April 6, 2012
Dateline 2012-03-19:
Malaysian shipping firms Bumi Armada Bhd and MISC Bhd are front runners for a contract to supply a floating, production, storage and offloading vessel to U.S-based oil and gas firm Hess Corp , the Edge Malaysia reported on Saturday.
Bumi Armada has partnered with Singaporean offshore services firm Ezra Holdings Ltd and MISC has joined hands with Malaysian offshore oil and gas firm Ramunia Holdings Bhd to bid for the job, the business weekly reported, quoting unidentified industry sources.
“It should be announced soon, the latest by the end of this month, if Hess wants the job to start by year-end,” the paper quoted an oil and gas official as saying.
…
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Posted by Wata
August 22, 2010
From Bernama, dateline 2010-08-20:
French oil services company, Technip SA, may take up to 9.9 per cent stake in MISC Bhd’s unit, Malaysia Marine and Heavy Engineering Holdings Bhd (MHB), which is en route for a listing on the Main Market of Bursa Malaysia.
In a filing with Bursa Malaysia, MISC said it has signed binding term sheet with Technip in relation to the strategic investment.
“Technip may take up 128 million units, or a maximum of 158.4 million ordinary shares of 50-sen each, in MHB. The quantum of shares will represent between eight and 9.9 per cent stake,” it said.
Leave a Comment » | business opportunity, Malaysia, oil and gas | Tagged: MISC, MMHE, technip | Permalink
Posted by Wata
May 29, 2010
The vessel involved in the accident is an MISC vessel, MT Bunga Kelana 3, an Aframax vessel (tracking data here). Was it on its way back from Kerteh port?
From Bernama, dateline 2010-05-27:
The oil spill caused by a collision involving the tanker, MT Bunga Kelana 3, and bulk carrier MV Waily in the Singapore Strait, about 13km southeast of Changi East last Tuesday, has spread into Malaysian waters.
Johor Department of Environment director Dr Zulkifli Abdul Rahman said the spill measuring 1,600-metre long and 960-metre wide, was now 960 metres from the Tanjung Ayam beach in Pengerang, Kota Tinggi.
“Currently, the Southern Region Marine Department is in the midst of preventing the spill from reaching the beach,” he said in a statement here Thursday.
He said the ‘boom’ or equipment to prevent the spill from spreading had been installed.
Apparently the accident hasn’t affected Singapore’s drinking water supply.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: Bunga Kelana, MISC | Permalink
Posted by Wata
April 13, 2010
Of course, we didn’t expect PETRONAS to list any of their star entities. My comments: Can someone tell me if MMHE is the preferred fabricator of choice, esp for deep water structures? As for the Petrochemical entity, I expect profits to drop once PETRONAS Gas goes ahead and finds the guts to revise gas prices.
Now, if they listed PETRONAS Carigali Sdn Bhd, Putrajaya Holdings, PETRONAS NGV, Institute Teknologi Petroleum PETRONAS, these would be game changers.
Dateline 2010-04-09:
KUALA LUMPUR: The proposed listing of Petroliam Nasional Bhd’s (Petronas) petroleum chemicals business and its heavy engineering arm will bring about a potential rerating of O&G supporting companies, says OSK Research.
The research house said on Friday, April 9 that currently, the O&G sector is trading at an attractive average PER of 13x FY10 EPS and 11x FY11 EPS.
“We believe that if Petronas floats these 2 businesses at a higher PER valuation, this would bring about a potential rerating of O&G supporting companies, some of which are still trading at single digit valuations due to the nature of their business and the lack of excitement in the sector,” OSK Research added.
…
You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.
13 Comments | business opportunity, Chemical, engineering, Malaysia, oil and gas | Tagged: Edge, MISC, MMHE, Petronas | Permalink
Posted by Wata
September 30, 2008
Taking straight from Malaysia’s The Star:
PUTRAJAYA: Hopes are high that negotiations with Somalian pirates for the release of the Malaysian International Shipping Corporation (MISC) vessel MT Bunga Melati Dua and its crew members will be successful.
Prime Minister Datuk Seri Abdullah Ahmad Badawi said yesterday that negotiations for the release of MT Bunga Melati Dua were still ongoing following successful talks for the release of MT Bunga Melati Lima.
Abdullah said: “All its crew members have been released and the vessel is now heading to Djibouti (East Africa). The crew members are all in good health.
“A medical team from the Defence Ministry comprising doctors, medical assistants and counsellors are providing assistance to the crew.”
…
MT Bunga Melati Dua, with a crew of 29 Malaysian and 10 Filipinos was hijacked on Aug 19 in the Gulf of Aden where rampant maritime piracy is taking place.
One of the Filipino crew members was killed when he was hit by a stray bullet.
Ten days later, the MT Bunga Melati Lima, with 36 Malaysian and five Filipino crew members, was also hijacked while sailing from Yanbu, Saudi Arabia to Singapore.
Malaysia has sent two warships, the KD Lekiu and KD Inderapura, and an offshore patrol vessel, the KD Pahang, to escort MISC ships sailing in the risky waters following the two hijacking incidents.
The last paragraph is a bit strange. Didn’t Malaysia and Indonesia complain when the US proposed to escort marine vessels throught the Melaka Straits using armed vessels and personnel?
Leave a Comment » | Malaysia, oil and gas | Tagged: MISC | Permalink
Posted by Wata
September 8, 2008
Sorry for skipping a week. I was out of town. My next few post will have some photos I took on my trip.
Another week, another scan of the Saturday Star newspaper. Here’s a list of job ads in the paper:
- Optimal is looking for a Kerteh-based Chemist. Emailand web presence available. A lot of people moved to Optimal when it first started up, though I think the renumeration package isn’t as good nowadays. However, it’s still better than PETRONAS because Dow Chemicals is running interference.
- ExxonMobil is looking for a safe/ risk engineer. Submit CVs by 20th Sept, 2008 at the local web page.
- Saudi Basic Industries Corporation (Sabic) is looking for a senior project, process control, process consultant and senior safety engineer. There is a walk in interview on the 18th to 22nd October, 2008 (tempting, tempting) at the JW Marriot, between 0900 to 1700. You can apply via email here.
- MISC has some positions, though with the recent hijackings, they might expect a drop of takers.
- Shell is looking for some downhole people and well people: Offshore Completion and Intervention Supervisor, Offshore Drilling Supervisor, Well Completion Design Engineer, Well Eng, Well Opns Eng. Head to their website and follow Professionals & Apply → Job Search → Region → Asia. Closing date’s Sept 21st, so run to your nearest netbook.
Jalan Sukajadi, Bandung, Indonesia
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: ExxonMobil, MISC, optimal, sabic, Shell | Permalink
Posted by Wata
August 27, 2008
From the New Straits Times, dateline 23rd August, 2008:
KUALA LUMPUR: Malaysian shipping firm MISC Bhd had established communications with its hijacked tanker on Thursday and were informed of a “casualty” onboard.
In a statement released yesterday, MISC said communications with the MT Bunga Melati Dua chemical/palm oil tanker had been established at 5.05pm Malaysian time.
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Posted by Wata
August 22, 2008
Quoting from the Star:
PETALING JAYA:The whereabouts of 29 Malaysians and 10 Filipinos on an MISC Bhd tankers remains unknown since the vessel was hijacked by heavily-armed pirates in the Gulf of Aden on Tuesday.
MISC, the world’s largest single owner and operator of liquefied natural gas tankers, confirmed that its 32,025 dead-weight-tonne chemical tanker Bunga Melati Dua which carried palm oil was hijacked by pirates at 10.09pm local time off the coast of Somalia.
Bernama has this to say:
PUTRAJAYA, Aug 21 (Bernama) — Wisma Putra will utilise all diplomatic channels and work closely with countries in the Gulf of Aden region to amicably end the hijacking of Malaysian tanker MT Bunga Melati by heavily-armed pirates on Tuesday.
Foreign Minister Datuk Seri Dr Rais Yatim said Wisma Putra would continue to monitor the situation and developments through the Malaysian High Commission in Kenya and the Malaysian Embassy in Yemen.
He said this was to coordinate the peaceful recovery of the vessel and the safe return of all crew members on board.
“The tanker owner, Malaysian International Shipping Corporation (MISC), has communicated to all family members of the crew that it would continue to keep them updated on a timely basis,” Rais said in a press release Thursday.
PETRONAS has 62% ownership of MISC.
5 Comments | Malaysia, oil and gas | Tagged: MISC, Petronas | Permalink
Posted by Wata
August 11, 2008
Another week, another scan of the Saturday Star newspaper. Here’s a list of job ads in the paper:
- DPS Bristol (M) Sdn Bhd and DPS Consultant Malaysia Sdn Bhd are looking for a lot of engineers. Examples are Project Eng (6 pax), Lead Process Eng (10 pax!), Lead Mech/Pipe (10 pax)… I wish my company was expanding that fast. Anyhow, closing date is 15th August, 2008. You can fax your resume to +603 9206 2626 or email it in.
- MISC are looking for a few engineers.
- MMHE is looking for engineers. They have a walk in interview at Hotel Grand Continental Kuantan, 16th and 17th August, between 8.30 to 6.00 pm. Visit their site under Career Opportunities, or email your resume in.
- Schlumbergeris looking for a geoscientist / reservoir engineer. Email your resume in before 20th August.
- Newfield are looking for a Geologist / Geophysicist / Completions Engineer / Offshore Installation, Projects Engineer / Onshore Construction, Project Engineer. Email your resume in before 23rd August.
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Nippon Oil is looking for a whole mess of people. I guess they want to staff up a project management team (PMC) for new developments. Engineering positions available: contract, facility, senior production, senior reservoir, DCS & instr, senior opns, senior process, senior maintenance, mech. Snail mail before 31st August, 2008 to Human Resources Section, Nippon Oil Exploration (Malaysia), Ltd, Lot 1168, 3rd Floor, Wisma Interhill, Miri Waterfront Commercial Centre, 98000 Miri, Sarawak. Hey, this is almost exactly the advert that went out 08-04-26. If I were you, I would ask for more money as they didn’t get the people they wanted 4 months ago.
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Oryxin Kuwait has a position for Head of Production, Utilities & Hydrogen Production and Product Workup Units. Another GTL opportunity. They are a JV between the ever loved Qatar Petroleum and Sasol of South Africa.
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Saudi Basic Industries Corporation (
Sabic) is looking for a process, instrument / control system, safety engineers and polypropylene operators. There is a walk in interview on the 16th to 19th August, 2009. (tempting, tempting) at the JW Marriot, between 0900 to 1700. You can apply via email
here.
Happy hunting. Let me have some feedback if you find this list useful. Even better, spread the news. PayPal donations welcome.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: DPS Bristol, MISC, newfield, nippon oil, oryx, sabic, Schlumberger | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 