What is the expenditure of sweat and blood without the potential of reward? Congratulations, all!
IEM – Junior ChemECar 2017 Edition (Awards)
December 13, 2017
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Brighter prospects ahead for the oil and gas sector
December 12, 2017I have been reliably informed that SOGEC is not related to MOGEC, or MOGSC. Lesson learnt: go register trademarks before someone beats you to the punch.
Dateline 2017-10-28, NST:
The government has done much to ensure people in the four oil and gas producing states in Malaysia are actively involved in the sector.
Sabah Oil and Gas Services Council vice chairman Datuk Albert Boyou said a review of the royalty would do no harm but there is more that can be tapped from the industry.
In Sabah Chief Minister Tan Sri Musa Aman has been instrumental in pushing for greater participation in the oil and gas sector through Petronas as well as provide opportunities for more people in the state, he said.
“Previously this was hardly the case and opportunities in the sector were hard to come by,” he said adding this was evident with the development of the many major projects that came since Musa took office in 2003.
Key developments in the state include Sabah Oil and Gas Industrial Park (SOGIP) which has attracted RM11 billion in investments, Sabah Oil and Gas Terminal (SOGT) in Kimanis as well as the 500km Sabah, Sarawak Gas Pipeline (SSGP) that links Bintulu, Sarawak.
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Leave a Comment » | Malaysia, Malaysian election, oil and gas | Tagged: Albert Boyou, Musa Aman, SOGEC, SOGIP, SOGT, SSGP | Permalink
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Saturday Star 2017-12-09 – Job Opportunities
December 11, 2017Happy stil on vacation 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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MPRC positive Malaysia to become OGSE hub
December 10, 2017Dateline 2017-10-27, NST:
Despite tabling a fiscally prudent budget, the Government continues to prioritise and invest in critical capacity building initiatives for various industries.
With global oil and gas development activities expected to increase, following a couple of years of reduction spending, the export push set forth by the Government augurs well for the oil and gas services and equipment (OGSE) companies intending to capitalise on the pick-up in investment cycle.
With this, the Malaysia Petroleum Resources Corporation (MPRC) further said combined with a continuous push to attract OGSE multinational companies to establish Malaysia as their gateway to the region, the country is well on its way to becoming the number one hub in Asia Pacific for OGSE.
OGSE has a key role to play in the push towards becoming a high-income status nation.
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Malaysia’s Yinson Holdings In Talks To Buy TH Heavy Engineering’s FPSO
December 9, 2017Come on, Sabah International Petroleum. Where you at?
Dateline 2017-10-27, Nikkei Asian Review:
Malaysian oil and gas services company Yinson Holdings is in “exploratory talks” with TH Heavy Engineering to buy the company’s floating production storage and offloading unit, its chief executive said Friday.
The talks come as Yinson looks at opportunities to invest in “distressed” oil and gas companies, Lim Chern Yuan told Nikkei Markets. There could be other deals in the pipeline, he said.
The company “sits on about 600 million ringgit ($141.49 million) in cash” to back potential acquisitions, and will not “have a problem raising capital” should the need arise, Lim said.
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IEM Shout Out – 2017-12 OGMTD 27st AGM
December 8, 2017| Venue: | Wisma IEM, 01- Auditorium Tan Sri Prof. Chin Fung Kee, Third Floor |
| Date & Time: | 16 Dec 2017 (11:01 AM – 1:00 PM) |
| CPD/PDP: | 2 |
| Closing Date Before: | 13-Dec-2017 |
| Notice is hereby given that the 27th Annual General Meeting of the Oil, Gas and Mining Technical Division, IEM will be held on 16 December 2017 (Saturday) at 11.00 am, at the Tan Sri Prof. Chin Fung Kee Auditorium, 3rd Floor, Wisma IEM, Petaling Jaya, Selangor.
AGENDA 1. Opening Address by the Chairman of Session 2016/2017. Your presence will contribute to the success of this meeting. Thank you. Ir. Mohd Azwira Mohd Azmi |
The flyer for the above event is available here. Flyers for other events may be obtained here. A map to Wisma IEM is presented here.
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Analysts: No major changes from Petronas’ cautious approach
December 7, 2017In other words: those with connections, are embiggened, those without, change a few letters.
Dateline 2017-10-24, Borneo Post:
Analysts expect no significant changes from Petroliam Nasional Bhd’s (Petronas) cautious approach to upstream exploration and development expenditures .
According to AmInvestment Bank Bhd (AmInvestment Bank), persistently low asset utilisation levels are anticipated for the medium term in the oil and gas sector as the research firm did not expect any significant change in Petronas’ cautious approach to upstream exploration and development expenditures.
AmInvestment Bank noted that for the second quarter of 2017 (2Q17) to date, contract awards have risen by 15 per cent quarter on quarter (q-o-q) RM2.2 billion largely due to the lumpy award of the RM1 billion Bokor central processing platform project to Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE).
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IEM – Junior ChemECar 2017 Edition
December 6, 2017The event was held in conjunction with the KLESF 2017. The crowds and cheering at the awards ceremony was oowsoom (yes, wrong spelling, see if an AI can figure out the correct spelling.). Where were you, and did you purchase your tickets for next year?
Leave a Comment » | Malaysia | Tagged: CETD, ChemECar, IEM, KLESF | Permalink
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PIPC to garner RM8.3 billion income by 2020
December 5, 2017So… where does 1MDB fit into this? Note that these are investments, not projected profit, so in theory, much easier to (ahem) integrate the funds into strategic investments to sustain interest by unnamed persons of interest.
Dateline 2017-10-24, NST:
Investments in the Pengerang Integrated Petroleum Complex (PIPC) are expected to generate RM8.3 billion to the country’s Gross National Income (GNI) by 2020.
Prime Minister Datuk Seri Najib Razak said of the amount, the Petronas’s Pengerang Integrated Complex (PIC) would be the biggest contributor in the oil and gas hub.“PIPC is a strategically important project for the government. PIC, which I consider as the heart of the PIPC, will play a role to encourage new growth under the country’s Economic Transformation Programme.
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PETRONAS Activity Outlook 2018-2020
December 4, 2017It’s here, folks. Get your copy while it’s hot.
1 Comment | Malaysia | Tagged: Activity Outlook 2018-2020, Petronas | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 