O&G industry looks to talent and technology on stronger outlook

December 6, 2018

Dateline 2018-10-11, Malaysian Reserve:

Malaysia’s oil and gas (O&G) sector is looking to recruit and invest in new talent and technology due to improved market confidence as a result of stronger energy prices.

Monster.com Asia-Pacific and Middle East CEO Abhijeet Mukherjee said these factors have unlocked new investments and operations in large-scale O&G projects.

“This increase in activity is enabling companies to refocus on recruiting quality talent to lead and deliver value,” he told The Malaysian Reserve.

The industry, he added, is gradually shifting from dependency on manual labour to becoming data-and analytics-driven.

“We see recruitment happening in new areas such as robotics, big data and artificial intelligence as companies use technology to make working conditions more attractive, better forecast and production more economically viable.”

According to the Monster Employment Index (MEI), Malaysia’s O&G sector has witnessed positive annual growth in online recruitment since April last year.

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Some Job Opportunities – 2018-12-05

December 5, 2018
  1. Two Malaysian operating companies are on the lookout for a metering and measurement engineer. 5+ years experience. Send me a message if you meet the requirements. Only those who meet my grade may get a response.
  2. I is on the lookout for a lead rotating machinery engineer (pumps) to work on a root cause analysis project. Suggest 8 to 10 years operations experience with pumps. I am guessing 2 weeks full time for workshop, then working another 3 months part time on follow ups and further findings. Send me a message if you meet the requirements. Only those who meet my grade may get a response.

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Marketing Rounds – ASEAN Electrotechnical Symposium & Exhibition 2018

December 5, 2018

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Diving Tenggol 2018-09 Pt 4 of 6

December 5, 2018
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Time for Petros to lay out its plans

December 4, 2018

Yeah, since Sabah wants to emulate them.

Dateline 2018-10-11, FMT:

It has been over one and a half years since the announcement to set up Petroleum Sarawak Bhd (Petros) was made. Until today, no specifics have been released by the Sarawak government or its Chief Minister Abang Johari Openg.

As days go by, more questions emerge such as the amount of initial paid-up and working capital the state government will inject to get Petros operational, and who will make up the senior management aside from Saau Kakok who has been announced as its CEO.

Saau is a former special projects vice-president of US-based independent oil company, Hess Corporation.

Abang Johari, when announcing the setting up of Petros in 2017, said: “Petros is expected to be in operation within six months because we must get our side ready for us to get involved in upstream oil and gas (O&G) activities.”

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O&G firms see RM398m export potential

December 3, 2018

INSP is International Sourcing Program.

Dateline 2018-10-09, Malaysian Reserve:

MALAYSIAN companies have recorded a total RM397.9 million of export potential via the International Sourcing Programme (INSP) at the 4th Malaysian Oil and Gas Services Exhibition and Conference (MOGSEC) 2018 that was held between Sept 25 and Sept 26, 2018.

The exhibition saw the participation of 34 Malaysian oil and gas (O&G) companies that were eyeing export markets including the United Arab Emirates, Pakistan, Turkey, Myanmar and Vietnam.

Malaysia External Trade Development Corp (Matrade) CEO Dr Mohd Shahreen Zainooreen Madros (picture) said in a statement the export potential was configured through 86 meetings organised under the INSP.

“The INSP helps a great deal for local companies as they get to meet with the foreign buyers in their home country, giving them a competitive advantage in terms of cost,” he said.

He added that foreign buyers at the INSP this year were sourcing various Malaysian O&G services including equipment and parts, rig cooling services, well-testing support equipment services, vessel monitoring systems, remote monitoring, manpower supply and services, transportation and logistics, services gas, as well as saturation logging and simulation studies.

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MGA advocates expanded role for natural gas

December 2, 2018

Dateline 2018-10-09, Borneo Post:

In support of the government’s efforts to achieve Malaysia’s COP21 targets, the Malaysian Gas Association (MGA) is advocating for the expanded use of natural gas, a clean, efficient and cost-effective fuel, to reduce the country’s carbon emissions and drive social, environmental and economic progress.

Malaysia’s natural gas industry reported a cumulative contribution to the nation’s gross domestic product (GDP) amounting to 4.2 per cent, comprising of domestic sales of natural gas at US$2.45 billion and exports in the form of liquified natural gas (LNG) valued at US$10.56 billion in 2015.

Commenting on the industry, MGA president Hazli Sham Kassim said that given that natural gas is the cleanest burning fossil fuel, the association believes natural gas can play a prominent role in ensuring the country achieves its COP21 promise by supporting the expansion of renewable energy while simultaneously driving Malaysia’s economic progress.

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Higher oil price a boon to upstream activities in Malaysia

December 1, 2018

Is the boon enough to keep me in the business?

Dateline 2018-10-01, Market Pulse:

Rising oil prices will be a boon to the local oil and gas (O&G) sector as production is expected to rise and producers seek to pump more crude from the available and new wells.

Analysts also expect oil companies to free up more of their budget for upstream activities after four years of doldrums and expenditure slashing.

Oanda Corp head of trading for Asia Pacific Stephen Innes said despite the Brent crude price optimism of reaching the US$100 (RM414) per barrel level will be a “short-term phenomenon”, it will facilitate more upstream activity globally.

“Higher oil prices will attract more capital to offshore rigs, which are expensive but profitable near current levels, result in pipeline infrastructure improvement from the US Permian basin, and allow Russia and OPEC to ramp up production.

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Gas players want more clarity on policies

November 30, 2018

Dateline 2018-10-03, The Edge:

A clearer policy by the new Pakatan Harapan government on the country’s energy mix and market pricing for the gas industry is needed, said players in the gas supply chain.

Malaysian Gas Association (MGA) president Hazli Sham Kassim said while there are existing policies in place, more clarity is needed to encourage more investments into the industry.

“We hope to see a clearer policy stance on the energy mix, which will make it easier for our members to plan their investments. For example, there are still international companies reluctant to invest in the gas industry in the peninsula because they are not sure of the market conditions,” Hazli told a media briefing yesterday.

He said this is especially the case as usage of coal increases, potentially reducing gas usage.

“As far as the gas industry in Malaysia is concerned, it is under pressure because of coal production which is expected to increase, [and] of which gas usage is also expected to decline.”

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Malaysia delays implementation of Euro 4M specs for 95 RON gasoline to Jan 2020

November 29, 2018

This is of interest to me as MOGEC is a member of SIRIM ISC H.

Dateline 2018-10-03, Platts:

Malaysia has postponed the implementation of its Euro 4M gasoline specifications for the 95 RON grade to January 1, 2020 from the initial October 1, 2018, according to a government circular to oil companies seen by S&P Global Platts on Tuesday.

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