Petronas shares knowledge on oil and gas industry

November 24, 2016

Am I not a blogger? Why weren’t we, the small guys, invited? Did you have to have a Sarawak work pass to attend?

Dateline 2016-10-12, Borneo Post:

Petroliam Nasional Berhad (Petronas) hosted a one-day workshop with the media for knowledge sharing on the oil and gas industry and provide the media with a better understanding of the dynamics of the industry.

The workshop entitled ‘Oil and Gas for Media’ was held at Petronas Sarawak regional office in Wisma Naim here yesterday.

Among issues discussed during the workshop were Petronas’ business and key activities, technology and engineering, exploration and production, social and environment concerns, revenue management, corporate social investments and other emerging issues in the oil and gas industry.

Its media and communication manager Johannes Ridu said  the objective of the workshop was aimed to enhance the participants’ awareness on the factors and developments that impacted Malaysia’s oil and gas industry and Petronas’ role and direction in shaping it.

“It is our hope that through this workshop, the media will have a better understanding of the industry especially in Sarawak as well as Petronas’ business and its broad strategies,” he said.

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Marketing Rounds – PUSB

November 23, 2016

I was in Brunei, and happened to be at the Petrokon offices during a fire alarm. False alarm.

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IEM Shout Out – Two-Day Course on Critical Thinking for Engineers 2016-11

November 22, 2016

My technical division will be hosting a 2 day course on the 7th and 8th December, 2016. It is worth 10.5 CPD points, and held at Wisma IEM. The course will be presented by Ir. Al-Khairi Mohd Daud.

Learning Outcomes

• Explore real-world examples of why critical thinking is so important in business
• Learn to use critical thinking skills when making business decisions
• Know how to translate an abstract idea into something tangible
• Minimize the impact of job pressures on your thinking processes
• React with curiosity instead of emotion
• Get a roadmap for developing your critical thinking skills

Ir. Al-Khairi Mohd Daud has over 23 years of experienced in Oil and Gas, petrochemical, oleo chemical, manufacturing and facilities management. He is the country expert for ASEAN Energy Management Accreditation Scheme and an expert in healthcare facilities management. He has assisted in drafting few Malaysian Standards including the Malaysian Standard for Quality in Healthcare. He has presented papers in national and international conference especially on maintenance and asset management. He is the owner of Faqeh Management who specialized in asset and energy management.

Ir. Danaraj Chandrasegaran 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.

Register here, or download the form here.

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Malaysia’s InvestKL Woos Top Oil, Gas MNCs to Base in Kuala Lumpur

November 20, 2016

Why isn’t InvestMalaysia wooing me to be an overachiever?

Dateline 2016-10-06, Rigzone:

Malaysia’s InvestKL is more than half way to completing its mission: attracting 100 multinational corporations (MNC), including top oil and gas firms, to base their regional headquarters in Greater Kuala Lumpur (KL) by 2020.

Luring oil and gas MNCs ranked among the Fortune 500 or Forbes 2000 group of firms looms large for InvestKL given Malaysia’s well established petroleum industry, anchored by national oil company (NOC) Petroliam Nasional Berhad (PETRONAS).

“It’s is not the main focus, but it’s certainly a key sector because oil and gas is one of the 12 national key economic areas. KL is also an oil and gas hub for Southeast Asia,” Daniel Teng, senior director of Marketing & Communications, Strategy, Advisory and Services at InvestKL told Rigzone.

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IAEA team to review Malaysia’s nuclear energy infrastructure

November 19, 2016

Dateline 2016-10-06, The Sun Daily:

International Atomic Energy Agency (IAEA) experts will be in the country next week to conduct the first Integrated Nuclear Infrastructure Review (INIR), says Malaysia Nuclear Power Corp (MNPC) CEO Mohd Zamzam Jaafar.

He said the 12 experts, mostly from the IAEA headquarters in Vienna, Austria, would review Malaysia’s state of preparedness for nuclear energy development, from Oct 10 to 17.

“Malaysia is almost there (for nuclear energy development) but there are still certain things that need to be done,” he said, adding they included the tabling of a nuclear energy bill and identifying a site for the nuclear energy programme.

Mohd Zamzam told a media briefing here yesterday that the outcome of Malaysia’s INIR review would be out by year-end, and was optimistic it would be a positive review.

He said Malaysia had also submitted its self-assesment to IAEA, with all the necessary documents, in May this year.

On nuclear programme awareness in Malaysia, Mohd Zamzam said most Malaysians had negative impression when they hear the word ‘nuclear’.

“MNPC will conduct education programmes to spread information on nuclear energy for power generation,” he said, adding that, currently, nuclear energy in Malaysia was only used in the medical and agricultural sectors.

MNPC, he said, forecast that Malaysia would only be able to have its own nuclear programme for energy generating purposes after 2030.

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Bondholders in quandary as oil prices drop

November 18, 2016

Were there O&G unit trusts issued during the good times?

Dateline 2016-10-04, FMT:

As the drop in oil prices leaves more companies in the industry starving for cash, bondholders and lenders are beginning to feel the pain.

And bondholders are seeking action to ensure they do not lose out.

According to a Bloomberg report, a group of bondholders last week issued a notice of acceleration on SD125 million of bonds sold by Malaysian oil services company Perisai Petroleum Teknologi Bhd.

Also last week, dozens of bondholders gathered outside a trustee’s office in Singapore to deliver a demand for immediate payment on S$100 million of notes issued by shipping trust Rickmers Maritime.

Bloomberg said Perisai didn’t reply to two e-mails seeking comment on its plan to defer its bond repayment by four months, which was rejected by bondholders on Monday.

Perisai’s 6.875 per cent notes were at 55 cents.

“Yes, it’s our responsibility that we bought the bonds but the company can’t just brush us aside,” bondholder Cheng Fong Kiew was quoted as saying after rejecting the plan.

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Syed Azman: T’ganu should emulate S’wak

November 17, 2016

Must be time to prep for the General Election.

Dateline 2016-09-29, FMT:

A Terengganu lawmaker, inspired by Sarawak’s push for a larger share of oil and gas royalties, is embarking on a signature drive to get his state a better deal for its resources.

Speaking to FMT, Batu Burok Assemblyman Syed Azman Ahmad said Terengganu needed to emulate Sarawak and beckon the Federal Government and Petronas to the discussion table.

Sarawak’s push for greater state rights, especially those pertaining to oil and gas, has been a cornerstone of Adenan Satem’s tenure as Chief Minister of the state.

Syed Azman said Terengganu had been shortchanged since 2000, when the five per cent oil royalty it used to get was withdrawn and replaced with the so-called “wang ehsan” provided by Putrajaya.

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Marketing Rounds – MOGSEC 2016

November 16, 2016

Apart from a massive Pikachu spawn in the halls, I didn’t get to see much of the exhibition.

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McDermott, TH Heavy Engineering dissolve partnership

November 15, 2016

Dateline 2016-09-27, OE Digital:

Houston-based McDermott International and Malaysian fabrication firm TH Heavy Engineering (THHE) will end their Malaysian joint ventures Berlian McDermott (BMD) and THHE Fabricators (THF), the pair announced on Friday (23 September), citing local market conditions.

The proposal will see both THHE and McDermott trade interests in the joint ventures to the other. For example, THHE will transfer its 30% interest in BMD to McDermott, while McDermott will transfer its 30% stake in THF to THHE. Each transfer was valued at US$17.33 million (MYR 71.73 million).

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Saturday Star 2016-11-12– Job Opportunities

November 14, 2016

Happy catch up week.

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 1Q2017. 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? 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, Bedlam

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