Oil and gas sector to emerge as ‘rising star’ to drive Malaysia’s economy forward Read more: Oil and gas sector to emerge as ‘rising star’ to drive Malaysia’s economy forward

April 12, 2014

Dateline 2014-03-07, NST:

The oil and gas sector is to emerge as the “rising star” and significantly drive the Malaysian economy forward this year, Prime Minister Datuk Seri Najib Razak said today.

He said the expectation was based on the number of oil and gas projects that would be awarded when the massive RM61 billion Refinery and Petrochemicals Integrated Development (RAPID) project in Pengerang, Johor, gets off the ground by year-end.

“This will have a major impact on the economy. I’m also hoping for some recovery in other commodity prices as well this year.


Malaysia’s Petronas Q4 profit surges 45 percent

April 11, 2014

I see 12-month bonuses coming up… and a further effort to squeeze small business like moi.

Dateline 2014-03-04, GlobalPost:

Malaysian oil giant Petronas said Tuesday its fourth quarter net profit jumped 45 percent on strong production, making 2013 “one of the best years ever” for the state energy firm.

Net profit for the three months ending December 31 stood at 12.76 billion ringgit ($3.89 billion), up 45 percent from the same period in 2012, while revenue rose 10 percent to 84.8 billion ringgit.

Overall the company’s profit increased 10 percent to 65.59 billion ringgit for the last financial year compared to 2012. Revenue added 9 percent to 317.3 billion ringgit.


MURPHY OIL CORPORATION ANNOUNCES FIRST OIL AT SIAKAP NORTH-PETAI AND UPDATES PROGRESS AT DALMATIAN

April 10, 2014

Dateline 2014-0303, TWSJ:

Murphy Oil Corporation MUR -0.03% announced today that first oil production from the Siakap North-Petai (SNP) development offshore Malaysia commenced on February 27, 2014.

The SNP field, operated by Murphy with a 32 percent working interest, is located offshore Malaysia in a water depth of approximately 4,400 feet. The overall field development plan consists of eight producing wells and five water injection wells developed as a subsea tie-back to the Kikeh Floating Production Storage and Offloading (FPSO) vessel. Initial operations commenced with production from four oil wells. Peak gross production from the field is expected to reach 35,000 barrels of oil per day in mid-2014. The unitized field combines the discoveries at Siakap North in Block K with Petai in the adjacent Block G. Murphy’s partners in the development are PETRONAS Carigali, Shell, and ConocoPhillips COP +0.18% with the latter two partners each holding a 21 percent working interest.

 


Marketing Rounds – PETRONAS Gas

April 9, 2014

I took a trip to Segamat lately. Anyone know of POIs around there?


Petronas pipeline has destroyed rainforest, says Swiss-based advocacy group

April 8, 2014

Of course construction destroyed rainforest. But have you seen the risk assessment? I haven’t, those in the know, send me a copy please?

Dateline 2014-03-03, Malaysian Insider:

The Swiss-based rainforest advocacy group Bruno Manser Fund (BMF), in a new attack on Sarawak, claimed the 500km Petronas gas pipeline (SSGP) has left a “trail of destruction” in the rainforest between the Sabah oil and gas terminal (SOGT) in Kimanis to the liquefied natural gas (LNG) plant in Bintulu, Sarawak.

BMF, on its new Sarawak geoportal, said that by shrouding the project in secrecy and for its failure to disclose the exact line of the SSGP, it has given rise for concern.

It claimed the less than transparent project had forced local communities to erect several blockades out of concern for damage to their environment and illegal extraction of timber for the construction of the pipeline within native customary rights (NCR) lands through which the line passes.


Saturday Star 2014-04-05 – Job Opportunities

April 7, 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.
  • Hey, is the section really short this week?

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 ProblemsIn Pursuit of the Unknown: 17 Equations That Changed the WorldAn Imaginary Tale: The Story of [the Square Root of Minus One] (Princeton Science Library)


Malaysia’s Petronas to sell Vietnam oilfields for $380m

April 6, 2014

Alamak! Baru nak jual barang kepada mereka.

Dateline 2014-02-27, AsiaOne:

Petroliam Nasional (Petronas) wants to sell its stakes in five offshore oilfields in Vietnam for a combined US$300 million (S$380 million), two company sources said, as the Malaysian state oil firm streamlines its assets and raises funds for expansion.

Petronas, like many other oil companies, is looking to sell aging and less productive oil and gas fields to invest in more profitable assets. The planned asset sale comes as Petronas taps into North America’s shale boom and further develops Malaysian oil and gas fields.

The two sources did not give further details of the fields. They declined to be identified as they are not authorised to speak to the media.


Mariculture farm on offshore oil and gas platforms

April 5, 2014

No, not marital culture, though come to think of it… Divers, anyone want to buy a platform?

Dateline 2014-02-25, Borneo Post Online:

MOST of the offshore oil and gas platforms in Malaysia are built to last for approximately 25 to 30 years. The decommissioning of platforms is expected to be scaled up between 2013 and 2015, as 600 of the 900 offshore platforms are over 20 years old.

With the cost of decommissioning a conventional medium-sized structure at approximately US$3 million, oil companies are keen to find alternative options such as using the decommissioned platforms for other purposes such as marine culture, hotel and diving resorts, artificial reefs and rigs, marine research centres and control centres. Some of these ideas have been applied successfully, an example being the Seaventures Rig Dive Resort at Sipadan Island, Sabah, which was a platform turned into a hotel resort and diving centre.

The concept of using decommissioned oil rigs for mariculture (deep-sea fish farming) is realistic. The platform serves as an operational hub where all facilities related to farm fishing and crew are provided. It can easily support quarters for crew, storage for food and other supplies, docking facilities and a monitoring spot.

Besides reusing part of the structure as an operational hub, the structure of the platform can be used and manipulated as an anchor for mooring cages and nets near the platform. The structure can also be used as a hatchery, which will reduce transportation and operational costs. Indeed, the options are quite extensive.


Kampung Halaman 04 – Bandara

April 4, 2014

Center of aero commerce.


Gas Malaysia diversifies into energy business

April 3, 2014

Dateline 2014-02-25, The Sun:

Natural gas distributor Gas Malaysia Bhd will expand into the energy business by teaming up with Tokyo Gas’ Energy Advance Co Ltd to provide electricity and steam through a combined heat and power (CHP) system to industries in Malaysia.

Gas Malaysia said the joint venture is in line with its overall strategy of maintaining its key position to be an innovative value added energy solution provider.

“The JV company will diversify Gas Malaysia’s business from gas distribution to energy business,” it told Bursa Malaysia yesterday.

Gas Malaysia will lead a 66:34 JV together with Tokyo Gas Co Ltd’s subsidiary, Energy Advance Co Ltd (ENAC), to develop and operate the CHP system.