Oil and gas sector remains rising star

April 29, 2014

Dateline 2014-03-24, Malaysia Chronicle:

TWO weeks ago, Prime Minister Datuk Seri Najib Razak said the oil and gas industry is a rising star and is expected to contribute significantly to Malaysia’s economic growth this year.

This should perhaps ease earlier concerns that Malaysia will become a net importer of oil and gas by the end of this year.

Indeed, Petroliam Nasional Bhd (Petronas) has been aggressively exploring its domestic hydrocarbon acreage with the aim to increase reserves as well as production capacity. At the same time, the national oil company continues to explore opportunities abroad, having its presence in about 30 countries.

Last year’s financial results highlighted Petronas’ success in carrying out its strategy to sustain profitability and increase production.

…

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Posted by Wata

Saturday Star 2014-04-26 – Job Opportunities

April 28, 2014

Happy Book Fair week.

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.
  • Qatar Petroleum International is looking for people for it’s Mega Grass roots Refinery / Petrochemical / Fertilizer Projects. Examples of jobs are HSE Safety, Fire Engineering and Rescue. Apply here or visit the website.
  • Murphy is seeking extraordinary talent. Examples are engineer instrument, HSSE engineer, operational engineer. Send your CV here.

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!

Let’s talk about maths:

  

Visions of Infinity: The Great Mathematical Problems, In Pursuit of the Unknown: 17 Equations That Changed the World, An Imaginary Tale: The Story of [the Square Root of Minus One] (Princeton Science Library)

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Posted by Wata

Crunch time for Petronas

April 27, 2014

Dateline 2014-04-28, The Star:

PETROLIAM Nasional Bhd (Petronas), facing dwindling production at home, is in a race against time to scour for new oilfields beyond Malaysia’s shores.

But with depleting hydrocarbons on the homefront, where oil has been extracted for well over a century, and stiff competition abroad, how will Petronas fare in the new age of energy?

For Datuk Wee Yiaw Hin, the oil giant’s executive vice-president of exploration and production, this is exactly what Petronas has been planning for.

…

 

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Posted by Wata

Extract from “The Will to Compete”

April 26, 2014

Describing first forays into aviation fuel requirements:

“The opportunity came when Senai Airport was constructed to handle international flights for cargo traffic. Dagangan was given the first choice to build, commission and operate the Aviation Depot there.”

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

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Posted by Wata

Malaysia’s SapuraKencana signs $5 bln refinancing to help fund acquisitions

April 26, 2014

I was wondering where they got their money from. If you are short, I have a mate introduced by Lat at Batu Road if you want a tenner quick.

Dateline 2014-03-20, Reuters:

Malaysian oilfield service provider SapuraKencana Petroleum Bhd said on Thursday it has signed a $5 billion refinancing deal with 13 banks to partly fund two of its most recent acquisitions.

The company bought Seadrill Ltd’s tender rig business in 2012 and the entire equity stake of Newfield Exploration Co’s Malaysian oil and gas assets last year.

The refinancing was also done to replace and streamline its existing borrowing facilities, SapuraKencana said in a statement.

The deal, of which 70 percent is in U.S. dollars, constitutes a senior multi-currency term and revolving facilities with short and long-term tenures of up to seven years, according to the company.

…

 

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Posted by Wata

Overweight on O&G sector: Maybank

April 25, 2014

Here’s me stirring up the market.

Dateline 2014-04-19, Business Times:

Maybank Research maintains OVERWEIGHT rating on oil & gas (O&G) sector with top buys including Bumi Armada, Dialog, SapuraKencana Petroleum (SAKP), Perisai and Perdana.

It noted that interest is wide ranging but most funds tend to be bottom-up driven and stock-selective, seeing strong thematics such as rig building, drilling, OSV upcycles, Petronas capex driving the sector this year.

‘We met up with UK, Hong Kong and US funds during our marketing roadshows in February and March. The interest was across the board ranging from big-caps to small-caps depending on the fund mandate. Funds that have been less Malaysia centric continue to find it challenging to invest in the Malaysian Oil & Gas (O&G) stocks due to their premium valuations relative to the region.

…

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Posted by Wata

Hungry for more, Part 3

April 24, 2014

Links to Parts 1 and 2 can be found in the main article.

Dateline 2014-03-19, Energy Global:

Sabah crisis sharpens focus on regional territorial disputes over oil and gas reserves

Following last year’s invasion of Malaysia’s Sabah state by a Filipino militia group, another quiet corner of the world risks being sucked into renewed territorial and ethnic disputes fuelled by a growing regional race for oil and gas reserves.

The Malaysian government responded by ordering its military to bomb the group of more than 200 members of the self-proclaimed ‘Royal Army of the Sulu Sultanate’ who briefly holed up in a village near the port of Lahad Datu. At least 70 people, including nine Malaysian security personnel, were killed in the conflict to expel the group linked to the descendants of a former royal family in southern Philippines with claims over Sabah state.

The conflict has the potential to grow as it involves groups with long-standing territorial claims, separatist ambitions and ethnic grievances now enmeshed with the US-led global war on terror, Sabah’s increasing importance as an oil and gas producer and the area’s 600 km proximity to the disputed hydrocarbon-rich Spratly Islands in the South China Sea.

…

 

Leave a Comment » | Malaysia, Malaysian election, oil and gas | Tagged: | Permalink
Posted by Wata

Marketing Rounds – Vietnam

April 23, 2014

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Sabah should join S’wak on oil royalty hike: PBS

April 22, 2014

I really don’t know why Sabah and Sarawak have been in the news frequently this year. Any apologists who want to make a comment?

Dateline 2014-03-20, Daily Express:

Sabah should work together with neighbouring Sarawak in pursuing an increase in the oil and gas royalty and turn this into a reality, said Parti Bersatu Sabah (PBS) Information Chief Datuk Jahid Jahim.

He believes there is nothing wrong for the State Government to work together with its Sarawak counterpart to make a joint request to the Federal Government to increase the rate of oil and gas royalty presently received by both states.

“I think we (Sabah and Sarawak) should work together like what we have done in 1963 when we formed the Federation of Malaysia together. It would be more synchronised and justified if both the states work together on this,” he said.

Saying an increase in oil and gas royalty can be used to support additional development of the State and the people to be on par with what is enjoyed by fellow Malaysians in the peninsula, Jahid, who is formerly Tamparuli Assemblyman, felt the recently announced discovery of oil fields off Sabah which is timely can also be considered as good justification for the request.

…

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Posted by Wata

Saturday Star 2014-04-19 – Job Opportunities

April 21, 2014

Happy Chem E Car 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.
  • Qatar Petroleum is seeking dynamic and qualified professionals for their operations department. Examples of jobs are maintenance engineer, project engineer, senior engineer. Apply here or visit the website.
  • Murphy is seeking extraordinary talent. Examples are lead engineer, mechanical, structural, mechanical, lead facilities engineer, conceptualization engineer (are drugs supplied). Send your CV here.

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!

Let’s talk about maths:

  

Visions of Infinity: The Great Mathematical Problems, In Pursuit of the Unknown: 17 Equations That Changed the World, An Imaginary Tale: The Story of [the Square Root of Minus One] (Princeton Science Library)

Leave a Comment » | engineering | Tagged: , , , | Permalink
Posted by Wata

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