If you want hectic and fast paced I strongly suggest you join fabricator like KHL, Brooke Dockyard, Labuan Shipyard, Boustead Shipyard, MHHE, OceanMight, THHE-Ramunia, Muhibbah Engineering etc

first time I heard of this company. 

Energy workers 'tops in productivity'

EOG Resources: Top upstream company for revenues per worker, study reveals

By Kathrine Schmidt & news reports

23 May 2014 21:25 GMT

Workers at energy companies are among the most productive in American business, with seven players boasting revenue $1 million or more per employee in the most recent quarter, according to a recent study.

Among upstream companies, US shale player EOG topped the list of revenue per employee at $1.5 million per worker, according to an analysis of S&P Capital IQ data completed by US Today.

EOG has soared to success in the US on prolific production from the Bakken and Eagle Ford shale plays, a development area the company helped pioneer.

In the fourth quarter of 2013, for example, the company posted a 53% rise in production of crude and condensate, growth the company called "extraordinary." High levels of uniformity and automation in the shale-drilling process have also helped boost margins.

"These companies generate large amounts of revenue from a relatively small number of employees since they rely so heavily on equipment designed to extract massive amounts of high-priced commodities," USA Today noted.

Closely following were supermajor ExxonMobil with $1.3 million and independent Marathon Oil with $1 million.

Downstream players boasted the highest numbers, however, with Houston refiners Valero at $3.4 million per worker and Phillips 66 at $2.7 million.

Pipeline company ONEOK and refiner Tesoro also made the list with per-worker figures of $1.6 million and $1.4 million respectively.

Health care company AmerisourceBergen was the only non-energy company to surpass the $1 million per worker mark, coming in third overall with $2.3 million.

Other non-energy companies with high figures per worker included chemical company Lyondell Basell at $837,218 and prescription company ExpressScripts at $790,158.

Technology companies Netflix and Apple also made the list with $583,949 and $568,443 respectively per worker in the first quarter.

currently graduating soon from Mechanical Engineering course. would want to venture into O&G as a field of career. however i do not possess high CGPA (above 3, but not more than 3.5 which is the minimum requirement by most of the O&G company)

my question is, does low CGPA really stands no chance in joining the O&G field?

for a fresh graduate applying for O&G job, is there any advices based on experience by the people here for us?

thank you

OceanMight is a new Co. which is subsidiary of KKB Steel Engineering. Most of their workers is from Brooke Dockyard lulz

Its fun to read all the conversations here, but segan nak join.

I guess people have heard of onesubsea, I got offered to their GRDP (sorta like graduate program) with 4 years bond (2 years rotation, 2 years work) and quite an ok pay for fresh graduate. Its more manufacturing even though ada nama O&G. Contemplating since im from chemical background.

The thing is their offer comes too early. I havent done exploring, but scared as well, yang dikejar tak dapat, digendong sudah cicir. LOL. I still wanna go to interviews. Hahaha.

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?

Dont worry lah most of the experienced personnel hired by OceanMight is my colleague from Brooke Dockyard last time

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. 

stick to aviation especially Turbomachinery - part of oil & gas/power plant/aviation, it is trending now, follow the business news, does not need to join o&g.

real life application courses which are documented and sharing with Engineers are coming from SPE, ain't cheap. without real life experience or basic fundamentals in petroleum, one may waste the $ to attend the course.

apologise to those whatever academy, some just start to boom and wanna take a piece of the pies in the market by fishing those fresh and wanna into o&g, just a way of making $. they will not last in the market.

rule of thumb, does not necessary join o&g, understand yourself: strength, background qualifications and nurture from there to become niche.
i have no idea why all must join o&g just because the trending or ?

Its fun to read all the conversations here, but segan nak join.

I guess people have heard of onesubsea, I got offered to their GRDP (sorta like graduate program) with 4 years bond (2 years rotation, 2 years work) and quite an ok pay for fresh graduate. Its more manufacturing even though ada nama O&G. Contemplating since im from chemical background.

The thing is their offer comes too early. I havent done exploring, but scared as well, yang dikejar tak dapat, digendong sudah cicir. LOL. I still wanna go to interviews. Hahaha.

If you can survive with fabricator for at least three years then you can look for me soliciting for job prospect

B.C. risks scaring away LNG investors: Petronas CEO
A second wave of investors has already ‘shied away’ from Australia
inShare2
[Email Story] Email [Print Story] Print [Story Comments] 0 Comments
Related News

    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
print |email this article

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


1  30 Google +1  0 0 comments

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
change text size

    Printer Friendly Version

    Email this Page

    Save to Favorites

    Create PDF

    More

    Share:
     
    Facebook
    Twitter
    Google+
    Reddit

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.