And how much are you willing to pay?
Dateline 2016-01-15, TMI:
Petron Malaysia Refining and Marketing Bhd today introduced the RON100 fuel into the Malaysian market.
The premium fuel, Blaze 100 Euro 4M, currently retails at RM2.80 per litre and is available in eight service stations in the Klang Valley and Johor with another 30 to 40 stations expected to carry the fuel in the next few months based on customer demand.
Petron has 560 stations nationwide.
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Posted by Wata
This was last year, by the way. I presume this has increased to 70% by today. And we are fundamentally boring.
Dateline 2015-12-29, The Star:
ANALYSTS are expecting oil and gas (O&G) firms to cut their capital expenditure by up to 40% next year as global oversupply of the commodity continues.
UOB KayHian said earnings risk for O&G companies had not bottomed out and that the global oil majors were expected to slash capital expenditure by between 10% to 40%.
“The sector is still fundamentally unexciting,” said UOB KayHian in a recent report.
Global oil prices hit their 11-year lows at US$36.25 a barrel last week, before it rebounded. The current oil price is a far cry from the US$115 per barrel registered in June 2014.
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Posted by Wata
Photos at the USAT Liberty, Tulamben, Bali
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Posted by Wata
Heck, why not make it daily, or allow oil price wars as mentioned in The Will to Compete?
Dateline 2015-12-31, NST:
There will be a weekly fuel price revision if the government agrees with the idea mooted by the Petrol Dealers Association of Malaysia (PDAM).
Deputy Finance Minister Datuk Johari Abdul Ghani said the government was receptive to the idea, adding that PDAM was expected to submit a proposal to the ministry soon.
The retail fuel prices have been fixed on a managed float system since Dec 1 last year, where retail prices are based on the monthly average world price of crude oil.
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Posted by Wata
Sad end of Gravity Falls 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.
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.
During these trying times, perhaps you should focus on self improvement. The following are a good set of books to start automating your uncertainty budget tables.
The Cartoon Guide to Statistics, Hands-On Start to Wolfram Mathematica, Doubt-Free Uncertainty In Measurement: An Introduction for Engineers and Students
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Posted by Wata
Dateline 2016-01-14, TMI:
Malaysia is relatively in a far better financial position than countries such as Venezuela, Nigeria, Iran and Russia, whose revenues have been adversely affected by the plunge in crude oil prices.
Its diversified economy, the goods and services tax (GST) and rationalisation of subsidies have provided a certain amount of cushion in revenue contribution, economists said.
Brisk domestic demand coupled with greater private investments locally and contributions from the manufacturing, construction, agriculture as well as the services sectors including tourism also lent to the nation’s coffers, they said.
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Posted by Wata
Dateline 2016-01-11, Malay Mail:
Sarawak Chief Minister Tan Sri Adenan Satem said he will delay pushing Putrajaya to increase oil royalty payments to his state, after the falling price of the commodity forced the federal government to revise its Budget for the year.
“The present oil price is now under US$35 per barrel against US$115 per barrel over a year ago, so we have to go slow in our demand until the price has gone up to a certain level,” he said at the signing of a contract agreement between Talisman Malaysia Limited and OceanMight Sdn Bhd.
The contract is for the engineering procurement construction of a wellhead platform for the Kinabalu redevelopment project here.
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Posted by Wata
Dateline 2016-01-12, TMI:
Petroliam Nasional Bhd is bracing for two to three more tough years as the Malaysian state oil company grapples with crude at an 11-year low while seeking to keep its multi-billion dollar projects on track.
Oil may average US$30 (RM132) a barrel this year in a “low-price” scenario, chief executive officer Datuk Wan Zulkiflee Wan Ariffin said in an interview yesterday.
With a capital expenditure plan of as much as RM350 billion over the next five years, he said the company’s “good” cash build-up would help it through difficult times.
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Posted by Wata
Talisman is an affiliate of Repsol? Is that what the kids are calling it these days?
Dateline 2016-01-12, The Star:
Talisman Malaysia Ltd will be able to drill up to 10 new oil wells with deck space available to install additional equipment for future developments with the construction of new facilities under the Kinabalu redevelopment project.
The proposed facilities currently under detailed design comprise a 3,700-tonne wellhead riser platform and 350-tonne bridge that would link the new facilities to the existing Kinabalu platform, according to Spain-based Repsol regional executive director Asia and Russia, Ferdinando Rigardo.
Talisman is an affiliate of Repsol, an integrated oil and gas company which has activities in more than 40 countries and across the entire oil and gas value chain. Repsol had its presence in Malaysia since 2011, supplying lubricants to local manufacturing industries.
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Leave a Comment » | engineering | Tagged: Ferdinando Rigardo, Repsol, Talisman | Permalink
Posted by Wata
These are photos from around the USAT Liberty, Bali
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Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 