yes..especially for the subsale/secondary market. Just secured and signed two LOs last week.
p/s: I'm not doing business with BSN.

Heard one of the local O&G construction services,diving and marine support company closing down their business today. Office in Etiqa Twin Towers

Yes sir..

WTF! Who was the client?

Some info;

Classification Society;
SCM - ship classification malaysia
BV- Bureau Veritas
ABS- America Bureau of Shipping
NKK- Nippon Kaiji Kyokai
DNV GL -
RINA - Royal Italy
LR - Llyods Register

Marine Warranty Surveyor;
Berkat Global
Breamar Offshore
Global Maritime
DNV GL/Noble Denton
Matthews Daniel

Yes sir. And they also have their own called KM - kapal malaysia...

To add the note;

Operators like Petronas, Shell also have their own marine team that performing the OVID or OSVIS on the vessel prior to start the contract.

P/s: Petronas maritime team now is handover and become part of MISC.

This post has been edited by meonkutu11: Jan 30 2016, 04:17 PM

MMHE?

I thought they had a few VSS/layoff before lat year, no?

Oilfield Services Provider Weatherford to Cut 6,000 Jobs - See more at: http://www.rigzone.com/news/oil_gas/a/1428...h.DDKS500j.dpuf

Feb 3 (Reuters) - Weatherford International Plc said it would cut about 6,000 jobs in the first half of 2016 as a steep drop in oil prices hurts drilling and exploration activity. The oilfield services provider, which had about 56,000 employees at the end of 2014, cut about 14,000 jobs in 2015. The company also set a capital expenditure target of $300 million for this year, about 56 percent lower than its 2015 spending.

Bro mhyug, hopefully not involve employees in Malaysia...

yeah, heard last year bonus also much much lower than previous years....

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

so who will operate this platform?


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Happy Chinese New Year and Happy Holidays guys!
Best of luck for all of us...

Drilling Engineer - Middle East


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I believe all the local drilling contractors felt the hit now. NOC cannot always entertain them. With the current situation, operating companies (including NOC) will press hard on the day rates. For high spec jack up like what UMW and Perisai have they might running at loss if they accept the job (if there is job for them).

Few of their rigs now stack in Labuan, Spore and Batam and also rigs already under contract now suspended without job (dunno what rate they are getting during this suspension).


For tender & semi-barge player, Sapukencang maybe felt less pressure as many of their rigs currently on contract and operating outside Malaysia Water. Furthermore, I heard that they are not accepted the NOC's request to lower/revise the dayrate on the rigs that are on contract with NOC.




p/s: unless there is wahyu down from the top to instruct otherwise.



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But then again, although we have Malaysian flag rigs, the management still keen to put expat crews especially 'curry' crews....

From my observation, clients also play a big part in this so-called 'nationalization'...how can the drilling contractors want to seriously do their part when the contract does not clearly stated that requirement. Why client cannot insist to have certain percentage of national crews especially for the key personnel i.e driller, Toolpusher, Barge Master, OIM etc? (Like in Indonesia, Angola or Brazil) Even some of the contracts that I see, clearly stated the requirement of the "Expat" Rig Manager.

Goodluck Tuan Yakup

Tuan Yakub,

I wonder whats the reason of the rejection, is it merely because of the salary or experience/qualification not matched with the JDs?

Also, are you just trying luck to jump ship (test market) or seriously doing it because of contract not extended? Thank you.

Ok. Understood. I wish u good luck.

Now this is weird. They have rigs with no contract and stacked with minimum manning. Still want to recruit people. Huhuhuhu...

Petronas Gas, Sabah Energy scrap LNG regasification project



KUALA LUMPUR: Petronas Gas Bhd (PGas) and Sabah state-owned Sabah Energy Corp Sdn Bhd (SEC) have scrapped their proposed RM1bil joint-venture to construct and develop liquefied natural gas (LNG) regasification facilities in Lahad Datu, Sabah.

In a filing with Bursa Malaysia, PGas said the termination of the shareholders agreement effective Feb 10 was in view of “the prolonged uncertainty” of the regasification terminal project. No detail was given in the announcement.

PGas had on Sept 10, 2012, signed the shareholders agreement whereby the two parties would undertake the proposed project through Regas Terminal (Lahad Datu) Sdn Bhd (RGT), a PGas unit.

Under the agreement, SEC would subscribe to 1 share of RM1,000 in RGT, which had a paid-up capital of RM2,000. SEC had the option to subscribe up to 20% of RGT’s equity within 12 months of the commercial operation of the LNG facilities.

SEC would be given up to six months after the commercial operation date of the facilities to subscribe to the full 20% portion of the equity at par value. Beyond the six-month period and up until 12 months after the commercial operation date, SEC would have to subscribe to the full 20% portion of the equity at a premium.

RGT would be responsible for the overall coordination and strategic management of the project during the development stage and would also own, operate and maintain the facilities.

Based on PGas’ announcement in September 2012, the facilities were scheduled to be completed in 2015 and were targeted to have a send-out capacity of 0.76 million tonnes per annum.

However, the project was put on hold after the Lahad Datu armed intrusion in February 2013.

PGas shares fell 18 sen to close at RM22.32 on Wednesday.