportunity to carry out the necessary groundwork for future developments,” the analyst wrote in a report.
The analyst said top on a wish list by industry players was to have greater clarity and better communication of Petronas’ direction and development.
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Leave a Comment » | business opportunity, Malaysia, oil and gas | Tagged: Petronas | Permalink
Posted by Wata
September 20, 2010
Support me by purchasing my recommendations, or buying through my Amazon store.
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.
- RasGas is looking for field operators (onshore), shift supervisors, panel/senior operators. Walk-in on the 27th to 30th Sept 2010. The interviews will be held at AP recruitment offices. CVs to be submitted here. You can phone the local recruiters at +603 2078 1917/8. I believe RasGas is a JV, one of the partners being ExxonMobil.
- I see that Qatar Petroleum is looking for people, and have a one page spread. You can visit at AP‘s site for more information. Apply here.
2 Comments | Malaysia, oil and gas | Tagged: Qatar, QP, RasGas | Permalink
Posted by Wata
September 19, 2010
An interesting combination of a hobby and work. Read about Seaventures.
From the Wall Street Journal, dateline 2010-09-18:
A onetime oil-drilling rig stands in crystal-clear waters dotted with tiny islands and their lush green hills. But most impressive is what’s underwater—an amazing array of coral reefs swarming with hundreds of species of multicolored tropical fish, sea turtles and other aquatic life. The rig has been converted to a hotel for snorkelers and especially for scuba divers.
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“So far as we know, we’re the only ones in the world using an oil rig as a hotel and diving platform,” said Suzette Harris, the Singaporean owner. Her father-in-law, a regional Malaysian official, bought the rig in Singapore in 1988 (there, she said, “you can buy a used drilling platform just like you can buy a used boat.”). He had it towed into Borneo waters.
1 Comment | business opportunity, diving, Malaysia, oil and gas | Tagged: Seaventures | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 