Engineers told to grab business opportunities

November 6, 2014

Dateline 2014-08-18, The Borneo Post:

Engineers in Sabah should not be waiting for jobs in the oil and gas sector from Petronas, but act as entrepreneurs and grab opportunities available, said Industrial Development Minister Datuk Raymond Tan Shu Kiah.

He said that to wait for Petronas to provide jobs for local engineers is a long wait, however, the oil and gas activities in Sabah have generated many opportunites for the local engineers to grab.

“I am telling the engineers that they are good businessmen, and they should grab the opportunities created from the development resulting from the oil and gas industry in the State to make money and grow,” he said at a press conference during the Association of Consulting Engineers Malaysia (ACEM) Sabah Branch 2014 biennial dinner.

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Waiting Room – Paka

November 5, 2014

Some waiting rooms are nicer than others.

IMG_20140911_143207_HDR IMG_20140911_144923_HDR

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IEM Shout Out – Full-Day HAZOP Training For Team Members – A Practical Approach

November 4, 2014

My technical division will be hosting a 1 day seminar on the 20th November, 2014. It is worth 6.5 CPD points, and held at Wisma IEM. Since I’m giving it, I expect hoards will have to be turned away at the gates. And it’s a big room, so I need to fill the seats.

A Hazard and Operability study is a formal and systematic and detailed examination of the process and engineering intentions of new or existing facilities which assesses the hazard potential and effects on the facility as a whole when operation is outside of the design envelope, or individual items of equipment malfunction.

This course is designed to educate participants in the HAZOP process from the perspective of a HAZOP team member. It is meant to provide both instruction and workshop sessions so that the participants:

  • Are familiar with the concept of ‘risk’
  • Are familiar with the theory behind HAZOP
  • Are familiar with the actual HAZOP workshop process
  • Have expectations as to what the HAZOP will (and won’t provide)
  • Understand what deliverables can be expected from a HAZOP
  • Have the opportunity to participate in HAZOP exercise in a safe environment
  • Opportunity to share HAZOP experiences

At the end of the session, the participants should:

  • Understand the responsibilities of all parties in the HAZOP
  • Have experience in a HAZOP session.
  • Understand the outcomes from a HAZOP session

Wata has 19 years of experience in the oil and gas industry, in both design and operations.

Register here, or download the form here.

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BEM – Roadshow 2014 2015

November 4, 2014

Roll 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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Extract from “Young Turks” – Know How

November 3, 2014

The reason is that they have technical know-how. That was something we did not have. We thought, if we just give them the oil field, we will always need them because we cannot do it ourselves. We decided that along the way, we must design a policy that allows the transfer of technology to Malaysian companies while they are still producing the oil.

Visit here and buy books so I have some spending money.

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Posted by Wata

Saturday Star 2014-11-01 – Job Opportunities

November 3, 2014

Happy new year 1436 AH. 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 umrah, 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.
  • Nothing interesting this week, though I hear that Technip is still looking for 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?

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

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Malaysian regulator rejects $317 mln oil and gas IPO – IFR

November 2, 2014

Why now? Did Matrix not have access to the right pockets? Please note the words ‘blank cheque’.

Dateline 2014-08-15, Reuters:

Malaysia’s securities regulator rejected a $317 million initial public offering of Matrix Capacity Petroleum, IFR reported on Friday, citing a source familiar with the deal.

The deal would be the biggest in the country for a special purpose acquisition company (SPAC), also known as blank check IPOs because companies raise money through the stock market without a single asset on their books.

Matrix Capacity planned to launch the IPO in the second half of 2014 and use the funds to buy oil and gas assets, added IFR, a Thomson Reuters publication. Malaysia’s Securities Commission didn’t immediately return a request for comment on the decision, IFR said.

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UPKO tells PETRONAS to stay out

November 1, 2014

Yeah, PETRONAS. I’d set up some more security around Menara PETRONAS, in case there are ‘untold incidents’. Or move Menara further into the suburbs.

Dateline 2014-08-14, Free Malaysia Today:

The United Pasok Momogun KadazanDusunMurut Organisation (Upko), which recently urged the federal government to hand over its five per cent oil royalty to the Sabah government has come up with new demands.

The party now wants Petronas, the national corporation, to confine itself to the peninsula if it can’t meet a 20 per cent oil royalty demand by Sabah.

It also wants the National Petroleum Advisory Council, provided under Clause (5) of the Petroleum Development Act 1974 (PDA), to be set up as soon as possible.

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Reach Energy whets investor appetite for Malaysian SPACs

October 31, 2014

Dateline 2014-08-15, Malay Mail:

Reach Energy Bhd, set up by veterans in Malaysia’s oil and gas industry, made its market debut in Kuala Lumpur today after completing the country’s largest-ever initial public offering by a special purpose acquisition company (SPAC).

The RM750 million (US$236.44 million) IPO exceeded the initial share sales by other local SPACs such as Sona Petroleum Bhd and Cliq Energy Bhd, which raised between US$100 million and US$150 million last year.
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Petrovietnam eyes stake in Murphy Oil’s Malaysian assets

October 30, 2014

Dateline 2014-08-14, Reuters:

Petrovietnam has bid for a stake in Murphy Oil Corp’s Malaysian oil and gas assets, challenging other suitors including Mitsubishi Corp and Indian state oil companies, a person with direct knowledge of the plan said.

The state oil company’s bid comes as Vietnam, the third largest holder of crude oil reserves in Asia, seeks to reverse a steady decline in its oil output over the past decade. Murphy Oil and other U.S. oil companies are reducing overseas holdings as oil and gas exploration prospects improve at home.

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