Saturday Star 2015-10-03– Job Opportunities

October 5, 2015

Happy Happy Week. Donate to your favourite charity, 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.

  • I’m looking for jobs for 4Q2015. 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? How about fasting the on the day of Arafah?

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

Join the Star Wars Fever:

Star Wars Trilogy Episodes IV-VI (Blu-ray + DVD), Star Wars Trilogy Episodes I-III (Blu-ray + DVD), Heir to the Jedi: Star Wars

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Posted by Wata

Malaysia Quiet Leader Of FLNG Vanguard

October 3, 2015

Dateline 2015-09-01, EP:

Malaysian national oil company (NOC) Petronas is nearing the completion of its first pioneering floating LNG (FLNG) unit, the PFLNG 1, facility, which is due onstream by year-end. At the same time the NOC’s second and larger unit—PFLNG 2—being done in partnership with Murphy Oil also is well underway in terms of its construction program.

PFLNG 1 (also known as PFLNG Satu) will be moored over the Kanowit gas field 180 km (112 miles) offshore Sarawak, Malaysia, and has been designed to produce up to 1.2 million tonnes per annum (mtpa) of LNG as part of Phase 1 of the Kumang Cluster Development. Scheduled for commercial startup early in 2016,PFLNG 1 is both on time and on budget—an impressive achievement for a project that represents such a bold step forward in terms of offshore technology development for its owner.

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IEM Shout Out – Talk, Lessons learnt from Past Process Safety Incidents

October 2, 2015

This is a shout out for the IEM. The Chemical Engineering Technical Division (know as CETD to friends) will be having a pre-AGM talk on Saturday, 3rd October, 2015, presented by Mohd Rizal Mohd Tajuddin.

The talk is intended to provide an appreciation of past process safety incidents, identify the common underlying causes amongst the famous past process safety incidents, the lessons that have and can further be learnt, barriers that have hindered opportunities to prevent repeat events and suggested enablers to incorporate lessons into the heart of engineering.

As for the speaker:

Mohd Rizal Mohd Tajuddin is a Technical Safety Engineer with almost fifteen (15+) years of working experience, in both engineering and operations. He has worked on diverse projects in chemical industries, petrochemical industries, water treatment facilities, onshore and offshore facilities locally and internationally. He was trained as a Technical Safety cum Process Safety Engineer with PLC International, Worley Parsons, PETROFAC and PETRONAS. He was the Technical Safety Specialist of Upstream HSE, PETRONAS. He has been working with various projects starting from conceptual stage until handover and follow on to Operation and Maintenance phases with various Oil and Gas Operators BP, ExxonMobil, PETRONAS, SHELL, ConocoPhillips and Woodside. He has been seconded to various project offices including overseas assignment to Jakarta, Indonesia as well as Perth, Australia for ConocoPhillips and Woodside projects. His expertise include engineering safety, risk assessment and management, asset integrity and reliability.

You can register for the talk here. Also register for the AGM, please.

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PETRONAS Approves Development Plan for Malaysia’s Offshore Ophir Oil Field

October 1, 2015

Finally.

Dateline 2015-09-01, Rigzone:

Australia’s Octanex N.L. disclosed Tuesday that Malaysia’s state-owned oil and gas company Petroliam Nasional Berhad (PETRONAS) has approved the revised field development plan (FDP) for the Ophir oil field in Block PM 305, offshore Peninsular Malaysia.

Work on the $90 million Ophir field project, which is being developed under a Risk Sharing Contract (RSC) granted in 2014 to Ophir Production Sdn Bhd (OPSB), will commence immediately. OPSB is a joint venture company comprising Octanex (50 percent), Scomi Energy Services Bhd (30 percent) and Vestigo Petroleum Sdn Bhd (20 percent).

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Marketing Rounds – MPRC MINT#3

September 30, 2015

The MPRC hosted a MPRC Industry Networking and Talk  (MINT) on “O&G Services and Equipment (OGSE) Companies Going Global” On Thursday, 20th August, 2015. It was a presentation by MATRADE, plus a discussion panel.

You should go to the next one, and rub shoulders with giants. The runt in the crowd would be me, crouch down and say hi.

IMG_20150820_142406_HDR-001 IMG_20150820_142245_HDR-001 IMG_20150820_154712_HDR-001 IMG_20150820_154707_HDR-001

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IEM Shout Out – Talk, Lessons learnt from Past Process Safety Incidents

September 29, 2015

This is a shout out for the IEM. The Chemical Engineering Technical Division (know as CETD to friends) will be having a pre-AGM talk on Saturday, 3rd October, 2015, presented by Mohd Rizal Mohd Tajuddin.

The talk is intended to provide an appreciation of past process safety incidents, identify the common underlying causes amongst the famous past process safety incidents, the lessons that have and can further be learnt, barriers that have hindered opportunities to prevent repeat events and suggested enablers to incorporate lessons into the heart of engineering.

As for the speaker:

Mohd Rizal Mohd Tajuddin is a Technical Safety Engineer with almost fifteen (15+) years of working experience, in both engineering and operations. He has worked on diverse projects in chemical industries, petrochemical industries, water treatment facilities, onshore and offshore facilities locally and internationally. He was trained as a Technical Safety cum Process Safety Engineer with PLC International, Worley Parsons, PETROFAC and PETRONAS. He was the Technical Safety Specialist of Upstream HSE, PETRONAS. He has been working with various projects starting from conceptual stage until handover and follow on to Operation and Maintenance phases with various Oil and Gas Operators BP, ExxonMobil, PETRONAS, SHELL, ConocoPhillips and Woodside. He has been seconded to various project offices including overseas assignment to Jakarta, Indonesia as well as Perth, Australia for ConocoPhillips and Woodside projects. His expertise include engineering safety, risk assessment and management, asset integrity and reliability.

You can register for the talk here. Also register for the AGM, please.

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

September 29, 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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OIL PRICES: What’s behind the drop? Simple Economics

September 29, 2015

For those street and ghetto economists, here’s a place to start arguing. I haven’t found an Euclid type book yet, though. Any recommendations?

Dateline 2015-08-23, Malaysian Chronicle:

The oil industry, with its history of booms and busts, is in a new downturn.

Earnings are down for companies that have made record profits in recent years, forcing them to decommission more than half their rigs and sharply cut investments in exploration and production. More than 100,000 oil workers have lost their jobs, and manufacturing of drilling and production equipment has fallen sharply.

The cause is the plunging price of a barrel of oil, which has been cut roughly in half since June 2014, reaching levels last seen during the depths of the 2009 recession.

Prices recovered a bit in the spring, but have fallen again in recent weeks. Executives think it will be years before oil returns to $90 or $100 a barrel, pretty much the norm over the last decade.

What’s the current price of oil?

Brent crude, the main international benchmark, was trading around $45 a barrel on Saturday.

The American benchmark was at around $40 a barrel.

Why has the price of oil been dropping so fast? Why now?

This a complicated question, but it boils down to the simple economics of supply and demand.

United States domestic production has nearly doubled over the last six years, pushing out oil imports that need to find another home. Saudi, Nigerian and Algerian oil that once was sold in the United States is suddenly competing for Asian markets, and the producers are forced to drop prices. Canadian and Iraqi oil production and exports are rising year after year. Even the Russians, with all their economic problems, manage to keep pumping.

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Petronas to benefit from takeover of Shell’s MLNG Dua stake

September 26, 2015

Dateline 2015-08-25, The Star:

Petroliam Nasional Bhd (Petronas) will benefit from its takeover of Shell’s 50% interest in the MLNG Dua liquefied natural gas (LNG) plant as the deal will enable the Malaysian national oil and gas producer to better match domestic gas production with regional LNG demand, BMI Research says.
“With Petronas and its subsidiaries now becoming the operator of the project, we see this development as a positive for the firm as it will allow it to consolidate its operations in Sarawak and aid its efforts in developing the region as a gas hub,” BMI Research, a global financial information services company, said.
“By taking control of MLNG Dua, Petronas will have better control over the gas production and export in the Sarawak region and will be able to better match gas production with regional LNG demand,” it added.
…

 

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Challenges for Petronas

September 25, 2015

Dateline 2015-08-22, The Star:

IN Malaysia, at the centre of the oil price crash lies Petroliam Nasional Bhd (Petronas), whose fortunes are inextricably woven with that of our nation’s.

The question that everyone keeps asking is how badly will Petronas be affected and what would the impact of that be.

The simple answer is that in the short- to medium-term (and also depending on how prolonged the oil price decline will be) Petronas will be badly hit, like all other major oil companies.

But in comparison to international oil companies (IOCs), Petronas is buffered in the sense that it owns the oil and gas deposits in Malaysia.

Still, Petronas’ latest second quarter result displayed the extent to which it was being affected by the lower oil price – profits from its upstream business fell by 57% for the first six months of this year.

…

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