Kelantan losing out from ambiguities in Petroleum Act

December 6, 2014

Dateline 2014-09-27, FMT:

Oil and gas expert Anas Alam Faizli said ambiguities in the Petroleum Development Act of 1974 (PDA) must be sorted out, as different parties were interpreting it differently.

Speaking to FMT, Anas said, “There are now a host of different interpretations and ambiguities in relation to what documents can be applied to resolve the issue which is the main cause of concern. If this is not addressed there will be no end to this.

Anas said this in regard to Kelantan’s oil royalty dispute in which one party claimed there was no need for royalty payments to Kelantan.

Explaining it in greater detail, Anas said, ”Others may argue, that the Assignment Deed, and the Vesting Grant 1975/1976 supersedes the law, which then conflicts with views by other experts who may interpret it differently based on their perspective of the Federal Constitution or the Petroleum Act.”

…

Leave a Comment » | Malaysia, Malaysian election, oil and gas | Tagged: , , , | Permalink
Posted by Wata

This Is Only The 3rd Oil Project Of Its Kind, Ever

December 5, 2014

Dateline 2014-09-25, Oilprice.com:

The petroleum world witnessed a historic event this week. With a new type of oil production project becoming operational for just the third time in history.

That’s a type of operation known as a “risk service contract” or RSC. Which is becoming a go-to vehicle in Malaysia, for the development of that country’s offshore regime.

This month Malaysia’s state oil firm Petronas said that the Banang offshore oil field has gone to production under a risk service contract. Part of a larger field development known simply as the “KBM” cluster. A project that was being advanced by U.S. outfit Coastal Energy, which was purchased last year by the government of Abu Dhabi.

…

Leave a Comment » | Malaysia, oil and gas | Tagged: , , , , | Permalink
Posted by Wata

IEM Shout Out – OGMTD 24th AGM

December 4, 2014

The Oil, Gas and Mining Technical Division AGM will be held at Wisma IEM C&S Lecture Room, Second Floor

It will be held at 11am on Saturday, 13th December 2013.

Register here, and download the flyer here. A map to Wisma IEM is presented here.

Since I’m the Advisor, come, y’all and heckle us. We also need a quorum, and need to vote in a new secretary / treasurer.

Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: , | Permalink
Posted by Wata

MOGEC – HAZOP Course 2014-10

December 3, 2014

MOGEC conducted a HAZOP course at Saloma Bistro (yes, that isn’t a typo). Will you turn up to the next one? Or any of our events?

And you if you can’t see who attended:

HAZOP 2014-10 Group

Leave a Comment » | Malaysia, oil and gas | Tagged: , , | Permalink
Posted by Wata

Anniversary – Bhopal Disaster

December 3, 2014

Chemical Engineers never forget.

Photos.

Leave a Comment » | Chemical | Tagged: | Permalink
Posted by Wata

Lundin Petroleum acquires interest in block offshore Malaysia

December 2, 2014

Did you know that the Oil & Gas Journal has been published  since 1902? Someone gift me a subscription. And who are E&P Malaysia Venture?

Dateline 2014-09-25:

Lundin Malaysia BV, a wholly owned unit of Lundin Petroleum AB, has entered into agreements to acquire 50% interest in PM328, and operatorship of the block, from Petronas Carigali. The effective date of the transaction Aug. 31.

PM328 lies offshore Malaysia, northeast of PM307, which is also operated by Lundin Malaysia. PM328 covers an area of 5,600 sq km.

The initial production-sharing contract term is for 3 years. Within the first 18 months, Lundin Malaysia has committed to undertake the acquisition of 600 sq km of 3D seismic. Lundin Malaysia then has the option to commit to drilling one well in the remaining 18 months, or elect to hand back its interests to Petronas without penalty.

The remaining interest in the block will be held by Petronas (40%) and E&P Malaysia Venture Sdn. Bhd. (10%).

Leave a Comment » | Malaysia, oil and gas | Tagged: , , | Permalink
Posted by Wata

Saturday Star 2014-11-29 – Job Opportunities

December 1, 2014

Happy School Holidays. 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 want to go for umrah.

  • I’m lining up jobs for next quarter, for IGL Services. Whisper to (better yet, carpe jugulum) your boss, and send work my way.
  • Carigali Hess is looking for a Senior Mechanical Engineer, Rotating Machinery Engineer. Send your exaggerations here,  with a detailed resume stating references, expected remuneration, contact telephone and email address, before 13th December, 2014.
  • I hear that Technip is still looking for project managers, senior project engineers, project engineers for Libra FPSO Project & Rapid. > 5 years experience. Send CVs to me, and a donation, and I’ll forward it on. Or save yourself some money, and send it to Technip directly.

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.

How about some references to improve your health? I’ve been on this plan for about 12 weeks. Muscles have moved from buttery to rubbery.

You Are Your Own Gym: The Bible of Bodyweight Exercises, Body by You: The You Are Your Own Gym Guide to Total Women’s Fitness, 100 No-Equipment Workouts

2 Comments | engineering, Malaysia, oil and gas | Tagged: , , , | Permalink
Posted by Wata

Top Talents Meet At Oil & Gas Exhibition (MOGSEC 2014)

November 30, 2014

Dateline 2014-09-26, MalaysiaDigest:

An initiative by the Malaysia Petroleum Resources Corporation (MPRC) to set up a University Pavilion at an oil and gas event to promote direct industry-academia discussion was a success with the participation of six local universities.

This pavilion was well patronised at the three-day Second Malaysia Oil and Gas Services Exhibition and Conference (MOGSEC 2014) which ended on Thursday at the Kuala Lumpur Convention Centre. The event saw hundreds of top executives, including those in charge of recruitment and human capital management, checking out the many booths and display areas.

…

 

Leave a Comment » | Malaysia | Tagged: , , | Permalink
Posted by Wata

RM430 million from Petronas to safeguard Sabah

November 29, 2014

Anyone remember OCP? We await ED-209 at Esszone.

Dateline 2014-09-22, FMT:

Petronas, the national oil corporation, will spend an estimated RM430 million on two forward operation bases in Sabah to help beef up security along the eastern seaboard, the Eastern Sabah Security Zone (Esszone) protected by the Eastern Sabah Security Command (Esscom).

One security base, costing RM230 million, would be located at a disused oil rig.

The other, costing RM200 million, would be located at the Bunga Mas Lima ship.

…

 

Leave a Comment » | Malaysia | Tagged: , | Permalink
Posted by Wata

Mustapa challenges Kelantan govt to show proof for oil royalty claim

November 28, 2014

Dateline 2014-09-14, Malay Mail:

Kelantan Barisan Nasional (BN) chairman Datuk Seri Mustapa Mohamed today challenged the PAS-led state government to show proof for the oil royalty claim bandied about by the party.

“The state government claimed that the Federal Government had denied their right to receive the oil royalty. This is a big lie. They have no right.

“We challenge them to show proof that the Federal Government must pay RM12 billion in oil royalties to Kelantan,” he said during a political talk in Tebing here, tonight.

…

Leave a Comment » | Malaysia, Malaysian election, oil and gas | Tagged: | Permalink
Posted by Wata

« Previous Entries
Next Entries »