Saturday, 13 December 2014




We have an opening for Flexible and Riser Inspector for a Subsea project in Johor Malaysia. This would be 1-2 years contract under Hask Engineering and Management.

The Client:
Company that delivers services of classification, certification, testing and inspection (TIC Services) to guarantee excellence to organizations in the marine, environment and energy, infrastructures, transport and logistics, quality and safety and agri-food sectors. As a result of their ongoing investments in R&D and training, They have consolidated exceptional skills in certifying management systems, products, installations and personnel for companies of all sizes operating anywhere in the world, at the same time developing their core business of ship classification and certification.

Job Description:
Diploma & Degree in Engineering preferable in Metallurgical / Material Engineering.
At least 10 years experience in flexible and riser welding, flexible & riser inspection and testing associated with oil and gas projects with extensive experience and weld inspection procedures and techniques, including but not limited to visual inspection, magnetic particle, radiographic and ultrasonic NDT, in oil and gas environment.
Familiar with the Code, standard, specification related flexible & riser equipment and welding (ASME, API, ASTM, ISO, MIGAS, SNI).
Level II in NDE under ASNT-TC-001 A experience on procedures validation.
Qualified welding inspector or recognized Certification Scheme (B4T/BKI, CSWIP, AWS or PCN).

Should you find yourself suitable and interested, please do send us a copy of your UPDATED CV (word format) along with your salary details (current and expectation) and earliest availability.

Please assist us in forwarding this mail to your friends / colleagues who might be interested in moving. For inquiries, you may reach me thru mail or you may call +65 6492 5852. Thank you!

Best Regards,

HR Consultant

HASK Engineering & Management Pte. Ltd.
50 Bukit Batok St. 23
#04-23, Midview Building
Singapore 659578
Tel: +65 6492 5852
SKYPE ID : lizettehask;      WEBSITE :

Saturday, 29 November 2014

No more marginal oil field awards for now

PETRONAS will not proceed with the awarding of new marginal oil fields unless the price of Brent crude settles above US$80 per barrel.

According to Petronas president and chief executive, although the breakeven for marginal oil fields is US$65 per barrel, they will not look into any such proposals until the global price situation stabilises.

“We would be comfortable to embark on marginal oil fields only when the price settles down at more than US$80 per barrel,” he said.

Friday, 28 November 2014

Petronas Q3 profit falls 12.4% on weak oil prices

Petroliam Nasional Bhd (Petronas) reported today a 12.4% fall in third-quarter profit on weakness in oil prices, the US dollar and liquefied natural gas (LNG) sales.

Net profit totalled RM15.07 billion in July-September from RM17.2 billion a year earlier, Petronas said in a statement. Revenue declined marginally to RM80.4 billion.

Chief Executive Shamsul Azhar Abbas told reporters after the earnings release that payments to the government in the form of dividends, tax and royalties could be 37% lower in 2015 if oil stays around US$75 a barrel.

The CEO also said Petronas' decision to invest in the Pacific Northwest liquefied natural gas project in Canada is 75% complete, and that the company is now in the process of negotiating with bidders of related contracts. – Reuters

Oil falls as OPEC opts not to cut production

The Organization of Petroleum Exporting Countries (OPEC) decided on Thursday not to cut oil production, despite sliding oil prices.

Brent crude oil fell more than $3 to under $75 a barrel - a fresh four-year low - on the news while West Texas Intermediate dropped below $70. Global oil prices have plunged since peaking in June, and Brent crude has lost around a third of its price from $115 a barrel.

Following a meeting of OPEC in Vienna, the oil minister of leading member Saudi Arabia, Ali Al-Naimi, was asked whether the group had decided not to reduce its output from 30 million barrels per day. He responded: "That is right".

Speaking to CNBC, Nigeria's Petroleum Minister and newly elected OPEC president, Diezani Alison-Madueke, said that non-OPEC oil producers had to "share the burden" of any future cut in production.

"Of course we are hoping over the next year we will see more stability," she added.

OPEC issued a statement after the highly-anticipated, five-hour meeting claiming that the ministers "in the interest of restoring market equilibrium" had decided to maintain its current production levels.

"As always, in taking this decision, member countries confirmed their readiness to respond to developments which could have an adverse impact on the maintenance of an orderly and balanced oil market," the statement said.

Monday, 24 November 2014

Petronas award blocks SB331 and SB332 to SapuraKecana

PETRONAS on Thursday awarded two Production Sharing Contracts (PSC) for Blocks SB331 and SB332 onshore Sabah to SapuraKencana Energy Sabah Inc, M3nergy Berhad and PETRONAS Carigali Sdn Bhd.

The award was made after a competitive bidding exercise where PETRONAS invited bids from upstream companies for these blocks.

Blocks SB331 and SB332, measuring 13,114 square kilometres and 17,933 square kilometres respectively are located in the eastern part of Sabah. There have been minimal activities in the blocks but the presence of oil and gas seeps indicate a probable working petroleum system.

Under the term of both PSCs, SapuraKencana will operate the blocks with participating interest of 70 per cent while M3nergy will own up to 25 percent of the equity.

The partners are committed to drill two wildcat wells and acquire 500 line kilometres of new 2D seismic data in Block SB331 as well as to drill one wildcat well and acquire 100 line kilometres of new 2D seismic data in Block SB332. In addition, they will also carry out other integrated studies based on existing data for the two blocks.

The PSCs were signed today in Kuala Lumpur and present to sign the contracts were Executive Vice President and CEO Upstream of PETRONAS, Dato’ Wee Yiaw Hin; President and Group CEO of SapuraKencana Petroleum Berhad, Tan Sri Dato’ Seri Shahril Shamsuddin; Chairman of M3nergy Berhad, Tan Sri Datuk Seri Panglima Sukarti Wakiman; and President and CEO of PETRONAS Carigali Sdn Bhd, Datuk M Anuar Taib.

Issued by

Media Relations
Group Strategic Communications

Monday, 17 November 2014

TH Heavy unit bags Bukit Tua job

The Bukit Tua field is located 35km north off the coast of Madura Island. 

TH Heavy Engineering Bhd’s (TH Heavy) 30%-owned unit Berlian McDermott Sdn Bhd has bagged a contract from PC Kelapang II Ltd, a unit of state-controlled Petroliam Nasional Bhd (Petronas), for transportation, installation and pre-commissioning works at the Bukit Tua Development in East Java, Indonesia.

Berlain McDermott’s main asset is a 128-metre derrick lay barge known as the DB 30. The DB 30’s main selling points are its crane capacity of about 3,000 tonnes, and its ability to install pipes of up to 60 inches (1.5m) in diameter.

While details of the job, such as the value of the contract, are not clear, TH Heavy officials confirmed the awarding of the contract. United States-based McDermott International Inc, which owns the remainder 70% of Berlian McDermott, announced the award of the job last month.

Saturday, 15 November 2014

Dialog Shareholders Agreement For RM2.7 Billion Pengerang LNG Project

Dialog Group Bhd's wholly-owned subsidiaries, Dialog LNG Sdn Bhd and Pengerang LNG (Two) Sdn Bhd (PLNG-2), have entered into a shareholders' agreement with Petronas Gas Bhd for the development of liquefied natural gas (LNG) regasification facilities at Pengerang, Southern Johor.

The total estimated project cost of the Pengerang LNG project is about RM2.7 billion, Dialog Group said in filing to Bursa Malaysia.

The project comprises a regasification unit and two units of 200,000-cubic metre LNG storage tanks with an initial send out capacity of 3.5 million tonnes per annum equivalent to about 490 million standard cubic feet per day of natural gas.

Friday, 14 November 2014

Total And Petronas In Race To Win TAPI Contract

Malaysia's national oil company Petronas and Total of France are in the race to win the lucrative Turkmenistan-Afghanistan-Pakistan-India transnational gas pipeline (TAPI), Pakistan's Express Tribune reported.

It said Chevron and ExxonMobil, the top us energy firms, have dropped out following rejection of their demand for an equity stake in the project.

The report quoted sources as saying that the steering committee of the TAPI project will meet in the Turkmenistan capital, Ashgabat, on Nov 17-18 to discuss the possibility of awarding the US$10 billion construction contract.

Thursday, 13 November 2014

Laut bergelora di perairan Terengganu hingga Sabtu

Amaran angin kencang dan ribut bergelora di perairan Terengganu dijangka berterusan sehingga Sabtu ini dengan ombak mencapai ketinggian sehingga 3.5 meter.

Pemangku Setiausaha Majlis Keselamatan Negara (MKN) Terengganu Roslina Ngah berkata keadaan itu juga dijangka membawa angin timur laut dengan kelajuan 40 hingga 50 kilometer sejam.

"Mengikut bacaan Jabatan Pengairan dan Saliran, setakat 7.30 pagi, semua stesen data taburan hujan di seluruh Terengganu menunjukkan purata hujan yang turun adalah bacaan normal dan tiada amaran banjir dikeluarkan setakat ini," katanya dalam kenyataan hari ini.

Bagaimanapun semua jabatan dan agensi di peringkat negeri dan daerah yang terlibat telah diminta untuk bersiap sedia menghadapi banjir.

- Bernama

KPOC Starts Gas Production From Kebabangan Field

Kebabangan Petroleum Operating Company Sdn Bhd (KPOC) has successfully started gas production from the Kebabangan (KBB) platform.

The production from the KBB field is expected to ramp up to 500 Million Standard Cubic Feet (MMSCF) per day by April 2015, KPOC said in a statement here, today.

The field is located offshore Malaysia and is part of the KBB Cluster Production Sharing Contract operated by KPOC.

KPOC is a joint operating company comprising Petronas Carigali Sdn Bhd (40 per cent), ConocoPhillips Sabah Gas Ltd (30 per cent) and Shell Energy Asia Limited (30 per cent).

Monday, 10 November 2014

182 Jawatan Kosong di PETRONAS - 30 November 2014

182 Jawatan Kosong di PETRONAS - 30 November 2014

Kekosongan jawatan terkini di PETRONAS November 2014.

Permohonan adalah dipelawa daripada warganegara Malaysia yang berkelayakan dan mempunyai potensi dan kebolehan serta komitmen yang tinggi untuk mengisi kekosongan jawatan kosong terkini di PETRONAS dalam bidang minyak dan gas sebagai :

Saturday, 8 November 2014

MMHE secures RM350mil oil and gas contracts

Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) has secured two contracts worth close to RM350mil for offshore fabrication and other associated works for exploration and production projects in Peninsular Malaysia.

The first contract, the company said, was for the fabrication of well-head platform and its jacket, the connecting bridge and heavier jacket for the central processing platform for the North Malay Basin Bergading Complex.

For this project, MMHE said it would be the subcontractor for Hyundai Heavy Industries Co Ltd.

“The total weight of these structural components under MMHE’s work scope is about 14,800 tonnes and they are scheduled for delivery to the project’s ultimate client, Hess E&P Malaysia BV, by 2016.”

The complex is located offshore Peninsular Malaysia in water depths of between 55 metres and 60 metres, it said in a statement.

The second contract involves the procurement, construction, hook up and commissioning contract for the Besar–A well-head platform and its jacket as well as the associated host tie-in work for Petronas Carigali Sdn Bhd.

“With total components weight of 5,100 tonnes, the project is scheduled to be completed towards the end of 2015. The Besar Field is located offshore 185km northeast of Kerteh in Terengganu at a water depth of about 70 metres.”

In the same statement, MMHE managing director and chief executive officer Dominique de Soras said the projects were awarded after competitive bidding among regional yards.

“Hence, the award of these projects is a reflection of MMHE’s improved competitiveness, thanks to a number of initiatives and stronger management focus on the offshore business segment.

“As oil and gas companies increasingly implement more stringent project evaluation threshold levels, every project awarded becomes critical in fulfilling the overall organisational objectives of our customer,” he said.

Wednesday, 22 October 2014

Total's CEO Christophe de Margerie dies in Moscow plane crash

Christophe de Margerie, the chief executive officer of Total SA, the French oil company, has been killed in an accident at Moscow's Vnukovo airport, according to official sources.

A representative of the transport investigative committee said the French-made Falcon 50 business jet, headed for France, collided with the snow-removal machine during take-off, TASS news agency reported.

Russian President Vladimir Putin sent his condolences over the incident, calling de Margerie a "true friend of our country".

"In Christophe de Margerie, we lost a real friend of our country, whom we will remember with the greatest warmth."

Thursday, 16 October 2014

Will Kuala Lumpur Become the ‘Houston of Asia’?

Helped along by a stable, transparent, pro-business government, Malaysia has been quietly building itself into an oil and gas hub, and the world’s oil and gas companies -- who increasingly see this country as a natural base for their broader Asian operations -- have noticed.

With Singapore now the world’s most expensive city, Jakarta in constant gridlock and Bangkok the center of recurring coup activity, Kuala Lumpur is fast becoming the preferred central location for businesses looking to take advantage of the expected growth in South East Asia.

Friday, 10 October 2014

Oil falls to lowest since 2010 as Opec ups supplies

Brent crude oil fell to its lowest since 2010 on Friday, dropping below US$90 (RM292) a barrel as Saudi Arabia said it upped production last month, increasing speculation of an Opec price war.

Fast-rising oil output in North America and tepid economic growth had raised expectations the Organization of the Petroleum Exporting Countries (Opec) will cut output when it meets in November to stem a near 25 percent price slide since June.

Tuesday, 7 October 2014

MP: Tun Razak beritahu ada royalti minyak Terengganu

Ahli Parlimen Kuala Terengganu Datuk Raja Kamarul Bahrin Tengku Ahmed Shah mendedahkan beberapa dokumen yang didakwa bukti Terengganu menerima royalti minyak dan bukan Wang Ihsan atau dana persekutuan seperti dinyatakan pemimpin BN.

Beliau membidas kenyataan Kementerian Kewangan 24 September lalu yang menyatakan tiada petroleum diperoleh di negeri Pantai Timur Semenanjung Malaysia – yang tidak lebihi 3 batu nautika pesisir pantai negeri Kelantan, Pahang dan Terengganu – justeru tiada royalti diberikan.

Monday, 6 October 2014

Carimin Petroleum plans Main Market listing

Carimin Petroleum Bhd has signed an underwriting agreement with M&A Securities Sdn Bhd for its proposed listing on the Main Market of Bursa Malaysia in November 2014.

The company said M&A Securities would assume the role of adviser, underwriter and placement agent for the exercise. In a statement, Carimin said the floatation would comprise the issuance of 60.7 million new shares. — Bernama

Thursday, 2 October 2014

Oil drops under US$93 to new 27-month low as supply glut grows

Oil prices hit their lowest level since June 2012 today, dropping below US$93 (RM303) a barrel, as official oil price cuts from top producer Saudi Arabia added to supply glut worries and weak global economic data.

Oil declined together with European stocks ahead of a European Central Bank (ECB) meeting today, as investors are waiting to see if ECB chief Mario Draghi's asset purchase plan can inject confidence into the euro zone economy.

Sharp cuts in official selling prices from state producer Saudi Aramco to Asian customers on Wednesday came as the clearest sign yet that the world's largest exporter is trying to compete for crude market share, amplified supply concerns.

"This is a structural change in the oil market, with Saudi Arabia explicitly stating that they are willing to compete on price," said Bjarne Schieldrop, chief commodities analyst at SEB in Oslo.
"I think Brent will fall below US$88 before we see the bottom of the market."

Brent oil for November delivery lost US$1.30 at US$92.86 a barrel by 0817 GMT (4.17pm, Malaysia time). It went as low as US$92.57 a barrel in early trade, a fresh low from June 2012.

Murphy sold 30% stake in its Malaysian asset to Pertamina

US independent Murphy Oil has sold a 30% stake in its Malaysian oil and gas assets to Indonesia's PT Pertamina for $2 billion cash.

New York-listed Murphy Oil’s chief executive Roger Jenkins said that the farmout showed the value of its “high-margin, long-term assets” in the south-east Asian state.

Tuesday, 30 September 2014

Petronas akan henti projek LNG RM32b di Kanada?

Petroliam Nasional Bhd. (Petronas) mungkin menghentikan pelaksanaan projek gas asli cecair (LNG) bernilai AS$10 bilion (RM32 bilion) di Kanada, ekoran tekanan cukai yang boleh menjejaskan pulangan pelaburan projek tersebut.

Menurut Presiden dan Ketua Pegawai Eksekutif Petronas, Tan Sri Shamsul Azhar Abbas, usaha bagi merealisasikan projek tersebut kini tidak menentu dan pihaknya tidak dapat membuat Keputusan Pelaburan Akhir (FID) mengenainya menjelang akhir tahun ini.

Petronas targets Latin America expansion

Petronas President and Group CEO, Tan Sri Dato’ Shamsul Azhar Abbas on 25 September 2014 inked a Memorandum of Understanding (MoU) and Cooperation with the Director General of Petróleos Mexicanos (Pemex), Emilio Lozoya Austin purposed at furthering business opportunities and mutual co-operation between the two national oil companies.

With this, PETRONAS and Pemex will explore appropriate mechanisms through which there will be an exchange of experience, knowledge and best practices for activities related to deepwater projects, mature fields, heavy and extra heavy crudes, as well as the possibility to develop projects related to natural gas and infrastructure.

Saturday, 27 September 2014

Sebelum nuklear, bangunkan teknologi Waste-to-Energy

DEWAN Rakyat kembali bersidang pada 7 Oktober 2014. Selain Belanjawan Tahunan yang menjadi fokus seluruh negara, beberapa Rang Undang-Undang (RUU) yang mungkin dibentangkan untuk bacaan kali pertama juga bakal menjadi tumpuan.

Pada awal bulan Ogos, Menteri di Jabatan Perdana Menteri Datuk Mah Siew Keong, yang dipertanggungjawabkan untuk menyelia Perbadanan Tenaga Nuklear Malaysia (MNPC) telah mengeluarkan kenyataan bahawa Rang Undang-undang (RUU) Kawal Selia Tenaga Atom yang kini masih berada di peringkat draf memberi penekanan terhadap aspek keselamatan penggunaan tenaga atom selaras dengan garis panduan yang ditetapkan Agensi Tenaga Atom Antarabangsa (IAEA) dijangka dibentang di Parlimen hujung tahun ini.

Lundin Petroleum acquires interest in PM328, offshore Malaysia

Lundin Petroleum, through its wholly owned subsidiary Lundin Malaysia B.V. (Lundin Malaysia), has entered into agreements to acquire a 50 percent interest in PM328, and operatorship of the block, from PETRONAS Carigali. The effective date of the transaction is 31st August 2014.

PM328 is located offshore Malaysia, north east of PM307 which is also operated by Lundin Malaysia. PM328 covers an area of 5,600 square kilometres.

Thursday, 25 September 2014

Petronas closer to completing world’s first floating LNG facility in S. Korea

The first topside module is to be installed on Petronas' floating liquefied natural gas facility which is being constructed at Daewoo Shipbuilding and Marine Engineering shipyard in Okpo, South Korea. - Petronas

Petroliam Nasional Bhd (Petronas) has commenced the lifting of the first topside module for its floating liquefied natural gas (PFLNG1) facility at the Quayside of Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in Okpo, South Korea.

The topside module lifting marks another major construction milestone for the facility, as it signifies the near completion of the PFLNG1, which will be the world’s first floating LNG facility in operation.

Tuesday, 23 September 2014

Petronas implements 10 EOR projects

National oil and gas company Petronas is now actively implementing enhanced oil recovery (EOR) programmes to enhance crude oil production in maturing fileds, with more than 10 EOR projects in the pipeline.

Executive director Datuk Mohamad Idris Mansor said the entire programme will be rolled out in phases over the next decade.

SapuraKencana unit discovers gas offshore Sarawak

SapuraKencana Petroleum Bhd’s unit, SapuraKencana Energy (SKE), has discovered gas at Bakong-1, the fifth and final well in its 2014 drilling campaign within the SK408 production-sharing contract area offshore Sarawak.

The newest discovery is the biggest in terms of gross gas column, which is in excess of 600 m in the primary target reservoir located within the Late Miocene Carbonate reservoirs, bringing the total gas discovered to more than three trillion standard cu ft of gas in-place.

Shell begins work on Malaysia deep water field

Shell has started work, drilling production wells on Malaysia’s third deepwater development, the Malikai field, offshore Malaysia.

The Malikai development involves 17 wells drilled from a 23,500 tonne tension leg platform production facility, the first TLP to be fabricated and installed in Malaysia.

Norwegian firm, Norshore’s first drilling and intervention vessel, NorshoreAtlantic  has started a contract with Sabah Shell Petroleum Company on the Malikai field offshore Malaysia. The work involves batch drilling eight top holes in 475m water depth and is expected to run for about 75-130 days.

The Malikai oil field is 100 km offshore Sabah, Malaysia. The field, in up to 500m water depth, is part of the Block G Production Sharing Contract awarded by PETRONAS in 1995. Operated by Sabah Shell Petroleum Company. Shell and ConocoPhillips each holds 35 per cent interest in the development while PETRONAS Carigali has 30 per cent.

Monday, 22 September 2014

PETRONAS to allocate RM430m for forward bases in Esszone, Sabah

Two forward bases to be located in Sabah waters will be completed by April next year, in a move to thwart all threats and strengthen security along Malaysian waters, said Defence Minister Datuk Seri Hishammuddin Tun Hussein.

He said one of the forward bases would be at a Petronas petroleum rig which was no longer in use, and its construction was expected to cost about RM230 million.

Bantah pembinaan janakuasa nuklear di Malaysia

Pada tahun ini, kerajaan akan memilih lokasi bagi membina janakuasa nuklear. Seluruh rakyat perlu membantah usaha ini kerana akibatnya kepada negara kita amat buruk sekali. Penggunaan tenaga nuklear ada banyak keburukan, termasuklah:

1. Radiasi, yang mengakibatkan kanser, mencemarkan air, tanah dan udara
2. Bahan buangan radioaktif mengancam nyawa manusia dan akibat radiasinya adalah ribuan tahun.
3. Jika berlaku kecuaian @ kemalangan di janakuasa nuklear, sekalipun kemalangan kecil, akibatnya amat dahsyat.
4. Eutrofikasi menyebabkan akibat buruk pada hidupan air

Tuesday, 16 September 2014

ExxonMobil starts large-scale enhanced oil recovery project

ExxonMobil Exploration and Production Malaysia Inc, an ExxonMobil's unit has announced the startup of the Tapis enhanced oil recovery (EOR) project.

The Tapis EOR project is Malaysia’s first large-scale enhanced oil recovery project and will use the immiscible water-alternating-gas process to recover remaining oil reserves from the Tapis field.
It does this by gradually sweeping remaining oil to the producing wells, increasing the overall recovery of the field, the group said on Friday.

Priceworth expands into oil and gas sector

Priceworth International Bhd is expanding into the oil and gas (O&G) sector through a joint venture (JV) with Miri O&G company Semaring Enterprise Sdn Bhd.

Under the JV, Priceworth and Semaring Enterprise will seek O&G works from national oil company Petroliam Nasional Bhd (Petronas) and its partners with profit sharing contracts (PSC).

Semaring Enterprise is a licensed and registered contractor and supplier for Petronas and its PSC partners.

Priceworth signed the JV agreement through its wholly owned subsidiary Maxland Dockyard & Engineering Sdn Bhd.

“Priceworth is undertaking this proposed JV to mitigate any over-dependence on the core timber business, and seek alternate income streams.

“The outlook on the O&G industry remains positive, which makes this proposed JV a good strategy to use our existing facilities and infrastructure,” said managing director Andrew Lim in a statement yesterday.

Priceworth operates a shipyard in Seguntor, Sandakan, via Maxland Dockyard (formerly Maxland Shipyard Sdn Bhd). This shipyard includes a dockyard and engineering facility to fabricate and service vessels and barges.

“Priceworth’s shipyard is strategically located on the east coast of Sabah and will be the only one serving this area, providing cost savings in terms of travel distance. Other nearest shipyards are in Labuan or Sarawak,” he added.

“Semaring Enterprise has had a long track record in this sector since 1994. We have delivered over RM800mil in O&G works in the past four years,” said Semaring Enterprise director Dawat Gukang.

“We are pleased that Maxland Dockyard will become our technical and advisory partner in this sector,” he added.

Under the JV, Priceworth will provide Semaring Enterprise with technical and advisory services in tendering/competing/bidding for the award of O&G works from Petronas and its PSC partners.

Semaring Enterprise will be well-positioned to expand further into upstream drilling operations, namely, exploration and production, integrated facility maintenance, hook up and commissioning, installation and pipe maintenance, as well as fabrication and shipbuilding services.

Priceworth will also provide the services, expertise and support with respect to the performance, implementation and completion of any O&G works awarded to Semaring Enterprise by Petronas and its PSC partners.

The JV will share the net profits and costs as follows: 60% to Maxland Dockyard and 40% to Semaring Enterprise.

Priceworth, a fully integrated timber company, moved into sustainable forest management in 2009 and continues its transformation into a supplier of sustainable, renewable timber.

The group also ventured into the shipyard business in 2012 by building new vessels and performing maintenance services for external clients, besides maintaining its own fleet of vessels for timber delivery.

Tuesday, 9 September 2014

India’s Punj Lloyd bags Petronas’s RAPID Farm job worth US$581m

India’s Punj Lloyd Group, a specialist in engineering, procurement and construction (EPC) services, yesterday announced the winning of a massive US$581 million Petroliam Nasional Bhd’s (Petronas) Refinery and Petrochemical Integrated Development (Rapid) Tank Farm project in Pengerang, Johor.

The announcement squashes talks of several big boys bandied to be potential beneficiaries for the job including SapuraKencana Petroleum Bhd, Naim Holdings Bhd and Benelac Holdings Bhd.

Malaysian oil and gas firms secure RM528 million sales in Norway

Malaysian companies have secured sales worth RM528.30 million during a specialised mission for the oil and gas (O&G) sector to Stavanger, Norway.

"Sales were generated for waste heat recovery unit, accommodation barge, gaskets, metal expansion joints and special valves as well as engineering, procurement, construction, installation and commissioning business," said Malaysia External Trade Development Corporation (Matrade) in a statement.

Under the services sector, it said sales were recorded for geosurvey and geotechnical, pipeline inspection and non-destructive testing, oil recovery and consultancy, among others.

"It was a fruitful participation as we have managed to identify a few companies that are operating in Central Asia, which we are following up for registration purposes.

"Hopefully, tangible results can be obtained soon," said a mission participant, Zamrin Mohamed Daud of Oilfield Technical Inspection Sdn Bhd.

Sunday, 7 September 2014

First oil at Malaysian Peninsular's Banang

Petronas has said oil production has started on the second small field of the three-field cluster oil development off peninsular Malaysia.

The Kuala Lumpur-headquartered oil and gas company said that oil production had started at the Banang field in mid-July and was generating around 6000 barrels in daily output.

Sunday, 31 August 2014

Ketua Menteri Sarawak mahu royalti minyak lebih besar

Ketua Menteri Sarawak Tan Sri Adenan Satem berkata bayaran royalti lima peratus yang diterima negeri itu dari hasil minyak dan gas sejak 39 tahun lalu tidak memadai untuk membangunkan negeri berkenaan.

"Kami tidak berpuas hati dengan lima peratus. Kami mahu royalti lebih tinggi untuk menjana pembangunan negeri bawah Rancangan Malaysia ke-12,” katanya dalam satu majlis sambutan Hari Raya di Sebuyau semalam.

Saturday, 30 August 2014

Petronas abruptly shuts secondary refining unit, say sources

Petronas is running the 100,000 barrels-per-day (bpd) Malacca refinery it jointly owns with US oil company Phillips 66 at a lower rate than usual after unexpectedly shutting a secondary unit.

The state-owned company shut a desulphuriser unit, which removes sulphur from oil products, due to a glitch, industry sources said today.

Stop Lynas from building road using rare earth waste

The Save Malaysia, Stop Lynas (SMSL) group has called on Pahang assemblymen not to allow Lynas to build a road to demonstrate the safe use of its rare earth processing waste.

SMSL chairman Tan Bun Teet said the company’s proposal to build the road was not in line with common practice.

Petronas awarded 13 major contracts for Pengerang Integrated Complex

Petronas has awarded 13 major contracts and three Letters of Award (LOA) to the successful bidders of the Pengerang Integrated Complex (PIC) project in Johor. The recipients of these awards made up of local and international contractors.

In a statement, the national oil firm said total contracts awarded included five Engineering, Procurement, Construction and Commissioning (EPCC) contracts for the Refinery and Steam Cracker (RC) component of the PIC project.

Friday, 29 August 2014

Greenpeace: Lynas tak penuhi syarat

Greenpeace hari ini mengeluarkan satu laporan yang menyatakan bahawa kilang nadir bumi, Lynas Corp tidak memenuhi syarat-syarat yang ditetapkan oleh pihak berkuasa.

Sehubungan itu, NGO tersebut menggesa supaya pihak kerajaan tidak memberikan Lesen Peringkat Operasi Penuh (FOSL) kepada syarikat perlombongan dari Australia itu.

Laporan setebal 86 muka surat yang bertajuk 'A Radioactive Ruse' itu menekankan beberapa kebimbangan yang berkaitan dengan Lynas Advanced Materials Plant (LAMP).

Petronas signs US$550 million Argentine shale deal

The Malaysian and Argentine state energy firms Petronas and YPF signed a deal Thursday to invest US$550 million (RM1.7 million) to develop shale oil in Argentina's massive Vaca Muerta fields, YPF said.

Petronas will contribute US$475 million of the total investment in the Amarga Chica block, part of a sprawling shale oil and gas find in southwest Argentina that is estimated to contain the equivalent of 27 billion barrels of oil.

Thursday, 28 August 2014

Talisman expands drilling operations in Sabah

Talisman Malaysia Limited is in the process of further developing its Kinabalu platform with plans to start the construction of a wellhead to link with the existing platform by next year.

“This is so that we can drill further production wells to maintain our production from the Kinabalu field,” said its acting country manager, Duncan Smart.

Tuesday, 26 August 2014

Shell announces gas discovery at Marjoram-1 well, Sarawak

Shell today announced another exploration success in Malaysia with the discovery of gas at its deep-water Marjoram-1 well.

"Our strategy to expand our heartland areas through technologically advanced exploration is delivering tangible success in deep-water in Malaysia,"  Shell Upstream International director Andrew Brown, was quoted as saying in a statement here.

Monday, 25 August 2014

Tanjung Offshore posts pre-tax loss of RM909,000 in Q2

Tanjung Offshore Bhd reported a pre-tax loss of RM909,000 for the second quarter ended June 30, 2014, compared with a pre-tax profit of RM6.21 million in the same period a year ago.

Revenue declined to RM34.55 million from RM81.81 million in the same quarter previously, due to completion of various engineering equipment contracts in the early part of this year, the company said in a filing to Bursa Malaysia.

Tanjung Offshore is optimistic on the prospects of the oil and gas industry in Malaysia and the region by penetrating into niche areas within the sector for growth with a wider range of products and services in the near future. – Bernama

Favelle Favco’s Q2 pre-tax profit jumps to RM36.1 million

Favelle Favco Bhd's pre-tax profit more than doubled to RM36.1 million for the second quarter ended June 30, 2014, from RM14.7 million chalked up in the corresponding quarter last year.

The industrial crane maker chalked up a higher revenue of RM248.8 million during the period under review, from RM165.7 million recorded previously, it said in a filing to Bursa Malaysia today.

"As at Aug 20, 2014, the group's outstanding order book stood at RM10.2 billion with oil and gas (O&G) cranes for offshore O&G exploration and production activities making up the majority of the contracts secured.

"Remaining contracts are from the shipyard, construction and wind turbine industry. This is an all-time high to the group," it added. – Bernama

Friday, 22 August 2014

Santos entry into the deep-water oil Sabah

Australian independent Santos said today it has made an entry into the deep-water oil play in Sabah, Malaysia.

Inpex is the operator of Block S with a 75% interest while Petronas Carigali holds the remaining 25%.

Tuesday, 19 August 2014

Bumi Armada in consortium awarded US$1.2 billion Indonesia deal

Oil field services firm Bumi Armada Bhd said on Tuesday a consortium in which a wholly-owned unit is involved had won a US$1.18 billion (RM3.7 billion) contract in Indonesia.

The consortium will supply a floating production, storage and offloading (FPSO) vessel for Madura BD Field, a site east of Surabaya owned by Husky-CNOOC Madura Ltd.

Friday, 15 August 2014

Petronas signs production sharing contract with Gabon

Petronas, via its wholly-owned subsidiary, Petronas Carigali International E&P B.V., has signed a Production Sharing Contract (PSC) for Block F14 with the Republic of Gabon.

In a statement, Petronas said the offshore block was located in southern Gabon and measures an approximate 2,500 square km surface area in water depth ranging from 2,000 metres to 3,000 metres.

Thursday, 14 August 2014

Petronas Q2 net profit up 37%

Petronas saw second quarter ended June 30, 2014, net profit jumped 38% to RM21.1 billion compared to RM15.3 billion a year earlier on higher revenue.

Petronas president and group CEO Tan Sri Shamsul Azhar Abbas said the improved performance however was partially negated by higher amortization expenses, higher impairment losses on property, plant and equipment as well as lower gain on disposal of investments and property, plant and equipment in the current.

Petronas' revenue increased 15% to RM85.4 billion from RM74.4 billion benefited from higher oil and gas production volume mainly from Iraq, South Sudan and domestic fields, higher liquefied natural gas (LNG) sales volume on the back of stronger demand from customers and higher processed gas sales volume driven by higher gas supply from the importation of LNG via the re-gasification terminal (RGT) in Melaka, coupled with favourable exchange rate.

Its upstream segment saw higher revenue of RM52.2 billion in the quarter from RM40.1 billion contributed by higher entitlement volume for all products in line with higher production.

Downstream revenue, however was down by RM1.5 billion to RM39.9 billion in the second quarter due lower crude trading and petrochemical sales volume.

Capital investments in the second quarter of 2014 totalled RM13.4 billion, compared to RM11.8 billion in the same period last year.

Thursday, 7 August 2014

Sinopec bags RM4.2 billion Petronas subsidiary contract for Pengerang's project

KNM Group Bhd, which  is a selected subcontractor to Sinopec Engineering (Group) Co., Ltd, says the latter has received a letter of award for a US$1.329bil contract.

It said on Thursday Sinopec Engineering had received the letter from PRPC Refinery and Cracker Sdn. Bhd., a subsidiary of Petroliam Nasional Bhd for an engineering, procurement, construction and commissioning contract.

The contract involves one package of an oil refining and petrochemical integrated engineering project at Pengerang, Johor.

[INFOGRAPHIC] The World's Top 10 Biggest Upcoming LNG Projects

[ Right click and choose "Open image in new tab" for bigger image ]

Wednesday, 6 August 2014

First Oil Commences at Bentara Field Offshore Sarawak

Petronas announced that Bentara field in the Balai Cluster Risk Service Contract (RSC) area located offshore Sarawak, Malaysia has achieved its first oil production May 25.

The field which is expected to produce more than 1,000 barrels of oil per day is being developed and operated by BC Petroleum Sdn Bhd.

Fugro wins MH370 search contract

Australia today awarded a contract to Dutch engineering firm Fugro to search the sea floor where missing Malaysia Airlines Flight MH370 is believed to have crashed, hoping to unlock modern
aviation’s greatest mystery.

Months of searches have failed to turn up any trace of the missing Boeing 777, which disappeared on March 8, carrying 239 passengers and crew shortly after taking off from
Kuala Lumpur bound for Beijing.

Monday, 21 July 2014

Murphy Oil's Malaysia Assets Draw Interest from Mitsubishi, ONGC

Top Japanese trading house Mitsubishi Corp has submitted a non-binding bid to buy Murphy Oil Corp's Malaysian oil and gas assets valued at about $2.5 billion, a person familiar with the matter told Reuters.

India's state-owned Oil & Natural Gas Corp and Oil India Ltd are among the other suitors preparing to submit bids for the Murphy assets, separate sources with direct knowledge of the process said.