Wasco begins CWC for Nord Stream 2 pipes

Wasco Coating has started work on the concrete weight coating of the Nord Stream 2 pipes. The pipes will be part of the Nord Stream 2 pipeline, which carry Russian gas through the Baltic Sea to the EU.

Concrete weight coating done by Wasco will add stability of the pipeline on the seabed. Wasco is conducting the work in its plant in Kotka, Finland, where the pipe coating and logistics operations will employ 300 persons during peak production.

The Nord Stream 2 company, a said on Friday that almost half of the 200,000 pipes needed for the entire project would be concrete weight coated in Wasco’s plant in the Port of HaminaKotka.

Petronas selecting partner, not buyer for SK316 gas field

Petronas is in the process of selecting a partner to co-develop its SK316 gas field in Sarawak and not wanting to sell it as reported by some media, said its president and chief executive officer Datuk Wan Zulkiflee Wan Ariffin.

“SK316 exercise is to find partners that have the technology to develop and do more explorations in that block and now we are the process of selecting our partner,” he said in clarifying reports that Petronas was considering selling its stake in the SK316 offshore gas block.

SK316 involves very high sour gas and very high carbon dioxide content which are of high risk, thus, requiring high technology to develop the field.

Reuters in a recent report said that Petronas was considering selling up to 49% stake in the SK316 offshore gas block for up to US$1bil (RM4.41bil) in a move to raise cash and cut development costs.

US crude futures finish below $50

Oil prices tumbled more than 2% on Friday, notching the biggest weekly decline in more than a month on mounting evidence that US production and inventory growth were offsetting Opec's attempts to reduce the global crude glut.

Brent futures settled at $51.96 a barrel, down $1.03, or 2% at the market's close. US crude futures ended at $49.62 a barrel, down 2.2%, or $1.09.

Volumes were heavy, with more than 665,000 WTI futures changing hands, surpassing the daily average of 525,000 contracts.

For the week, Brent fell 7%, while US crude lost 6.7%. It was the largest percentage drop for both benchmarks since the week of 10 March, when rising concern about the supply glut undermined big bets on an oil rally.

KBR to provide engineering and construction management services to Chevron Indonesia

KBR has been awarded a five-year contract by PT Chevron Pacific Indonesia for engineering, project and construction management services for Chevron's operating fields in Sumatra, Indonesia.

A consortium formed between KBR and its Indonesian partner, PT Singgar Mulia Engineering Consultants, will be responsible for executing the contract.

The project scope of KBR includes project and portfolio management, engineering design and construction management for Chevron's hydrocarbon production surface facilities at the Minas, Duri and Dumai fields in Sumatra, Indonesia.

The consortium will provide in-country services to manage daily operational activities for Chevron's production facilities such as providing local and global personnel, tools and procedures, best work practices and processes, as well as establishing and maintaining infrastructure and providing health, environment and safety training to the workforce.

As part of the contract, the consortium will impart training to help the local work community develop essential skills for current and future employees on these projects.

Petronas catat keuntungan lebih rendah bagi 2016

Petronas mencatatkan keuntungan sebelum cukai sebanyak RM33.7 bilion pada tahun kewangan berakhir 31 Dis, 2016, susut lapan peratus berbanding RM36.7 bilion yang dicatatkan pada 2015.

Perolehan kumpulan bagi tahun tersebut merosot 17 peratus kepada RM204.9 bilion berbanding RM247.7 bilion yang dicatatkan pada 2015, kata Presiden dan Ketua Pegawai Eksekutif Kumpulan Datuk Wan Zulkiflee Wan Ariffin.

Penurunan itu mencerminkan harga purata yang rendah sejajar dengan trend penurunan harga penanda aras utama (Dated Brent dan Japan Customs Cleared Crude) selain kesan daripada jumlah jualan yang rendah.

Sementara itu, keuntungan kumpulan selepas cukai bagi 2016 sebanyak RM23.5 bilion, naik 12 peratus berbanding RM20.9 bilion dicatatkan pada 2015.

Ini disebabkan perbelanjaan operasi dan perbelanjaan cukai yang rendah sebahagiannya diimbangi oleh harga purata yang rendah.

New Atomic Energy Bill expected to improve safety measures

The Atomic Energy Licensing Board (AELB) hopes that the Atomic Energy Bill that will be replacing the Atomic Energy Licensing Act 1984 (Act 304) could be finalised this year.

The Bill would have a better scope for radiation safety, security of radioactive and nuclear materials as well as safeguard nuclear materials mainly for industrial use.

AELB chief director Hamrah Mohd Ali said they have been doing research on the amendment since 2011 after taking into account several factors, including atomic energy control as well as safety aspects for workers who are dealing with it, both public and environmental.

He said AELB had previously conducted a comprehensive and detailed legislative research for the amendments before submitting it to the Attorney General (AG) for further action and finalisation.

“As the act (Act 304) has been used for the past 35 years, it is timely for us to make amendments in line with the current developments and International standards on this.

“For this matter, we have also discussed with our stakeholders before sending in the drafts to the AG,” he said.

ARAMCO Inspectors

Currently recruiting the following positions. (Send CV by email to
gbmcmenemy@oceaneering.com

1) ARAMCO Approved NDT Technicians (UT/RTFI/MT)
2) ARAMCO Approved level 2 Coating Inspectors
3) ARAMCO Approved PAUT / ToFD Inspectors
4) ARAMCO Approved QC Welding Inspectors

HSE Inspectors (offshore Sarawak)

Good Day,

I'm looking for 4 HSE Inspectors to be based at offshore Sarawak. Contract
until end May. Looking for candidates that are available immediately.

Min requirements: 10 years experience in HSE, prefer from pipelay & barge or
offshore. Valid DOSH SHO greenbook, BOSIET, offshore medical fitness
certificate issued by Petronas AME.

For interested candidates, send updated cv to syakila.amaluddin@fircroft.com

Due date: 17th Feb 17 (Friday)

Pls share with your contacts, thank you

PETRONAS GETS TWO NEW DIRECTORS

Former Securities Commission Malaysia chairman Tan Sri Zarinah Anwar and Maybank Investment Bank Bhd (Maybank IB) managing director and co-head of client coverage Datuk Sharifah Sofianny Syed Hussain have joined Petroliam Nasional Bhd's (Petronas) board of directors effective Aug 17 and Oct 1 respectively.

In a statement yesterday, Petronas said Zarinah currently chairs the Malaysia Venture Capital Development Council and is a member of the Performance Management & Delivery Unit's board of trustees. She brings with her a wealth of experience and leadership positions in other financial institutions.

SHELL MALAYSIA TO AXE 1,300 JOBS OVER TWO YEARS

Oil and gas company Shell Malaysia announced on Tuesday a re-organisation of its upstream division, which will see a reduction of 1,300 jobs over the next two years.

Shell Malaysia, a unit of Royal Dutch Shell PLC, said in a statement the programme aims to improve efficiency and removing complexity to become a more agile and competitive company. It has a total workforce of about 6,500 staff.

Below is the full statement issued on Tuesday:

Shell Malaysia transforms upstream division to improve efficiency and competitiveness
29/09/2015