The Oil, Gas and Mining Technical Division AGM will be held at Wisma IEM Auditorium Tan Sri Prof. Chin Fung Kee, Third Floor.
It will be held at 11am on Saturday, 17th December 2016.
Register here, and download the flyer here. A map to Wisma IEM is presented here.
Come, y’all and heckle us. We also need a quorum, and need to vote in a new secretary / treasurer.
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engineering, Malaysia, oil and gas | Tagged: AGM, OGMTD | 
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Posted by Wata
Dateline 2016-10-27, Daily Express:
Petroliam Nasional Berhad (Petronas) was the big winner at the Institution of Chemical Engineers (IChemE) Malaysia Awards 2016, bagging six out of the 16 awards under eight categories presented at Le Meridien Hotel Kuala Lumpur on Monday.
Twelve organisations/institutions and four individuals received IChemE awards at the ceremony, which was graced by the Royal Patron of IChemE Malaysia, Duli Yang Maha Mulia Raja Permaisuri Perak Darul Ridzuan Tuanku Zara Salim.
Petronas Chemicals Group Berhad (PCG)’s Vice President, Managing Director/Chief Executive Officer Datuk Sazali Hamzah, who is also a member of IChemE Malaysia’s Board of Directors said, “PCG received four out of the six awards presented to PETRONAS. We are honoured by this recognition for our long-standing commitment and efforts in upholding world-class standards in our processes. Being part of the global awards programme is indeed an impetus for us to continuously strive for excellence for the benefit of the chemical engineering fraternity and chemical industry at large.”
…
Leave a Comment » | Chemical, Malaysia, oil and gas | Tagged: IChemE, Petronas | Permalink
Posted by Wata
Happy Ingress L9. Be inspired by Rogue One, come join the rebellion, contact me.
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.
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? Whatever employees Rabbit B and Rabbit S are eating, looks healthy.
Seeing that Joe Dever has passed away, 
Flight from the Dark (Lone Wolf, Book 1)
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Posted by Wata
Dateline 2016-10-28, Nikkei Asian Review:
Malaysia Marine and Heavy Engineering, an oil rig builder controlled by state oil and gas company Petronas, suffered its fourth consecutive quarter of losses due to fewer and lower-valued projects.
Net loss for the three months ended September 30 totaled 4.5 million ringgit ($1.1 million) compared to net profit of 17.0 million ringgit a year earlier, the company said. Quarterly revenue fell nearly 24% year-on-year to 333.5 million ringgit from 436.3 million ringgit.
“The continued downturn of the oil and gas industry is expected to impact the group’s business with significant offshore project cancellations and deferments,” the company said. “This is expected to result in further decline in asset utilization, currently being assessed for impairment which will significantly affect the current year financial result.”…
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Posted by Wata
Chemical Engineers never forget.
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Posted by Wata
Don’t know about you, but I’m not taking my money out of Tabung Haji.
Dateline 2016-10-25, The Edge:
LEMBAGA Tabung Haji does not seem to have had much luck in investing in the oil and gas sector. The pilgrim fund is probably among the biggest victims of the beleaguered O&G outfit Perisai Petroleum Teknologi Bhd.
Bluntly put, Perisai is just one of Tabung Haji’s many failed investments in the sector, which is experiencing a severe downturn.
On Oct 4, Tabung Haji sold 1.75 million Perisai shares, trimming its equity interest to 76.43 million shares or 6.06%.
That day, Perisai’s share price traded between 8.5 sen and 10 sen, which means at the higher end, the pilgrim fund would have got a mere RM175,000 from the share sale.
Ironically, prior to the sale of the 1.75 million shares, Tabung Haji’s last transaction in Perisai shares was almost exactly a year ago — on Oct 7, 2015 — when it sold 600,000 shares. The pilgrim fund’s investment loss would not have been as bad if it had sold more shares then.
To recap, Tabung Haji surfaced as a substantial shareholder in Perisai on Dec 23, 2014, after it bought 1.2 million shares, bumping up its holding to 79.88 million shares or 6.7%.
…
Leave a Comment » | investment, Malaysia, oil and gas | Tagged: Perisai Petroleum Teknologi, Tabung Haji | Permalink
Posted by Wata
Dateline 2016-10-21, Yahoo! (yodel it):
Malaysian state oil company Petroliam Nasional Berhad will pay the government a dividend of 13 billion ringgit ($3.11 billion) next year, lower than 2016 levels, the country’s second finance minister Johari Abdul Ghani said on Friday.
Petronas, as the company is known, has said it will pay 16 billion ringgit to the government this year.
Addressing reporters after tabling the country’s 2017 budget, Johari also the budget was based on an oil price assumption of $45 a barrel.
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Posted by Wata
Don’t confuse a donkey pump with Donkey Kong. Nintendo will be really upset. BTW, can someone gift me the NES classic edition?
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Posted by Wata
Yeah, baby.
Dateline 2016-10-15, FMT:
In an effort to win the support of the Kelantanese, former premier Dr Mahathir Mohamad has vowed to pay oil royalties to the state government should the Barisan Nasional Federal Government be defeated.
Speaking to a 5,000-strong crowd at a ceramah here last night, Dr Mahathir gave his guarantee that Kelantan would enjoy the oil royalties which the state government had been demanding.
“If we win, then we can give the royalties,” he said to cheers from the crowd.
…
Leave a Comment » | investment, Malaysia | Tagged: Dr Mahathir | Permalink
Posted by Wata
Happy belated Palawan Week, and happy catch up week.
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.
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? Any weight loss diet.
Let’s get a bit nostalgic with the book selection.
Wetter, Louder, Stickier: A Baby Blues Collection (Baby Blues Scrapbook), BBXX: Baby Blues: Decades 1 & 2
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Posted by Wata
Paypal donations accepted.
Wata - Malaysian Oil and Gas Engineer 