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.
For your convenience, the link to bookcafe is here.
Marketing Rounds – Backup Plan
October 19, 2016
Leave a Comment » | 
engineering | Tagged: bookcafe | 
Permalink
Posted by Wata
More pressure on O&G players
October 18, 2016Dateline 2016-09-05, NST:
MALAYSIA’S oil and gas (O&G) firms are expected to face fiercer competition in the long term even as they improve on cost efficiency to remain resilient, said analysts.
Kenanga Investment Bank Bhd said O&G service players were facing limited tenders while having to deal with tighter cash flows, unutilised vessels and ballooning debt obligations.
“While we believe the industry is undergoing restructuring, which allows the fittest to survive, we observe that some players have collaborated to tender for jobs far beyond their core competence.
…
Leave a Comment » | Malaysia | Tagged: Kenanga | Permalink
Posted by Wata
Saturday Star 2016-10-15– Job Opportunities
October 17, 2016Happy Kuala Belait 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.
- A mate of mine is looking for a MD/EngMan type person to help run his engineering company (the main business is skid manufacturing). He can’t handle the work volume, so you know that his oil & gas company is bucking the trend, and has a bright future ahead. If I know you, send your CV’s to me. If I don’t know you, send your CV along anyway, but note I will contact your references. I am not getting a commission for this ad, you know.
- 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 4Q2016. 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
Leave a Comment » | Malaysia, oil and gas | Permalink
Posted by Wata
Malaysia’s retail pump fuel price is 3rd lowest in the world
October 16, 2016Dateline 2016-09-05, The Star:
FROM my recent conversations, there are some who still feel that our current fuel price is still stiff, more so when the retail pump price is being compared with the selling price of other oil exporting countries like Brunei and Saudi Arabia. This prompted me to relook at the current retail pump price across selected countries around the world.
If one recalls, we have adopted a new retail fuel pump price mechanism. This new retail pump price mechanism is determined by using the managed float system.
…
Leave a Comment » | Malaysia | Permalink
Posted by Wata
Sarawak says ‘not in picture’ over Petronas’ oil production share with foreign firms
October 15, 2016Dateline 2016-08-28, Malay Mail Online:
The Sarawak government said it is in the dark about Petronas’ production sharing contracts (PSCs) award to Thai and Kuwaiti companies to jointly explore a block of petroleum resource off the state’s coast.
Sarawak Chief Minister Tan Sri Adenan Satem repeatedly said he did not have any knowledge of the matter when questioned about Block SK410B, said to be located in shallow waters off the state’s coast, The Borneo Post reported today.
“I don’t know about this matter, so cannot make any comments,” he told a news conference in Kuching yesterday, even after being informed that Thailand’s PTTEP HK Offshore Ltd and Kuwait’s Kufpec Malaysia Sdn Bhd would hold 42.5 per cent respectively, while Petronas Carigali Sdn Bhd would hold only 15 per cent of the PSC.
The award was reportedly inked on July 21.
…
Leave a Comment » | Malaysia, oil and gas | Tagged: Adenan Satem | Permalink
Posted by Wata
After Sarawak’s success, SAPP wants Sabah deal with Petronas
October 14, 2016Dateline 2016-08-28, FMT:
The Sabah state government has been urged to urgently negotiate with the Federal Government and Petronas for the same type of concessions obtained by Sarawak.
Melanie Chia, deputy president of Sabah Progressive Party (SAPP), said Sabah should also demand that a Sabahan be appointed to the Petronas board of directors, ensure more Sabahans are employed at all levels and the state allowed to take part in production sharing contracts.
Her statement came in response to Sarawak Chief Minister Adenan Satem’s announcement yesterday of an agreement with the Federal Government and Petronas on seven major issues.
…
Leave a Comment » | investment, Malaysia, Malaysian election | Tagged: Melanie Chia, SAPP | Permalink
Posted by Wata
Oil price volatility continue to impact PETRONAS
October 13, 2016Dateline 2016-08-22, Automotive World:
PETRONAS has recorded RM17.7 billion in Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA), an improvement of 14 per cent from the first quarter of 2016.
Cash flows from operating activities also rose by 64 per cent from RM9.7 billion in the first quarter of 2016 to RM15.9 billion.
The quarter-on-quarter improvements partly resulted from the Group’s transformation efforts and continuous drive to reduce cost, improve efficiency in cash management and sustain world-class operational performance in the current industry environment.
However, volatile oil prices coupled by oversupply and lagging growth demand continued to impact the Group’s half year performance as compared to the same period last year.
Group pre-tax profit for the half-year ended 30 June 2016 (after taking into account impairments) amounted to RM10.0 billion, a 68 per cent drop from RM31.6 billion achieved in the same period of 2015.
…
Leave a Comment » | Malaysia, oil and gas | Tagged: Petronas | Permalink
Posted by Wata
MOGEC HAZOP – 2016
October 12, 2016See What you missed?
Leave a Comment » | training | Tagged: HAZOP, mogec | Permalink
Posted by Wata
Malaysia’s Petronas Posts 96% Profit Drop on Lower Oil Price
October 11, 2016Dateline 2016-08-22, Reuters:
Malaysian state-owned oil firm Petroliam Nasional Bhd (Petronas) on Monday said low oil prices dragged quarterly profit down 85 percent, and labelled the industry outlook “gloomy” well into 2017.
Petronas has seen a global slump in oil prices squeeze finances, which make up a third of Malaysia’s oil and gas revenue. The benchmark Brent futures LCOc1 price, which hit a 12-year low earlier this year, rose 25 percent in the second quarter but remains lower than a year earlier.
“We should expect to see volatility continue and Petronas will not bank on optimistic oil prices to ease up on pressure,” President and Chief Executive Wan Zulkiflee Wan Ariffin said at a news conference.
“The combined factors of oversupply, growing inventories and slower demand growth point to an ongoing gloomy outlook well into 2017.”
Wan Zulkiflee said Petronas planned for an average price this year of $30 a barrel, unchanged from its February forecast. Brent crude, after a recent rally, traded at $49.50 at 1021 GMT.
…
Leave a Comment » | Malaysia, oil and gas | Tagged: Petronas, Wan Zulkiflee Wan Ariffin | Permalink
Posted by Wata
Saturday Star 2016-10-08– Job Opportunities
October 10, 2016Happy HSE Case 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.
- A mate of mine is looking for a MD/EngMan type person to help run his engineering company (the main business is skid manufacturing). He can’t handle the work volume, so you know that his oil & gas company is bucking the trend, and has a bright future ahead. If I know you, send your CV’s to me. If I don’t know you, send your CV along anyway, but note I will contact your references. I am not getting a commission for this ad, you know.
- 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 4Q2016. 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
Leave a Comment » | Malaysia, oil and gas | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 