MISC named in global oil and gas bribery scandal

March 20, 2014

How come I wasn’t sent a subpoena? And score one for the ‘disgruntled employee’.

Dateline 2014-02-11, MalaysiaKini:

 Petronas subsidiary MISC has surfaced in a global bribery and corruption scandal involving US$10 million (RM33.4 million) of more than US$250 million (RM834 million) in bribes and other malpractices spanning six years, which centres around Dutch oil and gas (O&G) services company SBM Offshore.

According to a document listing possible fraud by SBM Offshore in various countries spanning Africa, Equatorial Guinea, Brazil, Iraq, Kazakhstan and Italy in addition to Malaysia, MISC was allegedly involved in payments to Barnado Limited and Delcom Limited totalling US$10 million (RM33.4 million) related to the Kikeh field floating production, storage and offloading (FPSO) platform.

…

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Kampung Halaman 02

March 19, 2014

I’ll be visiting soon.

soon.

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SapuraKencana Completes Purchase of Newfield’s Upstream Assets in Malaysia

March 18, 2014

Yea?

Dateline 2014-02-11, Rigzone:

SapuraKencana Petroleum Berhad, Malaysia’s oil and gas services and solutions provider, announced Tuesday that the company has successfully completed the Share Purchase Agreement (SPA) for the acquisition of Newfield International Holdings Inc.’s entire equity interest in Newfield Malaysia Holding Inc. for $895.9 million.

The acquisition cost is below the $898 million purchase price previously reported as the price was subjected to adjustments as set out in the SPA, SapuraKencana said in a press release.

Following completion of the acquisition, SapuraKencana Energy Inc. (SKEI), a newly incorporated wholly owned upstream subsidiary of SapuraKencana, now holds equity interest in 8 Production Sharing Contracts (PSCs) and one alliance contract in Peninsular Malaysia, Sabah and Sarawak.

…

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Saturday Star 2014-03-15 – Job Opportunities

March 17, 2014

Happy Visit Offshore 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.
  • Nothing else going on today

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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Malaysia delays Sabah oil terminal start 3 mths-sources

March 16, 2014

Since this article has a time delay of about a month, SOGT should be open now. And the article says ‘floating oil and gas production facility…’ Please, razmahwata.wordpress.com’s retainer fee is RM3.1416e3 monthly, pay that and we’ll correct the obvious errors. As for the outrageous booboos, we’ll emphasis them in for a lark.

Dateline 2014-02-11:

 Malaysian state firm Petronas has postponed the start of operations at a floating oil and gas production facility in Sabah by at least three months due to a technical issue, industry sources said on Tuesday.

The Sabah Oil and Gas Terminal in Kimanis bay is key in the country’s plan to boost its crude production and exports from several deepwater oilfields in east Malaysia, but the project has been dogged by construction and technical issues.

The terminal was scheduled to start operations in the first quarter, but it may now export crude only in June or in the second half of the year, the sources said

…

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Highlight: PetGas 4Q profit jumps 33% y-o-y to RM394m

March 15, 2014

Does The Edge website purposely make it had to use the c-C and c-V commands?

Dateline 2014-02-10, The Edge:

Petronas Gas Bhd (PetGas)’s net profit jumped 33% year-on-year (y-o-y) to RM394 million in the fourth quarter ended Dec 31, 2013, from RM295 million in the fourth quarter of 2012.

Revenue also rose 13% y-o-y to RM1.028 billion, from RM909 million.

The company proposed a final dividend of 40 sen per ordinary share under a single tier system for the financial year ended Dec 31, 2013. This amounts to RM791 million.

In a statement to Bursa Malaysia, PetGas said the profit increase was in line with the increase in revenue. In addition, there was higher other income and share of profit from associate and joint ventures.

The firm also said its larger profit was due to lower tax expense resulting from a change in deferred tax estimates. This came on the back of a lower future statutory tax rate.

PetGas said its revenue increase was largely due to regasification revenue. This followed commencement of the LNG Regasification Terminal operations in the second quarter last year and higher gas transportation revenue.

…

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Vessel fire may delay Borneo project for Malaysia’s Petronas Chem

March 14, 2014

What vessel fire?

Dateline 2014-02-07, Reuters:

Malaysia’s Petronas Chemicals Group Bhd may face hiccups in its 4.5 billion ringgit ($1.35 billion) Sabah Ammonia and Urea (SAMUR) project after a vessel transporting equipment to the plant site caught fire.

The petrochemicals arm of Malaysia’s state oil firm Petronas said in a stock exchange filing on Friday that its wholly owned subsidiary Petronas Chemicals Fertiliser Sabah Sdn Bhd had been notified by its contractor of a fire aboard a vessel bound for the Borneo island.

…

 

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TH Heavy Engineering Lands Topside Deal for Kinabalu NAG Project off Sabah

March 13, 2014

THHE seems busy now. Permas, Layang and now Kinabalu NAG. Hold on, isn’t Kinabalu Talisman’s field?

Dateline 2014-02-06, Rigzone:

TH Heavy Engineering Berhad, a Malaysia-based engineering and marine contractor, revealed Wednesday that its subsidiary, THHE Fabricators Sdn. Bhd. (TFSB) has received a Letter of Award from Petronas Carigali Sdn Bhd (PCSB) Jan. 28 for the supply of a topside for the Kinabalu Non-Associated Gas (NAG) Development Project in Malaysia, the firm said in an announcement on local stock exchange Bursa Malaysia .

…

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Posted by Wata

Kampung Halaman 01

March 12, 2014

Come back and visit some time

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IEM Shout Out – Overview of Gas Turbine Overhaul in Power Plant

March 12, 2014

This is a shout out for the IEM. My Technical Division will be having a talk on 15th March 2014. It’ll be at 9 am (makan-makan at 8:30) at Wisma IEM.

A Gas turbine is an essential machine in power plants to drive generators for producing electricity. To maintain its efficiency and reliability, a planned overhaul is required. The overhaul is carried out in the plant in a specified duration involving specialists, manpower, material and equipment while maintaining high safety standard. Thus, this overview talk will explain the participants on the basic activities involved in gas turbine overhaul in a Power Plant. It will cover the preparation, execution, commissioning, and closing out of the overhaul including the gas turbine main components.

The above will be presented by Ir. Roznan, who has been working in the power plant industry for the past 9 years as Technical Support, Project Manager, Contract Management and Customer Service.

You can register for the event here, and get the flyer here.

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