November 7, 2010
Taken from the Star, dateline 2010-11-02:
Petronas Gas Bhd has appointed four new directors following the resignation of two directors, namely Datuk Mohammed Azhar Osman Khairuddin and Farehana Hanapiah.
It told Bursa Malaysia that the newly appointed non-independent and non-executive directors were Rosli Boni, Mohammad Medan Abdullah, Ramlan Abdul Malek and Lau Nai Tuang.
Mohammed Azhar also resigned as a Petronas Gas audit committee member. Rosli was appointed a new audit committee member.
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You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.
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Posted by Wata
November 5, 2010
Dateline 2010-11-02, from City A.M.:
STATE-owned Malaysian oil and gas group, Petronas could raise up to $4.8bn (£2.9bn) from an initial public offering (IPO) of shares in its newly formed chemicals subsidiary, more than double earlier market estimates.
The prospectus for the IPO of Petronas Chemicals Group reveals shares will be priced at between MS$4.50 and MS$5.20. But the group has increased the amount of stock to be sold from 30 per cent to 35.6 per cent. The increased offering reflects the strength of Asian capital markets whose local economies are in buoyant mood as well as an influx of western investment funds seeking higher returns. Selling the maximum share allocation would raise $4.78bn, compared with initial estimates for the sale of about $2bn. The listing could become Malaysia’s biggest capital raising, dwarfing the listing of Maxis, the telecommunications group, which raised $3.3bn in 2009.
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Posted by Wata
November 4, 2010
Here’s an article from the Malaysian Petroleum Club publication, Resource. It is on Chan Cheu Leong, CEO of Wah Seong Corporation.
PDF Article on Wah Seong CEO
Leave a Comment » | investment, Malaysia, oil and gas | Permalink
Posted by Wata
November 3, 2010
Taken from the Star, dateline 2010-10-26:
MALAYSIA’S oil, gas and energy sector is expected to register an annual growth of 5% from 2010 to 2020.
This ambitious goal will deliver RM131.4bil in terms of gross national income (GNI) by 2020, or doubled the current contribution. It will also create an additional 52,000 jobs.
To achieve this target set out under the Economic Transformation Programme (ETP), 12 entry point projects (EPPs) have been identified. The EPPs will generate RM47.1bil to GNI, while another RM61.2bil will come from business opportunities and baseline growth.
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You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.
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Posted by Wata
November 2, 2010
Malaysia is a leading player in the oil and gas industry in the Asia-Pacific region and according to industry experts, has the potential to be one of the world’s key deep-water oil and gas hubs.
In this context, the upcoming 18th International Oil & Gas Industry Exhibition & Conference (OSEA) 2010, will give local companies an excellent opportunity to further showcase their expertise and specialised services.
To be held from Nov 3-Dec 3 at the Suntec Singapore, the event will involve 1,500 international exhibitors and is expected to receive over 22,000 participants from 60 countries and regions.
The contribution from the sector is expected to increase by approximately 20 per cent over the next five years to reach RM81.9 billion or 11.1 per cent of Malaysia’s Gross Domestic Product (GDP).
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Posted by Wata
November 1, 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.
- Halliburton has an ad for Trainee Operations Engineers, Experienced Operations Engineers, Field Service Operators. You can apply via email here.
- Petrofac is looking for a Senior Completion Engineer. Contact them here.
- Sabic has an advert. They are looking for a change management specialist, production planner, process trainer, production engineer, development specialist, material engineer, rotating equipment engineer, inspection engineer, reliability system team lead. You can apply via email here or here. Or key in your resumes online here. Login under candidate login and password at the website.
- Expro (“Well Flow Management”) is looking for a Operator / Senior Operator Well Testing, Drill Stem Test (DST) Operator, Tubing Conveyed Perforating Specialist. Apply here.
No particular book recommendation today, though I appreciate continued purchases and donations. For the next 6 weeks, my food will be taken care of by TaHa.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: Expro, Halliburton, Petrofac, sabic | Permalink
Posted by Wata
October 31, 2010
Dateline 2010-10-30:
MALAYSIAN Marine & Heavy Engineering Holdings (MMHE) made an impressive debut on the stock exchange yesterday, rewarding retail subscribers of its shares with a hefty gain of almost 25 per cent.
Given the company’s stellar first-day performance, investor interest in the impending listing of Petronas Chemicals Group – the next Petronas unit slated to float its shares this year in Malaysia’s biggest IPO offering – is bound to be magnified.
Retail and institutional investors had subscribed for MMHE’s public offer at RM3.61 (S$1.50) and RM3.80 per share respectively. The closing price yesterday was RM4.51.
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Posted by Wata
October 30, 2010
Pouring oil on the fire, dateline 2010-10-19: Is it politically correct to bring out at this point that I need a work permit to ply my trade in Sabah and Sarawak?
DAP national publicity secretary Tony Pua has claimed that Sabah and Sarawak will remain marginalised because most projects under Budget 2011 are for peninsular Malaysia.
Of 39 prominent projects stipulated in the Budget, Pua said only eight were based in the two states and that the value of all projects in the peninsula amounted to a massive RM109.74bil.
“In contrast, Sabah and Sarawak’s amounted to a meagre RM9.55bil or just 8% of the total value,” he told reporters at Parliament lobby.
Pua said in the oil and gas sector, Sabah and Sarawak had contributed 44.5% in terms of crude oil and 64.1% of natural gas production in 2007.
“Based on the Ninth Malaysia Plan mid-term review, the two states remained the poorest in the country. It is hard to imagine that it was only in 1970 when Sabah was the second richest state in the country.”
Leave a Comment » | Malaysia, oil and gas | Tagged: Sabah, Sarawak | Permalink
Posted by Wata
October 28, 2010
Taken from the CSR digest, dateline 2010-10-20:
Talisman Malaysia Limited held the 2010 Talisman Malaysia Limited Scholarship Award Presentation Ceremony recently at the Mandarin Oriental hotel in Kuala Lumpur. Officiating the event was YB Datuk Haji Omar bin Abd. Rahman, Deputy Secretary General (Management), Ministry of Higher Education, Malaysia. Also attending the ceremony was Vice President of Operations and Engineering and Acting Country Manager Talisman Malaysia Limited, Jim Tarlton.
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4 Comments | Malaysia, oil and gas | Permalink
Posted by Wata
October 27, 2010
I know the fellas at Uzma are smart, but this news release must rank among those most empty of information. Do you buy or sell Uzma share?
Taken from the Star, dateline 2010-10-23:
Oil and gas contractor Uzma Bhd told Bursa Malaysia yesterday its wholly owned unit has received a letter of award from a national oil company as one of the contractors appointed to do subsurface studies for “routine and enhance oil recovery services’’ for an intial period of three years.Uzma did not named the national oil firm, disclosed any financial details with regards to the appointment. “It should be noted that the subsurface contract does not constitute or imply a commitment by the oil firm to award any specific volume of works to Uzma.”
You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.
2 Comments | business opportunity, Malaysia, oil and gas | Tagged: Uzma | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 