PTPTN and the lack of Petronas specifics

August 17, 2013

Dateline 2013-04-20 (what?), the Sun

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This is certainly an interesting development, since it brings the discussion to a different level. Have Petronas funds been effectively used anyway, for all these years? How, indeed, is our government making use of the country’s oil and gas revenues? Are they being responsibly managed? What kind of governance and accountability are we assured in the process of managing such a tremendous amount of wealth, contributed by our natural resources?

Malaysia is classified as a resource-dependent nation, since about 40% of our national revenues comes from oil and gas. I have previously written in this column about the dangers of oil dependency and the need for better resource management (“The paradox of plenty”, Nov 25, 2011). In this piece, the focus will be on oversight of the oil and gas sector in Malaysia, and whether there is a sufficient institutional framework to support transparency and accountability of the funds involved.

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IEM Shout Out – Talk on Subsea Processing and The Subsea Factory Vision

August 16, 2013

This is a shout out for the IEM. My Technical Division will be having a talk on the 24th August, 2013. It’ll be at 9:00 am (makan-makan at 8:30) at Wisma IEM.

As demand for oil escalates and resources from the relatively easy onshore and shallow water fields becomes relentlessly depleted, oil companies are compelled to focus on more remote, complicated and deeper water reserves. This represents whole new technological challenges. Subsea production technologies have now come to the fore to be an enabler while contributing towards increased hydrocarbon recovery from this highly challenging environment. In recent years too, more and more equipment began to populate the seabed, thus giving birth to the ‘subsea factory’ vision. This presentation seek to provide an overview of some of the subsea processing technologies that made this transition from surface to the deep seabed possible, and giving a glimpse of how the subsea factory of the future may look like.

Lots of words. Further elaboration will be provided by Rudisham (Rudi) Marjohan:

Rudisham (Rudi) Marjohan graduated as a Mining Engineer from the Technical University of Nova Scotia, Canada in 1993 with a minor in Petroleum Engineering. He has served in both mining, and oil and gas industries, spending considerable amount of time in exploration and drilling activities in various capacities and responsibilities. In 2008, a change of perspective saw his involvement in subsea production systems with Framo Engineering, a Schlumberger company and a recognized leader in the manufacture and supply of multiphase pumps and subsea systems. Framo Engineering is now part of OneSubsea, a 60-40 collaboration between Cameron and Schlumberger. Rudi is now based in Kuala Lumpur and is OneSubsea’s Asia Sales Manager for Pumps and Subsea Processing Systems

You can register here, and fliers can be downloaded here.

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Posted by Wata

Petronas exec on trial for graft

August 15, 2013

Three comments: ‘once again’, small fry, and don’t senior managers earn this much in a week?

Dateline 2013-07-09:

 A senior manager with Petronas has once again been charged with graft. This time it involved accepting RM13,800 (S$5,500) in 2008.

Ishak Hashim, 47, was alleged to have accepted the bribes from two Erision Chem Sdn Bhd directors as incentives for supplying the company with liquified natural gas in 69 lorries.

Ishak claimed trial at a Sessions Court here to accepting RM200 for each lorry transporting gas from company directors Choo Ka Ckye and Abdul Khair Walli Mohamed at Lot 1485, Kampung Alor Janggus, Napoh in Jitra, between June 15, 2008 and noon on June 20, 2008.

He was alleged to have received the money through a third party account under the name of his friend Syed Mustafa Syed Abu Bakar.

…

 

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Posted by Wata

FOXE 2013 2Q meeting

August 14, 2013

Some photos from the FOXE 2013 meeting.

The following has been decided:

  • We need corporate sponsors
  • We will purchase a RSC from our petty cash box
  • Google glass is cool.

FOXE 2013-2Q

 

4 Comments | Malaysia, Malaysian election, oil and gas | Tagged: | Permalink
Posted by Wata

IEM Shout Out – Technical Visit to Consist (Safety Training Provider)

August 13, 2013

This is a shout out for the IEM. My Technical Division will hosting the above visit on the 27th August, 2103.

CONSIST (Construction and Industrial Safety Training) is a training and services group that focus only in the field of Safety, Occupational Health and Environment. Courses conducted by CONSIST are approved and accredited by the industries and government such as PETRONAS, Shell, ExxonMobil, Talisman, Murphy Oil, Petrofac and others. Among the government agencies that approved courses conducted by CONSIST are Department of Occupational and Health (DOSH), Malaysian Qualification Agency (MQA), Public Service Department (PSD), Department of Civil Aviation (DCA), Fire & Rescue Department, Royal Malaysian Air Force, Marine Department, Construction Industry Development Board and others. Since 1996 CONSIST has trained over 38,000 participants until end of 2011.

You can register here. Fliers may be obtained here.

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Posted by Wata

Saturday Star 2013-08-10 – Job Opportunities

August 12, 2013

Eid Mubarak, all!

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.

  • I’m looking for a senior process engineer, 7+ years experience. Send your cv here. Also looking for process safety persons, metering / measurement engineers and other seniors you think will catch my eye.
  • Side note: My mechanic complains that there are not enough trained mechanics are being extruded from our schools. If you know of any idle ones, he’s looking for some. Ask them to contact Kong Ming Chai at +60122951023. On another note, has this shortfall hit the news? Can I get the contract for 1Repair?

Help me (and you) increase my cloud presense. 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!

Some interesting book on display at Kinokunya:

Modern Chemical Enhanced Oil Recovery: Theory and Practice, Offshore Structures: Design, Construction and Maintenance, Glossary of the Petroleum Industry: English/Spanish & Spanish/English

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: , | Permalink
Posted by Wata

SapuraKencana among those invited to bid for Newfield assets worth US$1.7bil

August 11, 2013

Dateline 2013-07-09:

Up to 60 companies have expressed interest in Newfield Exploration Co’s oil and gas (O&G) assets in Malaysia and China, indicating strong interest for the assets which sources said are priced at around US$1.7bil (RM5.27bil).

However, less than half of the companies that had expressed interest have been issued with the info memo on the deal by Goldman Sachs and in accordance with the wishes of Texas-based Newfield. Stage 1 for bid submission is on July 16.

Bidders are now sorting out their funding arrangements for the planned acquisition while some are also looking to team up with other O&G players for joint-bids.

…

 

7 Comments | Malaysia, oil and gas | Tagged: | Permalink
Posted by Wata

Malaysia’s LNG exports decline to lowest

August 10, 2013

Dateline 2013-07-28:

Malaysia’s liquefied natural gas exports fell to the lowest level in 10 months in May, according to data from the Statistics Department.

Petroliam Nasional Bhd, the state-owned oil and gas producer, shipped 1.89 million metric tonnes of the supercooled fuel, the data show. That’s down about 0.1 per cent from April and is the smallest volume since July last year.

Petronas, as the Kuala Lumpur-based company is known, was paid RM4.33 billion, or about US$13.71 per million British thermal units (Btu), for the exports. It received US$13.11 per million Btu in April.

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Posted by Wata

IEM Shout Out – Talk on Subsea Processing and The Subsea Factory Vision

August 9, 2013

This is a shout out for the IEM. My Technical Division will be having a talk on the 24th August, 2013. It’ll be at 9:00 am (makan-makan at 8:30) at Wisma IEM.

As demand for oil escalates and resources from the relatively easy onshore and shallow water fields becomes relentlessly depleted, oil companies are compelled to focus on more remote, complicated and deeper water reserves. This represents whole new technological challenges. Subsea production technologies have now come to the fore to be an enabler while contributing towards increased hydrocarbon recovery from this highly challenging environment. In recent years too, more and more equipment began to populate the seabed, thus giving birth to the ‘subsea factory’ vision. This presentation seek to provide an overview of some of the subsea processing technologies that made this transition from surface to the deep seabed possible, and giving a glimpse of how the subsea factory of the future may look like.

Lots of words. Further elaboration will be provided by Rudisham (Rudi) Marjohan:

Rudisham (Rudi) Marjohan graduated as a Mining Engineer from the Technical University of Nova Scotia, Canada in 1993 with a minor in Petroleum Engineering. He has served in both mining, and oil and gas industries, spending considerable amount of time in exploration and drilling activities in various capacities and responsibilities. In 2008, a change of perspective saw his involvement in subsea production systems with Framo Engineering, a Schlumberger company and a recognized leader in the manufacture and supply of multiphase pumps and subsea systems. Framo Engineering is now part of OneSubsea, a 60-40 collaboration between Cameron and Schlumberger. Rudi is now based in Kuala Lumpur and is OneSubsea’s Asia Sales Manager for Pumps and Subsea Processing Systems

You can register here, and fliers can be downloaded here.

Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: | Permalink
Posted by Wata

FPS arrives at deepwater Malaysian field

August 8, 2013

Finally!

Dateline 2013-07-05:

Installation has begun of a semisubmersible floating production system (FPS) on deepwater Gumusut-Kakap oil field offshore Sabah, Malaysia (OGJ Online, Mar. 17, 2009).

The field, operated by Sabah Shell Petroleum Co. under a production-sharing contract with state-owned Petronas, began producing 25,000 b/d last November through tie-back of two subsea wells to Kikeh oil field operated by Murphy Sabah Oil.

Kikeh, Malaysia’s first deepwater field, began production in 2007 through a spar connected to a floating production, storage, and offloading vessel (OGJ Online, Aug. 11, 2011).

…

Leave a Comment » | Malaysia, oil and gas | Tagged: | Permalink
Posted by Wata

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