I was honoured to be a judge at Taylor’s for this event.
Taylor’s Engineering Fair 2014
January 28, 2015
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Malaysia and Singapore urged to develop as Asian LNG hub
January 27, 2015Dateline 2014-11-19, NST:
Malaysia and Singapore need to develop an Asian liquefied natural gas (LNG) hub as a platform to provide an economically sustainable energy solution to Asian countries.
Chief Executive Officer of Singapore’s Pavilion Energy, Seah Moon Ming said the initiative could facilitate transparent LNG pricing and price discovery, leading to an Asian LNG Price Marker as well as development of financial instruments such as LNG future contracts.
“It is timely for the two countries to work together towards an Asian LNG hub as their locations in the Straits of Malacca and South China Sea are host to some of the world’s vital sea lanes with about 50 per cent of global LNG supplies passing through each year.
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Saturday Star 2015-01-24 – Job Opportunities
January 26, 2015Happy Happy Week. 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 lining up jobs for next quarter, for IGL Services. Whisper to (better yet, carpe jugulum) your boss, and send work my way.
- Nothing this week. Must be the calm before the USD35/barrel oil. Track prices here. Anyone have a spare hypertanker they can spare, that I can park offshore Cape Puchong?
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.
Extract from my book choice of the week:
“I am impressed by his argument: ‘When you have eliminated the impossible, then whatever remains, how ever improbable, must be -‘
“-wrong,” Soames brusquely completed my sentence.
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Lundin plugs and abandons Kitabu-1 offshore Malaysia
January 25, 2015Dateline 2014-11-18, Oil & Gas Technology:
The primary reservoir interval resulted in being a poor quality siltstone, and no hydrocarbon shows were encountered in the well
Lundin Petroleum AB (Lundin Petroleum) has completed the Kitabu-1 well located in Blocks SB307/SB308, offshore Sabah, Malaysia.
The well has reached planned total depth of 2,270 metres and is to be plugged and abandoned as a dry hole.
Objectives of the Kitabu-1 well were Miocene aged turbidite sands of similar age to the Shell operated South Furious 30 oil field, approximately four kilometres to the north.
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Petronas to review future capex on weak oil prices
January 24, 2015Dateline 2014-11-18, NST:
PETROLIAM Nasional Bhd (PETRONAS) is reviewing its future capital expenditure (capex) in light of the declining oil price, said its executive vice-president and chief executive officer of upstream Datuk Wee Yiaw Hin.
The future capex could potentially be streamlined, he said at a media briefing on the upcoming eight International Petroleum Technology Conference (IPTC).
“Exploration and production (E&P) business is a long-term business, so volatility in oil price is something we need to manage.
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Contingency plan needed in view of declining crude oil prices, DAP tells Najib
January 23, 2015Dateline 2014-11-17, The Malaysian Insider:
DAP lawmaker Liew Chin Tong today called on Prime Minister Datuk Seri Najib Razak to present a revised Budget 2015 or a contingency plan to take into consideration the declining prices of crude oil, which would severely dent the government’s revenue.
He said that Najib should at least present to parliament his plans if faced with three scenarios: of crude oil prices dropping to US$80 (RM267.40), US$70 (RM233.90) or US$60 (RM200.50) per barrel.
“The government had estimated its 2014 revenue with the crude oil price at US$110 (RM367.60) per barrel and US$105 (RM351) per barrel for 2015,” he said in a statement today.
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UTP – NACES 2014
January 22, 2015I was honoured to be appointed a Judge during the event (Stallone voice now, “I AM DELAW!“).
I was a Judge for the Technical Video Competition and Technical Powerpoint Competition. The Videos can be seen on Youtube. Go visit the videos, and say Wata says Hi.
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- Prof. Dr. Mohamed Ibrahim Abdul Mutalib
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- Prof. Dr. Mohamed Ibrahim Abdul Mutalib
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- Ir. David Lai Kong Phooi
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Najib assures Sabah of more oil and gas revenue – Bernama
January 21, 2015Dateline 2014-11-15, The Malaysian Insider:
Datuk Seri Najib Razak (pic) has assured Sabah that it would continue to get more revenue from its oil and gas resources.
The prime minister said apart from the oil and gas royalty of five per cent, Sabah was also given a 10% stake in Petronas LNG Train 9 Sdn Bhd in Bintulu, Sarawak, which would generate an additional revenue to the state and its people.
“That is why I had said, you can make a request, but let us negotiate and we have a formula that Sabah would receive more from the oil and gas revenue. This has been clarified by chief minister Datuk Musa Aman,” he said when opening the Pasokmomogun Kadazandusun Murut Organisation (UPKO) Convention in Kota Kinabalu, today.
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A Random Thought – Disaster Recovery Effort
January 20, 2015Caveat: this has no direct bearing on engineering, though you are welcome to give it an engineering slant. And I’ve posted this on The Facebook already.
In light of the recent flood situation and other disasters, may I suggest a way to help the affected areas post immediate relief efforts (keep supporting this, by all means)? If the infrastructure can support it, consider refec-tourism (my term, from refectio, to recover). Go plan your next holiday (and your company away day / management waste of… er strategic planning retreat) in the affected areas, and spend money on local trades, crafts and services. For example:
- Making holiday bookings via local, physical agents (Y’know, before Al Gore invented the Internets?)
- Eat at local stalls or establishments. You have your favourites
- Stay at places that are locally owned, and source local resources, example homestays.
- Rent local transport, to keep key arteries in and out open. Be a solution, not a pain the glutus maximus.
- Buy a bit more local products, handicrafts (airport?). Do your homework before you go.
- If you feel like it, bring along clothes, use them, get them laundered. and give them away when you leave.
- Donate a bit more while you are there.
- Tip generously and appropriately
I would suggest this is much more beneficial to your countryman then that overseas trip you planned in March. Take as many selfies as you wish.
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Gas Malaysia nets RM53.8m
January 20, 2015Dateline 2014-11-12, NST:
GAS Malaysia Bhd’s net profit jumped 16.5 per cent to RM53.8 million in the third quarter ended September 30 from a year ago, due to higher gas sales and the upward revision of natural gas tariff.
Revenue for the quarter also grew significantly by 25.8 per cent to RM734.4 million, said the natural gas distributor in a filing to Bursa Malaysia yesterday.
For the nine-month period, net profit rose 9.9 per cent to RM144.3 million, while revenue jumped 16.3 per cent to RM1.99 billion, also due to higher volume of gas sold and the higher natural gas tariff.
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Wata - Malaysian Oil and Gas Engineer 