Here’s my non- oil & gas CSR for the year, scheduled for the 12th September, 2015. For us thinking about retiring, give a thought (and some funds) to those already have. Get your corporate affairs lads and lasses to run, don’t walk to the phones, and contact nazilehramli@yahoo.com, or +603 8739 2916, +603 8739 3289, or the other contacts on the banner to book those tables.
Your support is appreciated.
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Posted by Wata
If you haven’t visited Uzma Tower, make sure you get concise directions. I had to be lead there from the LHDN offices the first time I went.
Leave a Comment » | Malaysia, oil and gas | Tagged: Uzma | Permalink
Posted by Wata
Dateline 2015-07-14, Rigzone:
Malaysia’s national oil company Petroliam Nasional Berhad (PETRONAS) announced Tuesday the commencement of oil production at the Tembikai field under the Tembikai-Chenang Cluster small field Risk Service Contract (RSC) located offshore Terengganu, Peninsular Malaysia.
The field, which lies in water depth of approximately 230 feet (70 meters), is being developed and operated by VESTIGO Petroleum Sdn Bhd, a company established in 2013 and wholly-owned by PETRONAS Carigali Sdn Bhd — the upstream arm of PETRONAS.
The Tembikai-Chenang Cluster is the fourth RSC that has been brought into production, after the Kapal-Banang-Meranti (KBM) Cluster, Balai Cluster and Berantai RSCs.
…
Leave a Comment » | Malaysia, oil and gas | Tagged: Chenang, Petronas, Tembikai, Vestigo | Permalink
Posted by Wata
Happy First Hajj Flight 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.
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? IGL’s open house and client / associate open day, of course.
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
Leave a Comment » | Malaysia, oil and gas | Tagged: Talisman | Permalink
Posted by Wata
Why isn’t Abang Yazid a Datuk yet?
Dateline 2015-07-07, The Borneo Post:
The Petroleum Resources Corporation (MPRC) has applauded Platts’ recent move to approve four terminals in southern Malaysia as part of the free-on-board (FOB) Straits oil benchmark pricing which is the process of price assessment for refined oil products.
The four terminals are Pasir Gudang, Tanjung Langsat, Pengerang and Tanjung Bin.
In a statement yesterday, MPRC said with the FOB Straits, market participants would have broader options for loading terminals from which to meet an approved FOB Straits bid.
“As a result, all market participants will benefit from a more efficient market with more transparent price discovery,” it said.
Platts is a global energy, petrochemicals and metals information provider with a premier source of benchmark price reference.
…
Leave a Comment » | Malaysia, oil and gas | Tagged: MPRC, Pasir Gudang, Pengerang, Tanjung Bin, tanjung langsat | Permalink
Posted by Wata
You know the duit raya you received? Maybe now is a good time to think of investing in O&G stocks.
Dateline 2015-07-06, Borneo Post:
Analysts expect the second quarter 2015 (2Q15) results for oil and gas (O&G) companies to continue to be weak, reflecting slower activities and vessel utilisations.
Kenanga Investment Bank Bhd’s research arm (Kenanga Research) in a report, said the full effect of rate cuts is expected to only be felt earliest in the second half of 2015 (2H15) and will mainly affect Petronas-dependent stocks as compromise for discounts on existing contracts could be finalised during that time period.
However, it pointed out, “We expect contract flows to be stronger in 2H15 compared to 1H15 as oil prices stabilises and oil majors finished recalibrating their capital expenditure (capex) plans to operate optimally under the current oil price scenario.”
The research team, nevertheless, believed the overall, earnings for the sector in general are expected to decline year-on-year.
…
Leave a Comment » | investment, Malaysia, oil and gas | Permalink
Posted by Wata
MOGEC will be hosting a 1 day course (our second in my memory) on the 9th September, 2015. It is worth 6.5 CPD points, and held at Saloma Bistro. Since I’m giving it, I expect hoards will have to be turned away at the gates.
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.
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
Contact MOGEC directly, Apparently, I don’t rate a space on the site.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: course, HAZOP, mogec, razmahwata | Permalink
Posted by Wata
PETRONAS expects a 30% cost cut from suppliers with the same amount of goods, blood and payback, yet multinationals are still shelling out bonuses. Oi, boss, where’s my bonus?
Dateline 2015-07-06, The Star:
Notwithstanding the plunge in oil prices last year, nearly all global oil and gas (O&G) companies expect to pay about the same, if not larger, bonuses this year.According to a global survey by professional services company Towers Watson, 90% of the O&G firms planned the same bonus payout as the previous year, if not more.How about Malaysia? Well, all companies surveyed here will be paying out bonuses, with more than half planning to pay higher bonuses compared to the year before.In Asia-Pacific, 66% of O&G firms are expecting to pay larger bonuses than last year – higher than in Latin America (60%), EMEA (Europe, Middle East and Africa) (50%), and North America (about 30%).…
Leave a Comment » | Malaysia, oil and gas | Tagged: bonuses | Permalink
Posted by Wata
Dateline 2015-07-02, Malaysiakini:
Petrol prices at the pump have gone up by 10 sen to RM2.15 per litre for RON95 and 20 sen to RM2.55 for RON97 for the month of July 2015. This is despite the price of Brent crude oil per barrel trending downwards for the month of June 2015 versus May 2015.
However, retail petrol prices have gone up because the price of Brent per barrel is only one component out of several which go into the calculation of the Mean of Platts Singapore (MOPS) benchmark price which is used under Malaysia’s managed float system which came into place on Dec 1, 2014.
From then onwards, retail petrol prices are set based on a month-to-month basis based on an average of MOPS prices plus a fixed margin for oil companies and retailers.
…
Leave a Comment » | Malaysia, oil and gas | Tagged: gas price, petrol | Permalink
Posted by Wata
It was the fasting month, so don’t expect a walking travelogue.
Leave a Comment » | oil and gas | Tagged: Busan, HAZOP, SIL | Permalink
Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 