oic...KKB I've heard before. oh shit.. this is one inexperienced fabricator we have to stay far far away from. 

does OceanMight have PETRONAS fabrication license? or it rides on KKB's license?

the project management is the one that's a concern. they can hire the bestest people in the industry, but if the company sucks at PM, fabrication project will suffer.

once bitten, twice shy. 

B.C. risks scaring away LNG investors: Petronas CEO
A second wave of investors has already ‘shied away’ from Australia
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    B.C.'s LNG 'opportunity is somewhat limited': expert
    Petronas CEO warns BC against 'unrealistic expectations' on LNG

Tags: Christy Clark, air pollution, China, Asia, KPMG, New York Times, coal, natural gas
[ | The head of Malaysian energy company Petronas has taken oblique aim at B.C.’s proposed LNG tax]
The head of Malaysian energy company Petronas has taken oblique aim at B.C.’s proposed LNG tax
Nelson Bennett
Tue May 27, 2014 12:01am PST

Even if B.C.'s aspirations to become a major liquefied natural gas player fizzle – a distinct possibility, the B.C. government was warned at last week's LNG conference – simply promoting the LNG industry has already resulted in billions of dollars being invested here.

Progress Energy Canada Ltd., for example, now a subsidiary of Petronas, has already spent $2 billion in B.C. and is expected to have 25 to 30 rigs drilling for gas this summer, according to Petronas CEO Tan Sri Dato' Shamsul Azhar Abbas – one of the keynote speakers at last week's conference.

That's a fraction of what the Malaysian energy giant would end up spending on its Pacific Northwest LNG project in Prince Rupert, which would cost $11 billion to build and would have a total capital expenditure of $36 billion over its lifetime. It is considered the front-runner of three large LNG proposals.

But Abbas warned against “unrealistic expectations.” He pointed to Australia as an example of what can happen when costs start exceeding profits.

Australia already has three LNG plants in operation and seven more under construction. According to a KPMG analysis released last week, skills shortages have driven costs of building Australian plants up by 50%, and regulatory burdens have also added costs. In fact, 10 of the last 12 LNG projects worldwide went over budget 40% to 50% or were not built on time, KPMG concludes.

A second wave of investors has “shied away” from Australia's LNG industry, Abbas said, and he warned the same could happen in B.C., if the government is not careful with its regulatory framework.

“This is a once-in-a-lifetime opportunity for B.C.,” Abbas said. “We must be careful to not squander it away by banking on unrealistic expectations and misconceptions.”

His comments appear to have been aimed at B.C.'s LNG tax, which would tax LNG net income up to 7%.

Abbas said his company has major offtake customers ready to sign long-term contracts, and that his company plans to make a final investment decision before the end of this year. But he warned there is a limit to what Asian customers will pay.

“LNG, though vital to their economies, doesn't come at all costs,” he said.

Last week's conference started on the day news broke that Russia had struck a $400 billion, 30-year deal to supply China with 38 billion tonnes of natural gas annually with a new pipeline from Siberia. That's equivalent to the total output of three LNG plants, according to industry officials at last week's conference.

According to the New York Times, 38 billion tonnes represents about 15% of China's current demand – demand which is expected to grow significantly as China switches from coal to gas to generate power and cut air pollution.

“There's still lots and lots of space for British Columbia in the Chinese market,” Premier Christy Clark said.

Published May 23, 2014
Firm sues Johor govt, Petronas over land acquisition
By
s jayasankaran
In Kuala Lumpur
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A UNIT of gaming, property and plantation conglomerate MPHB - the former Multi-Purpose Group - has filed a suit against the Johor government and Malaysia's national oil company Petronas claiming that the defendants had "illegally acquired" 2,841 acres of its oil palm land in Pengerang, Johor as part of the development of the oil firm's Refinery and Petrochemical Integrated Development (Rapid) project.

In a May 9 writ lodged with Johor's High Court, MPHB unit Kelana Megah Development alleged that the defendants had "illegally, and unconstitutionally and dishonestly" acquired seven plots of Kelana's land in October 2013.

Kelana asked the court for an order revoking the acquisition, getting back the land and relief through unspecified, specific and general damages.

The suit, even if successful, is unlikely to derail the development of Rapid which is an integral part of Prime Minister Najib Razak's Economic Transformation Programme. Indeed, the palm trees that used to form part of a profitable oil palm plantation have been cut down as preliminary clearing has begun. But, that a listed firm saw fit to take up cudgels against a state government and Malaysia's largest and richest corporation underscores its significance.

Petronas Says Canada Must Avoid Australia Mistakes in LNG Policy
By Christopher Donville May 21, 2014

British Columbia must avoid Australia’s policy missteps if it wants to establish itself as a source of liquefied natural gas for Asia, said Petroliam Nasional Bhd. Chief Executive Officer Shamsul Azhar Abbas.

“There are pivotal lessons to be learned from the Australian experience,” Shamsul said yesterday at a Vancouver conference on the development of an LNG industry in the Canadian province. “Let’s not slaughter the goose before it has a chance to hatch the golden egg.”

Petronas, as Malaysia’s state oil and gas company is known, is among global energy producers vying to build gas-shipping terminals on Canada’s Pacific Coast to meet rising demand for the fuel in Asia.

Chevron Corp. (CVX:US) and BG Group Plc are among energy companies that have been hit by cost overruns at their Australian LNG projects. Australia has about A$200 billion ($185 billion) in LNG ventures under construction, putting the country on course to surpass Qatar as the world’s biggest supplier of the fuel. Still, some A$180 billion of potential investment is under threat due to high costs and increasing competition, according to the Australian Petroleum Production & Exploration Association, an industry lobby group.

Australia introduced “severe fiscal and regulatory policies” that added to the cost of doing business and negatively affected project economics there, Shamsul said.

“As a result, the anticipated second wave of investors shied away, and even current investors are scrutinizing project viability,” he said.
Planned Royalties

British Columbia, which predicts LNG activity could add as much as C$1 trillion ($916 billion) of gross domestic product by 2046, has set a goal of having three LNG projects in operation by 2020.

The provincial government is trying to erase its debt with royalties and fees it plans to charge the LNG industry. The province introduced details of its tax in February and is scheduled to seek approval from the legislature in the fall.

Petronas, which plans to make a final investment decision on its British Columbia project by the end of this year, also is in talks to sell as much as 12 percent of the facility, Shamsul said May 14. The company reduced its ownership to 62 percent after selling stakes to companies from China, India, Brunei and Japan.

There are 17 coastal LNG proposals in Canada to process a total of at least 28 billion cubic feet of gas a day, consultants Bentek Energy LLC estimated last month. Among Canadian proposals by companies including Royal Dutch Shell Plc (RDSA), Chevron and Petronas, no final decisions have been made. LNG exports from British Columbia will reach 1.8 billion cubic feet a day by 2020, according to Bentek.
‘Leaders Change’

The Pacific Northwest LNG project by Petronas and Shell-led LNG Canada appear to be in the lead in the export contest in Canada, according to a report yesterday by AltaCorp Capital Inc. in Calgary.

“Like many races, the leaders change, and in the case of LNG terminals, there is more than one jockey on each horse, and there will be project mergers down the road,” according to the AltaCorp report.

In addition to securing buyers for decades worth of supply required to backstop financing of the Pacific Coast projects, proponents of Canadian LNG projects need to negotiate access to coastal lands claimed by aboriginal groups, known as First Nations in Canada.

“The negotiation of terms for long-term Canadian gas supply contracts, and clarity around BC’s LNG Tax framework are two variables that we think will be key to determining which projects move forward to completion, and on what timeframe,” Katherine Spector and Mike Tran of Canadian Imperial Bank of Commerce’s commodities research division in New York, said in a May 20 note.

To contact the reporter on this story: Christopher Donville in Vancouver at cjdonville@bloomberg.net

To contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net Steven Frank, Andrew Hobbs

Halim Saad to build US$700mil methanol plant in Kazakhstan


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ASTANA (KAZAKHSTAN): Tan Sri Halim Saad, through his wholly-owned Markmore Sdn Bhd, has signed a framework agreement with the Administration of the Mangystau Province in Kazakhstan to build a US$700 million methanol plant in Kuryk.

The signing of the agreement with the Governor of Mangystau Province, Aidarbayev Alik Serkovich, was witnessed by Malaysian Prime Minister Datuk Seri Najib Razak and Kazakhstan Prime Minister Karim Massimov at the latter's office here on Friday.

At the same event, two other Malaysian companies also signed memorandums of understanding (MoUs) with their respective Kazakhstan counterparts in the presence of Najib and Massimov.

Kenmakmur Holdings Sdn Bhd signed a framework agreement with the Administration of the Mangystau Province to develop a US$100 million natural gas liquid extraction plant (NGL Plant) in Kuryk.

The other company, Agrostan Farms Sdn Bhd, signed an MoU with the Administration of the Zhambyl region to develop an animal husbandry with the objective of introducing at least 500 cattle rearing farms of internationaol standards in the region.

The three projects, to be undertaken by the Malaysian companies, are worth  US$1.1 billion in total investments.

Halim said the methanol plant, targeted for completion by 2017, was a key part of monetising the large gas reserves in the Rakushechnoye Field, which is owned by the Markmore Group, through its wholly-owned Kazakhstan subsidiary, CaspiOilGas LLP.

The gas reserve at the oil field is currently estimated at 535 billion cubic feet.

"We have exhausted all options for the gas monetistion, and we find that methanol production is the most viable option for us. Being the base chemical for a wide variety of products and applications, methanol is one of the top five chemicals traded globally by volume and it has a strong demand growth.

"The market can be reached easily through the vast railway network spanning the former Soviet Union countries," he said.

Oil production from the Rakushechnoye oil field is expected to reach more than 2,000 barrels per day by December this year and will triple in two years.

Meanwhile, Kenmakmur's NLG plant, expected to be completed within two years, will process natural gas from the Rakushechnoye oil field.

It will extract liquefied natural gas and naphtha from the gas before sending the lean gas as feedstock to a methanol plant currently being developed by the Markmore Group.

The plant will have a processing capacity of 100 million standard cubic feet of natural gas per day. Gas production is expected to start in 2017 as the oil production increases beyond 6,000 barrels per day.

Kenmakmur Executive Director James Chan said the large gas reserves in Rakushechnoye could bring a lot of value to Sumatec Resources Bhd, which is operating the oil field.

Chan said at present the gas reserves were only from the northern part of the field, representing only 10 per cent of the total area, and there was potential for the southern part to have much higher oil and gas reserves.

Agrostan Farms was represented by its Director Tunku Datuk Ya'acob Tunku Tan Sri Abdullah at the signing.

The livestock farms breeding project for beef production is also intended to improve the genetic potential of cattle to international standards.

Deputy Chief Executive Officer of the Malaysia External Trade Development Corporation Datuk Dzulkifli Mahmud said the signing of the MoUs paved the way for more synergy and collaboration between business enterprises from the two countries.

Malaysian companies, he said could use Kazakhstan as an entry into the Central Asia region.

The Eurasian Economic Union (EEU) which comprise Russia, Belarus and Kazakhstan with a combined population of 170 million people, is an attractive market for Malaysian companies to explore.

The combined Gross Domestic Product of these countries is about US$2.2 trillion.

Dzulkifli said Kazakhstan companies looked forward for latest technologies in building and construction, oil and gas, franchise, education and professional consultancy services.

MATRADE, he said, would open an office in Almaty, the former capital of Kazakhstan, in the third quarter of the year.-- BERNAMA

Read more: Halim Saad to build US$700mil methanol plant in Kazakhstan - Latest - New Straits Times http://www.nst.com.my/latest/halim-saad-to...r#ixzz336If9ikY

Murphy Oil Extends Charter for Perdana Petroleum's AHTS Vessel off Malaysia
by  Rigzone Staff
|
Thursday, May 22, 2014
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Malaysia's offshore marine services provider to the upstream oil and gas industry Perdana Petroleum Berhad (PPB)  reported Wednesday that its subsidiary Perdana Nautika Sdn Bhd (PNSB) has secured an extension to its contract to supply an anchor hadling tug supply (AHTS) vessel to support Murphy Sabah/Sarawak Oil Co. Ltd.'s 2012/2014 Shallow Water Drilling Program offshore East Malaysia.

The extended charter, worth $9.4 million (MYR 30 million), will commence from June 27 to June 26, 2015, PPB said in an announcement on local stock exchange Bursa Malaysia.

Murphy had originally chartered the AHTS vessel June 28, 2012 from PNSB on a two year contract for $27 million (MYR 86 million) to work on the same drilling program.

Aqualis Offshore secures Asian contracts

Aqualis ASA has won several new construction supervision, transportation and installation, and marine warranty contracts in Asia. Total contract value is approximately US$ 11 million.
Comments

“We have set up offices in nine countries, including Singapore and China, in less than 12 months. Our regional Asian hubs are being well supported by our engineering and marine resources from our global office network around the world. This latest batch of prestigious contracts confirm that our cost-effective ‘local presence – global support’ strategy works for our customers,” commented Phil Lenox, Regional Director – Singapore.
Singapore

Aqualis Offshore in Singapore has been awarded several construction monitoring projects for jack-up rigs, including one for a KFELS B Class jack-up for Parden Holding S.R.L. at the Keppel FELS yard in Singapore. Aqualis Offshore will also monitor the building of 2+2 JU2000E design jack-ups at the ZPMC shipyard in Nantong, China, for Lovanda Offshore Ltd and Lovansing Offshore Ltd, respectively.
Malaysia

The company has also secured recent and new awards for transportation and installation projects for Malaysia Marine & Heavy Engineering, where Aqualis Offshore have been retained as consultants for the loadout and successful floatover installation of the Tapis topside as well as for the forthcoming KBB topside loadout. The company has also secured a deal to provide similar consultancy services for Lundin Malaysia.
China

Within marine warranty services, Aqualis Offshore has secured a contract for the re-installation of the Newfield 'LF7-2' topside floatover offshore China.
Australia

Finally, within marine operations, the company has secured an award for assisting with the positioning of the Inpex Ichthys central processing facility offshore Australia, on behalf of POSH Terasea for Samsung Heavy Industries.

Adapted from press release by Katie Woodward

Published on 23/05/2014

M3nergy assured of landing projects: Musa

Published on: Tuesday, May 27, 2014

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Kota Kinabalu: Chief Minister Datuk Seri Musa Aman wants the private and public sectors to collaborate closely to boost the growth of the oil and gas downstream industries in Sabah.

The State Government, on its part, is committed to providing the required infrastructure and encouraging the training of locals to increase capacities and skills, he said.

"I must stress the importance of the downstream sector, and the need to create innovative products to sustain this part of operations.

I am a firm believer that Sabah has what it takes to be an important and effective player in the downstream processing of oil and gas products, despite some challenges that we face," he said.

"New developments in technology, existing deepwater exploration facilities, improved knowledge and skills among locals and a government that is supportive of the sector are some of the drivers that can turn Sabah into a state that is known for downstream oil and gas products," he added.

Musa, who is also State Finance Minister, said this when officiating at the opening of the Third Sabah Oil and Gas Conference and Exhibition themed "Opportunities and Growth" at the Magellan Sutera here Monday.

His speech was read by State Deputy Chief Minister cum Industrial Development Minister Datuk Raymond Tan.

Apart from that, Musa said there is also a need for local companies to seek joint ventures or collaborations with established entities to play a more effective role in the oil and gas sector.

"At the same time, it is our hope that local ventures will be given a chance to participate on a level playing field in order for Sabah to truly benefit from our foray into oil and gas," he said.

He said Sabah Development Bank (SDB) has acquired exploration and production company M3nergy in its bid to venture into oil and gas and he was pleased to note that the Federal Government has assured Petronas will give M3nergy an equal opportunity to bid for oil and gas projects.

"Sabah is committed to driving forward opportunities and growth in the oil and gas sector, and this is consistent with the theme of the event.

Over the past few years, we have seen significant development in the industry, acting as a catalyst for Sabah's economic growth," he said.

He said the spin-offs for supporting services are not limited to logistics and that the creation of new and enhanced townships in areas close to where oil and gas development takes place helps provide better infrastructure and facilities to locals.

Currently, Petronas is taking the lead in investing in oil and gas fields, apart from downstream projects.

"These include the Sabah Oil and Gas Terminal in Kimanis, Sabah-Sarawak Gas Pipeline, Kimanis Power Plant, Sabah Ammonia and Urea Plant in Sipitang and the Liquefied Natural Gas Regasification Terminal to supply gas to the Lahad Datu Power Plant," said Musa, acknowledging other players in the oil and gas sector for their consistent effort, hoping they would continue to act as important partners for Sabah's progress.

The oil, gas and energy industry is listed as a National Key Economic Area (NKEA), with emphasis on building Malaysia's services and manufacturing sector while retaining incentives to ensure constant production levels.

Entry Point Projects (EPPs) for this NKEA have been developed across four themes to raise the sector's output and to meet energy demands.

These themes include sustaining oil and gas production, enhancing the growth of the downstream sector, turning Malaysia into the number one Asian hub for oil field services and building a sustainable energy platform for growth.

The Malaysian External Trade Development Corporation (Matrade), with the progress of the industry, local companies have become prominent service providers in the areas of exploration and production operators, and are also able to provide services and products to meet global demands.

Malaysian companies have the expertise to provide multi-disciplinary services including oilrig engineering and fabrication, and environmental management which covers total sludge management.

ye meh. Aku igt kat labuan jer..
wehh..still food poisoning ka? 

Graduate Mechanical Engineer
Germanischer Lloyd GLM Sdn Bhd
Kuala Lumpur

Responsibilities:
Candidate must possess at least a Bachelor's Degree, Professional Degree, Engineering (Mechanical) or equivalent.
Fresh graduates/Entry level applicants are encouraged to apply.
3 positions available.
Excellent interpersonal, communication and writing skills.
Team player and able to work efficiently in a multicultural environment.
Knowledge in AutoCAD will be an advantage.

http://m.jobstreet.com/malaysia/job-detail.php?gjid=13360570