BEM Open Day 2018-11

November 28, 2018

If you want to know more about how to be registered as a graduate engineer, technologist, clerk of works, engineering consultancy practice, and basically how to not run afoul of the law (in addition to other interesting stuff) turn up. Run, don’t walk. If you see me, say hi. The schedule can be obtained here.

Taken from bem.org.my:

The Board of Engineers Malaysia (BEM) will be organising BEM OPEN DAY 2018 on 4th December 2018 & 5th December 2018 offering many programmes including Stakeholders Engagement SessionMini Seminars (free of charge)Exhibition boothHelp-Desk @ consultation clinic & STEM Competition.

The Board wish to invite all registered engineers, engineering technologists and inspectors works and general public including university graduates, students, parents, teachers to attend BEM Open Day 2018 and participate in all our programmes. Grab this golden opportunity to meet us in BEM, clear your doubts and gather as much information as possible. Register and Renew online during BEM Open Day 2018.

 


IEM-Standards Malaysia-Suruhanjaya Tenaga Electro Technical Symposium 2018-11

November 28, 2018

While waiting for the next CAFEO Export Acceleration Mission 2019 in Jakarta, take the edge of with this. The Symposium is on the 4th and 5th December, 2018 at Connexion Conference and Exhibition Centre, KL. Register at www.iese.my
IESE2018 Brochure 18112018-page-001


Diving Tenggol 2018-09 Pt 3 of 6

November 28, 2018

Nuclear option should stay

November 27, 2018

Yes, it is an excellent deterent I look forward to when we have backyard reactors.

Dateline 2018-10-04, NST:

PRIME Minister Tun Dr Mahathir Mohamad recently lamented our traumatic experiences with radioactive materials (amang) during his special address at the recent Conference of Power and Electricity Supply Industry 2018 (CEPSI 2018).

He said that until today, scientists still haven’t delivered an acceptable solution for the radioactive waste problem and then stressed that nuclear power should never be an option for Malaysia.

This feels like we are unwittingly turning the clock back to the 80s. This is because nuclear power is now widely acknowledged as the only proven solution for carbon-free base load electricity generation. Nuclear power was so popular in the last decade that there was even a brief period of global nuclear renaissance when climate change felt inevitable and the hike in crude oil prices seemed unending. Unfortunately, the Fukushima nuclear accident in 2011 put a spanner in the works. Nevertheless, 436 nuclear power reactors are still in operation in 31 countries around the globe. In addition, 55 new reactors are currently under construction. Even Japan, which closed down or suspended the operations of all of its nuclear power plants after the Fukushima disaster, has restarted a few plants to meet domestic electricity demands.

Germany, on the other hand, decided in 2000 to shut down all of its nuclear power stations. It now imports electricity from (ironically) nuclear-powered France while sweating over a creeping increment of carbon index due to higher reliance on fossil fuels.


Petronas should conserve finances

November 26, 2018

And what happens to us bottom feeders?

Dateline 2018-10-04, Sun Daily:

IS the decision by Petroliam Nasional Bhd (Petronas), to pay a sharply higher dividend this year to the Federal Government financially prudent and sustainable in the medium term?

Buoyed by a stunning 71.5% jump in net profit to nearly RM23 billion for the first half of this year, the national oil company announced it will pay RM24 billion in dividends to the Federal Government this year – a 50% hike from the RM16 billion level last year.

Higher dividends are financially feasible this year because oil prices have increased markedly and are likely to remain elevated in the short term.

This is due to the combined impact of US sanctions against Iran – resulting in possibly 1.5 million barrels per day (bpd) withdrawn from the market effective Nov 4 this year – hiccups in Venezuela’s oil production and major producer Saudi Arabia’s inability or refusal to raise output immediately to meet this shortfall in supply.

On Monday, Brent crude oil futures closed at US$84.98 (RM351.81)/barrel. Post settlement, prices strengthened to US$85.45 – the first time that prices exceeded the US$85 level since November 2014.


Nuclear power is our green future

November 25, 2018

For the record, I agree with the title.

Dateline 2018-11-02, NST:

NUCLEAR power was Malaysia’s last energy option during Tun Dr Mahathir Mohamad’s first tenure as prime minister. The policy was rescinded by his two successors, who studied nuclear as a possible part of our energy mix in the peninsula.

However, now that Dr Mahathir is back at the helm, nuclear power is again out of any energy policy consideration.

He declared during his address at the Conference of the Electric Power Supply Industry (Cepsi 2018) that Malaysia would instead explore full use of domestic coal reserves for baseload power generation.

His stand against nuclear power is not surprising. In a number of his blog posts, he lamented over disturbing experiences with radioactive materials called “amang” during the Asian Rare Earth Bukit Merah controversy.

He claimed that until today, scientists had failed to offer an acceptable solution to the radioactive waste conundrum.

Be it in office or out, he said that nuclear power should never be an option for Malaysia.


Oil rally sparking huge interest in Malaysia Oil and Gas

November 24, 2018

Dateline 2018-09-26, Marketpulse:

The rise in the price of crude oil to a four-year high of US$80 (RM331.20) a barrel has lifted over 20 oil and gas (O&G)-related stocks on Bursa Malaysia.

Bloomberg data shows five stocks have risen over 12% since Monday to the close of market yesterday as crude oil prices extended gains on prospects of tighter global supply availability, while 15 others rose between 1% and 10%.

The stock that has increased the most over the span of three trading days was Deleum Bhd which closed at RM1.14 yesterday, 16.92% higher than its close last Friday of 98 sen a share.

The company had recently secured three new contracts from Petronas Carigali Sdn Bhd, Sarawak Shell Bhd and Sabah Shell Petroleum Co Ltd for provision of integrated corrosion solution and oilfield services.

Deleum has a market value of RM461.29 million and its stock had returned 27% year-to-date, trading at 14 times its estimated earnings per share for the coming year.


Malaysia’s RAPID project receives first crude oil cargo

November 23, 2018

Dateline 2018-09-26, O&GJ:

The jointly held Saudi AramcoPetronas $27-28-billion Pengerang Integrated Complex (PIC) in southeastern Johor, Malaysia, has received its first delivery of crude oil at Pengerang Deepwater Terminal 2, marking the transition into the commissioning phase for startup of the 300,000-b/d refinery and petrochemical integrated development (RAPID) project (OGJ Online, Mar. 29, 2018).

Pengerang Refining & Petrochemical (PRefChem)—an alliance of Petronas and Aramco that includes the two joint ventures Pengerang Refining Co. Sdn. Bhd. and Pengerang Petrochemical Co. Sdn. Bhd.—received a cargo of 2 million bbl of crude supplied by Petronas and Aramco on Sept. 24 that will be used for commissioning and testing activities at the refinery, which are scheduled to begin in October, Aramco said.


Volatile landscape amid rising oil prices: Petronas

November 22, 2018

Dateline 2018-09-25, NST:

Local oil, gas and energy players are urged to tread carefully and respond cautiously towards the uptrend seen in the crude oil prices, as volatility are expected to continue due to trade wars and geopolitical risks.

Petroliam Nasional Bhd (Petronas) president and chief executive officer Tan Sri Wan Zulkiflee Wan Ariffin said despite improving outlook, which saw a spike in Brent oil prices hitting the 4-year high at US$80 a barrel this morning, it is important to be mindful of the unpredictable industry landscape.

“Currently, the outlook for the oil and gas industry is also improving. Year-to-date Brent is at US$72 per barrel, a significant sharp increase from the average of US$54 per barrel in 2017 and the oil and gas sector here seems to be responding positively.

Diving Tenggol 2018-09 Pt 2 of 6

November 21, 2018