My apologies. I was out of the country over the weekend (I’ll show you where later) and didn’t have access to The Star. So, for those of you with a bit of spare cash, can you toss it my way?
Saturday Star 2013-11-09 – Job Opportunities
November 14, 2013
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Posted by Wata
Shell invests RM3.2b in Malaysia
November 14, 2013Dateline 2013-09-25, Malaysian Reserve:
Shell Malaysia has reiterated its confidence to invest US$1 billion (RM3.22 billion) in fixed investments in the Malaysian oil and gas (O&G) industry, providing employment to over 6,500 people, Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed said.
“I just had a discussion with the Shell leadership including Shell’s group CEO and they have expressed confidence in the country and will continue to invest in the country, he told newsmen after delivering a keynote address at the Shell Malaysia Innovation Summit in Kuala Lumpur yesterday.
A key project that Shell is working on is the Gumusut Kakap, a deepwater field which Shell is developing with Petronas Carigali Sdn Bhd, ConocoPhillips and Murphy. When it goes into full production, it is expected to contribute 20% to 25% of Malaysia’s oil production, with design capacity of 150,000 barrels per day.
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Leave a Comment » | Malaysia, oil and gas | Tagged: ConocoPhillips, Murphy, PCSB, Shell | Permalink
Posted by Wata
RPT-Fitch affirms Malaysia’s PETRONAS at ‘A’; outlook negative
November 13, 2013Reuters, dateline 2013-09-23:
Fitch Ratings has affirmed Malaysia-based Petroliam Nasional Berhad’s (PETRONAS) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘A’, and its Short-Term Foreign-Currency IDR at ‘F1’. The Outlook on the Long-Term IDRs remains Negative.
At the same time, Fitch has affirmed PETRONAS’s foreign currency senior unsecured rating at ‘A’, including debt issued by PETRONAS Capital Limited and guaranteed by PETRONAS. PETRONAS Global Sukuk Ltd’s USD trust certificates have also been affirmed at ‘A’.
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Leave a Comment » | investment, Malaysia | Tagged: Petronas | Permalink
Posted by Wata
IEM Shout Out – Visit to Lynas Advanced Materials Plant (Lynas Advanced Materials Plant (LAMP), Gebeng Industrial Estate, Kuantan, Pahang)
November 12, 2013This is a shout out for the IEM. My technical division will be hosting a trip to Lynas Advanced Materials Plant (Lynas Advanced Materials Plant (LAMP), Gebeng Industrial Estate, Kuantan, Pahang.) on the 23rd November, 2013. You will be anointed with 3.5 CPD / PDP hours.
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Lynas Advanced Materials Plant (LAMP), situated in Kuantan, Pahang is a state-of-the-art Rare Earths processing plant that process Rare Earths sourced from Mount Weld in Western Australia, the richest known deposit of Rare Earths in the world. The visit aims to enlighten participants of the properties of Rare Earths, their use and the daily operational aspects of LAMP.
Tentative schedule:
- 7.00 am Bus departs from IEM, PJ
- 10.00 am Arrival at LAMP
- 10.00 am – 12.00 pm Briefing on LAMP Operation
- 12.00 pm – 12.30 pm Q&A Session
- 12.30 pm – 1.30 pm Tour of Plant
- 1.30 pm – 2.00 pm Catered Lunch at LAMP
- 2.00 pm End of tour and depart to IEM
Leave a Comment » | engineering, Malaysia | Tagged: IEM, LAMP, Lynas | Permalink
Posted by Wata
Jeffrey claims Majid’s revelations helped to confirm suspicions
November 12, 2013Daily Express, dateline 2013-09-19:
Sabah State Reform Party (Star) said the revelations by former United National Kadazan Organisation (Unko) Deputy Secretary-General Tan Sri Majid Khan recently regarding Federal Government policy on oil proved that Federal leaders were prepared to concoct lies “to steal Sabah’s oil and gas.”
Its Chief, Datuk Dr Jeffrey Kitingan, said the explanation by Federal leaders in the 1970s that oil found on-shore belongs to Sabah while offshore belonged to the Federal Government showed that it wants Sabah’s oil and gas at all costs.
He was commenting on a talk presented by Tan Sri Majid Khan at the recent forum “The Formation of Malaysia – The Untold Story” organised by the Sabah Society.
Majid, according to Jeffrey, had said that whether it is true or lawful was another matter and it was up to the present Sabahans to take the matter to court to determine its legitimacy.
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Leave a Comment » | Malaysia, Malaysian election, oil and gas | Permalink
Posted by Wata
After petrol price hike, Maybank research unit expects GAS & ELECTRICITY TO BE NEXT
November 10, 2013Dateline 2013-09-19, Malaysia Chronicle:
Gas and electricity prices are likely to be next in a round of price hikes following the fuel subsidy cut earlier this month, Maybank Investment Bank (IB) Research predicted today.
In its daily report, Maybank IB has predicted further subsidy rollbacks since the total savings from the Performance Management and Delivery Unit’s Subsidy Rationalisation Roadmap in 2010 has been much less than intended.
“Total savings since 2010, at RM9 billion into 2014, is a pale comparison to what was intended in the 2010 Roadmap.
“Considering its inflationary impact and the need to sustain domestic consumption, we take the view that upcoming subsidy rollbacks will remain gradual. We think gas and electricity prices will be next to be addressed,” said the report here.
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Posted by Wata
Japan’s JX acquires stake in deepwater Malaysia block
November 9, 2013From The Sun Daily, 2013-09-19:
Japan’s JX Nippon Oil & Gas Exploration Corp said on Thursday it has acquired a 40% stake in the Deepwater Block 2F off the coast of Sarawak in Malaysia.
JX and Petroliam Nasional Bhd (Petronas) have entered into a production sharing contract for the block, JX’s sixth block in Malaysia and its fourth as an operator, it added.
Petronas also holds a 40% stake, while GDF Suez E&P Malaysia BV has the remaining 20%. The exploration period is four years.
“Deepwater Block 2F is located in the northwest of Sarawak, with 5,500 sq km surface area and 100-1,200m water depth,” JX said.
Leave a Comment » | Malaysia, oil and gas | Tagged: JX | Permalink
Posted by Wata
1 Country Fueling Big Profit Margins for Big Oil
November 8, 2013Dateline 2013-09-17, The Motley Fool:
Most of us probably have no idea where Malaysia is located. Even fewer probably know of its natural resource riches. That needs to change because Malaysia should prove to be an important location for oil companies looking for growth. Not to mention its importance to investors looking to profit from that growth.
For those needing a quick geography lesson, Malaysia is located in Southeast Asia and it’s actually two separate land masses separated by the South China Sea. Its that geographic location that’s important because of its close proximity to oil thirsty China.
Speaking of oil, Malaysia is actually the second largest oil and gas producer in Southeast Asia and it’s the second largest exporter of liquefied natural gas in the entire world. Further, Malaysia is estimated to hold the fifth largest oil reserves in Asia-Pacific and one of the top 30 holders of oil reserves in the world. Malaysia really is resource rich.
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Leave a Comment » | Malaysia, oil and gas | Tagged: Motley Fool | Permalink
Posted by Wata
Petrofac wins training contract with Malaysia’s Petronas
November 7, 2013Dateline 2013-09-16, IFA:
Oil and gas services provider Petrofac is to operate and manage two training facilities for Malaysian oil major Petronas in a contract worth 120m dollars.
The company is currently constructing two upstream plant training facilities and a downstream facility to support Petronas’ workforce capability enhancement programme. The two upstream facilities will be managed by Petrofac for the next five years and will see 500 delegates trained each year. There is the option to extend the agreement for a further two years.
Andy Inglis, the head of Petrofac Integrated Energy Services, said he was ‘delighted’ to build on the existing relationship with long-term customer Petronas.
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Leave a Comment » | Malaysia, oil and gas | Tagged: Petrofac, Petronas | Permalink
Posted by Wata
JX Nippon SK10 10th Anniversary Dinner
November 6, 2013Do I need to add anything further? Dinner was held on Oct 25th, 2013.
Leave a Comment » | Malaysia, oil and gas | Tagged: Helang, JX Nippon, SK10 | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 