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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More pressure on O&G players

October 18, 2016

Dateline 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.

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Saturday Star 2016-10-15– Job Opportunities

October 17, 2016

Happy 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, Bedlam

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Malaysia’s retail pump fuel price is 3rd lowest in the world

October 16, 2016

Dateline 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.

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Sarawak says ‘not in picture’ over Petronas’ oil production share with foreign firms

October 15, 2016

Dateline 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.

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