Dateline 2014-06-30, Oil & Gas Technology:
Petrogas begins Malaysia onshore 2D seismic survey
September 12, 2014
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Malaysian government moves to stop fuel subsidy abuse
September 11, 2014Dateline 2014-06-30, China Post:
The Malaysian government will set a fixed volume of diesel that gas stations can sell in a move to curb abuses of the country’s fuel subsidy scheme.
Gas station operators would also need to submit monthly reports of their diesel and RON 95 gasoline sale to the Domestic Trade, Cooperative and Consumerism Ministry, said its secretary-general Datuk Seri Alias Ahmad.This was among a slew of measures being introduced nationwide starting Aug. 1 in a bid to prevent further abuses of the subsidy scheme.
Alias warned that erring traders would be permanently blacklisted.
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Who is Petro Canada?
September 10, 2014I have seen a disproportionate share of Petro Canada vans on the roads, here in the Golden Chersonese. A bit of background, then.
PC Lube (M) Sdn Bhd is the authorised distributor of Petro-Canada’s Transportation Lubricants in Malaysia, Singapore and Brunei; Petro-Canada produces over 350 innovative Lubricants, specialty Fluids and Greases that deliver greater purity, durability, multi-functionality and performance. PC Lube (M) Sdn Bhd offer Lutbricant solutions that protects your equipment, reduces downtime, increases productivity as well as saving your money.
A Distributor of Petro-Canada lubes
Heh, not much on them. Have you seen Petro-Canada products in the wild?
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Cap Petronas’;s dividends to Putrajaya, says Selangor rep
September 9, 2014Dateline 2014-06-28, MSN (that’ a first):
Petronas’s dividends to Putrajaya should be capped to ensure the national oil and gas company would continue to grow in the long run, a Selangor lawmaker said today.
Damansara Utama assemblywoman Yeo Bee Yin said between 2008 and 2012, Petronas paid 55% to 68% of their profits to Putrajaya in the form of dividends.
“The average percentage of payouts of national oil companies around the world is only 38%.
“In order to ensure Petronas’s long-term growth, it is time to amend Section 4 of the Petroleum Development Act 1974 to cap Petronas’s dividends,” she said in a statement today.
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BEM – Roadshow 2014 2015
September 8, 2014Roll up, roll up! The BEM has a new roadshow. Cotton candy and scary clowns not supplied.
The Board of Engineers Malaysia will be organising a 2014-2015 Roadshow commencing September 2014 at the following locations:
| DATE | LOCATION |
| 29 SEPTEMBER 2014 | KUALA LUMPUR |
| 20 OCTOBER 2014 | PULAU PINANG |
| 24 NOVEMBER 2014 | JOHOR BAHRU |
| 2015 | KOTA BHARU |
| 2015 | KOTA KINABALU |
| 2015 | MELAKA |
| 2015 | KUCHING |
| 2015 | MIRI |
| 2015 | KUANTAN |
| 2015 | IPOH |
| 2015 | PETALING JAYA |
The objective of the Roadshow is to highlight the amendments to the Registration of Engineers Act, educate and update engineers on the role, responsibilities and accountabilities of Professional Engineers in the Construction Industry and to comply strictly with acts, regulations, policies, circulars, codes and specifications governing the profession.Click HERE for further details.
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Saturday Star 2014-09-06 – Job Opportunities
September 8, 2014
Talbiyah (from 123muslim.com)
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 need RM360 to get The Star ePaper. Or go to Hajj, whichever you prefer
- I’m lining up jobs for next quarter, for IGL Services. Whisper to (better yet, carpe jugulum) your boss, and send work my way.
- I’m looking for a lead process engineer, for a one year secondment with a fabrication company. Send your CV with rates my way.
- Nothing interesting in the papers 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.
The newest book in the Dresden File series is out. Magic + pop culture + Star Wars references, beat that!
White Night (The Dresden Files, Book 9), Cold Days (Dresden Files), Skin Game (Dresden Files)
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Extract from “Young Turks” – Carigali
September 7, 2014Formation of Carigali:
Carigali was formed in 1978. This is how PETRONAS spent the money collected from the multinational oil companies, after paying taxes and dividends to the government of course
…
Visit here and buy books so I have some spending money.
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HOW SAFE? Johor reclamation project TWICE the size of Ang Mo Kio to ‘create oil storage hub’
September 7, 2014What you don’t realise, is that we want to reclaim land up to Batu Puteh. Go, Johor!
Dateline 2014-06-27, Malaysia Chronicle:
One of the two massive reclamation projects coming up in the Johor Strait will be turned into an oil storage hub to capture spill-over oil and gas business from Singapore, an official with the company involved in the works said yesterday.
The project involving Benalec Holdings will raise a 1,410ha man-made island near Jurong Island, the firm’s chief operating officer Bernard Boey told The Straits Times.
The reclamation is expected to begin before the end of the year.
The project, located off Johor’s Tanjung Piai coast, is roughly twice the size of Ang Mo Kio.
…
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Sabah NGO: No tricks please, it’s our oil!
September 6, 2014Oo, Perkasa is an ‘extremist fringe group’. This comment is made by a group that doesn’t feel safe enough to operate in Malaysia.
Dateline 2014-06-27, FMT:
The UK-based Borneo’s Plight in Malaysia Foundation (BoPIM), a human rights organisation on Sabah, Sarawak rights issues, has expressed dismay that the national oil corporation Petronas and an extremist fringe group in the corridors of power are engaged in a war of words over who owns the country’s oil and gas resources.
“There are no two ways about it,” said BoPIM President Daniel John Jambun in a telephone call to FMT in Kota Kinabalu. “The oil and gas reserves in the country belong, by and large, to the people of Sabah and Sarawak and no one in the peninsula should imagine that it belongs exclusively to their community.”
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Asia’s Rising Resilience to Oil Prices
September 5, 2014Go, Malaysia. And Petrofac.
Dateline 2014-06-26, The Wall Street Journal:
With fighting in Iraq threatening to drive oil prices higher, Asia’s external balances could come under pressure.
Brent crude hit $115 per barrel last week and the risk of a further rise can’t be discounted due to the deteriorating security situation in Iraq, which has large oil reserves and controls roughly 3% of global supplies, largely through its southern fields around Basra.
India, China and South Korea are among the Asian economies that rely heavily on oil from Iraq, but spillovers will affect the entire region, as Asia’s industrialized, exporting countries are large net importers of oil. Malaysia is the region’s only net exporter of energy commodities, making it a beneficiary of higher oil prices (note that we do not adjust our analysis for the possibility that demand could fall as oil prices rise).
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Wata - Malaysian Oil and Gas Engineer 