‘O&G industry still offers attractive trading opportunities’

January 28, 2017

Dateline 2016-12-28, Borneo Post Online:

Despite the challenges and uncertainties faced by the oil and gas (O&G) industry this year, analysts are more bullish on the prospects of the sector in 2017, driven by various promising factors.

MIDF Amanah Investment Bank Bhd’s research arm (MIDF Research) in its 2017 outlook report, opined: “All is not doom and gloom in the O&G sector as opportunities still exist, especially for asset light and niche service providers.”

All things considered, it said, the O&G industry still offers attractive trading opportunities in line with the volatile movements in the global crude oil mart.

“We are negative on asset-heavy companies with heavy reliance on upstream exploration and production activities but we remain positive with downstream related companies.

“Having said that however, we recommend investors to cherry pick stocks within niche segments of the O&G value chain,” it added.

It suggested that Dayang Enterprise Bhd (Dayang) and Deleum Bhd (Deleum) are front are frontrunners with niche expertise in the upstream maintenance, construction and modification (MCM) works for Petroliam Nasional Bhd (Petronas) and its production sharing contractors.

Landmark Opec deal fuels local O&G stocks

January 7, 2017

Did you catch the price rise wave, or mistimed and was caught in the trough?

Dateline 2016-12-02, NST:

Oil and gas (O&G) stocks rallied yesterday after Organisation of the Petroleum Exporting Countries (Opec) agreed on Wednesday to cut output for the first time in eight years.

Among the gainers were Deleum Bhd, Dayang Enterprise Holdings Bhd, UMW Oil & Gas Corp Bhd, SapuraKencana Petroleum Bhd and Uzma Bhd.

Leading the pack was Deleum, with the counter jumping 10.5 sen, or 12.8 per cent, to 92.5 sen, with 4.97 million shares traded.

Crude oil prices steadied around US$53 (RM236.90) a barrel yesterday, holding on to big gains made after Opec and Russia agreed to restrict production.

In the meeting, Opec members agreed to cut oil output by almost 1.2 million barrels per day from January to June next year.

Dayang considers going into development of marginal oilfields

July 11, 2012

Dateline 2012-06-09:

Dayang Enterprise Holdings Bhd, a service provider to the oil and gas industry, may venture into marginal oilfield development if the prospects are good.

Managing director Tengku Datuk Yusof Tengku Ahmad Shahruddin said the company would carry out thorough evaluations and seek guidance before deciding whether to participate in risk service contracts (RSC) for the development of marginal oilfields.

“We are currently not embarking on any study yet for marginal oilfields,” he told StarBizWeek.

Saturday Star 2010-06-12 – Job Opportunities

June 14, 2010

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First off, 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.

  • There is an opening as admin staff at Synergy. We are also looking for someone with the ability and personality to fill up the position as a permanent member of the family. To balance things out, we’re focusing on competant female applicants.
  • Shell is looking for people, though mostly in the subsurface department. Didn’t they just go through a rightsizing exercise? I guess they got rid of some deadwood, and need to fill those shoes. Visit www.shell.com/careers and select Job Search & Apply → Job Search for Professionals → Region → Asia → Malaysia. The ad asks you to quote reference DVT035C, but you know you should quote ‘razmahwata.wordpress.com’.
  • Saudi Aramco (actually Saudi Aramco Total) has a full page advert. go Visit www.satorp.com.
  • Wow, Dayang Enterprise Sdn Bhd (known affectionately as Dayang to us Esso old timers) is looking for a mess of people. I congratulate them on winning whatever support contract that requires so many people.  Apply here or  here. Or snail mail before 18th June to HR Manager, Dayang Enterprise Sdn Bhd, Sublot 5-10, Lot 46, Block 10, Jalan Taman Raja (Hilltop), Miri Concession Land District, P.O. Box 1134, 98000 Miri, Sarawak.
  • Optimal (tagline Optimise your Career Potential) is looking for a Production Technician. Hmmm, do you Kertehians want to apply? Visit their website, or apply here.
  • Expro (“Well Flow Management”) is looking for a Operator / Senior Operator Well Testing, Drill Stem Test (DST) Operator. Apply here.
  • SPIE is looking for a expeditor and buyer (cool, one to cut a PO, the other to chase up, kinda like a tag team). visit their site to apply.

Going back to the basics of chemical engineering, here are some texts I referred to, in an attempt to grasp the fundamentals of chem eng back in my Part I and Part II days. Unit Operations of Chemical Engineering, An Introduction to Fluid Mechanics and Heat Transfer: With Applications in Chemical and Mechanical Process Engineering (out of print, written by one of my lecturers). Introductory texts to Gas Processing would be John M Campbell’s Gas Conditioning and Processing V. 1: The Basic Principles, Gas Conditioning and Processing V. 2: The Equipment Modules, which you get if you attend the course.