Guys, got offered by favelle favco for project engineer

is this company highly active in oil and gas industry?

I am thinking to work there first before shifting to other oil and gas company

Send detail to sapura and others,but got ignored. Results quite OK since first class graduate.....

Really dilemma wether to take or not to take the offer

Correct me if Im wrong, but the news said Petronas' profit dropped, meaning that they are making less. That doesn't translate to losing money, right? If the news say that revenue is dropping, then I understand that there is possibility of Petronas losing money. Besides, I think pretty much every O&G companies' profit would drop (not only Petronas) or even incur losses, given the O&G climate nowadays...

I think we should stop discussion on issues not related to CAREERS in OIL & GAS in this thread.

Those whose objectives in this thread are to show off their thinking and debate skills and want to win all debates at all costs, rather than posting of topics related to this thread, should continue their tirades in RWI or Kopitiam.

Look at 40 years back for malaysia when oil can be found using 2 parallel pencils(dont believe me? ask any geologist at Petronas and Exxon) at Terrenganu oil fields. Probability of hitting an oil that time are 1/10 at best probability in exploration. Now lets talk about today 1/20 (sometimes 1/30) hits one successful oil field. So yes, oil is running short in malaysia. Gone are the days we get easy oil in malaysia. Show this statement to any geologist and they will tell you is facts for malaysian oil field. I have a powerpoint presentation of the stats of successful oil exploration in malaysia by most majors in malaysia. If not with me it is surely with my dad.

My dad is one of the founders of Tapis fields (worked on multiple oil & gas fields with proven sample taken from the field itself as the reward of his efforts) in ExxonMobil from his 50 years service in the company. Given a golden handshake for the retirement for long term service.

Yes, refinement is needed no doubts, but is a sweet oil which needs very little processing to remove some impurities and fine sand. If you do not take into account the standards of oil quality, you can still use the oil in a car any day. They share the same traits as the Middle oil in terms of age, quality and reservoir porosity. Please do note not all Middle east fields share the same traits.

Please ask before you quote assumptions. There is even proven research on why Tapis oil is almost similar to Middle East, Petronas was smart that they needed to know the reason why sweet oil exist.

Tapis is light sweet crude. Low suplhur content (0.04%) which produces full range naphtha (light and heavy), butane, jet kero and high grade diesel. Such crude only need fractionation to obtain their products. Of course they will try to get rid of as much sulphur and H2S in the product. Also fine sand is found in any crude which is not good for engine combustion. But nothing is perfect when it comes to sulphur removal.

The oil produced at Tapis is the same grade in all 4 platforms (platform may have increased for DD, my dad's time no such thing as DD and MWD) due to the fact that they share the same geological faults, age, temperature, porosity and depth. There is a reason why only Tapis had sweet light oil.

Tapis is not found till later in my dad's career. Before Tapis, other oil fields are sour crude and some even have mercury.
Thus, this explains why PD oil refinery had a hydro treater. Hydrocrackers are use to improve the oil performance for petrol.

If things had changed in the Tapis field that I am not aware (I am working overseas btw), my sincere apology for any doubts created, we are here to share knowledge. I am here to share my dad's long life experience in that field.

I am aware that sulphur removal is not perfect. Hence my previous statement "But nothing is perfect when it comes to sulphur removal". Read my previous statement properly.

PD refinery obviously process other Malaysian oil field crude BEFORE Tapis was discovered. Tapis was only discovered only on 1969. No one builds a refinery without a HDS, that is plain stupid as each oil field are different from others when it comes to quality and sulphur content. Assuming PD only refines only Tapis oil (which NEVER HAPPENS), sulphur content will build up (even with the 0.04% sulphur) sulphur will always build up in concentration.

Regardless is good or bad crude, good or bad crude are always stored, in which later it will be blended with other crude to produce the desired products based on market demand.

No oil and gas company will take a crude to be burned staright to a car. That is plain no brainer either.My first statement was just a metaphore of how good the oil is at Tapis is.

What makes you think I dont know anything about refinery? Once again dont assume.

may i know whether graduate from other degree will be able to join O&G companies?

bachelor of science - statistics from local university UPM

Probably because you are talking cock all the time. What facts? A lot of rubbish is all I see. You try to obfuscate your arguments with your area of knowledge with some innuendos and conspiracy theory about others. I can tell someone trying to show off but ending up looking damn stupid.

just don't act big cock in front of the subcontractor or vendor, they know more than you.

1st off, Petronas as a group still made a bazillion ringgit in PROFIT. If my underlings makes the above kind of comparisons, I would have taken his presentation and throw it into the bin. Why in the world are you comparing PETRONAS group with Shell Refinery? Why would you compare a Company that made 11.4 BILLION ringgit PROFIT in the Quarter against a Refining company who made 85 MILLION ringgit for the same quarter and then CONFIDENTLY say that Shell is making MORE money that PETRONAS?

See what I am getting here?

PETRONAS made a smaller reduction in PROFIT percentage wise as compared to SHELL and EXXONMOBIL (i.e. PETRONAS perfoms better than SHELL and EXXONMOBIL)

PROFIT for PETRONAS slumped by 39% as compared to a 56% slump by SHELL and a slump of 46% of Q1 PROFIT by EXXONMOBIL

So before you CONFIDENTLY say that only PETRONAS is losing money, you might want to check your facts again.

Nothing of what you typed made any sense. At all.

If a profit loss is inline with sector norms once CAPEX has been taken into context, I don't see the abnormality. It's merely market conditions at work.

Urm I don't mind opposite views but I believe that an argument needs at least a little more understanding than simply reading a news paper article by journalist who sometimes don't even bother looking up on facts.

One journalist even wrote in RON 95 vs 97, that using RON 97 does not increase engine capacity!   I hope those of you who knows a little about cars or are engineers understand the point I am making here.

Petronas suffered a drop in profit due to the fall in global oil prices.

I don't look into those indicators

Petronas profit margin in the first quarter of 2014 was ~32% compared with 2015 at ~25% with revenues dropping ~21%.
And lets not forget that crude oil prices dropped ~60% since that time.
This is not the problem. It actually shows that the management team are reflecting planning policy to reflect the new prices.

While operating expenditure for 2014 was ~62% of revenue and 2015~66%. While Petronas was quick to ask their vendors/contractors to take a pay cut, if prices stay like this for too long Petronas might need to stop being a charity organization and start being a company back again.
This is their single biggest problem. While revenue and profit took a hit, their operating expenditure increased by almost 4%. But remember this is quarterly report so it might reflect the actual picture. This is also the single point that takes down any company including MAS, and that why the German terminator terminated *pun intended*. So in a sense you have a point.

Wow, that's all you got? Picking up on ExxonMobil vs. Esso in my paragraph? Yikes, you got issues dude.

My comprison was between PETRONAS group vs Shell Worldwide and ExxonMobil worldwide. But anyway, who am I kidding.... This is like talking to Tony Pua and Rafizi about 1MDB. Nothing you'll say will make them happy. They make losses they scream bloody murder, they make money you scream bloody murder also.

Your reply with MAS etc is as garbled as it gets. Sheeshhhhh.

You definitely has issues. Probably one of the reason you got the sack. Sheesh.

How stupid is it for you to compare PETRONAS who made 11 billion against Shell Refinery that made 85 million? No wonder you got the sack cause you can't make a proper comparison and analysis in the first place.

OPEC maintains production.

http://www.bbc.com/news/business-33022390

Oh, well.

Yes, true true.

BTW, how to calculate crude price to consumer's petrol price? I heard in UK, petrol price keep increasing since January.

Apa yang aku tau, MOPS - Mean of Platts Singapore benchmark shall not be mistaken to Crude oil benchmark.

Kena Tanya orang kerja PDB and KPDNKK about MOPS data. They know better about APM for gasoline & diesel.

Contrary to popular belief, PETRONAS gain nothing for any increase of gasoline price. Kena tanya KPDNKK.