[attachmentid=4288924]

So looking at the above screen shot. Earning pershare for Shell have been negative since 2011. Hence can we conclude Shell Malaysia group has not been making money since 2011?? As you can see 2014 was the most negative year for their EPS since the 2008 crisis.

I am curious to know:

a) Why even with favorable oil price last few years Shell Malaysia been losing money?
b) Why wait until now to shed jobs? Shouldn't they restructure much earlier to be more resilient at lower oil price?
c) What is the rational of keeping up money spending activities offshore in the face of negative earnings the last few years? (I know their activities offshore)
Thanks
Bin

Typically SSB & SSPC and other PSC's operator in Malaysia will sell their crude oil via PETCO, according to the PSC agreement.

Shell PD refinery processing heavy crude if not mistaken.

All Malaysian crude are sweet type & exported to overseas (at premium price), we never consume our own crude, except PP(T)SB refinery which process Tapis crude.

Yup we do consume our own crude via PPTAB refinery but very minimal, distribution only covering East Coast area.

Does anyone know if Rosen involves in other business/services aside from pipeline inspection?

Is this company good?

To all the sifus out there.. can anyone please recommend a literature for line sizing calculation for gas flow/liqud flow and mix flow (including pressure drop calculation)?

Hi guys.

I would like to seek for advise. Currently Im working as mechanical eng. with one of the top oil operator company in malaysia. I got a degree in mechanical eng.

I plan to further my study (part-time) in master petroleum engineering. But still confuse whether it will benefits me or not since I already in this 0il&gas industry and already in a good company. Would it be a wise choice for me to go with all the troubles to continue my study part-time? I mean it would be a challenge right to work during weekdays, class during weekend. But if its really beneficial for my career path, in term of career promotion by having a master's degree, I think I would take up the challenge. Can somebody confirm and advise?

Oh, btw I'm 26y and jz got married. And I'm in the process of making the Ir. title as well. So it would be a great by 28y old to have Ir. and master's degree.

Kindly advise and share your thoughts.

Thank you.

Kerja liao today... OT... Sobs...

Which project? RAPID Pengerang? MARLIN?

Ayam with Lemongrass liao

I see. Ahaa Warga Hikmat I heard that before. Havent deal with PEC before but coming soon I guess hope they wont give much headache to me...

Really, I generally thought that companies only emphasize on years of working experience we have, and our ability in handling various projects, before promoting us to higher position. For Ir. title, it may be important, as having several professional engineers may enhance the CV of personnel submitted for the award of a project. Plus, the AFC drawing may need Ir. stamp to be valid.

Master degree? I do not think that companies would value on-paper knowledge, citing that these theoretical knowledge is too idealistic to be applied in real life offshore challenges.  Thus, for companies, the Master degrees is not important, unless the research topic for Master degree is really relevant to company's area of interest.

Oil and gas experts, feel free to correct me, if I am wrong.  I am more than willing to learn from you all, and this has been a useful forum thread for all.