5 INCREDIBLE FACTS ABOUT PETRONAS EVERY MALAYSIAN SHOULD KNOW

May 3, 2016

Have a read, and comment. Kudos for someone making a list.

Dateline 2016-03-14, Cilisos (yes):

For most of us, Petronas is just another Malaysian GLC – one that we see every day, and possibly  even give business to on a regular basis – same la… like Unifi, or Tenaga Nasional.

However, you don’t see your former PM geting booted off the board on those other companies.

In fact, Petronas has been in the news recently for cutting 1000 staff, and needing to borrow money! But aside from being Malaysia’s only oil and gas company, what makes Petronas so special, and so important to Malaysians? As we started exploring, we realised one thing – there’s ALOT we don’t know about Petronas, and we should. Why? Because it supplies around 30% of our GDP. Yep. One company pays for 30% (some even say 40%) of Malaysia.

If that blew your mind, wait till you see what else we found out…

…

1 Comment | Malaysia, Malaysian election | Tagged: | Permalink
Posted by Wata

Saturday Star 2016-04-30– Job Opportunities

May 2, 2016

Happy short week, 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’m looking for jobs for 3Q2016. Send me your POs.
  • Nothing in the papers this week.

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

Leave a Comment » | Malaysia, oil and gas | Permalink
Posted by Wata

Malaysia’s Mahathir Mohamad’s role as advisor to Petronas terminated

May 1, 2016

In case you have been asleep the past month.

Dateline 2016-03-11, Reuters:

Former Malaysian premier Mahathir Mohamad post as advisor to the national oil and gas firm Petronas has been terminated, a statement from the Prime Minister’s office said on Friday.

“The Cabinet decided that, since Tun Mahathir is no longer supporting the current Government, he should no longer hold any position related to the Government,” the statement said.

Mahathir joined hands with several opposition leaders last week to sign a “Citizen’s Declaration”, calling for Prime Minister Najib Razak’s resignation.

Mahathir, Malaysia’s longest serving Prime Minister, took on an advisory role at Petronas after stepping down in 2003.

 

Leave a Comment » | Malaysia | Tagged: | Permalink
Posted by Wata

Syed Hamid: Public transport fares not dictated by world oil prices

April 30, 2016

So there.

Dateline 2016-03-10, Malay Mail Online:

Fares for land public transport such as buses and taxis are not dictated by world oil prices even though the latter had been declining of late.

Land Public Transport Commission (SPAD) chairman Tan Sri Syed Hamid Albar said petrol and diesel contributed merely 10 per cent towards the operating costs of companies providing public transport services.

“There are other influencing elements, such as the goods and services tax (GST) imposed on vehicle spare parts.

“Aside from that, the companies have to bear with higher insurance premiums and fluctuating foreign exchange rates,” he told a press conference here today.

…

 

Leave a Comment » | Malaysia | Tagged: | Permalink
Posted by Wata

MIDA Remains Optimistic Of Outlook For Oil & Gas Sector

April 29, 2016

It better. Out of curiosity, how does MIDA ‘approve’ O&G manufacturing projects?

Dateline 2016-03-10, Malaysian Digest:

The Malaysian Investment Development Authority (MIDA) is optimistic of the outlook for the oil and gas (O&G) sector, especially for downstream activities.

“We have seen the downturn.. Based on the market indication and the stabilisation of oil prices now, we think there will be more prospects in the industry,” Deputy Chief Executive Officer (CEO) Datuk N. Rajendran told reporters after presenting the Malaysia Book of Records certificate to Upstream Downstream Process & Services Sdn Bhd (UDPS).

The company was recognised by Malaysia Book of Records as the first Malaysian oil and gas company to obtain the MS 1000:2014 Shariah-based quality management system.

Last year, MIDA approved 13 O&G manufacturing projects, worth RM203.7 million, and facilitated three services projects, valued at RM3.7 billion, as well as, three Domestic Investment Strategic Fund projects worth RM84.3 million.

…

Leave a Comment » | investment, Malaysia | Tagged: , | Permalink
Posted by Wata

PETRONAS Names PFLNG SATU in Ceremony at DSME’s Okpo Yard in South Korea

April 28, 2016

Dateline 2016-03-07, Rigzone:

Petroliam Nasional Berhad (PETRONAS) announced Monday that the company’s first floating liquefied natural gas (LNG) facility officially received its name, marking another milestone for Malaysia’s national oil and gas corporation in the global LNG business arena on March 4.

The PFLNG SATU was named at a ceremony held by PETRONAS, together with its strategic partners Daewoo Shipbuilding & Marine Engineering Co. Ltd. (DSME) and Technip, at the DSME shipyard here in Okpo, South Korea.

PETRONAS’ President and Group CEO, Wan Zulkiflee Wan Ariffin said that the floating LNG facility signified a breakthrough achievement not only for the company but also for Malaysia.

…

Leave a Comment » | Malaysia, oil and gas | Tagged: , , | Permalink
Posted by Wata

Marketing Rounds – Umrah 2016/02 Pt 2

April 27, 2016

Leave a Comment » | engineering | Tagged: | Permalink
Posted by Wata

Shout Out – Technical Visit to Aker Solutions Manufacturing Centre, Port Klang

April 26, 2016

My Technical Division will be arranging a Trip to visit Aker on the 5th May, 2016. It is worth some CPD points (don’t know why the page says 0).

Aker Solutions is a global provider of products, systems and services to the oil and gas industry. Their engineering design and technology bring discoveries into production and maximize recovery from each petroleum field. They employ approximately 15,000 people in 20 countries. Aker Solutions portfolio of oilfield stretches all the way from the reservoir to the wellstream processing systems generating marketable and valuable hydrocarbon products.

The Aker Solutions Manufacturing Centre in Port Klang assemble oil and gas production equipments and systems. Some of the items that have been manufactured are topsides process packages, subsea structures, subsea christmas tree, subsea control module, subsea wellheads, and drilling and production risers. In this visit, visitors will be able to learn how the manufacturing centre is operated and maintained.

…

Register here, and you can download the form here.

Leave a Comment » | Malaysia, oil and gas | Tagged: , , | Permalink
Posted by Wata

Saturday Star 2016-04-23– Job Opportunities

April 25, 2016

Happy stayin’ alive week. Donate to your favourite 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’m looking for jobs for 3Q2016. Send me your POs.
  • Nothing in the papers this week.

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

Leave a Comment » | Malaysia, oil and gas | Permalink
Posted by Wata

More challenging environment ahead for O&G sector

April 24, 2016

Heck, if it gets even more challenging, us bottom feeders will have to pay clients to execute their work.

Dateline 2016-03-04, Borneo Post:

Analysts envisage a more challenging operating environment ahead for the oil and gas (O&G) sector in Malaysia.

The research arm of Kenanga Investment Bank Bhd (Kenanga Research) affirmed that domestic outlook remains sluggish this year with Petroliam Nasional Bhd (Petronas) slashing up to a total of RM20 billion from its capital expenditure (capex) and operating expenditure (opex), indicating further slowdown in contract awards to the local services players.

“Earlier on Monday, Petronas announced its financial year 2015 (FY15) results with core net profit plunging 45 per cent year-on-year (y-o-y) and cash flow from operations contracted by 33 per cent compared to the previous year,” it said.

“On top of that, Petronas is set to lay off 1,000 staff under the group-wide transformation plan to be more cost efficient.

…

 

Leave a Comment » | investment, Malaysia, oil and gas | Tagged: | Permalink
Posted by Wata

« Previous Entries
Next Entries »