ExxonMobil Announces First Production From Damar Gas Development

March 25, 2014

Dateline 2014-02-13, The WSJ:

Exxon Mobil Corporation (NYSE:XOM) today announced the start of natural gas production at the Damar field off the east coast of Peninsular Malaysia. ExxonMobil subsidiary, ExxonMobil Exploration and Production Malaysia Inc., has a 50 percent interest in the project.

The Damar field has a projected capacity of 200 million cubic feet of gas per day. ExxonMobil and joint-venture partner Petronas Carigali Sdn. Bhd. have planned a total of 16 development wells for the platform.


Saturday Star 2013-09-21 – Job Opportunities

September 23, 2013

Well wishes on Malaysia Day.

Buy my recommendations, or through my Amazon store. Where are those corporate sponsors? Or throw donations at me. I need RM360 to get The Star ePaper.

  • I’m looking for a senior process engineer, 7+ years experience. Send your cv here. Also looking for process safety persons, metering / measurement engineers and other seniors you think will catch my eye.
  • ExxonMobil is looking for a recent graduate chemical engineer, safety facilities engineer, experienced mechanical engineer. Apply here if interested.
  • Coastal Energy is looking for an environmental officer. Send your cv here.

Help me (and you) increase my cloud presence. Pleease use some form of cloud storage, so if you lose your laptop with those oh-so-important reports, be assured that (with Internet access) the files are still accessible. Use my referrals for Dropbox, MiMedia,  SpiderOak, MediaFire, Ubuntu One, Sugar Sync.

Break the Low Yat stranglehold! Support Newegg Malaysia, or check Amazon’s International Shipping. Yeah, baby!

I’ve had days of interpreting bad data. Apparently is catching.

  

Bad Science: Quacks, Hacks, and Big Pharma FlacksBad Astronomy: Misconceptions and Misuses Revealed, from Astrology to the Moon Landing “Hoax”Bad Pharma: How Drug Companies Mislead Doctors and Harm Patients

The IEM has a coffee table book out, Engineering Heritage of Malaysia (no, it is not Datuk Seri Samy Vellu’s bio). Visit here for details.

Food? Doctor says I need to lose weight, sugar, cholesterol. Wish me luck.


ExxonMobil starts natural gas production from Telok Field

March 20, 2013

I received this notice from multiple parties. My initial reactions were ‘where is Telok,’ and ‘who was the design contractor? Was it sole sourced to a favourite blue-eyed entity?’ I know Technip didn’t get the contract.

Dateline 2013-03-11, for the Malaysian Insider:

ExxonMobil Exploration and Production Malaysia Inc, a subsidiary of Exxon Mobil Corp, has started natural gas production from the Telok field to meet increasing demand for natural gas in Peninsular Malaysia.

The field is located 200 kilometres offshore the east coast of Peninsular Malaysia in the South China Sea.

ExxonMobil in a statement today said the Telok A platform marked the first phase of the Telok gas development project under a gas production sharing contract between ExxonMobil as the operator and PETRONAS Carigali Sdn Bhd (PCSB).


Esso minority shareholders told to reject Petron offer

May 4, 2012

Don’t know about you, but didn’t Esso sell EMB because it wasn’t making that much money?

Dateline 2012-04-20:

Kenanga Investment Bank Bhd, which is the adviser for Esso Malaysia Bhd (EMB) minority shareholders, has advised them to reject the takeover offer by Petron Corp, an affiliate of Philippines-based San Miguel Corp (SMC) so that they may benefit from the positive prospects of the oil and gas industry in which EMB operates in.


Malaysia’s Petronas Said to Sell Labuan, Penara Oil for June

May 3, 2012

Can some trader tell me why this is important, and how it affects the rakyat? And interpret the ‘said’ as ‘CYA’.

Dateline 2012-04-19:

Petroliam Nasional Bhd., the Malaysian state oil company known as Petronas, sold a cargo of its Penara crude to Royal Dutch Shell Plc (RDSA) and a shipment of Labuan to Exxon Mobil Corp., said two traders who participate in the market, declining to be identified because the information is confidential.


Petron gets go-signal to invest in Esso Malaysia Bhd

January 15, 2012

Dateline 2012-01-11:

Petron Corp., the country’s largest oil refiner and retailer, has gotten the go-signal to pursue its planned investments in Esso Malaysia Bhd., a subsidiary of Exxon Mobil Corp. for its downstream oil business in Malaysia.

In a disclosure to the Philippine Stock Exchange, Petron said that its executive committee approved on Wednesday the company’s investment in Esso but did not reveal the final investment figures. The oil firm said that the amount and percentage sharing have yet to be determined.

In a text message, Petron president Eric O. Recto said the oil company has not determined how it would make its investments in Esso—whether it would acquire only a portion or the entire 65-percent stake in Esso, now owned by highly diversified conglomerate San Miguel Corp.

San Miguel also owns 68 percent of Petron.


From Bloomberg – Boustead Keen on Exxon Malaysia Assets If San Miguel Fails

December 27, 2011

Dateline 2011-12-22:

Boustead Holdings Bhd. (BOUS), a Malaysian plantations, engineering and financial services group, is still interested in buying Exxon Mobil Corp.’s oil and gas assets in the Southeast Asian nation if San Miguel Corp. (SMC)’s planned acquisition falls through, Group Managing Director Lodin Wok Kamaruddin said.

Exxon agreed in August to sell its entire 65 percent stake in Esso Malaysia Bhd. (ESSO) and some other assets in the country to the Philippine beer-maker for $610 million. While this won Malaysian government approval last month, the transaction has yet to be concluded.