Malaysian Energy Firm Petronas Plans Several Hundred More Job Cuts

October 29, 2016

Dateline 2016-09-20, WSJ:

Malaysia’s national oil company is looking to cut several hundred more jobs as it continues to grapple with weak oil prices, according to two people familiar with the matter.

Petroliam Nasional Bhd., known as Petronas, is planning the job cuts at its publicly listed operations, according to the people.

The company, which provides most of the government’s oil and gas revenue, said in March that it was cutting 1,000 jobs. This came after Petronas said it would slash spending by some $11.4 billion over the next four years, following similar moves by major global oil companies including Royal Dutch Shell PLC facing the crude-price downturn.

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SPG wants more S’wakians involved in oil & gas industry

October 28, 2016

Dateline 2016-09-15, FMT:

The Suarah Petroleum Group (SPG) is standing firmly behind Sarawak Chief Minister Adenan Satem in pushing for greater Sarawakian participation in the petroleum industry in the state.

Made up of Sarawakian oil and gas professionals, SPG said that while they acknowledged that the State Secretary has been recently nominated to sit on Petronas’s Board of Directors, more should be done.

“…SPG firmly believes that it is high time the State’s petroleum resources be developed by its own petroleum corporation, to ensure that the Chief Minister’s vision of meaningful participation becomes a reality,” it said in an article by the group’s Education, Leadership and Talent Development Bureau, entitled “A Short History of Petroleum in Sarawak.”

SPG argued that there was enough local and global talent in the state to successfully operate and manage the petroleum industry and added, “At the same time, this will allow Sarawak to develop its own ‘Talent Pipeline’ to ensure the sustainable growth and progress of the industry in the state and for the nation.”

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PM: I was once a junior executive in Petronas

October 27, 2016

Dateline 2016-09-16, Malay Mail:

Prime Minister Datuk Seri Najib Tun Razak today spoke on his experience working as a junior executive with national oil corporation Petronas after his tertiary education.

He said at the time, Petronas had just started operations in 1974 under a very different environment and generation.

A foreign multi-national company had become dominant in oil and gas exploitation in the country then, he said.

“This was so much so that Miri was even referred to as the Shell town,” he said when addressing some 1,000 Petronas employees at a special Malaysia Day gathering at the Bintulu Civic centre here.

He said, however, the country’s leaders like his late father Tun Abdul Razak who was then the prime minister and others decided to change this.

“The nation had achieved its political independence and they then decided to go for its economic independence.

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Marketing Rounds – Functional Specs

October 26, 2016

img_20160819_190631

The photo was taken at Puchong Prima LRT station. I can imagine how the specs were written.

pg 10: “The station shall have a fence separating it from playing field next door, complete with barbwire to prevent unauthorized entry…”

pg 513, para 1.a.ii.1): “The road entrance to the station car park shall not have any obstruction, including a gate, to stop any persons from entering at will..”

Go figure.

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Sabah ideal Far East hub: CM

October 25, 2016

Dateline 2016-09-15, Daily Express:

Sabah has what it takes to attract investors, both locals and foreigners, in its vision to become the hub for the Far East, said Chief Minister Datuk Seri Musa Aman.

He said the State is blessed with an abundance of natural resources, rich biodiversity and is in a strategic location within a region of strong vibrant economies.

“Sabah is increasingly becoming an attractive destination for meetings, incentives, conventions and exhibitions (MICE) activities not just for the Brunei Indonesia Malaysia Philippines – East Asean Growth Area (Bimp-Eaga) region but for other emerging markets in this region.

“With the completion of the Sabah International Convention Centre in a few years time, we can expect an increase in MICE activities in the city,” he said during the opening of the Sabah International Expo 2016 (SIE 2016) and welcoming dinner, here. His speech was delivered by Deputy Chief Minister cum Industrial Development Minister Datuk Raymond Tan.

Musa also said SIE is an important event for Sabah as “we continue to restructure and diversify our economy from merely depending on primary exports to one that focuses on the importance of adding value to products and services, and is knowledge-driven.”

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Malaysian oil and gas hub materializes as Malikai nears production

October 23, 2016

Dateline 2016-09-12, Offshore:

Shell recently celebrated several major milestones for Malikai as it moves closer to entering production, when it will become the company’s second operated deepwater project in Malaysia after Gumusut-Kakap.

In June, the Technip-Malaysia Marine and Heavy Engineering (MMHE) joint venture (TMJV), contracted by Shell in February 2013, concluded onshore fabrication and commissioning operations. The 27,500-metric ton TLP then began its 1,400-km (870-mi) excursion from the MMHE West fabrication yard at Pasir Gudang in Peninsular Malaysia to the Malikai field, which lies in the South China Sea some 100 km (62 mi) off Sabah.

The TLP was transported by the Dockwise heavy-lift vessel White Marlin, according to fellow contractor InterMoor, which was responsible for the marine aspects of its float-off and tow.

These milestones behind it, a spokesperson for Shell based in Kuala Lumpur recently told Offshorethat it anticipates first oil in 2017.

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SPG defends Sarawak Govt’s stand on petroleum rights

October 22, 2016

Dateline 2016-09-09, FMT:

Suarah Petroleum Group (SPG), a Sarawakian non-profit organisation, has come out in defence of the Sarawak State Government’s actions pertaining to Petronas’ operation in the state.

The group also stressed that Petronas must be penalised for work permit violations and that Peninsular Malaysian employees working on social visit passes must be deported immediately.

In a statement, SPG responded to Unimas political scientist Assoc Prof Andrew Aeria, who in a recent interview with BFM 89.9 raised questions over the targeting of Petronas by the State Government over the issue of 13 senior Sarawakian staff who had been retrenched and whether the matter had been blown out of proportion by the State Government.

Aeria, SPG said, had also accused state politicians on both sides of the divide of failing to raise the level of political discourse and instead engaging in jingoism.

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Lee: Miri should be centre of oil and gas industry in Malaysia

October 21, 2016

Reeeaaaaaally?

Dateline 2016-09-08, Borneo Post:

Miri should be made the centre of oil and gas industry in the country because it is the birth place of the industry over 100 years ago.

Assistant Minister for Tourism Datuk Lee Kim Shin said it was high time Petronas acknowledged this fact and this was among issues that had to be addressed by the oil and gas company in order to be more practical.

“Sarawakians have the longest experience in the oil and gas industry in Malaysia; having been in the industry for over 100 years. This is a fact. Petronas must recognise the fact that the oil and gas industry started in Sarawak in 1910.

“The industry started in Miri, so it is only logical that Petronas gives more attention and focus on oil and gas development in Sarawak,” he said during the launch of Oceancare Corporation Sdn Bhd’s (OCSB) Rope Access Training Centre in Piasau yesterday.

Its president Datuk Nelson Balang Rining was also present.

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INSTEP: Transforming the Landscape of Technical Learning, Certification

October 20, 2016

Dateline 2016-09-05, Rigzone:

Institut Teknologi Petroleum PETRONAS (INSTEP) is a state-of-the-art technical training institute owned by PETRONAS Technical Training Sdn Bhd (PTTSB). Established in 1981, INSTEP was set-up with the aim to accelerate human capital development to support the growth of PETRONAS as well as Malaysia’s oil & gas industry. Currently, the training institute also serves international clients from more than 15 countries as part of its aspiration to be “A Leading Partner of Choice in Oil and Gas Technical Learning and Certification”.

INSTEP’s learning experience and module offerings have since transformed with the launch of the integrated Upstream Downstream Training Plant (UDTP) on March 27, 2014, making a phenomenal shift in learning. Unlike a commercial plant, the UDTP, first of its kind in the world, simulates real plant scenario to enhance the competency of learners through hands-on training and experiential learning for safe, efficient and responsible exploitation of hydrocarbon resources.

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Marketing Rounds – Backup Plan

October 19, 2016

If the oil & gas market tanks further, this may be a good backup plan, where I park this alongside my diving equipment van. And my tax optimization services van.

img_20160908_125111 img_20160908_125225

For your convenience, the link to bookcafe is here.

 

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