From The Star – PETRONAS to cut Costs

June 28, 2009

Dateline 2009-06-26:

Petroliam Nasional Bhd (PETRONAS) is seeking to slash its expenditure by 30% from the amount it spent in its 2006 fiscal year.

“There must be shared misery. We must have a hard look at costs,” said president and CEO Tan Sri Mohd Hassan Merican.

I’m getting mixed messages. The previous week’s articles said that O&G market is getting back on its feet. And then PETRONAS cuts expenditure (and the companies at their knees). And for growing companies like mine, how we gonna pay for milk and diapers?

You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.

3 Comments | Malaysia, oil and gas | Tagged: , | Permalink
Posted by Wata

IEM Shout Out – Engineering Stars

June 27, 2009

This is a shout out for the IEM. The Penang Branch will have an event entitled ‘The Galaxy of Engineering Stars’. Amongst the stars in the brochure are:

  • Dato’ Paduka Ir. Hj Keizrul Abdullah.
  • Dato’ Seri Ir. Hj Mohd Nizar Jamaluddin
  • Ir. Ooi Poay Lum
Brochure Front - Galaxy of Stars

Brochure Front - Galaxy of Stars

Brochure inside - Galaxy of Engineering Stars

Brochure inside - Galaxy of Engineering Stars

2 Comments | engineering | Permalink
Posted by Wata

From the Star – Oil Play Back in Favour

June 26, 2009

Dateline 2009-06-20:

…Most oil and gas players do not have direct exposure to oil prices. The industry has a wide range of business models, and most of the local players provide services to Petroliam Nasional Bhd (PETRONAS) and other oil majors, comprising of PETRONAS’ production sharing contractors (PSCs) such as Murphy Oil, Shell and ExxonMobil.

Star – Oil Play Back in Favour (pdf)

And I see Uzma’s boss, Datuk Kamarul Redzuan Muhamed, is quoted in the article, which you can get from their site.

You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.

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Posted by Wata

From The Star – Downturn Crimps Industry Investments

June 25, 2009

Dateline 2009-06-20:

Given that the demand for energy can only rise and that crude oil will still make up the largest portion of the energy mix of the future, governments and energy companies will have their work cut out for them in satisfying the huge appetite for fuel and power amid growing concerns over sustainability issues.

However, the global economic recession has slowed investments in the oil and gas industry, with double-digit drops in percentage terms in the upstream conventional fuel renewable energy segment  compared to 2008, according to the International Energy Agency (IEA).

Downturn Crimps Industry Investments

You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.

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Posted by Wata

From The Star – Oil Money Fuels Malaysia

June 24, 2009

Dateline 2009-06-20:

… A key component of Malaysia’s economy, the oil and gas sector accounts for 30% of the country’s manufacturing income and about 8% of the annual gross domestic product.

Star – Oil Money fuels Malaysia’s economy (pdf)

You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.

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Posted by Wata

Safety Hazard – Battery Acid

June 23, 2009

I suggest you don’t hang around inside a shirt once you spill battery acid on it.

Acid Eaten Shirt

Acid Eaten Shirt

Also, don’t hang around in a car boot which has split battery acid.

Car Boot Acid

Car Boot Acid

No engineers were harmed in the making of these photos.

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Posted by Wata

Saturday Star 2009-06-20 – Job Opportunities

June 22, 2009

Another week, another scan of the Saturday Star newspaper. Here’s a list of job ads in the paper:

  • First off, Synergy is looking for 5 lead safety engineers and 3 lead process engineers. Visit the Synergy website for contact details. And safety specialists. Ah, heck. If you have more than 5 years experience in O&G, apply. If you have less than 5, send a donation to the offshore account, and still get abuse.
  • Talisman is looking for an Pipeline Eng. Apply here, and visit their site.

That’s all, folks.

2 Comments | engineering | Tagged: , | Permalink
Posted by Wata

From The Guardian – Malaysia oil output falls to 550,000 bpd

June 20, 2009

KUALA LUMPUR, June 8 (Reuters) – Malaysia’s crude oil output has fallen to 550,000 barrels per day (bpd) this year from 600,000 bpd in 2008, as ageing fields took their toll after years of steady production levels, Petronas’ chief said on Monday. Overall output for both crude oil and condensates fell to 650,000 bpd versus 700,000 bpd last year, Mohd Hassan Marican, Petronas Chief Executive, told Reuters in an interview.

You can read the rest of the article here. I wonder how much of the drawdown is based on a conscious decision to let production slide due to lower crude oil prices.

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Posted by Wata

OGA 2009 Swag Bag

June 19, 2009

I didn’t get to go round to a lot booths and pavilions this year. Managed to grab some yummies (that’s snacks and premium coffee) here and there, but the take away this year was a bit thin.

OGA 2009 Swag Bag

OGA 2009 Swag Bag

7 Comments | engineering, Malaysia, oil and gas | Permalink
Posted by Wata

From the NST – Murphy Discoveries

June 18, 2009

Dateline 2009-06-13, taken from the New Straits Times:

Murphy makes oil discoveries offshore Sabah

New York: Murphy Oil Corp said it has made two additional discoveries in offshore Malaysia, one of them near its Kikeh field.

 

 

We hope more work comes out of Murphy soon.

You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.

NST - Murphy Discoveries

3 Comments | Malaysia, oil and gas | Tagged: , | Permalink
Posted by Wata

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