From Business Times – SapuraCrest bags RM3b Contract

March 20, 2009

Dateline 2009-03-18 (story link here):

SapuraCrest Petroleum Bhd has won a contract worth US$825 million (RM3 billion) for installation works at the Gumusut-Kakap field, about 200km offshore Sabah.

The field is located in 1,200m water depth.

The contract from Sabah Shell Petroleum Co Ltd will be executed over three years, beginning this year, SapuraCrest told Bursa Malaysia yesterday.

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

On the same topic from the Oil & Gas Journal (dateline 2009-02-05):

Sabah Shell Petroleum Co. Ltd. Sdn. Bhd. awarded JP Kenny Wood Group a contract for subsea integration and follow-up engineering work for the Gumusut-Kakap deepwater development in 1,300 m of water, 120 km off Sabah, Malaysia, on Blocks J and K

And I thought that G-K would languish until the recession is over.


From The Star – Oil & Gas Sector’s Performance

March 15, 2009

Date line 2009-03-07 (story link here):

By TEE LIN SAY

THE economy is going through one of its bleakest times, with oil prices at basement levels of US$40 to US$45.

Not surprisingly, Malaysian oil and gas service support companies aren’t spared and this has been reflected in their fourth quarter results.

On a combined basis, it would appear that oil and gas (O&G) companies underperformed, with combined net earnings declining by some 182% on a quarterly basis.

Nonetheless, a huge chunk of this disappointment was due to poor performances by Ramunia Holdings Bhd, Shell Refining (Federation of Malaya) Bhd, Petronas Gas Bhd and Petra Perdana Bhd. In the case of Shell, it suffered a single quarterly loss of RM523.11mil due to margin pressures.

Ramunia continued with its loss making streak by reporting a net loss of RM71.3mil for the fourth quarter ended Oct 31, 2008. For the full year, Ramunia made a net loss of RM279.8mil.

Generally, the bulk of companies which underperformed, attributed their losses to provisions, cost overruns, inventory loss and lower product demand. It wasn’t a sea of disenchantment. There were the outperformers too.

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


From The Star – RON97 petrol to cost more in July

February 21, 2009

Date line 2009-02-20:

PETRONAS - ROn 92

PETRONAS - ROn 92

PUTRAJAYA: The price of RON97 petrol will be increased, when the Government introduces RON95 to replace RON92 in July, said Domestic Trade and Consumer Affairs Minister Datuk Shahrir Samad.

He said this was to encourage consumers to use RON95, which was cheaper compared to RON97.

“The Government intends to subsidise more on RON95, when it is introduced in July to make it the same price as RON92,” he told a press conference here on Friday.

He said the price of both RON95 and RON97 petrol would be announced in July.

 Don’t know about you, but I would have kept RON95 at the current price, and got RON97 users to pay a premium. If most cars can use RON95, then from the user’s end nothing has been changed, but the government can reduce its fuel subsidies.

From the crude oil price perspective, this will cause … no change at all.


The Star – Plan to Lower Gas and Power Tariffs

February 4, 2009

As I have commented in my previous entry, you can feel the  Hand of Jabba behind these announcements.

The Star Revise Gas Prices 2008-01-31

The Star Revise Gas Prices 2008-01-31

I’ve scanned the article from the Star. You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.


The Star – Rebate to End

February 3, 2009

Those who took for granted that the fuel rebates started last year would continue indefinitely have to think again. Any I never got the opportunity to enjoy the rebate, seeing that my road tax expires in April.

The Star Rebate Pt 1 2009-01-31

The Star Rebate Pt 1 2009-01-31

The Star Rebate Pt 2 2009-01-31

The Star Rebate Pt 2 2009-01-31

I’ve scanned the article from the Star. You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.


From the Star – Women Engineers in Oil & Gas

January 29, 2009

Don’t know why people kick up a fuss about women engineers in O&G. Some of the toughest engineers I know are women. And managers. And procurement analysts.

star-2009-01-26-gordon-a-role-model-for-women-in-oil

I’ve scanned the article from the Star. You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.


The SOGE Story – Branding Tips

January 28, 2009

Since Synergy is heavily into branding itself nowadays, I thought a quick detour on branding tips is in order:

The Star - 10 Tips on Branding

The Star - 10 Tips on Branding

I’ve scanned the article from the Star. You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.


The Star – Oil Price may Rally end 2009

January 14, 2009

Don’t know about you, but I believe 2 things will happen:

When these will happen, ah, that’s the trick. Here’s one prediction.

The Star - Oil Price Rally?

The Star - Oil Price Rally?

I’ve scanned the article from the Star.

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


From The Star – “Crude Oil Price …”

December 23, 2008

I’ve scanned the article from the Star.

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

The Star Malaysia Article - Crude Oil Prices

The Star Malaysia Article - Crude Oil Prices


Saturday Star 2008-12-06 – Job Opportunities

December 9, 2008

Another week, another scan of the Saturday Star newspaper. Here’s a list of job ads in the paper:

  • Synergy Oil and Gas Engineering is recruiting fresh chemical engineering graduates, or those with around 1 year experience. CVs may be sent to enquiry@synergykl.com.my. It’s also looking for admin execs who can run the invoicing / payroll / accounting web as well as be office managers.
  • Delcom (public holding company Deleum) is looking for a project, business development, sales/technical and operations coordinator engineer. At least 2+ years experience. Hah, you have to send a hardcopy CV the Human Resources Department, Deleum Berhad, no. 2, Jalan Bangsar Utama 9, Bangsar Utama, 59000 KL.
  • MMHE are looking for a mess of engineers. If you have 5 years experience, come to their walk-in interviews at Suria Cherating Beach Resort (this is for the Kerteh people I assume) on the 12 & 13th Dec, 0830 to 1800, and M S Garden Hotel (this is for the Gebeng crowd :)) on the 14th, same time. Or you can apply online here.

Sigh, when I move with Synergy to Subang, will you patronise Chee Meng in my memory?