Abgkik is an expert in Naval Architect kind of stuff... Sifuuu...

Are you abang sado?

This post has been edited by mohdyakup: Feb 5 2015, 07:49 PM

Aduyai upstream E&P and project development memang slow gila sekarang. Hope the oil price will picking up again in two years time... Aku nak jump lagi...

This post has been edited by mohdyakup: Feb 5 2015, 11:50 PM

This thread is about to reach 100th page soon, and I am about to pass the torch to the next thread starter. Bro mhyug can you be the next TS? Aku lepas nih akan busy gila and will not have time to monitor the next thread...

This post has been edited by mohdyakup: Feb 5 2015, 11:49 PM

You need to deal with ALTCO (Asian LNG Trading Co. Sdn Bhd) because you cannot deal directly with MLNG for any SPA pertaining to LNG. ALTCO is a LNG trading arm on behalf of Petronas, and a wholly-owned subsidiary of Petronas too. Myself is an ex-MLNG staff last time, and sorry I cannot help you much because some of the staffs that I know in ALTCO already resigned and joining Qatar LNG. Banyak orang baru in ALTCO so I didnt know them much.

You can refer to Petronas official website to have the contact of ALTCO.

Contract details on SPA is a confidential information between MLNG/ALTCO and customer or PSC's offshore gas supplier (JX Nippon, Shell, Murphy, SKE, ROC, PCSB, KPOC, Total) to MLNG. I dont think you will get those kind of information.

bro gua suggest lu jadi next TS boleh?

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

Takpe... OT rate kinda

Bart wanna join me? Am looking for another SCA. Check your inbox.

ABB wins contract worth more than US$50 million for FLNG facilities

Posted on February 7, 2015, Saturday





KUCHING: ABB has won a contract worth more than US$50 million to supply the electrical system for one of the world’s first commercial floating liquefied natural gas (FLNG) facilities, with the second to be owned by Malaysia’s Petroliam Nasional Bhd (Petronas).

According to a press statement, the contract was awarded in the fourth quarter of 2014 by Japanese engineering contractor JGC Corporation. JGC is part of a consortium that is building the facility for Petronas, along with Samsung Heavy Industries of Korea.

Under the terms of the contract, ABB will support the optimization of the facility’s electrical side by designing, manufacturing and supplying transformers, switchboards, motor-control centers and power management system.

In addition, ABB will also manage the installation of the equipment and ensure the electrical supply is integrated with systems it is powering.

“ABB is delighted to be selected by JGC for this pioneering project,” said Peter Terwiesch, president of ABB’s Process Automation Division.

“FLNG is a market with great potential and we are well placed to deliver to it with our vast experience in floating production, our extensive manufacturing base and innovative solutions in offshore oil and gas.

“Our fully engineered electrical system solution incorporates the latest technologies adapted to the offshore environment; it is a safe solution that ensures reliable electricity throughout the plant for the PFLNG2 to meet its demanding performance requirements,” he added.

FLNGs have long been considered an attractive concept, and a recent report by Douglas-Westwood estimated the market to be worth US$64 billion between now and 2020.

The agility of FLNGs allows oil and gas companies to exploit fields that would otherwise be uneconomical, and their environmental impact is minimal compared with conventional production platforms and pipelines.

The PFLNG2 will be built at Samsung Heavy Industries’ yard in Geoje, Korea in 2015.

When operations start in 2018, the facility will be moored over the deepwater Rotan gas field located off Malaysia. It is designed to produce 1.5 million tons of LNG annually for at least 20 years before it requires a dry dock.

FLNG plants resemble container ships, but are fitted with all necessary equipment to receive, liquefy and store natural gas extracted from offshore fields. The FLNG plant transfers LNG at sea to carriers that deliver it directly to the markets.


Read more: http://www.theborneopost.com/2015/02/07/ab.../#ixzz3R2kdm7Y3

MISC shares rise as group posts higher turnover, earnings for FY14

by Adrian Lim, adrianlim@theborneopost.com. Posted on February 7, 2015, Saturday





KUCHING: MISC Bhd (MISC) saw its shares rising yesterday as it registered higher turnover and earnings for financial year 2014 (FY14).

It rose four sen or 0.52 per cent to RM7.74 per share at closing yesterday, with 4.29 million shares traded.

The company in a filing to Bursa Malaysia yesterday said its FY14 turnover increased 3.6 per cent year-on-year (y-o-y) to RM9.29 billion while earnings for FY14 grew 5.7 per cent y-o-y to RM2.2 billion.

At the same time, MISC said its revenue for fourth quarter of 2014 (4Q14) gained 6.8 per cent y-o-y to RM2.29 billion.

However, the company noted its net profit for 4Q14 decreased 11.4 per cent y-o-y to RM959 million.

In its notes accompanying the release of its financial results for 4Q14 and FY14, MISC attributed the higher revenue in 4Q14 due to improved freight rates in petroleum business and the commencement of finance lease of floating production storage and offloading (FPSO) Cendor in the reporting quarter.

However, the company noted its chemical business recorded lower revenue from a smaller fleet of operating vessels while different phases of project construction has caused a decline in its heavy engineering revenue in 4Q14.

For FY14, MISC said improved freight rates in petroleum business, the commencement of finance lease of FPSO Cendor and higher earning days in liquefied natural gas (LNG) business contributed to the increase in the group’s revenue.

Going forward in 2015, MISC said,”The financial performance for the group in 2015 will continue to be underpinned by secured recurring income from a portfolio of long term contracts in the LNG shipping and offshore business segments.

“Despite the severe drop in global oil prices in the past few months, the petroleum shipping segment has found strength from sustained global oil production.

“Barring any material cut backs in global oil production, the recent strength in the petroleum shipping could be sustained for the year,” the company said.

Nonetheless, the company said market conditions for chemical shipping is expected to be relatively unchanged compared to 2014.

However,it believed that it will be a challenging year for the oil and gas services segment such as fabrication and construction, given the reduction in capital and operating expenditures by major oil companies in a low oil price environment.

MISC expects the group’s heavy engineering business will draw on its present orderbook to sustain its profitability during the year.


Read more: http://www.theborneopost.com/2015/02/07/mi.../#ixzz3R2kry4bh

Are you Chinese? Don't limit yourself to interact within your racial communities only, O&G fabrication project are diverse personnel from different places.

‘Big Oil’ cuts US$20 billion in five hours to preserve dividends

Posted on January 31, 2015, Saturday





ROYAL Dutch Shell Plc will cut US$15 billion of investment over the next three years as the crash in oil prices saw fourth-quarter profit miss forecasts.

Shell, the first of the world’s largest oil companies to report earnings following the slump in crude to a five-year low, will defer or cancel about 40 projects worldwide, chief executive officer Ben van Beurden said yesterday.

Exploration will also be curtailed.

“We see pressure on our investment program,” van Beurden said on Bloomberg TV.

“It’s a game of being prudent but at the same time not overreacting.”

Profit excluding one-time items and inventory changes was US$3.3 billion in the quarter, up from US$2.9 billion a year earlier, Shell said yesterday.

That missed the US$4.1 billion average of 13 analyst estimates compiled by Bloomberg.

Shell shares dropped 4.3 per cent to 2,060 pence at the close in London, the biggest decline since Oct 31, 2013.

The global industry is scurrying to respond as oil below US$50 a barrel guts cash flows.

Occidental Petroleum Corp and ConocoPhilips also announced lower spending today.

BP Plc has frozen wages and Chevron Corp delayed its 2015 drilling budget. By cutting investment, companies aim to protect returns to investors.

Iconic Item Shell, based in The Hague, will pay an unchanged quarterly dividend of 47 cents a share and repeat the same payment in the first quarter and possibly for the rest of the year.

The yield stands at 5.7 per cent.

The payout is an “iconic item at Shell, I will do everything to protect it,” the CEO said in the television interview.

In addition to the US$15 billion of cuts in planned spending over three years, Shell warned there could be more to come should crude prices remain relatively low.

“I don’t want to get into a panic, slash and burn response that we will later regret,” he said at a press conference.

Fourth-quarter oil and natural-gas production fell one per cent to 3.213 million barrels of oil equivalent a day due to the loss of a license in Abu Dhabi and security issues in Nigeria.

Refining Results A fall in earnings from the upstream part of the business, pumping oil and gas, was offset by better results in refining and chemicals.

Shell, which was forced to issue a profit warning a year ago, is expected to be the only large oil company to report a gain in fourth-quarter profit.

“Shell widely missed expectations in upstream, particularly in the Americas, but performed well in downstream – a key cushion for integrated oil companies in a declining crude price environment,” said Kim Fustier, an analyst at Edison Investment Research.

Shell missing expectations by about 20 per cent “doesn’t bode well for competitors.”

ConocoPhillips, the third-largest US energy producer, reported its first quarterly loss since 2008 and has announced spending cuts.

Exxon Mobil Corp, the world’s largest oil company by market value, reports earnings on Monday.

Shell accelerated asset sales and cut spending even before the slump in oil prices.

The Anglo-Dutch company axed a US$6.5 billion petrochemicals plant in Qatar this month and said it’s selling a stake in an oil-producing project offshore Brazil amid declining output and higher costs to extract the crude.

Asset Sales Asset sales could slow in 2015 in part because potential buyers may have trouble getting funding amid the crude slump, Chief Financial Officer Simon Henry said.

“There is no fire sale,” he told reporters.

Average Brent crude prices in the quarter fell 30 percent from a year before to US$77 a barrel.

This month the benchmark extended its decline, touching US$45.19 a barrel on Jan 15.

While declining to speculate about where crude prices are headed, van Beurden warned that canceling or delaying too many projects could risk putting in jeopardy supply over the longer term.

Shell’s like-for-like capital spending will be lower than last year, according to today’s statement.

That number, which doesn’t include acquisitions, was US$35 billion last year and US$38 billion in 2013.

Shell has slowed deepwater projects and will be considering whether to push ahead with chemical plants in Pennsylvania and China, Majnoon in Iraq and LNG projects in Canada and Australia, van Beurden said.

It may exit some unconventional projects.

Spending on exploration will be held steady this year at around US$4 billion, a budget that includes an increase in Alaska and a drop in conventional exploration outside of the US to less than US$3 billion, Henry said.

This has already meant deferring drilling plans in the Gulf of Mexico, offshore China and Malaysia.

‘Hard choices’ A year ago, when oil prices were above US$100, Van Beurden pledged to make “hard choices” on new projects, sell US$15 billion in assets over 2014-2015 and slow investment growth.

More than 30,000 dismissals have been announced across the oil industry as companies shrink budgets, according to a tally by Bloomberg News.

Exploration and production spending will fall by more than US$116 billion, or 17 per cent, on weaker oil revenues, according to an estimate from Cowen & Co. — Bloomberg


Read more: http://www.theborneopost.com/2015/01/31/bi.../#ixzz3R2yBf700

I am no longer with Petrofac.

Which project? RAPID Pengerang? MARLIN?

Ayam with Lemongrass liao

So many young blood eager to jump into O&G but never think the long effect on their health.... For example like mine as per link... Lulz...

http://instagram.com/p/yxz6GetPjz/

Shell PD expansion? Or Shell MDS Bintulu expansion?

Seems that you really know Fluor very well Are you residing at Intermark or Manila office? Dont forget to say holla to me via Sametimes

Everything... working condition, cuaca, asyik teringat bini jauh (I just get married last december on christmas day), workloads, project deadline, rindu 18 ekor kucing kesayangan kat rumah, rindu my mom, rindu my friends at Bintulu...