March 15, 2019
And congratulations Mohd Yazid Ja’afar .
Dateline 2019-02-08, Sarawak Tribune:
Malaysian oil and gas services and equipment (OGSE) companies must diversify their businesses to remain competitive amidst signs of greater market volatility in 2019, said Malaysia Petroleum Resources Corporation (MPRC).
Deputy chief executive officer Mohd Yazid Ja’afar said while oil prices had risen since the beginning of the year, concerns about a supply glut and weakness in the global economy would keep prices on a tight leash, as evident from the general cautiousness of global oil companies and their continuous push for cost efficiencies.
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Posted by Wata
March 14, 2019
Dateline 2019-02-11, Malay Mail:
The oil and gas (O&G) industry, Malaysia’s second highest export earner after electrical and electronics, will continue to be a focus area for the government this year amid the volatility in oil prices.
International Trade and Industry Deputy Minister Ong Kian Ming said while tackling weakening crude oil prices, Malaysia was also giving attention to downstream products.
“We are giving attention to downstream products and do expect (investment) activities due to the Refinery and Petrochemical Integrated Development (RAPID) project in Pengerang.
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Posted by Wata
March 13, 2019
Note that the article is focussing on downstream activities, not us muck in the mud folks.
Dateline 2019-02-07, The Sun:
More of Malaysia’s oil and gas services and equipment (OGSE) companies are expected to set their sights on the downstream sector mainly in the maintenance, repair and overhaul (MRO) segment with the completion of Petronas’ Pengerang Integrated Complex (PIC) in southern Johor said Malaysia Petroleum Resources Corp (MPRC).
According to its “Top 100 OGSE Companies in Malaysia FY2017” report, while volatility of the oil price is expected to persist in 2019 global oil and gas development activities are expected to increase in the coming years, with operators aiming to move forward to develop new offshore fields, particularly those located in deep waters.
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Posted by Wata
March 12, 2019
Yea, MPRC is still around.
Dateline 2019-02-08, The Star:
MISC Bhd led Malaysia Petroleum Resources Corp’s (MPRC) latest list of Top 100 Malaysian oil and gas services and equipment (OGSE) companies, ranked in order of annual revenue for financial year 2017.
The list showed MISC edging out Sapura Energy Bhd, which was FY2016’s top ranked company. Dialog Group Bhd meanwhile has maintained its position at third place.
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Posted by Wata
March 11, 2019
Dateline 2019-02-07, The Star:
Creating awareness of opportunities, offering mentoring and support, and having the infrastructure in place to allow women to return to work after starting a family can go a long way towards narrowing the gender gap in the engineering profession.
“On my first trip offshore, I was the only woman on a CAT3 barge of over 200 men – and the prettiest one on board,” Hani Zahira Zaharudin recalls. Though the 26-year old project engineer’s anecdote is laced with humour, it reflects the more serious reality of the gender gap prevalent in the engineering profession.
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Posted by Wata
February 14, 2019
Dateline 2019-02-04, FMT:
An economist has urged the government to review its special dividend payment from Petronas, saying it may affect the state oil firm’s capital expenditure programmes.
Yeah Kim Leng, a professor of economics at Sunway University, suggested that the government consider other revenue sources such as the monetisation of assets instead of Petronas reserves which may suffer due to the low oil prices.
“If Petronas is unable to carry out its capital expenditure programmes, it may attract negative ratings from international credit rating agencies,” he added.
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Posted by Wata
February 13, 2019
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Posted by Wata
February 12, 2019
Dateline 2019-01-31, Borneo Post:
Petroliam Nasional Bhd (Petronas) yesterday denied allegations in a blog post and online site that the it gave preferential treatment to certain companies.
An online site alleged that Petronas gave preferential treatment to an oil and gas upstream services provider.
In a statement, Malaysia’s fully integrated oil and gas company said it had filed reports with relevant authorities in regards to the posting and would leave the matter to the authorities for their further action.
“With reference to malicious allegations contained in a post in an unverified online site, Petronas wishes to state, in the strongest terms, that the allegations are unsubstantiated and untrue.
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Posted by Wata
February 11, 2019
Dateline 2019-01-23, S&P Global:
The start-up of the 300,000 b/d Refinery and Petrochemical Integrated Development, or RAPID, project in Malaysia will boost Asia’s refining capacity growth in 2019, increase Saudi crude inflows to the region and add to the supply of refined petroleum products.
The RAPID facility, operated by Pengerang Refining and Petrochemical or PRefChem, a joint venture between state-run Petronas and Saudi Aramco, is among the largest greenfield oil refineries to start operations in Southeast Asia in recent years, supplementing the existing refining hub in adjacent Singapore.
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Leave a Comment » | oil and gas | Tagged: Pengerang, Petronas, RAPID, Saudi Aramco | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 