PENTRONAS New LNG Train in Malaysia Sets Up Engineers Contest

March 14, 2012

For an engineer’s contest, doesn’t the client pay for submission of the bid?

Dateline 2012-02-23:

Petroliam Nasional Bhd. is asking engineers to compete for a contract to build a new liquefied natural gas train in Malaysia.

JGC Corp. will compete for the project against a joint partnership of Chiyoda Corp. and Saipem SpA, Malaysia’s state oil company said today in an e-mailed statement. Petrona plans to build a ninth train at its LNG complex in Bintulu, Sarawak, increasing output capacity by 3.6 million tons a year, it said. The project is scheduled to start in the fourth quarter of 2015.

The new train will require as much as 850 million standard cubic feet a day of natural gas coming from offshore fields near Sarawak, the company said.

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Petronas inks $26.4 bln deal to supply Gas Malaysia

March 13, 2012

Dateline 2012-02-23:

Malaysian state oil firm Petroliam National Bhd (Petronas) has inked a more than 80 billion Malaysian ringgit ($26.4 billion) deal extending the supply of gas to Gas Malaysia Bhd for another 10 years.

The new supply agreement, which has the option to extend for another five years, is one of the requirements for Gas Malaysia to list on the local bourse this year, a source close to the deal told Reuters on Thursday.

“The value of the 10-year contract is worth more than 80 billion ringgit,” the source said, declining to be named due to the sensitivity of the contract value.

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Saturday Star 2012-03-10 – Job Opportunities

March 12, 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.
  • Murphy has some engineering positions, a whole page full. Apply here, or visit here.
  • Ras gas is looking for process operators, utility operators, power operators.  To support “the power of the drop,” CVs to be submitted here. You can phone the local recruiters at +603 2078 1917/8. I believe RasGas is a JV, one of the partners being ExxonMobil.
  • Talisman is looking for a Reservoir Engineer, Integrity Engineer. Apply here, and visit their site.

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.

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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Petronas Gas records RM28.5m more revenue

March 11, 2012

Dateline 2012-02-22:

Petronas Gas Bhd’s revenue for the quarter ended Dec 31, 2011 stood at RM921.2 million, an increase of RM28.5 million as compared to the corresponding quarter previous year.
In a filing to Bursa Malaysia, the company said the increase was mainly due to higher gas processing revenue and utilities sales.
The group’s revenue for the nine-month period ended Dec 31, 2011 was RM2,765.1 million, an increase by RM131.3 million as compared to corresponding year-to-date mainly due to higher gas processing revenue and utilities sales
.

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Petronas to offer 1st Sepat crude next month

March 10, 2012

Dateline 2012-02-20:

Malaysia’s national oil firm, Petronas, will offer next month its first cargo of Sepat sweet crude to load in May as it starts production from marginal oilfields to reverse declining output, industry sources said today.

The producer plans to offer 250,000 barrels of the crude every month, they said.

The Sepat field, offshore East Malaysia, came on stream late last year and production has peaked at 8,800 barrels per day, a source said.

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IEM Shout Out – Technical Visit to Q Cells Malaysia Sdn. Bhd.

March 9, 2012

This is a shout out for the IEM. My Technical Division will be hosting a visit on the 23rd June, 2012. It’ll start at 9ampm and is worth 4 CPD hours.

Q-Cells SE is among the leading companies in the photovoltaics industry worldwide. Its extensive product portfolio ranges from solar cells and modules to complete photovoltaic systems. Q-Cells develops and manufactures its products at its headquarters in Bitterfeld-Wolfen, Germany and markets them through a global distribution network. The company has a second production facility in Malaysia. More than 200 scientists and engineers at Q-Cells are pursuing the rapid development of technologies in order to achieve the company’s objective: quickly and permanently reducing the cost of photovoltaics, making the technology more competitive. Close networking between research, development and production allows Q-Cells to mass produce innovations quickly, thereby assuming the role of a technology leader in the photovoltaics sector.

Register here or download the form here.

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Concern over profitability of utilities following gas shortage

March 9, 2012

Dateline 2012-02-18:

As the authorities finalise their recommendations for the price of gas, analysts are concerned over the profitability of utility companies while Tenaga Nasional Bhd (TNB) is tackling its gas supply shortage.

In a report, OSK Research head of research Chris Eng said that previously, any gas price hike had been accompanied by a corresponding increase in electricity prices to compensate for the higher fuel costs.

“Do note that in Malaysia currently, all fuel costs are borne by TNB and the utility will only be able to maintain its profit margin by passing on any fuel cost increases to consumers via higher electricity prices,” he said.

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SapCrest, Kencana to see boost from shared FSPO contract

March 8, 2012

Dateline 2012-02-17:

SapuraCrest Petroleum Bhd (SapCrest) and Kencana Petroleum Bhd (Kencana) are forecasted to see boosted earnings from a shared floating, production, storage and offloading (FSPO) contract, possibly in the near term.

The two oil and gas players separately announced agreements with their Berantai marginal field partner Petrofac Energy Developments Sdn Bhd (Petrofac) to each acquire 24.5 per cent interest in Berantai Floating Production Ltd (BFPL) for US$85.7 million cash.

BFPL would invest in an FPSO that would be used for the project. Petrofac would retain 51 per cent of BFPL and each equity partner would also provide a shareholders’ loan to BFPL to finance the FPSO investment and conversion although BFPL would also likely secure external financing.

RHB Research Sdn Bhd (RHB Research) stated in a research note, “While we still like the prospects of the merger (SapCrest-Kencana) which will create a large and formidable competitor for regional oilfield services (and especially for projects in Malaysia), we believe there could be some profit taking in the near term.

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Hazard In the Making – Drink and Drive

March 7, 2012

Can you see the cause, consequences, safeguards and recommendations for related to this sign?

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Guan Eng: Hassan Marican’s Singapore jobs ‘sad day for Malaysia’

March 6, 2012

Would you agree?

Dateline 2012-02-16:

Lim Guan Eng chastised the Najib administration today for failing to keep Tan Sri Hassan Marican within its ranks, saying the former Petronas CEO’s latest appointment in Singapore showed Malaysia’s failure to plug its talent leak.

The Penang chief minister referred to Hassan as a rare talent and expressed sadness that the latter has been widely appreciated abroad and among big multinational corporations “but not at home”.

“This is extremely sad, especially when Tan Sri Hassan is widely credited as the man who turned Petronas into the leading international oil and gas company that it is today,” Lim  said in a statement.

The Malaysian Insider yesterday cited a report by news portal Energy Asia revealing that Hassan is set to become chairman of Singapore Power Limited (SP) in June, succeeding Ng Kee Choe who will retire on June 12.

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