LUNDIN BOOKS $549MN IMPAIRMENT

February 9, 2017

Dateline 2017-01-19, Natural Gas World:

Sweden-based Lundin Petroleum announced January 19 a net 4Q2016 upstream impairment charge of $549mn ($632mn gross, offset by a $83mn tax credit) after having taken gas discoveries offshore Malaysia and oil found in the Russian Caspian off its balance sheet.

Lundin said it’s now unlikely any of the discoveries — offshore Sabah in east Malaysia, plus the Tembakau gas find offshore peninsular Malaysia, as well as the Morskaya find in the Caspian — can be commercialised in the near future. It did go into further detail on why they are unlikely to be developed. The affected Malaysia reserves are 60.6mn barrels of oil equivalent; those at Morskaya are 110.1mn boe.


(Cancelled) IEM Shout Out – 2017-02 One Day Course On Introduction To Demolition Using Explosives

February 8, 2017

You’ll get a bang outa this. And from lame joke to the main message:

My technical division will be hosting a 1 day seminar on the 15th February, 2017 (Hey, if things don’t work out on the 14th…) It is worth 6.5 CPD points, and held at Wisma IEM. The course will be presented by Hj Look Keman Bin Sahari, Brig. General Mustapha bin Omar and Associate Professor Ir. Dr. Mohamed Alias bin Yusof.

Malaysia is considered a young country and rapidly developing. We see many new high rise building coming up even on small plot of land in city area. This is due to high cost of land. However, anything that goes up some day, sometimes it will have to come down. It can be due to aging, high cost of maintenance, availability of new technology, new planning by the owner or authority or whatever other reasons. It is very rare when forwarding development plan, the subject of the need for demolition later is ever considered. Bringing down a building or any structure by mechanical means for example will subject the neighbours to vibration, dust noise and numerous other dangers to them for a long time. It may even take several months. There are also incidents where demolition workers were injured and some were killed in line of duty. Demolition by using explosive may require the services of civil/structural engineer working together with the blasters and blasting engineer. The preparation may take months to study the structural plan of the building to be taken down, to survey the surrounding area and plan how to mitigate the effect of air blast, fragmentation, dust and ground vibration. Beside that the proponent will have to convince the authority that demolition by using explosive is the most practical and probably the cheapest way. Demolition by itself will only take a few minutes. Demolition by using explosives will require the blasters/blasting engineers to have the knowledge of both military and commercial explosives which in Malaysian scenario will require a person to have military background but need to learn the use of commercial explosive in service of after he leaves. Currently the only Institution that give training in the use of commercial explosive is Institute of Quarrying and endorsed by Jabatan Mineral and Geoscience. However, it is tailored to quarrying.  Therefore, there is a need to add to the current syllabus for Shotfiring to include construction blasting and demolition issues a least for a short term. This will enable them to communicate and assist the future demolition expert. Currently only those with Shotfirer Certificate are allowed to apply for Explosive Permit. Demolition by using explosive is not taught at any higher Institute of learning in Malaysia. In USA and Europe for example the subject is learned on the job. The course is design as an introduction to demolition by explosives. An introduction of explosive engineering followed by insight into both commercial and military demolition and followed by the effect of using explosives on the structure. Videos on demolition will be shown to support the lecture. The subject of human resource development for demolition engineers will also be touched. The course be particularly useful for those who are likely to be involved in demolition and thinking of the alternative to mechanical means and also the evaluators of the proposal for demolition work such as government engineers.

Hj Look Keman Bin Sahari graduated in mining engineering from the University of Strathclyde, Scotland in 1979. He joined the Mines Department initially as Geotechnical engineer specializing in Slope engineering particularly technical investigation on slope failures. He later joined the Inspectorate division of the Department until retirement in 1996. In 1990 he continued his studies at Royal Military College of Science, Cranfield University, England and obtained M.Sc in Explosives Ordnance Engineering. His interest was then on the use of Shape Charge in the industry. On retirement, he worked as Consultant Engineer in the use of explosive for mining, quarrying and construction. He had also served as expert witness in control blasting in Arbitration. As a committee member of IEM Training Board, he had attended many courses particularly on Geotechnical Engineering, Health and Safety, forensic engineering and also tunneling as Auditor. He is a Professional Engineer with Practicing Certificate and a Fellow of IEM. He had also given lecture on explosives application at IEM and Institute of Quarrying, Malaysia. He is also a qualified Shotfirer.

Brig. General Mustapha bin Omar is a qualified Ammunition Technical Officer and had rose through the rank in the Malaysian Army to become Chief Ammunition Technical officer He is an expert in the application of military explosives including demolition. He also had a Diploma in Industrial Management from UKM in 1993 and subsequently Bachelor in Business Administration from UPM in 2001. In 2002-2003 he further his studies at Royal Military College of Science, Cranfield University at MSc level in Explosives Ordnance Engineering. He is also knowledgeable in the use of commercial explosives and had attended a Shotfirer Course organised by Institute of Quarrying, Malaysia. He is currently a Senior Research Officer at STRIDE (Institute Penyelidekan Sains Teknologi Pertahanan.

Associate Professor Ir. Dr. Mohamed Alias bin Yusof obtained his Bachelor Degree in Civil Engineering from UTM in 2002, MSc in Project Management from UITM in 2005 and Ph D in Civil Engineering in 2012 from University Pertahanan National Malaysia. He is also a Professional Engineer registered with the Board of Engineer. Dr Alias specialises in the Blast Effect on Structure. He is also knowledgeable in Commercial and Military explosives and had also attended course in Explosives Engineering at Royal Military College of Science, Cranfield University He also attended Shotfirer Course and Blast Vibration, Monitoring and Control Course at Institute of Quarrying Malaysia.

Register here, or download the form here.


‘Falling gas prices more of a threat’

February 7, 2017

Dateline 2017-01-13, NST:

Lower gas price is a bigger threat to Malaysia’s economic fundamentals than weaker oil prices in the long term, said an expert. Employees Provident Fund head of economics and capital markets Nurhisham Hussein said Malaysia, being a net exporter of gas, was exposed to tighter competition in the global market, which could jeopardise the country’s trade value. “The global gas market competition continues to get tighter with the United States having just started supplying gas last year at a more competitive price. “We are also in competition with Qatar and Australia, among others. Buyers now have the power to negotiate for lower prices,” he said at the International Fund Forum 2017, here, yesterday. The one-day forum was organised by the Securities Commission Malaysia (SC)

 


Saturday Star 2017-02-04 – Job Opportunities

February 6, 2017

Happy Wata  IEM VP and Council Candidacy. Vote for me, and spread the workd, 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.

  • 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 2Q2017. Send me your POs.

Food choice of the week? I would suggest visiting Sudu & Garpu, SS15.

Seeing that Joe Dever has passed away, you may want to revisit his books:

Flight from the Dark (Lone Wolf, Book 1), Legends of Lone Wolf Omnibus 1, War of the Wizards (The World of Lone Wolf, Book 4)


Petronas to rein in 2017 capex?

February 5, 2017

Dateline 2017-01-12, NST:

NATIONAL oil firm Petroliam Nasional Bhd (Petronas) is expected to rein in capital expenditure (capex) this year.

Hong Leong Investment Bank (HLIB) said despite the expected firmer oil prices this year, it would not bring about a significant catalyst for the local oil and gas (O&G) sector.

“It is not news that this year will be a better year for O&G market as the Organisation of the Petroleum Exporting Countries (Opec) has decided to reverse its decision to flood the market with its oil earlier in 2015.


Now Petronas subsidiary is leaving Labuan

February 4, 2017

Dateline 2017-01-08, Daily Express:

A long-time big player in the oil and gas industry here – Petronas Carigali Sdn Bhd (PCSD) – has moved its operations to its own supply base at Bintulu Port, Sarawak, effective January 1.

A notice issued by the company advised its service providers and vendors that the delivery point for its materials would now be the East Logistics Command Centre (ELCC) at the Bintulu Port.

Industry sources reacting immediately to the latest development said it was certainly bad news for Labuan but good news for Sarawak which, not long ago, had acted firmly on Petronas to increase Sarawak’s opportunities in its employment.

PCSD had a strong presence here and had helped to raise the profile of the island as a significant oil and gas hub.

The company had been serving as an anchor tenant at the Asian Supply Base (ASB) which has often been described as a fully integrated logistics hub for oil and gas. ASB is a fully Sabah-owned entity and was established in 1985 when Tan Sri Harris Salleh was the Chief Minister of Sabah.


Malaysia cuts average natural gas price for non-power sector users

February 3, 2017

Dateline 2016-12-29, Nikkei Asian Review:

Malaysia has decided to cut the average natural gas price by 2.74% for users in the non-power sector for the first six months of next year, a move that analysts said will help lower costs for export-reliant manufacturers such as glove-makers.

The average base tariff of 26.31 ringgit ($5.9) for every million British Thermal Unit will be effective January 1, the Energy Commission said in a statement, compared to the current rate of 27.05 ringgit for each unit. Natural gas prices in Malaysia are controlled by the government and reviewed every six months.

“The base tariffs for this regulatory period are expected to contribute positively towards the financial position of the company for the next three financial years,” Gas Malaysia, the sole supplier of reticulated natural gas in Malaysia, said in a separate statement to the stock exchange.

IEM Shout Out – 2017-02 One-Day Course on “Effective Email Writing”

February 2, 2017

My technical division will be hosting a 1 day  course on the 16th February, 2017. It is worth 6.5 CPD points, and held at Wisma IEM. The course will be presented by Ir. Danaraj Chandrasegaran

CEmail is a problem that is hiding in plain sight – one which few people will tackle. We all use email every day. Yet, too often, email fails to be the effective communication tool it deserves to be. Simple mistakes are often a large part of the problem. Emails are more likely than other kinds of work to be littered with spelling and grammar errors. More fundamentally, poor structure can result in overlong emails that fail to get their key message across. And poorly worded emails can lead to disputes between colleagues or with clients, causing disrupted workflows and needless stress.

But it doesn’t have to be this way. Used correctly, email gets ideas across quickly and with a minimum of effort. Rather than a barrier to action, it can be the opposite: an invaluable tool for making sure that everything your team need to happen, happens. That’s why we’ve developed this course. It’s specifically designed to help your team claw back the time lost to poorly written emails. The end result is clear, professional emails, that let your team hit ‘send’ with confidence.

This one-day course is designed to help you develop skills that will enable you to produce clear and effective email documents. We will focus on the basic principles of good writing which email writing shares with other forms of writing and on types of documents common in technical fields and organizations. Participants learn the protocol for email writing. Subjects include punctuation, grammar and “SCRAP” techniques.  Participants also may choose to bring a sample of their writing/ presentation/ commonly faced issues in the work place for one-on-one feedback

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).
Register here, or download the form here.


Diving – El Nido 2oo5

February 1, 2017

PETRONAS TO PRODUCE LESS PETROLEUM NEXT YEAR? BUT WHY NOW!?

January 31, 2017

Dateline 2016-12-28, Cili Sos:

You don’t need to be an economist to see how badly our economy is doing. Oil prices have been going down worldwide and that (coupled with other factors of course), has really taken a toll on our Ringgit.

In a previous article about Petronas, we mentioned that this one company alone supplies 30% of our country’s GDP (and some say 40%). In fact, the oil price drop hit Petronas so heavily that the first half of 2016 has not been kind to Petronas. They announced in August this year that their profits had fallen a staggering 96% when compared to their profits at the same time last year.