PM: PETRONAS’ tender decision entirely its own

April 25, 2013

Does this mean that before this, the decision to award tenders was the PM’s?

From the Malaysian Chronicle, dateline 2013-04-03:

Decisions on tender awards for upstream and downstream activities in the oil and gas sector are left in Petronas’ (Petroliam Nasional Bhd) hands, said Prime Minister Datuk Seri Najib Razak.

The government does not want to have a say in the decision-making process.

“A few months ago, I decided that all the tenders be decided by the board’s wisdom … I don’t want to make the decision,” Najib said during a townhall session with Petronas staff yesterday.

…

Leave a Comment » | Malaysia, Malaysian election, oil and gas | Tagged: , | Permalink
Posted by Wata

Malaysia PM expands handouts as delayed election nears

April 23, 2013

Apparently a main reason why PETRONAS staff get bonuses is … elections? In that case, they should change the Constitution to have elections every 6 months.

Dateline 2013-04-02 by the Sunday Straits Times:

Malaysian Prime Minister Najib Razak announced bonuses for the 40,000 employees of national oil firm PETRONAS on Tuesday, signalling a long wait for a general election is nearly over as he seeks last-minute support from the middle class.

…

 

Leave a Comment » | Malaysia, Malaysian election, oil and gas | Tagged: | Permalink
Posted by Wata

Saturday Star 2013-04-20 – Job Opportunities

April 22, 2013

Thanks for hanging round. Been busy and travelling round the past month, and it isn’t going to get any better.

Buy my recommendations, or through my Amazon store. Where are those corporate sponsors? Or throw donations at me. I need money to purchase a dive light.

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.
  • PETRONAS wants you to ‘take charge of your destiny.’ No, not run of elections. but work for them so they can dictate who runs for elections. Visit here.
  • SapuraKencana is looking for lead engineers, senior engineers, engineers, designers. Send your cv here.

How about some local food? Alisara at Puchong Indah. Specialises in Thai food, and has mango with stick rice.

Break the Low Yat stranglehold! Support Newegg Malaysia.

Continue your technical safety education

  

Process Safety Analysis: An Introduction, Hazard Identification and Risk Assessment – IChemE, LNG Risk Based Safety: Modeling and Consequence Analysis, Process Safety Analysis: An Introduction.

Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: , , , , | Permalink
Posted by Wata

RM12b petroleum royalty demand by Kelantan govt without basis – PMO Read more: RM12b petroleum royalty demand by Kelantan govt without basis – PMO

April 19, 2013

I saw this and wondered, what was PCSB Peninsular Malaysia Operations (PMO) doing, giving out press statements? Dateline 2013-04-02:

The RM12 billion petroleum royalty demand by the Kelantan government is not based on any reasonable grounds, said a statement issued by the Prime Minister’s Office (PMO) here today.

The statement said the demand not only was unreasonable from the legal standpoint but also technicalities related to activities for oil and gas extraction in the area concerned.

“According to the law, the state of Kelantan, just as the state of Terengganu and all other states in Peninsular Malaysia, only have rights to demand petroleum royalty if extraction of oil and gas is done not more than three nautical miles from the low tide line or the shore of the state concerned,” it said.

…

Leave a Comment » | business opportunity, Malaysia, Malaysian election | Tagged: , | Permalink
Posted by Wata

PM warns PETRONAS of disaster if opposition promises done

April 18, 2013

From the Edge (which has disabled text copying on its pages) dateline 2013-04-02. And when he coming round to see us poor folks?

Prime Minister Datuk Seri Najib Razak warned staff of national oil and gas firm Petroliam Nasional Bhd (Petronas) that the opposition’s promises on Malaysia’s resources could bring “economic disaster” if implemented.

At a meeting with Petronas employees today, Najib took the opportunity to demolish the four key promises made by Pakatan Rakyat with regards to oil and gas management and Petronas.

Although he did not name the opposition pact, he alluded that his administration’s plans for the country were facing “threats,” including from those “who have come up with grandiose manifestos”.

…

 

4 Comments | Malaysia, oil and gas | Tagged: , | Permalink
Posted by Wata

Pertamina takes over PETRONAS gas stations

April 17, 2013

Not strictly Malaysian, but it could have been the Sulu Sultanate who…

Dateline Jakarta Post 2013-04-02:

State-owned oil and gas company PT Pertamina has taken over filling stations previously owned by Malaysia’s PT Petronas Niaga Indonesia after weak sales prompted Petronas close them down.

Pertamina director, Afdal Bahaudin, said on Tuesday that the company had purchased the stations, which are mostly in Java.

“We have purchased fuels stations in selected locations only,” he said.

Afdal declined to reveal the transaction value. He only said that the prices of the stations varied depending on location.

…

1 Comment | business opportunity, Malaysia | Tagged: , | Permalink
Posted by Wata

Petronas considers RM5 billion Islamic bond programme

April 3, 2013

Dateline 2013-03-29, Borneo Post Online:

Malaysia’s Petronas Gas Bhd (Petronas Gas) is considering setting up a RM5 billion (US$1.6 billion) Islamic bond programme to part finance the construction of regasification plants, three people familiar with the deal said.

The gas distribution arm of state oil company Petroliam Nasional Bhd (Petronas) invited proposals from investment banks to arrange the debt sale, said the people, who asked not to be named as the details were private.

A sale would be the Kuala Lumpur-based company’s second offering of sukuk, or debt that paid returns on assets to comply with Islam’s ban on interest.

It sold RM860 million of syariah-compliant notes in August via unit Kimanis Power Sdn Bhd to part finance a power plant, with maturities ranging from 2016 to 2028.

The 5.05 per cent notes due in 2023 yielded 4.23 per cent on Wednesday, according to data compiled by Bloomberg.

…

Leave a Comment » | investment, Malaysia | Tagged: | Permalink
Posted by Wata

RHB Research says 2013 “will be a good year” for Malaysia’s oil and gas industry

March 29, 2013

Dateline 2013-03-19, The Star:

RHB Research Institute believes 2013 “will be a good year” for the local oil and gas (O&G) industry on the back of improving jobs visibility.

Sectoral analysts Danny Chan and Mohd Faisal said in the industry upgrade report that the next focus for Petroliam Nasional Bhd (Petronas)is its push on domestic production growth which would likely benefit local service providers.

…

Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: | Permalink
Posted by Wata

Petronas Capex Focus To Centre On Developing Malaysian Oilfields, Says RHB Research

March 26, 2013

From Bernama (they still trying to prevent copying of their new articles, sigh), dateline 2013-03-18:

RHB Research expects Petronas’ capital expenditure (capex) focus for financial year 2013 until 2016 will be more centred to developing Malaysian oilfields as it remains committed to increasing domestic production.

Last year, Petronas discovered 24 new oilfields, of which 22 were domestic.

Notable finds include two major gas reserves in offshore Sarawak — Kuang North and Tukau Timur fields.

…

Leave a Comment » | Malaysia, oil and gas | Tagged: | Permalink
Posted by Wata

Polisi baru PETRONAS sisih syarikat bumiputera?

March 17, 2013

You can translate yourself. Who IS the advisor on these matters? If the guy asks for a cup of coffee when discussing the points of attack, she’s been overpaid. Me, I am open, and will charge you hourly rates with an invoice.

From Harakah Daily, dateline 2013-02-03:

Teras Pengupayaan Melayu (Teras) mendesak kerajaan agar polisi baru yang berkaitan dengan anugerah tender yang kini berjalan di bawah Presiden dan CEO Petronas Tan Sri Shamsul Azhar Abbas disemak semula.

Presidennya, Mohd Azmi Abdul Hamid berkata, walaupun CEO Petronas  tersebut ada menyatakan mahu melakukan reformasi besar dalam pengurusan Petronas, namun perubahan polisi yang menyisihkan syarikat tempatan dan syarikat bumiputera bukanlah perubahan yang dapat diterima.

“Berdasarkan perkembangan terkini yang melibatkan penganugerahan konsesi Petronas kepada syarikat asing, peranan Petronas untuk meningkatkan penyertaan syarikat bumiputera dalam industri minyak dan gas kini terjejas,” ujarnya dalam satu kenyataan.

Kenyataan beliau selanjutnya seperti di bawah.

…

Leave a Comment » | engineering, Malaysian election, oil and gas | Tagged: , | Permalink
Posted by Wata

« Previous Entries
Next Entries »