Ir. Abdul Razak Yakob presented a talk on Field Development Plans (FDP)at IGL offices. Friends and associates were invited to turn up. A whole from East101 was there.
Where you at?
IGL – Directors’ Presentation Series 2017-03 – FDP
May 10, 2017
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engineering, Malaysia, training | Tagged: IGL, razak yakob | 
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Posted by Wata
Aramco JV was well thought out, says Petronas
May 9, 2017Dateline 2017-04-27, Malay Mail:
The joint venture with Aramco for the Refinery and Petrochemical Integrated Development (RAPID) was not done overnight but had been looked at since 2014, said Petronas group executive vice-president Md Arif Mahmood.
Arif said the Malaysian unit was “never forced into the joint venture” and had always been eyeing a partner like Aramco.
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Right time for oil and gas players to consolidate: MPRC
May 9, 2017Ws that the best picture they could get of Syed Azlan?
Dateline 2017-04-27, NST:
WITH crude oil prices at a relatively plateau level, the time is right for oil and gas players to collaborate or consolidate, said Malaysia Petroleum Resources Corp (MPRC) senior vice-president Syed Azlan Syed Ibrahim.
“Although we foresee 2017 will not be far off than 2016, I do not think it will be worse. This is the opportunity for players to make the hard decision to restructure or reform. That time is now.
“They need to do it now so that when the market goes back up they will be ready,” he said after the MPRC business seminar, here, on Friday.
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Saturday Star 2017-05-06 – Job Opportunities
May 8, 2017Happy Ingress Gaming, ‘Magnus builder and Smurfing the Earth’ 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. 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 3Q2017. Send me your POs.
Food choice of the week? The nostalgic food stall, near your parents home. McD Bangsar Baru does not count.
Seeing that Joe Dever has passed away, 
Flight from the Dark (Lone Wolf, Book 1)
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Petronas says RM200b ‘forgone revenue’ from selling natural gas cheaper in Malaysia
May 7, 2017Dateline 2017-04-25, The Edge:
Petroliam Nasional Bhd (Petronas) has forgone more than RM200 billion in revenue from selling natural gas in Malaysia at rates lower than global prices since the country regulated prices of the fuel after the 1997/1998 Asian financial crisis.
The Edge Malaysia business and investment weekly (Edge Weekly) in its latest March 27 to April 2 issue, quoted Petronas president and group chief executive officer Datuk Wan Zulkiflee Wan Ariffin as saying despite Malaysia revising the price of natural gas upward every six months, the local rate was still below the international price.
“I think the forgone revenue since we started is more than RM200 billion because we have not been able to sell natural gas at market value. In the past, we made investments just to ensure security of supply. But moving forward, there is this perennial issue of non-market pricing.
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Longhouses near gas pipeline given fire safety talk
May 6, 2017How exactly would these talks decrease the risks to the longhouses?
Dateline 2017-04-24, Borneo Post:
Zone 6 of the Fire and Rescue Department (Bomba) and Sabah Sarawak Gas Pipeline (SSGP) recently held a fire safety campaign for longhouses along the gas pipeline in Niah near here.
It was held at Clarence Unjun longhouse and involved fire safety working committees from nearby longhouses – Merudi Jalin longhouse, Robert Antas Gani longhouse, Sabang Empungan longhouse and Ngalantar Senggaling longhouse, including Clarence Unjun longhouse.
The campaign included auditing longhouses close to the SSGP gas pipeline to assess their level of fire safety.
The longhouse residents were taught on the security measures around the gas pipeline by SSGP and given fire safety talk and demonstration on how to use fire extinguishers by Bomba.
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Posted by Wata
Four UMS students awarded Repsol scholarships
May 5, 2017Dateline 2017-04-25, Borneo Post:
Four engineering students from Universiti Malaysia Sabah (UMS) received their scholarship award from Repsol Oil & Gas Malaysia Limited (Repsol ) last Saturday. The scholarship would cover tuition fees, living allowances, purchase of a computer and opportunities for practical training and internships.
The deserving recipients were Nur Izzati bte Sukur (mechanical engineering), Verlon Vincent Lee, Nur Kamaliyah Dzil Razman and Arswitaa Baskaran (all chemical engineering). All except Arswitaa hail from Sabah.
They were among 16 recipients of the Repsol scholarship awards for 2017. The other 12 were drawn from Universiti Teknologi Malaysia (UTM) with 5 recipients, Universiti Malaya (UM) with 3 recipients and Universiti Sains Malaysia (USM) with 4 recipients, pursuing Bachelor’s and Master’s degree programmes.
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Challenges to persist for O&G companies
May 4, 2017Dateline 2017-03-21, NST:
The worst is not over yet for oil and gas (O&G) companies as shale oil producers ramp up production and oil prices make a slow recovery.
Analysts and industry observers expect uncertainty to loom for the rest of the year as industry assumption remained at US$50 (RM221.50) a barrel.
Petroliam Nasional Bhd (Petronas) was more conservative, expecting an average of price of US$45 a barrel.
“We are maintaining our this year’s average Brent crude price at US$50 a barrel as we see more uncertainty with crude oil prices towards the downside bias,” said an analyst at MIDF Research.
Oil prices fell more than one per cent yesterday as investors made record cuts to bet on rising prices after strong drilling data from the United States fed concerns about the effectiveness of production cuts led by Organisation of the Petroleum Exporting Countries (Opec) to curb a supply glut, Reuters reported.
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IEM – Dinner 2017
May 3, 2017
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“People Will Adapt” – Says O&G Industry Expert On Weekly Ceiling Price For Fuel
May 2, 2017Changing colours like a chameleon, much?
Dateline 2017-03-17, MalaysianDigest:
Malaysians are still in the dark about how the new fuel ceiling price will be implemented as the ministry has yet to announce the mechanism for the new system until April comes.
While reactions of several stakeholders towards the announcement has been covered in Malaysian Digest’s feature story, someone within the oil and gas industry shared with us a picture of how it will play out once the system is in place.
Nora, a financial analyst in the oil and gas industry, said that nothing would be particularly different for consumers as they will adapt regardless of what system is implemented.
“I don’t think anyone has that much energy to really monitor the ups and downs every week and how it would translate to cash flow or money availability.
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Wata - Malaysian Oil and Gas Engineer 