Shamsul Azhar Resigns From Petronas Gas On Jan 1

January 8, 2017

In case you missed this.

Dateline 2016-12-09, Malaysian Digest:

Petronas Gas Bhd Chairman Tan Sri Shamsul Azhar Abbas, 64, will resign from the company on Jan 1, 2017, after helming the company for about a year, the company announced in a filing to Bursa Malaysia.

Petroliam Nasional Bhd (Petronas) Executive Vice-President and Chief Executive Officer (Upstream) Datuk Anuar Taib, 48, would succeed Shamsul who has expressed intention to resign due to time constraint as he currently served on the board of various Malaysian and overseas companies.

Anuar, 48, joined Petronas in 2012 as Chief Executive Officer of Petronas Development and Production before subsequently promoted to Senior Vice-President of Petronas Upstream Malaysia.

Petronas Gas also announced the resignation of non-independent and non-executive director Datuk N. Sadasivan Pillay, 75, effective Jan 1, 2017.

…

Leave a Comment » | investment, Malaysian election, oil and gas | Tagged: , | Permalink
Posted by Wata

Landmark Opec deal fuels local O&G stocks

January 7, 2017

Did you catch the price rise wave, or mistimed and was caught in the trough?

Dateline 2016-12-02, NST:

Oil and gas (O&G) stocks rallied yesterday after Organisation of the Petroleum Exporting Countries (Opec) agreed on Wednesday to cut output for the first time in eight years.

Among the gainers were Deleum Bhd, Dayang Enterprise Holdings Bhd, UMW Oil & Gas Corp Bhd, SapuraKencana Petroleum Bhd and Uzma Bhd.

Leading the pack was Deleum, with the counter jumping 10.5 sen, or 12.8 per cent, to 92.5 sen, with 4.97 million shares traded.

Crude oil prices steadied around US$53 (RM236.90) a barrel yesterday, holding on to big gains made after Opec and Russia agreed to restrict production.

In the meeting, Opec members agreed to cut oil output by almost 1.2 million barrels per day from January to June next year.

…

Leave a Comment » | Malaysia, oil and gas | Tagged: , , , , , | Permalink
Posted by Wata

Ophir field achieves first oil

January 6, 2017

Dateline 2017-11-11, Asian Oil & Gas:

Octanex said first oil has been achieved at the Ophir field, offshore Malaysia, following commencement of production from the field on 20 October.

Production during this period was constrained to a maximum of 3000 bo/d. A de-bottle necking phase of commissioning is underway, and Octanex expects that the first lifting of Ophir crude will occur in December 2017.

The Ophir field with a water depth of approximately 70m and has been developed via three production wells, a wellhead platform and floating production storage and offload (FPSO) vessel.

…

 

Leave a Comment » | Malaysia, oil and gas | Tagged: , | Permalink
Posted by Wata

Shell confirms oil leak in Port Dickson

January 6, 2017

Dateline 2016-12-02, Malay Mail:

Shell Refining Company Port Dickson (SRC) confirmed that oil sheen discovered near the SRC jetty in Batu 1, Jalan Pantai Port Dickson, here at 6.30pm yesterday was from its single buoy mooring (SBM).

SRC in a statement here today said SRC immediately activated and mobilised it’s Response Team to the area to investigate the sheen and manage the situation.

“The source of the leak was quickly identified to be from SBM and the team has managed to isolate the source and stop any further leak into the environment. SRC is now focussed on minimising any impact to the environment and clean-up efforts are underway.

“The cleaning activity of the oil sheen and the safety of the community and the responders are our utmost priority. We are working closely with the relevant local authorities such as the Fire and Rescue Department and the Department of Environment on the clean-up efforts,” it said.

…

 

Leave a Comment » | Malaysia, oil and gas | Tagged: , | Permalink
Posted by Wata

‘More pros than cons to having nuclear plant’

January 5, 2017

Dateline 2016-11-29, The Sun:

Having a nuclear power plant has more advantages for the nation rather than disadvantages, said Malaysian Nuclear Agency (Nuclear Malaysia) Director-General, Datuk Dr. Muhamad Lebai Juri.

However, he added, they have to justify to the government on the need to have such a plant in Malaysia.

Speaking to reporters after officiating the Radiation Protection conference and workshop 2016 here organised by the Malaysian Radiation Protection Association (MARPA) in collaboration with Malaysian Nuclear Agency and Atomatic Energy Licensing Board (AELB) today, he said: “We can develop nuclear power as part of our energy mix strategy like other countries do.”

For that, he added, they need to maximise their energy resources such as hydraulic power first in order to develop nuclear power if they really need it.

Muhamad Lebai said the public need to be educated on the pros and cons of having a nuclear power plant, especially now with technological advancements.

…

Leave a Comment » | nuclear | Tagged: , , , | Permalink
Posted by Wata

Marketing Rounds – Mecomb

January 4, 2017

For all the times I have seen their name on documents, I haven’t actually been to Mecomb’s sanctum sanctorum.

img_20161104_144157

Leave a Comment » | Malaysia | Tagged: | Permalink
Posted by Wata

THHE shifting business focus

January 3, 2017

Dateline 2016-11-28, NST:

TH Heavy Engineering Bhd (THHE) is shifting its business focus from oil and gas to supplying offshore patrol vessels (OPV), said Tabung Haji group managing director and chief executive officer Datuk Johan Abdullah.

He said the company might not be big on oil and gas any more as it wanted to focus on OPV contracts.

“It already has a fabrication yard. In Malaysia, we have only two. In China, 80 per cent of its fabrication yards are empty, which shows how bad it is in terms of oil and gas businesses on fabrication.

“What was being updated to me is that it is going to shift in terms of business focus,” he told the New Straits Times.

He said this when asked about updates on THHE following the arrest of its former CEO and two other personnel by the Malaysian Anti-Corruption Commission (MACC) on Nov 14.

…

Leave a Comment » | investment, Malaysia | Tagged: , | Permalink
Posted by Wata

Saturday Star 2016-12-31 – Job Opportunities

January 2, 2017

Happy mess up check writing 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 a mech inspector, for a job in China. If you are in between jobs, contact me. As always, there will be a serious pay cut.
  • I’m looking for jobs for 2Q2017. Send me your POs.

Support your local bookshop!  Bookalicious at The Summit Subang is a good choice. I think they focus on trilogies, quadrilogies, and other ologies. Tell them I sent you, and enjoy the look of perplexity on their faces. Those of you who have dropped my name, thanks!

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)

Leave a Comment » | Malaysia, oil and gas | Permalink
Posted by Wata

Paltry federal contribution

January 1, 2017

Dateline 2016-11-26, Borneo Post:

…

“Foremost in our mind, critical in our pursuit to conserve depletable natural resources, is the petroleum justice that we owe it to ourselves, to Sarawak, and to our future generations to strategically conserve and utitlise it in the best interests of Sarawak.”

See said Sarawak, on shore and offshore, had been demarcated into 48 blocks or fields of oil and gas potentials.

Through the years, he said production sharing contracts (PSC) had been awarded over 27 of these fields, and 13 others were presently been promoted this year and the last.

“It is imperative for us to revivify Sarawak’s sovereign rights to this valuable natural resource, to assert our autonomy and authority over the remaining blocks and fields of oil and gas potentials yet to be awarded with PSC.”

He opined that Sarawak had sacrificed too much of its petroleum resources to the federation.

…

Leave a Comment » | Malaysia | Tagged: | Permalink
Posted by Wata

State, PETRONAS working on Petrochemical Master Plan

December 31, 2016

Dateline 2016-11-25, Borneo Post:

THE Sarawak government and Petronas are currently undertaking the Sarawak Petrochemical Master Plan study covering the coastal areas of the state.

Assistant Minister of Industrial Development (Investment and Promotion) Datuk Julaihi Narawi said the study will look into the technical, commercial and economic feasibility of the petrochemical development in Sarawak.

“Among others, the study is expected to identify and recommend the suitable oil and gas downstream industries that the state can explore,” he said yesterday in his reply to Aidel Lariwoo (BN – Sadong Jaya) and Ripin Lamat (BN – Lambir) during the question and answer session at the State Legislative Assembly yesterday.

He said currently 100 per cent of oil resources and 93 per cent of gas resources are exported in raw form such as crude oil and liquefied natural gas (LPG).

“It is the intention of the state government to establish a robust downstream industry to increase participation in the higher value chain and thus creating a more sustainable industry for the state amidst the declining resources.

…

 

Leave a Comment » | Malaysia | Tagged: , , | Permalink
Posted by Wata

« Previous Entries
Next Entries »