Dateline 2013-09-03, NST:
WASTEFUL: Malaysians are not energy efficient and prone to abuse the low price of electricity
TENAGA Nasional Berhad (TNB)has dropped a hint that the electricity tariff in Malaysia in likely to be revised next year, citing the higher cost of fuel in recent years.
The recent statement by TNB’s president and chief executive officer suggests that the company is looking into increasing the power tariff while stressing that it will not burden households.
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Malaysia, Malaysian election | Tagged: bill, tariff, TNB | 
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Posted by Wata
Eid Mubarak.
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.
Help me (and you) increase my cloud presence. Pleease use some form of cloud storage, so if you lose your laptop with those oh-so-important reports, be assured that (with Internet access) the files are still accessible. Use my referrals for Dropbox, MiMedia, SpiderOak, MediaFire, Ubuntu One, Sugar Sync.
Break the Low Yat stranglehold! Support Newegg Malaysia, or check Amazon’s International Shipping. Yeah, baby!
Let’s go back to basics, the quanta of it all:
Alice in Quantumland: An Allegory of Quantum Physics, The Wizard of Quarks: A Fantasy of Particle Physics, Scrooge’s Cryptic Carol: Visions of Energy, Time, and Quantum Nature
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.
Food? Doctor says I need to lose weight, sugar, cholesterol. Wish me luck.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: camino, Jerry Varghese, newegg, Synergy, technip | Permalink
Posted by Wata
Describing the location of the early PETRONAS offices:
“He had to take his wife over one weekend and show her where the PETRONAS offices were located – at the fringe of the red light district (in KL) of course. At that time, PETRONAS had to rent parking areas for the staff right inside the red light district itself and that was where he had parked his car.”
If you are looking for more ideas, visit here.
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Posted by Wata
Visit here for some energy saving tips.
Dateline 2013-08-30, The Star:
Electricity bills are likely to go up as the Government is expected to reduce subsidies for natural gas in its bid to improve Malaysia’s fiscal position.
“The subsidy bill for the power sector has been creeping up … if the Government doesn’t do anything, the subsidy bill would go higher and higher,” MyPower Corpchief executive officer Datuk Abdul Razak Majid said at a media briefing yesterday.
The last electricity tariff hike took effect in June 2011 when the subsidised gas price was raised to RM13.70 per million metric British thermal unit (mmbtu) from RM10.70 per mmbtu previously.
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Leave a Comment » | investment, Malaysia, Malaysian election | Tagged: bill, power | Permalink
Posted by Wata
Wonder when LNG will get off my radar? And I guess I better treat Nigerians better than I usually do.
Dateline 2013-08-26:
Petroliam Nasional Bhd (Petronas), Malaysia’s state-owned oil and gas producer, is sending the Seri Bijaksana to load a spot cargo of liquefied natural gas in Nigeria, a company official said.
The shipment was sold last week as part of Nigeria LNG Ltd’s tender to sell two September-loading cargoes, according to the official, who asked not to be named because he isn’t authorized to speak to the media.
The tanker, which has a capacity of about 153,000 cubic meters, will arrive tomorrow at Nigeria LNG’s Bonny Island terminal, according to ship transmissions captured by IHS Fairplay on Bloomberg. Deliveries from Nigeria LNG, Africa’s biggest exporter of the fuel, resumed July 26 after the company lifted a force majeure.
Leave a Comment » | investment, Malaysian election, oil and gas | Tagged: LNG, Nigeria | Permalink
Posted by Wata
That’s because when gas is bought at market rates, the cost is passed on to the voters.
Dateline 2103-09-23, from Sin Chew Jit Poh:
HwangDBS Vickers Research, which maintained a buy call on Petronas Gas Bhd, expects a stronger second half this year led by the maiden contribution from the Melaka Regas plant and larger gas capital expenditure.
“We expect earnings to recover in the second half and management has guided for 3-5 per cent per annum earnings growth from the Regas plant, thus contributing to a promising outlook as Petronas planned to invest RM15 billion to find new gas to cater for the rising demand in Peninsular Malaysia,” it said in a research note today.
The company was also poised to secure overseas ventures given its strong balance sheet, HwangDBS said.
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Leave a Comment » | Malaysia, Malaysian election, oil and gas | Tagged: Petronas, PGB | Permalink
Posted by Wata
From SPAC to PSC in one fell swoop? This is how you break into the O&G big bucks.
Dateline 2013-08-21:
Malaysia’s first special purpose acquisition company (SPAC), has been short-listed for the second round of bidding for Newfield Exploration Co’s Malaysian and Chinese oil and gas fields valued at about US$1.2 billion (RM3.94 billion).
“It was only a handful of companies that made it to the second round from the 65 companies initially expressed interest, and we are one of them,” said Hibiscus MD Dr Kenneth Pereira.
Newfield, the fourth-largest oil producer in Malaysia, has an interest in about 3.3 million net acres offshore Malaysia and about 290,000 net acres offshore China but intends to sell these assets to focus on its North American operations.
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Leave a Comment » | investment, Malaysia, oil and gas | Tagged: Hibiscus, newfield, SPAC | Permalink
Posted by Wata
My technical division will be hosting a 1 day seminar on the 30th October, 2013. It is worth 6.5 CPD points, and held at Wisma IEM. Since I’m giving it, I expect hoards will have to be turned away at the gates.
A Hazard and Operability study is a formal and systematic and detailed examination of the process and engineering intentions of new or existing facilities which assesses the hazard potential and effects on the facility as a whole when operation is outside of the design envelope, or individual items of equipment malfunction.
This course is designed to educate participants in the HAZOP process from the perspective of a HAZOP team member. It is meant to provide both instruction and workshop sessions so that the participants:
- Are familiar with the concept of ‘risk’
- Are familiar with the theory behind HAZOP
- Are familiar with the actual HAZOP workshop process
- Have expectations as to what the HAZOP will (and won’t provide)
- Understand what deliverables can be expected from a HAZOP
- Have the opportunity to participate in HAZOP exercise in a safe environment
- Opportunity to share HAZOP experiences
At the end of the session, the participants should:
- Understand the responsibilities of all parties in the HAZOP
- Have experience in a HAZOP session.
- Understand the outcomes from a HAZOP session
Wata has 16 years of experience in the oil and gas industry, in both design and operations.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: course, HAZOP, razmahwata | Permalink
Posted by Wata
This is a shout out for the IEM. I’m giving a talk (shameless self promotion) with my Technical Division on 19th October, 2013. It’ll be at 8:30 am (makan-makan at 8:00) at Wisma IEM.
This presentation will provide a quick introduction into the engineering of oil production. It will start with an introduction to important oil properties to consider when producing an oilfield, and how this data is used. It then moves to a generic offshore production facility, pointing out the salient points, design considerations and major equipment used in oil production. It closes out with a quick look at downstream facilities.
Registration for the above talk may be done here, and the flyers may be picked up here.
Leave a Comment » | Chemical, engineering, Malaysia | Tagged: IEM, OGMTD | Permalink
Posted by Wata
This is a shout out for the IEM. My Technical Division will be hosting a seminar on the 13th November, 2013. It’ll start at 9:00 and is worth 6.5 CPD hours.
Drilling Engineering Overview shall present the audience with the knowledge and arts of drilling wells, especially in Malaysia. It shall be presented in a way that is comprehensible to the engineers who are with or without the oil and gas background. The objectives of the seminar are to provide exposure to audiences on the drilling practices and issues as well as to familiarize the audience with an appreciation of a Drilling Engineer’s work scope.
Ir. (you gotta stress the Ir.) Razak Yakob has been in the oil and gas industry for 16 years working for companies such as ExxonMobil, Halliburton, and Talisman Energy. His core expertise is in Drilling Engineering but the working experience spans from development and exploration, technical support, training, finance and consultation, As a consultant, he has worked in countries such as China, India, Indonesia, Thailand, Algeria and others. Currently, he is an independent consultant providing consultancy services for Drilling Engineering at PETRONAS Carigali Sdn Bhd. He was a graduate of Colorado School of Mines in the United States with a degree majoring in Petroleum Engineering and a minor in Mechanical Design.
Register here or download the form here. A map to Wisma IEM is presented here.
Leave a Comment » | engineering | Tagged: drilling, seminar | Permalink
Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 