Mokhzani Reduces SapuraKencana Stake After Malaysian Merger

March 28, 2014

Hey, hey.

Dateline 2014-02-18, Bloomberg:

Mokhzani Mahathir, a son of former Malaysian Prime Minister Mahathir Mohamad, sold part of his stake in SapuraKencana Petroleum Bhd. (SAKP), the country’s biggest oil and gas services company, keeping his share above 10 percent.

Some 190.3 million shares in SapuraKencana were traded off market yesterday at 4.30 ringgit each, amounting to 818.3 million ringgit ($247.8 million), according to data from the Kuala Lumpur stock exchange. Mokhzani and family of the late Chong Hin Loon were sellers of the block, the Star newspaper reported today, citing people it didn’t identify.

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Petikan dari ‘Pantang di Cabar’

March 27, 2014

Tentang cabaran:

Satu lagi tekanan untuk mencabar kedudukan para pelopor PETRONAS dalam pelbagai rundingan diantara mereka dengan Syarikat Minyak Antarabangsa ialah dengan mencetuskan kekurangan bekalan disel dan kerosin di seluruh Negara secaran tersusun mulai tahun 1976.

Dapatkan buku ini di sini.

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ExxonMobil Subsidiaries In Malaysia Appoint New Chairman

March 27, 2014

Congratulations, SKY.

Dateline 2014-02-16, Bernama:

See Kok Yew has been appointed as the President of ExxonMobil Exploration and Production Malaysia Inc (EMEPMI) and Chairman of the ExxonMobil Subsidiaries in Malaysia with effect from yesterday.

In a statement today, The ExxonMobil Subsidiaries in Malaysia said See succeeded J. Hunter Farris who will relocate to Houston and assume the position as the new Vice-President, Global Engineering of ExxonMobil Production Company.

Prior to his appointment, See was a Production Manager for ExxonMobil Production Company businesses in the US Lower 48, based in Houston, Texas.

See started his career with EMEPMI in 1990 and held various technical, supervisory and management positions in Kerteh, Terengganu, and in Kuala Lumpur.

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Kampung Halaman 03

March 26, 2014

Where do you think this is?

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ExxonMobil Announces First Production From Damar Gas Development

March 25, 2014

Dateline 2014-02-13, The WSJ:

Exxon Mobil Corporation (NYSE:XOM) today announced the start of natural gas production at the Damar field off the east coast of Peninsular Malaysia. ExxonMobil subsidiary, ExxonMobil Exploration and Production Malaysia Inc., has a 50 percent interest in the project.

The Damar field has a projected capacity of 200 million cubic feet of gas per day. ExxonMobil and joint-venture partner Petronas Carigali Sdn. Bhd. have planned a total of 16 development wells for the platform.

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Anniversary – Exxon Valdez

March 24, 2014

EPMI engineers never forget.

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Saturday Star 2014-03-22 – Job Opportunities

March 24, 2014

Happy Visit OTC day.

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

  • I’m looking for a senior process engineer, 7+ years experience. Also looking for technical safety persons, metering / measurement engineers and other seniors you think will catch my eye.
  • EMAS is looking for people for Subsea and marine positions. Lead/Senior project engineer (conventional, SURF), structural, pipeline, technical tender, senior/ interface, technical superintendent, Senior / HSE engineer, cost controller, contracts specialist, HSE manager, crewing superintendent, dry docks superintendent, operations superintendent, technical superintendent, operations manager. Visit their website.
  • Carigali Hess is looking for offshore technicians. Come walking to the KL Convention Center, on 1st and 2nd April, 2014. Send your cv here,  with a detailed resume stating references, expected remuneration, contact telephone and email address, before 7 December, 2013.

Here’s a quick list of tech podcasts I follow:

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!

Since Sir Terry Pratchett has a new volume out, here’s an opportunity to complete your collection :

  

Raising Steam (Discworld), Dodger, Snuff (Discworld)

The IEM has a coffee table book out, Engineering Heritage of Malaysia (no, it is not Datuk Seri Samy Vellu’s bio). Visit here for details.

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Posted by Wata

Petronas can shine at OTC conference

March 23, 2014

Dateline 2014-02-24, Business Times:

PROJECTS in offshore Malaysia are forecast to see the largest capital expenditure rise in the Asia-Pacific region at more than US$59 billion (RM177 billion) over the next five years, according to an oil and gas industry research.

The Regional Perspective Offshore Asia Oil and Gas Market Report to 2015 is forecasting that deepwater developments in Malaysia will continue to gather pace, with 84 fixed platform units and eight floating production units to be installed between 2011 and 2015.

Given such a scenario, Malaysia, in particular Petroliam Nasional Bhd (Petronas), has made the right decision to host the Offshore Technology Conference (OTC) Asia this year to provide a platform for industry professionals to share their technical knowledge and experiences.

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Malaysia’s Petronas awards EPCIC deal for second FLNG project

March 22, 2014

Dateline 2014-02-13, Platts:

Malaysia’s state-owned Petronas said Thursday it has awarded the engineering, procurement, construction, installation and commissioning contract for its second floating LNG project, located offshore Sabah, to a partnership of Japan’s JGC and South Korea’s Samsung Heavy Industries.

Petronas said the EPCIC contract for PFLNG 2 follows the January 23 board approval of the final investment decision taken on the project.

The FLNG facility will be located at the Rotan field in Block H.

Murphy Oil, operator of the upstream block, had announced FID of the project early this month.

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High activity levels for O&G players

March 21, 2014

Dateline 2014-02-13, Borneo Post:

It is with much optimism that oil and gas players enter 2014 in Malaysia with projects progressing to the next stage and massive job awards on the line.

According to analyst Aaron Tan from MIDF Amanah Investment Bank Bhd (MIDF), Petroliam Nasional Bhd (Petronas) will have the final investment decision (FID) on the RM60 billion Refinery and Petrochemicals Integrated Development (Rapid) complex in Pengerang, Johor whithin the first quarter of 2014.

“We view this as a positive sign as it will spur the downstream petrochemical sector. So far, Petronas has signed agreements with Versalis SpA (Italy), Itochu (Japan) and PTT Global Chemicals (Thailand) as joint-venture partners to build specialty chemical plants,” he said in the MIDF Equity Beat report yesterday.

“We do not, however, think that the Rapid initiative will directly benefit most Bursa-listed oil and gas service providers these companies are mainly upstream offshore support service providers.

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