More food in Lahat.
Marketing Rounds – Food in Lahat
April 1, 2015
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oil and gas | Tagged: Lahat | 
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Posted by Wata
‘Low oil price needs relook at strategies’
March 31, 2015Dateline 2015-01-29, Borneo Post Online:
With the high supply, advancement of technology and slowing demand in the crude oil industry, it is necessary for industry players to relook at their strategies and approaches.
According to Mazuin Ismail, vice president of Technical Global, Upstream Business, Petronas Malaysia, demand is slowing and Organization of the Petroleum Exporting Countries (OPEC) is not being able to control it too much.
As such, the period of low oil price is likely to persist over the next few years.
“When we look at the prolonged period of oil price, we believe this will ‘stress test’ the industry because of the lower price. We have seen how it is reported that capital flight as much as US$500 billion has taken place.
…
Leave a Comment » | Malaysia, oil and gas | Tagged: Mazuin Ismail, Petronas | Permalink
Posted by Wata
Saturday Star 2015-03-28 – Job Opportunities
March 30, 2015Happy GST day. Please don’t audit 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.
- Nothing in the papers today.
- An associate of mine is looking for a technical safety part-time adviser. 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.
- Hess is still looking for a measurement and allocation engineer.
- Nothing else this week
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 if you visit Vietnam, how about visiting and updating GoHalalVietnam! for your food needs. For your other needs, talk to your local tour guide/ concierge / man on the street.
As crude prices are low, you need all the help you can get to nail that elusive 2k job:
Social Engineering: The Art of Human Hacking, Ghost in the Wires: My Adventures as the World’s Most Wanted Hacker, The Art of Deception: Controlling the Human Element of Security
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: Bookalicious, Hess | Permalink
Posted by Wata
Malaysia hab ERCS di Asia Tenggara
March 29, 2015Who is Wild Geese? And do I see an OIMS badge?
SYARIKAT Wild Geese Group Sdn. Bhd. (Wild Geese) yang menyediakan pusat perkhidmatan maklum balas kecemasan (ERCS) khas untuk pemain industri minyak dan gas dunia membuka habnya di negara ini baru-baru ini.
Perkhidmatan yang berpangkalan di Kuala Lumpur itu merupakan yang pertama di Asia Tenggara dan kedua di seluruh dunia dijangka memberi kelebihan kepada pelantar minyak dan gas di sekitar Malaysia serta negara serantau.
Ketua Pegawai Eksekutif Kumpulan Wild Geese, Tim Allsop berkata, kewujudan hab itu berfungsi sebagai perkhidmatan luaran untuk tindak balas kecemasan di pelantar bertujuan meminimumkan jumlah kecederaan dan menyelesaikan kecemasan pada kadar segera.
…
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Posted by Wata
Malaysia’s diversified economy can cushion lower oil price impact
March 28, 2015Really?
Dateline 2015-01-25, TMI:
Malaysia’s diversified economy provides a significant cushion so that the magnitude of the impact from lower oil prices is relatively limited, said the World Bank.
Senior country economist for Malaysia, Dr Frederico Gil Sander, said the impact of weakening oil prices would also be offset by the implementation of the Goods and Services Tax and raising revenue from other taxes that were not related to oil and gas (O&G).
“Of course, the oil price slump still creates challenges, but these are much more manageable compared to countries where oil revenues reach 95% of government receipts,” he told Bernama.
…
Leave a Comment » | Malaysia | Permalink
Posted by Wata
Oil and gas worry in Labuan
March 27, 2015Are part of the layin’ and slashin’?
Dateline 2015-01-23, Daily Express:
The continuing downtrend in crude oil prices which has dumbfounded even the industry’s biggest players is causing an uncomfortable feeling among hundreds here depending on the sector.
Especially now that the world’s leading oil-field services company Schlumberger is laying off 9,000 workers and slashing its global workforce by seven per cent and Halliburton, another giant, laying off 1,000 workers in the “Eastern Hemisphere”.
Both these companies have a strong presence here and have been in operation for years. Halliburton even has its own warehouse and hundreds of workers under its payroll, most of whom are highly paid.
There are about 5,000 people engaged in the oil and gas sector with the Asian Supply Base (ASB) alone having 9,000 direct staff and another 4,000 employees with supporting companies mostly using the base.
Apart from Halliburton and Schlumberger, there are production sharing companies like Shell, Petronas, Murphy Oil, Nippon Oil, Armeda Hazz, Newfield and Petronas-Carigali.
…
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Posted by Wata
Putrajaya’s 2015 oil price forecast ‘not unreasonable’, analysts say
March 26, 2015Now, check the actual price of oil.
Dateline 2015-01-22, Malay Mail:
Economists and industry observers have supported Putrajaya’s move to pegging its revised Budget 2015 to an optimistic oil price forecast of US$55 (RM198.5) per barrel, saying it was not an unreasonable estimate.
Although acknowledging that global prices have already dropped below US$50 per barrel instead of recovering, the analysts said predicting an annual price would be “inherently difficult” and agreed that US$55 is a realistic forecast.
“According to the most recent figures from oil futures markets, prices are expected to average about US$54 per barrel in 2015. The assumption (of US$55 per barrel), therefore, does seem realistic,” said World Bank’s senior economist for Malaysia Dr Frederico Gil Sander.
“Nevertheless, it is important for the government to be prepared in case of both higher and lower prices of oil.”
…
Leave a Comment » | Malaysia, oil and gas | Permalink
Posted by Wata
Marketing Rounds – Light Snack
March 25, 2015Hey, when in Lahat …
Leave a Comment » | oil and gas | Tagged: Lahat | Permalink
Posted by Wata
Anniversary – Exxon Valdez
March 24, 2015EPMI engineers never forget.
Leave a Comment » | oil and gas | Tagged: Exxon Valdez, Prince William Sound | Permalink
Posted by Wata
Saturday Star 2015-03-21 – Job Opportunities
March 23, 2015Happy GDPS day. No, not GPS. 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.
- Nothing in the papers today.
- An associate of mine is looking for a technical safety part-time adviser. 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.
- Hess is still looking for a measurement and allocation engineer.
- Nothing else this week
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 if you visit Vietnam, how about visiting and updating GoHalalVietnam! for your food needs. For your other needs, talk to your local tour guide/ concierge / man on the street.
As crude prices are low, you need all the help you can get to nail that elusive 2k job:
Social Engineering: The Art of Human Hacking, Ghost in the Wires: My Adventures as the World’s Most Wanted Hacker, The Art of Deception: Controlling the Human Element of Security
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: Bookalicious, Hess | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 