I heard THHE has started their retrenchment exercise today.. anyone can confirm this unfortunate news?

I heard TTHE also bid with lower price, too low as long they can secure a new job.

Some of their sub departments within their department are like 90% contract staff. I wonder how they will restructure. It will be interesting to see.

Very unusual to keep expats and lay of local. Unless their expats are cheaper workers from places like Philippines or India. i.e lower wage workers VS Malaysian workers.

Company "T" ?

asalamualaikum dan salam sejahtera. currently I am doing petroleum engineering and have 1 more semester to graduate. my results are not that good because I mess up during my year 1 and 2. year 3 subject I tried my best to score but I barely pass through it.

with this academic transcript, I am quite demotivated at the moment. however because of my inspiring supervisor I suck it up and will not give up as I have nothing to lose.

I want to pursue career as wireline engineer, is there any way that I can climb into this career path? if I cannot get through it as a fresh graduate, maybe I start from other related job and hop into wireline works later on. kindly advise me on this. thank you.

AmResearch pegs buy call on KKB Engineering

Posted on January 3, 2015, Saturday

KUCHING: AmResearch Sdn Bhd (AmResearch) reiterated its buy call on KKB Engineering Bhd (KKB) as the group is said to be a possible frontrunner for the engineering, fabrication and procurement of one of Canadian player Talisman’s Kinabalu deep wellhead platforms.

KKB could possibly be among eight Malaysian fabricators in the running to provide the services to Talisman for the fabrication of the 3,000-tonne platform, which includes process modules, it said in a note yesterday.

“The current lowest bid that is five per cent lower than those of the others, which include SapuraKencana Petroleum Bhdand Malaysian Marine & Heavy Engineering Bhd,” iut added.

It is said that Talisman was evaluating KKB’s track record as the Kinabalu wellhead platform will be at a high-pressure, high-temperature zone.

The platform and associated pipelines will be linked to the existing infrastructure.

To note, Talisman holds a 60 per cent stake in the Kinabalu oil production sharing contract, which is a mature oilfield off Sabah.

“We believe the speculated contract value includes associated works. Our O&G order for KKB is conservative at only RM80 million for each of FY15F and FY16F, and at RM130 million for FY17F. Our net profit margin assumption is at 14 to 15 per cent.

“Regardless, we still expect the contract value for the wellhead platform to be substantial, possibly in the region of between US$60 million and US$80 million.

“We view this development positively. It is tangible evidence that KKB is able to compete based on pricing, with the advantages of its geographical operations in Sabah and Sarawak.”

“We expect the award winner for this 12-month contract to be announced by 1Q15, as well as for most of KKB’s 43 per cent-owned associate Oceanmight Sdn Bhd’s RM960 million bids for O&G fabrication jobs.”

AmResearch pegged KKB Engineering with an unchanged fair value of RM2.05 per share by virtue of its assocuat OceanMight Sdn Bhd’d oil and gas fabrication potential in Sarawak.

Read more: http://www.theborneopost.com/2015/01/03/am.../#ixzz3NvwkPQIC

Interesting. Who will win this?

Hi, I have just graduated from Universiti Teknologi PETRONAS (UTP) taking Bachelor in Mechanical Engineering. My major is Materials and learnt Failure Analysis, NDT, Corrosion & NanoMaterials. I also have experienced 7 months internship at ARKEMA Lychee Project, Kerteh as a Trainee Project Engineer for ALGOTECH for Mechanical & Piping Department. Up to now I've sent more than 150 job applications (email & website) and only received 2 interview offers, one is SLB (managed until 1st stage only- group & individual) and Gas Malaysia Berhad (interview this Wednesday).
My concern is that, most o&g companies are now freezing hiring and downsizing and most job vacancies are for those with experience only and an engineer from a Client company recently told me, we need CABLE to get into o&g especially client. Even UTP grads don't get the opportunity to be hired that easily by PETRONAS anymore.
I want to ask the seniors here to guide me on what to do for now and what to plan ahead. By the way, I would really love it if managed to secure a job with client as I'm the kind of guy who likes to talk and manage and I've experienced working with contractor(ALGOTECH) and also in manufacturing/automotive during my Diploma with PROTON.So, would really like to venture into new area     

Hello everyone. I am new here i was wondering if i am now working in a downstream OnG company, is there any training or certificate i could take so that my resume would be impressive for an OnG upstream company?

Expecting 1 big shocking news in June for O&G in Malaysia. Stay tuned.

i guess all the operators start spending back again, rigs easy to get contracts and demand high dayrate....kekekeke...

Will be this year. Earliest june, latest by September.

Hi guys, I have recently received an internship offer from Technip Malaysia at Jln Tun Razak and will be place in Static Equipment Department as I am studying mechanical engineering. Personally I am interested in developing my career in Oil and Gas industry. Will I get to learn a lot in this company or what should I expect to learn in that department ? because I am not sure what static equipment department is all about 
Is this a good starting point for me to gain exposure ? Would it be wise to accept that offer ?
Hope all the sifus can enlighten me with advise