Malaysia to boost oil storage business as new terminal starts on Saturday

May 23, 2014

Dateline 2014-04-11, Reuters:

Malaysia’s biggest commercial oil storage facility will start operations on Saturday when it receives its first fuel shipment, expanding Southeast Asia’s share in the oil storage business and also raising competition with neighbouring Singapore.

The $600 million oil storage terminal with a capacity of 1.28 million cubic meters at Pengerang in the southern Malaysian state of Johor will receive a clean oil product shipment on Saturday morning, Dialog Group Bhd, one of the owners of the terminal, confirmed to Reuters in an email.

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Overweight on O&G sector: Maybank

April 25, 2014

Here’s me stirring up the market.

Dateline 2014-04-19, Business Times:

Maybank Research maintains OVERWEIGHT rating on oil & gas (O&G) sector with top buys including Bumi Armada, Dialog, SapuraKencana Petroleum (SAKP), Perisai and Perdana.

It noted that interest is wide ranging but most funds tend to be bottom-up driven and stock-selective, seeing strong thematics such as rig building, drilling, OSV upcycles, Petronas capex driving the sector this year.

‘We met up with UK, Hong Kong and US funds during our marketing roadshows in February and March. The interest was across the board ranging from big-caps to small-caps depending on the fund mandate. Funds that have been less Malaysia centric continue to find it challenging to invest in the Malaysian Oil & Gas (O&G) stocks due to their premium valuations relative to the region.

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First Oil Commences at Balai Field in Balai Cluster RSC offshore Sarawak

January 4, 2014

Dateline 2013-11-11, Rigzone:

Petroliam Nasional Berhad (Petronas) announced Sunday that oil production from the Balai field in the Balai Cluster Risk Service Contract (RSC) area offshore Sarawak, Malaysia has commenced Nov. 6.

The field’s first oil was achieved utilizing an early production vessel (EPV) as a part of the RSC area’s extended well testing (EWT) program.

The Balai Cluster RSC was awarded in August 2011 to BC Petroleum Sdn Bhd, a partnership between Roc Oil (Malaysia) Pty Ltd, Dialog D & P Sdn Bhd and Petronas Carigali Sdn Bhd. It is the second RSC that has successfully achieved oil production after the Berantai gas field.

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Malaysian Pengerang oil terminal on track for Jan 2014 start: partners

September 6, 2012

Dateline 2012-08-17:

The Malaysian oil storage terminal at Pengerang in the southern state of Johor is on track for a planned January 2014 start-up after the completion of land reclamation work and the commencement of work on jetties, a spokesman for the terminal operator said Friday.

The terminal is being developed by a joint venture between Dutch oil and chemicals storage provider Vopak (49%) and Malaysian terminal operator Dialog (51%), Pengerang Terminals Sdn. Bhd., which will also operate the facility once it is completed. The two partners own the facility through a second joint venture with the Johor government, which owns 10%.

The terminal will initially have a capacity of 1.3 million cubic meters of storage, with plans for a further 1 million cu m in a later expansion of the project’s first phase. A Vopak official said in April that work on the terminal had commenced, with the cost of the project pegged at $620 million.

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JP Morgan upbeat on Malaysian marginal oil fields

July 27, 2012

Dateline 2012-07-10:

JP Morgan Asia Pacific Equity Research is upbeat on Malaysia’s marginal oil field risk service contracts (RSC) due to the favourable risk reward, and local skillsets upgrade.

In a report issued on Monday, it said the first contract, valued at RM2.4bil saw Petroliam Nasional Bhd (Petronas) awarding it to a consortium comprising Petrofac, Kencana and SapuraCrest. The second (RM3bil) went to the Dialog-Roc Oil-Petronas consortium.

The most recent was Coastal Energy Co, listed on the Toronto and London Stock Exchange, for the development of the Kapal, Banang and Meranti cluster of small fields offshore Peninsular Malaysia. This was the third marginal oil field contract awarded out of 27 upcoming.

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Saturday Star 2011-12-31 – Job Opportunities

January 2, 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.
  • Dialog Group Sdn Bhd is looking for people. Send your cv here.
  • Nothing else this week.

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, and hopefully the rest of 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

Let’s talk a bit about deepwater books:

  

Deepwater Petroleum Exploration & Production, A Sea in Flames, Disaster on The Horizon

This week’s food recommendation is… nothing. Though if you want to send me a coupon for halal turkey, stuffing, mince pie and cranberry sauce, I won’t say no.

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ROC Oil eyes more projects in Malaysia

December 8, 2011

Dateline 2011-11-29:

Australia’s ROC Oil Co Ltd is keen to bid for more Malaysian projects after clinching a deal to develop the Balai cluster marginal oilfield, offshore Sarawak, with partners Dialog Group Bhd and Petronas Carigali Sdn Bhd.

ROC general manager for corporate affairs and planning Mathew Gerber said Balai is an initial entry and the company aims to increase its presence in Malaysia’s oil and gas sector, if given the opportunity.

“We have a lot more to offer,” he said, adding that the project award is a vote of confidence in ROC’s abilities as an operator of small fields.

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From Bernama – BC Petroleum To Invest RM2.55 Billion In Small Field Risk Service Project

November 24, 2011

I’m sorry, 53 jobs?

Dateline 2011-11-10:

BC Petroleum Sdn Bhd will invest up to RM2.55 billion in the small field risk service project of the Balai Cluster Field, offshore Sarawak.

The project, which will be carried out in two phases, is awarded by Petronas.

BC Petroleum is a joint-venture company between Roc Oil Malaysia (Holdings) Sdn Bhd, Dialog D&P Sdn Bhd and Petronas Carigali Sdn Bhd.

The project is projected to contribute RM4.95 billion to the country’s gross national income (GNI) and create 53 jobs by 2020.

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Saturday Star 2011-01-15 – Job Opportunities

January 17, 2011

Support me by purchasing my recommendations, or buying through my Amazon store.

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.

Synergy is looking to fill the following positions:

Contact us if you have the qualifications and the interest. Only shortlisted candidates will be contacted.

  • Huntsman are looking for a graduate chemical engineer, QC chemist, process engineer, laboratory technician. They say they can make a CheEng PE within 4 years. I suppose that means that you will be promoted to project manager within 4 years. Snail mail to the human resource department, Tioxide (Malaysia) Sdn Bhd, Kawasan Perindustrian Teluk Kalung, Peti Surat 29, 24007 Kemaman, Terengganu DI.
  • Shell is looking for people. Visit www.shell.com/careers and select Job Search & Apply → Job Search for Professionals → Region → Asia → Malaysia. The ad asks you to quote reference GEN035J, but you know you should quote ‘razmahwata.wordpress.com’.
  • Dialog Group is looking for a whole mess of engineers. Send an email here or snail mail to Human Resources Department, Dialog Group of Companies, 109, Block G, Phileo Damansara 1, No. 9, Jalan 16/11, 46350.
  • Ranhill WorleyParsons has a whole page advert. From reading between the lines, I presume they have been awarded another big job, and will be maintaining their Miri office to support one of the PSCs via a long term contract. They want Snr/lead civil/structural eng, snr/lead process design eng (upstream), snr/lead electrical eng,  snr/lead piping engineers (piping and materials), snr/lead rotating eqt engineers,snr/lead mech eng (static equipment/ package), snr/lead instrument engineers,  snr project engineer, project eng, snr project controllers, cost estimators, proposal eng, buyer/expediter, snr piping designers (PDMS). And there are positions in Miri as well. Visit the website, or send your CVs here.
  • And Kebabangan Petroleum Operating Company (KPOC to friends) has a two-page spread. I presume they are now moving into hookup and commissioning? Anyhow, the posts that they hope to fill are: Project HSE Manager, Instrument & Controls Eng, Package Eng HVAC, Site Engineer (HW Vessels), Site Engineer (Coolers), HUC Electrical, HUC Instrument, HUC Control and Automation, HUC Process Eng, Construction Eng (Electrical and Instrumentation), Project Eng (Materials) Construction Supervisor (Structural), Construction Supervisor (Piping),  Construction Supervisor (Mechanical),   Pipelines Senior Surveyor, Snr Pipelines Installation Eng, Snr Pipelines Interface Eng, Planning Eng, Operations Assurance Eng, Integrated Operations Eng, Mechanical Reliability Eng, Operations HSE Eng, Controls and Instrumentation Mentor, Mechanical Mentor, Electrical Mentor, Offshore Production Supervisor . Please apply here, or snail mail to: Kebabangan Petroleum Operating Comp Sdn Bhd, Level 52, Tower 2, PETRONAS Twin Towers, KLCC, 50088 KL, Malaysia.
  • Talisman is looking forHSE System & Assurance Eng, Senior Drilling Supv, D&C HSSE Engineer, Operations Eng, Mechanical Eng, Subsea Inspection Eng, Production/Wellhead Technician. Apply here, and visit their site.
  • Lundin’s looking for geoscientist/seismic interpreter. Visit their site and apply here.
  • Hey, PayPal is looking for people in KL! Now it’s easier to donate to me. send your CV (PayPal, not me) here.

I haven’t had any book recommendations lately. How about y’all look up and see if you are interested in joining PADI (the diving org, not the band).

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From the Star – Dialog’s April target to start RM5bil terminal work

January 14, 2011

Taken from the Star, dateline 2011-01-12:

PUTRAJAYA: Oil and gas services provider Dialog Group Bhd is targeting April to kick-off its RM5bil Pengerang deepwater petroleum terminal project in south-east Johor.

Executive chairman Ngau Boon Keat said the project’s Environmental Impact Assessment (EIA) would be approved by next month or early March.

“Subject to the EIA approval, the big investment decisions will go ahead,” he told a media briefing here following the third update of the Economic Transformation Programme yesterday by Prime Minister Datuk Seri Najib Tun Razak.

…

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

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