QUOTE(Miss 1 @ Feb 4 2016, 05:53 PM)
Nope. Wabag interview is for Rapid Pengerang project.Oil & Gas Careers V10, Upstream & Downstream, Market slump ahead
Oil & Gas Careers V10, Upstream & Downstream, Market slump ahead
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Feb 4 2016, 06:01 PM
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Senior Member
4,351 posts Joined: Oct 2009 From: Bintulu, Sarawak |
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Feb 4 2016, 06:15 PM
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37 posts Joined: Aug 2009 From: N9 |
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Feb 4 2016, 06:39 PM
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Senior Member
4,351 posts Joined: Oct 2009 From: Bintulu, Sarawak |
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Feb 4 2016, 06:56 PM
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Junior Member
420 posts Joined: Feb 2007 |
QUOTE(ZZMsia @ Feb 4 2016, 04:24 PM) Royal Dutch Shell has confirmed it is cutting 10,000 jobs amid its steepest fall in annual profits for 13 years. still ok mah....got increment plus still have bonus as usual .... calculate back also average 2.5 months bonus...It made $1.8bn (£1.23bn) for the fourth quarter of the year, compared with a $3.3bn profit for the same period the year before. Full-year 2015 earnings were $3.8bn, compared with $19bn in 2014. The oil firm indicated it would report a massive drop in profits two weeks ago. Last month, shareholders in Shell, which is Europe's largest oil company, voted in favour of its takeover of smaller rival BG Group. It said it would cut 10,000 staff if that deal went ahead and said synergies though its tie-up with BG would be on top of the cost savings already outlined. Shell said it had cut operating costs by $4bn, or around 10%, in 2015, and expected to cut costs by a further $3bn this year. Its chief executive, Ben van Beurden, said the company would take further action if necessary: "Shell will take further impactful decisions to manage through the oil price downturn, should conditions warrant that." At the time of the proposed BG tie-up, oil was trading at about $55 a barrel, but has fallen sharply since then and is currently trading at about $30 a barrel, leading some shareholders to oppose the plan. Standard Life, a key investor in Royal Dutch Shell, said earlier this month that the price of oil needed to be $60 a barrel for the takeover to make financial sense. The company cut back hard on investment over the year, while capital spending for the year was slashed to $28.9bn, $8.4bn lower than in 2014. Shell sold $5.5bn worth of assets in the course of 2015 and is planning to sell another $30bn of assets. Shell's results are calculated on the basis of replacement cost, which reflects the current cost of supplies and is widely seen as the best measure of an oil firm's underlying performance. |
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Feb 4 2016, 09:17 PM
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888 posts Joined: Mar 2011 |
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Feb 4 2016, 10:47 PM
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3,491 posts Joined: Jan 2013 |
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Feb 4 2016, 10:58 PM
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1,597 posts Joined: Apr 2009 |
SapuraKencana Petroleum Berhad announced Thursday that wholly-owned subsidiary companies and jointly controlled entities within its group have been awarded contracts and contract extensions with a combined value of approximately $382 million. SapuraKencana GE Oil & Gas Services Sdn Bhd, a joint venture between SapuraKencana Services Sdn Bhd and GE Power Systems, has secured maintenance contracts from Murphy Sarawak Oil Company Ltd and Petronas Floating LNG1 Ltd for GE-supplied turbomachinery equipment under long-term service agreements. The company’s wholly-owned subsidiary, SapuraKencana Drilling Jaya Ltd, was granted an extension to its contract with BP Trinidad & Tobago LLC for the provision of its semi-submersible tender assist drilling rig SKD Jaya. BP has extended the use of the SKD Jaya for its development drilling campaign offshore Trinidad and Tobago for an additional one well and is expected to remain on contract until April 2016. - See more at: http://www.rigzone.com/news/oil_gas/a/1428...h.w42hW20B.dpuf This post has been edited by meonkutu11: Feb 4 2016, 11:00 PM |
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Feb 5 2016, 08:19 AM
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420 posts Joined: Feb 2007 |
Petronas, Dialog abort project
PETALING JAYA: Petroliam Nasional Bhd (Petronas), Dialog Group Bhd and Australia-based petroleum company Roc Oil Co Ltd have aborted a proposed project estimated to cost more than RM3bil to develop and produce petroleum off Bintulu, Sarawak. In a filing with Bursa Malaysia, Dialog said the small-field risk service contract to develop the Balai cluster fields was terminated due to the difficult business environment and persistently depressed oil price. The oil and gas-based technical services provider said BC Petroleum Sdn Bhd – which is 32% owned by its unit Dialog D&P Sdn Bhd, 48% by Roc Oil Malaysia (Holdings) Sdn Bhd and 20% by Petronas Carigali Sdn Bhd – had ceased operation and had on Wednesday signed a termination by mutual agreement with Petronas. The risk service contract, which was terminated effective Dec 1, 2015, had been signed by Dialog D&P, Roc Oil and Petronas Carigali with Petronas on Aug 16, 2011 and was subsequently novated to BC Petroleum. The contract’s development and pre-development phases were estimated to cost US$850mil to US$950mil (RM3.49bil to RM3.91bil). With the termination of the contract, BC Petroleum will receive the balance of the capital expenditure reimbursement within the first half of 2016. Dialog said its total losses amounting to about US$10mil (RM41mil) had been substantially provided for in the group’s financial results. “As such, the termination is not expected to have any material effect on the earnings, net assets and gearing of Dialog for the current financial year ending June 30, 2016,” it said. The termination of the contract does not require approvals from the relevant authorities and the shareholders of Dialog, and has no effect on the share capital and substantial shareholders’ shareholdings in Dialog. Dialog closed higher by four sen or 2.61% to RM1.57 yesterday. |
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Feb 5 2016, 08:53 AM
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Senior Member
4,351 posts Joined: Oct 2009 From: Bintulu, Sarawak |
One risk sharing contract has been terminated. I wonder if Berantai & KBM cluster will faced the same fate?
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Feb 5 2016, 09:04 AM
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Senior Member
4,351 posts Joined: Oct 2009 From: Bintulu, Sarawak |
QUOTE(meonkutu11 @ Feb 4 2016, 10:58 PM) SapuraKencana Petroleum Berhad announced Thursday that wholly-owned subsidiary companies and jointly controlled entities within its group have been awarded contracts and contract extensions with a combined value of approximately $382 million. I know one particular recruiter actively recruiting for SapKen-GE JV for turbomachinery maintenance roles (Field Engineer). Their office is at Shah Alam.SapuraKencana GE Oil & Gas Services Sdn Bhd, a joint venture between SapuraKencana Services Sdn Bhd and GE Power Systems, has secured maintenance contracts from Murphy Sarawak Oil Company Ltd and Petronas Floating LNG1 Ltd for GE-supplied turbomachinery equipment under long-term service agreements. The company’s wholly-owned subsidiary, SapuraKencana Drilling Jaya Ltd, was granted an extension to its contract with BP Trinidad & Tobago LLC for the provision of its semi-submersible tender assist drilling rig SKD Jaya. BP has extended the use of the SKD Jaya for its development drilling campaign offshore Trinidad and Tobago for an additional one well and is expected to remain on contract until April 2016. - See more at: http://www.rigzone.com/news/oil_gas/a/1428...h.w42hW20B.dpuf Those aircraft maintenance fags from airline industry is at advantage to apply these roles with SapKen-GE or who work with Serba Dinamilk & UBF Maintenance which involve in GTG shutdown and turnaround at PGB & MLNG. |
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Feb 5 2016, 09:13 AM
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Junior Member
21 posts Joined: Feb 2010 |
QUOTE(mohdyakup @ Feb 5 2016, 09:04 AM) I know one particular recruiter actively recruiting for SapKen-GE JV for turbomachinery maintenance roles (Field Engineer). Their office is at Shah Alam. Hi bro. Can you pm me contact/email for this recruiter. I want recommend my brother in law who just been retrench by MAS. ThanksThose aircraft maintenance fags from airline industry is at advantage to apply these roles with SapKen-GE or who work with Serba Dinamilk & UBF Maintenance which involve in GTG shutdown and turnaround at PGB & MLNG. |
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Feb 5 2016, 09:14 AM
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Junior Member
21 posts Joined: Feb 2010 |
QUOTE(mohdyakup @ Feb 5 2016, 09:04 AM) I know one particular recruiter actively recruiting for SapKen-GE JV for turbomachinery maintenance roles (Field Engineer). Their office is at Shah Alam. Hi bro. Can you pm me contact/email for this recruiter. I want recommend my brother in law who just been retrench by MAS. ThanksThose aircraft maintenance fags from airline industry is at advantage to apply these roles with SapKen-GE or who work with Serba Dinamilk & UBF Maintenance which involve in GTG shutdown and turnaround at PGB & MLNG. |
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Feb 5 2016, 09:22 AM
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Senior Member
4,351 posts Joined: Oct 2009 From: Bintulu, Sarawak |
EPOMS is looking for Senior Mechanical Engineer. Minimum 10 years experience in O&G, I think if you have FPSO project experience will be at advantage.
Send your CV to norazman@epoms.com.my or hafizi@epoms.com.my |
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Feb 5 2016, 09:27 AM
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Senior Member
4,351 posts Joined: Oct 2009 From: Bintulu, Sarawak |
QUOTE(adyuan @ Feb 5 2016, 09:13 AM) Hi bro. Can you pm me contact/email for this recruiter. I want recommend my brother in law who just been retrench by MAS. Thanks Refer to my O&G jobs classified thread. His name is Tai Yeong or something like that from Networkers PLC KL office. Ask your bro in law to create LinkedIn profile.GTG/turboprop maintenance experience is a hot stuff in the O&G MRO right now. Easily can earn more than /k/ salary range hehehehe I know because I have one of my friend in this field. I jelly. |
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Feb 5 2016, 09:30 AM
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454 posts Joined: Aug 2010 |
For the balai rsc, the actual loser is petronas for having to full reimburse the expenses for the pre development phase. Usd 10mill losses by dialog is a very small amount really compared to the total to be reimbursed bu petronas. If theres some salvage value of the 3 monopoda and the epv vessel maybe can offset a bit of the losses. Otherwise too bad.
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Feb 5 2016, 09:54 AM
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Senior Member
1,597 posts Joined: Apr 2009 |
QUOTE(noiseemunkee @ Feb 5 2016, 09:30 AM) For the balai rsc, the actual loser is petronas for having to full reimburse the expenses for the pre development phase. Usd 10mill losses by dialog is a very small amount really compared to the total to be reimbursed bu petronas. If theres some salvage value of the 3 monopoda and the epv vessel maybe can offset a bit of the losses. Otherwise too bad. so who will operate this platform?Attached thumbnail(s) |
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Feb 5 2016, 10:50 AM
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Junior Member
454 posts Joined: Aug 2010 |
4 monopods actually. Handover the asset back to petronas. I guess not gonna operate it kua. Oil revenue wont be able to cover the opex for the whp and epv. Jadi tempat singgah nelayan le kot.
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Feb 5 2016, 10:53 AM
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Junior Member
454 posts Joined: Aug 2010 |
Shell so kind to employee. Still dpt bonus and increment. Haha. Pet have to really looks into trimming down the fata if wanna brace thru he storm and be more competitive in future. But he top bosses really need some balls to retrench permanent staffs. Not easy decision as all eyes are on them.
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Feb 5 2016, 11:16 AM
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Senior Member
4,351 posts Joined: Oct 2009 From: Bintulu, Sarawak |
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Feb 5 2016, 11:16 AM
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Senior Member
4,351 posts Joined: Oct 2009 From: Bintulu, Sarawak |
Shell recruiter - yoke-hui.chew@shell.com
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