September 20, 2014
Should be the IEM, yeah?
Dateline 2014-07-04, Process and Control Today:
PETRONAS has become the first organisation in Malaysia to receive accreditation for its company training scheme by global professional body, the Institution of Chemical Engineers (IChemE).
PETRONAS, the national oil company of Malaysia, currently employs more than 30,000 employees group-wide, including 3,500 chemical engineers. It plans to grow rapidly over the next few years, including building the USD16 billion Refinery and Petrochemical Integrated Development (RAPID) project.
PETRONAS expects it will need additional chemical engineers to support its expansion and in recent years has been working closely with the Institution of Chemical Engineers (IChemE), to develop its own world-class and globally recognised training scheme.
In June 2014, PETRONAS achieved a major milestone in its skills development strategy with formal accreditation by IChemE for its internal company training scheme called Accelerated Capability Development (ACD) for Chemical Engineering.
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Posted by Wata
September 19, 2014
Ah, I this ties into other info I received.
Dateline 2014-07-04, TWSJ:
State-owned oil and gas giant Petronas is facing an outcry by some southern Malaysians whose ancestors’ graves are being moved from a small cluster of Chinese cemeteries to make way for a $25 billion gas project. One Chinese farmer walked 500 miles to protest.
So far, more than half of the graves have been dug up and moved to a plot of state land, sparking at least nine lawsuits and the walk by farmer Chua Peng San. Eight of the lawsuits have been successful; one is still pending.
The farmer, from Pengerang, a rural coastal area in the southwestern tip of Johor, walked to Parliament and Petronas headquarters, both in Kuala Lumpur.
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Leave a Comment » | Malaysia, oil and gas | Tagged: Pengerang, Petronas | Permalink
Posted by Wata
September 18, 2014
Dateline 2014-07-03, The Star:
Petronas, Petronas Carigali Sdn Bhd and Shell Malaysia have expanded the terms of the 2011 Baram Delta (BDO) production sharing contract (PSC) for enhanced oil recovery projects (EOR) offshore Sarawak (2011 Baram Delta EOR PSC) to include gas rights.
With the signing of the Heads of Agreement (HOA) for Baram Delta Gas Gathering Project 2 (BARDEGG2), associated and non-associated gas rights linked with the Baram Delta Operations will be incorporated into the 2011 Baram Delta EOR PSC, said Shell Malaysia in a statement on Thursday.
The Tukau Timur field, previously part of the SK307 PSC, will also be integrated into the 2011 Baram Delta EOR PSC enabling non-associated gas to be developed as part of a single integrated development project.
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Leave a Comment » | Malaysia, oil and gas | Tagged: Baram Delta, BARDEGG, Carigali, EOR, PCSB, Petronas, Shell, SK307, Tukau Timur | Permalink
Posted by Wata
September 9, 2014
Dateline 2014-06-28, MSN (that’ a first):
Petronas’s dividends to Putrajaya should be capped to ensure the national oil and gas company would continue to grow in the long run, a Selangor lawmaker said today.
Damansara Utama assemblywoman Yeo Bee Yin said between 2008 and 2012, Petronas paid 55% to 68% of their profits to Putrajaya in the form of dividends.
“The average percentage of payouts of national oil companies around the world is only 38%.
“In order to ensure Petronas’s long-term growth, it is time to amend Section 4 of the Petroleum Development Act 1974 to cap Petronas’s dividends,” she said in a statement today.
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Leave a Comment » | Malaysia, oil and gas | Tagged: Petronas, Yeo Bee Yin | Permalink
Posted by Wata
September 4, 2014
Dateline 2014-06-26, The Malays Mail Online:
Perkasa today demanded the exit of Petronas chief executive Tan Sri Shamsul Azhar Abbas for saying the state oil firm belongs to all Malaysians, insisting it was built via Malay effort and was consequently owned by the community.
The Malay rights group’s president Datuk Ibrahim Ali said it was “shrewd” of Shamsul to state that the country’s oil resource belonged to all Malaysians so as to imply “he was forced to give handouts to Bumiputera companies”.
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Leave a Comment » | Malaysia, oil and gas | Tagged: Datuk Ibrahim Ali, Perkasa, Petronas | Permalink
Posted by Wata
September 3, 2014
Hmm, a series of press releases related to the above. And I really want to follow in their footsteps:
Finance Asia:
Barclays natural resource investments (BNRI), a division of Barclays Capital, has invested in a Southeast Asia-focused oil and gas development company Nio Petroleum.
Nio Petroleum is an oil and gas development and production company established in 2009, with a primary focus on offshore assets in the Asia-Pacific region, particularly Malaysia, Thailand, Vietnam, Indonesia and Australia. It seeks out undeveloped discoveries, marginal fields and late-life assets in Southeast Asia, which it will add value to through the innovative use of existing and new technologies and commercial know-how, Barclays Capital and Nio Petroleum said in a joint press release yesterday.
Nio Petroleum is founded and managed by Richard Hall and Rory Edwards, a duo with a track record in oil and gas development, derived from working with national and independent oil and service companies over the past 25 years. Their experience includes schemes in the North Sea and offshore Southeast Asia, which have enabled the monetisation of small fields or extended the life of mature fields.
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Oilvoice.com:
…Nio Petroleum Limited (Nio) is working in the Asia Pacific region.
Nio’s primary focus is offshore assets in the Asia Pacific region, particularly Malaysia, Thailand, Vietnam, Indonesia and Australia. In May 2010, Nio acquired Blocks SB307 and SB308 offshore Sabah in Malaysia in conjunction with Lundin Petroleum and PETRONAS Carigali.
PETRONAS, 2010-05-19:
PETRONAS AWARDS TWO EXPLORATION BLOCKS TO LUNDIN PETROLEUM, NIO PETROLEUM AND PETRONAS CARIGALI
PETRONAS today awarded Blocks SB307 and SB308 offshore Sabah under a single Production Sharing Contract (PSC) to a partnership comprising Lundin Malaysia B.V., Nio Petroleum Ltd., and PETRONAS Carigali Sdn Bhd.
Blocks SB307 and SB308 measure approximately 6,230 sq km and is located in water depths of up to 70 metres. Both blocks have been explored since 1965 and have led to the discovery of the producing Barton, South Furious and St. Joseph fields, currently operated by Sabah Shell Petroleum Company Ltd under a different PSC.
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Bloomberg Businessweek:
Nio Petroleum Limited offers oil and gas development and production services in Malaysia, Thailand, Vietnam, Indonesia, and Australia. Nio Petroleum Limited was incorporated in 2009 and is based in London, United Kingdom.
EDP 24:
Nio Petroleum (Sabah), set up by two former managers at oil services and production firm Petrofac, is being bought by EnQuest, based in Aberdeen.
The firm was set up in 2010 by Richard Hall, who previously worked with Norwich-based Acteon before moving to Petrofac, and Rory Edwards, also previously at Petrofac.
It said its niche was opening up dormant discoveries and redeveloping mature, previously developed fields and was working in partnership with Malaysian state firm Petronas and Sweden’s Lundin on two blocks of the coast of Sabah, Borneo.
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Bloomberg Businessweek:
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As of November 9, 2012, Nio Petroleum (Sabah) Limited operates as a subsidiary of EnQuest PLC.
Leave a Comment » | investment, Malaysia, oil and gas | Tagged: Barclays, EnQuest, Nio Petroleum, Petrofac, Petronas | Permalink
Posted by Wata
August 28, 2014
Link bait. Please chomp.
Dateline 2014-06-27, Valuewalk (huh?):
Petronas, Malaysia’s state-owned oil company, may be the target of take over by Barisan Nasional. While politicians have long interfered with the state-owned oil company’s operations, it appears that current CEO Tan Sri Shamsul Abbas is apparently coming under pressure to step down and elements of Malaysia’s ruling party are trying to remove him.
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Leave a Comment » | Malaysia, Malaysian election, oil and gas | Tagged: Barisan Nasional, National Front, Petronas | Permalink
Posted by Wata
August 12, 2014
You mean, there are no safety measures as of now? Be alarmed.
Dateline 2014-06-13, Malay Mail:
Petronas is conducting (a) blowdown as a safety measure prior to start repair work following the recent fire at the Sabah-Sarawak Gas Pipeline (SSGP) in Lawas, Sarawak.
Petronas Sarawak Regional Office in a statement here said the process to completely remove residual gas in the affected section of the pipeline is scheduled tomorrow from noon to 3pm, near Merapok.
It said relevant authorities including the Fire and Rescue Department, Royal Malaysian Police and Lawas District Office have been notified.
“Members of the public are advised not to be unduly alarmed upon hearing continuous loud sound throughout the process.
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Leave a Comment » | Malaysia | Tagged: Lawas, Petronas | Permalink
Posted by Wata
August 10, 2014
Dateline 2014-6-12, Rigzone:
Scomi Energy Services Bhd (SESB or Company) announced Wednesday that Ophir Production Sdn Bhd (OPSB), a joint venture firm — in which SESB’s wholly-owned subsidiary Scomi D & P Sdn Bhd (SDP) has a 30 percent interest — signed a seven year Small Field Risk Service Contract (SFRSC) with Malaysia’s national oil and gas company Petroliam Nasional Berhad (Petronas) June 11 to develop and produce petroleum from the Ophir field, offshore Terengganu, Malaysia.
OPSB will execute the approved Field Development Plan (FDP) with planned development activities, which include the drilling of wells, the installation of a production platform and export and storage of oil via a floating storage facility. The development phase will cost an estimated $135 million, with first oil production expected in 18 months.
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Leave a Comment » | Malaysia, oil and gas | Tagged: Octanex, Petronas, Scomi, Vestigo | Permalink
Posted by Wata
August 5, 2014
Dateline 2014-06-11, Malaysia Chronicle:
Sarawak PKR chief has demanded Petronas conduct “a full and thorough” investigation into the cause of the explosion of its gas pipeline in Lawas earlier today and make their findings public to placate the fears of people living along the pipeline.
Baru Bian said some 2,000 people living along, or close to, the pipeline in the most northern district of the state are now living in fear as the assurance the national petroleum company gave them before they constructed the pipeline years ago is now all very hollow.
“Is this pipeline safe. To me, it is unsafe. To them, it is very unsafe following what happened today.
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Leave a Comment » | Malaysia, Malaysian election, oil and gas | Tagged: explosion, Lawas, Petronas | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 