Who says that there is no interest in investing in the O&G market? I’ve got RM13.45 to spare, if I skip a KFC Jimat Box lunch.
Dateline 2017-06-02, FMT:
Two men were charged in the Ampang Magistrate’s Court here today with falsely inducing a teacher into handing over cheques amounting to RM350,000 for investments in oil and gas.
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Has Hibiscus Petroleum put job notices out yet?
Dateline 2017-05-31, PNGIndustryNews:
HIBISCUS Petroleum has been given approval to buy a 50% stake in their joint-venture North Sabah enhanced oil recovery, offshore east Malaysia, from Shell.
The Malaysian company is now reviewing the conditions imposed by Petronas, which it has not disclosed.Petronas is Shell’s partner in the North Sabah production sharing contract, which is one of the biggest enhanced oil recovery developments in the world.Hibiscus would become the operator of the production sharing contract and under the joint operating agreement if the sale is completed.…
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Oil & Gas Engineers never forget.
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My technical division will be hosting a half day seminar on the 5th August, 2017. It is worth 3 CPD points, and held at Wisma IEM. The course will be presented by Professor R. C. T. Lee.
In this seminar, we shall first emphasize the importance of industry to economy of a nation. We will then point out that Taiwan is facing tough challenging from China and we must upgrade our industry to the “precision industry”. By precision industry, we mean products in such an industry are of high specification. In other words, ordinary turn key industries will not survive in Taiwan at all. But, to reach the sophisticated state, we must build a solid foundation on basic industrial technologies. These technologies include mixing and dispersing, separation and purification, machine design, electronic circuit design, material science, grinding technology, soldering technology, software, control and so on. We will present many cases to show how these basic industrial technologies help us produce industrial products with high added values.
Professor R. C. T. Lee obtained his B. S. degree in electrical engineering from the National Taiwan University in 1961, M. S, degree in electrical engineering from University of California at Berkeley in 1963 and Ph.D. degree in electrical engineering and computer science, also from U. C. Berkeley in 1967. He worked in National Institutes of Health and Naval Research Laboratory in U.S.A. from 1967 to 1975. He returned to Taiwan in 1975 and was appointed a professor in the National Tsing Hua University. Later, he was the President of Providence University as well as the President of National Chi-nan University. Professor Lee formally retired in 2007. Then he served as a senior adviser of the President for seven years. He managed to persuade the Taiwanese government to pay attention to the basic industrial technologies, founded the Taiwan Society for Precision Engineering in 2014 and served as the chairman of the society for two years.
Leave a Comment » | Chemical, engineering, Malaysia | Tagged: CETD, IEM, RCT Lee | Permalink
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Dateline 2017-05-09, Borneo Post:
Oil & gas companies can help promote the use of natural gas, together with renewable energy as the cleaner fuel option to sustain economic growth, Prime Minister Datuk Seri Najib Tun Razak said.
He said now is the right time to encourage the adoption of natural gas in new markets as prices have become attractive, aided by the right investment in infrastructure.
“I am hopeful that companies and governments can form ‘smart’ partnerships to unlock the full potential of natural gas as a viable option, which makes both commercial and environmental sense.
“It is important that we see these two motives as supporting one another, not being in opposition,” he said in his keynote address at the 19th Asia Oil and Gas Conference yesterday.
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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.
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.
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I was privileged to be a judge as this event. Will you be entering next year?
Leave a Comment » | engineering, Malaysia | Tagged: CETD, design competition, IEM, IEM Chemical Engineering Design Competition | Permalink
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Dateline 2017-05-25, AOG:
Octanex says the NAGA 2 self-elevating mobile offshore drilling unit is ready for mobilization to the Ophir oil field offshore Malaysia.
The jackup started demobilizing from its previous drilling location and will shortly start its tow to the Ophir field where it is expected to arrive on 27 May 2017 for a three-well drilling campaign.
The three planned horizontal production wells target stacked oil reservoirs in a four-way dip closed structure previously discovered and tested by the discovery well, Ophir-1 and four additional appraisal wells, defined with 3D seismic data acquired in 2011, and supported by productive wells located in adjacent fields.
The Ophir oil field, off Peninsular Malaysia at some 70m water depth, is being developed via three production wells, a well head platform (WHP) and floating production storage and offload (FPSO) vessel.
The field is being developed under a risk service contract (RSC) granted in 2014 to OPSB, a joint venture company in which Octanex has a 50% interest.
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Dateline 2017-05-25, Asia Times:
Oil and gas wealth drove Malaysia’s go-go modernization during the 1980s and 1990s, with state oil firm Petronas emerging as one of Asia’s most profitable companies. That success was reflected its shiny iconic twin towers, once the world’s tallest, in downtown Kuala Lumpur.
But after more than two years of stubbornly low global oil prices, with prices falling from a per barrel high of US$145 in 2008 to a low of US$26 in 2016, Petronas is struggling to maintain its prominence as one of the world’s largest exporters of liquefied natural gas (LNG).
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And a follow on from a previous article. And MOGSC gets pulled in.
Dateline 2017-05-25, FMT:
There is no oil in Penang waters, an exco man told the state assembly today, following a DAP rep’s suggestion to halt reclamation and rely on possible oil reserves in the state’s waters for revenue.
Chow Kon Yeow (DAP-Padang Kota) said based on data from a petroleum industry study, there was no oil discovered in the waters of Penang.
Pointing out to an “Oil & Gas Map – Malaysia”, released during a petroleum industry convention in Kuala Lumpur in 2009, he said most of the oil was discovered on the east coast of Malaysia.
“Based on the National Oil and Gas Industries Body 2009 report published by the Malaysian Oil and Gas Services Council, there is no oil in Penang waters,” Chow said in winding up his debate of thanks to the governor’s address today.
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Wata - Malaysian Oil and Gas Engineer 