Don’t know about you, but I believe 2 things will happen:
When these will happen, ah, that’s the trick. Here’s one prediction.
The Star - Oil Price Rally?
I’ve scanned the article from the Star.
You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.
1 Comment | 
Malaysia, oil and gas | Tagged: crude, prediction, rally, The Star | 
Permalink
Posted by Wata
Taken from the New Straits Times, Malaysia, dateline 2008-01-09
KUALA LUMPUR: RON95 petrol will be introduced by the middle of this year to provide a cheaper fuel option for the masses.
At the same time, a higher tax will be levied on RON97 to subsidise RON95.This was revealed by Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad. A chart on how the retail price of petrol is determined will be provided to the public next week.
The chart will help answer queries and explain how the pricing mechanism works.
RON95, although of a higher grade than RON92, will be priced at the same level as RON92.
Shahrir explained that RON95 was a basic grade of petrol which could be used by virtually all vehicles with the exception of some luxury cars.“We will introduce RON95 by June or July. RON95 is about 10 sen to 11 sen cheaper than RON97. RON92 is currently priced at RM1.70. We will price RON95 at about the same,” he said after launching the Tesco-RHB Credit Card and Tesco-RHB Debit cards in Tesco Ampang yesterday.
Shahrir said the pricing of RON95 would be based on the Automatic Pricing Mechanism (APM). Prior to this, there was no price crisis and there was no need to explain on how the mechanism worked, he said.
The pricing of petrol at kiosks is based on the Mean of Platts Singapore (MOPS), a regional fuel price monitor.
“Should the MOPS price go below US$40 (RM142) a barrel then retail fuel price will fall. If MOPS is above US$78 per barrel, retail fuel price will increase,” he said.
6 Comments | Malaysia, oil and gas | Tagged: fuel, Malaysia, petrol price | Permalink
Posted by Wata
For those of you expecting a price drop every 2 weeks, this week bucks the trend. Petrol in Malaysia is still RM1.80 per liter.
Linking to my other article on comparative pricing, the US gas price on 2nd Jan 2009 is RM1.481 per liter (USD1.624 per gallon).
Leave a Comment » | Malaysia, oil and gas | Tagged: petrol price | Permalink
Posted by Wata
During my visit to a neighbouring country, I met up with an old acquaintance of mine. He told a tale of the fabrication yard he was in charge of. The yard was under the receivership or supervision of a bank, such that all the assets of the yard were owned by said bank. It got so bad that the yard staff were afraid to carry out housekeeping by disposing of scrap metal and junk equipment.
Scrap is scrap. It’s worthless as it rots in your yard, could be sold for money, and it occupies valuable space. It can cause a safety hazard, both physical (it’s sharp and could have a tendency to collapse according to Sod’s law), biological (mosquitoes, potential injury points), and procedural (moving stuff around a full fab yard is not a fun activity).
In the end, my friend got the bank to agree to disposal of the scrap, and doing some honest to goodness housekeeping.
I’ll leave you with a picture of another yard, showing an example of housekeeping and storage.
Fabrication: Storage Yard
7 Comments | engineering, oil and gas | Tagged: fabrication, housekeeping | Permalink
Posted by Wata
Another week, another scan of the Saturday Star newspaper. Here’s a list of job ads in the paper:
Strangely, there were no oil and gas engineering adverts in the last Saturday issue.
2 Comments | Malaysia, oil and gas | Permalink
Posted by Wata
I’ve scanned the article from the Star.
You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse
The Star Malaysia Article - Crude Oil Prices
Leave a Comment » | Malaysia, oil and gas | Tagged: crude, The Star | Permalink
Posted by Wata
Ah, my first visit offshore after I joined Esso Production Malaysia Inc (note the use of the old name).
2 Comments | engineering, oil and gas | Tagged: ESSO, Guntong, offshore | Permalink
Posted by Wata
There is an organization called the Association of Malaysian Oil & Gas Engineering Consultants, acronym MOGEC. Its stated objective is to
foster a closer relationship among the oil and gas engineering consultants
 If you look the MOGEC members, it seems as if it is a list of big boys in the O&G consulting industry. Now, are the aims of these entities the same as say those who are starting out in the field? They might be focused on:
What about the smaller engineering companies? They have different things to worry about:
So, do you think that another industry body, which I propose calling MOGSEC, be appropriate, and would it get support?
Don’t get me started on MOGSCÂ (which is pronounced mogs-see).
8 Comments | business opportunity, engineering, Malaysia, oil and gas | Tagged: mogec, mogsec | Permalink
Posted by Wata
Quoting from the New Straits Times on the 15th Dec, 2008
The price of fuel is reduced further by 10 sen a litre from midnight tonight. The price of RON97 is now RM1.80 from RM1.90 and RON92 at RM1.70 (from RM1.70) and diesel at RM1.70 (from RM1.80).
 Linking to my other article on comparative pricing, the US gas price on 15th Dec is RM1.569 per liter (USD1.667 per gallon).
2 Comments | Malaysia, oil and gas | Tagged: petrol price | Permalink
Posted by Wata
Okay, I know there’s no engineering here, but I’ve stayed in the grandkemang so often on business that I would label it as a choice for oil and gas visitors to Jakarta. Considering that most of the companies have moved to Jakarta South, the grandkemang is even more convenient.
Photosynth views of the lobby and the pool are here. Drop my name if you pop down.
Leave a Comment » | oil and gas | Tagged: grandkemang, hotel, Indonesia, Jakarta, Photosynth | Permalink
Posted by Wata
You are currently browsing the archives for the oil and gas category.
Paypal donations accepted.
Wata - Malaysian Oil and Gas Engineer 