For the historical record. And based on no financial savvy, I say buy, buy, buy.
Dateline 2021-05-30, Deal Street Asia:
Malaysian oil and gas service firm Serba Dinamik Holdings Bhd said it did not see any problems with more than 3.5 million ringgit of contracts and transactions questioned by its auditor.
…
Leave a Comment » | 
investment | 
Permalink
Posted by Wata
Dateline 2021-05-31, ICIS:
Malaysia will go on a nationwide lockdown for two weeks from 1 June, but petrochemical production will continue and is likely be spared from any major disruption given its classification as an essential sector.
For some local downstream plastic manufacturers, however, the lockdown may cause a manpower crunch.
The lockdown was announced on 28 May, following a sharp rise in new coronavirus cases in the country, with only essential economic sectors and services allowed to operate.
“This decision was made after taking into account the current situation of the COVID-19 outbreak in Malaysia, with daily cases surpassing 8,000 and over 70,000 active cases,” Malaysian Prime Minister Muhyiddin Yassin said.
…
Leave a Comment » | investment, oil and gas | Permalink
Posted by Wata
Oil & Gas Engineers never forget.
Leave a Comment » | engineering | Permalink
Posted by Wata
I’m the MC for this presentation, so expect PG-15, innuendos and double enders. The event will be at 11am, 6th July, online
You can join here: https://docs.google.com/forms/d/e/1FAIpQLSfLf1JgtdsfFoj-CKgg2F5BQFNT9bed_b8hZ0SgnEVNK4SMig/viewform
Leave a Comment » | oil and gas | Tagged: matrade, SEF | Permalink
Posted by Wata
Do your maths first.
Dateline ??, The Star:
RETIRED pharmacist Chacko Paul is among an increasing number of people who has opted for solar energy to cut down on electricity consumption while doing his part for the environment.
“Our homes can be powered with solar energy, ” he said, highlighting that it would cut down on high utility bills.
…
Leave a Comment » | Renewable Energy | Permalink
Posted by Wata
It says offshore supply vessels, but not obvious in the text. Clickbait?
Dateline 2021-05-27, Manifold Times:
The Malaysia Maritime Enforcement Agency (MMEA, or Malaysian Maritime) on Tuesday (25 May) said it has arrested two offshore supply vessels over an illegal ship-to-ship (STS) oil transfer operation at the waters around Kemaman port.
A MMEA patrol boat detected the two ships approaching each other in a suspicious condition around 3.4 nautical miles from Kuala Kemaman and an arrest was made to the parties at 11.30am (local time) on Monday, said Kemaman Maritime Zone Director, Maritime Commander Rashidilhadi bin Abd Rashid.
…
Leave a Comment » | oil and gas | Permalink
Posted by Wata
There’s a Malaysian twist here, just hold your horses.
Dateline 2021-05-21, Oilprice:
China has announced that it will impose taxes on heavy sour crude, a move that could hit Venezuela hard as it continues to struggle with U.S. sanctions and a dilapidated oil industry. Media reports suggest as many as 400,000 bpd of Venezuelan oil could be orphaned as new Chinese tax laws make it impossible for the country to export its crude to Asia. New regulations expected to come into place on June 12 would make the profit margins on Venezuelan oil too low to warrant its current export route.
Venezuela has not been exporting oil directly to China since 2019, largely due to the U.S. sanctions that continue to restrict the country’s oil exportation. However, China has been importing Venezuelan oil via Malaysian refineries, where it is mixed with fuel oil or bitumen before continuing on to China. China’s new rules could add around $30 per barrel to this “diluted bitumen”, making it economically inviable. Light cycle oil (LCO) and mixed aromatics will also be taxed under the new scheme.
…
Leave a Comment » | oil and gas | Permalink
Posted by Wata
Dateline 2021-05-24, FMT:
Fortunately, the new national automotive policy is still in the draft stage. But after losing the pace of investment for the past 20 years, it looks like there will be more of the same as government custodians appointed to grow the automotive industry try desperately to fix the problem but will fail because they don’t recognise the issue.
First, the central issue about investment flight to Thailand and more recently to Indonesia is that the Europeans and Japanese automotive investors have a choice.
And they don’t particularly fancy having to share their plans, strategies and intellectual properties with a civil service officer in order to apply for customised incentives as proposed in the draft of the new automotive policy.
…
Leave a Comment » | Renewable Energy | Permalink
Posted by Wata
Dateline The Business Times, 2021-05-21:
AS a major energy exporter, Malaysia is taking steps to help oil and gas companies transition to a low-carbon economy at a time when investors and consumers increasingly demand cleaner energy and climate action.
…
Leave a Comment » | oil and gas | Permalink
Posted by Wata
Dateline 2021-005-17, Offshore Engineer:
Thai oil company PTTEP has made another gas discovery offshore Malaysia, this time at the exploration well, Kulintang-1, its first drilled in the Block SK438, located around 230 kilometers off the coast of Miri, Sarawak.
The company has been on a discovery spree in Malaysia as it recently announced discoveries at Sirung-1 well, in Block SK405B, Dokong-1 wildcat well in Block SK417, and at the Lang Lebah-2 well, in Block SK410B.
As for the latest discovery, Phongsthorn Thavisin, PTTEP Chief Executive Officer, said that PTTEP had started drilling at the Kulintang-1 wildcat well in Block SK438 in March 2021. The well was drilled to a total depth of 2,238 meters in April 2021.
…
Leave a Comment » | oil and gas | Tagged: Dokong, Kulintang, Lang Lebah, Phongsthorn Thavisin, PTTEP, Sirung, SK438 | Permalink
Posted by Wata
Paypal donations accepted.
Wata - Malaysian Oil and Gas Engineer 