Cheap gas to TNB a ‘one-off’ deal, says Petronas

March 29, 2012

Start reviewing your power consumption habits now.

Dateline 2012-03-05:

Petronas today reiterated its unwillingness to continue selling subsidised gas to national power company Tenaga Nasional Bhd (TNB) for the generation of electricity.

The state oil firm’s president and chief executive, Datuk Shamsul Azhar Abbas, said Petronas’s offer to supply TNB with gas below market rates was a “one-off” affair and that the government should help pay for any future subsidies on gas.

“Never have we mentioned in the past that that’s going to be a continuous kind of handout to TNB,” he told reporters at Petronas headquarters here today.

“It’s supposed to be one-off because we pity them, begging all over… that they don’t have enough cash now to operate efficiently.”

…

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IEM Shout Out – Visit to Penjom Gold Mine

March 28, 2012

This is a shout out for the IEM. My technical division will be hosting a trip to Penjom Gold Mine, Kuala Lipis, Pahang on the 28th April, 2011. You will be anointed with 4 CPD / PDP hours.

Penjom Gold Mine is the largest producing gold mine in Malaysia and is owned by Indonesian based PT J Resources Nusantara. The mine is located in Kuala Lipis District, Pahang, 170km from Kuala Lumpur. A trip by road to Penjom may take 2 to 3 hours from Kuala Lumpur. Prior to 1990, mining activity at Penjom was intermittent during 19th and 20th centuries, exploiting oxide ore and alluvial deposit as well as into the deeper part by underground working. Production figure during this period was unknown. However, based on the intensity of old working underground shafts and tailing sand left over in certain areas, the amount of gold extracted must have been quite substantial.

A review of the economic potential of gold by the Pahang State Government in early 1990 led to major exploration work; which succeeded in bringing Penjom back to the world map as the pioneer large scale gold mining in Peninsular Malaysia by applying modern technology. Starting in December 1996, with less than 5 years resources, Penjom continues to grow and reached 1Moz of gold produced in 2007. Through systematic exploration strategy, Penjom is looking to increase the current 1.1Moz resources identified below the current topography.

Penjom is located 30km away from the major tectonic structure of Bentong Raub Suture, along a NNE splay of this structure. The deposits is hosted within shear vein and associated extension veins where the highest ore grade are associated with felsites intrusive which providesd physical and chemical contrast unit. Sedimentary rock host to ore zone is at times highly carbonaceous and produces significant problem to plant processing recovery. However, proper stockpile management and processing technique of Resin-in-Leach (RIL) have overcome this problem with 91% plant recovery achievable depending on the carbon level.

Tentative schedule:

  • 07.00am Bus departs from IEM, PJ
  • 09.30am ETA Penjom Gold Mine
  • 09.30am – 11.30am Safety induction and project briefing
  • 11.30am – 11.45am Mill tour
  • 11.30am – 3.00pm Property and Mine Tour, Lunch, Photography session and End of Visit

Get the form here.  Flyers for the above event may be obtained here.

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IEM – The Classics

March 28, 2012

Who says we don’t appreciate tried and tested information.

If you want a more modern version of the encyclopedia britannica, go the website, get the Encyclopedia Britannica Ultimate Reference Suite 2011 DVD-ROM, or if you want to a slice of (replicated) history, get the Britannica First Edition Replica Set (3 vol.)

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Shout Out – One-Day Seminar On Drilling Engineering

March 27, 2012

This is a shout out for the IEM. My Technical Division will be  hosting a seminar on the 10th May, 2012. It’ll start at 9:00 and is worth 7 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.

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Petronas sees growth slowdown until 2014

March 27, 2012

I think we should focus on tin and electronics again. What say you?

Dateline 2012-03-06:

Petroliam Nasional Bhd (Petronas), which posted one of the highest ever nine-month results ended Dec 31, forecasts that growth will slow down this year and next due to production issues.

The national oil company, whose new financial year starts from Jan 1 this year from April 1 before, posted a 10.8% rise in net profit to RM55.6bil on higher margins for the nine-month period compared with the previous corresponding period while revenue jumped 26.9% to RM222.8bil due to higher realised prices and improved liquefied natural gas sales volume.

…

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IEM 53rd Annual Dinner 2012

March 26, 2012

We are pleased to announce that The Institution of Engineers, Malaysia will be holding its Annual Dinner on Saturday, 21st April 2012 at Sime Darby Convention Centre, Kuala Lumpur. We are greatly honoured to have Y.B. Dato’ Sri Douglas Uggah Embas, the Honourable Minister of Natural Resources and Environment as Guest of Honour.

We would like to appeal to you to support IEM by purchasing/sponsoring tables. Funds generated from the sale of tables will go towards to the IEM Building Fund. Your generous support is very much appreciated.

Register for the event here, and download the form here.

I am personally appealing to readers, please purchase tables and turn up to this event.

 

 

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Saturday Star 2012-03-24 – Job Opportunities

March 26, 2012

Support me by purchasing my recommendations, or buying through my Amazon store. I need the money to pay for running this site. Corporate level sponsors are encouraged.

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.
  • Petrofac is looking for an offshore installation manager, production superviosr, maintenance supervisor, production technician, e&i technician, mech technician, turbo machinery technician, deck foreman, deck crew. Contact them here.
  • I see that Qatar Petroleum is looking for lots of heads / kepala / rais. That would be for EOR, Operations, Surveillance, snr geologist, geophysicist, petroleum engineer, petrophysicist, res engineer, petroleum engineer, geologist. Apply here or visit the website.
  • Kencana Petroleum is looking for project managers, engineering manager, procurement manager, HU&C manager, QA/QC manager, planning/scheduling manager, project HSE manager.  Send an email here.

May I suggest that readers install the Waze app on their phones? And use it as much as possible? It says its a “a social mobile application providing free turn-by-turn navigation based on the live conditions of the road. 100% powered by users, the more you drive, the better it gets. Join the community of drivers in your area today!” It’s definitely getting better for the Klang Valley area, though we need more users from East Malaysia.

Support your local bookshop! Visit Bookalicious at The Summit Subang, good selection of imported books. I think they focus on trilogies, quadrilogies, and otherologies. Tell them I sent you, and enjoy the look of perplexity on their faces. Maybe I should say that next time I visit them. Those of you who have dropped my name, thanks!

BTW, did I tell you that I am the Secretary of MOGEC?

For those of you who have a healthy skepticism to my industry, these books are for you:

  

Why We Hate the Oil Companies: Straight Talk from an Energy Insider, The Party’s Over: Oil, War and the Fate of Industrial Societies, Barbarians of Oil: How the World’s Oil Addiction Threatens Global Prosperity and Four Investments to Protect Your Wealth (Agora Series)

This week’s food promotion is … masak asam pedas. If you find nice places around PJ, let me know. I’ve tried the one across from the PJ State Police Station, and the shop next to Dewan MPSJ in PJ State.

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Shout Out – 7th Malaysian Chem-E-Car Competition 2012

March 25, 2012

Are you ready for the 7th Malaysian Chem-E-Car Competition? It will be held on the 11th and 12th April, 2012 at UMS. You can visit the official website for details, or the Facebook page.

The main objective of the competition is to construct a shoebox-sized car powered by a chemical reaction. The car must be able to carry a certain load of water and stop within 2 minutes at a specified distance. The closest car is the winner. Here, the students have to apply their knowledge in chemistry and reaction engineering as well as technical skills in designing gearbox and electrical circuits in order to successfully run and stop the car. The Chem-E Car Competitions a good platform for students to demonstrate their creativity and innovativeness gained from their undergraduate studies.

Car Performance

Each car will be given two opportunities to traverse a certain distance (15-25 meter) while carrying a specified load of water (100-500 mL).

The goal of the competition is to have the model car stop at the finishing line.

Participants are also required to abide by safety rules as specified by the organizer.

Details and competition rules would be made available to the participants upon acceptance of registration by the Organizing Committee.

Poster Presentation

The presentation duration is 2 min for each team followed by a 3-min Q&A session. The winner will be determined from an averaged mark of minimum 3 judges who will evaluate the 5 criteria below:

  • Description of the chemical reaction / power source / stopping mechanism (20%)
  • Design creativity and unique features of the vehicle (20%)
  • Environmental and safety features (20%)
  • Economic aspects (20%)
  • Quality of the poster and team member presentations (20%)

Previous Winners

  • Universiti Kebangsaan Malaysia (2005)
  • UniKL MICET (2006)
  • No ChemE Car competition held in 2007
  • Universiti Malaya (2008)
  • UniKL MICET (2009)
  • Universiti Teknologi PETRONAS (2010)
  • Universiti Kebangsaan Malaysia (2011)

Previous Hosts

  • Universiti Kebangsaan Malaysia (2005)
  • Universiti Malaya (2006)
  • No ChemE Car competition held in 2007
  • Universiti Sains Malaysia (2008)
  • UniKL, MICET (2009)
  • SEGi University College (2010)
  • Universiti Teknologi PETRONAS (2011)

Look forward to seeing you there!

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Petronas posts RM53b net profit on efficiency gains

March 25, 2012

Dateline 2012-03-05:

State oil firm PETRONAS Group has posted RM53 billion net profit for the nine months ended December 31, 2011, excluding gains, owing to higher margins from improved plant performance.

Group revenue also improved by 26.9 per cent from the 2010/11 financial year to RM222.8 billion on the back of higher realised prices and improved gas sales volume.

Gross operating profit after tax surged 30 per cent to RM52.4 billion from the previous financial year, with the group’s energy and production division recording the highest incremental contribution on stronger crude prices.

…

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Anniversary – Exxon Valdez

March 24, 2012

EPMI engineers never forget.

2 Comments | oil and gas | Tagged: , | Permalink
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