Big money in oil? I’ll take a pay cut just to get a job now, undergrads say

March 11, 2016

Everyone is taking a paycut, though bottom feeders are getting hit worst.

Dateline 2016-01-19, Malay Mail:

They used to dream of a RM7,000 basic monthly salary in their first year of employment, with thousands of ringgit more just from allowances. But now, petroleum engineering students say they have doubts about their career choice as they witness the oil & gas (O&G) industry lay off tens of thousands of workers worldwide.

Malay Mail Online spoke to several petroleum engineering students who said much of their optimism and confidence for a solid career in the O&G industry has been shaken after seeing the unexpected prolonged oil price rout ravage what was once considered the most stable and lucrative job market.

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Uggah: Malaysia committed to B10 biodiesel

March 10, 2016

Dateline 2016-01-19, Malaysiakini:

Malaysia is still committed to its plan to raise its biodiesel mandate to 10 percent despite low oil prices, a senior government official said today.

Malaysia’s Plantation Industries and Commodities Minister Douglas Uggah Embas said they were in the final stages of consultation with stakeholders on the B10 programme, which mandates a minimum 10 percent of bio content in diesel, and will submit a cabinet paper on this by the end of February.

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IEM Shout Out – 2016/04 Full-Day HAZOP Training For Team Members – A Practical Approach

March 10, 2016

My technical division will be hosting a 1 day course on the 31st MAY, 2016. It is worth 6.5 CPD points, and held at (wait for it) Hilton PJ. Since I’m giving it, I expect hoards will have to be turned away at the gates. And it’s a big room, so I need to fill the seats.

A Hazard and Operability study is a formal and systematic and detailed examination of the process and engineering intentions of new or existing facilities which assesses the hazard potential and effects on the facility as a whole when operation is outside of the design envelope, or individual items of equipment malfunction.

This course is designed to educate participants in the HAZOP process from the perspective of a HAZOP team member. It is meant to provide both instruction and workshop sessions so that the participants:

  • Are familiar with the concept of ‘risk’
  • Are familiar with the theory behind HAZOP
  • Are familiar with the actual HAZOP workshop process
  • Have expectations as to what the HAZOP will (and won’t provide)
  • Understand what deliverables can be expected from a HAZOP
  • Have the opportunity to participate in HAZOP exercise in a safe environment
  • Opportunity to share HAZOP experiences

At the end of the session, the participants should:

  • Understand the responsibilities of all parties in the HAZOP
  • Have experience in a HAZOP session.
  • Understand the outcomes from a HAZOP session

Wata has 19 years of experience in the oil and gas industry, in both design and operations.

Register here, or download the form here.

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IEM Shout Out – Technical Visit to Yakult (M) Sdn Bhd

March 10, 2016

This is a shout out for the IEM. My technical division will be hosting a trip to Yakult. It will be a ‘technical’ visit (hint, hint) on the 19th March, 2016. You will be anointed with 3 CPD / PDP hours.

Yakult was born over 75 years ago and since then has been loved by 28 million of consumers overseas. However, in Malaysia, Yakult is still a young and growing company. Yakult Ace was launched here just a few years ago in 2004. Yakult (Malaysia) Sdn Bhd is a wholly owned subsidiary of Yakult Honsha, Japan. Yakult has committed millions of ringgit to establish and operate our one and only local factory in Seremban, Negeri Sembilan and our Head Office in Glenmarie, Shah Alam. Since then, we have opened branch offices in Johor Bahru, Melaka, Penang, Kuantan, Ipoh, Seremban and Kota Bharu. Yakult is a high quality probiotics in the form of a cultured milk drink. Yakult contains the probiotic bacteria “Lactobacillus casei Shirota” (also called the “Shirota strain”). With 30 billion live Shirota strain in each bottle, Yakult has among the highest concentrations of probiotics compared to other probiotics on the market (most probiotic drinks and supplements claim to contain at most 1 to 10 billion live probiotic bacteria per serving or per capsule). The Yakult factory was built specially with visitors in mind where the participants can view the whole production process and see how Yakult is being made and can even take a closer look at our bacteria using a microscope, enjoy fun and educational video shows, and sample some delicious, freshly-made Yakult.

Register here and get the flyer here.

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Posted by Wata

Diving – Bali 2015-12 Pt 4

March 9, 2016

More photos around USAT Liberty Bell.

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Shout Out – Talk on External Turret Design for Floating Storage Offloading/ Floating Production Storage Offloading Vessel (FPO/FPSO

March 9, 2016

This is a shout out for the IEM. My Technical Division will be  hosting a talk on the 16th March, 2016 by Ir. Saifulbahari. It’ll be at 5:30 pm  (makan-makan at 5:00). I’m giving the talk, so turn up.

This presentation will cover the engineering aspects of an external turret system. The external turret system is attached to the hull of the tanker and allows the tanker to freely weathervane and thereby takes up the least resistance to the combined forces of wind, waves and current. The external turret mooring system is composed of a stationary turret part connected to the external vessel’s structure via a roller type bearing. The turret part is secured to the seabed by catenary or (semi) taught mooring legs to provide sufficient restoring forces to keep the vessel within a design excursion limit. This excursion limit ensures the safe working of the underwater fluid transfer riser system from the seafloor to the turret.

Ir. Saifulbahari has more than 15 years of experience in design and project experience in oil and gas, in particular with floating structures (e.g. FPSO, FSO, CALM buoy, Semi).

He started his career in oil & gas as a Mechanical Engineer at Ranhill Worley. In 2002, he has been selected to be part of Project Management Consultant (PMC) to deliver MISC 1st FPSO Bunga Kertas. Subsequently, he also involved in successfully delivering MISC 1st FSO project, FSO Angsi that was completed within 15 months to first oil. His breakthrough in hydrodynamic and mooring design expertise when he worked for 4 years with INTECSEA Perth office and later with SBM Malaysia.

Currently, he is a Senior Manager of Hull & Mooring in OBU of MISC Bhd. He is heading team of 15 engineers consist of Naval Architectural, Structural and Hydrodynamic and Mooring engineers.

Register here or download the form here. A map to Wisma IEM is presented here.

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Malaysia should assume worst case for oil, says analyst

March 8, 2016

Dateline 2019-01-19, AsiaOne:

AS Teheran re-enters the oil market, pushing prices to below US$28 (S$40) a barrel and a 12-year low, an analyst has suggested that it may be necessary for Malaysia to pencil in an ultra-conservative average of US$10 oil in its revised Budget, given the rapid pace of decline of oil prices.

Whether the assumption is provocative or overly bearish, independent interest rate and foreign exchange strategist Suresh Ramanathan maintains that the oil-exporting country needs to “be pragmatic”, and that Putrajaya ought to base its oil inference on the worst-case scenario, rather than go with the crowd.

“It should go below consensus and if the numbers turn out better, they can be revised as Putrajaya will be ahead of the curve rather than behind it,” he said.

…

 

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Saturday Star 2016-03-05– Job Opportunities

March 7, 2016

Sad lost jobs week. Donate to your favourite charity (me), buy my recommendations, or through my Amazon store. Or get the Young Turks series (all 4 books). 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 2Q2016. Send me your POs.
  • An associate of mine is looking for a technical safety part-time adviser. 2 Associates, actually. Needs to be needle sharp with respect to QRAs, and HSE safety cases. A calm demeanor to handle nonsensical questions from young engineers helps as well. Either that, or a drinking problem.
  • Nothing in the papers this week. See Happy note above.

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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Firms ink deal for unmanned aerial vehicle

March 6, 2016

We are approaching pilotless helicopters.

Dateline 2016-01-19, Borneo Post:

The oil and gas industry here shall see yet another evolution in its offshore facility with the usage of an unmanned aerial vehicle (UAV) to monitor, observe and collect data.

During a UAV presentation and signing of an agreement between Fatimah Bersatu Sdn Bhd (FBSB) and Evo Sdn Bhd at a hotel here yesterday, FBSB executive chairman Sazali Abdul Rahman said the new technology was set to eliminate unnecessary trouble.

“The main objective of us here is to create awareness among local business community, government agencies, stakeholders and the like of the benefit of the need to rely on technology such as UAV to perform data collection in difficult to reach remote areas.

“Of course, the signing of agreement with Evo Sdn Bhd is intended for the purchase or lease of operation and maintenance support for the setting up a UAV hub in Miri,” Sazali said.

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Malaysia’s Petronas to Slash $11.4 Billion in Capital, Operating Expenses

March 5, 2016

Dateline 2016-01-18, TWSJ:

Malaysia’s state oil firm, Petroliam Nasional Bhd., or Petronas, is planning to slash as much as 50 billion ringgit ($11.4 billion) in capital and operating expenditure over the next four years, according to an internal memo sent to staff by its chief executive officer.

The plan comes as the continuing rout in oil prices has hurt major oil companies world-wide, with the price of Brent crude tumbling to $28 a barrel on Friday. The slide could spell a further drop in Petronas’s revenue and earnings, as some domestic and international projects may become unprofitable.

…

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