From The Star – Oil spill in Singapore Strait has no lasting effect

June 3, 2010

Taken from The Star, dateline 2010-06-02:

KUCHING: The oil spill from the collision of two vessels in the Singapore Strait appears to have no lasting effect on the affected coastal areas, Natural Resources and Envi­ronment Minister Datuk Douglas Uggah Embas said.

He said he visited the area last Sunday and could see the difference between one spot which had been cleaned up and the areas yet to be cleaned.

“Once the beach has been cleaned, there is no effect and no more odour of oil because the sea current is moving and there is clean water flowing in,” he told reporters at his Gawai open house at Taman BDC here yesterday.

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From the Star – Is PETRONAS on the Right Track (PT 2)

April 9, 2010

Continuing from Part I, Taken from The Star, deadline 2010-03-20:

How do we compare with Nigeria, Venezuela, Indonesia, Alaska and Norway, all oil-producing countries, in terms of management of the oil revenue and spending?

On the macro-policy side it is clear that, instead of using our oil revenues to encourage high income generation activities in the late 1990s, we have committed to rely on labour-intensive manufacturing

The Star PETRONAS

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Saturday Star 2010-04-03 – Job Opportunities

April 5, 2010

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, you are definitely Autom8
fodder.

  • Synergy is looking for lead safety engineers, safety specialists, junior and lead process engineers and technical writers. We’re on an expansion drive, people! Visit the Synergy website for contact details. For leads, you need 5 years plus experience in the oil & gas industry. For safety specialist applicants, you need to be well versed in HAZOP, HAZID, QRA, FERA and Formal Safety Assessment. Ah, heck. If you have more than 5 years experience in O&G, apply. If you have less than 5, send a donation to the offshore account, and still get abuse. For juniors, go pick up a copy of Cambridge’s ChemEng syallabus, and go study like the Tripods (all of them) are tomorrow.
  • RasGas is looking for Field Operators, Operation Maintainer, Technician, Shift Process Operators. CVs to be submitted here. You can phone the local recruiters at +603 2078 1918. I believe RasGas is a JV, one of the partners being ExxonMobil.

No food recommendations this week, as I haven’t gone anywhere new. I really need to buck up on doing marketing rounds.

If you’re looking for a book recommendation, I heartily recommend Daemon. It’s an exciting introduction to the way the new techno-thriller genre is going. Well, not new, everyone’s heard of William Gibson and Neuromancer
, but think of this as moving techno-thrillers from military and spycraft to the ‘Net, IP addresses and MMORPG. I can’t wait for the second part of the duology
to come out.


From the Star – Is PETRONAS on the Right Track

March 26, 2010

Taken from The Star, deadline 2010-03-21:

Many nations blessed with rich resources have enjoyed economic booms, but many have also been cursed by it. So what is Malaysia’s standing among the world matrix of oil-producing nations, and how well are we managing our oil revenue?

IN 1973, OPEC (Organisation of Petroleum Exporting Countries) unexpectedly imposed a six month embargo on oil supplies, inducing the first global oil shock. Malaysia’s response to that was the incorporation of PETRONAS as the Malaysian oil corporation. The timing seemed right given that in 1971 the price of oil was just US$1.50 but by 1974 it was already averaging US$12 per barrel, making it viable for PETRONAS to extract oil from our off-shore reserves.

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


From The Star: Wah Seong bids for Socotherm

March 23, 2010

Dateline 2010-03-18, from The Star:

KUALA LUMPUR: Oil and gas company Wah Seong Corp Bhd submitted its bid to buy over Italian company Socotherm SpA three weeks ago, said deputy managing director Giancarlo Maccagno.

The results of the tender, which has attracted four other parties, would be known by end-April.

Maccagno declined to reveal the cost of the acquisition, which would be funded internally, as the company had a high cash reserve and low gearing of 0.3 times.

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From The Star – Fuel Pricing by Car Size

January 19, 2010

Do I need to elaborate on this article from The Star deadline 2010-01-08? It should be retitled ‘Fuel Pricing Finally Goes Bananas’:

PETALING JAYA: The bigger your car, the more you will have to pay for petrol from May 1.
This is because the Government is going to change the way fuel is subsidised.
It is planning for a fuel pricing mechanism that will ensure only targeted groups, particularly those from the lower-income, will receive fuel subsidy.
Also, foreigners who drive into the country to fill up their tanks will not be eligible for subsidy and will have to pay more for fuel.
“The bigger the engine, the higher petrol will cost,” Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said yesterday.

Don’t get me wrong, I’m all eliminating the fuel subsidy in conjunction with a concerted effort to entice me to use a safe, reliable, efficient, cost effective, redundent public transport system. My dark sense of humor was so tickled by the above article that it shut down for a few minutes for want to address all the things that can go screwy.

If you want some follow up articles, try here, here.


From The Star – 20-litre ruling

December 16, 2009

From the Star, dateline 2009-12-16:

The ban on the sale of petrol and diesel over 20 litres to foreign cars within a radius of 50km from any point of entry into the country will take effect today.

Domestic Trade, Cooperative and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said the ban, which was aimed at preventing the smuggling of petrol and diesel, would be in place until a new mechanism for the management of oil subsidy is implemented in May next year.

“Directives have been issued to all petrol stations in the stipulated areas on the new ruling. We have also issued notices to all foreign-registered vehicles in the country informing them of the new regulation,” he told reporters at the Parliament lobby yesterday.

With the ruling, he said, only Singapore-registered vehicles were allowed to leave Malaysia with more than 20 litres in their tanks as the authorities in the republic had already imposed a ruling that all vehicles crossing its borders must have their tanks at least three-quarters full of fuel.

I’ve always thought that the petrol stations whose main source of income (and the most vocal in complaint) is selling subsidised fuel to foreign cars, should be considered to be the same category as raiders of our national coffer. Think about it, they are colluding to give away a subsidy meant for the rakyat (at the cost of say RM1/liter) to foreigners. Where do you think that money came from, and whether it is better spent here at home?

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