Mubadala soon to decide on investment in Malaysia gas: Al Kaabi

February 25, 2018

Wait, I thought they had committed to SK320.

Dateline 2018-01-15, The Edge (no, not U2):

Abu Dhabi’s Mubadala Investment Co. is about to make final investment decision on big gas discovery in Malaysia, Musabbeh Al Kaabi, CEO of Mubadala Investment Co., says at conference in United Arab Emirates capital.

* Mubadala is in talks with Tellurian about potential investment in Houston-based co.’s gas project in state of Louisiana; no decision yet:

* Mubadala seeking to expand its chemicals business in North America, to continue investing in petrochemicals

…

Leave a Comment » | oil and gas | Tagged: , | Permalink
Posted by Wata

Petros up and running by 2020

February 24, 2018

How come SIB isn’t making press statements every week?

Dateline 2018-01-15, Borneo Post:

The state’s wholly-owned oil and gas (O&G) company, Petroleum Sarawak Berhad (Petros), is set to become an active player in the O&G industry within two years.

Chief Minister Datuk Patinggi Abang Johari Tun Openg said the company, established in August last year, aims to exploit all opportunities in the O&G industry once it is fully operational.

“Wait two years for Petros to take active participation in the oil and gas industry,” he said when opening the Parti Pesaka Bumiputera Bersatu (PBB) Miri Zone 10 triennial delegates meeting here yesterday.

The setting-up of Petros was to enable the state government to participate directly in the O&G industry in Sarawak.

Petros chairman Tan Sri Hamid Bugo was reported in November last year as saying the company was expected to start operations in the first quarter of 2018, and was looking for a suitable candidate to fill the post of chief executive officer.

Abang Johari, meanwhile, said Sarawak has the potential to become the strongest state in Malaysia by 2030 with a well-structured development plan based on digital economy, and headed by the state’s backbone party, PBB.

…

Leave a Comment » | Malaysia | Tagged: , | Permalink
Posted by Wata

IEM Shout Out – 2018-03 “Talk on Chemical Enhanced Oil Recovery (CEOR) Strategy and Approach- Offshore Peninsular Malaysia Case Study”

February 23, 2018

My technical division will be hosting a talk on the 10th March, 2018. It is worth 2 CPD points, and held at Wisma IEM. The talk will be presented by Ali Sabzabadi

The term Enhanced Oil Recovery (EOR) is being used in petroleum industry as Tertiary oil recovery whereby additional recovery can be obtained after natural recovery processes and conventional methods (e.g. water injection) have been exhausted. The EOR processes can be broken down in to three main categories, Thermal EOR (e.g. Steam injection), Immiscible/Miscible EOR (e.g. Lean Gas, CO2 injection) and Chemical EOR (e.g. Alkaline/Surfactant/Polymer injection). The field in focus that has been studied for Chemical EOR (CEOR) is an offshore oil field development in the Malay Basin in Peninsular Malaysia operated by PETRONAS Carigali, with Exxon as 50% stake holder.

Ali Sabzabadi holds a MEng. In Petroleum Engineering from Imperial College London, and a Chartered Petroleum Engineer with Energy Institute and member of UK Engineering Council. He has over 19 years of experience in Petroleum Engineering specialised in classical and applied reservoir engineering, Nu-merical Simulation, Full Field Development and Planning, Reservoir Management and Surveillance. His current role is leading an integrated subsurface technical team responsible for reservoir studies, full field reviews and developments up to EOR evaluations For Angsi and Besar fields in peninsular Malay-sia, and recently with Sarawak Oil FDP division. He has completed Full Field Development (FDP) plan for first offshore Chemical Enhanced Oil Recovery project for biggest oil producer field in Peninsular Malaysia. Have authored and co-authored few technical papers (SPE 165294, IPTC 18150, IPTC 18257).

Register here, or download the form here.

Leave a Comment » | Malaysia, oil and gas | Tagged: , | Permalink
Posted by Wata

Reality check for Malaysian oil and gas players

February 22, 2018

My counter doesn’t retract.

Dateline 2018-01-15, The Star:

Oil and gas (O&G) counters have gained much attention of late following the rise in oil prices.

Since the new year began, O&G stocks that operate in the upstream services segment such as UMW Oil & Gas Corp Bhd (UMW-OG), Sapura Energy Bhd and Bumi Armada Bhd have seen impressive gains of as much as 55% in just two weeks.

But some counters had retraced at least half of their gains by the end of last week.

Notably, they reminded that upstream O&G service players would be the biggest beneficiaries should capital spending return. However, there is no hint of the former happening just yet.

…

Leave a Comment » | investment, oil and gas | Permalink
Posted by Wata

Raja Ampat 2017-11 6 of 6

February 21, 2018

Leave a Comment » | diving | Tagged: | Permalink
Posted by Wata

Petronas begins investigation of gas pipeline leak

February 20, 2018

Dateline 2018-01-12, Malaysian Insight:

PETRONAS and representatives from relevant government agencies and local authorities have begun investigating the cause of Wednesday’s gas leak on its Sabah-Sarawak Gas Pipeline (SSGP), the company said today.

While the national petroleum company was mum on the cause of the leak, Sarawak Deputy Chief Minister Awang Tengah Ali Hassan said the initial report he received indicated there was a rupture on the pipeline caused by “shifting earth”.

…

 

Leave a Comment » | Malaysia | Tagged: , | Permalink
Posted by Wata

Saturday Star 2018-02-17 – Job Opportunities

February 19, 2018

Happy worry about a new year week. IGL has pivoted into training, so book your seats now.

We’re thinking of republishing Young Turks of PETRONAS, but it’s a minimum 500 book printing run. Do I have enough interested persons to purchase?

Donate to your favorite charity (me), buy my recommendations, or through my Amazon store. Or get the Young Turks series (3 books until I can get YTP republished). Where are those corporate sponsors? Or throw donations at me, my camera dive case flooded, and I need a new replacement. Heck, if you want to send me a Canon 5D Mk III plus dive case, I will not say no.

  • I have a feeling that The Star isn’t the preferred O&G job recruitment portal now, and they have moved adverts to another online presence (I bought a dead tree edition this week). I see more adverts via social media. What do you think, is it a step change that the papers need to embrace?
  • I’m looking for jobs for 2Q2018. Send me your POs.

Food choice of the week? Please patronise King’s Confectionery at IOI Mall. A member of the family is working there while waiting for exam results. Go on, you know you want to a donut (British edition) every 3 hours.

This week, may I suggest you have a peek at Dakwah Corner? They have branches in Subang Parade, PJ Section 14, Ampang Park (okay, forget about the Ampang Park branch)

Leave a Comment » | Malaysia, oil and gas | Permalink
Posted by Wata

Gas leak at Petronas SSGP in Lawas

February 18, 2018

Dateline 2018-01-10, Malay Mail Online:

A gas leak occurred at 1.45am today at Petronas Sabah-Sarawak Gas Pipeline (SSGP) located in Long Luping, Lawas district in Limbang Division.

Petronas Sabah and Labuan Regional Office Media Relation said the emergency response team had been mobilised  and put the situation under control, with all relevant authorities having been informed the matter.

…

 

Leave a Comment » | Malaysia, oil and gas | Tagged: | Permalink
Posted by Wata

Malaysian Kinabalu field’s production ramps up to 14,500 boe/d: operator Repsol

February 17, 2018

Dateline 2018-01-10, S&P Global:

Spanish integrated producer Repsol has ramped up output at the Kinabalu field in Malaysia to 14,500 barrels of oil equivalent per day, after it started production in the fourth quarter of 2017, a company spokesman told S&P Global Platts on Tuesday.

Repsol is the operator of the field, with a 60% stake, giving it a net 8,700 boe/d, and the remainder goes to local state-owned Petronas.

Repsol started operating the offshore field in Malaysia’s Sabah basin in 2012. The companies invested a total of around $150 million to boost output from the mature field — including the installation of a bridge-linked wellhead platform, which was installed during summer.

…

 

Leave a Comment » | Malaysia | Tagged: | Permalink
Posted by Wata

O&G players continue positive momentum as crude oil price hits 3-year high

February 16, 2018

Can you carry us small fry with the momentum?

Dateline 2018-01-10, Edge:

Oil & gas (O&G) players continued their positive momentum this morning, buoyed by optimism and positive sentiment after crude oil price hit a 3-year high of US$69.23.

As at time of writing, UMW Oil & Gas Corporation Bhd led the most active counters with more than 132.5 million shares traded, as its share price gained by 4.7% or 2 sen to 44.5 sen. Sapura Energy Bhd was also among the active counters as its share price rose by 1.6% or 1.5 sen to 95 sen, with 66.0 million shares exchanging hands.

Hibiscus Petroleum Bhd gained 2.83% or 3 sen to RM1.09 with about 59.9 million shares traded, while Dagang NexChange Bhd made its upward movement by 2.8% or 1.5 sen to 55.5 sen with 17.0 million shares exchanging hands.

…

Leave a Comment » | investment, Malaysia | Permalink
Posted by Wata

« Previous Entries
Next Entries »