Dateline 2014-04-14, NST:
Petronas looks to deepwater projects, risk service contracts and unconventional gas sources
PETROLIAM Nasional Bhd (Petronas) is focusing on deepwater projects, risk service contracts (RSC) and unconventional gas sources internationally to increase energy supplies and earnings.
The national oil company believes that there is still upside potential in every aspect of the oil and gas industry in Malaysia and overseas.
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Malaysia, oil and gas | Tagged: Petronas | 
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Posted by Wata
Congratulations to I-Cell, UKM.
Leave a Comment » | Chemical, Malaysia | Tagged: CETD, ChemECar, IEM, UPM | Permalink
Posted by Wata
This is a shout out for the IEM. My technical division will be hosting a trip to the Aker Solutions Malaysia Sdn Bhd (Subsea Products And Services) on the Wed 18th June, 2014. You will be anointed with 3 CPD / PDP hours.
Aker Solutions is a global provider of products, systems and services to the oil and gas industry. Their engineering, design and technology bring discoveries into production and maximize recovery from each petroleum field. They employ approximately 28,000 people in about 30 countries.Aker Solutions portfolio of oilfield products, systems and services, stretches all the way from the reservoir to the wellstream processing systems generating marketable and valuable hydrocarbon products. Their target is to deliver the best.
Each product, system and service competes on a standalone basis in the market but with their broad portfolio and experience, they understand the challenges and apply the knowledge to create optimal solutions. Aker Solutions ASA is the parent company in the group, which consists of a number of separate legal entities. Aker Solutions is used as the common brand and trademark for most of these entities. In 2012 Aker Solutions had aggregated annual revenues of approximately NOK 45 billion. The company is listed on the Oslo Stock Exchange.
Leave a Comment » | engineering, oil and gas | Tagged: Aker, IEM, OGMTD | Permalink
Posted by Wata
This is a shout out for the IEM. My technical division will be hosting a trip to the Mamee Plant, Melaka (yes, teenage dream fulfillment) on the Wed 11th June, 2014. You will be anointed with 1.5 CPD / PDP hours.
Kilang Makanan Mamee Sdn Bhd is known for its wide selection of processed and packed food. The brand has since become a synonym and household names for snack food and instant noodle. The products produced are ranging from snacks food, instant noodles, confectioneries and also beverages products. Currently, MAMEE has a presence in more than 30 countries where most of the markets are concentrated in Europe, Middle East, Africa and ASEAN region.
Leave a Comment » | engineering | Tagged: CETD, Mamee, Melaka | Permalink
Posted by Wata
Dateline 2014-04-15, Malaysia Chronicle,
Gas Malaysia Bhd has revised the natural gas tarriff for the non-power sector in Peninsula Malaysia with effect from May 1, 2014, a move likely to court further criticism from industries which had balked at the increase in electricity tariff earlier this year.
Last Friday, Gas Malaysia announced that gas prices would go up an average RM3.25 per million British thermal unit (MMBtu) for industries.
Those residential and retail commercial segments using an average annual gas consumption of 600 MMBtu and less got a reprieve from a tariff increase. It will also not apply to Liquefied Petroleum Gas (LPG) and Natural Gas for Vehicle (NGV).
Those with an average annual consumption of 601 MMBtu and above however will see an average increase of about 20% from RM16.45 MMBtu to RM19.32 MMBtu.
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Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: Gas Malaysia | Permalink
Posted by Wata
Happy Vung Tau Week (still).
Buy my recommendations, or through my Amazon store. Where are those corporate sponsors? Or throw donations at me. I need RM360 to get The Star ePaper
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!
If you need electronic equipment sorted out, may I suggest RHS Star, No. 22 (Unit 1), Jalan Puchong Permai 2, Taman Puchong Permai, 47100.
Since I had just noted the passing of Trevor Kletz, I would like to suggest that this week you dedicate to purchasing books written by him:
What Went Wrong?, Fifth Edition: Case Histories of Process Plant Disasters and How They Could Have Been Avoided (Butterworth-Heinemann/IChemE), Still Going Wrong!: Case Histories of Process Plant Disasters and How They Could Have Been Avoided, Process Plants: A Handbook for Inherently Safer Design, Second Edition
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: Bookalicious, Synergy | Permalink
Posted by Wata
Dateline 2014-04-12, Malay Mail Online:
The government is looking to reduce its dependency on oil revenue to below 30 per cent by broadening the tax base, said Minister in the Prime Minister’s Department, Datuk Seri Abdul Wahid Omar.
He said reducing the dependency on oil revenue would be plausible by improving the collection of other forms of tax revenue and by broadening the tax base with the goods and services tax.Abdul Wahid, however, declined to specify a timeframe for the target. “We have commenced to diversify revenue sources and strengthened revenue collection. The government’s revenue was 12.1 per cent higher at RM207.9 billion in 2012 from RM185.4 billion in 2011.
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Leave a Comment » | Malaysia, Malaysian election, oil and gas | Permalink
Posted by Wata
Dateline 2014-04-11, Reuters:
Gas Malaysia Bhd , the country’s sole supplier ofnatural gas to the non-power sector, said on Friday it has obtained government approval to raise the natural gas tariff in peninsular Malaysia from May 1.
The tariff adjustment follows a 14.89 percent rise in electricity charges announced in December as part of the government’s aim to cut subsidies and reduce its budget deficit.
The gas price hike is not applicable to liquefied petroleum gas or natural gas for vehicles. The tariff for residential consumers and those who consume less than 600 million metric British thermal unit (mmBtu) a year remain unchanged, according to a stock filing from Gas Malaysia.
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Posted by Wata
Dateline 2014-04-11, Reuters:
Malaysia’s biggest commercial oil storage facility will start operations on Saturday when it receives its first fuel shipment, expanding Southeast Asia’s share in the oil storage business and also raising competition with neighbouring Singapore.
The $600 million oil storage terminal with a capacity of 1.28 million cubic meters at Pengerang in the southern Malaysian state of Johor will receive a clean oil product shipment on Saturday morning, Dialog Group Bhd, one of the owners of the terminal, confirmed to Reuters in an email.
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Leave a Comment » | Malaysia, oil and gas | Tagged: Dialog, Pengerang, storage | Permalink
Posted by Wata
Hey, as long as my slice of the pie is bigger, slice and dice as much as you like.
Dateline 2014-04-09, The Star:
Petroliam Nasional Bhd (Petronas) is splitting its exploration and production (E&P) division into domestic and international segments to make the businesses more focused and accountable, sources said, adding that the oil giant was benchmarking this move against what Shell, ExxonMobil and Total had done recently.
Previously, Petronas’ E&P unit had not clearly demarcated its international and domestic operations.
The move is said to be part of a plan by Petronas to concentrate more on its domestic and international roles that require different skill sets, considering that it competes internationally with oil giants, whereas locally, it is the owner of the hydrocarbon deposits.
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Leave a Comment » | Malaysia, oil and gas | Tagged: Petronas, reorganization | Permalink
Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 