Petronas warns of tough times ahead as 2Q net profit dips 30%

September 18, 2012

Dateline 2012-09-10:

Petroliam Nasional Bhd (Petronas), which posted a 30% fall in net profit to RM15.2 billion for its second-quarter (2Q) ended June 30, 2012, compared to RM21.7 billion in the same quarter last year, expects a challenging time in terms of earnings for the rest of the year due to lower production, lower oil prices and rising expenditure.

Its president and chief executive officer Tan Sri Shamsul Azhar Abbas said it was going to be difficult for the national oil company to match the RM90 billion earnings recorded in its financial year ended Dec 31, 2011 (FY11).

…

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Saturday Star 2012-09-15 – Job Opportunities

September 17, 2012

To all readers, Eid Mubarak (yes, I’m a few days late, not making up my own madhab).

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

If you need my help to submit your CVs, donate to the blog, and I’ll review your CV to see if it is worthy of my (and my associates’) expectations. If you can’t figure out how to donate, no need to ask.

  • 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.
  • Think the papers are on Malaysia Day Leave

May I suggest that readers try Bluestacks? Run your Android apps on your Windows tablet, so you can buy that Win8 tablet (and buy me one) without worrying you won’t have anything to play on it!

Support your local bookshop!  Bookalicious at The Summit Subang is a good choice. I think they focus on trilogies, quadrilogies, and other ologies. Tell them I sent you, and enjoy the look of perplexity on their faces. Those of you who have dropped my name, thanks!

As this is Syawal, the mind turns to the history of computer hacking. Yes, you go find the link between the two.

  

Microsoft Word 2010 In Depth, Microsoft Word 2010 Step by Step (Step By Step (Microsoft)), Microsoft Word 2010 Plain & Simple: Learn the simplest ways to get things done with Microsoft Word 2010!

This week’s food promotion is … any open house I can find.

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Another ‘robbery’ of Kelantan’s oil wealth?

September 17, 2012
 Oh, please, what do you mean ‘claim’?
Dateline 2012-09-08:
Kelantan state exco Husam Musa has claimed that plans are afoot to build pipes to channel oil resources extracted from Bunga Kamelia zone in Kelantan to Kemaman in Terengganu.

Husam said starting next year, national oil giant Petronas would land gas in Terengganu, after extracting it from Block PM301 in Bunga Kamelia zone, which falls under Kelantan’s territory.

…

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Tales from the Engineering Floor – Slow Chemical Reaction

September 16, 2012

This is one of the slowest chemical reactions you will see during this festive month. Don’t know what it is? Go search for info. And it’s done overnight (these photos were taken at 1am)

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IEM Shout Out – Talk on Green Energy Potential in the Palm Oil Industry

September 15, 2012

This is a shout out for the IEM. The Chemical Engineering Technical Division (know as CETD to friends) will be having a talk on Saturday, 6th October, 2011.

The Palm Oil industry in Malaysia had attracted much negative publicity mostly from European NGOs on the issue of sustainability. As part of the measure to mitigate this issue, the Malaysian Government is encouraging the Palm Oil industry to reduce its carbon footprint.

Therefore all Mills in Malaysia are encouraged to convert the palm oil mill effluent into biogas by 2020. Conventional biogas technology had been around for more than 20 years but with the world’s energy prices going higher and with the Malaysian Government’s Feed-in-Tariff (FiT) program, there is a need to develop higher efficiency Biogas system.

Anaerobic Membrane Bioreactors is a fairly new development around the world and recently these anaerobic membrane bioreactors (An-MBR) had been used for the first time in the world for treating palm oil wastewater. As a result, more difficult processes such as thermophilic digestion with An-MBR system can become a reality and it had resulted in superior biogas yield. Through the latest technology, the green energy from the Mill can be harvested and potentially converted into other form of fuel.

As for the speaker:

Mr. B. P. Chow is a Chemical Engineering graduate from the University of Birmingham. He is a Fellow of the Institution of Chemical Engineers (IChemE) as well as a Chartered Engineer. Presently he is the Deputy Chairman of IChemE Malaysia and the Managing Director of Aquakimia Sdn. Bhd. He had more than 34 years of working experience primarily in the Palm Oil, Water & Wastewater business. He had been instrumental in bringing the Kubota Membrane Bioreactor technology from Japan to use local engineering to adapt it for the Palm Oil Industry

Water pinch sounds interesting. Please come along, and partake of the food (both intellectual and physical).

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

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IEM Shout Out – CETD 26th AGM

September 15, 2012

The Chemical Engineering Technical Division AGM will be held at 3rd Floor, TUS lecture room, Wisma IEM, 21 Jalan Selangor, Petaling Jaya.

It will be held at 11am on Saturday, 6th October 2012.

Flyers for the above and other events may be obtained here. A map to Wisma IEM is presented here.

Come, y’all and heckle us.

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Oil-rich Sabah still the poorest

September 14, 2012

Dateline 2012-09-07:

The oil royalty re-negotiations which both Sabah and Sarawak chief ministers have suddenly agreed to would have to take into account history and the actual numbers earned by Petronas and the federal government.

It is vital that the leaders go into these discussions with Putrajaya knowing the true facts of the agreement and the events leading up to how both states were “coerced” into signing the agreements.

If I recall correctly, Sarawak commenced its oil production in the early 1900s. Sabah has been producing oil for 30 years now.

…

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Gas Malaysia: 80% of gas taken up, additional volume to be delivered via extended pipeline

September 13, 2012

Where is this extended pipeline? Kelantan? Johor?

Dateline 2012-09-04:

Gas Malaysia Bhd has officially secured contracts for more than 80% of the additional natural gas volume that is coming on stream next year.

Gas Malaysia managing director Datuk Muhammad Noor Hamid said most of the 40 million standard cu ft per day (mmscfd) increased allocation by Petronas next year had been allocated for new customers and existing ones that were undertaking expansion of their facilities.

“The volume of gas is just waiting to be delivered via our extended pipeline. Some of the pipelines are in the midst of construction while some are in the design process. The target is to make sure we complete these pipelines as quickly as possible so that when the gas become available by Jan 1, we can deliver it to our customers,” he told StarBiz.

…

 

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Labuan-based ASB Eyes O&G Sector In Sabah

September 12, 2012

Dateline 2012-09-04:

Asian Supply Base Sdn Bhd, a Sabah Government subsidiary, is eyeing opportunities in Sabah’s oil and gas industry particularly in Sipitang.

Chief Executive Officer Datuk Harris Tan said the business expansion to the Sabah mainland is in line with ASB’s diversification plan to become a major player in a highly competitive industry.

He said ASB is moving in the right direction to cater to the region’s increasingly active oil and gas industry.

“The company also has the capability and competency to support vessels such as fast crew boats, anchor handling tugs and multi-purpose vessels.

“Not only that, ASB has all the requirements to contribute to Malaysia’s aspiration to be a deepwater hub in this region.

…

 

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Dulu Minta Dikaji…

September 11, 2012

Kickdefella

… bila Jawatankuasa ditubuhkan untuk mengkaji, mereka tidak mahu pula kajian dibuat. Aneh sungguh.

“Pada 9 November 2009, saya mengatur satu pertemuan di antara YB Dato’ Husam Musa, YB Dr Hatta, YB Dzulkifli Ahmad dan YB Salahuddin Ayub dengan YBM Tengku Razaleigh Hamzah di Langgak Golf. YB Salahuddin Ayub tinggalkan Langgak Golf sebelum mesyuarat bermula untuk kembali ke Parlimen….”

Penentangan terhadap penubuhan Jawatankuasa Khas bagi mengkaji Bayaran Tunai Petroleum dikalangan pihak pembangkang dan kuncu-kuncunya jelas membuktikan mereka sebenarnya tidak faham langsung apa yang mereka tuntut. Mereka terus menuntut pemberian royalti sedangkan mereka tidak tahupun bahawa perkataan ROYALTI itupun tidak pernah wujud di dalam suratcara yang ditandatangani oleh Kerajaan negeri Kelantan dan PETRONAS.

PAS juga seolah-olah ketakutan dan mula panik kerana mereka sedar tuntutan mereka akan memberi kacau kepada peluang mereka di dalam pilihanraya di Terengganu. Ini kerana akibat dari tindakan tuntutan oleh PAS Kelantan, rakyat Terengganu berkemungkinan besar akan kehilangan…

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