Dateline 2009-06-26:
UMW to inject more companies into O&G arm
UMW Oil
Anyone know what UMW’s O&G division core business is?
You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.
From the Star – UMW
July 1, 2009
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Malaysia, oil and gas | Tagged: UMW | 
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Posted by Wata
Saturday Star 2009-06-27 – Job Opportunities
June 29, 2009Another week, another scan of the Saturday Star newspaper. Here’s a list of job ads in the paper:
- First off, Synergy is looking for 5 lead safety engineers and 3 lead process engineers. Visit the Synergy website for contact details. And safety specialists. Ah, heck. If you have more than 5 years experience in O&G, apply. If you have less than 5, send a donation to the offshore account, and still get abuse.
- Nippon Oil Exploration (lovingly known as NOEX) is looking for a contract engineer and project engineer. If you want to apply, snail mail to Human Resource Section NIPPON OIL EXPLORATION (MALAYSIA) LTD., Lot 116B, 3rd Floor, Wisma Interhill, Miri Waterfront Commercial Centre, 98000 Miri, Sarawak.
- Total is looking for a Sales Engineer (Industrial). Send details to hr@totaloil.com.my
Sigh, since I have moved with Synergy out of KL, will you patronise Chee Meng in my memory? Or invite me to meetings around Bukit Bintang at lunchtime? Is he doing packet specials?
Maybe I should change loyalty to Pakeeza, which is a bit closer to the office.
1 Comment | engineering, Malaysia, oil and gas | Tagged: nippon oil, NOEX, SOGE, Synergy, Total | Permalink
Posted by Wata
From The Star – PETRONAS to cut Costs
June 28, 2009Dateline 2009-06-26:
Petroliam Nasional Bhd (PETRONAS) is seeking to slash its expenditure by 30% from the amount it spent in its 2006 fiscal year.
“There must be shared misery. We must have a hard look at costs,” said president and CEO Tan Sri Mohd Hassan Merican.
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- PETRONAS to cut costs
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- PETRONAS to cut costs
I’m getting mixed messages. The previous week’s articles said that O&G market is getting back on its feet. And then PETRONAS cuts expenditure (and the companies at their knees). And for growing companies like mine, how we gonna pay for milk and diapers?
You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.
3 Comments | Malaysia, oil and gas | Tagged: Petronas, star | Permalink
Posted by Wata
From the Star – Oil Play Back in Favour
June 26, 2009Dateline 2009-06-20:
…Most oil and gas players do not have direct exposure to oil prices. The industry has a wide range of business models, and most of the local players provide services to Petroliam Nasional Bhd (PETRONAS) and other oil majors, comprising of PETRONAS’ production sharing contractors (PSCs) such as Murphy Oil, Shell and ExxonMobil.
Star – Oil Play Back in Favour (pdf)
And I see Uzma’s boss, Datuk Kamarul Redzuan Muhamed, is quoted in the article, which you can get from their site.
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Leave a Comment » | Malaysia, oil and gas | Tagged: Uzma | Permalink
Posted by Wata
From The Star – Downturn Crimps Industry Investments
June 25, 2009Dateline 2009-06-20:
Given that the demand for energy can only rise and that crude oil will still make up the largest portion of the energy mix of the future, governments and energy companies will have their work cut out for them in satisfying the huge appetite for fuel and power amid growing concerns over sustainability issues.
However, the global economic recession has slowed investments in the oil and gas industry, with double-digit drops in percentage terms in the upstream conventional fuel renewable energy segment compared to 2008, according to the International Energy Agency (IEA).
Downturn Crimps Industry Investments
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From The Star – Oil Money Fuels Malaysia
June 24, 2009Dateline 2009-06-20:
… A key component of Malaysia’s economy, the oil and gas sector accounts for 30% of the country’s manufacturing income and about 8% of the annual gross domestic product.
Star – Oil Money fuels Malaysia’s economy (pdf)
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Leave a Comment » | Malaysia, oil and gas | Tagged: The Star | Permalink
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From The Guardian – Malaysia oil output falls to 550,000 bpd
June 20, 2009KUALA LUMPUR, June 8 (Reuters) – Malaysia’s crude oil output has fallen to 550,000 barrels per day (bpd) this year from 600,000 bpd in 2008, as ageing fields took their toll after years of steady production levels, Petronas’ chief said on Monday. Overall output for both crude oil and condensates fell to 650,000 bpd versus 700,000 bpd last year, Mohd Hassan Marican, Petronas Chief Executive, told Reuters in an interview.
You can read the rest of the article here. I wonder how much of the drawdown is based on a conscious decision to let production slide due to lower crude oil prices.
Leave a Comment » | Malaysia, oil and gas | Tagged: Guardian, Petronas | Permalink
Posted by Wata
OGA 2009 Swag Bag
June 19, 2009I didn’t get to go round to a lot booths and pavilions this year. Managed to grab some yummies (that’s snacks and premium coffee) here and there, but the take away this year was a bit thin.
OGA 2009 Swag Bag
7 Comments | engineering, Malaysia, oil and gas | Permalink
Posted by Wata
From the NST – Murphy Discoveries
June 18, 2009Dateline 2009-06-13, taken from the New Straits Times:
Murphy makes oil discoveries offshore Sabah
New York: Murphy Oil Corp said it has made two additional discoveries in offshore Malaysia, one of them near its Kikeh field.
3 Comments | Malaysia, oil and gas | Tagged: Murphy, NST | Permalink
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From the NST – PETRONAS Promises to Spend
June 17, 2009Dateline 2009-06-13, taken from the New Straits Times:
Hassan: No cutback in PETRONAS spending:
Petroliam National Bhd (PETRONAS) has not reduced any spending in the oil & gas sector, pledging a commitment of some RM35 billion for the exploration and production activities this year.
NST PETRONAS Spending
I think that PETRONAS might have held back a wee bit on local crude brownfield debottlenecking and production enhancement projects since the beginning of this year, but that’s me. I actually missed their booth at this year’s OGA, and I sincerely apologise.
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16 Comments | engineering, Malaysia, oil and gas | Tagged: NST, Petronas | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 