Is it time to buy oil and gas stocks?

October 16, 2015

Nah, wait till 2H2016.

Dateline 2015-09-14, The Star:

IT is often regarded that the best time to accumulate a stock is when nobody is looking at it. Would that hold true for oil and gas [O&G] stocks whose prices have been beaten down in the wake of the collapse of oil prices?

“Yes and no, perhaps one can start looking at certain O&G companies that are not so directly impacted by the oil price and those that are in the brownfield segment,’’ said a senior analyst.

The analyst added that earnings for KNM and Dialog were more tied to jobs related to the massive Refinery and Petrochemical Integrated Development (Rapid) project by Petronas at Pengerang, Johor.

…

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Posted by Wata

EM Shout Out – Technical Visit to Solar Farm Kompleks Hijau Solar, Gading Kencana Sdn Bhd

October 15, 2015

This is a shout out for the IEM. My Technical Division will hosting the visit on Wednesday the 28th Oct, 2015.

Gading Kencana Sdn Bhd has successfully commissioned a 8-MW solar farm on a 6.86 hectar land in Bemban, Melaka with an investment cost of  RM 86-million. The solar farm has a total output of 10,120 MWh annually. It is enough to power some 1,800 local households. The electricity produced is being purchased by  Tenaga Nasional Bhd at 80 cents per kilowatt hour of electricity under the Feed-in Tariff (FiT) scheme managed by Sustainable Energy Development Authority Malaysia (SEDA) and the Energy Commission.

You can register here. Flyers may be obtained here.

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Marketing Rounds – Teaching at Heriot Watt

October 14, 2015

I was honoured to give a talk on the 22nd September to young victims… um minds at Heriot-Watt university, Malaysia campus. Topic was on safety. I could only take a photo before I started the 2 hour presentation.

I  wonder if I’ll be invited back to abuse the next batch

IMG_20150922_160729_HDR IMG_20150922_160725_HDR

 

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IEM Shout Out – Two-Day Workshop on on Asset Management Standards and Assessments

October 13, 2015

My technical division will be hosting a 1 day seminar on the 17th to 18th November , 2015. It is worth 13 CPD points, and held at Wisma IEM. The course will be presented by Ir Al-Khairi Mohd Daud.

The main aims of this course are to:

  • Introduce participants to the concepts, practices and application of asset management and their implications for the optimized management of physical assets;
  • Provide an overview of PAS 55 /iSO55000 requirements for physical asset management and how these apply to the organisation;
  • Review options and good industry practice for asset management planning and for implementation of optimized plans over asset life cycles;
  • Show how these can be integrated with a business management system to align with other requirements including management system standards, relevant specifications and regulatory requirements;
  • Learn how to do good asset auditing and assessment programme.

Ir. Al-Khairi has 21 years of experience in research, cement, oil and gas, petrochemical, oleo chemicals industries and health care facilities. He has gained various experiences in design, construction, testing and commissioning, operate and maintain facilities and plants from various multinational companies both abroad and locally. He has served in various roles as engineers and manager to the plant and facilities.

Register here, or download the form here.

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(revised) IEM Shout Out – One-Day Workshop on Rock Blasting and Explosive Engineering

October 13, 2015

This is a shout out for the IEM. My Technical Division will hosting the above seminar on Wednesday the 15th Oct, 2015 by Mr. Mohamad Razif Kemat, Mr. Yap Hong Hor, and Ir. Look Keman Sahari.

This Workshop will be a series of Courses on the Application of Explosives in mining, quarrying and Construction industries tailored to the engineers and other professionals such as Safety personnel who need to know how explosives are used safely and efficiently in rock blasting operation, mining, quarrying, and construction industries.

The Workshop will introduce the various types of explosives used in the commercial application and suitability of particular explosives for a particular application. The right choice of an initiation system, for example, will determine the degree of disturbance to the public and the potential complaints from them which may cause delays in a blasting project. This may also help the project manager to understand the proposal made by the consulting engineer or blasting engineer for a particular blasting project instead of just depend on blasting contractor’s proposal which purely focus on the cheapest costs.
The Workshop is also a good introduction to those who wish to learn about the productive use of explosives in our life. It includes lectures and demonstration of explosive products (dummy samples) used in our industries.As a result of fast pace development housing, business centres, factories etc are being built near existing structures. Development within city areas for examples requires firm foundation below the surface where underground space are also used as car parks, LRT stations, bus station etc. Excavation of underground space requires the removal of soil and also rocks. In both Selangor and Penang Island the need for building new houses for expanding population requires the cutting and levelling of hilly areas. All these require the use of explosives.

 

You can register here. Flyers may be obtained here.

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Saturday Star 2015-10-10– Job Opportunities

October 12, 2015

Happy HAZOP 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 1Q2016. 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 much in the news. Has The Star dropped out of favour? I see more job adverts on the facebook private groups.

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? Alfalfa.

Seen the Episode VII new trailer? If you say “What is episode Vii?”, I disown you.

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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Petronas: Powerful, enigmatic, world player

October 11, 2015

No, I didn’t leak the video.

Dateline 2015-09-11, Vancouver Sun:

When B.C. invited Petronas to play a pioneering role in establishing the province’s nascent liquefied natural gas industry, it brought in a powerful, highly politicized, and deeply enigmatic global energy giant.

Malaysia’s state-owned national oil company, now facing criticism over a leaked report to The Vancouver Sun outlining serious safety and structural integrity issues in its Malaysian offshore operations, hasn’t yet fully committed to the $11.4 billion project near Prince Rupert.

Yet its clout has already been on display. While all the major LNG players in B.C. have quietly lobbied both the federal and B.C. governments to provide tax breaks, only Petronas openly threatened to abandon B.C. if it didn’t get its way.

…

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Gas prices to remain until the end of the year

October 10, 2015

Dateline Sept 11, NST:

Gas prices shall remain until the next revision at the end of the year. Despite falling fuel prices in the world market, gas supplied in Malaysia is still below world market price of around RM40 per mmbtu (million British thermal units), said Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili.

Gas is still being subsidised by the government, the minister said at the sidelines of International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM) 2015 held here today.

Gas Malaysia Bhd, Malaysia’s supplier of natural gas had, since July 2015, raised tariffs by an average of 10.3 per cent for the fuel supplied to commercial and industrial sectors.

…

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MNPC To Complete Public Survey Report On Nuclear Energy By Year-end

October 9, 2015

We look forward to backyard nuc reactors. When’s that cold fusion floodgate gonna open? BTW, Wolfram Alpha says we consume 118.5 billion kWh/yr.

Dateline 2015-09-10, Bernama:

Malaysia Nuclear Power Corp (MNPC) will finalise its public opinion survey on nuclear as an energy resource and to complete the report by year-end.

MNPC Director, Nuclear Power Programme Development, Jamal Khaer Ibrahim, said the survey found that over 70 per cent of its 2,400 respondents were uncertain about the viability of the new resource.

“We will embark on the public communication exercise and conduct it continuously,” he told reporters on the sidelines of Second Nuclear Energy and Opportunities in the Nuclear Supply Chain Seminar 2015 here today.

Earlier, he presented a paper on the Economic Transformation Programme and the need for diversification of energy resources.

The government set up the MNPC in 2011 to implement a nuclear energy programme, with the delivery of a two-gigawatt power plant.

…

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Oil and gas veteran’s take on oil prices

October 8, 2015

I see the Star is milking one interview for more than one article.

Dateline 2015-09-05, The Star:

IF what former Petroliam Nasional Bhd (Petronas) president and chief executive officer Tan Sri Shamsul Azhar Abbas says is true, then the oil and gas (O&G) industry has to go through a perilous three or even four years of low price environment before it sees the heady days of hitting dizzy heights of US$100 or more per barrel.

The industry veteran expects the price of oil to trade in the range of between US$45 and US$55 per barrel in the next few years based on the current fundamentals and dynamics surrounding the industry.

“Prices may go up to US$60 per barrel this is based on the current fundamentals and dynamics surrounding the industry,” he says.

..

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