I was honoured with the opportunity to present to UTP undergraduates. I hoped they weren’t too scarred from the experience. And thank you for allowing me to create the ‘cold, lonely transmitter’ scenario on the spot.
UTP Lecture – Safety and HAZOP
January 8, 2015
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O&G firms going ahead with spending and plans despite low oil prices
January 7, 2015Outdated?
Dateline 2014-11-01, The Star:
WITH the oil and gas (O&G) sector being one of the crucial sectors for the Malaysian economy and stock market, the downward spiral of oil prices in the last four months have left many jittery.
Sure, many were already aware of the steady build-up of oil supply in North America and the softening demand in Europe and Asia. Then there were also geopolitical tensions in the Middle East.
While oil prices had been slowly nudging downward throughout the year, the sudden almost 30% drop in the last few weeks caught many by surprise.
On Oct 1, Saudi Arabia lowered prices on its crude exports to Asia. This move signalled that the world’s largest exporter was looking to defend its market share rather than buttress prices.
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Saturday Star 2015-01-03 – Job Opportunities
January 5, 2015Happy Writing Wrong Check Dates 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.
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.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: Bookalicious, IGL | Permalink
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Low prices won’t hurt M’sian O&G companies
January 4, 2015Track the liquid gold here.
Dateline 2014-10-31, The Star:
Malaysia’s oil and gas (O&G) sector could very well remain immune to falling oil prices as it continues to be bolstered by monies flowing from Petroliam Nasional Bhd (Petronas).
CIMB Research said it expected Petronas’ spending to continue flowing to refiners as well as O&G service companies.
It also said the shale gas revolution, which was one of the contributing factors for the decline in the oil price, was positive for liquefied natural gas (LNG), liquefied petroleum gas and ethane shipping products.
This would translate into stronger order prospects for gas carriers and product and chemical tankers, CIMB Research said.
Brent crude, the global benchmark, declined to US$82.60 a barrel on Oct 16, the lowest in almost four years.
…
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M’sia to benefit from fall in oil prices
January 3, 2015Hah!
Dateline 2014-11-05, Free Malaysia Today:
A research house has said that while the decline in oil prices will have a positive impact on Malaysia’s trade surplus due to its position as a net oil importer since January this year, it would likely be insignificant given the small oil trade deficit.
RHB Research said Malaysia turned into a net oil importer this year when it imported a net amount of RM3 billion in the first eight months of 2014 compared with a net export of RM2.1 billion in the same period last year.
“We estimate that for every US$10 per barrel fall in the average crude oil price, government revenues would be reduced by RM4 billion, but this would be mitigated by a corresponding reduction in expenditure through a lower fuel subsidy bill, with a potential reduction of RM2.5 billion,” it said in a statement Tuesday.
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AmResearch optimistic of Petronas Gas
January 2, 2015Dateline 2014-11-06, Yahoo News:
AMRESEARCH expects Petronas Gas Bhd to reach a final investment decision (FID) on the Pengerang liquefied natural gas regasification terminal (RGT) by the end of the year, following Petronas’ FID for the Refinery and Petrochemical Integrated Development (Rapid).
AmResearch’s optimism is hinged on the fact that Petronas Gas will likely hold the controlling equity stake in the RGT while its other partners, possibly Dialog and Vopak, will have the remaining stake.
AmResearch is sticking to its “hold” call on Petronas Gas with an unchanged fair value of RM24.40 per share, implying a 2015 price to earnings ratio of 27 times.
…
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Malaysia takes advantage of falling global prices
January 1, 2015Dateline 2014-10-30, Energy Global:
According to Business Monitor International (BMI), the Malaysian government is taking advantage of the falling global oil and fuel prices in the past month to continue its steady reduction of fuel subsidies, with a subsidy cut for RON95 petrol and diesel implemented in October.
Prices for the two fuels rose by US$ 0.06/ltr each. This is the second significant move to tackle fuel subsidies in Malaysia over the past four years; in Q4 2013, the government cut fuel subsidies by approximately US$ 0.06/ltr for the first time in more than two years, as part of its wider efforts at reducing its budget deficit.
Malaysia’s fiscal deficit of 4.5% of GDP was the second highest among Asia’s 13 emerging markets in 2012 according to an IISD report, coming second only to India. The country’s official target is to narrow its fiscal deficit to 3.0% in 2015, with hopes for a balanced budget by 2020. In addition, Malaysia’s national debt is widening. It is the second highest among Asian emerging markets after Sri Lanka, standing at a debt to GDP ratio of approximately 53.3% in 2012.
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HAZOP Course – IEM
December 31, 2014Here were the attendees of the course on the 20th November, 2014. Where were you? And have you pre-booked for the next magnanimous event?
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M’sia to lose billions with oil price fall
December 30, 2014Dateline 2014-10-28, Free Malaysia Today:
One of the Black Swan events that the current budget did not anticipate is the fall in oil prices.
The Black Swan Theory, developed by Nassim Nicholas Taleb, is a metaphor that describes an event of major significance that comes as a surprise. Often psychological biases prevent people from comprehending or anticipating those events individually and collectively.
While the Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah is still talking about having a multi-tiered fuel pricing mechanism, which is essentially a contract for the boys, the Finance Ministry should be concerned with the prospect of failing oil prices.
In my Parliamentary Speech yesterday evening, I called on Prime Minister and Finance Minister Dato Seri Najib Razak to present a ministerial statement on what impact the falling crude oil prices will have on Budget 2015.
…
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Saturday Star 2014-12-27 – Job Opportunities
December 29, 2014Happy Umrah 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.
- You are welcome to write on open positions in the comments.
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 16 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
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: Bookalicious, IGL | Permalink
Posted by Wata
