Hess And Newfield To Auction Their Asian Assets

July 18, 2013

Dateline 2013-06-21, Value Walk:

Hess Corp. (NYSE:HES) and Newfield Exploration Co. (NYSE:NFX) have separately launched auctions to offload their Asian oil and gas assets. The value of their combined assets put on sale could go up to $3 billion, people familiar with the matter told Denny Thomas of Reuters.

Hess Corp

U.S. companies have increasingly been selling their less productive and aging oil and gas fields in Asia. They are now investing in more profitable and strategic projects, especially in their home markets. Hess Corp. (NYSE:HES) and Newfield Exploration Co. (NYSE:NFX) have followed the same path, mainly due to mounting pressure from activist shareholders.

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Posted by Wata

Diving Photos – Maratua

July 17, 2013

If you wanna go diving, I have been to Maratua Paradise Resort. Some of my dive photos can be seen here, and here. Just for a change, I’m using my Flickr account.

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Ambalat Border Dispute Ignored for Joint Indonesia/Malaysia Exploration Efforts

July 16, 2013

Ah, diving, oil and border disputes. When is the movie coming out?

Dateline 2013-06-17:

 Indonesia’s Energy and Mineral Resources Ministry has set aside an ongoing territorial dispute over the oil-rich Ambalat waters and teamed up with Malaysia to conduct geological explorations in the Borneo border area of Nunukan.

The new partnership was established by both governments in an aid to better manage the massive potential of natural resources in the border area that could be developed and utilized for the betterment of the people in both countries.

Parts of the program are managed by Indonesia’s National Border Management Agency (BNPP).

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Kuala Besut N01:Husam, Lebuhraya Rakyat, Apa Khabar?

July 15, 2013

Kickdefella

Dalam kedamaian kempen PRK Dun Kuala Besut, Husam sebagaimana biasa membawa isu berkaitan royalti minyak. Dalam ceramah kelompok beliau di Kg Pusu Tinggi, Husam mengambil Qatar sebuah negara OPEC untuk dibandingkan dengan sebuah Negeri Terengganu dalam soal pengeluaran minyak. Beliau juga cuba membayangkan  seolah olah setiap rakyat di Terengganu boleh hidup seperti rakyat Qatar mewah dan memiliki tanah dan rumah besar besar persis seorang peniaga Skim Cepat Kaya yang memotivasikan rakyat supaya merasa diri sentiasa ditindas.

Adakah Husam sedar bahawa ramai rakyat dibawah tahu berfikir, bagaimana mungkin membandingkan sebuah Negeri dengan sebuah Negara Qatar yang hanya mempunyai penduduk seramai 1.9 juta orang. Lain kali kalau  nak bandingkan sesuatu biar kena pada tempatnya, bandingkanlah Qatar dengan Negara Malaysia yang berpopulasi 28 juta, barulah adil.

Husam sepatutnya melihat semula ke negeri Kelantan semasa beliau menjadi Exco negeri selama berpuluh tahun. Apakah Husam bawa kepada rakyat Kelantan?. Apakah janji janji yang ditabur olehnya…

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Saturday Star 2013-07-13 – Job Opportunities

July 15, 2013

Buy my recommendations, or through my Amazon store. Where are those corporate sponsors? Or throw donations at me.

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, lead piping designer, lead instrument engineer, and other seniors you think will catch my eye.
  • Lundin‘s looking for an operations engineering and maintenance manager (onshore), operations superintendent (offshore), senior operations support engineer (onshore). if your genus matches this requirement, send your cv here.
  • Victoria Production are providing ‘FPSO career opportunities’, Operations and Mnaintenance Positions (Malaysia). ONshore positions are Opns Man, Training Man, Marine Supt, Tech Supt, HSE Supt, Training Coordinator, Mech/Marine Eng, E&I Engineer, CMMS/Planner, Integrity Eng, Crewing Coordinator. Offshore positions are Prod Supv, Maint Supv, Marine Supv, Lead E&I Tech, PCR Operator. Send your cv here
  • 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!

  

If you are interested in oil and gas surface facilities, I would recommend getting Surface Production Operations, Volume 2:, Second Edition: Design of Gas-Handling Systems and Facilities and Surface Production Operations, Volume 1, Third Edition: Design of Oil Handling Systems and Facilities. And don’t forget the Coulson & Richardson classic, Chemical Engineering, Volume 6: An Introduction to Design (Chemical Engineering Technical Series)

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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Posted by Wata

Thousands rally in Indonesia over fuel price hikes

July 14, 2013

How about we have a pre-emptive rally?

Dateline 2013-06-17, FMT:

Thousands of protesters rallied across Indonesia today against government plans to hike the price of fuel, with police in one city firing tear gas to stop hundreds storming the local parliament. Demonstrations were held in the capital Jakarta and other cities as lawmakers gathered to decide on budget amendments that will pave the way for the government to announce the first price hike since 2008. Fuel prices have long been a flashpoint issue in Indonesia, with economists arguing that huge government subsidies are damaging Southeast Asia’s top economy.

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Posted by Wata

Malaysia’s $30 bln drive reverses oil decline, boosts gas

July 13, 2013

Dateline 2013-06-14, Reuters:

Malaysia’s $30 billion push to find more oil and gas is paying off, with domestic crude output bouncing off a recent 20-year low and natural gas production on track to hit a record high before the end of the decade.

Southeast Asia’s second-biggest oil producer expects its crude and condensate output to rise to more than 600,000 barrels per day (bpd) in the next five years as new big fields start up and natural decline is stemmed at mature fields.

Malaysia’s oil output is not likely to rise much higher than that as most recent finds have been gas, although production of liquids may briefly approach former levels near 700,000 bpd when some of the new fields hit their peaks.

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Kedah to revive Yan Petroleum Industrial Zone (Zipy) project Read more: Kedah to revive Yan Petroleum Industrial Zone (Zipy) project

July 12, 2013

Dateline 2013-06-12, NST:

Kedah government will revive the Yan Petroleum Industrial Zone (Zipy) which was shelved after Pakatan Rakyat came into power in 2008, said Menteri Besar Datuk Mukhriz Mahathir.

He announced that Merapoh Resources Corp Sdn Bhd’s oil refinery and pipeline project would be developed on a bigger scale compared to when it was first proposed to the Barisan Nasional-led state government in 2007.

The state government is expected to rake in more than 400 millions of ringgit in profit from the proposed project, which Pakatan Rakyat changed its name to Sungai Limau Hydrocarbon Hub (Sulihh) when it was in power.

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Posted by Wata

Ananda Krishnan controlling Malaysia’s O&G?

July 11, 2013

Ah, now I know where marketing efforts should go.

Dateline 2013-06-12, FMT:

Has billionaire entrepreneur Ananda Krishnan secured direct control of a series of Sarawak’s off-shore oil fields through his Pexco division? Pexco is the natural resources division of Usaha Tegas, which is controlled by Krishan. The question surfaced after Pexco chief executive officer Sean Guest posted an update on Linked-in describing the oil and gas company as having “one of the largest acreage holders in Malaysia”. Pexco’s  “primary assets” according to Guest are now in Australia, Indonesia, Malaysia and Etiopia. Guest’s CV posting noted that Pexco is focused in Australia-Asia and the Indian-ocean rim and has regional offices in these areas.

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Shout Out – Talk Detection System – Preventive Or Mitigation Or Both

July 10, 2013

This is a shout out for the IEM. My Technical Division will be  hosting a talk on the 13th July, 2013. It’ll be at 9.00 am  (makan-makan at 5.30).

Fire triangle is represented by the elements of Fuel, Oxygen and Heat Source. Vapour / Gas Explosion have 2 additional elements namely Dispersed state (stratified due to vapour density differences) and “Confined” Area for the accumulation of the gas/vapour.

In the O&G industries, detection system is more than just fire detection because it would be too late as the environment maybe hostile filled with flammable vapour or explosive gases, a catastrophic incident may occur.

The detection systems main focus probably on preventive, detecting the presence of hydrocarbon explosive gases in the vicinity, in this respect installing fixed and use of portable gas detectors are deemed as necessities. However, manufacturers using hydrocarbon in their processes seldom have gas detectors instead the use of ventilation system in diluting the area and limiting the amount of such fuel inside the area.

Electrical equipment will be a major heat source therefore the selection of the equipment must be in accordance to:
•    BS EN 60079-14:2008 Explosive atmospheres. Electrical installations design, selection and erection (Malaysian Standard MS IEC 60079-14:2008)
•    NFPA 70 National Electrical Code

Detection systems that are designed to mitigate an incident will take the by-products  of a fire to evacuate the staff within the area or activate a suppression system. In this respect, losses arising from a fire incident will be mitigated.

Ir. Gary Lim Eng Hwa; is an experienced and qualified Professional Engineer with over 20 years of manufacturing experience in these areas; Industrial Engineering (Work Study), Project Management, Maintenance, Production and Factory Management. The 20 years of his work spanned over various industries namely industrial chemicals, diary products, jam, sauces, chocolates, confectionnaires, industrial gases (liquid nitrogen, oxygen, argon, etc), blow moulding of plastic containers and paint manufacturing (highly fire hazardous).

Register here or download the form here. A map to Wisma IEM is presented here.

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Posted by Wata

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