Ooo, is this a foreshadowing? Dateline Asean Beat, 2013-08-15:
The leader of Indonesia’s oil and gas regulatory committee, Rudi Rubiandini, was placed under late on Tuesday. Rubiandini, who was appointed head of SKKMigas in January, was taken into custody with three unnamed acquaintances. SKKMigas oversees oil and gas sale and distribution under the country’s energy and mineral resources ministry.
…
Leave a Comment » | 
oil and gas | Tagged: Indonesia, Migas | 
Permalink
Posted by Wata
Dateline Chicago Tribune 2013-08-15:
Energy majors Exxon Mobil Corp and Royal Dutch Shell are among the suitors advancing to the next round of bidding for Newfield Exploration Co’s Malaysian and Chinese oil and gas fields valued at about $1.2 billion, people familiar with the matter said.
Newfield and Hess Corp are among a number of U.S. energy companies unloading ageing and less productive oil and gas fields to invest in more strategic and profitable projects, particularly in and close to their home markets. The moves are driven in part by activist shareholders.
Leave a Comment » | business opportunity, Malaysia, oil and gas | Tagged: ExxonMobil, Hess, newfield, Shell | Permalink
Posted by Wata
Dateline Offshore Magazine, 2013-08-07:
Lundin Petroleum has submitted a development plan to Petronas for the Bertam oil discovery offshore Peninsular Malaysia.
The company has a 75% operated interest in the surrounding PM307 license, which also contains the Tembakau gas accumulation.
Lundin expects approval for its plan later this year. Bertam, which has gross 2P reserves of 17 MMboe, is expected to deliver first oil in 2015 and peak at 15,000 b/d.
Leave a Comment » | business opportunity | Tagged: Lundin, Tembakau | Permalink
Posted by Wata
From the Malaysian Reserve, dateline 2013-07-29:
Oil and gas company NGC Energy Sdn Bhd has appointed drug-intervention community- based organisation Komited Malaysia (formerly known as DIC Pahang) as subdistributors for MIRA Gas cooking gas cylinders, while launching its exclusive edition Getting-to-Zero Firesafe Fire Extinguisher in aid of the Malaysian AIDS Foundation (MAF).
According to NGC Energy Sdn Bhd GM Julianna Kamaruddin, as a result of its appointment, Komited Malaysia will be responsible for distribution and sales of the MIRA cooking gas cylinders in the Kuantan region, with up to RM3 from the sales of each cylinder going to the organisation.
…
2 Comments | Malaysia | Tagged: DIC Pahang, MIRA, NGC | Permalink
Posted by Wata
In the lobby of Tower 1, KLCC is a listing of companies under the PETRONAS group.
You can glean a lot from this list:
Leave a Comment » | Malaysia, oil and gas | Tagged: Petronas | Permalink
Posted by Wata
Dateline 2013-07-31, Reuters:
Investors sold off shares in Malaysian oil and gas services firms after Reuters reported state-owned Petronas will start a planned $19 billion petrochemicals complex in 2018, signalling a delay in awarding work contracts for the massive project.
Malaysia’s top ten oil and gas services firms by market capitalisation have been popular with investors this year, soaring an average 55 percent so far, well ahead of the local bourse’s 5.2 percent gain.
News of a further delay to the refinery and special chemicals project took some wind out of the sector, which has been expanding rapidly to capture regional deepwater exploration and production jobs and benefit from Petronas’ $93 billion capital spending in 2011-2015.
…
Leave a Comment » | Malaysia, oil and gas | Tagged: Petronas, RAPID | Permalink
Posted by Wata
Well wishes on Malaysia 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.
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!
I’ve had days of interpreting bad data. Apparently is catching.
Bad Science: Quacks, Hacks, and Big Pharma Flacks, Bad Astronomy: Misconceptions and Misuses Revealed, from Astrology to the Moon Landing “Hoax”, Bad Pharma: How Drug Companies Mislead Doctors and Harm Patients
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: Coastal Energy, EMEPMI, EPMI, Exxon, newegg, pantang di cabar, Synergy, Tuah Jebat, Will to Compete, Young Turks | Permalink
Posted by Wata
So fast? This is how you make money. The Edge, Dateline 2013-07-30:
Sona Petroleum Bhd said today it has received a number of proposals for possible acquisition targets.
“We have received quite a number of proposals from the regions of interests,” managing director Datuk Seri Hadian Hashim told a press conference today at the listing ceremony of Sona.
“The team will have to go through the proposals when the listing is over,” he said.
Sona Petroleum — a special purpose acquisition company (SPAC) which acquires assets in the exploration and production phases of the oil and gas value chain – has said it is setting its sights to acquire assets in the Middle East, Africa and Southeast Asia.
Hadian did not offer more details but said Sona is also likely to make ventures into acquisitions of exploration and development assets when “there is profitability and when the opportunities arise”.
…
Leave a Comment » | investment, Malaysia, oil and gas | Tagged: Sona Petroleum | Permalink
Posted by Wata
FMT, dateline 2013-07-30:
Had the oil and gas of Sabah not been swindled away by the Barisan Nasional federal government, today her people probably would not have to endure the agony of having to line up for hours and hopping from one gas station to another for diesel.
It is a shameful reality that 95% of our oil and gas was illegally taken away from us.
Why do we say it was illegally taken away?
…
Leave a Comment » | Malaysia, Malaysian election, oil and gas | Tagged: BN, Sabah | Permalink
Posted by Wata
Okay, this is really out of date info, but I’m behind, so much news to share. “Water supplies”?
From FMT, dateline 2013-07-30:
Petronas will start up its $19 billion petrochemicals complex in Malaysia in 2018, the company told Reuters on Tuesday, signaling a further delay in the country’s largest-ever infrastructure project.
A delay to the project in Johor could deal a potential blow to the economy of as well as local oil and gas services firms hoping for work on the massive complex.
A source familiar with Petronas’ business strategy told Reuters the project had been complicated by a need to secure water supplies as well as cater for proposed international partners.
…
2 Comments | Malaysia, oil and gas | Tagged: Pengerang, RAPID | Permalink
Posted by Wata
Paypal donations accepted.
Wata - Malaysian Oil and Gas Engineer 