Wata – Malaysian Oil and Gas Engineer

Need to make that move out of the Malaysian O&G market..

Dateline 2011-10-25:

Most local oil and gas (O&G) players are strong enough to hold their ground should a change in Petroliam Nasional Bhd’s (Petronas) licensing system result in more foreign competition. But marginal companies could see their piece of the pie getting smaller and the race for contracts get even tougher.

Pending further details, the sector remains an “overweight”. Also intact are all our stock recommendations, earnings forecasts and target prices. Our top picks are Petronas Dagangan Bhd for the big caps and Perisai Petroleum Teknologi for the small caps.

We are surprised by the possibility of the national oil company doing away with its current practice of awarding licences only to local O&G companies in certain job categories, as reported by The Edge at the weekend. This will make it harder for smaller companies to compete, but our industry checks indicate that the proposal is still very much preliminary.

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The Oil, Gas and Mining Technical Division AGM will be held at 2nd Floor, Wisma IEM, 21 Jalan Selangor, Petaling Jaya.

It will be held at 11am on Saturday, 12th November 2011.

AGENDA

1. Opening Address by the Chairman of Session 2010/2011.

2. Confirmation of Minutes of the 20th Annual General Meeting held on 13 November 2010

3. Matters Arising.

4. Secretary’s Report for the Session 2010/2011

5. To receive and adopt the Financial Statement for the year ending 30 October 2010

6. Election of the Office Bearers for the Session 2010/2011

7. Address by the Chairman for Session 2010/2011 (That’s me)

8. Any Other Business

Your presence will contribute to the success of this meeting.

The flyer for the above event is available here. Flyers for other events may be obtained here. A map to Wisma IEM is presented here.

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.
• Kebabangan Petroleum Operating Company (KPOC to friends) has a four-page spread. Anyhow, the posts that they hope to fill are too numerous to names. Apply here, or snail mail to: Kebabangan Petroleum Operating Comp Sdn Bhd, Level 52, Tower 2, PETRONAS Twin Towers, KLCC, 50088 KL, Malaysia.

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!” The more you use it, the better info I get in planning my journey round KL.

If you are fans of classic gaming, support those old time PC classics at Good Oil Games. I wish they had a local setup here.

I see Maurice Stewart has some new books:

Gas Dehydration Field Manual, Gas Sweetening and Processing Field Manual, Gas-Liquid And Liquid-Liquid Separators

This week’s food recommendation is Padi restaurant in Taman Puchong Utama

I can’t find the original Edge article. Has it been withdrawn due to powers that be?

Dateline 2010-10-23:

Malaysia’s state oil firm Petronas will award contracts to unlicensed energy services companies to encourage greater competition in the oil and gasindustry, The Edge weekly newspaper said citing unidentified sources.

The move would be a departure from the current practice where Petronas only hands out jobs to licensed players in certain segments such as oil and gas equipment makers and offshore support vessel operators, the report said.

The liberalisation measure is aimed at drawing more foreign investment to develop Malaysia as a regional energy hub, it added.

Petronas was not immediately available for comment. The move would expose local energy services companies such as Malaysia Marine and Heavy Engineering Holdings Bhd , Kencana Petroleum and Ramunia Holdings Bhd to competition.

Let your overseas friends know. The sign is located right next to the (closed) tour entrance, downstairs at KLCC.

I recently visited the Taman Rekreasi Air Panas. There’s a hot water swimming pool there. Let’s see where safety practices for public facilities are different from the industry:

• Water enters the pool close to boiling temperature at one end. No indicators are available showing that temperatures are above comfort levels, nor warnings posted to the effect that ‘Swim here at your peril.’
• No TAH alarms
• No TAHH shutdown
• No Human Intervention for Public Protection System (HIPPS) visible, i.e. no lifeguards

Apply what you learn at work to your day to day activities. Or avoid swimming in hot pools.

Dateline 2011-10-20:

Kencana Petroleum Bhd is in talks to acquire more than 130 acres beside its fabrication yard in Lumut, Perak, sources said.

It is understood that Kencana is close to sealing the deal, which could see the company substantially increase its yard space to enable it to take on larger jobs.

It is still not clear which parties Kencana is in negotiations with, but among its neighbours is Lumut Maritime Terminal Sdn Bhd (LMT), which is 50% plus one share controlled by the Perak government

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