Dateline 2013-12-14, The Star:
AN oil and gas stock which has got the market all excited since its debut on Nov 6 would be Barakah Offshore Petroleum Bhd. Not only has its stock price done well (it’s up 2.4 times to RM1.56 from its offer price of 65 sen), but it has also won a Petroliam Nasional Bhd (Petronas) contract less than two months after its listing.
While trading in Barakah remains suspended as at press time, the stock will likely see further action when trading reopens.
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Leave a Comment » | 
investment, Malaysia, oil and gas | Tagged: Barakah Offshore Petroleum, PBJV | 
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Posted by Wata
Happy Visit KB 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
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!
This week, my theme is, you need to be a better all round engineer. Hence, some selections for the process engineer:
A Simple Guide To Understanding Jet Engines, Process Plant Instrumentation: Design and Upgrade, Mechanical Design of Process Systems: Piping and Pressure Vessels
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.
1 Comment | engineering | Tagged: ExxonMobil, KPOC, Synergy | Permalink
Posted by Wata
Describing beginner’s fog:
“Muslim staffers were frequently worried when they first heard that “intelligent pigs” were used to clean dirty or clogged pipelines. The intelligent pigs turned out to be steel brushes with sensors attached to them; they were regularly inserted into the pipeline to force out any debris that had settled in it. At the beginning these peculiarities had the Task Force in stitches but on many occasions at the later stages it actually knocked them over the barrels instead!”
Visit here and buy books so I have some spending money.
2 Comments | Young Turks | Permalink
Posted by Wata
A chopper crashes, at it is a government secret. Any chance it was a black helicopter?
Dateline 2013-12-14, Borneo Post:
The Department of Civil Aviation (DCA) said only the director general could issue official statements on the Sikorsky S-76 helicopter crash that happened off the coast of Bintulu on Thursday.
A Kuching DCA regional office III spokesman stressed that any development on the incident, such as whether or not the helicopter owned by MHS Aviation Berhad had been successfully lifted out of the sea as claimed by an unofficial source here, could only be confirmed by the director general.
“The official statement will only be issued when the report is sent to the DCA’s headquarters.
“Kuching DCA is also not at liberty to issue any statement as the case has been classified as a government secret,” he told Bernama yesterday.
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Leave a Comment » | engineering | Tagged: DCA, MHS Aviation | Permalink
Posted by Wata
Anyone know which chopper this was?
Dateline 2013-12-12, Upstream, and 2013-12-12, NST:
A Sikorsky S-76 helicopter with two flight crew together with six passengers were forced to land their aircraft 92 nautical miles off coast Bintulu.
In the 7.42am incident, the helicopter and its passengers who are oil and gas workers, were carrying out offshore oil well survey in the area when they were hit by sudden weather change.Police said the passengers were from France, Norway, Finland, Denmark and Canada.Bintulu Police Chief Superintendent Madang Usat confirmed the incident and said the crew and passengers are safe.
“After the emergency landing, they were picked up by a vessel nearby who took them to shore,” said Madang.
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Leave a Comment » | Malaysia, oil and gas | Tagged: bintulu, chopper S-76, ditching, Sikorsky | Permalink
Posted by Wata
Dateline 2013-12-13, 4-traders (yes, cheesy title):
PETRONAS is pleased to announce new hydrocarbon discoveries from its exploration activities in Malaysia and Indonesia.
In Malaysia, gas has been discovered via the Sintok-1 well in the offshore Block SK320, about 240km northwest of Bintulu, Sarawak.
Block operator Mubadala Petroleum drilled the well to a total depth of 2,775 metres and discovered gas in the main target reservoir. Well data indicates Sintok-1 to have a gas column of 292 metres, and the operator is carrying out further evaluation to assess the volume of the discovery.
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Leave a Comment » | engineering | Tagged: Petronas, SIntok | Permalink
Posted by Wata
Dateline 2013-12-12, The Star:
Malaysian oil and gas (O&G) companies raked in RM786mil in total sales at the 10th ASCOPE Conference and Exhibition 2013 in Ho Chi Minh City, Vietnam, hosted by state-owned Vietnam Oil & Gas Corporation (PetroVietnam) on Nov 27-Dec 1.
The Malaysia External Trade Development Corporation (Matrade), which led 14 local companies including 10 small and medium enterprises on a special mission for the O&G sector, said during the five-day event it arranged 96 business meetings.
In a statement today, Matrade said the companies were given an opportunity to present their capabilities to three prominent subsidiaries of PetroVietnam:PetroVietnam Domestic Exploration and Production Operating Co Ltd (PVEP POC), PetroVietnam Gas Corporation (PV Gas) and PetroVietnam Technical Services Corporation (PTSC).
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Leave a Comment » | Malaysia, oil and gas | Tagged: ASCOPE | Permalink
Posted by Wata
Dateline 2013-12-13, The Star:
CIMB Investment Bank is maintaining its “add” call on the stock following the Government’s move to raise the price for subsidised gas used by the power sector by 10.9% or RM1.50 to RM15.20 per million metric British thermal unit (mmbtu),
At the same time, the Government has introduced the liquefied natural gas price of RM41.68/mmbtu for gas volumes above 1,000 million standard cu ft per day (mmscfd) consumed by Tenaga Nasional Bhd. This led to an increase in the average electricity tariff in Peninsular Malaysia.
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Leave a Comment » | investment, Malaysian election | Tagged: Gas Malaysia | Permalink
Posted by Wata
Dateline 2013-12-12, UPI:
A global affairs official at French energy company GDF Suez said entering a joint venture working in deep Malaysian waters anchors its regional position.
The French company said Thursday it joined Malaysian energy company Petronas and Japanese energy company JX Nippon Oil & Gas Exploration in Block 3F in deep Malaysian waters.
“GDF Suez reinforces its positioning in Asia-Pacific, a most promising region, through this new acquisition in exploration-production activities in Malaysia,” Jean-Marie Dauger, a vice president in charge of the global gas business, said in a statement.
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Leave a Comment » | Malaysia, oil and gas | Tagged: GDF Suez, JX Nippon, PCSB | Permalink
Posted by Wata
Happy February.
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
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!
This week, my theme is, you need to be a better all round engineer. Hence, some selections for the process engineer:
A Simple Guide To Understanding Jet Engines, Process Plant Instrumentation: Design and Upgrade, Mechanical Design of Process Systems: Piping and Pressure Vessels
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.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: newegg, Synergy, technip | Permalink
Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 