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Tenggol 2017-07
August 27, 2017
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diving | Tagged: tenggol | 
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Posted by Wata
Petronas divests interest in Bintulu’s LNG 9
August 26, 2017Dateline 2017-07-28, Borneo Post:
Petronas has signed an agreement with PTTGL Investment Ltd (PTTGLI) for PTTGLI’s equity participation of a 10 per cent equity interest in Petronas LNG 9 Sdn Bhd (PL9SB) in Bintulu.
PL9SB, a subsidiary of Petronas, owns the ninth LNG liquefaction train (Train 9) in the Petronas LNG Complex in Bintulu, Sarawak.
PTTGLI is a subsidiary of PTT Global LNG Company Ltd (PTTGL) which is a 50:50 joint venture company between PTT Public Company Ltd (PTT), Thailand’s state-owned oil and gas company, and PTT Exploration and Production Public Company Ltd (PTTEP).
With a production capacity of 3.6 million tonnes per annum (mpta), Train 9 started its commercial operations in quarter one of this year, boosting the total output capacity of the Petronas LNG Complex to 30 mtpa.
Following PTTGLI’s 10 per cent participation, Petronas now owns 80 per cent share in PL9SB, while the remaining 10 per cent is owned by JXTG Nippon Oil & Energy Corporation through its subsidiary, Nippon Oil Finance (Netherlands) BV.
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Leave a Comment » | Malaysia, oil and gas | Tagged: LNG9, Petronas, PTT, PTTGL, PTTGLI | Permalink
Posted by Wata
SapuraEnergy: B15 offshore field on track for first gas in 4Q 2017
August 25, 2017Dateline 2017-07-27, Upstreamonline:
Malaysia’s Sapura Energy, formerly known as Sapura Kencana, is working towards bringing online its offshore gas field in East Malaysia.
The company on Monday said the SK 310 B15 field development was on track, with first gas expected in the fourth quarter of 2017, in line with its previous statements.
SapuraKencana’s subsidiary, SapuraKencana Energy Sarawak (SKE), is the operator of Block SK310 PSC which was awarded by Petronas on June 17, 2008.
SapuraEnergy is the operator of the SK310 PSC with a 30% participating interest and partners Petronas Carigali with 40% and Diamond Energy Sarawak, a subsidiary of Mitsubishi Corporation with 30%.
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Leave a Comment » | Malaysia, oil and gas | Tagged: B15, Sapura Energy, SK310, SKE | Permalink
Posted by Wata
Another (Business) Malaysian oil and gas casualty
August 24, 2017What turndown, isn’t this the new norm?
Dateline 2017-07-21, The Star:
Nam Cheong Group Bhd is the latest company that is unable to service its debts due to the prolonged downturn in the oil and gas (O&G) industry.
The company, which is based in Sarawak and listed in Singapore, had outstanding debts of some RM1.84bil as of its latest reported first quarter ended March 31.
It said in a filing with the Singapore Stock Exchange that it would temporarily cease repayments on all its borrowings, pending a restructuring of its debts.
Thus, Nam Cheong said it would not be making a payment of the next coupon for its bonds due on July 23, 2017 with respect to the Series 004 Notes.
“We will be in communication with the trustee of the notes on this issue,” Nam Cheong said.
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Posted by Wata
Thailand’s PTT considers taking stake in Malaysia gas facility
August 24, 2017Dateline 2017-07-20, The Star:
Thailand’s state-owned oil and gas giant PTT Plc is considering taking a stake in a natural gas liquefaction plant to be built in Malaysia, a company spokesman said on Thursday.
The PTT board will on Friday consider the project, to be built with Malaysia’s Petronas, making a decision on the size of any potential stake, the spokesman added.
That came after the Bangkok Post on Wednesday cited Wirat Uanarumit, chief operating officer of PTT’s upstream petroleum and gas business, as saying that the company was looking to hold a 10% stake in the new facility.
Petronas did not immediately respond to a request for comment from Reuters.
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Posted by Wata
IEM Shout Out – 2017-11 Two Day Course on Integrating Operational Perspective for Cohesive Design of Plant And Building Facilities
August 23, 2017My technical division will be hosting a 2 day course on the 25th and 26th October 2017. It is worth 6.5 CPD points, and held at Wisma IEM. The course will be presented by Ir. Danaraj Chandrasegaran and Ir. Al-Khairi Mohd Daud.
Systematic approaches are elaborated in this course during early design phase to create better solutions and reducing modification works throughout the facilities life. This two-day course is designed to help you develop skills that will enhance your engineering delivery to your project and improving the human part of it.
As a great deal of class time will be spent in a variety of interactive formats, active participation is essential
Ir. Danaraj Chandrasegaran P.Eng MIEM CEng MIMechE. He is a Chartered Engineer and has honours degree in Mechanical Engineering from University of Technology Malaysia. He also holds a MEng degree in Mechanical Engineering from University of Malaya. He also presently a committee member with The Institution of Engineers Malaysia and Institution of Mechanical Engineers (UK) Malaysia Chapter.
Since starting his career as a Mechanical Engineer, Ir. Danaraj has had a varied service; both in front line project execution as well as in technical, training, and management functions. His career has a diverse outlook on project execution ranging from building construction, marine, mining and energy industry; as a mechanical engineer. He has worked on several large-scale projects worldwide such as Shell Malikai TLP and Barzan Offshore Project. In addition, had delivered many projects successfully collaborating with vendors and subcontractors alike.
Ir. Al-Khairi Mohd Daud P.Eng, PEM, C Eng, CPSI, MIEM, MMEPA, MMSQH, REEM has nearly 25 years of engineering experience in both project and maintenance of various plants and facilities such as Liquefied Natural Gas (LNG) plants, petrochemical and oleo chemical plants, manufacturing, high end R&D and medical centre facilities. Amongst his accomplishment was the development, testing & commissioning and operation of InventQjaya Sdn Bhd, an advance research facilities in Cyberjaya and Prince Court Medical Centre Sdn Bhd (PCMC) a 300-bed hospital owned by PETRONAS. Due to this experience, Ir Al-Khairi has been appointed as certified surveyor and trainer with Malaysian Society for Quality in Health (MSQH). He has contributed to the drafting of MSQH standard 5th Edition 2016. He is also being appointed to Medical Device Authority (MDA) competencies expert panels, authorized engineer and trainer on Medical Gas Piping System (MGPS). In energy efficiency, Ir Al-Khairi is the country expert for ASEAN Energy Management Accreditation Scheme (AEMAS) where he is the chief assessor and trainer for the program. He is also a Certified Playground Safety Inspector (CPSI) with NRPA, USA.
Ir Al-Khairi is a member with Institute of Asset Management, UK. He is the past Chairman for Oil, Gas & Mining Technical Division and a member of Building Services Technical Division for the Institution of Engineers Malaysia (IEM). He is the Chief Consultant for Faqeh Management, a company that he formed to provide asset, facilities and energy management. He has conducted various facilities and energy audit for airports, offices buildings, healthcare facilities, manufacturing, process plants. He is also involved as data center planner and assessors.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: al-Khairi, danaraj chandrasegaran, IEM, OGMTD | Permalink
Posted by Wata
Gas Malaysia raises natural gas prices
August 22, 2017Dateline 2017-07-14, The Star:
Gas Malaysia Bhd has revised up the natural gas tariff for Peninsular Malaysia’s non-power sector to an average base tariff of RM28.05 per MMBtu (one million British thermal units).
However, a government subsidy will lead to lower effective tariff rates for all tariff categories for the period from July 1 to Dec 31, 2017, compared with the existing rates.
In a filing with Bursa Malaysia, the gas distributor said the Government, through the Energy Commission, had approved on Friday for Gas Malaysia to effect the revision for the six-month period.
The Government has prescribed the incentive based regulation (IBR) framework, which sets the base tariffs for a period of three years from January 2017 and allows changes in the gas costs to be passed through via the Gas Cost Pass Through (GCPT) mechanism every six months.
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Leave a Comment » | Malaysia | Tagged: Gas Malaysia, Gas Malaysia Berhad | Permalink
Posted by Wata
Saturday Star 2017-08-19 – Job Opportunities
August 21, 2017Happy APCChE bidding 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 4Q2017. Send me your POs.
Food choice of the week? Mango Shake at Masjid an-Naim, Sura Jetty, Dungun.
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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Posted by Wata
What happens to petrol stations when oil prices go down
August 20, 2017Dateline 2017-07-13, FMT:
Petrol businesses operate at a loss whenever oil prices go down, with some of them forced to shut down as they are unable to cope with the fluctuating prices every week.
The Petrol Dealers Association of Malaysia (PDAM) said since the implementation of the monthly fuel pricing mechanism in December 2014, petrol station operators have found it difficult to finish off their oil stocks.
PDAM president Khairul Annuar said since 2014, between 30 and 40 petrol stations had been forced to cease operations due to their inability to cope with the losses.
“And now there’s a new weekly pricing mechanism. As a result, petrol station operators are feeling the pinch really badly,” he told FMT.
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Leave a Comment » | Malaysia | Tagged: Khairul Annuar, PDAM | Permalink
Posted by Wata
Malaysia’s oil and gas industry on the road to recovery
August 19, 2017Will you be driving down the road, or be decorative roadkill?
Dateline 2017-07-12, The Star:
There is optimism that the nation’s oil and gas industry is on the road to recovery, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.
“If 2016 was the ‘year of tough decisions’ for the oil and gas industry, then 2017 could well be the year for the road to recovery,” he said when launching the 16th Oil and Gas Asia 2017 Exhibition.
He cited the examples of the Organisation of Petroleum Exporting Countries’ market forecast and recent survey by Reuters that Brent crude oil could average US$58.20 (RM250.12) per barrel this year as examples of positive signs for the industry.
“The interim Q4 (fourth quarter) and FY (financial year) of Malaysia’s state giant Petronas noted a 12% year-on-year growth in profit after tax despite revenues that were some 17% lower,” he said.
He added that Petronas had taken measures to reduce capital investment by 22% while cutting “controllable costs” by 8% last year.
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Leave a Comment » | Malaysia, oil and gas | Tagged: Ahmad Zahid Hamidi | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 