Dateline 2017-02-07, Astro Awani:
The recovery of global oil prices is expected to benefit Malaysian economy as it will lead to domino effect across other sectors and commodities.
According to OCBC Bank, the recovery of oil prices will also be the catalyst for Malaysian export dan supporting the ringgit value.
OCBC Economist Wellian Wiranto said the oil price would hover around US$D65 per barrel by the end of 2017, subsequently contributing positively to national coffers.
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Posted by Wata
Dateline 2017-02-04, FMT:
The Sarawak government has been urged to take charge of its oil resources to buffer Sarawakians against the cost of rising fuel prices.
Sarawak United People’s Party (SUPP) Youth publicity secretary Milton Foo proposed a separate tier of oil prices for the state as a “temporary mechanism” to ensure “Sarawakians are treated more fairly” in view of the state’s contribution to the country’s oil production.
Foo said petroleum found in Sarawak should belong “to the people of Sarawak.”
“We deserve a separate tier or system of oil prices from Peninsular Malaysia, which should be at least 20% lower since we have contributed so much to petroleum resources in Malaysia,” he said in a statement today.
Sarawak contributes 47% of Malaysia’s total oil production.
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Dateline 2017-02-03, Daily Express:
A second ammonia plant will be built at the Sipitang Oil and Gas Industrial Park (SOGIP) as part of the oil and gas industry’s development in Sabah this year.
Disclosing this, Deputy Chief Minister-cum-Industrial Development Minister Datuk Seri Raymond Tan said the project will see Sabah venturing into the natural gas downstream industry and would cost more than the existing Sabah Ammonia Urea Project (Samur) in Siptang.
“Sabah is looking into developing the oil and gas industry as another prospective area to be ventured into like engaging in natural gas development instead of selling our ample natural gas without value adding.
“What Samur does is turn the natural gas into solid substance like fertilisers and the project is worth about RM6 billion.
“Hence, for this year, Sabah will be venturing into another project which is a different one because Sabah will have a bigger share in setting up the second ammonia plant with the cost being more than RM6 billion,” he said at a Chinese New Year luncheon, Thursday.
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I was honoured to be the IEM representative for UniKl’s Malaysian Engineering Technology Festival (METFEST) on 10th December, 2016.
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My technical division will be hosting a 2 day course on the 22nd and 23rd March, 2017. It is worth 12 CPD points, and held at Wisma IEM. The course will be presented by Ir. Danaraj Chandrasegaran, PEng, MIEM, CEng and Ms. Ratnavathy Ragunathan.
Learning Outcomes
At the end of the course participants will:
• Acquire better core writing fundamentals
• Learn strategies to help you speak and write more clearly
• Strengthen your public presentation skills
• Write more effective reports and other internal documents
• Use plain language to keep messages accessible
Ir. Danaraj Chandrasegaran, PEng, MIEM, CEng, MIMechE graduated from University Teknologi Malaysia in 2001 with Bachelor of Mechanical Engineering (Hons), subsequently, pursued his Master Degree in University of Malaya. He has published in international journals and conferences in the past. His career has a diverse outlook on project execution ranging from building construction, marine, mining and energy industry; as a mechanical engineer. He is also a Chartered Engineer of Engineering Council UK and Corporate Member of Institution of Mechanical Engineers (UK).
Ms. Ratnavathy Ragunathan graduated with B. Sc. (Computer Sc.) from University Putra Malaysia in 2002 and subsequently obtained M. Ed. (TESL), University of Malaya in 2012. She worked for both the industry and academia focusing on English Language teaching for adults and professionals. Her specialties are on Business English and Communication Skills; also, a Cambridge ESOL Certified Speaking Examiner. She has developed curriculums, written articles and presented papers on English Teaching with a global outlook. Currently, she is engaged with one of the leading English Language Centre in Kuala Lumpur.
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Posted by Wata
Happy Wata IEM VP and Council Candidacy. Vote for me, and spread the word, wilya? 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? I would suggest visiting Cicerello’s, Freemantle. Sponsor my flight and accomodation, so I can go there as well.
Seeing that Joe Dever has passed away, 
Flight from the Dark (Lone Wolf, Book 1)
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Not oil and gas, but an interesting trade to look into.
Dateline 2017-02-02, Borneo Post Online:
Malaysia’s first carbon credit rating company hopes to see other states follow Kelantan’s move after the state has given the company 25 per cent of its land mass for forest preservation and to reduce carbon dioxide (CO2) emissions.
Under the United Nations (UN) collaborative programme – Reducing Environment from Deforestation and Degradation (REDD), Climate Change Protector (CCP) Sdn Bhd was given 396,000 hectares of forest to preserve the flora and fauna of the region.
The company, specialising in renewable and sustainable energy, received the project under UN’s REDD initiative for a 30-year concession period with the Kelantan state government.
CCP chief executive officer Tang Too Siah said the recent memorandum of agreement (MoA) signed on January 9 was the Kelantan state government’s initiative to protect the region from illegal and legal mining activities.
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We categorically deny that this involves any of our companies.
Dateline 2017-02-01, Daily Express:
Police are looking for a manager of an oil and gas company over the death of an employee.
R. Satesh, 27, from Sabak Bernam, Selangor, is being sought for help in the investigations into the death of Indian national Joseph Kishore Gilbert, 42.
Sentul OCPD Asst Comm R. Munusamy said the victim was found in a weakened state at a condominium in Jalan Kasipillay here around 5am on Jan 19.
“His body was covered in bruises and he was taken to hospital but died,” he said at a press conference at the district police headquarters Tuesday.
olice arrested four people, aged 27 to 39, following the death. Two of them were from the oil and gas company and the other two were medical professionals.
ACP Munusamy said police believe the victim was beaten up at the company office, which was located in the same condominium, shortly before he was found.
“We are still waiting for the post-mortem report but the 51 bruises all over his body pointed to the victim being beaten with a thick cable wire.
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Dateline 2017-02-01, NST:
The bottoming out of oil prices will give impetus to the consolidation of upstream oil and gas (O&G) service providers in Malaysia, said an industry specialist. Frost & Sullivan Asia Pacific vice-president for energy and environment Ravi Krishnaswamy said companies are getting more confident as crude oil prices start to pick up, making mergers and acquisitions (M&As) a more viable option. Smaller companies find it more difficult to survive, especially where digital technology is concerned, as they are not able to invest and grow and meet the global criteria, he added. “The best thing to do for these smaller players is to look for synergies with other bigger players or get acquired as this would be a more resilient approach. “Although Petroliam Nasional Bhd (Petronas) has been very open about the industry’s need to merge and consolidate, it cannot force these companies to do so, hence the need to encourage such activities instead,” Ravi told NST Business recently.
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Dateline 2017-02-20, Reuters:
Malaysian state-owned oil and gas firm Petronas is aiming to sell a large minority stake in a prized upstream local gas project for up to $1 billion as it seeks to raise cash and cut development costs, two sources familiar with the matter said.
Petroliam Nasional Bhd (Petronas) is looking to sell a stake of as much as 49 percent in the SK316 offshore gas block in Malaysia’s Sarawak state, the sources told Reuters, a move that would be among its first major recent sales as it grapples with oil prices that have slumped by half over two-and-a-half years.
That slide has squeezed the cash flows of Petronas [PETR.UL], hurt its earnings and forced it a year ago to announce a 50 billion ringgit ($11.2 billion) cut in capital expenditure over four years.
Petronas, which accounts for a third of Malaysia’s oil and gas revenue, has also cut its dividend. Sources had told Reuters in September it is considering selling its majority stake in a $27 billion Canadian liquefied natural gas (LNG) plant, although the company denied it.
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Wata - Malaysian Oil and Gas Engineer 