Malaysia’s O&G industry very much alive

March 6, 2014

Dateline 2014-01-27, Business Times:

SEVERAL years ago, there were suggestions that Malaysia would become a net importer of oil by this year. Will this happen?

Well, one thing for sure is that Malaysia was also predicted to become a net importer of oil and gas in 2009. And that didn’t happen.

Then, it was said again that this would happen in 2010, but as months went by, it did not happen either. The hydrocarbon continued to become the largest contributor to the Malaysian economy.

But, we should remind ourselves that hydrocarbon is not a commodity that we can manufacture or grow to sustain output. It has been produced and developed through a long period of natural process, and, of course, with God’s will.

So, whatever the predictions, efforts to make new discoveries, particularly in complex and challenging oil and gas reserves, must continue. Enhancing oil recovery in existing depleting fields and exploring opportunites in deeper water must not be overlooked either.

…

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Posted by Wata

Oil firms concerned over rising costs

March 5, 2014

Obviously, the aren’t concerned with the rise of consultants’ fees, seeing what they still shell out and force us to play by their rules.

Dateline 2014-01-21, Malaysian Reserve:

Rising operational costs and uncertainty over oil prices are the biggest barriers for growth for oil and gas (O&G) firms, according to most senior professionals in the sector in Asia Pacific, a study from O&G adviser DNV and Germanischer Lloyd (DNV GL) said.

A survey of more than 430 O&G professionals and interviews with more than 20 industry executives found that 90% were confident about the industry outlook in 2014 and 41% were concerned about the costs.

“As a result, operators are having to keep a tighter rein on capital expenditure, with operators undergoing pressure to extend the life of existing assets and increase the return on these investments,” the study “Challenging Climates: The outlook for the O&G industry in 2014” published by DNV GL said yesterday.

Only less than a quarter (22%) of operators in Asia Pacific believe they are on track to hit their targets this year, according to the report.

…

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

March 5, 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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Malaysia to review oil companies’ readiness to supply Euro 4 gasoline, diesel by 2015

March 4, 2014

Interesting. You ready? Dateline 2014-01-21, Platts:

Malaysia has launched a study to review the readiness of oil companies to supply Euro 4-equivalent gasoline and diesel throughout the country by 2015, an official said Tuesday.

“We have just started the study and it should be completed in two months,” an official with the Malaysia Automotive Institute under the purview of the Ministry of International Trade and Industry, said.

“It will basically look at the readiness of the oil and gas industry to supply Euro 4 standard fuels by 2015,” he said, adding that the study is conducted by the MAI together with other government bodies.

Malaysia has set June 1, 2015 as the roll-out date for the new Euro 4-equivalent fuels, known as Euro 4-M, from the current Euro 2-equivalent standard.

…

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Saturday Star 2014-03-01 – Job Opportunities

March 3, 2014

Happy Attend Flow Measurement Conference 2014 Day (if they pay me, I’ll link to the site at some point).

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.
  • JX Nippon Oil & Gas Exploration (Malaysia) Ltd is looking people. Click through to the site → RECRUIT → Employment at Miri (Malaysia).
  • 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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Report: Petronas invites bids for Besar gas field

March 2, 2014

Dateline 2014-01-20, The Edge:

 

Petronas Carigali Sdn Bhd has invited bids for its Besar gas field (for two wellhead platforms), according to international oil & gas news portal Upstream Online.

Besar gas field is located offshore Peninsular Malaysia.

This piece of news was reported on the official website of Upstream Online. Alliance Research, quoting Upstream Online in its research note today, reported the bids are due at the end of February.

It said the initial contract award is slated for the end of this year, with a separate tender for installation to emerge later on.

“The contract value will be RM100 million to RM150 million for both wellhead platforms. Malaysian players might have advantage for the Besar project,” said Alliance research analyst Arhnue Tan.

She continues to rank the oil & gas (O&G) sector as ‘overweight’ as robust contract flow is expected to come from marginal fields, enhanced oil recovery projects and new gas developments.

…

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Petikan dari ‘Pantang di Cabar’

March 1, 2014

Tentang depoh pukal pertama:

Depoh pukal pertama dibina di Pelabuhan Pasir Gudang Johor. Ianya dibina menggunakan kepakaran kontraktor asing dari luar negara. Apabila diamati cara kontraktor tersebut mengendalikan kerjanya, kontraktor asing tersebut sebenarnya menjadi penyelia sahaha. Mereka menggunakan kontraktor-kontraktor dalam negeri yang pernah bekerja untuk Shell atau Esso untuk mereka gabungkan bagi menjalankan kerja.

Dapatkan buku ini di sini.

1 Comment | Young Turks | Permalink
Posted by Wata

Shell and UAE’s Mubadala swap Malaysian offshore field stakes

March 1, 2014

Dateline 2013-01-19, Zawya:

Royal Dutch Shell and Mubadala Petroleum have swapped equity stakes in two exploration blocks off Malaysia, the Abu Dhabi-based energy company said on Sunday.

Mubadala has taken a 20 percent interest in the Shell-operated deepwater Block 2B and Shell took a 20 percent interest in the Mubadala-operated Block SK320 in return.

“The equity swap agreement is an important step for Mubadala Petroleum’s growth strategy in Malaysia and marks our first partnership in Southeast Asia with Shell, an important player in deepwater exploration,” Maurizio La Noce, chief executive of Mubadala Petroleum, said in a statement.

…

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Malaysia’s Trans Peninsular Pipeline Project: Will It Take Off? – Analysis

February 28, 2014

Going through Kedah and Kelantan. Not in this political lifetime.

Dateline 2014-01-16, Albany Tribune (what?):

MALAYSIA’S TRANS Peninsular Pipeline Project (TPP) between Kedah on the west coast and Kelantan on the east seems to have been revived. First proposed in 1994, the project had experienced some difficulties in the initial years and came to a halt in 2010. If realised, the 310-km pipeline will move oil from the coastal city of Yan in Kedah to Bachok in Kelantan and out to the South China Sea.

The New Straits Times reported that during the Fifth World Chinese Economic Forum held in Kuala Lumpur in October 2013, China had shown interest to revive the privately-funded TPP, estimated to cost more than US$7 billion. Chinese President Xi Jinping has yet to confirm how this is to be carried out.

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Keel work begins for floating LNG facility

February 27, 2014

Oil & Gas Journal, dateline 2014-01-14:

Petronas said keel work has begun for its first floating LNG facility.

The first block of the keel was laid in the presence of representatives of Petronas, Technip, and Daewoo Shipbuilding & Marine Engineering at the shipyard in Okpo, South Korea.

“The keel laying signifies yet another significant achievement of the project in its construction phase,” said Petronas Vice-Pres. Datuk Abdullah Karim.

The PFLNG 1 facility is slated for completion in fourth-quarter 2015. The 365-m long facility will weigh 125,000 tonnes. Construction began in June 2013 with the cutting of steel for its hull.

The facility will be installed in Malaysia’s Kanowit gas field, 180 km offshore Sarawak. It will produce 1.2 million tonnes/year of LNG. Petronas said it will play a significant role in efforts to unlock gas in Malaysia’s remote and stranded fields currently deemed uneconomical to develop (OGJ Online, June 6, 2012).

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