‘Petronas exploring new energy avenues’

November 13, 2017

Does this affect the spirit of amanah PETRONAS is given in the Petroleum Development Act 1974?

Dateline 2017-09-26, NST:

PETROLIAM Nasional Bhd (Petronas) is considering venturing into renewable energy (RE) to stay relevant in the global energy industry, said president and chief executive officer Tan Sri Wan Zulkiflee Wan Ariffin.

Petronas could venture into solar, wind or other new energy sources, Wan Zulkiflee said, adding that the matter was in the evaluation stage.

“We are evaluating on what type of new energies are suitable for us and where we can make money. It is not a matter of just being involved in RE, or for the sake of following others who are already involved.

…

 

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Posted by Wata

Petronas reforms bearing fruit

November 11, 2017

Like..  an increase in the fraction of expats in industry? A decrease? A pushing out of small, local rotiwinner companies?

Dateline 2017-09-25, NST:

THE transformation measures put in place two years ago when the oil and gas industry took a downturn are beginning to show results for Petroliam Nasional Bhd (Petronas).

The national oil company has posted stronger cash position, low gearing and good credit ratings while reducing expenditure by five per cent.

More importantly, Petronas’ net profit more than doubled to RM17.3 billion in the first half of this year from RM6.4 billion a year ago.

This was on the back of RM108 billion revenue compared with RM94 billion in the same period last year.

…

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HERE’S WHY MALAYSIA’S FUEL PRICES KEEP GOING UP, EVEN WHEN THE WORLD’S OIL PRICES GO DOWN.

November 10, 2017

Take this with a pinch of chilli. Though, the article is articulate, and well written.

Dateline 2017-09-21, Cilisos:

While yesterday it had been announced that fuel prices will be dropping 2-4 cents this week, the gomen have been announcing a rise in fuel prices weekly since April. It doesn’t matter whether it’s RON95, RON 97 or diesel, they all went up. It would seem that until yesterday, for the past 10 weeks the prices of RON95 and RON97 made like Taio Cruz and kept going higher, higher, higher off the ground.

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RM6b Petronas deals unlikely to be catalysts for oil & gas sector: AmBank Research

November 9, 2017

Pop quiz: what catalysts do you know?

Dateline 2017-09-18, The Sun:

AmBank Research is of view that a reported RM6 billion maintenance, construction and modification (MCM) contracts rollout by Petroliam Nasional Bhd (Petronas) is unlikely to work as a catalyst for the oil and gas sector, maintaining the sector’s neutral call.

It was previously reported that, Petronas has conducted a pre-award meeting for the delayed contracts which were expected out in the second quarter of the year.

“Petronas’ recent focus on reshuffling its upstream portfolio amid a review of its capital and operating expenditure against the backdrop of a lower crude oil price environment has negatively impacted the local services sector. It is uncertain whether Petronas would split the MCM jobs into six packages for a 5-year duration as earlier envisaged,” AmBank said.

Essentially, these new contracts, which are a relief for the sector, are to replace the existing service jobs currently held by the incumbents. These could offer a respite for vessel utilisation rates. However, in terms of value accretion, we do not expect any significant increase in day rates, given the currently depressed offshore market,” it added.

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Diving – Manado 2017-09 Pt 1

November 8, 2017

What I like about this dive site is, it’s in the bay of the Manado, about 40m from a shoreside road.

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Petrosains’ ‘little plans for the big planet’

November 7, 2017

Support the movement to get PETRONAS into renewal energy sources, and inventing a perpetual motion machine at the same time.

Dateline 2017-09-17, NST:

THE sustainable lifestyle movement stems from the actions of the public and requires continuous advocacy by the scientific and education communities.

In championing and encouraging a sustainable lifestyle in Malaysia, the Petrosains Science Festival Kuala Lumpur is back for the fourth year since its inception in 2013 with the theme “Sustainable Living” and tagline “Little Plans for the Big Planet”.

Petrosains Sdn Bhd chief executive officer Tengku Nasariah Tengku Syed Ibrahim said science, like music, was a part of culture and had vast applications in life, especially in protecting the Earth, which would be inherited by the younger generations.

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Petronas denies plans to lay off 5,000 employees in 2018

November 6, 2017

Sooo. how many again?

Dateline 2017-09-17, Borneo Post:

Petronas today denied an allegation made by a blogger saying that it planned to terminate 5,000 employees next year in what was claimed as another round of a “staff reduction” exercise, group-wide.

In a statement, the national oil giant company said it “categorically denied” the allegation made by blogger Syed Akbar Ali on his “OutSyed the Box” site.

It added that the group’s business review exercise, conducted last year, had affected 2,300 jobs as previously announced and there was currently no plan to undertake another exercise of that scale.

…

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Saturday Star 2017-11-04 – Job Opportunities

November 6, 2017

Happy visit Dumai 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 1Q2018. Send me your POs.

Food choice of the week? Support your local mee bandung.

Thinking about the zombie apocalypse, you need something to jumpstart access to those dodgy Internet sites:

The Knowledge: How to Rebuild Civilization in the Aftermath of a Cataclysm

.

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Nuclear Techniques in Achieving SDGs: IAEA and Malaysia Host Seminar

November 5, 2017

Dateline 2017-10-13, IAEA:

More than 200 participants took a hard look at nuclear science and technology and how it could help them achieve their development objectives during the IAEA’s first ever national roundtable seminar on the United Nations Sustainable Development Goals (SDGs). Held in Malaysia last month, the event involved officials from government, academia and non-governmental organizations and focused on several areas, including nuclear techniques for water resources and environment conservation and nuclear technology for the promotion of sustainable agriculture.

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Malaysia on target to become regional oil and gas hub: MPRC

November 4, 2017

Can I be the asylum keeper?

Dateline 2017-09-11, NST:

Malaysia is set to become the oil and gas hub by year 2020 and is well on target towards becoming a regional hub within three years.

Malaysian Petroleum Resources Corporation (MPRC) said the country, deemed as one of the fastest growing economies in the Asia Pacific region and home to market-oriented economy and pro-business government policies, is also aims to ensure its local players to become regional players in the sector.

MPRC chief executive officer Datuk Shahrol Halmi said it is important to have Malaysia’s reputation at play to become a hub, and not just beating the drum claiming to be one.

“We also have strategies to ensure that we get there, and working hard to make sure it happens.

“It is crucial to attract the multinational companies (MNCs) to come to Malaysia and ensure that they make Malaysia as a regional base for the region.

“A hub is not just a hub. It brings other benefits to the Malaysian economy such as technology transfers, job opportunities and high-paying jobs as well,” Shahrol said in an exclusive interview with NST Business recently.

…

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