Saturday Star 2017-07-15 – Job Opportunities

July 17, 2017

Eid Mubarak. 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. Either that, or the electronic version of The Star doesn’t have all the content of the dead tree version. 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 4Q2017. Send me your POs.

Food choice of the week? Iftar, of course.

Book choice of this week, Chemical Engineering Process Simulation, authors are Nishanth Chemmangattuvalappil Denny Ng Kok Sum Rafil Elyas Cheng-Liang ChenI,Lung Chien Hao-Yeh Lee. I intend to get a signed first edition, and place it in my Charles Dickens first edition cabinet.

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

Is There a Relationship Between the Malaysian Ringgit & Crude Oil Prices?

July 16, 2017

Linkbait. Read according to your blood pressure.

Dateline 2017-06-02, CommodityTradeMantra:

Is There a Relationship Between the Malaysian Ringgit & Crude Oil Prices?

The notion of intermarket relationships is nothing new, as there remain inextricable links between various sectors within the financial marketplace. Take the relationship between stocks and commodities, for example, which is usually defined by an inverse correlation that sees one asset rise while the other declines in value.

The same principle cannot be applied in advanced industrial economies, however, as these nations are largely commodity-based and reliant on natural resources for their growth. In the case of Malaysia, for example, crude oil remains a prominent export and a lucrative commodity, and in this instance the value of stocks is likely to progress along a similar trajectory to commodities.

…

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

Malaysia’s Petronas cautious on 2017 even as quarterly profit doubles

July 15, 2017

Dateline 2017-06-02, Reuters:

Malaysia’s Petroliam Nasional Bhd said on Friday quarterly profit more than doubled
from a year ago, helped by higher margins and a recovery in oil prices, but the state-owned energy firm maintained a cautious outlook for the rest of the year.
First-quarter profit at Petronas [PETR.UL], as the company is known, totalled 10.3 billion ringgit ($2.41 billion),
compared with 4.6 billion ringgit in the corresponding quarter last year.
Revenue for the quarter ending in March rose 25 percent from a year ago to 61.6 billion ringgit.
“The group continues to maintain a conservative outlook for the remainder of 2017 despite the positive results as supply and demand balances are still slow to return to a sustained equilibrium,” Petronas said in a statement, adding it will keep its focus on cost cuts and improving efficiency.

…

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Petronas Q1 pre-tax profit surges to RM15.5 billion

July 14, 2017

They don’t mention that this was helped by all suppliers having a price race to the bottom. We need to fix prices, perhaps get them into the scale of fees in the Registration of Engineers Act.

Dateline 2017-06-02, FMT:

Petroliam Nasional Bhd’s (Petronas) pre-tax profit for the first quarter ending March 31, 2017, surged more than 100% to RM15.5 billion from RM6.8 billion in the same period last year.

The national oil company said higher earnings for the quarter were primarily driven by higher oil prices and improved margins from upstream and downstream businesses, in tandem with its ongoing transformation efforts that have resulted in heightened cost optimisation and efficiency improvements across its value chain.

Stronger pre-tax profit for the quarter was also mainly due to higher revenue, which benefitted from higher average realised prices and lower net impairment on assets, partially offset by higher taxation, amortisation of oil and gas properties and product costs, it said in a statement today.

…

 

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IEM Shout Out – 2017-07 One-Day Course on One Day Transforming Presentation Skills Workshop for Engineers Using NLP

July 13, 2017

My technical division will be hosting a 1 day  course on the 27th July, 2017. It is worth 7 CPD points, and held at Wisma IEM. The course will be presented by Ir. Elias Musa.

This one day workshop will prepare you to communicate effectively and persuasively and be comfortable with your own style. Develop key presentation skill and learn how to present your ideas with conviction, control, and poise and without fear. Learn how to deliver with energy and keep the audience engaged. Best of all, you’ll gain confidence by making presentations.

Ir. Elias Musa earned a Bachelor of Engineering degree in Chemical Engineering in 1977 with Master Science and MBA, and has over 30 years of experience in plant /facilities project development in Oil & Gas Industry, including offshore and onshore production facilities, pipeline and gas processing plant GPP and LNG in Malaysia and Overseas. He has worked for clients as well as International design consultants. He is a certified Master Practitioner of NLP.

Register here, or download the form here.

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IEM Shout Out – 2017-08 One-Day Course on “The Design of Oil & Gas Fixed Offshore Structure”

July 12, 2017

Structural engineers, please attend.

My technical division will be hosting a 1 day  course on the 12th August, 2017. It is worth 6 CPD points, and held at Wisma IEM. The course will be presented by Assoc. Professor Dr Venkatesh Rajagopalan (Venkat)

The first offshore structure was built to extract oil in the 1930s. Since then, there are now more than 1000 offshore structures worldwide, extracting oil & gas under the ground to meet the world demands.  This one-day course will provide the audience with the basic principles in designing these fixed offshore structures.  It will be presented in a way that is comprehensible to the engineers who are with or without the oil and gas background.
The course will try to address some of the engineering issues that have to be considered when designing an offshore structure. Some of these issues are listed below:
– The environmental loads (such as wave and wind) and accidental loads (such as blast and fire) that the structure has to face throughout its design life.
– How the structure will be fabricated, transported and then installed at its offshore location.
– Technical requirements from the contemporary design codes and third-party certifications.
– The types of analysis that need to be carried out to ensure the structure can meet the above challenges.

Assoc. Professor Dr Venkatesh Rajagopalan (Venkat) graduated from Annamalai University, India with a degree in Structural Engineering in 1989.  He then obtained a post graduate degree in Engineering Management and Post-Doctoral in Structural Engineering from Nanyang Technological University, Singapore. He has more than 26 years of working experience in various roles.

He is currently a Senior Principal Structural Engineer at McDermott Malaysia. He has presented talks at various symposiums in India, Singapore and Australia on Design on Offshore structural related topics.

Register here, or download the form here.

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Posted by Wata

IEM Shout Out – 2017-07 Talk On A Comparative Study: Offshore Facilities Load Out Methodology

July 11, 2017

aMy technical division will be hosting a talk on the 25th July, 2017. It is worth 2 CPD points (why is it shown as 0 on the web page?), and held at Wisma IEM. The course will be presented by Ir. Hj. Ahmad Khairiri.

The presentation will share the author’s experience in load out activities and its’ various methodologies. Load-out is the process of transferring offshore structure from fabrication yard onto the transportation barge/vessel and the process of structure’s sea fastening prior to sail away. The load-out process generates load-out forces on the structure as it moves from the fabrication yard to the barge.  Most often, these activities are performed at the fabrication yard which is located near the sea area.

Ir. Hj. Ahmad Khairiri is a Chartered Engineer, a Fellow to the Institution of Mechanical Engineers, United Kingdom, and a Professional Engineer with the Board of Engineers Malaysia. Currently, he is with Global Project Delivery, Project Delivery & Technology Division of PETRONAS. Responsible in ensuring the governance of onshore construction and fabrication work. Recently completed task include the load-out activities of F12, Angsi-Besar and Bardegg jackets and topsides. Previously, he was responsible to ensure the successful completion of the offshore installation hook up work for PETRONAS first floating LNG, PFLNG SATU Project. He was with PETRONAS Carigali Sdn Bhd, OGP Technical Services Sdn Bhd and PETRONAS Gas Bhd involving in various project locally and globally.

Register here and download the brochure here.

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

Saturday Star 2017-07-08 – Job Opportunities

July 10, 2017

Eid Mubarak. 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. Either that, or the electronic version of The Star doesn’t have all the content of the dead tree version. 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 4Q2017. Send me your POs.

Food choice of the week? Iftar, of course.

Book choice of this week, Chemical Engineering Process Simulation, authors are Nishanth Chemmangattuvalappil Denny Ng Kok Sum Rafil Elyas Cheng-Liang ChenI,Lung Chien Hao-Yeh Lee. I intend to get a signed first edition, and place it in my Charles Dickens first edition cabinet.

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

Anniversary – Seveso Disaster

July 10, 2017

Process Safety Engineers never forget.

Leave a Comment » | Chemical | Permalink
Posted by Wata

Petronas to invite K5 bids

July 9, 2017

Dateline 2017-06-01, Upstream Online:

Asian offshore builders are standing by to receive an invitation to bid for a mobile offshore production unit bound for the shallow-water K5 sour gas field off Sarawak, Malaysia, writes Russell Searancke.

Initial production will be about 250 million cubic feet per day of gas, which will be sent by subsea pipeline to the ninth train at Petronas’ liquefied natural gas complex in nearby Bintulu.

The field operator Petronas earlier this year conducted a type of pre-qualification exercise which attracted the interest of many offshore builders in Asia.

Yards from Malaysia, Thailand, China and South Korea are understood to have expressed an interest to Petronas in pursuing the engineering, procurement, construction, installation and commissioning contract.

…

 

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

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