Landmark Opec deal fuels local O&G stocks

January 7, 2017

Did you catch the price rise wave, or mistimed and was caught in the trough?

Dateline 2016-12-02, NST:

Oil and gas (O&G) stocks rallied yesterday after Organisation of the Petroleum Exporting Countries (Opec) agreed on Wednesday to cut output for the first time in eight years.

Among the gainers were Deleum Bhd, Dayang Enterprise Holdings Bhd, UMW Oil & Gas Corp Bhd, SapuraKencana Petroleum Bhd and Uzma Bhd.

Leading the pack was Deleum, with the counter jumping 10.5 sen, or 12.8 per cent, to 92.5 sen, with 4.97 million shares traded.

Crude oil prices steadied around US$53 (RM236.90) a barrel yesterday, holding on to big gains made after Opec and Russia agreed to restrict production.

In the meeting, Opec members agreed to cut oil output by almost 1.2 million barrels per day from January to June next year.


Oil and gas service providers cannot afford to be ‘choosy’, says UMW chief

June 27, 2015

Yeah, I can:

Dateline 2015-05-19, TMI:

UMW Oil & Gas Corp Bhd’s (UMW O&G) chief said support service providers in the industry could not afford to be “choosy” as lower crude oil prices led to fewer contracts in the market.

UMW O&G president Rohaizad Darus said the number of contracts available had declined by 30% compared to a year earlier.

“Service providers in the oil and gas industry now cannot be choosy about the work they take,” Rohaizad told reporters after UMW O&G’s annual general meeting here today.


Malaysia’s UMW Oil & Gas sets tight IPO bookbuilding range

November 22, 2013

Yes, historical info, thank you for informing me.

Dateline 2013-10-02, Reuters:

UMW Oil & Gas Corp Bhd , a Malaysian offshore and drilling services firm, set a tight IPO bookbuilding range of thanks to strong demand from cornerstone investors, a source with direct knowledge of the process told Reuters on Wednesday.

This values the IPO at up to 2.36 billion ringgit ($729.63 million), the largest in Malaysia so far this year. This IPO comes on top of the $680 million flotation by Westports Holdings Bhd, operator of the country’s busiest port.


Saturday Star 2013-10-26 – Job Opportunities

October 28, 2013

Happy Budget Analysis Day!

Buy my recommendations, or through my Amazon store. Where are those corporate sponsors? Or throw donations at me. I need RM360 to get The Star ePaper.

  • I’m looking for a senior process engineer, 7+ years experience. Send your cv here. Also looking for technical safety persons, metering / measurement engineers and other seniors you think will catch my eye.
  • Sadara is inviting chemical professionals. A whole page advert. Email them here, or here, or visit their site.
  • PBJV are looking for people. Examples of positions are construction engineer, electrical engineer, turbo machinery engineer (rare commodity), safety office (wow, even inanimate objects can apply), commissioning engineer, mechanical/piping engineer. Email them here. Don’t forget to leave me a tip.
  • Here’s an interesting one. UMW Oil & Gas is looking for a head, drilling academy at Batu Rakit. Has INSTEP subbed out this training program? Email them here.

Help me (and you) increase my cloud presence. Pleease use some form of cloud storage, so if you lose your laptop with those oh-so-important reports, be assured that (with Internet access) the files are still accessible. Use my referrals for Dropbox, MiMedia,  SpiderOak, MediaFire, Ubuntu One, Sugar Sync.

Break the Low Yat stranglehold! Support Newegg Malaysia, or check Amazon’s International Shipping. Yeah, baby!

Let’s go back to basics, the quanta of it all:

  

Alice in Quantumland: An Allegory of Quantum PhysicsThe Wizard of Quarks: A Fantasy of Particle PhysicsScrooge’s Cryptic Carol: Visions of Energy, Time, and Quantum Nature

The IEM has a coffee table book out, Engineering Heritage of Malaysia (no, it is not Datuk Seri Samy Vellu’s bio). Visit here for details.

Food?I had lunch at Chakri Palace, KLCC. Blooming expensive. Anyone want to treat me to dinner there?


From the Star – UMW

July 1, 2009

Dateline 2009-06-26:

UMW to inject more companies into O&G arm

UMW Oil

UMW Oil

Anyone know what UMW’s O&G division core business is?

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