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 Oil & Gas Careers V11, Upstream & Downstream, Market still slump ahead...

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TSmeonkutu11
post Jul 16 2016, 05:28 PM, updated 9y ago

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** Warning : Any racial slur statement & political discussion shall be put off from this thread. **


Welcome to O&G Careers discussion - Upstream & Downstream


Previous Ver.1 thread can be found here - https://forum.lowyat.net/topic/255573

Previous Ver.2 thread can be found here - https://forum.lowyat.net/topic/1665446

Previous Ver.3 thread can be found here - https://forum.lowyat.net/topic/2257119

Previous Ver.4 thread can be found here - https://forum.lowyat.net/topic/2485295

Previous Ver.5 thread can be found here - https://forum.lowyat.net/topic/2861882

Previous Ver.6 thread can be found here - https://forum.lowyat.net/topic/3213881

Previous Ver.7 thread can be found here - https://forum.lowyat.net/topic/3494287

Previous Ver.8 thread can be found here - https://forum.lowyat.net/topic/3577252

Previous Ver.9 thread can be found here cry.gif - https://forum.lowyat.net/topic/3840859

Previous Ver. 10 thread can be found here - https://forum.lowyat.net/topic/3851812

For O&G Job Classified, please refer to the following link - https://forum.lowyat.net/index.php?showtopic=3557497&hl=

mohdyakup
post Jul 16 2016, 06:11 PM

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First. Turkey hit by military coup. TANAP project at risk?
BaRT
post Jul 16 2016, 08:26 PM

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2nd...boleh la.
So no to racism scumbag here.
MEngineer
post Jul 16 2016, 09:01 PM

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Third inline. Brent Oil Price at $48.
mhyug
post Jul 16 2016, 09:13 PM

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4th homecoming of the oil monkeys. so with a military coup will it give a boost to the oil price just like the bombing's in nigeria's oil producing wells.
azraeil
post Jul 16 2016, 09:37 PM

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5th. Coup failed. No impact of oil prices most likely.
zulfadzlis
post Jul 17 2016, 12:34 AM

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6th. Coup failed but it caused the oil price to go up a little ( probably just for a short period)
http://www.cnbc.com/2016/07/14/oil-falls-a...-data-eyed.html
mhyug
post Jul 17 2016, 12:58 AM

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failed coup lol. what were they thinking. sehebat2 pokjib pon sapa pon x nak coup haha
Stamp
post Jul 17 2016, 01:51 AM

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7th stalker......development engineer without field development work to do...... * sigh *
TSmeonkutu11
post Jul 17 2016, 12:20 PM

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QUOTE(kengyan @ Jul 17 2016, 10:05 AM)
Got an offer from ADNOC, kucing kurap as shift team for USD7000.
Interesting thing is, no interview and they already offer me a job and never ask for interview. Too good to be true offer?
*
Wow..what about all the documentations(i.e visa, workig permit, JD,etc)?

mohdyakup
post Jul 17 2016, 12:23 PM

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QUOTE(kengyan @ Jul 17 2016, 10:05 AM)
Got an offer from ADNOC, kucing kurap as shift team for USD7000.
Interesting thing is, no interview and they already offer me a job and never ask for interview. Too good to be true offer?
*
Too good to be true bro, interview tak ada. Better not.
nakjadiDE
post Jul 17 2016, 08:06 PM

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Hi abang abang taiko, i have a situation. I graduated on dec 2014. work about 1 year and recently got retrenched (May). after a month of searching for a job and went for several interviews, i finally secured a job but not as engineer but as process admin.

tomorrow i have been scheduled to come to the office and sign the offer letter (work start on 1st august). but the problem is, in between i went for a another interview (shell SBOKL). and the result would prolly be out around next week. should i come to office and be honest about my situation? or should i just say something else
MEngineer
post Jul 17 2016, 08:25 PM

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QUOTE(nakjadiDE @ Jul 17 2016, 08:06 PM)
Hi abang abang taiko, i have a situation. I graduated on dec 2014. work about 1 year and recently got retrenched (May). after a month of searching for a job and went for several interviews, i finally secured a job but not as engineer but as process admin.

tomorrow i have been scheduled to come to the office and sign the offer letter (work start on 1st august). but the problem is, in between i went for a another interview (shell SBOKL). and the result would prolly be out around next week. should i come to office and be honest about my situation? or should i just say something else
*
Since you haven't got confirmation from Shell, don't spill the beans yet. Once Shell confirms only then resign. Anyway probation period can resign easily.
nash9701
post Jul 17 2016, 08:34 PM

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Yeah, V11, saw mail memo from Technip on Pokemon, this thing really give impact, waiting if my company will come out memo as well, haha

(^__^)
knwong
post Jul 17 2016, 10:06 PM

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QUOTE(nash9701 @ Jul 17 2016, 08:34 PM)
Yeah, V11, saw mail memo from Technip on Pokemon, this thing really give impact, waiting if my company will come out memo as well, haha

(^__^)
*
Memo say what? Good thing?
zulfadzlis
post Jul 17 2016, 10:24 PM

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QUOTE(nakjadiDE @ Jul 17 2016, 08:06 PM)
Hi abang abang taiko, i have a situation. I graduated on dec 2014. work about 1 year and recently got retrenched (May). after a month of searching for a job and went for several interviews, i finally secured a job but not as engineer but as process admin.

tomorrow i have been scheduled to come to the office and sign the offer letter (work start on 1st august). but the problem is, in between i went for a another interview (shell SBOKL). and the result would prolly be out around next week. should i come to office and be honest about my situation? or should i just say something else
*
Clearly you have no idea about office politics. The HR will not like this attitude so just sign the offer letter & resign if u get the offer from shell ( should be fine since you will be under probation)
nakjadiDE
post Jul 18 2016, 12:31 AM

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thanks Zulfazlis and Mengineer.

Yes i clearly dont have any idea about office politics, quite new in working force. but this is just temporary as I have engineering background. waiting for oil to recover and try drilling again! woot woot
sukhoi35mk
post Jul 18 2016, 01:14 AM

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Shell SBOKL is diff from SMT or SMEP.... SBOKL is Business shared service centre.... no technical or engineering dept
ZZMsia
post Jul 18 2016, 07:54 AM

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QUOTE(sukhoi35mk @ Jul 17 2016, 01:14 PM)
Shell SBOKL is diff from SMT or SMEP.... SBOKL is Business shared service centre.... no technical or engineering dept
*
I was wondering too..Shell SSB hiring is very slow/almost non-existent. ..

DuFfz
post Jul 18 2016, 08:54 AM

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QUOTE(ZZMsia @ Jul 18 2016, 07:54 AM)
I was wondering too..Shell SSB hiring is very slow/almost non-existent. ..
*
a friend in SSB is scared of the incoming 2017 chopping board.

This post has been edited by DuFfz: Jul 18 2016, 08:54 AM
keeganwoon90
post Jul 18 2016, 10:19 AM

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anyone here working in bp shared service centre yo!
ZZMsia
post Jul 18 2016, 10:41 AM

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QUOTE(keeganwoon90 @ Jul 17 2016, 10:19 PM)
anyone here working in bp shared service centre yo!
*
Friend used to work there, not sure if he was let go or left.

keeganwoon90
post Jul 18 2016, 11:03 AM

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QUOTE(ZZMsia @ Jul 18 2016, 10:41 AM)
Friend used to work there, not sure if he was let go or left.
*
culture okay?
mohdyakup
post Jul 18 2016, 11:05 AM

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BP Shared Service? No komennnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn
ZZMsia
post Jul 18 2016, 01:40 PM

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Assisting a friend here, Piping engineer with 10-15 years of experience in both client and consultant side..He has been let go..Anyone know of any vacancies?? Upstream guy

Wan Azaharm
post Jul 18 2016, 02:04 PM

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Not much new projects in the horizon for Oil and Gas in Malaysia.
All big projects are on-going. Nothing much to bid for service.
mohdyakup
post Jul 18 2016, 02:46 PM

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FE

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mohdyakup
post Jul 18 2016, 03:06 PM

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Floater fags kambing... Boleh try...

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mohdyakup
post Jul 18 2016, 03:11 PM

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QUOTE(Wan Azaharm @ Jul 18 2016, 02:04 PM)
Not much new projects in the horizon for Oil and Gas in Malaysia.
All big projects are on-going. Nothing much to bid for service.
*
They are downstream project, but cannot expect Upstream salary rate for downstream ehehehehe need to readjust kesyukuran level ehehehehe
mohdyakup
post Jul 18 2016, 03:13 PM

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QUOTE(nash9701 @ Jul 17 2016, 08:34 PM)
Yeah, V11, saw mail memo from Technip on Pokemon, this thing really give impact, waiting if my company will come out memo as well, haha

(^__^)
*
Pokemon-Go is a good thing what, boleh exercise hehehehe
sukhoi35mk
post Jul 18 2016, 07:56 PM

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QUOTE(mohdyakup @ Jul 18 2016, 03:11 PM)
They are downstream project, but cannot expect Upstream salary rate for downstream ehehehehe need to readjust kesyukuran level ehehehehe
*
actually i dont understand why ppl always thinking that upstream engineer earning more....not everyone in Upstream will travel to offshore and get offshore allowance.... those onshore engineers.... gaji also like DS engineers.... tongue.gif

This post has been edited by sukhoi35mk: Jul 18 2016, 07:59 PM
mohdyakup
post Jul 18 2016, 08:43 PM

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Vervain

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TSmeonkutu11
post Jul 19 2016, 08:57 AM

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Deepwater Metro I moving to PETRONAS well


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BaRT
post Jul 19 2016, 09:28 AM

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QUOTE(mohdyakup @ Jul 18 2016, 03:13 PM)
Pokemon-Go is a good thing what, boleh exercise hehehehe
*
Malaysia blom available.
Ada dah install pkai apk but failed to play.
Vervain
post Jul 19 2016, 09:50 AM

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QUOTE(mohdyakup @ Jul 18 2016, 08:43 PM)
Vervain

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*
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mohdyakup
post Jul 19 2016, 10:17 AM

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QUOTE(meonkutu11 @ Jul 19 2016, 08:57 AM)
Deepwater Metro I moving to PETRONAS well
*
Block J? That is for Petronas Carigali Brunei deepwater isnt it? That block JV with Murphy Oil and PetroleumBrunei (PB).

Kalau saya salah tolong jolokkan.
ZZMsia
post Jul 19 2016, 11:45 AM

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QUOTE(sukhoi35mk @ Jul 18 2016, 07:56 AM)
actually i dont understand why ppl always thinking that upstream engineer earning more....not everyone in Upstream will travel to offshore and get offshore allowance.... those onshore engineers.... gaji also like DS engineers.... tongue.gif
*
Nothing to do with going offshore.... Onshore based engineers doing Upstream still make more than DS
sukhoi35mk
post Jul 19 2016, 11:49 AM

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maybe my company paying those engineers equally.... all according to Job group..... nothing more nothing less.....e.g. piping engineer in Upstream also getting same salary as piping engineers in DS... unless that fella go to offshore then extra allowance... we even rotate engineers between upstream and DS...
WinkyJr
post Jul 19 2016, 11:51 AM

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have small chat with petronas guy last friday
he said ong still slow, recovering but still bad
can say good when usd80/barrel
lucky him petronas serap him from long term contract

nash9701
post Jul 19 2016, 11:52 AM

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QUOTE(BaRT @ Jul 19 2016, 09:28 AM)
Malaysia blom available.
Ada dah install pkai apk but failed to play.
*
Hopefully no news come out caught ppl playing inside plant as rare/legendary pokemon appear there

(^__^)
sukhoi35mk
post Jul 19 2016, 11:55 AM

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crude oil drops back to USD45 and some say will drop even more...... in next few months are important...if remain lower in Q4 2016 then next year also another difficult year....
TSmeonkutu11
post Jul 19 2016, 12:09 PM

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I'm not quite understand categorization of the working ppl in term of upstream and downstream..

if working with operating company, for me yes, quite clear...

but let say for consultant company, Technip, Aker, SKP TLO, is there also division for upstream and downstream? I mean, formally/officially.

I know last time onshore engineers in TLO have either domestic or International project division.

Also for FPSO, they are consider as upstream? operations (US), Onshore Engineers (DS)?


ZZMsia
post Jul 19 2016, 01:20 PM

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QUOTE(meonkutu11 @ Jul 19 2016, 12:09 AM)
I'm not quite understand categorization of the working ppl in term of upstream and downstream..

if working with operating company, for me yes, quite clear...

but let say for consultant company, Technip, Aker, SKP TLO, is there also division for upstream and downstream? I mean, formally/officially.

I know last time onshore engineers in TLO have either domestic or International project division.

Also for FPSO, they are consider as upstream? operations (US), Onshore Engineers (DS)?
*
Consultants will have division for upstream and downstream... TLO is an offshore contractor for T&I works.. Aker Malaysia only does upstream (subsea and engineering works).
TSmeonkutu11
post Jul 19 2016, 02:21 PM

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QUOTE(ZZMsia @ Jul 19 2016, 01:20 PM)
Consultants will have division for upstream and downstream... TLO is an offshore contractor for T&I works.. Aker Malaysia only does upstream (subsea and engineering works).
*
I see. Coz my friend is NA in SKP under international project (now I think now combined domestic & international) and another one is NA with Aker KL.
Not aware that they are classified either under US or DS..


sukhoi35mk
post Jul 19 2016, 02:30 PM

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FPSO/FLNG is midstream...everything under processing, storage, transmission of oil is midstream... coastal vessel, oil tanker...pipeline all midstream...
sukhoi35mk
post Jul 19 2016, 02:38 PM

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unconventional oils like heavy oil or shale oil are DS....although they are drilling on land...it's DS....
Dagger69
post Jul 19 2016, 03:38 PM

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I got laid off..again after a year. This time by a T&I Contractor due to cash flow problem and unable to receive further funds from the bank.

Previously I was with an EPC Consultant in KL. I feel like giving up with the industry.

This post has been edited by Dagger69: Jul 19 2016, 03:38 PM
ZZMsia
post Jul 19 2016, 03:45 PM

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QUOTE(meonkutu11 @ Jul 19 2016, 02:21 AM)
I see. Coz my friend is NA in SKP under international project (now I think now combined domestic & international) and another one is NA with Aker KL.
Not aware that they are classified either  under US or DS..
*
Naval Arch? Both of them are US..
mohdyakup
post Jul 19 2016, 11:18 PM

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QUOTE(sukhoi35mk @ Jul 19 2016, 02:38 PM)
unconventional oils like heavy oil or shale oil are DS....although they are drilling on land...it's DS....
*
Any extraction activities of hydrocarbon although its on the land is Upstream

This post has been edited by mohdyakup: Jul 19 2016, 11:18 PM
nakjadiDE
post Jul 20 2016, 12:30 AM

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do SBOKL provide any transport allowance? or anybody know about their allowances scheme
ZZMsia
post Jul 20 2016, 07:51 AM

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QUOTE(mohdyakup @ Jul 19 2016, 11:18 AM)
Any extraction activities of hydrocarbon although its on the land is Upstream
*
Yes correct.. I tink Sukhoi is confused.

TSmeonkutu11
post Jul 20 2016, 09:01 AM

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mohdyakup
post Jul 20 2016, 09:02 AM

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QUOTE(ZZMsia @ Jul 20 2016, 07:51 AM)
Yes correct.. I tink Sukhoi is confused.
*
Its okay we are correcting each other with brotherhood arms. Kalau salah & silap sama2 kita jolokkan drool.gif drool.gif drool.gif drool.gif
azraeil
post Jul 20 2016, 09:08 AM

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Upstream involves the extraction of Hydrocarbons (on-shore or offshore) so it does not matter whether it's shale oil or oil sands extraction etc, those are Upstream. The cut-off for Upstream & Downstream is once the oil/gas landed to be processed (Refineries, plants etc), those are Downstream. Midstream is something new.
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post Jul 20 2016, 10:59 AM

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I think we need the rephrase the terms according to changes...... those day, you extract hydrocarbon from wells then it's upstream, you transport them via vessels or pipeline then it's midstream and these raw materials process at refinery then distribute / sell to customer; it's downstream...

what if they bring the processing unit to the extraction sites?they build the refineries or they put the FPSO/FLNG at the wells where they can extract immediately, process and distribute to customers at same location.... what u call that? biggrin.gif

so, if u look at Shell's profiles.... Heavy oils like Athabasca Oil Sands Project (AOSP) in canada is considered downstream business although they extract or mining the sand oils...... LNG is no longer considered as Upstream nor Downstream.... they group LNG under integrated Gas profile including FLNG. So, now they have Upstream for conventional oils and deepwater, integrated Gas for LNG and Downstream inclusive of heavy oils.

if petronas, FLNG is part under LNG and part of their upstream.

This post has been edited by sukhoi35mk: Jul 20 2016, 04:49 PM
sukhoi35mk
post Jul 20 2016, 11:35 AM

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QUOTE(mohdyakup @ Jul 19 2016, 10:17 AM)
Block J? That is for Petronas Carigali Brunei deepwater isnt it? That block JV with Murphy Oil and PetroleumBrunei (PB).

Kalau saya salah tolong jolokkan.
*
Deepsea Metro I is in block Limbayong GHA operated by SSPC

Platinum explorer and Nobel Bully II also somewhere nearby too biggrin.gif
roci
post Jul 20 2016, 12:13 PM

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Ohh my god, next month will be anniversary of my unemployment. I was laid off from contractor company in KL in 2015, previously i was in Singapore. Doing pipeline installation. I feel useless & sluggish after this long term unemployment. Im not sure how im going to survive until end of this year. Do you guys sifu here have any advice or known vacancies/opening anywhere?
ZZMsia
post Jul 20 2016, 12:29 PM

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QUOTE(roci @ Jul 20 2016, 12:13 AM)
Ohh my god, next month will be anniversary of my unemployment. I was laid off from contractor company in KL in 2015, previously i was in Singapore. Doing pipeline installation. I feel useless & sluggish after this long term unemployment. Im not sure how im going to survive until end of this year. Do you guys sifu here have any advice or known vacancies/opening anywhere?
*
None i know for PL installation..Not many projects or even bids now..Try technip asiaflex, I haven't heard of them retrenching. I know its not an installation contractor, but just try
efili
post Jul 20 2016, 12:30 PM

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hello v11, ayam baru masuk
on-going PCFK TA mega_shok.gif
TSmeonkutu11
post Jul 20 2016, 12:46 PM

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QUOTE(sukhoi35mk @ Jul 20 2016, 11:35 AM)
Deepsea Metro I is in block Limbayong GHA operated by SSPC

Platinum explorer and Nobel Bully II also somewhere nearby too  biggrin.gif
*
Noble Bully II & Deepwater Nautilus --- Shell


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nakjadiDE
post Jul 20 2016, 12:54 PM

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QUOTE(roci @ Jul 20 2016, 12:13 PM)
Ohh my god, next month will be anniversary of my unemployment. I was laid off from contractor company in KL in 2015, previously i was in Singapore. Doing pipeline installation. I feel useless & sluggish after this long term unemployment. Im not sure how im going to survive until end of this year. Do you guys sifu here have any advice or known vacancies/opening anywhere?
*
As for me, fresh grad work around 10 months as engineer then was laid off. I realize the market is very tight. So i look out for other opportunities such as doing business dev/procurement but still in oil and gas industry. just at the moment try to be positive and take any job. As for me, i just want to polish my non technical area first, then after the market is okay. i will try to search for an engineer position again.
TSmeonkutu11
post Jul 20 2016, 01:55 PM

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QUOTE(nakjadiDE @ Jul 20 2016, 12:54 PM)
As for me, fresh grad work around 10 months as engineer then was laid off. I realize the market is very tight. So i look out for other opportunities such as doing business dev/procurement but still in oil and gas industry. just at the moment try to be positive and take any job. As for me, i just want to polish my non technical area first, then after the market is okay. i will try to search for an engineer position again.
*
Well Done Bro. Keep that spirit. Good luck.

I have a friend (American) that been laid off more than one year now. Divorced after he been laid off. Now working all sort of works just to keep him busy and for his family (2 kids).

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post Jul 20 2016, 02:06 PM

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QUOTE(nakjadiDE @ Jul 20 2016, 12:54 AM)
As for me, fresh grad work around 10 months as engineer then was laid off. I realize the market is very tight. So i look out for other opportunities such as doing business dev/procurement but still in oil and gas industry. just at the moment try to be positive and take any job. As for me, i just want to polish my non technical area first, then after the market is okay. i will try to search for an engineer position again.
*
Procurement is good- it will help you back once you are an engineer..Trust me.

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post Jul 20 2016, 03:31 PM

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The email just come in. For tendering purposes. Its a whole PMT list.


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post Jul 20 2016, 03:33 PM

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Contract & Procurement is good if only you involved in a projects. Trust me, I know.

This post has been edited by mohdyakup: Jul 20 2016, 03:34 PM
sukhoi35mk
post Jul 20 2016, 04:28 PM

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but the C&P in SBO KL is more like for R&M..... project procurement and vendor selections are handle by Business Opportunity Management then handover to SBO after project closure.
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post Jul 20 2016, 05:33 PM

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QUOTE(ZZMsia @ Jul 20 2016, 12:29 PM)
None i know for PL installation..Not many projects or even bids now..Try technip asiaflex, I haven't heard of them retrenching. I know its not an installation contractor, but just try
*
I tried already Technip Asiaflex as advertised in JS, but until now i didnt get any feedback from them yet. Might be there is too many applicant or im not suitable for that position mega_shok.gif

QUOTE(nakjadiDE @ Jul 20 2016, 12:54 PM)
As for me, fresh grad work around 10 months as engineer then was laid off. I realize the market is very tight. So i look out for other opportunities such as doing business dev/procurement but still in oil and gas industry. just at the moment try to be positive and take any job. As for me, i just want to polish my non technical area first, then after the market is okay. i will try to search for an engineer position again.
*
Yes, I do applied procurement position but i get any response too. Good to hear to already engaged to a company and you stay current in the industry. Thank you for your positive thought. Keep it up bro and stay current

QUOTE(mohdyakup @ Jul 20 2016, 03:33 PM)
Contract & Procurement is good if only you involved in a projects. Trust me, I know.
*
Yes you are right, how do i venture in that position? Its a bit tough as i didnt get any interview for that position. Only got interviewed from few companies for Project & Installation Engineer position. However, after being shortlisted they finally decided to put the position hiring on hold until further notice. Ive been put on hold 3 times already. Maybe they doing market survey only? ranting.gif
langstrasse
post Jul 20 2016, 07:11 PM

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QUOTE(meonkutu11 @ Jul 20 2016, 01:55 PM)
Well Done Bro. Keep that spirit. Good luck.

I have a friend (American) that been laid off more than one year now. Divorced after he been laid off. Now working all sort of works just to keep him busy and for his family (2 kids).
*
It's really unfortunate, and I know another guy who also got divorced by his wife after being laid off.
Textbook example of "Sudah jatuh ditimpa tangga".


Btw, I just realized that we're now at the 2 year anniversary mark of that epic slide in crude oil price. 2 freaking years man.
azraeil
post Jul 20 2016, 08:51 PM

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Meanwhile

http://www.thestar.com.my/business/busines...n-and-petrofac/
Raitama
post Jul 21 2016, 01:48 AM

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QUOTE(Dagger69 @ Jul 19 2016, 03:38 PM)
I got laid off..again after a year. This time by a T&I Contractor due to cash flow problem and unable to receive further funds from the bank.

Previously I was with an EPC Consultant in KL. I feel like giving up with the industry.
*
Good time to consider. I left the industry and still doing good in new area. No more looking back into O&G. Heard retail not doing so well lately.
efili
post Jul 21 2016, 08:39 AM

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QUOTE(azraeil @ Jul 20 2016, 08:51 PM)
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mohdyakup
post Jul 21 2016, 09:13 AM

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I am at Johor right now hehehehe
kaxe113
post Jul 21 2016, 09:58 AM

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QUOTE(mohdyakup @ Jul 21 2016, 09:13 AM)
I am at Johor right now hehehehe
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woah.. interview kah
mohdyakup
post Jul 21 2016, 11:30 AM

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QUOTE(kaxe113 @ Jul 21 2016, 09:58 AM)
woah.. interview kah
*
Site visit for tender of CUF somewhere at Nusajaya
akib_mullen
post Jul 21 2016, 11:39 AM

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Singgah la SiLC hehe
mohdyakup
post Jul 21 2016, 12:54 PM

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QUOTE(akib_mullen @ Jul 21 2016, 11:39 AM)
Singgah la SiLC hehe
*
On the way laa nie hehe see you at 0200pm
mhyug
post Jul 21 2016, 04:37 PM

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QUOTE(sukhoi35mk @ Jul 20 2016, 11:35 AM)
Deepsea Metro I is in block Limbayong GHA operated by SSPC

Platinum explorer and Nobel Bully II also somewhere nearby too  biggrin.gif
*
i wonder whose getting what with the pcsb exploration work with deepsea metro. will they go with franks, baker halliburton slb

QUOTE(meonkutu11 @ Jul 20 2016, 12:46 PM)
Noble Bully II & Deepwater Nautilus --- Shell
*
i wonder of one of those 2 will be doing the malikai completions work. aug-sept iinm the work will commence

This post has been edited by mhyug: Jul 21 2016, 04:38 PM
thoyol
post Jul 21 2016, 05:52 PM

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QUOTE(meonkutu11 @ Jul 19 2016, 12:09 PM)
I'm not quite understand categorization of the working ppl in term of upstream and downstream..

if working with operating company, for me yes, quite clear...

but let say for consultant company, Technip, Aker, SKP TLO, is there also division for upstream and downstream? I mean, formally/officially.

I know last time onshore engineers in TLO have either domestic or International project division.

Also for FPSO, they are consider as upstream? operations (US), Onshore Engineers (DS)?
*
Unfortunately there is a difference between Upstream and Downstream and it was mainly driven by the market boom 3-4 years ago. As a HR personnel, I'm struggling to maintain the category as the market is driving the separation of category. Companies compete for the talent and decided to pay extra 5k for a Process Engineer with a justification that this candidate will manage a Upstream Gas Separation project. Good for the talent market but bad for the industries.

As a company, if I don't follow the trend I will not be able to hire. We were fighting to maintain the similar base salary as downstream guy but increase the "Upstream allowance" to ensure the overall package is competitive. However the candidates are greedy too. They asked us to increase the base salary equivalent to "Upstream scale" and maintain our offered "Upstream" allowance. Nobody agreed to our proposal. NOBODY.. It not just impacting the technical role, the support/corporate role also impacted by the salary adjustment. HR, Contract, Procurement, Document Control, Admin, Project Secretary. As long they are involved in Upstream project, they demand big bucks.

Now in current market, nobody willing to pay additional or hire that particular talent as they are too expensive and the salary doesn't fit in the downstream business. Not just downstream business but also other industry.

Companies not willing to work together to manage this. Talent not matured enough to think for long term benefits. The whole industry just completely ignorant of this and just focus on who can pay the highest to bring in the talent. Everyone try to dominate and have a the biggest piece of pie in an already small pie. Hence the situation that we are in.
mohdyakup
post Jul 21 2016, 07:25 PM

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Naval Arch fags kambing...

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MEngineer
post Jul 21 2016, 08:06 PM

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QUOTE(ZZMsia @ Jul 20 2016, 02:06 PM)
Procurement is good-  it will help you back once you are an engineer..Trust me.
*
Actually I always wondered what skills/development does a procurement role give?
efili
post Jul 21 2016, 08:34 PM

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QUOTE(MEngineer @ Jul 21 2016, 08:06 PM)
Actually I always wondered what skills/development does a procurement role give?
*
- new tech, people keep promoting new stuff, keeps you updated with current market = sourcing skills
- negotiation skills or making rapport (sure la kita nk save duit company = nego kaw kaw la)
- person who choose the supplier/contractor for a job = hamper during festive cool2.gif (let's not talk about this)
- paperwork / tender prep = project management
- there is commercial and technical side of procurement (both help to increase knowledge) from raw material purchase to prep and end product, etc.

procurement is a powerful job, but if you use it wrongly you will end up in a rabbit hole (but aint all job is like that ? whistling.gif)



mohdyakup
post Jul 22 2016, 05:17 AM

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Dont just stuck doing procurement roles only, must diversified doing Contract (QS) roles too. Else it will be a boring mundane career progression.
mohdyakup
post Jul 22 2016, 06:33 AM

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Shell to trim jobs in deep waters of the Gulf of Mexico

http://www.nst.com.my/news/2016/07/159711/...ment-wife-video
ZZMsia
post Jul 22 2016, 08:01 AM

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QUOTE(mohdyakup @ Jul 21 2016, 05:17 PM)
Dont just stuck doing procurement roles only, must diversified doing Contract (QS) roles too. Else it will be a boring mundane career progression.
*
Yes contracts is good too.. good for understanding in future projects.

sukhoi35mk
post Jul 22 2016, 08:51 AM

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QUOTE
ConocoPhillips to Lay Off Another 1,000 Energy Workers

ConocoPhillips, one of the largest U.S. shale producers, is cutting another 6% of its workforce.

The Houston-based company confirmed Thursday that it will lay off about 1,000 employees this year, mostly from North American energy jobs in the U.S. and Canada. The cuts were outlined in a meeting with management Thursday.

Hundreds of employees will be laid off in Texas, where much of ConocoPhillips's shale oil-and-gas operations are focused, while as many as 300 job cuts will come in Calgary, Alberta, out of its oil-sands division, sources familiar with the matter said.

"We have taken several steps as a company to adapt to lower and more volatile prices and strengthen our position coming out of the downturn," said Daren Beaudo, a spokesman for the company. "Over the past couple years, we've significantly reduced our capital activities and finished some major projects, which left us with more organizational capacity than we need."

Also this week, Royal Dutch Shell PLC laid off 190 offshore workers from its deep water Gulf of Mexico operations, or roughly 25% of that division. The cuts were part of Shell's previously announced plan to trim 2,200 positions globally this year, said Kimberly Windon, a company spokeswoman.

"We are making these changes in order to remain competitive and better position Shell's Gulf of Mexico projects for future growth," she said.
sukhoi35mk
post Jul 22 2016, 08:54 AM

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QUOTE
Halliburton Sheds More Jobs, Looks to North America Recovery

Halliburton Co. cut another 5,000 jobs in the second quarter as it positioned itself for a recovery in North America in the second half of the year.

The world’s largest provider of hydraulic-fracturing work reported a loss of $3.21 billion, or $3.73 a share, compared with net income of $54 million, or 6 cents, a year earlier, according to a statement Wednesday. Excluding certain items, the loss was 14 cents a share, better than the 19-cent average loss of 38 analysts’ estimates compiled by Bloomberg. More than a third of the company’s workforce has been eliminated since the downturn began in late 2014.

"We believe the North America market has turned," Chief Executive Officer Dave Lesar said in the statement. "We expect to see a modest uptick in rig count during the second half of the year."


Lesar’s prediction in April that the U.S. rig count would bottom out in the second quarter has so far proved true. As rigs become more efficient, U.S. explorers will need less than half the rigs they used during the last peak, President Jeff Miller told analysts and investors Wednesday on a conference call, adding that "900 is the new 2,000."

Staff Cuts

The company cut nearly 9 percent from from its global headcount in the second quarter, leaving staff at 50,000, Emily Mir, a spokeswoman, wrote in an e-mail.

Halliburton, which generates nearly half its sales from the U.S. and Canada, reported a North American operating loss of 8.2 percent, more than triple its first quarter drop. Sales dropped 43 percent compared with a year earlier.

The company expects to stem the losses in North America and break even by the first quarter of next year, Chief Financial Officer Mark McCollum said on the call. He also forecast that the operating loss margin should improve by 100 to 200 basis points in the third quarter.


"Price negotiations have been a bar-room brawl," Miller said. "In certain situations, as we’ve seen signs of recovery, we’ve elected to walk away from money-losing jobs in recent months."

"I don’t think many people had high expectations for the second quarter, given that even in the quarter the rig count was still dropping," said Rob Desai, an analyst at Edward Jones in St. Louis who rates the shares a buy and owns none. "The outlook was the most important thing."

Halliburton fell 1.8 percent to $44.39 at 12:03 p.m. in New York along with other oilfield contractors.

Spending Cuts

The first three months of the year finally saw all four of the world’s biggest oil services providers move into the red in North America. To survive the worst oil market downturn in a generation, explorers have slashed spending by half in the region. Halliburton is about halfway to its goal of cutting $1 billion in its annual costs, which is expected to be achieved by the end of the year, Miller said.

In May, Halliburton called off a $28 billion merger with Baker Hughes Inc. after facing resistance from regulators in the U.S. and Europe over antitrust concerns. The company paid Baker Hughes a $3.5 billion breakup fee during the second quarter.

Halliburton took a promissory note from "its primary customer" in Venezuela in exchange for $200 million of outstanding trade receivables, according to the statement.

McCollum said at an investor conference last month that the company has a "need to really hit the brakes" in Venezuela because it’s not getting paid for the work being done there. The company said in May the amount it was owed in the country rose 7.4 percent in the first quarter to $756 million.

Schlumberger Ltd., the biggest oil services provider, is scheduled to report second-quarter results on Thursday.
TSmeonkutu11
post Jul 22 2016, 09:09 AM

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To add on:

QUOTE
Schlumberger cuts 8000 more jobs


Oilfield services giant Schlumberger slashed 8000 jobs in the second quarter of 2016 amid sluggish activity driven by low oil prices.

mohdyakup
post Jul 22 2016, 09:18 AM

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PTTEP wins rights to explore block in Malaysia

PTT Exploration and Production (PTTEP) has won the rights for exploration of an offshore petroleum resource block in Malaysia's Sarawak state, according to the company's chief executive Somporn Vongvuthipornchai.

He said the seismic survey and one exploration well would be conducted for the three-year exploration period.

PTTEP HK Offshore Ltd, a subsidiary of PTTEP; KUFPEC Malaysia and Petronas Carigali signed a production sharing contract with Petroliam Nasional Berhad (Petronas) for the exploration of the Block SK410B.

"Malaysia is renowned as being an area in Southeast Asia of high petroleum potential. From 2011-15 oil and gas were discovered continually and SK410B is situated in an area where there have been considerable natural gas discoveries. Furthermore the acquisition of this block is in alignment with PTTEP's strategy for future growth," said Mr Somporn.

PTTEP will be the operator of the exploration Block SK410B, which is located in shallow water in offshore Sarawak.

PTTEP HK Offshore Limited will hold 42.5%, while its joint venture partners KUFPEC and Petronas Carigali will hold 42.5% and 15% respectively, he said.

PTTEP and its partners plan to conduct 3D seismic surveys and drill one exploration well during the three-year exploration period.

The company currently invests in petroleum exploration, development and production in 38 projects in 11 countries including the Malaysia-Thailand Joint Development Area.
mohdyakup
post Jul 22 2016, 09:48 AM

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Sabah Energy to Set up Malaysia's First Micro LNG Plant

http://oglinks.news/article/1b180e/sabah-e...micro-lng-plant
meteoraniac
post Jul 22 2016, 09:49 AM

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World’s Largest Jack-up, Noble Lloyd Noble delivered by Jurong Shipyard


Stamp
post Jul 22 2016, 10:42 AM

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QUOTE(mohdyakup @ Jul 22 2016, 09:48 AM)
Sabah Energy to Set up Malaysia's First Micro LNG Plant

http://oglinks.news/article/1b180e/sabah-e...micro-lng-plant
*
good news for harvesting gas offshore Sabah if the LNG plant come through. and hope it gets bigger, more gas needed.

but I wonder the gas nak feed which industry in Sabah?
adix4
post Jul 22 2016, 05:26 PM

ich bin eine Katze :3
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teringin nak ambik course crane operator lepastu main dengan crane sad.gif

best kot sad.gif
jianh
post Jul 23 2016, 10:33 AM

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QUOTE(ZZMsia @ Jul 18 2016, 01:40 PM)
Assisting a friend here, Piping engineer with 10-15 years of experience in both client and consultant side..He has been let go..Anyone know of any vacancies?? Upstream guy
*
Friend got let go from AEI? I see that you're Aker? Do correct me if I'm wrong. notworthy.gif

This post has been edited by jianh: Jul 23 2016, 10:35 AM
mohdyakup
post Jul 23 2016, 12:32 PM

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QUOTE(Stamp @ Jul 22 2016, 10:42 AM)
good news for harvesting gas offshore Sabah if the LNG plant come through. and hope it gets bigger, more gas needed.

but I wonder the gas nak feed which industry in Sabah?
*
Gas power plant, two actually planned to be built by Ranhill E&C at eastern seaborne of Sabah
mohdyakup
post Jul 24 2016, 01:43 AM

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Pokemon Go and oil price berpisah tiada? Lulz.

http://seekingalpha.com/article/3988592-po...raze-oil-prices
mohdyakup
post Jul 24 2016, 12:19 PM

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Shipbuilding

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Stamp
post Jul 24 2016, 07:40 PM

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This year is definitely a DRY year in O&G.

Unlike previous years, I haven't gotten a single invitation from O&G service providers for Hari Raya Open House.

Probably they have "closed" Raya celebration.......

This post has been edited by Stamp: Jul 24 2016, 07:42 PM
mohdyakup
post Jul 24 2016, 10:31 PM

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QUOTE(Stamp @ Jul 24 2016, 07:40 PM)
This year is definitely a DRY year in O&G.

Unlike previous years, I haven't gotten a single invitation from O&G service providers for Hari Raya Open House.

Probably they have "closed" Raya celebration.......
*
Entertainment budget for client takde allocation boss ehehehehe
azraeil
post Jul 25 2016, 09:37 AM

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No Buka Puasa and No Raya Open House. Most of the companies I know, the owners will send a personal invitation to attend their open house at their home which I prefer anyway.
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post Jul 25 2016, 10:34 AM

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QUOTE
Keppel Sees Prolonged Dearth Of Oil-Rig Orders Amid Glut

(Bloomberg) -- Keppel Corp., the world’s largest builder of oil rigs, sees little prospect of an improvement in global demand amid a supply surplus that’s caused quarterly profit to fall to the lowest in almost a decade.

The company may consider reducing its workforce and mothballing some facilities in its rig-building operations because of excess capacity, the Singapore-based company said Thursday. Keppel Offshore & Marine Ltd. has already shrunk its workforce by about 11,000 and subcontractor headcount by some 8,500 since 2015, according to Chief Executive Officer Chow Yew Yuen.

"It’s about hunkering down," Keppel Corp. Chief Executive Officer Loh Chin Hua said at a briefing. "What we have seen in the industry, it’s not just about oil prices. We have to look at the oversupply of rigs and the current situation with the traditional customers."

Keppel sees a long, harsh "winter" in its rig-building business after net income fell 48 percent in the second quarter to S$205.8 million ($152 million). The company is among Asian shipyards that have cut jobs and are considering dock closures after oil prices more than halved in two years, leading to a slump in orders for offshore drilling and production, deferrals and cancellations.

The company has been hit by non-payments from one of its biggest clients, Sete Brasil Participacoes SA, which filed for bankruptcy protection in April.

Shares of Keppel fell as much as 1.8 percent to S$5.48 and traded at S$5.50 as of 9:27 a.m. in Singapore, while smaller rival Sembcorp Marine Ltd. dropped 2.6 percent to S$1.485. The stocks have both fallen about 15 percent this year, compared with a 1.8 percent advance in the benchmark Straits Times Index.

Keppel said the order outlook is weak because of oversupply of oil rigs and falling day rates, or the fees charged to lease a drilling rig. Demand is expected to return eventually when oil companies curb falling production and replenish declining reserves to meet the world’s requirements for fossil fuels. Revenue at Keppel fell 37 percent on year to S$1.63 billion in the second quarter.

The company has requests to defer delivery of three jackups for Grupo R, a Mexican energy company, and one jackup for Uruguay-based Parden Holding to next year, and will be compensated, it said. Jackup rigs are used in shallow waters and have extendable legs that allow them to stand on the ocean floor.

The offshore division has secured more than S$460 million of new orders in the year to date, with deliveries stretching into 2021. Its orderbook stood at S$4.3 billion at the end of June, falling from S$9 billion at the end of December 2015. The contract backlog excludes orders from Sete Brasil, for which Keppel has stopped construction pending payment.

"Even if new orders materialize in the coming quarters, we reckon that operating margins on those contracts will likely be mid-high single digit at best," Royston Tan, an analyst at Daiwa Capital Markets in Singapore, wrote in a note.

Sete Brasil accounts for a combined $10.5 billion in orders for semi-submersibles and drill ships at Keppel and Sembcorp Marine. The Brazilian company fell into financial difficulty after it was unable to secure long-term financing and its only client, state-run oil producer Petroleo Brasileiro SA, faced allegations of kickbacks.

The investigations into the scandal have wiped out nearly half of Brazil’s naval industry jobs in the past two years, leaving companies bankrupt and creditors unpaid. Keppel and Sembcorp Marine have yards in that country to cater to demand.

Other Asian shipbuilders face a similar situation as orders have dwindled. South Korean shipyards such as Daewoo Shipbuilding & Marine Engineering Co. are seeking to raise a combined 8.41 trillion won ($7.4 billion) selling assets as part of a restructuring, which also includes job cuts, after delivery delays led to losses last year.

Keppel’s property and real estate division was the biggest contributor to second-quarter profit and cushioned the impact of weak results in the offshore and marine business.

"A silver lining for Keppel is the resilient trend of urbanization in Asia, buoyed by a growing middle class and continuing rural-urban migration," it said.

While the company is confident in the long-term fundamentals of the offshore and marine industry, "we are mindful that a long downturn may be upon us and we have to position our business accordingly," Keppel Corp. CEO Loh said.


This post has been edited by sukhoi35mk: Jul 25 2016, 10:35 AM
ZZMsia
post Jul 25 2016, 01:46 PM

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Rumors of a bailout for THHE is filling the political atmosphere now!
yunodie
post Jul 25 2016, 01:59 PM

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QUOTE(ZZMsia @ Jul 25 2016, 01:46 PM)
Rumors of a bailout for THHE is filling the political atmosphere now!
*
jumped from 8c to 0.14c now. Story a bit plz.... China coming?
ZZMsia
post Jul 25 2016, 01:59 PM

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QUOTE(yunodie @ Jul 25 2016, 01:59 AM)
jumped from 8c to 0.14c now. Story a bit plz.... China coming?
*
Rafizi said bailout!

yunodie
post Jul 25 2016, 02:02 PM

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QUOTE(ZZMsia @ Jul 25 2016, 01:59 PM)
Rafizi said bailout!
*
please bail out at 50c. Then whole malaysia happy rclxm9.gif rclxm9.gif rclxm9.gif
ZZMsia
post Jul 25 2016, 03:40 PM

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QUOTE(Stamp @ Jul 24 2016, 07:40 AM)
This year is definitely a DRY year in O&G.

Unlike previous years, I haven't gotten a single invitation from O&G service providers for Hari Raya Open House.

Probably they have "closed" Raya celebration.......
*
Takde budget la..

mohdyakup
post Jul 25 2016, 04:11 PM

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Aku dah cakap tunggu THHE price turun 2 sen or 1 sen baru aku beli HEHEHEHEHEHEHE
yunodie
post Jul 25 2016, 05:24 PM

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QUOTE(mohdyakup @ Jul 25 2016, 04:11 PM)
Aku dah cakap tunggu THHE price turun 2 sen or 1 sen baru aku beli HEHEHEHEHEHEHE
*
7c lowest x sampai the 1-2c already jumped bro. you missed the boat! tongue.gif
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post Jul 25 2016, 05:48 PM

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QUOTE(ZZMsia @ Jul 25 2016, 01:46 PM)
Rumors of a bailout for THHE is filling the political atmosphere now!
*
Who is bailing?
Stamp
post Jul 25 2016, 06:05 PM

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QUOTE(prophetjul @ Jul 25 2016, 05:48 PM)
Who is bailing?
*
Should I move my saved pension money in TH to some place else?

Where to?
Stamp
post Jul 25 2016, 06:06 PM

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QUOTE(prophetjul @ Jul 25 2016, 05:48 PM)
Who is bailing?
*
Cash rich parent company laaa, obviously! Poor THaji!
ZZMsia
post Jul 25 2016, 06:35 PM

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Cash-strapped TH Heavy Engineering Bhd, whose share price had surged in active trade recently, has attracted the attention of Bursa Malaysia Securities.

At 5pm, its share price was up 4.5 sen to 16 sen – the biggest increase in recent months. There were 133 million shares done.
A news report said TH Heavy is believed to be close to securing a RM700mil contract to build at least two boats for the Malaysian Maritime Enforcement Agency.

Earlier, StarBiz reported the future of TH Heavy came under the radar following concerns that it may not be able to deliver the anchor production facility for Japan’s JX Nippon-operated Layang field development - a project touted to take it out of its flagging fortunes. of Bursa Malaysia Securities.

ZZMsia
post Jul 25 2016, 06:35 PM

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QUOTE(Stamp @ Jul 25 2016, 06:06 AM)
Cash rich parent company laaa, obviously! Poor THaji!
*
Bail by federal Govt.. th might have had enough.
azraeil
post Jul 25 2016, 06:57 PM

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QUOTE(ZZMsia @ Jul 25 2016, 06:35 PM)
Bail by federal Govt.. th might have had enough.
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TH only controls 30% of the share kan?
mohdyakup
post Jul 25 2016, 08:24 PM

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QUOTE(yunodie @ Jul 25 2016, 05:24 PM)
7c lowest x sampai the 1-2c already jumped bro. you missed the boat! tongue.gif
*
Cant afford 7cent price too risky haha
mohdyakup
post Jul 25 2016, 08:44 PM

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The possibility of China fabricator buying THHE is true now. But I prefer Korean fabricator rather than China hmmm
yunodie
post Jul 25 2016, 10:04 PM

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QUOTE(mohdyakup @ Jul 25 2016, 08:44 PM)
The possibility of China fabricator buying THHE is true now. But I prefer Korean fabricator rather than China hmmm
*
someone already sold his soul to china for bailouts of energy companies in return for his silence on the reclamation of reefs at South china sea.

dont be surprised of further asset sales to china.

prophetjul
post Jul 25 2016, 10:25 PM

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QUOTE(mohdyakup @ Jul 25 2016, 08:44 PM)
The possibility of China fabricator buying THHE is true now. But I prefer Korean fabricator rather than China hmmm
*
Nothing of value in THHE,is there?

Apart from the yards, what else?
mohdyakup
post Jul 25 2016, 11:09 PM

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QUOTE(prophetjul @ Jul 25 2016, 10:25 PM)
Nothing of value in THHE,is there?

Apart from the yards, what else?
*
Strategic location of Port Klang yard
meteoraniac
post Jul 26 2016, 10:28 AM

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QUOTE(mohdyakup @ Jul 25 2016, 08:44 PM)
The possibility of China fabricator buying THHE is true now. But I prefer Korean fabricator rather than China hmmm
*
buyout cheap cheap fabrication yard under heavy discount then fabcricate chinese naval ships for the Spratly Islands??

sukhoi35mk
post Jul 26 2016, 10:34 AM

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Reality sets in..... lower for longer and expecting more cut cut cut...

QUOTE
Oil closes at the lowest since April 25 amid threat of global glut

Oil prices fell on Monday, with U.S. crude slipping to a 3-month low on rising concerns that a global glut of crude and refined products would pressure markets.

Data from market intelligence firm Genscape pointed to an inventory rise of 1.1 million barrels at the Cushing, Oklahoma delivery base for U.S. crude futures in the week to July 22, said traders who saw the numbers.

Investors have become less optimistic that markets will balance quickly amid a massive overhang in refined products, particularly gasoline, despite forecasts for record U.S. summer driving.

"We've got gasoline stocks that are through the roof ... And you have the specter of turnaround season not too far in the horizon," Robert Yawger, senior vice president of energy futures at Mizuho Securities USA said.

Yawger cut his price target on U.S. crude to $40 from $45 a barrel.

The threat of resurgent U.S. oil production with the rise of drilling rigs and a strong dollar added to the gloomy sentiment in the market, traders and brokers said.

Brent crude futures were trading at $44.65 a barrel by 4;25 p.m ET, down $1.04 cents or 2.28 percent from their previous close. The contract fell to an intraday low of $44.55, a low going back to May 10.

U.S. crude settled down $1.06, or 2.4 percent, at $43.13 a barrel and was last down $1.14, or 2.58 percent, at $43.05 a barrel, having earlier touch $42.97, their lowest level since April 26.

The settle marked the lowest since April 25, when oil settled at $42.64 per barrel.

"Supply continues to return from disruptions, refined products are severely oversupplied, crude demand is falling well short of product demand, and key product demand is decelerating," Morgan Stanley said in a note.

The decline in U.S. output has been key to balancing a market that has been grappling with excess crude for nearly two years, but with prices recovering from 12-year lows, signs of drilling activity have re-emerged.

U.S. drillers added oil rigs for a fourth consecutive week, according to last week's data from a closely followed report by energy services firm Baker Hughes.

But it could be premature to assume it could lead to a rise in production, some analysts said.

"Although drilling activity is now at its highest level since the end of March, it is still 30 percent below the level at which it found itself at the beginning of the year." Commerzbank analysts said in a note.

Barclays bank said global oil demand in the third quarter of 2016 was expanding at less than a third of the year-earlier rate, weighed down by anemic economic growth.

Globally, demand support from developed economies had faded, while growth from China and India had slowed, Barclays said.

New tensions in Libya highlight that the OPEC member is unlikely to see a significant boost to its oil exports any time soon, after the national oil corporation said it objected to a deal to reopen key ports.
ZZMsia
post Jul 26 2016, 11:10 AM

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QUOTE(sukhoi35mk @ Jul 25 2016, 10:34 PM)
Reality sets in..... lower for longer and expecting more cut cut cut...
*
It's very low already...is SLB hiring?

mohdyakup
post Jul 26 2016, 11:16 AM

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QUOTE(sukhoi35mk @ Jul 26 2016, 10:34 AM)
Reality sets in..... lower for longer and expecting more cut cut cut...
*
Slides from today DNV GL seminar... Another 4 years slowdown...


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mohdyakup
post Jul 26 2016, 11:17 AM

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QUOTE(meteoraniac @ Jul 26 2016, 10:28 AM)
buyout cheap cheap fabrication yard under heavy discount then fabcricate chinese naval ships for the Spratly Islands??
*
Ini semua salahan sapa? Owai tongue.gif dry.gif
meteoraniac
post Jul 26 2016, 11:21 AM

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QUOTE(mohdyakup @ Jul 26 2016, 11:16 AM)
Slides from today DNV GL seminar... Another 4 years slowdown...
*
abg kat maya hotel now ke ?
sukhoi35mk
post Jul 26 2016, 11:32 AM

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QUOTE(ZZMsia @ Jul 26 2016, 11:10 AM)
It's very low already...is SLB  hiring?
*
no idea...not with SLB tongue.gif
sukhoi35mk
post Jul 26 2016, 11:39 AM

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QUOTE(mohdyakup @ Jul 26 2016, 11:16 AM)
Slides from today DNV GL seminar... Another 4 years slowdown...
*
i bet this crisis will be very different due to shale players.... once the industry shows some sign of recovery.... these shale players will come out from hibernate mode and start fracking and they have no quota in the US.... just with approx USD6.5mil, anyone can craft their destiny to become next Rockefeller in the US.. biggrin.gif

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feekle
post Jul 26 2016, 01:54 PM

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QUOTE(kengyan @ Jul 26 2016, 01:24 PM)
If someone wants to see oil price at its prime price of > $80, it is quite simple, 7 nuclear missiles in total required. 1 to Qatar's gas field, 1 at UK's BG's gas field, follow by 2 to Saudi's oil field, 1 to Texas oil field and 1 to Iran and Iraq.
*
No ppl in their right mind would want destruction for the sake of their own earnings.
feekle
post Jul 26 2016, 02:00 PM

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QUOTE(kengyan @ Jul 26 2016, 01:58 PM)
Then what we can do now is, enjoying lower oil price and prepared to get slaughtered on job.
*
Diversify. Why tunnel vision? Is there any other things u cant do?
sukhoi35mk
post Jul 26 2016, 03:48 PM

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QUOTE

BP Profit Tumbles 45% on Lower Oil, Weaker Refining Results

BP Plc, the first oil major to report second-quarter results, said earnings fell 45 percent as lower crude prices continued to erode income and refining margins shrank.

Profit adjusted for one-time items and inventory changes dropped to $720 million from $1.3 billion a year earlier, the company said Tuesday. That missed the $819 million average estimate of 13 analysts surveyed by Bloomberg. Downstream earnings, which include refining, declined 19 percent.

Refining margins were the lowest for the second quarter since 2010 and will continue to be under “significant pressure,” BP said. Although Brent crude’s rebound provided some relief compared with the first quarter, Chief Executive Officer Bob Dudley still faces a difficult road ahead as the rally fades amid slowing demand growth and returning production from Canada to Nigeria. BP’s results are likely to be an indication of how the other oil majors will perform.

Brent averaged $47.03 a barrel in the quarter compared with $63.50 a barrel a year earlier and $35.21 a barrel in the first quarter of this year. The decline that began in mid-2014 forced explorers to delay projects, cut billions of dollars of spending and eliminate thousands of jobs.

BP invested just $8.1 billion in the first half, allowing it to tweak its spending forecast for the year to less than $17 billion from “about” $17 billion, according to a statement. As well as cutting expenditure, Dudley is taking on more debt so he can continue to pay dividends, the company’s top financial priority.

At the end of the second quarter, net debt totaled $30.9 billion, up from $24.8 billion a year earlier. Net debt to capital, also called gearing, was at 24.7 percent, compared with 18.8 percent previously, according to the statement. The company announced a quarterly dividend of 10 cents a share.

Cost-cutting means BP will be able to balance cash flow with shareholder payouts and capital spending at an oil price of $50 to $55 a barrel next year, the company said. Benchmark Brent is currently trading below $45 a barrel in London.

BP’s shares have risen 24 percent in London this year following two years of declines. That compares with a 36 percent gain at Royal Dutch Shell Plc and a 2.4 percent increase for Total SA.

Production for the second quarter was 2.09 million barrels of oil equivalent a day, 1 percent lower than a year earlier. Third-quarter output will continue to fall because of maintenance and the impact of a plant shutdown at a gas plant in the Gulf of Mexico, BP said.

Downstream earnings fell to $1.51 billion from $1.87 billion. While oil’s lows had previously boosted income for BP’s refineries as they benefit from cheaper crude, margins have been contracting. Global refining margins averaged $13.80 a barrel in the quarter through June, and have dropped to $10.70 a barrel this month, according to the company’s website.

At the same time, the rebound in crude prices is petering out. Production shuttered by wildfires in Canada and by militant attacks in Nigeria is returning and shale drillers in the U.S. are bringing back some rigs. While there’s still consensus that the worst of the oil glut is over, the International Energy Agency cautioned this month that “the road ahead is far from smooth.”

Shell and Total are scheduled to publish earnings on Thursday, and Exxon Mobil Corp. and Chevron Corp. the following day.

mohdyakup
post Jul 26 2016, 03:51 PM

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BP Aspac Malaysia are still going strong with Project Harimau hehehehe
Stamp
post Jul 26 2016, 03:52 PM

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QUOTE(kengyan @ Jul 26 2016, 02:06 PM)
Basically I prefer low price, high slashing of manpower, as I no need to pay more for finished products. Already few years leave O&G work, apparently I made the right move. Oil price high that time I'm not getting benefit after all.
*
Poor you (pura-pura sympathy).

Just because you didn't play it right during the oil price boom, there's no need to hold grudges towards the industry and the peoples in the industry.


mohdyakup
post Jul 26 2016, 03:58 PM

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QUOTE(meteoraniac @ Jul 26 2016, 11:21 AM)
abg kat maya hotel now ke ?
*
Balik dah. Half day event jer. A refreshing session for a noobs like me who know a little about floater industry. Spoken with your MD Mr Hernando Caceres about his insight of this industry slowdown which greatly impacting floater industry as a whole. Nice chap. Aku datang nie pun just for connection sake and exchanging name card and to promote my company credentials for marine solution and offshore skid fabrication.
TSmeonkutu11
post Jul 26 2016, 04:24 PM

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My VP shared his view about the current and upcoming market;
- Jack up market will be tough next year but will see some recovery starting 2018. Worse situation for deepwater which will see not much recovery until 2020. The needs to remove/scrap 100/100 (jackup/deepwater rigs) to make the market balanced itself.

- Southeast Asia Is badly hitted for the first time which will see rigs oversupply. But good jack ups will stand to get contracts.

- Will see some market pick up 2018 onwards for jack ups,tender bidding starts to active back But the problem will be the cabotage law. The company will be looking into JV with locals but for the high value asset and almost no profit (low dayrate), it will be hard to get the locals to join/fund for JV.

- Overall the market environment also will be changed. Not many drilling companies will survive, asset write off, especially for the drillers that only highly focus on deepwater..

- some shipyards also will not be survived...

- on the last note, the first indication for market will slowly pick up is increasing land rigs, followed by jack ups..

This post has been edited by meonkutu11: Jul 26 2016, 04:26 PM
efili
post Jul 26 2016, 04:30 PM

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QUOTE(mohdyakup @ Jul 26 2016, 03:58 PM)
Balik dah. Half day event jer. A refreshing session for a noobs like me who know a little about floater industry. Spoken with your MD Mr Hernando Caceres about his insight of this industry slowdown which greatly impacting floater industry as a whole. Nice chap. Aku datang nie pun just for connection sake and exchanging name card and to promote my company credentials for marine solution and offshore skid fabrication.
*
ayam cannot make it today
sungguh ayam !!!!!! vmad.gif vmad.gif
SUSRorschach85
post Jul 26 2016, 06:14 PM

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A North Sea oil worker has claimed staff are working on a “ticking time-bomb” as a dispute over changes to pay and conditions rumbles on.

More than 400 workers across eight of Shell’s platforms are set to stage the first in a series of strikes next week after RMT and Unite union members voted in favour of industrial action.

Workers have spoken to Energy Voice anonymously about their concerns over changes to their pay as well as morale offshore, which they said is the “lowest it has ever been”.

One worker, who has worked for Wood Group for a decade, said the pressures of job consultations, changes to equal time rotas and negotiations of pay had all been catalysts for strike action.

He said: “I have worked offshore for 10 years on the same Shell asset. I think the strike is happening now because the boys working offshore have had enough. We’re working on a ticking time-bomb and we’re working in a very dangerous environment.

“There’s been a lot of unrest and now they’re trying to offer us terms and conditions which are quite barbaric and phoning us at home when they’re not supposed to.

“I got a phone call at 8:30pm the other night telling me I really needed to look at my contract and get it signed and sent away.”

It’s understood some of the changes in dispute between employees and Wood Group are to salary structure which includes “inclusive payments”.

There were payments for overtime, nightshift, Christmas and New Year paid regardless of what was actually worked by staff member.

The new terms and conditions mean workers will be paid a base salary while additional elements of overtime and other holiday payments will be paid as staff work them.

The worker said his current pay deal could see a reduction in salary by as much as £20,000.

He said: “My current pay deal has been £68,000 and now they’ve come back to us with a figure of £53,000 of which £5,500 of that is for holiday so my basic payment is £48,000.

“It’s £20,000 less than my previously salary – they’re having a laugh. The pay cut we’re being expected to take is so severe.

“They’re cutting our sickness benefits, holidays. It’s the worst morale I have ever come across in my life. It’s horrific, the boys are just totally deflated.

“I do a lot of safety work offshore and I genuinely believe that it is a disaster waiting to happen because the boys’ focus is gone.

“I have always really enjoyed my job but it’s getting to the point now where I hate it. As well as changes to our conditions and pay, we’ve also been going through a relentless cycle of job
consultations.

“With the changes to the rota to equal time we are working an extra five weeks a year with no change to pay.

“The reason boys are finally striking is because our hand has been forced. I have a family to think about and it’s got to the point where the amount we’re being expected to lose – it’s too much money.

“If we don’t do this now, it’s going to affect every single individual in the North Sea and have a massive impact.

“I would rather be unemployed than take this pay cut.”

The first strike action will take place on Tuesday, July 26th with unions warning there will be further stoppages as the summer goes on unless the dispute with Wood Group is resolved.

A Wood Group spokeswoman said: “Our employees’ safety and welfare is our priority, and although we are extremely disappointed that they have chosen to take industrial action, we respect their
right to do so.

“We continue to engage proactively and openly with our employees and the unions with a focus on reaching a resolution. Safeguarding these jobs in the North Sea now and in the future has always been, and remains our priority

Ang moh pay also low..wow
langstrasse
post Jul 26 2016, 06:49 PM

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» Click to show Spoiler - click again to hide... «

QUOTE
“I would rather be unemployed than take this pay cut.”

Now that's an interesting quote. A lot of people in the industry would strongly disagree.
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post Jul 26 2016, 08:11 PM

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-

This post has been edited by meonkutu11: Jul 26 2016, 08:38 PM
mhyug
post Jul 26 2016, 10:36 PM

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QUOTE(kengyan @ Jul 26 2016, 01:24 PM)
If someone wants to see oil price at its prime price of > $80, it is quite simple, 7 nuclear missiles in total required. 1 to Qatar's gas field, 1 at UK's BG's gas field, follow by 2 to Saudi's oil field, 1 to Texas oil field and 1 to Iran and Iraq.
*
QUOTE(feekle @ Jul 26 2016, 01:54 PM)
No ppl in their right mind would want destruction for the sake of their own earnings.
*
donald j trump . soon very soon. devil.gif

wew were back to low 50s. well i think its expected . we plough on until kita terima panggilan.
BaRT
post Jul 27 2016, 12:23 AM

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QUOTE(ZZMsia @ Jul 25 2016, 06:35 PM)
Cash-strapped TH Heavy Engineering Bhd, whose share price had surged in active trade recently, has attracted the attention of Bursa Malaysia Securities.

At 5pm, its share price was up 4.5 sen to 16 sen – the biggest increase in recent months. There were 133 million shares done.
A news report said TH Heavy is believed to be close to securing a RM700mil contract to build at least two boats for the Malaysian Maritime Enforcement Agency.

Earlier, StarBiz reported the future of TH Heavy came under the radar following concerns that it may not be able to deliver the anchor production facility for Japan’s JX Nippon-operated Layang field development - a project touted to take it out of its flagging fortunes. of Bursa Malaysia Securities.
*
Nippon FPSO fakap already.
Kinabalu PCC project in process of termination by PCSB.
ZZMsia
post Jul 27 2016, 07:39 AM

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QUOTE(langstrasse @ Jul 26 2016, 06:49 AM)
» Click to show Spoiler - click again to hide... «


Now that's an interesting quote. A lot of people in the industry would strongly disagree.
*
So, be it. Resign and formalize your complaint! ranting.gif ranting.gif ranting.gif ranting.gif
ZZMsia
post Jul 27 2016, 07:40 AM

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QUOTE(BaRT @ Jul 26 2016, 12:23 PM)
Nippon FPSO fakap already.
Kinabalu PCC project in process of termination by PCSB.
*
They have no experience in the said new SOW. What makes anyone think they can do it?? Even vendors don't want to work with them..

sukhoi35mk
post Jul 27 2016, 10:01 AM

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major acquisition still possible in current O&G crisis...

more competitors for MLNG..




QUOTE
Exxon snaps up InterOil in LNG push as Oil Search bows out


ExxonMobil Corp (XOM.N) said on Thursday it would buy InterOil Corp (IOC.N) for more than $2.5 billion in stock, adding a gas field to expand exports from Papua New Guinea and better positioning it to meet Asian demand for liquified natural gas.

Oil majors are targeting Papua New Guinea for growth as the quality of its gas, low costs and proximity to Asia's big LNG consumers make it one of the most attractive places to develop projects following a collapse in oil and gas prices.

"I think (the deal) shows that Exxon views LNG as a very strong growth business. I believe that LNG demand over time will grow faster than oil," said Brian Youngberg, oil analyst with Edward Jones in Saint Louis.

Exxon sealed the deal for InterOil after Australia's Oil Search Ltd (OSH.AX) said earlier on Thursday that it would not pay more than the $2.2 billion it offered in May, a proposal that was backed by French giant Total SA (TOTF.PA).

InterOil owns a 36.5 percent stake in the Elk-Antelope gas field, which is operated by Total. The acquisition will give Exxon interests in six licenses in Papua New Guinea covering about four million acres.

Oil Search said it and Total agreed that letting Exxon take over would help speed up development of the Elk-Antelope field.

Exxon said it would pay InterOil shareholders $45 per share in stock and that it would also make an additional cash payment based on the size of the Elk-Antelope field.

That payment is worth $7.07 per share for each trillion cubic feet equivalent (tcfe) of certified gross resource from the field above 6.2 tcfe and up to a maximum of 10 tcfe.

Exxon said it would evaluate processing of gas from the Elk-Antelope field by expanding its LNG export plant in Papua New Guinea. Oil Search also owns a stake in the LNG plant.

The plant is a 6.9 million ton per annum integrated project operated by Exxon. The gas is sourced from seven fields and Elk-Antelope gas could be used to feed an expansion.

"It will be interesting to watch how Exxon pursues the development of InterOil's gas resources. Will it be by expanding the existing LNG plant already operating in the country, or building a brand-new project?," said Pavel Molchanov, an energy analyst with Raymond James.

Credit Suisse (Australia) Ltd, Morgan Stanley and UBS are InterOil's financial advisers, while Wachtell, Lipton, Rosen & Katz and Goodmans provided legal advice.
prophetjul
post Jul 27 2016, 11:45 AM

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QUOTE(BaRT @ Jul 27 2016, 12:23 AM)
Nippon FPSO fakap already.
Kinabalu PCC project in process of termination by PCSB.
*
Think LTH has been songlapped.

What a disgrace!
DuFfz
post Jul 27 2016, 11:50 AM

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QUOTE(ZZMsia @ Jul 27 2016, 07:40 AM)
They have no experience in the said new SOW. What makes anyone think they can do it?? Even vendors don't want to work with them..
*
Business approach, approach high ranking individuals, make friends, award project, No experience no problem, we can get the right people to do the job at the right price.
In the end...

This post has been edited by DuFfz: Jul 27 2016, 11:52 AM
kaxe113
post Jul 27 2016, 03:57 PM

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QUOTE(kengyan @ Jul 27 2016, 02:59 PM)
European have some tongkat policy for unemployed. So they sure can no need to have a work.
Malaysia have robbing policy if unemployed.
*
+1
ZZMsia
post Jul 27 2016, 04:59 PM

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QUOTE(Rorschach85 @ Jul 26 2016, 06:14 AM)
A North Sea oil worker has claimed staff are working on a “ticking time-bomb” as a dispute over changes to pay and conditions rumbles on.

More than 400 workers across eight of Shell’s platforms are set to stage the first in a series of strikes next week after RMT and Unite union members voted in favour of industrial action.

Workers have spoken to Energy Voice anonymously about their concerns over changes to their pay as well as morale offshore, which they said is the “lowest it has ever been”.

One worker, who has worked for Wood Group for a decade, said the pressures of job consultations, changes to equal time rotas and negotiations of pay had all been catalysts for strike action.

He said: “I have worked offshore for 10 years on the same Shell asset. I think the strike is happening now because the boys working offshore have had enough. We’re working on a ticking time-bomb and we’re working in a very dangerous environment.

“There’s been a lot of unrest and now they’re trying to offer us terms and conditions which are quite barbaric and phoning us at home when they’re not supposed to.

“I got a phone call at 8:30pm the other night telling me I really needed to look at my contract and get it signed and sent away.”

It’s understood some of the changes in dispute between employees and Wood Group are to salary structure which includes “inclusive payments”.

There were payments for overtime, nightshift, Christmas and New Year paid regardless of what was actually worked by staff member.

The new terms and conditions mean workers will be paid a base salary while additional elements of overtime and other holiday payments will be paid as staff work them.

The worker said his current pay deal could see a reduction in salary by as much as £20,000.

He said: “My current pay deal has been £68,000 and now they’ve come back to us with a figure of £53,000 of which £5,500 of that is for holiday so my basic payment is £48,000.

“It’s £20,000 less than my previously salary – they’re having a laugh. The pay cut we’re being expected to take is so severe.

“They’re cutting our sickness benefits, holidays. It’s the worst morale I have ever come across in my life. It’s horrific, the boys are just totally deflated.

“I do a lot of safety work offshore and I genuinely believe that it is a disaster waiting to happen because the boys’ focus is gone.

“I have always really enjoyed my job but it’s getting to the point now where I hate it. As well as changes to our conditions and pay, we’ve also been going through a relentless cycle of job
consultations.

“With the changes to the rota to equal time we are working an extra five weeks a year with no change to pay.

“The reason boys are finally striking is because our hand has been forced. I have a family to think about and it’s got to the point where the amount we’re being expected to lose – it’s too much money.

“If we don’t do this now, it’s going to affect every single individual in the North Sea and have a massive impact.

“I would rather be unemployed than take this pay cut.”

The first strike action will take place on Tuesday, July 26th with unions warning there will be further stoppages as the summer goes on unless the dispute with Wood Group is resolved.

A Wood Group spokeswoman said: “Our employees’ safety and welfare is our priority, and although we are extremely disappointed that they have chosen to take industrial action, we respect their
right to do so.

“We continue to engage proactively and openly with our employees and the unions with a focus on reaching a resolution. Safeguarding these jobs in the North Sea now and in the future has always been, and remains our priority

Ang moh pay also low..wow
*
This must be Wood grp PSN; Wonder how is their salary scheme in Malaysia? How about Wood Kenny-JP Kenny..Ok Salary?


lem_an
post Jul 27 2016, 05:10 PM

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QUOTE(ZZMsia @ Jul 27 2016, 04:59 PM)
This must be Wood grp PSN; Wonder how is their salary scheme in Malaysia? How about Wood Kenny-JP Kenny..Ok Salary?
*
WG Mustang & Kenny da lay off org and implement paycut since last april pun
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post Jul 27 2016, 05:36 PM

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JP-Morgan-Inaugural-Energy-Equity-Conference-Presentation


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siacw04
post Jul 27 2016, 06:31 PM

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£48000 per month still complaining😠
SUSRorschach85
post Jul 27 2016, 07:37 PM

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QUOTE(siacw04 @ Jul 27 2016, 07:31 PM)
£48000 per month still complaining😠
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I think its per year not month
sukhoi35mk
post Jul 27 2016, 08:33 PM

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so, world's first FLNG starts production already? since already onsite for quite sometime... smile.gif

user posted image

This post has been edited by sukhoi35mk: Jul 27 2016, 08:58 PM
mohdyakup
post Jul 27 2016, 08:35 PM

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QUOTE(sukhoi35mk @ Jul 27 2016, 08:33 PM)
so, world's first FLNG starts production already? since already onsite for quite sometime... smile.gif
*
First gas delay to October
mohdyakup
post Jul 27 2016, 08:45 PM

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Process fags kambing...

» Click to show Spoiler - click again to hide... «

mohdyakup
post Jul 28 2016, 03:43 AM

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Shell nak jual North Sabah field asset. Ada betul ka?
ZZMsia
post Jul 28 2016, 07:39 AM

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QUOTE(mohdyakup @ Jul 27 2016, 03:43 PM)
Shell nak jual North Sabah field asset. Ada betul ka?
*
Believable.. They abandoned it last year (the redevelopment)

ZZMsia
post Jul 28 2016, 07:41 AM

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QUOTE(lem_an @ Jul 27 2016, 05:10 AM)
WG Mustang & Kenny da lay off org and implement paycut since last april pun
*
Yes, reduced working hours I heard....... Not much greenfield jobs..... kenny is more on Pipelines and flow assurance..
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post Jul 28 2016, 08:33 AM

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QUOTE(kengyan @ Jul 27 2016, 10:35 PM)
48000 a month are more on senior consultant post, but for a year, it is quite low for European own citizen. Have to check in which country that fellow are and how much tax he is paying. Not to mention cost of living.
*
It's per year. In the UK, when they talk about salary, it's almost always annual salary rather than monthly salary. Unless you're a premiership footballer, where you talk about weekly salary.
48,000 per year is manager level for non oil and gas companies, so 48,000 offshore is probably for technician level jobs.
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post Jul 28 2016, 08:38 AM

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QUOTE(mohdyakup @ Jul 28 2016, 03:43 AM)
Shell nak jual North Sabah field asset. Ada betul ka?
*
aku dgr perkabaran yg sama, tp xde sapa nak beli lg.
Maybe will sell to China's company
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post Jul 28 2016, 09:16 AM

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QUOTE(BaRT @ Jul 28 2016, 08:38 AM)
aku dgr perkabaran yg sama, tp xde sapa nak beli lg.
Maybe will sell to China's company
*
I heard Sinopec and CNPC are interested to buy this asset
mohdyakup
post Jul 28 2016, 09:18 AM

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Makan-makan Raya for today. Company kawan saya nie. Dia jemput datang. So saya jemput korang semua ahahahaha




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azraeil
post Jul 28 2016, 09:24 AM

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QUOTE(mohdyakup @ Jul 28 2016, 09:16 AM)
I heard Sinopec and CNPC are interested to buy this asset
*
Semua kena dapat MPM approval. Tak dapat approval tak yah citer hehehe.
mohdyakup
post Jul 28 2016, 09:29 AM

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QUOTE(azraeil @ Jul 28 2016, 09:24 AM)
Semua kena dapat MPM approval. Tak dapat approval tak yah citer hehehe.
*
Exactly hehe.

Jom gi Chorus tengah hari nanti boss hehehehe
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post Jul 28 2016, 09:41 AM

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QUOTE(mohdyakup @ Jul 27 2016, 09:18 PM)
Makan-makan Raya for today. Company kawan saya nie. Dia jemput datang. So saya jemput korang semua ahahahaha
*
Wah so near KLCC...Hmmmmm

prophetjul
post Jul 28 2016, 10:17 AM

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QUOTE(mohdyakup @ Jul 28 2016, 03:43 AM)
Shell nak jual North Sabah field asset. Ada betul ka?
*
Old news.
prophetjul
post Jul 28 2016, 10:18 AM

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QUOTE(ZZMsia @ Jul 28 2016, 07:39 AM)
Believable.. They abandoned it last year (the redevelopment)
*
Absconded from their commitments of the EOR i believe
kuli99
post Jul 28 2016, 10:26 AM

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http://www.businesstimes.com.sg/companies-...irectors-resign

Aiyaahh.. bad news
ZZMsia
post Jul 28 2016, 11:08 AM

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QUOTE(prophetjul @ Jul 27 2016, 10:18 PM)
Absconded from their commitments of the EOR i believe
*
Yes but this speculation is onthe existing field and operations
prophetjul
post Jul 28 2016, 11:09 AM

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QUOTE(ZZMsia @ Jul 28 2016, 11:08 AM)
Yes but this speculation is onthe existing field and operations
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The EOR condition comes with the field
sukhoi35mk
post Jul 28 2016, 11:10 AM

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rewind the clock back to november 2015, when Shell launches the Plaza Shell in KK; the chairman mentions another deep water project is coming in sabah.... currently, sabah is the biggest oil producer in malaysia by producing 50% of total 600,000 bpd of malaysia production...shell's contribution is 60% of Sabah production and planning to increase the stake...

This post has been edited by sukhoi35mk: Jul 28 2016, 11:20 AM
Frank3
post Jul 28 2016, 11:10 AM

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QUOTE(kuli99 @ Jul 28 2016, 10:26 AM)
More will come....bye swiber
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post Jul 28 2016, 12:15 PM

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QUOTE(kuli99 @ Jul 28 2016, 10:26 AM)
were you working with them?
I believe this company are working in JV with Indo fabricator for Zawtika 1c


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post Jul 28 2016, 12:37 PM

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Malaysia's PBJV Clinches $9.4M T&I Contract for SKO Field Off Sarawak

Barakah Offshore Petroleum Berhad, an offshore oil and gas services provider, disclosed Wednesday that its wholly-owned subsidiary company, PBJV Group Sdn Bhd has received the 2016 work scope for the transportation and iInstallation of riser guards in SKO Field, Sarawak, offshore Malaysia.

The workscope in the four month long-contract covers the transportation and Installation of 10 riser guards to 7 platforms in SKO Field, with completion expected in end-October.

Barakah said the contract from SKO Field operator PETRONAS Carigali Sdn Bhd, the upstream arm of Malaysia's national oil company PETRONAS, is worth $9.4 million (MYR 38.2 million).
azraeil
post Jul 28 2016, 12:47 PM

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QUOTE(mohdyakup @ Jul 28 2016, 09:29 AM)
Exactly hehe.

Jom gi Chorus tengah hari nanti boss hehehehe
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Ari ni whole dah meeting boh. AJK infill ngan Kapal Decomm. Thursday is project progress meeting day.
mrlolo
post Jul 28 2016, 01:14 PM

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http://www.thestar.com.my/business/busines...s-us113mil-job/

SapKen still trying to survive sweat.gif
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post Jul 28 2016, 01:17 PM

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QUOTE(Frank3 @ Jul 28 2016, 11:10 AM)
More will come....bye swiber
*
Hopefully it will be advantage to TLO. One of Swiber's project in vietnam already handed over to TLO
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post Jul 28 2016, 01:28 PM

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QUOTE(kengyan @ Jul 27 2016, 10:35 PM)
48000 a month are more on senior consultant post, but for a year, it is quite low for European own citizen. Have to check in which country that fellow are and how much tax he is paying. Not to mention cost of living.
What cost of living? You are working there, earning there and spending there. If u compare dollar to dollar, the cost of living in Malaysia is higher. Yes u may pay more taxes, but the benefits you get in return compared to the crap we get here far outweighs the high tax bill.

You need to research more before just commenting la bro.
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post Jul 28 2016, 01:29 PM

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QUOTE(kengyan @ Jul 28 2016, 09:39 AM)
Well, even in Malaysia, most O&G post are 1-3 steps higher pay than other field.
Only if ure comparing to Malaysian companies. If u compare to other MNC's, I would say quite a number of them earn more than O&G personnel of the same level.
cybermaster98
post Jul 28 2016, 01:36 PM

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QUOTE(kengyan @ Jul 26 2016, 02:06 PM)
Basically I prefer low price, high slashing of manpower, as I no need to pay more for finished products. Already few years leave O&G work, apparently I made the right move. Oil price high that time I'm not getting benefit after all.
I think this shows a clear failure on your part to strategize your career path to maximise the potential of the O&G sector at that time. Similar to the failures/limitations ure facing in your investments.

I would recommend a change of attitude first. Then doors might open up for you. biggrin.gif
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post Jul 28 2016, 03:38 PM

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QUOTE
Total Profit Beats Estimates as Cost Cuts Deepen Amid Slump

Total SA said profit fell 30 percent in the second quarter, beating analysts’ estimates as deeper cost cuts and rising production helped the French company offset the slump in crude prices and strikes at its domestic refineries.

Adjusted net income was $2.17 billion in the period, compared with $3.09 billion a year earlier, the company based in Courbevoie near Paris said in a statement Thursday. Analysts had expected a profit of $1.82 billion, according to the average of eight estimates compiled by Bloomberg.

“Efforts to reduce operating costs are continuing to bear fruit and we will surpass the $2.4 billion cost reduction target for this year,” Chief Executive Officer Patrick Pouyanne said in the statement. “In the downstream, results and cash generation remained strong at the same level compared to the first quarter of 2016.”




Two years into the oil price slump, major producers and their suppliers remain under pressure to cut costs and increase cash flow. The rebound in crude from a 12-year low reached in January is fading amid slowing demand growth and a surplus of fuels including gasoline. BP Plc posted a 45 percent drop in adjusted profit for the second quarter, due in part to lower refining margins.

Total shares rose at much as 1.2 percent and traded at 43.08 euros at 9:01 a.m. in Paris, 39 euro cents higher. The stock has risen 3.8 percent this year.

“The beat was largely driven by the upstream division,” analysts from Exane BNP Paribas said in an note. “We’d expect the shares to perform strongly this morning.”

Adjusted net operating income at Total’s refining and chemicals division fell 25 percent from a year earlier to $1.02 billion, partly due to refinery outages in Europe and the U.S., the company said.




In the exploration and production business, adjusted net operating income fell 28 percent to $1.13 billion. Oil and gas production increased by 5 percent from a year earlier to 2.42 million barrels of oil equivalent a day, the company said. Total reiterated plans to boost output by 4 percent this year, helped by the restart of the Kashagan project in Kazakhstan in the second half.

The French company maintained its plan to cut costs by more than $3 billion by 2017 compared with 2014. So-called organic investments in 2016 will be in the range of $18 billion to $19 billion, down from $23 billion in 2015, the company said in the statement.

Total aims to adapt to lower oil prices by cutting spending to a level where it can fund dividends from cash flow at a crude price of about $60 a barrel in 2017. The company is currently borrowing money to make shareholder payouts. The group’s net debt rose to $29.8 billion at the end of the first half, up from $25.6 billion a year earlier.

Total reiterated a target to “generate” $2 billion from asset sales, net of acquisitions such as battery maker Saft earlier this year. China’s Sinochem Group and buyout firms such as CVC Capital Partners are interested in buying its specialty chemicals division Atotech for as much as 4 billion euros ($4.4 billion), people familiar with the matter told Bloomberg last week.

Net income fell 30 percent in the quarter to $2.09 billion, the company said. Sales dropped 17 percent percent to $37.2 billion. Total is maintaining its interim dividend at 61 euro cents a share, according to the statement.
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Royal Dutch Shell says 2nd Q earnings fell 72 percent

LONDON (AP) — Royal Dutch Shell says second-quarter earnings fell 72 percent as low oil prices challenge the profitability of the business.

The Anglo-Dutch company said Thursday that profit adjusted for changes in the value of inventories and excluding one-time items dropped to $1.05 billion from $3.76 billion in the same period of 2015. Net income fell 71 percent to $1.18 billion.

CEO Ben van Beurden said Thursday that "lower oil prices continue to be a significant challenge across the business."

Shell has been cutting costs and selling assets to adjust to lower oil prices. It says it is "firmly on track" to deliver $40 billion in savings by the end of the year.

Brent crude dropped to a 12-year low of $27.10 a barrel in January.

cybermaster98
post Jul 28 2016, 04:12 PM

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QUOTE(comfyguy2 @ Jul 28 2016, 04:02 PM)
he is the reincarnation of supersound, just here to troll due to failure in real life.
That's what many forumers are saying.
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post Jul 28 2016, 07:51 PM

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QUOTE(meonkutu11 @ Jul 28 2016, 12:37 PM)
Malaysia's PBJV Clinches $9.4M T&I Contract for SKO Field Off Sarawak

Barakah Offshore Petroleum Berhad, an offshore oil and gas services provider, disclosed Wednesday that its wholly-owned subsidiary company, PBJV Group Sdn Bhd has received the 2016 work scope for the transportation and iInstallation of riser guards in SKO Field, Sarawak, offshore Malaysia.

The workscope in the four month long-contract covers the transportation and Installation of 10 riser guards to 7 platforms in SKO Field, with completion expected in end-October.

Barakah said the contract from SKO Field operator PETRONAS Carigali Sdn Bhd, the upstream arm of Malaysia's national oil company PETRONAS, is worth $9.4 million (MYR 38.2 million).
*
Good luck to Carigali PMT who will have to deal with PBJV half baked team.

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post Jul 28 2016, 07:55 PM

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QUOTE(mohdyakup @ Jul 28 2016, 03:43 AM)
Shell nak jual North Sabah field asset. Ada betul ka?
*
Ya, but no takers.

PACs waiting for Shell to relinquish the field to Petronas. And Petronas to set better T&Cs to potential bidders.
mohdyakup
post Jul 29 2016, 12:34 AM

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Aku dah hantar CV kat PBJV for CA roles tapi sampai sekarang tak panggil2 tebiu lagi hhhnngggghhhhhhhhhhhhhh
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post Jul 29 2016, 02:00 AM

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QUOTE(comfyguy2 @ Jul 28 2016, 04:02 PM)
he is the reincarnation of supersound, just here to troll due to failure in real life.
*
Lulz no komen. This thread dedicated for healthy discussion & information sharing. Troll2 bashing are not allowed here, nanti saya babap pungkoq orang2 yang troll ini hehehehe drool.gif flex.gif
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post Jul 29 2016, 03:06 AM

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TLO won TANAP T&I project. Cukurlah.
mohdyakup
post Jul 29 2016, 06:41 AM

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Pexco dikhabarkan sudah hampir tutup kedai? Ada betul ka?
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post Jul 29 2016, 08:45 AM

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QUOTE(mohdyakup @ Jul 29 2016, 12:34 AM)
Aku dah hantar CV kat PBJV for CA roles tapi sampai sekarang tak panggil2 tebiu lagi hhhnngggghhhhhhhhhhhhhh
*
ko mintak gaji besau sgt kot...hahaha
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post Jul 29 2016, 11:09 AM

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the thing about oil .. is when oil prices are up .. every single thing ... is up ... prices and services you name it ...

But when oul price goes down .. prices of stuff wont go down ... where is the equation of demand and elasticity of economics rule in here ?
mohdyakup
post Jul 29 2016, 12:17 PM

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QUOTE(BaRT @ Jul 29 2016, 08:45 AM)
ko mintak gaji besau sgt kot...hahaha
*
Current & Expected salary aku letak "Available Upon Request" jer I didnt put any figure huhuhuhuhu cry.gif cry.gif cry.gif
ZZMsia
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QUOTE(mohdyakup @ Jul 29 2016, 12:17 AM)
Current & Expected salary aku letak "Available Upon Request" jer I didnt put any figure huhuhuhuhu  cry.gif  cry.gif  cry.gif
*
No wonder no reply haha..Looks like we are in the low price zone for the long term.

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post Jul 29 2016, 02:07 PM

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just need some career advice, wise to join shell as a business analyst (downstream, cyberjaya) nowadays?

This post has been edited by ljy1: Jul 29 2016, 02:17 PM
mohdyakup
post Jul 29 2016, 02:43 PM

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Join jer Shell Cyber. Tak salah. Get connected with many peoples you can reach.

I always emphasize this to fresh grad - connection, connection, connection. Tak kira apa bangsa dan agama dan keturunan dan kenegerian. Thats the way to survive in O&G industry. Trust me, it will come handy soon.
Dagger69
post Jul 29 2016, 02:56 PM

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QUOTE(kuli99 @ Jul 28 2016, 10:26 AM)
Yeap thats how I lost my job.

Bankrupt and closing down.

Will they pay my salary and claims....God knows.
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post Jul 29 2016, 03:31 PM

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QUOTE(ljy1 @ Jul 29 2016, 02:07 PM)
just need some career advice, wise to join shell as a business analyst (downstream, cyberjaya) nowadays?
*
Downstream Cyberjaya as BA... DS IT? Otd or OtC? C&P?
ljy1
post Jul 29 2016, 04:04 PM

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DS IT? Otd or OtC? C&P?

simple english? new to o&g industry. thx
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post Jul 29 2016, 04:06 PM

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QUOTE(Dagger69 @ Jul 29 2016, 02:56 PM)
Yeap thats how I lost my job.

Bankrupt and closing down.

Will they pay my salary and claims....God knows.
*
sorry to hear that boss.
Have you got another job?
Hope everything will be ok..
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post Jul 29 2016, 05:07 PM

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QUOTE(ljy1 @ Jul 29 2016, 04:04 PM)
DS IT? Otd or OtC? C&P?

simple english? new to o&g industry. thx
*
which Class Of Business (CoB) hiring you? there are few depts there such as Finance, HR, Order To Deliver (OtD), Order To Customer (OtC), Contract & Procurement (C&P), Upstream IT, Downstream (DS) IT etc..

This post has been edited by sukhoi35mk: Jul 29 2016, 05:08 PM
ljy1
post Jul 29 2016, 05:42 PM

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QUOTE(sukhoi35mk @ Jul 29 2016, 05:07 PM)
which Class Of Business (CoB) hiring you?  there are few depts there such as Finance, HR, Order To Deliver (OtD), Order To Customer (OtC), Contract & Procurement (C&P), Upstream IT, Downstream (DS) IT etc..
*
finance

This post has been edited by ljy1: Jul 29 2016, 05:59 PM
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post Jul 29 2016, 06:03 PM

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Pegaga CPP by Mubadala is now game on. Aker will do the front end.

I feel hungry now.
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post Jul 29 2016, 07:44 PM

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PTTEP office kat KL area mana eh?
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post Jul 29 2016, 09:26 PM

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Baru keluar dari oven. Sorry I dont speak Portugal but it seems for Ensco Brazil operation


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post Jul 29 2016, 10:00 PM

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QUOTE(BaRT @ Jul 28 2016, 08:38 AM)
aku dgr perkabaran yg sama, tp xde sapa nak beli lg.
Maybe will sell to China's company
*
QUOTE(mohdyakup @ Jul 28 2016, 09:16 AM)
I heard Sinopec and CNPC are interested to buy this asset
*
nice juai kat kompeni china, lagi senang dia punya kapai perang mai berlabuh tepi platform terus hahaha

QUOTE(mohdyakup @ Jul 29 2016, 09:26 PM)
Baru keluar dari oven. Sorry I dont speak Portugal but it seems for Ensco Brazil operation
*
fuhh "bombeiro"..kerja bom org ke hehe..melawak bro. biggrin.gif
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post Jul 29 2016, 11:59 PM

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QUOTE(mohdyakup @ Jul 29 2016, 09:26 PM)
Baru keluar dari oven. Sorry I dont speak Portugal but it seems for Ensco Brazil operation
*
Nak buat ape ramai2 tu...ade 2 butir jek kt sane..huhu
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post Jul 30 2016, 06:15 AM

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QUOTE(meonkutu11 @ Jul 29 2016, 11:59 PM)
Nak buat ape ramai2 tu...ade 2 butir jek kt sane..huhu
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Semisub mana satu kat sana?
TSmeonkutu11
post Jul 30 2016, 08:11 AM

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QUOTE(mohdyakup @ Jul 30 2016, 06:15 AM)
Semisub mana satu kat sana?
*
6001 & 6002.
Masa ambe kt sane ade 11 butir...kekeke..
cybermaster98
post Jul 30 2016, 01:37 PM

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QUOTE(mohdyakup @ Jul 29 2016, 02:43 PM)
Join jer Shell Cyber. Tak salah. Get connected with many peoples you can reach.

I always emphasize this to fresh grad - connection, connection, connection. Tak kira apa bangsa dan agama dan keturunan dan kenegerian. Thats the way to survive in O&G industry. Trust me, it will come handy soon.
That's valid for all industries actually. If u rely on your own skills without contacts, u wont get far. But just make sure u don't do anything to jeopardise your name or career. Once spoilt, u can never get it back.
alvinkhorfire
post Jul 30 2016, 05:07 PM

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QUOTE(cybermaster98 @ Jul 28 2016, 01:36 PM)
I think this shows a clear failure on your part to strategize your career path to maximise the potential of the O&G sector at that time. Similar to the failures/limitations ure facing in your investments.

I would recommend a change of attitude first. Then doors might open up for you.  biggrin.gif
*
Can you please provide some good methods to strategize our career path?

Your pointers will be good for us newbies, to avoid making mistakes made by others. smile.gif

Vervain
post Jul 30 2016, 06:34 PM

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QUOTE(meonkutu11 @ Jul 28 2016, 12:37 PM)
Malaysia's PBJV Clinches $9.4M T&I Contract for SKO Field Off Sarawak

Barakah Offshore Petroleum Berhad, an offshore oil and gas services provider, disclosed Wednesday that its wholly-owned subsidiary company, PBJV Group Sdn Bhd has received the 2016 work scope for the transportation and iInstallation of riser guards in SKO Field, Sarawak, offshore Malaysia.

The workscope in the four month long-contract covers the transportation and Installation of 10 riser guards to 7 platforms in SKO Field, with completion expected in end-October.

Barakah said the contract from SKO Field operator PETRONAS Carigali Sdn Bhd, the upstream arm of Malaysia's national oil company PETRONAS, is worth $9.4 million (MYR 38.2 million).
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I heard they're also active at the pmo area.

QUOTE(Stamp @ Jul 28 2016, 07:51 PM)
Good luck to Carigali PMT who will have to deal with PBJV half baked team.
*
Are you saying they are run by Incompetent personnel?

QUOTE(mohdyakup @ Jul 29 2016, 12:34 AM)
Aku dah hantar CV kat PBJV for CA roles tapi sampai sekarang tak panggil2 tebiu lagi hhhnngggghhhhhhhhhhhhhh
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QUOTE(mohdyakup @ Jul 29 2016, 06:41 AM)
Pexco dikhabarkan sudah hampir tutup kedai? Ada betul ka?
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Entah. Asyik dgr derang plan to drill since 2014. Tapi tak gerak gerak. Last heard khabar internal management dah tukar.

Dah kat KL ke? Nak dtg lepak takpon TT. Haha

BaRT
post Jul 30 2016, 07:16 PM

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QUOTE(kengyan @ Jul 30 2016, 06:41 PM)
If you want to climb up fast in MNC, you no need to know how to do work, but you need to know how to be a dog, lick the right master and bark the right enemy.
Last time I always believes that : berani kerana benar. But now I will add another line : berani kerana benar, diri pasti binasa.
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Hi supersound
/AxmaD\
post Jul 31 2016, 11:09 PM

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lol, said by someone who faked his payslip
mohdyakup
post Aug 1 2016, 08:33 AM

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Esok open house Raya for SapuraKencana at Grand Hyatt?
[sin]
post Aug 1 2016, 08:37 AM

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QUOTE(alvinkhorfire @ Jul 30 2016, 05:07 PM)
Can you please provide some good methods to strategize our career path?

Your pointers will be good for us newbies, to avoid making mistakes made by others. smile.gif
*
Most importantly, build your own competency. Make yourself good in something, i means, anything technical.

Connection is important but what is the use of it when you are at a high position, high pay but low knowledge. I know you will see people like this everywhere but it is a shame when you start to say something stupid or make a stupid decision at a high position. Well if your face is as thick as some politician you might think it is OK but for me this is incorrigible.

By the way, you are working for a better life, that is why you want a better career growth (and of course, salary) as time goes by. You want freedom of being able to quit your job anytime with enough saving and people fighting to hire you.

Save your dignity, there is no need to be a dog at work.
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post Aug 1 2016, 08:51 AM

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QUOTE(mohdyakup @ Aug 1 2016, 08:33 AM)
Esok open house Raya for SapuraKencana at Grand Hyatt?
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hmmm takde jemputan pun!
mohdyakup
post Aug 1 2016, 09:02 AM

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QUOTE(Stamp @ Aug 1 2016, 08:51 AM)
hmmm takde jemputan pun!
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Saya tengah WhatsApp GM TLO suruh RSVP my company ehehehehe
sukhoi35mk
post Aug 1 2016, 09:16 AM

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QUOTE(ljy1 @ Jul 29 2016, 05:42 PM)
finance
*
so long it's not IT as Cyberjaya no longer an IT hub to shell...downgraded from Global to Regional... pay wise it's better if not on par with some shared service centrals in Malaysia... i do have friends from audit/accounting firms joined SBO-KL finance then resigned awhile due to not challenging enough...i guess it's depending on depts or what u really want from the job.... Shell has another SBO in Manila... good thing is Shell is not stingy when come to training... since u will be BA, so please enroll courses like CBAP, ScrumMaster, etc once u accumulate enough BA hours...
BaRT
post Aug 1 2016, 09:24 AM

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QUOTE(Stamp @ Aug 1 2016, 08:51 AM)
hmmm takde jemputan pun!
*
Nahh...aku jemput semua geng2 lowyat dtg laugh.gif
tak yah jemputan. Ko dtg makan je...hahaha
geng2 sini ada nak pegi x?
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post Aug 1 2016, 09:27 AM

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QUOTE
Alam Maritim on Swiber impact

PETALING JAYA: Alam Maritim Resources Bhd will not feel the heat from financial troubles of its partner, the Singapore-listed Swiber Holdings Ltd.

In fact, Alam Maritim is considering taking over the stake of the troubled-oil and gas (O&G) firm in a project that the companies are working on.

“There is only one project directly contracted with Swiber which is almost fully-completed namely engineering, procurement, construction, installation, commissioning of SK316 development job worth US$76mil,” Alam Maritim group managing director and group chief executive officer Datuk Azmi Ahmad told StarBiz.

The SK316 project is the development of a huge gas field located offshore Sarawak.

The other option for Alam Maritim is to find a new partner to take over Swiber’s role.

He said Alam Maritim had two JV companies with Swiber,

The first is Alam Swiber Offshore (M) Sdn Bhd which is equally owned by Alam Maritim (M) Sdn Bhd and Swiber Offshore Construction.

The second is Alam Swiber DLB 1 (L) Inc, which is 51% owned by Alam Maritim (L) Inc and 49% by Swiber Engineering Ltd.

“The impact is minimal to us as the contribution from the Alam-Swiber JV is not substantial to the Alam Maritim group,” he said.

Swiber, the Singapore-based oilfield services firm was reported to be in talks with its creditors for a possible debt restructuring exercise.

The stock had slumped by nearly 90% since mid-2014, taking its market value to just S$50mil, while the company had flagged delays in orders, raising concerns and sparking demands for cash.

From just 10 vessels in 2006 when it was listed, Swiber had expanded to own and operate a fleet of 51 vessels with more than 2,700 employees across South-East Asia and other countries, according to its website.

Its shares surged after listing, pushing its valuation to S$1.5bil in late-2007, but the stock fell sharply in recent years.

Smaller firm Technics Oil & Gas Ltd was placed under judicial management this month, and analysts said other firms could face difficulties.

Energy and offshore marine companies in Singapore have bonds totalling nearly S$1.2bil due to mature over the next year-and-a-half, with S$615mil due over the next five months, according to IFR, a Thomson Reuters publication.

Alam Maritim, too is facing a challenging period.

On the O&G support services industry, Azmi said the impact of Brexit on the fragile global economy might slow down the recovery of the crude oil prices affecting overall demand and pushing out the rebalancing of the oil market.

“During this challenging period, we are aggressively and continuously embarking on various cost and asset optimisation initiatives to weather the storm,” he said.

Azmi added that Alam Maritim’s vessel utilisation rate was 56%.

“As at June, our order book stood at RM470mil, tender book at RM2.6bil,” he said.

Alam Maritim fell into the red with a net loss of RM19.2mil in the first quarter ended March 31 compared with a net profit of RM8.6mil a year ago.

Its revenue for the quarter shrank to RM48.6mil from RM73.7mil in the corresponding quarter last year.

According to Maybank Kim Eng, the low oil price has resulted in a swift response to cost reduction or renegotiating of contracts, cash conservation due to delayed projects and debts refinancing as well as strategic collaboration exercises.

“It also opened a window of opportunities to exploring mergers and acquisition options.

“About 69 North American exploration and production companies were declared bankrupt between January 2015 and April this year. “Uncertainties and differences in valuation expectations between buyers and sellers are the greatest hurdles. There is currently a buyer-seller mismatch in terms of expectations,” said Maybank Kim Eng in a June report on the sector.
mohdyakup
post Aug 1 2016, 09:40 AM

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QUOTE(BaRT @ Aug 1 2016, 09:24 AM)
Nahh...aku jemput semua geng2 lowyat dtg  laugh.gif
tak yah jemputan. Ko dtg makan je...hahaha
geng2 sini ada nak pegi x?
*
Esok aku confirm pergi!
sukhoi35mk
post Aug 1 2016, 10:20 AM

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QUOTE
Exxon Reports Smallest Profit Since 1999

Lower oil prices continue to punish Exxon Mobil Corp., which reported its weakest quarterly profit in nearly 17 years.

Exxon still earned $1.7 billion in the second quarter. It was, however, down 59 percent from a year ago, and per share income missed Wall Street expectations.

The energy giant cited lower prices for oil and gas and weaker margins from its refining operations.

Chairman and CEO Rex Tillerson said Friday that the results "reflect a volatile industry environment."

The company is cutting exploration spending to manage through the lower prices.

Exxon shares had climbed nearly 30 percent since late January as crude prices rallied from a deep slump. But more recently oil prices have fallen back due to high inventories and the continued sluggish global economy — this week, U.S. oil hit a three-month low, and Exxon shares lost 4 percent through Thursday's close.

Exxon's report followed weak second-quarter results from BP and Shell.

While oil companies are seeing profits shrink, consumers are enjoying the benefit of cheaper energy. The average U.S. price for a gallon of regular gasoline stood at $2.14 on Friday, the lowest price since April, according to auto club AAA.

Gasoline prices are skidding because of high inventories. The decline in pump prices defies the usual pattern of higher prices during summer, when people drive more. Motorists are filling up on the cheapest July gasoline in 12 years, the auto club says.

Exxon's net income was lower than the $1.8 billion it earned in the first quarter and the Texas-based company's smallest profit since the third quarter of 1999, when it earned $1.5 billion.

The profit equaled 41 cents per share, well below the 64 cents per share forecast from 21 analysts surveyed by FactSet. Exxon did not exclude any one-time costs from the per share calculation.

Revenue fell 22 percent, to $57.69 billion.

Exxons production of oil and gas was nearly unchanged, but the comnpany's capital and exploration spending tumbled 38 percent from a year earlier, to $5.2 billion.

Eventually, analysts say, that kind of lower spending by Exxon and its rivals will translate into lower production, smaller supplies and higher prices for oil.

In recent weeks, Exxon announced a major oil discovery off the coast of South America and announced it would pay $2.5 billion for InterOil Corp., a deal designed to grab more of Asias growing demand for natural gas.

Exxon shares fell $2.42, or 2.7 percent, to $87.78 in premarket trading about 30 minutes before Friday's opening bell.
sukhoi35mk
post Aug 1 2016, 10:21 AM

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wondering how Petronas is doing...


QUOTE
Chevron earnings surprise with loss on $2.8 billion in charges


Chevron posted a loss for the second quarter as it reported $2.8 billion in impairments, surprising the Street.


The stock was 1.8 percent lower in premarket trading (See what shares are doing now.)


The San Ramon, California-based company recorded impairments and other charges on assets in its upstream exploration and production business that were expected to produce revenues insufficient to cover costs, Chairman and CEO John Watson said in a statement.

Chevron posted a loss of $1.5 billion, or 78 cents per share, in the second quarter, compared with a profit of $571 million, or 30 cents per share, in the year-earlier period.

Excluding the charges, adjusted earnings per share came in at 35 cents. Analysts polled by Thomson Reuters had expected earnings per share of 32 cents.

Revenues were $29.3 billion, down about 27 percent from $40.4 billion in the second quarter of 2015.


Losses in the company's U.S. and international upstream operations widened from the year-earlier period.

"The second quarter results reflected lower oil prices and our ongoing adjustment to a lower oil price world," said Watson.


Downstream refining earnings also fell on weak refining margins.

Refiners have seen their profit margins squeezed this year as prices rise for crude oil, the feedstock for gasoline. U.S. crude prices rebounded about 85 percent from the lows of January through the end of the second quarter.

Earlier in the oil price downturn, integrated oil companies' refining operations offset battered production segments.

The amount of gasoline sitting in storage in the United States is about 15 percent above the five-year average, RBC Capital Markets said in a note ahead of earnings. As such, the firm expects weak profit margins from refining crude oil into gasoline to persist at least through the spring of 2017.

Chevron left its quarterly dividend unchanged at $1.07 ahead of earnings on Wednesday. The company hasn't raised its dividend since the second quarter of 2014.


The company's cash flow from operations in the first half of 2016 sank more than 60 percent year over year to $3.7 billion.



Earlier this month, a group of integrated oil companies led by Chevron announced it would invest $36.8 billion in a project that will boost production at Kazakhstan's Tengiz field. The investment decision is one of the largest since the beginning of the oil price downturn.
This post has been edited by sukhoi35mk: Aug 1 2016, 10:22 AM
thoyol
post Aug 1 2016, 10:39 AM

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QUOTE(mohdyakup @ Jul 29 2016, 12:17 PM)
Current & Expected salary aku letak "Available Upon Request" jer I didnt put any figure huhuhuhuhu  cry.gif  cry.gif  cry.gif
*
jangan boh. Kena letak figure. Else the HR or manager will put on KIV as most of them need to make an urgent decision whether to interview or not.


mohdyakup
post Aug 1 2016, 10:49 AM

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QUOTE(thoyol @ Aug 1 2016, 10:39 AM)
jangan boh. Kena letak figure. Else the HR or manager will put on KIV as most of them need to make an urgent decision whether to interview or not.
*
But... but typically HR will low ball to unreasonable figure sometimes which will makes me frustrated huhuhuhuhuhu bukan nak memilih tapi itulah kos sara hidup sekarang ini sangat menekan ehehehehehe

Thank you for your pointers anyway smile.gif
thoyol
post Aug 1 2016, 10:58 AM

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QUOTE(mohdyakup @ Aug 1 2016, 10:49 AM)
But... but typically HR will low ball to unreasonable figure sometimes which will makes me frustrated huhuhuhuhuhu bukan nak memilih tapi itulah kos sara hidup sekarang ini sangat menekan ehehehehehe

Thank you for your pointers anyway smile.gif
*
HR bukan lowball. HR will work based on the salary limitation given by the managers. If managers said project only allowed up to RM8,000/mth, HR kena cari within that range laa. We working hand in hand with project managers. If the HR lowball you, it mean that the company/project is really low cost laa boss. Hahaha..

A quick tips for all job seeker out there, if you are seriously looking for an employment - put your salary in accordance to the market benchmark. Where can you get the market benchmark? https://www.hays.com.my/salary-guide/index.htm. Download and see how your position fare in the market.

The salary benchmark represent the actual market salary range.

However if you just looking to sustain your current income which probably above the market, looks for the high end company. A company which probably will pay you above market rate. However most of that type of company are not hiring right now - Shell, Exxon, Halliburton, Schlumberger and etc.


BaRT
post Aug 1 2016, 11:24 AM

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QUOTE(thoyol @ Aug 1 2016, 10:58 AM)
HR bukan lowball. HR will work based on the salary limitation given by the managers. If managers said project only allowed up to RM8,000/mth, HR kena cari within that range laa. We working hand in hand with project managers. If the HR lowball you, it mean that the company/project is really low cost laa boss. Hahaha..

A quick tips for all job seeker out there, if you are seriously looking for an employment - put your salary in accordance to the market benchmark. Where can you get the market benchmark? https://www.hays.com.my/salary-guide/index.htm. Download and see how your position fare in the market.

The salary benchmark represent the actual market salary range.

However if you just looking to sustain your current income which probably above the market, looks for the high end company. A company which probably will pay you above market rate. However most of that type of company are not hiring right now - Shell, Exxon, Halliburton, Schlumberger and etc.
*
tapi..later HR says, we cannot offer 25% more than your current salary. Company policy.
Then how arr? padahal ntah2 ada budget lebih.

forever underpaid cry.gif
thoyol
post Aug 1 2016, 11:47 AM

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QUOTE(BaRT @ Aug 1 2016, 11:24 AM)
tapi..later HR says, we cannot offer 25% more than your current salary. Company policy.
Then how arr? padahal ntah2 ada budget lebih.

forever underpaid  cry.gif
*
Usually if it is within salary range, it is okay. E.g a graduate engineer with 3 years of experience in other company is getting RM 2.5k but in our company the range will be between 4k - 6k. If we are offering RM 4k, it is 60% increase but still within our range.

The issue will arise if the hiring manager insist to hire more than existing staffs at similar job grade/rank in the company.Frankly speaking, I did have encountered 1-2 cases like this and we questioned the hiring manager why do we need to pay the candidate more than the market norm. If it is justifiable and approved by the top management, then we will proceed.

The HR policies exist to protect the overall salary structure integrity. A few exception is a norm provided there is a justification or with a personal-to-holder exception.


This post has been edited by thoyol: Aug 1 2016, 11:48 AM
echobrainproject
post Aug 1 2016, 11:48 AM

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QUOTE(mohdyakup @ Aug 1 2016, 08:33 AM)
Esok open house Raya for SapuraKencana at Grand Hyatt?
*
I thought tonight? I did RSVP but now am offshore working hence would be missing it. Else we all can jumpa
echobrainproject
post Aug 1 2016, 11:51 AM

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QUOTE(BaRT @ Aug 1 2016, 11:24 AM)
tapi..later HR says, we cannot offer 25% more than your current salary. Company policy.
Then how arr? padahal ntah2 ada budget lebih.

forever underpaid  cry.gif
*
haha normal la
you forgot "now nobody is hiring, you must bersyukur I even called you"
thoyol
post Aug 1 2016, 12:00 PM

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QUOTE(BaRT @ Aug 1 2016, 11:24 AM)
tapi..later HR says, we cannot offer 25% more than your current salary. Company policy.
Then how arr? padahal ntah2 ada budget lebih.

forever underpaid  cry.gif
*
but i don't deny there are a lot of companies that practicing this policy. The best thing that you can do is to confront and have a direct chat with the company HR/recruiters, usually the good HR/recruiters will mentioned upfront to avoid wasting time. smile.gif
cybermaster98
post Aug 1 2016, 01:12 PM

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QUOTE(kengyan @ Jul 30 2016, 06:41 PM)
If you want to climb up fast in MNC, you no need to know how to do work, but you need to know how to be a dog, lick the right master and bark the right enemy.
Last time I always believes that : berani kerana benar. But now I will add another line : berani kerana benar, diri pasti binasa.
Aiyoo! U again giving advice ka? Maybe that worked for you la bro. But how far up did u climb anyway? Mind sharing?

I work for a MNC too but I don't think anybody can climb up the ladder without knowing how to work. U need to know your job plus have the right contacts with the right ppl both inside and outside your organisation plus have the correct interpersonal skills. Basically, you need to demonstrate you can be a leader and not just a boss.
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post Aug 1 2016, 01:59 PM

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QUOTE(thoyol @ Aug 1 2016, 10:58 AM)
HR bukan lowball. HR will work based on the salary limitation given by the managers. If managers said project only allowed up to RM8,000/mth, HR kena cari within that range laa. We working hand in hand with project managers. If the HR lowball you, it mean that the company/project is really low cost laa boss. Hahaha..

A quick tips for all job seeker out there, if you are seriously looking for an employment - put your salary in accordance to the market benchmark. Where can you get the market benchmark? https://www.hays.com.my/salary-guide/index.htm. Download and see how your position fare in the market.

The salary benchmark represent the actual market salary range.

However if you just looking to sustain your current income which probably above the market, looks for the high end company. A company which probably will pay you above market rate. However most of that type of company are not hiring right now - Shell, Exxon, Halliburton, Schlumberger and etc.
*
Siap ada App tuuu.
thoyol
post Aug 1 2016, 04:25 PM

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QUOTE(azraeil @ Aug 1 2016, 01:59 PM)
Siap ada App tuuu.
*
Mana ada app boss. Salary guide jer. Hehehe..
mohdyakup
post Aug 1 2016, 04:33 PM

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QUOTE(echobrainproject @ Aug 1 2016, 11:48 AM)
I thought tonight? I did RSVP but now am offshore working hence would be missing it. Else we all can jumpa
*
Tonight is meant for SKPB staffs only across whole groups & subsidiaries.

Tomorrow is for clients & vendors & contractors
echobrainproject
post Aug 1 2016, 10:19 PM

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QUOTE(mohdyakup @ Aug 1 2016, 04:33 PM)
Tonight is meant for SKPB staffs only across whole groups & subsidiaries.

Tomorrow is for clients & vendors & contractors
*
two cannot mix. else all exchange CV. tongue.gif
mohdyakup
post Aug 1 2016, 10:37 PM

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QUOTE(echobrainproject @ Aug 1 2016, 10:19 PM)
two cannot mix. else all exchange CV.  tongue.gif
*
Hahahaha kannnnn baru nak kenen2 hantar CV for TLO TANAP T&I project lulz
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post Aug 2 2016, 09:05 AM

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Oil price: Dip below $40 a barrel opens door to $35 crude

http://www.cnbc.com/2016/08/01/oil-price-d...o-35-crude.html
http://www.telegraph.co.uk/business/2016/0...o-a-standstill/

I am surprise that they are still at the price war... confused.gif

This certainly got me looking out at the market news. Seem like fracking is here to stay and is able to compete with the big boys. And with some encouragement from Warren Buffet whose big bet on Phillip 66 and Suncor Energy, it probably help boosting these fracking boys to compete even more. There is a saying: when the going gets tougher, then tough gets going...

What more, to compete with brains who has the resources and improving tech vs resource rich country. Resulting in cheap oil price and very good for the consumers.

US whose oil reliance to steer their economy is not as reliant as the arab boys. seem like SA will start borrowing more.

as for MYR, laugh.gif
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post Aug 2 2016, 09:28 AM

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Guys, who else nak pegi open house SKPB at Grand Hyatt?
Today from 4-8pm.

X payah RSVP...aku sambut korang depan pintu nanti biggrin.gif
mohdyakup
post Aug 2 2016, 09:36 AM

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The KL office of Peritus International with assistance from the Peritus UK and US offices will provide engineering and design support to SapuraKencana on the recently awarded TANAP project.

http://subseaworldnews.com/2016/07/28/sapu...ract/?uid=44214
mohdyakup
post Aug 2 2016, 09:37 AM

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QUOTE(BaRT @ Aug 2 2016, 09:28 AM)
Guys, who else nak pegi open house SKPB at Grand Hyatt?
Today from 4-8pm.

X payah RSVP...aku sambut korang depan pintu nanti biggrin.gif
*
Baju melayu kaler peach dah aku pakai nie wub.gif
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post Aug 2 2016, 09:50 AM

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South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has received a 200 billion won (US$179.2 million) order to build two oil tankers for Singapore-based oil and gas transporter BW Group.

http://www.marinelink.com/news/build-vlccs-group413290.aspx
BaRT
post Aug 2 2016, 10:30 AM

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QUOTE(mohdyakup @ Aug 2 2016, 09:37 AM)
Baju melayu kaler peach dah aku pakai nie  wub.gif
*
jgn lupa pakai songket, bleh menikah terus....aku bleh jd saksi.
hahaha..
feekle
post Aug 2 2016, 10:46 AM

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QUOTE(Stamp @ Jul 28 2016, 07:51 PM)
Good luck to Carigali PMT who will have to deal with PBJV half baked team.
*
In the eye of the client, there's never a good contractor innocent.gif innocent.gif innocent.gif
mohdyakup
post Aug 2 2016, 10:58 AM

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QUOTE(Vervain @ Jul 30 2016, 06:34 PM)
I heard they're also active at the pmo area.
Are you saying they are run by Incompetent personnel?
Entah. Asyik dgr derang plan to drill since 2014. Tapi tak gerak gerak. Last heard khabar internal management dah tukar.

Dah kat KL ke? Nak dtg lepak takpon TT. Haha
*
Here is the latest info that I got from "semandin" on the street about Pexco hehehehe

QUOTE
They have existing 4 blocks which 2 of the blocks will be expired end of this month. They are trying to delay their commitment wells on the existing blocks. Recently acquired SK303B with the new 3D. I think that's it. MPM did not award them another block in Balingian, I guess


This post has been edited by mohdyakup: Aug 2 2016, 11:02 AM
Stamp
post Aug 2 2016, 11:32 AM

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QUOTE(feekle @ Aug 2 2016, 10:46 AM)
In the eye of the client, there's never a good contractor  innocent.gif  innocent.gif  innocent.gif
*
I spoke from experience. Even the most patient, tolerant clients will be severely frustrated with PBJV's work performance.
sukhoi35mk
post Aug 2 2016, 04:33 PM

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QUOTE
Crude oil slides below $40 for first time since April

Oil prices dropped below $40 for the first time since April as the growing global supply of crude and refined products rekindled worries about a global glut in the oil market.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in September CLU6, -0.27% lost 11 cents, or 0.3%, to $39.95, a barrel, sliding deeper into bear territory. The contract on Monday closed down 21.8% from a 52-week high of $51.23 hit in early June. A bear market is defined as a fall of 20% from a recent peal.

The October contract for Brent crude LCOV6, -0.19%  on London’s ICE Futures exchange slipped 2 cents to $42.12 a barrel.


Oil prices rallied earlier in the summer, thanks to a group of temporary factors, such as wildfires in Canada and oil-worker strikes in Kuwait. But as those interruptions faded, investors have shifted their focus back to the oversupply issues that have beleaguered the oil markets for two years.

“The world is so oversupplied and the pace of rebalance is so slow that even geopolitical factors such as the ongoing civil strife in Nigeria are not enough to offset the fall in prices,” said Gao Jian, an energy analyst at SCI International.

The recent uptrend seen in U.S. oil drilling activities, Libya’s expected return to the oil exporting markets, and the likely output increase by prominent Organization of the Petroleum Exporting Countries members such as Iraq and Iran last month, are also sparking stronger risk-off sentiment across the commodities complex.

OPEC’s July monthly oil report, which also offers the cartel’s own demand and supply outlook, is expected to be released Aug. 10.

Adding to the concerns is the fact that many refineries, both in the U.S. and in Asia, are undergoing their seasonal maintenance period. The reduced refining rate “will add to the supply backlogs as crude flows will have nowhere to go,” said Stuart Ive, a client manager at OM Financial.

“This seasonal drop in prices does still have room to target $35 before maybe reversing toward the end of the year,” he added.

Moreover, while refiners are taking a breather amid lower margins, oil drillers in the U.S. are becoming more encouraged. According to industry group Baker Hughes data, U.S. active oil rigs have risen in the eight of the nine weeks since oil hit $50, lifting the count by 18% over that span.

All eyes will be watching the weekly U.S. oil stockpiles and production report slated for release Wednesday. Based on an estimate by analysts surveyed by S&P Global Platts, U.S. crude stockpiles likely fell 1.9 million barrels last week, while gasoline stocks decreased 400,000 barrels.

Elsewhere in the energy spectrum, gasoline for September RBU6, +0.29%  gained 0.4% to $1.31 a gallon, while natural gas for the same month NGU16, +0.51%  rose 0.5% to $2.78 per million British thermal units.
kaxe113
post Aug 2 2016, 05:19 PM

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Guys,
Anyone heard anything about PGB ASU train 3 project/bid

SUSRorschach85
post Aug 2 2016, 07:00 PM

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Anyone ever heard of HHA associates?

This post has been edited by Rorschach85: Aug 2 2016, 07:00 PM
mohdyakup
post Aug 2 2016, 10:59 PM

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QUOTE(kaxe113 @ Aug 2 2016, 05:19 PM)
Guys,
Anyone heard anything about PGB ASU train 3 project/bid
*
Isnt that the EPCC for this ASU is by Linde right? For Rapid Pengerang project?
mohdyakup
post Aug 2 2016, 11:00 PM

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QUOTE(sukhoi35mk @ Aug 2 2016, 04:33 PM)

*
The market still in deep shit vmad.gif
mohdyakup
post Aug 2 2016, 11:20 PM

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Welders kambing...


Attached thumbnail(s)
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y4ng
post Aug 2 2016, 11:41 PM

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QUOTE(mohdyakup @ Aug 2 2016, 10:59 PM)
Isnt that the EPCC for this ASU is by Linde right? For Rapid Pengerang project?
*
got some issue, too new in Linde to actually know more details.

anyone who needs udara can find me biggrin.gif
azraeil
post Aug 3 2016, 12:15 PM

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QUOTE(thoyol @ Aug 1 2016, 04:25 PM)
Mana ada app boss. Salary guide jer. Hehehe..
*
Ada app. Saya dah download from App store.
mohdyakup
post Aug 3 2016, 01:03 PM

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India issue warrant arrest to Ananda Krishnan. Pexco in jeopardy? Since stakes in Pexco is own by Ananda via Usaha Tegas #Speculation
TSmeonkutu11
post Aug 3 2016, 04:45 PM

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MMHE posts RM7.5mil net loss in 1Q16

http://www.thestar.com.my/business/busines...t-loss-in-1q16/

This post has been edited by meonkutu11: Aug 3 2016, 04:46 PM
TSmeonkutu11
post Aug 3 2016, 11:28 PM

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Bertam FPSO deal falls flat


Lundin Petroleum has been forced to pull the plug on the planned sale of its Bertam floating production, storage and offloading vessel after the counterparty failed to come up with the cash.

mhyug
post Aug 3 2016, 11:28 PM

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akhirnya tutup kedai dgn hess. after 1 oil rich exploration dig, 3 platforms. now mau tunggu their HPHT campaign penat x terkata rclxub.gif . . heard one of the naga's parked at ksb getting the contract .

btw anyone dalam malikai campaign ? opis tgh sibuk nak buat passport shell plak...i heard campaign timeline around 12 months for completion of 12 wells. some dual , water injection 2 3/8, 3.5 n 5.5 confused.gif

tertarik saya dgn diskusi salaries dlm CV, if its a field positions pon penting ka nak letak salary ? im always more of scared it will run the suitors away bila tgk gaji.(lain la exp 20/30 thn..hehe)

This post has been edited by mhyug: Aug 3 2016, 11:31 PM
plataoplomo
post Aug 3 2016, 11:46 PM

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Anybody knows how CHOC doing right now?
ZZMsia
post Aug 4 2016, 08:13 AM

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QUOTE(plataoplomo @ Aug 3 2016, 11:46 AM)
Anybody knows how CHOC doing right now?
*
OK! Just some small modification projects.....Doubt there's any new development

thoyol
post Aug 4 2016, 09:25 AM

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QUOTE(mhyug @ Aug 3 2016, 11:28 PM)
akhirnya tutup kedai dgn hess. after 1 oil rich exploration dig, 3 platforms. now mau tunggu their HPHT campaign penat x terkata rclxub.gif . . heard one of the naga's parked at ksb getting the contract .

btw anyone dalam malikai campaign ? opis tgh sibuk nak buat passport shell plak...i heard campaign timeline around 12 months for completion of 12 wells. some dual , water injection 2 3/8, 3.5 n 5.5 confused.gif

tertarik saya dgn diskusi salaries dlm CV, if its a field positions pon penting ka nak letak salary ? im always more of scared it will run the suitors away bila tgk gaji.(lain la exp 20/30 thn..hehe)
*
niche position mcm abg punya, takkan circulate cv jugak. Definitely nak cari benchmark pun susah. smile.gif
kaxe113
post Aug 4 2016, 09:48 AM

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QUOTE(mohdyakup @ Aug 2 2016, 10:59 PM)
Isnt that the EPCC for this ASU is by Linde right? For Rapid Pengerang project?
*
ahh finally, the new train 3 is for kerteh GPP utilities tie-in expected 2017
yes rapid pengerang by linde
TSmeonkutu11
post Aug 4 2016, 11:50 AM

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QUOTE(mhyug @ Aug 3 2016, 11:28 PM)
akhirnya tutup kedai dgn hess. after 1 oil rich exploration dig, 3 platforms. now mau tunggu their HPHT campaign penat x terkata rclxub.gif . . heard one of the naga's parked at ksb getting the contract .

btw anyone dalam malikai campaign ? opis tgh sibuk nak buat passport shell plak...i heard campaign timeline around 12 months for completion of 12 wells. some dual , water injection 2 3/8, 3.5 n 5.5 :confused:

tertarik saya dgn diskusi salaries dlm CV, if its a field positions pon penting ka nak letak salary ? im always more of scared it will run the suitors away bila tgk gaji.(lain la exp 20/30 thn..hehe)
*
Both perisai and UMW are biddng for this HPHT campaign...
Lubis
post Aug 4 2016, 06:08 PM

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QUOTE(kaxe113 @ Aug 4 2016, 09:48 AM)
ahh finally, the new train 3 is for kerteh GPP utilities tie-in expected 2017
yes rapid pengerang by linde
*
Hmm..this is interesting. thumbup.gif
mohdyakup
post Aug 4 2016, 11:06 PM

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QUOTE(Lubis @ Aug 4 2016, 06:08 PM)
Hmm..this is interesting.  thumbup.gif
*
Eeeeeee sukanya diaaaa wub.gif devil.gif brows.gif
mohdyakup
post Aug 4 2016, 11:09 PM

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Weekend nie I might be going to MMHE for an interview with Hyundai ehehehehehehe
heavenhell
post Aug 5 2016, 11:15 AM

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QUOTE(Frank3 @ Jul 28 2016, 11:10 AM)
More will come....bye swiber
*
sad case bye.gif ... but now still under JM
feekle
post Aug 5 2016, 01:19 PM

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QUOTE(thoyol @ Aug 1 2016, 10:58 AM)
HR bukan lowball. HR will work based on the salary limitation given by the managers. If managers said project only allowed up to RM8,000/mth, HR kena cari within that range laa. We working hand in hand with project managers. If the HR lowball you, it mean that the company/project is really low cost laa boss. Hahaha..

A quick tips for all job seeker out there, if you are seriously looking for an employment - put your salary in accordance to the market benchmark. Where can you get the market benchmark? https://www.hays.com.my/salary-guide/index.htm. Download and see how your position fare in the market.

The salary benchmark represent the actual market salary range.

However if you just looking to sustain your current income which probably above the market, looks for the high end company. A company which probably will pay you above market rate. However most of that type of company are not hiring right now - Shell, Exxon, Halliburton, Schlumberger and etc.
*
the scale is per day?
sukhoi35mk
post Aug 5 2016, 11:17 PM

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Petronas ada retrenchment going on? next time Sarawak maybe going to ban worker from Peninsular malaysia from working there tongue.gif

QUOTE
Worry over hiring trend in Petronas

KUCHING: The abolishment of 29 permanent positions resulting in the retrenchment of 13 experienced staff from Sarawak by Petronas in its upstream restructuring exercise in Sarawak has raised the concern of Suarah Petroleum Group (SPG).

Speaking through a press statement yesterday SPG president Hamin Yusuf said the exercise reflected a ‘quick fix’ mentality behind the management of Petronas which would hamper the development of local skilled workforce and the local job market.

Hamin was responding to the revelation of the restructuring exercise in the last State Legislative Assembly sitting by Industrial, Entrepreneur, Trade and Investment Minister Datuk Amar Awang Tengah Ali Hasan.

Awang Tengah also told the assembly that the expansion of Petronas Sarawak Gas operations had created 251 new positions in Bintulu, in addition to 134 new positions for Train 9 operations and another 234 new positions for Floating LNG Satu.

Awang Tengah was quoted to have said that he hoped Petronas would seriously consider Sarawakians in filling positions for these new operations.

The SPG president noted that the speed in handing the Separation Packages to the 13 Sarawakian staff without first considering re-skilling to fit them into new positions showed that Petronas was insincere in responding to the state government’s demand for more benefits for Sarawakians from the extraction of oil in the state.

“Petronas’ policy towards the state seems to reflect a lack of sensitivity and sense of reality to the local job market and employment of locals.

“As recently as two months ago, 85 positions in MLNG Bintulu were filled mostly by Peninsular Malaysians under the pretext of ‘redeployment’.

These positions are mostly entry level positions or junior managerial positions which can easily be filled by jobless local Sarawakian graduates who are experiencing difficulties in getting jobs under the current economic slowdown.” he said.

Hamin also pointed out that at present only 39 per cent of management positions and 46 per cent of middle management positions are filled by Sarawakians in Petronas Sarawak operations.

“The majority of senior jobs are also filled by non-Sarawakians and the influx of Peninsular Malaysians filling the lower jobs exacerbates the situation for the state,” SPG called on Petronas to take these concerns positively and seriously by strictly complying with the state’s work permit policy which gives priority to qualified Sarawakians.

“This cannot be done by outsourcing non-Sarawakian work permit applications to a third party as what it has now started to do.

SPG raises these concerns as part of its efforts to assist the state government to obtain economic parity with Peninsular Malaysia,” he said.
sukhoi35mk
post Aug 5 2016, 11:19 PM

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QUOTE
Chong wants permits of non-S’wakians in Petronas revoked

PETALING JAYA: The Sarawak Government must revoke the work and immigration permits of non-Sarawakians holding management and middle-management jobs in the state’s branch of Petronas, says Sarawak DAP chief Chong Chieng Jen.

The state Opposition leader made the call, saying that priority must instead be given to Sarawakians when it came to employment by Petronas’s Sarawak operations.

Chong said in November 2014, Sarawak Chief Minister Adenan Satem informed the state assembly that Petronas had agreed to greater Sarawakian participation in terms of human resource, education and technical training.

“Yet, when it comes to employment by Petronas for its operations in Sarawak, Sarawakians are still not given the priority,” he said.
Chong lamented that almost two years after Adenan’s announcement, a majority of senior posts in Petronas in Sarawak were still held by non-Sarawakians.

“Only 39% of management positions and 46% of middle management positions are filled by Sarawakians.

“On the other hand, when it comes to Petronas’s restructuring exercise, the national oil and gas firm is quick to retrench experienced Sarawakian workers without giving consideration for the re-deployment of these workers to other jobs within the Petronas Group,” he said.

Chong said the state government must also take into account that Peninsular Malaysians working for Petronas in Sarawak were required to hold immigration and work permits to enter Sarawak, and the power to issue these permits was the prerogative of the state government.

Thus, he said the state government must aim for a target of at least 70% Sarawakian representation in Petronas’s management and middle management level positions there.

Until that was achieved, Chong suggested the Adenan administration revoke the work and entry permits of Petronas’s present management and middle management staff who are from Peninsular Malaysia.

“It is only by imposing such strong actions that we can get Petronas to accede to our request for more opportunities to be given to Sarawakians.

“When the state government can be quick to ban the entry of Opposition politicians from entering Sarawak during the state election to protect Barisan Nasional’s interest, there is no reason why such powers cannot be exercised to protect the interests of Sarawakians in general when it comes to job opportunities for locals,” Chong said.

Earlier today, it was reported that the Suarah Petroleum Group (SPG), a Sarawakian non-profit organisation had called on Petronas to give priority to Sarawakians when filling vacancies in the oil company’s operations in the state.
howszat
post Aug 6 2016, 12:02 AM

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QUOTE(thoyol @ Aug 1 2016, 10:58 AM)
HR bukan lowball. HR will work based on the salary limitation given by the managers. If managers said project only allowed up to RM8,000/mth, HR kena cari within that range laa. We working hand in hand with project managers. If the HR lowball you, it mean that the company/project is really low cost laa boss. Hahaha..

A quick tips for all job seeker out there, if you are seriously looking for an employment - put your salary in accordance to the market benchmark. Where can you get the market benchmark? https://www.hays.com.my/salary-guide/index.htm. Download and see how your position fare in the market.

The salary benchmark represent the actual market salary range.

However if you just looking to sustain your current income which probably above the market, looks for the high end company. A company which probably will pay you above market rate. However most of that type of company are not hiring right now - Shell, Exxon, Halliburton, Schlumberger and etc.
*

Hays' data on salary is one of the most meaningless I've ever come across.

It has very little resemblance to the real world.

This post has been edited by howszat: Aug 6 2016, 12:03 AM
iamloco
post Aug 6 2016, 07:36 AM

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QUOTE(sukhoi35mk @ Aug 5 2016, 11:17 PM)
Petronas ada retrenchment going on? next time Sarawak maybe going to ban worker from Peninsular malaysia from working there  tongue.gif
*
who the heck is this SPG guy?
mohdyakup
post Aug 6 2016, 07:49 AM

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QUOTE(iamloco @ Aug 6 2016, 07:36 AM)
who the heck is this SPG guy?
*
The right hand man of CM Sarawak - Adenan Satem, ex SSB.
mohdyakup
post Aug 6 2016, 07:49 AM

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SPG members are mostly ex-SSB and ex-PCSB SKO
mohdyakup
post Aug 6 2016, 09:19 AM

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Ehh Pokemon Go sudah officially released! Jangan main Pokemon at offshore rigs and plant environment ya. Always comply to ZeTo and 12 life saving rules hehe
efili
post Aug 6 2016, 10:07 AM

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QUOTE(mohdyakup @ Aug 6 2016, 09:19 AM)
Ehh Pokemon Go sudah officially released! Jangan main Pokemon at offshore rigs and plant environment ya. Always comply to ZeTo and 12 life saving rules hehe
*
agak nya ada kot rare pokemon or gym dekat rigs, dalam plant maybe ada mewtwo hmm.gif
undertaker123
post Aug 6 2016, 10:17 AM

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QUOTE(sukhoi35mk @ Aug 5 2016, 11:17 PM)
Petronas ada retrenchment going on? next time Sarawak maybe going to ban worker from Peninsular malaysia from working there  tongue.gif
*
Yeah..heard that this month also will have retrenchment in petronas ohmy.gif
trd088
post Aug 6 2016, 08:29 PM

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QUOTE(mohdyakup @ Aug 6 2016, 09:19 AM)
Ehh Pokemon Go sudah officially released! Jangan main Pokemon at offshore rigs and plant environment ya. Always comply to ZeTo and 12 life saving rules hehe
*
Don't think offshore fellows can play this game unless it's near shore to get the signal.
langstrasse
post Aug 7 2016, 10:45 AM

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QUOTE(howszat @ Aug 6 2016, 12:02 AM)
Hays' data on salary is one of the most meaningless I've ever come across.

It has very little resemblance to the real world.
*
Could you elaborate please? Is it higher or lower than reality, or is it too general etc.?
yunodie
post Aug 7 2016, 06:22 PM

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QUOTE(trd088 @ Aug 6 2016, 08:29 PM)
Don't think offshore fellows can play this game unless it's near shore to get the signal.
*
Brother, offshore pun ada WiFi la what are you talking about.
azraeil
post Aug 8 2016, 06:58 AM

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QUOTE(mohdyakup @ Aug 6 2016, 07:49 AM)
SPG members are mostly ex-SSB and ex-PCSB SKO
*
Dah freeze work permit. I personally think this is downright stupid. Petronas will then have to transfer out all their Sarawakian back to Sarawak whether they want to or not. Any new recruitment for Sabah and Peninsular or Overseas transfer will be filled with non-Sarawakian since we have to fill up whatever quota that they want us to fill. Does the word career suicide mean anything to you guys? If you are stuck in one position until you retire. That's what it is.
ZZMsia
post Aug 8 2016, 08:32 AM

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QUOTE(azraeil @ Aug 7 2016, 06:58 PM)
Dah freeze work permit. I personally think this is downright stupid. Petronas will then have to transfer out all their Sarawakian back to Sarawak whether they want to or not. Any new recruitment for Sabah and Peninsular or Overseas transfer will be filled with non-Sarawakian since we have to fill up whatever quota that they want us to fill. Does the word career suicide mean anything to you guys? If you are stuck in one position until you retire. That's what it is.
*
Rafizi made a very good case on this matter!

ZZMsia
post Aug 8 2016, 08:33 AM

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QUOTE(ZZMsia @ Aug 7 2016, 08:32 PM)
Rafizi made a very good case on this matter!
*
http://www.sinarharian.com.my/nasional/kuo...ekerja-1.549147

(please read this all).

mohdyakup
post Aug 8 2016, 08:39 AM

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QUOTE(azraeil @ Aug 8 2016, 06:58 AM)
Dah freeze work permit. I personally think this is downright stupid. Petronas will then have to transfer out all their Sarawakian back to Sarawak whether they want to or not. Any new recruitment for Sabah and Peninsular or Overseas transfer will be filled with non-Sarawakian since we have to fill up whatever quota that they want us to fill. Does the word career suicide mean anything to you guys? If you are stuck in one position until you retire. That's what it is.
*
As a Sarawakian, somehow I agree on CM Adenan move.
azraeil
post Aug 8 2016, 08:56 AM

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QUOTE(mohdyakup @ Aug 8 2016, 08:39 AM)
As a Sarawakian, somehow I agree on CM Adenan move.
*
Heh heh. I expect that you do. As a Kelantanese, I'd like to see we get something from the resources taken offshore out state as well ... But Oil and Gas Industry is a global industry, if we start meddling with business operations politically, it is never good. You limit what the business can do and also you limit the career development in the state.

Sarawak gets 10% of GROSS revenue as royalties every year. No cost, no risk, no nothing. Meaning that if the oil and gas field generates a gross revenue of 100 dollars, Sarawak gets 10 dollars no question asked. After the 10 dollars are deducted, baru the cost of getting that 100 dollar is calculated. So if it cost 50 dollars, the contractor will then share the remaining 40 dollars according to the PSC, so kalau it's a 70-30 PSC, then 12 dollars go to the contractor then another 28 goes to Petronas. The 28 dollars that Petronas gets, kena tax pulak PITA at 38%

So beforw we start talking about Sarawak not getting it's due, get our info straight
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post Aug 8 2016, 09:12 AM

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QUOTE(azraeil @ Aug 8 2016, 08:56 AM)
Heh heh. I expect that you do. As a Kelantanese, I'd like to see we get something from the resources taken offshore out state as well ... But Oil and Gas Industry is a global industry, if we start meddling with business operations politically, it is never good. You limit what the business can do and also you limit the career development in the state.

Sarawak gets 10% of GROSS revenue as royalties every year. No cost, no risk, no nothing. Meaning that if the oil and gas field generates a gross revenue of 100 dollars, Sarawak gets 10 dollars no question asked. After the 10 dollars are deducted, baru the cost of getting that 100 dollar is calculated. So if it cost 50 dollars, the contractor will then share the remaining 40 dollars according to the PSC, so kalau it's a 70-30 PSC, then 12 dollars go to the contractor then another 28 goes to Petronas. The 28 dollars that Petronas gets, kena tax pulak PITA at 38%

So beforw we start talking about Sarawak not getting it's due, get our info straight
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I agreed on your points, but as you know, this "Anti-Malaya & Sarawak Pride" things are very sensitive in Sarawak, all I can say is the Putrajaya Federal has been neglecting the pledge of Sarawakian voice on fully involvement in O&G sector, macam sudah terpinggir sekian lama. Ya I should blame the previous leader of Sarawak before Adenan who are kind of weak opposing Putrajaya & Petronas dahulu kala.

I wanted to say more about this issue, but I better keep it to myself as this thread is not /k/. I have no grunge against my fellow Malaya friends, I kawan semua orang tak kira negeri, but... but saya tak boleh tidak ambil peduli jika orang Sarawak saya terpinggir di negeri sendiri which really makes me very sad.

Ya I agree - politic and O&G is very close related to each other, but for the sake of positive discussion in this thread, we should put aside this sentiment for a while.

Cheers.
DuFfz
post Aug 8 2016, 09:58 AM

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QUOTE(mohdyakup @ Aug 8 2016, 09:12 AM)
I agreed on your points, but as you know, this "Anti-Malaya & Sarawak Pride" things are very sensitive in Sarawak, all I can say is the Putrajaya Federal has been neglecting the pledge of Sarawakian voice on fully involvement in O&G sector, macam sudah terpinggir sekian lama. Ya I should blame the previous leader of Sarawak before Adenan who are kind of weak opposing Putrajaya & Petronas dahulu kala.

I wanted to say more about this issue, but I better keep it to myself as this thread is not /k/. I have no grunge against my fellow Malaya friends, I kawan semua orang tak kira negeri, but... but saya tak boleh tidak ambil peduli jika orang Sarawak saya terpinggir di negeri sendiri which really makes me very sad.

Ya I agree - politic and O&G is very close related to each other, but for the sake of positive discussion in this thread, we should put aside this sentiment for a while.

Cheers.
*
As a sarawakian, im with ya bro.. It's nothing personal, have nothing against west malaysia counter part. Hanya orang kita jak paham.
Don't say we are not qualified, cos hell.... we are.

This post has been edited by DuFfz: Aug 8 2016, 09:59 AM
thoyol
post Aug 8 2016, 11:47 AM

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QUOTE(howszat @ Aug 6 2016, 12:02 AM)
Hays' data on salary is one of the most meaningless I've ever come across.

It has very little resemblance to the real world.
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Want the most synchronized/employee reference salary scale? Have to subscribed to Hay salary data tapi makan puluh ribu laa for the subscription. smile.gif For public usage, I'm referring to the available data. Hope it help. If it doesn't, sorry.
hassan_hussein
post Aug 8 2016, 01:32 PM

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QUOTE(DuFfz @ Aug 8 2016, 09:58 AM)
As a sarawakian, im with ya bro.. It's nothing personal, have nothing against west malaysia counter part. Hanya orang kita jak paham.
Don't say we are not qualified, cos hell.... we are.
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how about terengganu?
azraeil
post Aug 8 2016, 01:58 PM

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QUOTE(hassan_hussein @ Aug 8 2016, 01:32 PM)
how about terengganu?
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How about Kelantan? At least you guys got your 5%. We got nada, zilch, zero. Although MTJDA wouldn't be a Malaysian border without Kelantan.
ZZMsia
post Aug 8 2016, 03:10 PM

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QUOTE(azraeil @ Aug 8 2016, 01:58 AM)
How about Kelantan? At least you guys got your 5%. We got nada, zilch, zero. Although MTJDA wouldn't be a Malaysian border without Kelantan.
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Reminds me of the CPOC field there...
TSmeonkutu11
post Aug 8 2016, 03:17 PM

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Greetings from the MOGSEC 2016 Team!

As the ONLY exhibition that prominently showcases Malaysian home grown service providers, MOGSEC provides a platform for showcasing the success stories, capabilities and progress of local and global Oil & Gas service providers.
PETRONAS, MATRADE, MIDA and MPRC are on board supporting the show and will be contributing valuable contents to the show such as the MATRADE International Sourcing Program (INSP) and MPRC Pavilion featuring academic institutions and financial firms.
We are delighted to share that Datuk Wan Zulkiflee Wan Ariffin, the President and CEO of PETRONAS is scheduled to attend as Guest of Honour and officiate the show.
MOGSEC is an ideal avenue for industry players, both big and small, to come together under the same roof and share knowledge, insights, as well as discuss the collective future of the industry.

Look no further, be part of the established line-up together with Boustead Penang Shipyard, Foxboro, Keisha Marine, MMC Oil & Gas Engineering, Muhibbah Engineering, SapuraKencana and VG Offshore by joining MOGSEC 2016. Please view the brochure for MOGSEC 2016 from our website.



Attached File(s)
Attached File  MOGSEC_2016_EP1.pdf ( 1.77mb ) Number of downloads: 53
mhyug
post Aug 8 2016, 06:27 PM

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QUOTE(mohdyakup @ Aug 6 2016, 09:19 AM)
Ehh Pokemon Go sudah officially released! Jangan main Pokemon at offshore rigs and plant environment ya. Always comply to ZeTo and 12 life saving rules hehe
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hehe boleh ja main. kot la nak merasa 'tiket pulang ke darat 1st class ' biggrin.gif
Stamp
post Aug 8 2016, 09:23 PM

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QUOTE(azraeil @ Aug 8 2016, 06:58 AM)
Dah freeze work permit. I personally think this is downright stupid. Petronas will then have to transfer out all their Sarawakian back to Sarawak whether they want to or not. Any new recruitment for Sabah and Peninsular or Overseas transfer will be filled with non-Sarawakian since we have to fill up whatever quota that they want us to fill. Does the word career suicide mean anything to you guys? If you are stuck in one position until you retire. That's what it is.
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http://www.theborneopost.com/2016/08/08/no...ermits-for-now/

sad....
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post Aug 8 2016, 09:25 PM

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QUOTE(mohdyakup @ Aug 8 2016, 08:39 AM)
As a Sarawakian, somehow I agree on CM Adenan move.
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what's next? yawn.gif
leon898
post Aug 8 2016, 09:40 PM

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QUOTE(mohdyakup @ Aug 8 2016, 09:12 AM)
I agreed on your points, but as you know, this "Anti-Malaya & Sarawak Pride" things are very sensitive in Sarawak, all I can say is the Putrajaya Federal has been neglecting the pledge of Sarawakian voice on fully involvement in O&G sector, macam sudah terpinggir sekian lama. Ya I should blame the previous leader of Sarawak before Adenan who are kind of weak opposing Putrajaya & Petronas dahulu kala.

I wanted to say more about this issue, but I better keep it to myself as this thread is not /k/. I have no grunge against my fellow Malaya friends, I kawan semua orang tak kira negeri, but... but saya tak boleh tidak ambil peduli jika orang Sarawak saya terpinggir di negeri sendiri which really makes me very sad.

Ya I agree - politic and O&G is very close related to each other, but for the sake of positive discussion in this thread, we should put aside this sentiment for a while.

Cheers.
*
if want to be racist/ go with 'kenegerian' mentality, peninsular might as well banned workers from sarawak too. cause hell we are more qualified.

just saying.
iamloco
post Aug 8 2016, 09:51 PM

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QUOTE(leon898 @ Aug 8 2016, 09:40 PM)
if want to be racist/ go with 'kenegerian' mentality, peninsular might as well banned workers from sarawak too. cause hell we are more qualified.

just saying.
*
deport all back. gotta catch em all!
SGSuser
post Aug 8 2016, 09:55 PM

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more qualified...rofl ok
TSmeonkutu11
post Aug 8 2016, 10:44 PM

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Transocean Rig

http://www.dailyrecord.co.uk/news/scottish...5h7IdUP1a0wR.97
mark_vyz
post Aug 8 2016, 11:51 PM

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QUOTE(mhyug @ Aug 8 2016, 06:27 PM)
hehe boleh ja main. kot la nak merasa 'tiket pulang ke darat 1st class '  biggrin.gif
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Yet to found any pokemon here..deng..hehe
undertaker123
post Aug 9 2016, 09:13 AM

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QUOTE(azraeil @ Aug 8 2016, 01:58 PM)
How about Kelantan? At least you guys got your 5%. We got nada, zilch, zero. Although MTJDA wouldn't be a Malaysian border without Kelantan.
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I'm also as Kelantanese fell the same..
Stamp
post Aug 9 2016, 09:57 AM

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QUOTE(undertaker123 @ Aug 9 2016, 09:13 AM)
I'm also as Kelantanese fell the same..
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I wonder how the Johore Royals would react if there were oil&gas deposits discovered in offshore Johore. biggrin.gif

p/s Im a Johorean. thumbup.gif
engrfeez
post Aug 9 2016, 10:13 AM

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So everyone have their own state interest..what happened to this country nowadays? Look like unmanageable, and the economy impact become more worse, we suppose to reunite and get back the country where it suppose to go or better. Unfortunately is going the other round.

This post has been edited by engrfeez: Aug 9 2016, 10:14 AM
y4ng
post Aug 9 2016, 10:15 AM

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QUOTE(Stamp @ Aug 9 2016, 09:57 AM)
I wonder how the Johore Royals would react if there were oil&gas deposits discovered in offshore Johore.  biggrin.gif

p/s Im a Johorean.  thumbup.gif
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Johor ada Palm Oil....successful as well seeing so many refinery in Pasir Gudang. Investors from Turkey pun ada rclxms.gif
DuFfz
post Aug 9 2016, 10:20 AM

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QUOTE(Stamp @ Aug 9 2016, 09:57 AM)
I wonder how the Johore Royals would react if there were oil&gas deposits discovered in offshore Johore.  biggrin.gif

p/s Im a Johorean.  thumbup.gif
*
you'll be cheering if johore impose such 'kenegerian' at RAPID.
ZZMsia
post Aug 9 2016, 11:00 AM

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QUOTE(leon898 @ Aug 8 2016, 09:40 AM)
if want to be racist/ go with 'kenegerian' mentality, peninsular might as well banned workers from sarawak too. cause hell we are more qualified.

just saying.
*
Well said, we have to think of the bigger picture..We live in a globalized world..With this mentality, we will never get the best.

leon898
post Aug 9 2016, 12:15 PM

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QUOTE(DuFfz @ Aug 9 2016, 10:20 AM)
you'll be cheering if johore impose such 'kenegerian' at RAPID.
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Tbh, I'm not surprised if they are doing that.
With their so called 'bangsa' mentality summore..the funny thing is, when they want to apply work at kl/Selangor, suddenly want equal right as Malaysian.
azraeil
post Aug 9 2016, 12:19 PM

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QUOTE(ZZMsia @ Aug 9 2016, 11:00 AM)
Well said, we have to think of the bigger picture..We live in a globalized world..With this mentality, we will never get the best.
*
Kalau I want to be the devil here, aku pindahkan all operations to Labuan. Nak tak? SKO operating from Labuan, every single damn PETRONAS office aku pindahkan ke Labuan. Ingat dia sorang ke boleh buat taik?
langstrasse
post Aug 9 2016, 12:45 PM

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Folks,
We previously had a lot of discussions in previous threads about race etc. in the industry - nothing good came out of that. Perhaps it's best to move on from this subject this time as well.
yunodie
post Aug 9 2016, 01:38 PM

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QUOTE(leon898 @ Aug 9 2016, 12:15 PM)
Tbh,  I'm not surprised if they are doing that.
With their so called 'bangsa' mentality summore..the funny thing is,  when they want to apply work at kl/Selangor, suddenly want equal right as Malaysian.
*
We can debate this until the cow comes home and still would not be able to reach a conclusion. Fact is that because of the Malaysia agreement, Sabah Sarawak is not just another state but rather an equal partner to Malaya in the Federation thus accorded with some extra privilege that states in the Peninsular do not have.

All is well if the development in terms of infrastructure, industries, job opportunities are equal on both sides but just look at the disparity. In Sabah, we get power loss almost every week for a couple of hours and the list go on and on. Hence the sentiments of the Sabahans and Sarawakians, what do we get out of the Oil riches all these years?

Having said so, it was the previous state leaders that have signed away all their rights in the Petroleum Development Act 1974 and now they are back with a vengeance thru other means, i.e the fixed deposit for the next General Election. The trump card is with them.
TSmeonkutu11
post Aug 9 2016, 01:53 PM

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Taiko2, so what's next?
Sarawakians work in peninsula will transfer back home or retrenched?
Peninsula staffs in Sawarak will transfer back home or retrenched?

This only for Petronas workers or all companies?


How about people in rotation that need to go to rig/platform in Sarawak water?


azraeil
post Aug 9 2016, 02:46 PM

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QUOTE(langstrasse @ Aug 9 2016, 12:45 PM)
Folks,
We previously had a lot of discussions in previous threads about race etc. in the industry - nothing good came out of that. Perhaps it's best to move on from this subject this time as well.
*
Agree. This political meddling is really stirring a hornets nest. Let's just give it a rest. I have a lot of Sarawakian and Sabahan friends. They have their valid opinions as well. Their grouses are real, but the action taken are not addressing the problems. This confrontational action will just bring a world of trouble.

I mentioned this in the Kopitiam section which I will not visit coz well, the arguments are so bloody childish which unsurprisingly is what the current political discourse is currently.
mohdyakup
post Aug 9 2016, 07:00 PM

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QUOTE(azraeil @ Aug 9 2016, 02:46 PM)
Agree. This political meddling is really stirring a hornets nest. Let's just give it a rest. I have a lot of Sarawakian and Sabahan friends. They have their valid opinions as well. Their grouses are real, but the action taken are not addressing the problems. This confrontational action will just bring a world of trouble.

I mentioned this in the Kopitiam section which I will not visit coz well, the arguments are so bloody childish which unsurprisingly is what the current political discourse is currently.
*
Biasalah boss /k/ is just for teh lulz hehehehe
figuremeout
post Aug 9 2016, 09:20 PM

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Let's wait n see. When locals get less than 50% employment, there's something not right. Perhaps it's the right time to shake the unshakable
iamloco
post Aug 9 2016, 10:13 PM

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QUOTE(figuremeout @ Aug 9 2016, 09:20 PM)
Let's wait n see. When locals get less than 50% employment, there's something not right. Perhaps it's the right time to shake the unshakable
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46% from ONE state.

Is that not high enough? lol
BaRT
post Aug 9 2016, 10:19 PM

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wehhh....enuf la political & racist talk here.
Later puaka comes & provoke...boringlahh

Keep the healthy discussion please
sukhoi35mk
post Aug 9 2016, 10:31 PM

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let's talk diff topic now...

QUOTE
Winding-up of Sona Petroleum kicks off

KUALA LUMPUR: The winding-up of Sona Petroleum has officially started after the board of directors presented a petition to the court to dissolve the special purpose acquisition company (SPAC).

Sona Petroleum said on Tuesday the company had presented the petition to the High Court of Malaya at Kuala Lumpur (Commercial Division) under Section 218(1)(h) of the Companies Act 1965 to among others, wind up the company and to appoint liquidators.

Under the Act, the court may order a winding up upon the occurrence of events which the memorandum or articles provide that the company is to be dissolved.

It said this was in line with the company’s Memorandum and Articles of Association which provides that it shall be dissolved, wound up and liquidated under if it does not complete a qualifying acquisition within the permitted timeframe.

Sona Petroleum nominated Lim San Peen and Datuk Mohd Anwar Yahya of PricewaterhouseCoopers Advisory Services Sdn. Bhd. as joint and/or several liquidators of the company, subject to the approval of the High Court.

It will then take steps to comply with the Companies (Winding-Up) Rules 1972, including to advertise and gazette the Petition.

Under the due process, the High Court will fix a hearing date for the petition.

sukhoi35mk
post Aug 9 2016, 10:35 PM

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QUOTE
Petronas Gas posts lower Q2 pre-tax profit
KUALA LUMPUR: Petronas Gas Bhd recorded a lower pre-tax profit of RM497.76mil in the second quarter ended June 30, 2016, compared with RM527.10mil in the same period last year.

In a filing to Bursa Malaysia on Tuesday, the group said its revenue, however, rose to RM1.12bil from RM1.08bil previously.

“The higher revenue was driven by higher utilities revenue, in line with higher offtake by customers and upward fuel gas price revision effective Jan 1, 2016, as well as, higher performance based structure income and regasification revenue,” it said.

Given the strong and stable income streams from existing gas processing agreement, gas transportation agreements and regasification service agreement signed with Petronas, the gas infrastructure and utilities company expects its performance to remain steady in 2016 amid the challenging economic environment. - Bernama
QUOTE
Petronas Chemicals Q2 earnings down 17% to RM462m
KUALA LUMPUR: Petronas Chemicals Group Bhd reported lower earnings in the second quarter ended June 30, 2016 mainly due to assets write-off amounting to RM241mil due to the cancellation of an elastomers project.

It said on Tuesday earnings fell 17% to RM462mil from RM557mil a year ago. It declared an interim dividend of seven sen a share.

“Profit after tax for the quarter, however, was lower by RM105mil or 16% at RM533mil mainly due to assets write-off amounting to RM241mil (US$59mil) in relation to the cancellation of elastomers project. Excluding the write-off, profit after tax would have been higher by RM136mil or 21% at RM774mil,” it said.

Its revenue declined 3.1% to RM3.20bil from RM3.30bil a year ago as lower average product prices offset the impact of higher sales volume and stronger US dollar.

Petronas Chemicals said the group recorded strong operational performance during the quarter, with higher plant utilisation of 95% compared with 78% a year ago. This was driven by improved feedstock supplies and plant reliability as well as lower level of statutory turnaround activities.

“Correspondingly, both production and sales volumes were higher. Overall average product prices were lower in tandem with the sharp decline in crude oil price,” it said.

As for the olefins and derivatives segment, it achieved higher plant utilisation of 93% compared to 84% a year ago due to higher ethane supply which offset the impact of statutory turnaround at its aromatics plant during the quarter.

Average product prices were lower following sharp decline in crude oil price and subdued market demand. Revenue decreased by RM219milor 9% to RM2.1bil due to lower sales volumes and average product prices.

Petronas Chemicals said earnings before interest, tax, depreciation and amoritsation (EBITDA) for this segment grew by RM99mil or 13% to RM867mil due to higher volumes of ethane-based products, which was further supported by stronger US dollar.

Profit after tax fell RM93mil or 23% to RM312mil following assets write-off amounting to RM241mil (US$59mil) due to the  cancellation of the elastomers project. Excluding the write-off, profit after tax would have been higher by 37% at RM553mil.

As for its fertilisers and methanol segment, Petronas Chemicals recorded plant utilisation of 96% compared to 73% a year ago, underpinned by higher methane supply at the group’s methanol facilities. During the quarter, it undertook a statutory turnaround at its Gurun urea facility.

Revenue rose by 11% to RM1.1bil due to higher sales volumes and stronger US dollar, negated by lower average product prices. EBITDA increased by 12% to RM373mil. Profit after tax dipped 1% to RM219mil.
azraeil
post Aug 9 2016, 10:37 PM

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QUOTE(iamloco @ Aug 9 2016, 10:13 PM)
46% from ONE state.

Is that not high enough? lol
*
April 2016 Petronas decided to restructure their organization. It moves towards an asset based organization whereby the Project Delivery & Technology Business Line will take over ALL project execution and delivery. This involves MOVING and relocating a lot of personnel who were previously doing this activities in the Centre to the region. Those who are involved in Sarawak assets, were moved to Miri/Bintulu etc. Those who were involved in Peninsula assets were moved to Kerteh so on and so forth, you get the picture.

So this is the reason WHY you see Peninsula based people having to move to Sarawak, having to look for rental houses and basically leaving their extended family behind. Because the company decided that to survive in the current challenging environment, it had to take a different approach operating the business.

So should Petronas instead of moving Peninsula based people to Miri hire local Sarawakians instead, then it would have defeated the purpose of Petronas trying to right size. As much as possible Petronas wanted their operation to continue without any hitch while they undergo this reorganization.

Anyway, it doesn't really matter. If Sarawak Citizens wants to believe whatever they want to believe, it doesn't matter what me or other people say. They will believe what they will believe.

2 solutions for this issue

1. Petronas to roll back the movement of Peninsula based personnel so therefore, SKO operations will be smaller again and everything is run from the Centre thus crippling whatever strategy Petronas had to streamline their business operations. This will immediately increase the percentage of Sarawak Citizens in SKO. So 500 Sarawakians in an organization that has 750 people will be a much higher percentage than 500 Sarawakians in an organization that has 1000 people.

2. Petronas to move all essential operations for Sabah and Sarawak to a new regional centre in Labuan which is a Federal Territory leaving behind SKO and SBO as a satellite office manned exclusively by Sarawak Citizens thus making the dream of having 100% Sarawak Citizens percentage come true. Win-Win as Petronas can still maintain their current operating strategy while fulfilling whatever dream the Sarawak Citizens have.

I'd say go for option 2. Cars are Tax Free over there and the liquor is tax free too.

This post has been edited by azraeil: Aug 9 2016, 10:41 PM
azraeil
post Aug 9 2016, 10:37 PM

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QUOTE(BaRT @ Aug 9 2016, 10:19 PM)
wehhh....enuf la political & racist talk here.
Later puaka comes & provoke...boringlahh

Keep the healthy discussion please
*
Puaka already here mehh ... sudah tukar nama ... hehehehe. Macam la orang tak tahu kan ...
sukhoi35mk
post Aug 9 2016, 10:38 PM

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some good news for O&G service companies...

QUOTE
Tax breaks, incentives for shipbuilding, repair companie

KUALA LUMPUR: The government has unveiled tax breaks and incentives for shipbuilding and ship repairing industry as it targets the sector to generate RM6.35bil in gross national income and provide 55,000 jobs by 2020.

New companies will either receive pioneer status with 70% of income tax exemption on statutory income for five years or Investment Tax Allowance of 60% on the qualifying capital expenditure incurred within 5 years from the date the first qualifying capital expenditure is incurred.

For existing shipbuilding and ship repairing companies, they can enjoy Investment Tax Allowance of 60% on additional qualifying capital expenditure incurred within five years.

Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed said on Tuesday these new incentives would be for all areas in Malaysia to boost the industry in line with the Malaysian Shipbuilding and  Ship Repair Industry Strategic Plan 2020 and the 11th Malaysia Plan.

Currently there are 100 registered shipyards in Malaysia, in which 39 are located in West Malaysia and 61 in East Malaysia.

Previously, the incentives for shipbuilding and ship repairing were for projects in the Eastern Corridor, Sabah, Sarawak, Perlis, Kelantan, Terengganu, Pahang and the district of Mersing in Johor.

The companies then were eligible for Pioneer Status with income tax exemption of 100% of statutory income for five years or Investment Tax Allowance of 100% on qualifying capital expenditure incurred within five years. The incentives ended in 2010.

Mustapa urged both local and foreign investors to capitalise on these new incentives.

“Despite the sluggish momentum in the offshore oil and gas industry which have suppressed demand for ships and offshore structures, Malaysia has the pull factor to become the leading nation in the shipbuilding and ship repairing industry.

“The country is the right choice to invest in as it has a promising future based on its strategic location, competitive cost, skilled and talented workforce, advanced infrastructure and extensive trade agreement regionally and globally,” he said.

In West Malaysia, the main shipyards are in Lumut (Perak), Port Klang (Selangor), Kemaman (Terengganu) and Pasir Gudang (Johor). In East Malaysia, Sibu (Sarawak) is the main shipbuilding hub with a total of 40 small to medium-sized companies.

There are six large shipyards in the country with repairing capabilities of more than 600 tons displacement. They are Malaysia Marine and Heavy Engineering (MMHE), Boustead Naval Shipyard, Sabah Shipyard, Sapura Kencana, Nam Cheong and Muhibbah Marine Engineering.
TSmeonkutu11
post Aug 9 2016, 10:47 PM

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Uzma Unfazed by Concerns Over Berantai, Balai RSC Cessations in Malaysia

http://www.rigzone.com/news/oil_gas/a/1460...ons_in_Malaysia
azraeil
post Aug 9 2016, 11:03 PM

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QUOTE(meonkutu11 @ Aug 9 2016, 10:47 PM)
Uzma Unfazed by Concerns Over Berantai, Balai RSC Cessations in Malaysia

http://www.rigzone.com/news/oil_gas/a/1460...ons_in_Malaysia
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The only RSC that does not use FSO/FPSO for their oil production. OPEX of around 5 million per year as compared to 20 million per year for other RSCs. He has a point there.
blizice
post Aug 9 2016, 11:51 PM

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QUOTE(azraeil @ Aug 9 2016, 10:37 PM)
April 2016 Petronas decided to restructure their organization. It moves towards an asset based organization whereby the Project Delivery & Technology Business Line will take over ALL project execution and delivery. This involves MOVING and relocating a lot of personnel who were previously doing this activities in the Centre to the region. Those who are involved in Sarawak assets, were moved to Miri/Bintulu etc. Those who were involved in Peninsula assets were moved to Kerteh so on and so forth, you get the picture.

So this is the reason WHY you see Peninsula based people having to move to Sarawak, having to look for rental houses and basically leaving their extended family behind. Because the company decided that to survive in the current challenging environment, it had to take a different approach operating the business.

So should Petronas instead of moving Peninsula based people to Miri hire local Sarawakians instead, then it would have defeated the purpose of Petronas trying to right size. As much as possible Petronas wanted their operation to continue without any hitch while they undergo this reorganization.

Anyway, it doesn't really matter. If Sarawak Citizens wants to believe whatever they want to believe, it doesn't matter what me or other people say. They will believe what they will believe.

2 solutions for this issue

1. Petronas to roll back the movement of Peninsula based personnel so therefore, SKO operations will be smaller again and everything is run from the Centre thus crippling whatever strategy Petronas had to streamline their business operations. This will immediately increase the percentage of Sarawak Citizens in SKO. So 500 Sarawakians in an organization that has 750 people will be a much higher percentage than 500 Sarawakians in an organization that has 1000 people.

2. Petronas to move all essential operations for Sabah and Sarawak to a new regional centre in Labuan which is a Federal Territory leaving behind SKO and SBO as a satellite office manned exclusively by Sarawak Citizens thus making the dream of having 100% Sarawak Citizens percentage come true. Win-Win as Petronas can still maintain their current operating strategy while fulfilling whatever dream the Sarawak Citizens have.

I'd say go for option 2. Cars are Tax Free over there and the liquor is tax free too.
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Based on what you had mention, it seems Petronas from beginning already not hiring enough Sarawakian at centre to manage Sarawak Asset. That why when restructuring,Non Sarawakian are moved to Sarawak.

For option one, if roll back every Peninsula based personnel will crippling Petronas strategy, it mean Petronas had not put enough effort to make SKO operation independent from centre.

For option two, i think state government/local SKO/SBO staff wont allow "downgrade" of SKO/SBO office happen, more politic meddling and may be end up with multiple unexpected outcome.

We are all interested to know Petronas hiring policy. From what i know, it is a fact that some department in SKO dont have Sarawakian at all.

Regardless of whatever Petronas strategy, i dont think no Sarawakian posses the expertise to take up job in those department.

Meanwhile is it so difficult for Petronas to admit they had done something wrong, and participate in negotiation with the state government to go for a win win situation?

If Petronas never think they have done something wrong, perhaps something wrong happen to Petronas
azraeil
post Aug 10 2016, 07:02 AM

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QUOTE(blizice @ Aug 9 2016, 11:51 PM)
Based on what you had mention, it seems Petronas from beginning already not hiring enough Sarawakian at centre to manage Sarawak Asset. That why when restructuring,Non Sarawakian are moved to Sarawak.

For option one, if roll back every Peninsula based personnel will crippling Petronas strategy, it mean Petronas had not put enough effort to make SKO operation independent from centre.

For option two,  i think state government/local SKO/SBO staff wont allow "downgrade" of SKO/SBO office happen, more politic meddling and may be end up with multiple unexpected outcome.

We are all interested to know Petronas hiring policy. From what i know, it is a fact that some department in SKO dont have Sarawakian at all.

Regardless of whatever Petronas strategy, i dont think no Sarawakian posses the expertise to take up job in those department.

Meanwhile is it so difficult for Petronas to admit they had done something wrong, and participate in negotiation with the state government to go for a win win situation?

If Petronas never think they have done something wrong, perhaps something wrong happen to Petronas
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Yup. Labuan option it is.
mohdyakup
post Aug 10 2016, 07:08 AM

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This is going to be my final bullet on this fiasco.

First of all, I have no issues for Semenanjung peoples to come over to my state to earn a living, but I SERIOUSLY HAVE ISSUES for Semenanjung peoples who talk shit & trash about my state and compare the lavish infrastructure that they have at Peninsular, it deserve a big penampar from me and I personally have given this penampar to those who have mulut sekda insurance.

Please dont teach me about the Malaysia Agreement yada yada because everybody know that the agreement was signed under duress and misleading details.

I have no issues with Petronas, in fact I should be grateful to Petronas for all the opportunities given to me and my families as this while, I live with silver spoon, but when I see the real discrimination happen on my own Sarawakian peoples which denied the opportunities into O&G, I need to speak up and fight for my own peoples.

When you come to my state, learn to blend and mingle with locals, and respect the local customary. Thats it. Very simple. All we need is a respect and we will respect you. There is no need to talk trash about my state.

Same goes to me, I go to other state I will try to mingle the best I can and respect their adat. I have a fantastic time working at Kerteh, its the best year of my working life.

I have no intention to make enemies, I dah penat bergaduh & berdrama. I keen to speak & collaborate with anyone for any business opportunities - you and me we can share the cakes no problem. Semua orang cari makan.

This time, Petronas deserve to be teach some lesson.

This is my personal opinion, and I apology if offending anyone of you. Peace bohhh.
echobrainproject
post Aug 10 2016, 07:35 AM

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according to the news, it is for petronas workers intending to work in Sarawak.
However real case on the ground is that all non sarawakian involved in oil and gas (that means contractors, specialized vendors, etc) work permits are being on hold. That's the info I am getting from our agents, people on the ground.

as this involves vendors and contractors, the impact will be big.
feekle
post Aug 10 2016, 08:24 AM

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QUOTE(iamloco @ Aug 9 2016, 10:13 PM)
46% from ONE state.

Is that not high enough? lol
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The argument from the locals is...technician level is dominated by locals while executive level above is very much dominated by peninsular staff. Thus question such as our local boys / gals is not capable?Maybe terengganu / kelantan / johor side also having the same thing?

This post has been edited by feekle: Aug 10 2016, 08:31 AM
feekle
post Aug 10 2016, 08:28 AM

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This post has been edited by feekle: Aug 10 2016, 08:29 AM
blizice
post Aug 10 2016, 08:37 AM

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QUOTE(azraeil @ Aug 10 2016, 07:02 AM)
Yup. Labuan option it is.
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You are so confident Petronas have higher authority than state government and can do whatever they like(sound like a licensed gangster lol) without respecting where they are, what their role is.

Is this the mindset of Petronas/ ex-petronas staff?

I am more interested if Petronas can provide prove that they had selected , interviewed Sarawakian candidates and in the end chose Peninsula worker due to lack of expertise, skill and experience.

With this prove, at least we can move forward to improve the expertise , experience and education level of Sarawak workforce so that they could be competitive in domestic and international market.

However if it is found that from beginning Petronas not interested in Sarawakian candidate, perhaps is time to ditch all Petronas operation in Sarawak including MLNG, Petronas Gas, Petronas Chemical, Petronas Petrol Station etc.

Oil and gas industry is developed based on available resources. Once the resources depleted, their contribution to the stake holder and local people also waned.

Sarawak can survive without Petronas, Petronas also can survive without Sarawak.

When both entity not able to reconcile the differences, why not just exit from Sarawak oil and gas and let Sarawak government to choose the oil major they prefer, either setup Sarawak based oil and gas company or corperate with International oil major like Shell, Exxon etc

This post has been edited by blizice: Aug 10 2016, 08:40 AM
azraeil
post Aug 10 2016, 08:40 AM

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QUOTE(mohdyakup @ Aug 10 2016, 07:08 AM)
This is going to be my final bullet on this fiasco.

First of all, I have no issues for Semenanjung peoples to come over to my state to earn a living, but I SERIOUSLY HAVE ISSUES for Semenanjung peoples who talk shit & trash about my state and compare the lavish infrastructure that they have at Peninsular, it deserve a big penampar from me and I personally have given this penampar to those who have mulut sekda insurance.

Please dont teach me about the Malaysia Agreement yada yada because everybody know that the agreement was signed under duress and misleading details.

I have no issues with Petronas, in fact I should be grateful to Petronas for all the opportunities given to me and my families as this while, I live with silver spoon, but when I see the real discrimination happen on my own Sarawakian peoples which denied the opportunities into O&G, I need to speak up and fight for my own peoples.

When you come to my state, learn to blend and mingle with locals, and respect the local customary. Thats it. Very simple. All we need is a respect and we will respect you. There is no need to talk trash about my state.

Same goes to me, I go to other state I will try to mingle the best I can and respect their adat. I have a fantastic time working at Kerteh, its the best year of my working life.

I have no intention to make enemies, I dah penat bergaduh & berdrama. I keen to speak & collaborate with anyone for any business opportunities - you and me we can share the cakes no problem. Semua orang cari makan.

This time, Petronas deserve to be teach some lesson.

This is my personal opinion, and I apology if offending anyone of you. Peace bohhh.
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Peace boh! We should all respect each other and we should have a proper discourse on this matter. We can always agree to disagree. Discrimination whether it's racial, gender or in this case kenegrian is never okay.

Now just pening kepala with my well to be drilled next month. Of all the things, menda alab ni lak jatuh ke riba.

azraeil
post Aug 10 2016, 08:54 AM

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QUOTE(echobrainproject @ Aug 10 2016, 07:35 AM)
according to the news, it is for petronas workers intending to work in Sarawak.
However real case on the ground is that all non sarawakian involved in oil and gas (that means contractors, specialized vendors, etc) work permits are being on hold. That's the info I am getting from our agents, people on the ground.

as this involves vendors and contractors, the impact will be big.
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My wireline crew who are supposed to go out in 3 days didn't get their WP. Habis kacau. Pening pening.
sukhoi35mk
post Aug 10 2016, 09:03 AM

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forget abd USD85 or USD100 per barrel... those days are over....

QUOTE
The new normal for oil

Crude seen at US$50, prices may remain for next five years

KUALA LUMPUR: The new normal for oil is US$50 per barrel, says a leading consultancy firm.

Bain & Co feels that this scenario of prolonged low oil prices will remain for the next five years and predicts that the industry will continue to grapple with deleveraging and cash flow issues.

“We believe that this scenario is likely to exist for a while due to the tremendous amount of supply coming from low-cost sources such as Russia and members of the Organisation of the Petroleum Exporting Countries.

“There is also the likelihood of a slowdown in demand towards the end of this decade,” Jorge Leis, a partner in Bain & Co, told reporters at a briefing.

Brent crude prices have fallen from their highest point this year recently. After peaking at US$52.51 per barrel back in June, it was last traded at US$45.29 per barrel on Tuesday.

Despite major restructuring and refinancing efforts since oil prices began to plummet in late 2014, the leveraged positions of some South-East Asian upstream players are still causing financial distress.

Prominent Singaporean offshore services firm Swiber Holdings Ltd was the latest casualty from the low oil price situation.

Last week, the company narrowly averted bankruptcy after putting itself under judicial management to facilitate a restructuring exercise.

According to Leis, the “new normal” scenario calls for a major transformational effort in order for companies to survive over the next five years, as the worst is not over yet for the industry players.

“The adjustments made over the past two years may have gone slower than we expected. However, companies have better access to capital markets today, which will avert the possibility of extreme situations such as bankruptcy,” he remarked.

During its oil and gas (O&G) roadshow in Kuala Lumpur, among the questions asked by prominent Malaysian O&G firms was on what it would take to cope with the long-term ramifications of the low oil prices, said Dale Hardcastle, who is a Bain partner for its Singapore office.

“As for Malaysia, attracting new investments into the upstream segment will be very challenging due to the current volatility in crude prices. If this prolonged low oil price scenario occurs, the industry will need to see a lot more consolidation of assets going forward,” he explained.

On the other hand, Hardcastle lauded the efforts made by Petroliam Nasional Bhd in its bid to lower operating expenses. The oil giant plans to reduce tens of billions in capital expenditure over the next several years to account for lower commodity prices.

Over the long term, Leis ruled out the likelihood of prices returning to US$100 per barrel as seen during the industry’s boom phase several years ago.

“Even in the best-case scenario, we do not foresee oil breaching above US$85 per barrel over the next five years. Oil prices returning to US$100 per barrel will only likely be triggered by some large-scale geopolitical strife, which is not something that the industry wants,” he said.

mohdyakup
post Aug 10 2016, 09:07 AM

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QUOTE(azraeil @ Aug 10 2016, 08:40 AM)
Peace boh! We should all respect each other and we should have a proper discourse on this matter. We can always agree to disagree. Discrimination whether it's racial, gender or in this case kenegrian is never okay.

Now just pening kepala with my well to be drilled next month. Of all the things, menda alab ni lak jatuh ke riba.
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Jangan pening kepala bohhh. Any urgent requisition with regard to your drilling campaign just let me know bohhh urgent delivery at offshore can be done 24/7 bohhh hehehehehehe brows.gif
azraeil
post Aug 10 2016, 09:14 AM

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QUOTE(sukhoi35mk @ Aug 10 2016, 09:03 AM)
forget abd USD85 or USD100 per barrel... those days are over....
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LFL. Lower For Longer. We now operate everything at 35. Anything above that tak jalan.
Stamp
post Aug 10 2016, 09:18 AM

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QUOTE(DuFfz @ Aug 9 2016, 10:20 AM)
you'll be cheering if johore impose such 'kenegerian' at RAPID.
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I am no johorean fanatic. In fact I dislike the concept "bangsa Johor". entah apa2 laa. we are Malaysians, mar!

But I must admit that I always feel kecik hati everytime I arrive at Kuching or KK airport, I have to queue at the immigration line to exit the airport. I am apprehensive of being treated like a foreigner in a state which is a part of Malaysia. But again, Malaysia is full of contradictions, anyway.

This post has been edited by Stamp: Aug 10 2016, 09:19 AM
azraeil
post Aug 10 2016, 09:23 AM

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QUOTE(Stamp @ Aug 10 2016, 09:18 AM)
I am no johorean fanatic. In fact I dislike the concept "bangsa Johor". entah apa2 laa. we are Malaysians, mar!

But I must admit that I always feel kecik hati everytime I arrive at Kuching or KK airport, I have to queue at the immigration line to exit the airport. I am apprehensive of being treated like a foreigner in a state which is a part of Malaysia.
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I also kechik hati whenever I sampai Miri Airport but I also understand that masa kita nak jadi Malaysia, we negotiated and allowed Sarawak and Sabah to have their own contorl with regards to immigration. And I know I sometimes membebel with words like "Macam la aku nak sangat kerja kat sana" which off course when I look back is not a nice thing to say. But we say stupid things when we are upset.

Anyway, we are in crisis mode in my company. Wireline program dah stall and we have a bloody well with high PCP. Nasib baik family not in KL, kalau balik kul 10 malam tu takde la bini nak mengomel.
sukhoi35mk
post Aug 10 2016, 09:55 AM

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QUOTE(azraeil @ Aug 10 2016, 09:14 AM)
LFL. Lower For Longer. We now operate everything at 35. Anything above that tak jalan.
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USD35 meaning like back to 90s or early 2000s .... hopefully gaji is not back to those day ... either everything is really LEAN or less ppl for more jobs...
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post Aug 10 2016, 10:37 AM

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Petronas to review Canadian LNG project

Malaysia's state-owned oil company Petronas will carry out a total review of its proposed liquefied natural gas project in Canada before committing to a final investment decision.
"Upon the finalisation of the report, we need to conduct a total review of the proposed project prior to tabling it to the project's partners for FID," Petronas said in a statement received on Tuesday, referring to an environmental report on the LNG project by the Canadian Environmental Assessment Agency (CEAA).

Petronas is waiting for the CEAA to finalise its report, which was resumed in late June after being put on hold in March when the environmental regulator requested more information from Petronas.

Petronas and its partners have been waiting about three years for a permit to build the Pacific NorthWest LNG export terminal in northern British Columbia.
azraeil
post Aug 10 2016, 10:52 AM

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QUOTE(sukhoi35mk @ Aug 10 2016, 09:55 AM)
USD35 meaning like back to 90s or early 2000s .... hopefully gaji is not back to those day ... either everything is really LEAN or less ppl for more jobs...
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Less people for more jobs is one. I have 4 projects on my plate at the same time semua on high priority deadlines. Kalau on contract, pray that it is renewed or at least be prepared to take a haircut to your pay. For permanent staff, don't count on increments or bonus. That's how it is now and maybe for the next 5 years.
thoyol
post Aug 10 2016, 10:59 AM

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QUOTE(echobrainproject @ Aug 10 2016, 07:35 AM)
according to the news, it is for petronas workers intending to work in Sarawak.
However real case on the ground is that all non sarawakian involved in oil and gas (that means contractors, specialized vendors, etc) work permits are being on hold. That's the info I am getting from our agents, people on the ground.

as this involves vendors and contractors, the impact will be big.
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Betul tuan. It is impacting the whole non sarawakian WP process. I'm forced to find an alternative now. Sigh..
mhyug
post Aug 10 2016, 12:38 PM

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QUOTE(mohdyakup @ Aug 10 2016, 09:07 AM)
Jangan pening kepala bohhh. Any urgent requisition with regard to your drilling campaign just let me know bohhh urgent delivery at offshore can be done 24/7 bohhh hehehehehehe brows.gif
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delivery apa tuhh brows.gif

it seems were inching closer to high 30s on the price. also anyone have any part time jobs/need of man power bole pm saya. haha im on my way to be given leave for a few months/let go perma biggrin.gif . no work too hard, no pay is too small. all can be accepted. tongue.gif

This post has been edited by mhyug: Aug 10 2016, 12:39 PM
trd088
post Aug 10 2016, 01:12 PM

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QUOTE(yunodie @ Aug 7 2016, 06:22 PM)
Brother, offshore pun ada WiFi la what are you talking about.
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well, not every barges or vessel has wifi with good bandwidth...
BaRT
post Aug 10 2016, 01:16 PM

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QUOTE(azraeil @ Aug 9 2016, 10:37 PM)
Puaka already here mehh ... sudah tukar nama ... hehehehe. Macam la orang tak tahu kan ...
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Thats why..hahahaha
Syok sendiri je dia...anywhere is same puaka so people can smell the same shit...
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post Aug 10 2016, 04:05 PM

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You Want a Revolution? Trump Makes Big Promises to Oil, Gas Industry

Republican presidential nominee Donald Trump says that if elected he would immediately freeze new federal regulations – long the bane of the oil and gas industry.

What’s more, then he would instruct “each and every” federal agency to compose a list of regulations they impose that aren’t necessary. Here’s the line from his Aug. 8 speech in Detroit:

“I will ask each and every federal agency to prepare a list of all of the regulations they impose on Americans which are not necessary, do not improve public safety and which needlessly kill jobs. Those regulations will be eliminated.”

So, he intends to ask a bunch of bureaucrats to eliminate their own objectives.

Regardless of the likelihood of whether a president could single-handedly freeze regulations or stop their enforcement, it’s a promise the industry might well hold onto. Oil and gas advocates often lay blame for financial struggles – especially those of small energy businesses – directly at the feet of regulators.

Trump went on to say as part of his “energy revolution,” a variety of his new energy policies would add $100 billion to the economy and create 500,000 jobs each year, according to a report by The Hill.

And, leaving no stone unturned on his way to offering his candidacy to oil and gas, Trump also said he’d invite TransCanada Corp. to re-apply for a presidential permit for the Keystone XL pipeline. For their part, TransCanada said the company appreciates the support and will keep its options open.

Joe Gemino, an analyst at Morningstar Inc. in Chicago, told me additional pipeline infrastructure from Canada is an industry priority.

“However, some concerns exist over Trump’s potential view on the United States’ monetization of the pipeline. I believe that he would expect more favorable economics for the United States than what exists with current cross-country pipelines,” he said.

Trump has said on several occasions that as president, he would re-negotiate many of the agreements made between the United States and its allies.

SOS
sukhoi35mk
post Aug 10 2016, 04:33 PM

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meahwhile in Sabah.........

QUOTE
Sabah has own ways to claim its rights, says Musa

Kota Kinabalu: The Sabah Government has its own ways which have proven to work in claiming its rights from the Federal Government as provided for in the Federal Constitution, said Chief Minister Datuk Seri Musa Aman.
He said what was important now was the way the State Government had approached the matter all this while which bore fruit, compared to the 'making noise' approach or publicity stunts that might not work.

"When we act on something, we don't have to tell the whole world how we do it. We find that it is better to discuss when proposing something," said Musa, who was responding to a question by Datuk Seri Wilfred M. Bumburing (Independent-Tamparuli) during the Sabah Legislative Assembly here, Tuesday.

Citing an example, Musa said the State managed to obtain 30 per cent equity in on-shore oil exploration in Sabah through its negotiations with the Federal Government and oil companies.

"From zero (stake), we now own 30 per cent equity regarding on-shore exploration. This has never happened before.

This is what I mean by no need to make noise," he said.

Meanwhile, Musa assured that Sabahan employees will be given priority by oil and gas companies.

He said he had personally brought up the matter with the top leadership of Petronas and Shell who promised they would give priority to local employees.

"I spoke with the Chairman of Shell (Malaysia) Datuk Iain Lo during the Shell Press Award and I told him you must give priority to Sabahans since most of your explorations are in Sabah waters. He agreed," said Musa.

But, he said, people must also accept the fact that as commercial entities, oil and gas companies are subject to market forces and would naturally have to make necessary adjustments, including to trim their staff to remain competitive in business.

"They told me that they must also adjust to situations. But they promised to be fair," he added.

He said this in reply to Api-Api State Assemblywoman Christina Liew who had asked if Petronas and Shell Malaysia were retrenching more staff in Sabah.

She also expressed concern about reports that Sarawak Barisan Nasional (BN) leaders had supported a move to freeze all new applications for work permits for non-Sarawakian Petronas staff to work in the State.

"I hope what happens in Sarawak won't happen in Sabah," she said.

On this, Musa said there is no need for Sabah to copy the neighbouring State.
azraeil
post Aug 10 2016, 05:32 PM

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QUOTE(sukhoi35mk @ Aug 10 2016, 04:33 PM)
meahwhile in Sabah.........
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And now they know how risky and capital intensive these oil and gas business is. I hear the company is now in financial difficulties.

PETRONAS need to start reporting dry holes in the news so that the public will know how risky the business is.
temuai
post Aug 10 2016, 07:26 PM

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QUOTE(azraeil @ Aug 9 2016, 10:37 PM)
April 2016 Petronas decided to restructure their organization. It moves towards an asset based organization whereby the Project Delivery & Technology Business Line will take over ALL project execution and delivery. This involves MOVING and relocating a lot of personnel who were previously doing this activities in the Centre to the region. Those who are involved in Sarawak assets, were moved to Miri/Bintulu etc. Those who were involved in Peninsula assets were moved to Kerteh so on and so forth, you get the picture.

So this is the reason WHY you see Peninsula based people having to move to Sarawak, having to look for rental houses and basically leaving their extended family behind. Because the company decided that to survive in the current challenging environment, it had to take a different approach operating the business.

So should Petronas instead of moving Peninsula based people to Miri hire local Sarawakians instead, then it would have defeated the purpose of Petronas trying to right size. As much as possible Petronas wanted their operation to continue without any hitch while they undergo this reorganization.

Anyway, it doesn't really matter. If Sarawak Citizens wants to believe whatever they want to believe, it doesn't matter what me or other people say. They will believe what they will believe.

2 solutions for this issue

1. Petronas to roll back the movement of Peninsula based personnel so therefore, SKO operations will be smaller again and everything is run from the Centre thus crippling whatever strategy Petronas had to streamline their business operations. This will immediately increase the percentage of Sarawak Citizens in SKO. So 500 Sarawakians in an organization that has 750 people will be a much higher percentage than 500 Sarawakians in an organization that has 1000 people.

2. Petronas to move all essential operations for Sabah and Sarawak to a new regional centre in Labuan which is a Federal Territory leaving behind SKO and SBO as a satellite office manned exclusively by Sarawak Citizens thus making the dream of having 100% Sarawak Citizens percentage come true. Win-Win as Petronas can still maintain their current operating strategy while fulfilling whatever dream the Sarawak Citizens have.

I'd say go for option 2. Cars are Tax Free over there and the liquor is tax free too.
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Option 3, kick petronas out from sarawak water. 😁😁😁

azraeil
post Aug 10 2016, 07:32 PM

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QUOTE(temuai @ Aug 10 2016, 07:26 PM)
Option 3, kick petronas out from sarawak water. 😁😁😁
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Option 4 - Sarawak waters only covers 12 nautical miles from shore

Oops silap, after the lifting of the Emergency Ordinance 2012 the area under Sarawak Waters is now 3 nautical miles.

This post has been edited by azraeil: Aug 10 2016, 08:22 PM
Stamp
post Aug 10 2016, 08:54 PM

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QUOTE(azraeil @ Aug 10 2016, 05:32 PM)
And now they know how risky and capital intensive these oil and gas business is. I hear the company is now in financial difficulties.

PETRONAS need to start reporting dry holes in the news so that the public will know how risky the business is.
*
I found it amusing when our exploration group announced recently that the exploratory well that they had drilled recently was a "technical success" but "not commercially viable". biggrin.gif

sukhoi35mk
post Aug 10 2016, 10:36 PM

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like Shell Alaska exploration.... Yes, they managed to find oil from exploration wells but not economical for full commercial production....So, there goes USD5billion and 5 years of hard-works... all bungkus..
sukhoi35mk
post Aug 10 2016, 10:49 PM

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Meanwhile in Miri..... no wonder SPG guys ranting non stops...

QUOTE
HOW THE GLOBAL OIL CRISIS HAS HIT THE CITY OF MIRI, SARAWAK

“PEOPLE laugh at me these days,” said Charles Zico. “They say I used to be a field operator for a big oil and gas company. Now look what I’m doing.”

Like many young people in Miri, Sarawak, Zico found himself without a job after global oil prices came crashing down last year. And as the sole breadwinner of his young family, he had no choice but to take up a job working with dangerous pesticides, for just a fraction of what he was earning before.

He said he used to earn RM6,000 a month. Now he gets around a quarter of that.

"I had to explain to my children why we can’t afford the things we used to have,” said Zico with a sad smile. “And that if they really want it, they’d have to wait for their grandparents to visit.”

user posted image
Zico earned around RM6,000 when he was working in the oil and gas industry. Now, he does pest control, for about a quarter of his old salary.

Miri is a city built on oil. Not so long ago, those arriving at Miri Airport would find it full of oil workers in brightly coloured overalls, travelling to or from offshore oil rigs. When the R.AGE documentary crew went there a few months ago, it was almost deserted.

Ardiles anak Roland, 25, was one of those oil workers.

He used to bring in a hefty paycheck working as a cook on an offshore tanker. Today, he waits tables at a hotel.

“When I was with the oil and gas industry, I felt great,” he said. “I had enough money to socialise and go drinking with friends, and I spent most of the money I earned.”

Ardiles had been at his job for about a year when he received news of his retrenchment. It was a huge reality check for him.

He had only just graduated from college and had a student loan to pay off. He had a car loan, and almost zero savings.

“Young people are getting retrenched more, especially in the oil and gas sector where big companies are facing major profit losses and need to restructure and resize,” said Shamsuddin Bardan, executive director of the Malaysian Employers Federation.

And when most companies retrench, they usually do it on a “last in, first out” basis, meaning young people are often the first out the door as they’re last ones to enter the company, explained Shamsuddin.

That’s a huge problem for young people in Miri, where many grow up taking a job in the industry for granted.

Harry Leong, 24, was an oil and gas technician before he got retrenched by oil exploration company Schlumberger. He worked hard, having gone an entire year without taking a day off.

At the end of that marathon year, he was retrenched.

There was a silver lining of sorts for Leong, who said he felt relieved to finally have some time off. “It’s weird but I was secretly happy,” he said. “It had been a long time since I felt the joy of holiday.”

But the holiday mood faded quickly when he realised he couldn’t afford his car and housing loans anymore.

When rumours began floating around of possible layoffs, Leong said he and his colleagues weren’t too bothered.

“This was three months before the retrenchments started,” he said. “We thought we were safe, that there was a small chance it would happen to us, so we ignored everything.”

By the time they began to take the matter seriously, it was too late. Leong and many young colleagues were on the chopping board.

Here’s what happened in a nutshell: in 2014, the United States found itself with more oil than it could possibly need as smaller companies began pulling oil out of shale, a type of oil-rich sedimentary rock, instead of drilling for it the traditional way.

And while shale oil isn’t anything new (it’s been a known source of oil since 1985), the technology used to extract it – known as fracking – still is. Today’s fracking technology means that it takes a lot less time, effort, and money to pull oil and gas out of shale.

To keep its market share, Saudi Arabia led the Organization of the Petroleum Exporting Countries (OPEC) to flood the market with more oil from the Middle East.

They were hoping the lower prices would drive the US out of the game. But then Iranian oil became available after economic sanctions were lifted, and the oversupply drove oil prices to the lowest in recent history. That was a year ago.

Consumers rejoiced, but oil and gas workers like Ardiles and Leong had to take the hit.

Oil and gas workers, although standing on the frontlines of this economic drop, weren’t the only ones affected. Last year saw a jump in Sarawak’s unemployment rates, from 3.1% to 3.5%. To put things in context, that’s 43,500 unemployed people in the state alone.

So what do you do when the one skillset you’ve spent years acquiring suddenly becomes redundant? Ardiles said most of his ex-colleagues had no choice but to switch industries altogether.

But because not all of them could afford to learn and master another hard skill, they were forced to do manual labour. It created a lot of disillusionment, but it was the only way to put food on the table.

“One guy I know is now working in a farm,” said Ardiles. “I have another friend who has been unemployed for a while. I keep asking him to join me where I work because he has a wife and child to provide for.”

Ardiles went through the same dilemma himself – to work for what seemed a pittance, or not work at all.

He now works at the Pullman Hotel as a banquet server. It doesn’t carry the same prestige as his old job, but it puts food on the table, and that’s what matters to him at the moment.

The big picture

How this affects all of Malaysia is a case of simple economics. According to the Malaysian Investment Development Authority (MIDA), the oil and gas industry currently contributes 20% to Malaysia’s gross domestic product (GDP).

And until 2014, about a third of government revenue came from local oil and gas giant Petronas. Those are huge contributions, considering they come from a single sector.

Shockwaves from the oil price plummet spilled over into other industries. 2015 saw the highest number of retrenchments in the past six years with 28,499 Malaysians from various sectors being let go.

“This is the danger of making a particular place very dependent on one industry. If that industry is not prospering, then the whole place will be in ruins,” said Wan Saiful Wan Jan, chief executive of the Institute for Democracy and Economic Affairs.

“Of course, the dependency on the oil and gas industry as a whole needs to be reduced and the government realises this. It has been reducing those figures over the years,” he said, adding that the government should diversify their sources of revenue.

“They just stopped calling back,” he said. “One second I had work, the next second I didn’t.”

For undergraduates in Miri who will be entering the job market soon, this brings up an important question: what now?

Kamarul Ariffin’s father worked in oil and gas, but he’s having second thoughts about joining the industry now.

“My dad used to work offshore, but now he’s just an office boy,” said the 19-year-old. “That’s why I’m thinking about going into IT instead.”

Hamizan Muhammad, 20, isn’t sure what to do. He recently applied to study safety management in university so he could work offshore, but now hopes his application is rejected so he can choose another course.

“If I don’t get a placement in that course, I will consider something else, like business management,” he said.

Things have improved slightly in the past few months. The Wall Street Journal reported a 0.3% increase in the FTSE Bursa Malaysia stock market index last week, thanks to an overnight rebound in oil prices. Still, it’s hard to tell if Miri is on the road to recovery.

One thing’s for sure though – Miri-ans know how to tough it out.

With no job prospects on the horizon, Leong decided to further his studies in Mechanical Engineering so he’d be prepared when the market becomes stable.

“I already have the work experience,” he told us, “But because of the current economy, I’ll need more if I want to find a good job.”

user posted image
McColin and his father, back when they were both in the oil and gas industry. As a young person, McColin was retrenched, but his father was able to keep his job.

For McCollin Ferguson Philip, 22, getting burnt once was enough.

He used to get paid on a project basis, and one day, the projects just dried up. Shortly after that, he lost his job altogether.

“They just stopped calling back,” he said. “One second I had work, the next second I didn’t.”

Unfazed, Philip took the opportunity to explore his interests and started working as a tattoo artist to make ends meet. Tattooing is now his passion, and he has left the oil and gas world behind for good.

“After being treated like that, I couldn’t stay on in that industry. Tattooing is my career now. I have a keen interest in it and I’m confident it can support me.”

Despite not being able to afford a second degree, Ardiles isn’t giving in to his fate either. Although he doesn’t know what his next step will be, he doesn’t see himself waiting tables forever.

“It doesn’t matter if the job is in oil and gas or not, as long as it’s a permanent job with a decent salary. I just want to be able to take care of myself, my family, and my future wife and kids.”
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sukhoi35mk
post Aug 10 2016, 10:55 PM

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very nice video abt Miri and the oil crisis

https://youtu.be/8BZrgzTzFhU

This post has been edited by sukhoi35mk: Aug 10 2016, 11:00 PM
kaxe113
post Aug 11 2016, 09:41 AM

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This is a story of abam 'sad-dowh'
reading at /k and this o&g section
malaysian with different state malaysian wish to block each other from getting a position in petpanas
in front of abam 'sad-dowh' there are k-pop and j-av is negotiating with tongsan angmoh how much profit they can take from petpanas project
meanwhile several of abam 'sad-dowh' family and colleague has been retrenched and forced to sell jus rapat and qu puteh just to earn enough to feed their family
btw this abam 'sad-dowh' doakan all petpanas staff 'murah rezeki' so they can buy jus rapat and qu puteh more in future

TSmeonkutu11
post Aug 11 2016, 10:45 AM

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QUOTE(kaxe113 @ Aug 11 2016, 09:41 AM)
This is a story of abam 'sad-dowh'
reading at /k and this o&g section
malaysian with different state malaysian wish to block each other from getting a position in petpanas
in front of abam 'sad-dowh' there are k-pop and j-av is negotiating with tongsan angmoh how much profit they can take from petpanas project
meanwhile several of abam 'sad-dowh' family and colleague has been retrenched and forced to sell jus rapat and qu puteh just to earn enough to feed their family
btw this abam 'sad-dowh' doakan all petpanas staff 'murah rezeki' so they can buy jus rapat and qu puteh more in future
*
Deng! Xfaham apa yang nak disampaikan ni...sape tu abam 'sad-dowh'?

mohdyakup
post Aug 11 2016, 11:03 AM

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Reporting for new job at Gebeng today. Mengadap former client again. Aduyai. Wish me luck. Huhuhuhuhuhuhu. Senior CA are leaving on 15th August and handover today was very quick & I have to figure out myself.

I am with one of GenCon here hehehehe
y4ng
post Aug 11 2016, 11:13 AM

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QUOTE(mohdyakup @ Aug 11 2016, 11:03 AM)
Reporting for new job at Gebeng today. Mengadap former client again. Aduyai. Wish me luck. Huhuhuhuhuhuhu. Senior CA are leaving on 15th August and handover today was very quick & I have to figure out myself.

I am with one of GenCon here hehehehe
*
Im in gebeng today! Haha....depan eastman tunggu my sales dude, bosan...
mohdyakup
post Aug 11 2016, 11:33 AM

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QUOTE(y4ng @ Aug 11 2016, 11:13 AM)
Im in gebeng today! Haha....depan eastman tunggu my sales dude, bosan...
*
Niceeee brows.gif I PM you
azraeil
post Aug 11 2016, 11:39 AM

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QUOTE(mohdyakup @ Aug 11 2016, 11:03 AM)
Reporting for new job at Gebeng today. Mengadap former client again. Aduyai. Wish me luck. Huhuhuhuhuhuhu. Senior CA are leaving on 15th August and handover today was very quick & I have to figure out myself.

I am with one of GenCon here hehehehe
*
So duduk Gebeng la lepas ni?
mohdyakup
post Aug 11 2016, 11:53 AM

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QUOTE(azraeil @ Aug 11 2016, 11:39 AM)
So duduk Gebeng la lepas ni?
*
Only for six month since this project is fast track then I will be rollover to Rapid Pengerang.
mhyug
post Aug 11 2016, 12:32 PM

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QUOTE(mohdyakup @ Aug 11 2016, 11:03 AM)
Reporting for new job at Gebeng today. Mengadap former client again. Aduyai. Wish me luck. Huhuhuhuhuhuhu. Senior CA are leaving on 15th August and handover today was very quick & I have to figure out myself.

I am with one of GenCon here hehehehe
*
QUOTE(mohdyakup @ Aug 11 2016, 11:53 AM)
Only for six month since this project is fast track then I will be rollover to Rapid Pengerang.
*
hoo x lagi dgn company seblom ni ka bro? tahniah tahniah. pas ni ke johor plak. rclxms.gif
mohdyakup
post Aug 11 2016, 01:31 PM

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QUOTE(mhyug @ Aug 11 2016, 12:32 PM)
hoo x lagi dgn company seblom ni ka bro? tahniah tahniah. pas ni ke johor plak. rclxms.gif
*
Kau ada mana bro? Kemaman? Turun sini roger2 ya
Vervain
post Aug 11 2016, 02:28 PM

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QUOTE(y4ng @ Aug 11 2016, 11:13 AM)
Im in gebeng today! Haha....depan eastman tunggu my sales dude, bosan...
*
K2C project - kuantan resin plant? Pm Pm

QUOTE(mohdyakup @ Aug 11 2016, 11:53 AM)
Only for six month since this project is fast track then I will be rollover to Rapid Pengerang.
*
next week kat Kuantan? hehe. leh dtg lawat.
echobrainproject
post Aug 11 2016, 02:43 PM

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QUOTE(mohdyakup @ Aug 11 2016, 11:53 AM)
Only for six month since this project is fast track then I will be rollover to Rapid Pengerang.
*
wah you move around alot. how about your family?
mohdyakup
post Aug 11 2016, 03:50 PM

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QUOTE(Vervain @ Aug 11 2016, 02:28 PM)
K2C project - kuantan resin plant? Pm Pm
next week kat Kuantan? hehe. leh dtg lawat.
*
Boleh boss. Alaa you come here laa. Blue porta cabin just next to former Lemongrass hahahahaha
mohdyakup
post Aug 11 2016, 03:53 PM

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QUOTE(echobrainproject @ Aug 11 2016, 02:43 PM)
wah you move around alot. how about your family?
*
What to do bro. In this curent downturn I just grab whatever opportunity out there as long the rate is reasonable layan jer laaa hehehehe cannot being picky anymore


y4ng
post Aug 11 2016, 05:07 PM

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QUOTE(Vervain @ Aug 11 2016, 02:28 PM)
K2C project - kuantan resin plant? Pm Pm
next week kat Kuantan? hehe. leh dtg lawat.
*
Day trip only...left kl 5am, meeting 40min, now back in kl
Times are bad, suruh kita purging line, but less than 10m, 3/8" arghhh..but still a job
blizice
post Aug 11 2016, 09:59 PM

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http://www.mysarawak.org/2016/08/petronas-...-water-spg.html


mhyug
post Aug 11 2016, 10:04 PM

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QUOTE(mohdyakup @ Aug 11 2016, 01:31 PM)
Kau ada mana bro? Kemaman? Turun sini roger2 ya
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still in kemaman bro. will pm you if i drop by. buat masa ni tgh busy kemas yard haha.
mohdyakup
post Aug 12 2016, 05:46 AM

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QUOTE(kaxe113 @ Aug 11 2016, 09:41 AM)
This is a story of abam 'sad-dowh'
reading at /k and this o&g section
malaysian with different state malaysian wish to block each other from getting a position in petpanas
in front of abam 'sad-dowh' there are k-pop and j-av is negotiating with tongsan angmoh how much profit they can take from petpanas project
meanwhile several of abam 'sad-dowh' family and colleague has been retrenched and forced to sell jus rapat and qu puteh just to earn enough to feed their family
btw this abam 'sad-dowh' doakan all petpanas staff 'murah rezeki' so they can buy jus rapat and qu puteh more in future
*
I'm trying to understand this statement.
Prothero
post Aug 12 2016, 08:48 AM

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QUOTE(mohdyakup @ Aug 12 2016, 05:46 AM)
I'm trying to understand this statement.
*
Me as well.. It's pretty hard to decode..
Vervain
post Aug 12 2016, 10:42 AM

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QUOTE(mohdyakup @ Aug 11 2016, 03:50 PM)
Boleh boss. Alaa you come here laa. Blue porta cabin just next to former Lemongrass hahahahaha
*
Blue cabin? hmm.gif McConnell site office next to the open land with lots of pressure vessel? Haha. Ok I will drop by next week.

QUOTE(mohdyakup @ Aug 12 2016, 05:46 AM)
I'm trying to understand this statement.
*
Petpanas. laugh.gif
shahrilidzwan
post Aug 12 2016, 05:02 PM

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This is a story of abam 'sad-dowh'
reading at /k and this o&g section
malaysian with different state malaysian wish to block each other from getting a position in petpanas
in front of abam 'sad-dowh' there are k-pop and j-av is negotiating with tongsan angmoh how much profit they can take from petpanas project
meanwhile several of abam 'sad-dowh' family and colleague has been retrenched and forced to sell jus rapat and qu puteh just to earn enough to feed their family
btw this abam 'sad-dowh' doakan all petpanas staff 'murah rezeki' so they can buy jus rapat and qu puteh more in future


QUOTE(mohdyakup @ Aug 12 2016, 05:46 AM)
I'm trying to understand this statement.
*
ni yang aku paham
malaysian arguing about position in petronas sbb ke'negeri'an
korean jepunis and china take profit - barangkali rapid projek ni
still ada malaysian yg unemployed
till this stage.. ada tak petronas enforce malaysianisation kat rapid ni sbb masih ramai yg takde kerja
mohdyakup
post Aug 12 2016, 05:14 PM

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QUOTE(shahrilidzwan @ Aug 12 2016, 05:02 PM)
This is a story of abam 'sad-dowh'
reading at /k and this o&g section
malaysian with different state malaysian wish to block each other from getting a position in petpanas
in front of abam 'sad-dowh' there are k-pop and j-av is negotiating with tongsan angmoh how much profit they can take from petpanas project
meanwhile several of abam 'sad-dowh' family and colleague has been retrenched and forced to sell jus rapat and qu puteh just to earn enough to feed their family
btw this abam 'sad-dowh' doakan all petpanas staff 'murah rezeki' so they can buy jus rapat and qu puteh more in future
ni yang aku paham
malaysian arguing about position in petronas sbb ke'negeri'an
korean jepunis and china take profit - barangkali rapid projek ni
still ada malaysian yg unemployed
till this stage.. ada tak petronas enforce malaysianisation kat rapid ni sbb masih ramai yg takde kerja
*
Ahhh now I catch the drift. Hehehe.

Malaysianization on Rapid Project? I have no comment. You already know the real deal. Hehe.
mohdyakup
post Aug 12 2016, 10:27 PM

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I baru tahu today that its vey hard to get skilled Indonesian labour these days. Lotsa new & expansion projects are happening at Indonesia not only O&G but also power & MRT/LRT and tunneling projects.
neuro4869
post Aug 13 2016, 06:06 AM

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Guys if you would help me here. I have a question regarding qualifications. Does hr consider candidate with BSc in Materials Science just as much candidate with BEng in Material Science? From what i heard that for private sector, which most OnG company are they hire even those BSc graduates for engineering position.

I tried reading past threads but there are like thousands replies and too cluttered so I'm just gonna post while continue reading if that's ok.

This post has been edited by neuro4869: Aug 13 2016, 06:08 AM
feekle
post Aug 13 2016, 08:05 AM

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QUOTE(mohdyakup @ Aug 12 2016, 10:27 PM)
I baru tahu today that its vey hard to get skilled Indonesian labour these days. Lotsa new & expansion projects are happening at Indonesia not only O&G but also power & MRT/LRT and tunneling projects.
*
Locals kan ada...lel
Stamp
post Aug 13 2016, 08:48 AM

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QUOTE(neuro4869 @ Aug 13 2016, 06:06 AM)
Guys if you would help me here. I have a question regarding qualifications. Does hr consider candidate with BSc in Materials Science just as much candidate with BEng in Material Science? From what i heard that for private sector, which most OnG company are they hire even those BSc graduates for engineering position.

I tried reading past threads but there are like thousands replies and too cluttered so I'm just gonna post while continue reading if that's ok.
*
You need an engineering degree to be an engineer. None engineering degree holder can't fill in engineering posts. It is as simple as that.


TSmeonkutu11
post Aug 13 2016, 08:49 AM

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So guys, is this permit issue still ongoing? When it goijg to end?

Is there any exemption given?

I just wonder how companies handle this if the personnel needs to go to facilities in Sarawak water?
Or the one that on regular rotation to platform or rig over there.


mohdyakup
post Aug 13 2016, 08:50 AM

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QUOTE(feekle @ Aug 13 2016, 08:05 AM)
Locals kan ada...lel
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Yesza.
Stamp
post Aug 13 2016, 09:21 AM

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QUOTE(meonkutu11 @ Aug 13 2016, 08:49 AM)
So guys, is this permit issue still ongoing? When it goijg to end?

Is there any exemption given?

I just wonder how companies handle this if the personnel needs to go to facilities in Sarawak water?
Or the one that on regular rotation to platform or rig over there.
*
Petronas reports directly to PM.

It's up to PM to tell the Sarawak govt to change its mind.

But PM has to kow tow to Adenan Satem.
mohdyakup
post Aug 13 2016, 11:46 AM

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QUOTE(Stamp @ Aug 13 2016, 09:21 AM)
Petronas reports directly to PM.

It's up to PM to tell the Sarawak govt to change its mind.

But PM has to kow tow to Adenan Satem.
*
Its going to be a rough sailing for PM to kow tow Adenan Satem because on the anger of Sarawak BN MP on new Cabinet line up hehehehehe
temuai
post Aug 13 2016, 12:40 PM

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QUOTE(azraeil @ Aug 10 2016, 07:32 PM)
Option 4 - Sarawak waters only covers 12 nautical miles from shore

Oops silap, after the lifting of the Emergency Ordinance 2012 the area under Sarawak Waters is now 3 nautical miles.
*

Cuba la guna emergency ordinance 2012......😀😀😀😀😀😀😀
echobrainproject
post Aug 13 2016, 02:30 PM

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QUOTE(meonkutu11 @ Aug 13 2016, 08:49 AM)
So guys, is this permit issue still ongoing? When it goijg to end?

Is there any exemption given?

I just wonder how companies handle this if the personnel needs to go to facilities in Sarawak water?
Or the one that on regular rotation to platform or rig over there.
*
no changes so far. Monitoring the situation as applicable to all o&G not just PCSB
azraeil
post Aug 13 2016, 05:40 PM

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QUOTE(echobrainproject @ Aug 13 2016, 02:30 PM)
no changes so far. Monitoring the situation as applicable to all o&G not just PCSB
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Not getting any permit at the moment. Looks like we won't be drilling that one well.
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post Aug 13 2016, 06:06 PM

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QUOTE(azraeil @ Aug 13 2016, 05:40 PM)
Not getting any permit at the moment. Looks like we won't be drilling that one well.
*
See, this what i'm looking at. For new campaign, new crews (especially services company) will get in bind.
For which already on the table, million of efforts put into it. Now it stucked! It will cost money of course.

And this also involved other O&G projects, onshore and offshore.


Interest to know how this will end...
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New guy here. How about dEPRD in Malaysia in the next 10-20 years. Since most offshore facilities have reached their design life time.
Jason2110
post Aug 13 2016, 09:06 PM

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QUOTE(azraeil @ Aug 13 2016, 05:40 PM)
Not getting any permit at the moment. Looks like we won't be drilling that one well.
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What if personnel mob from near point such as labuan?
AtMostFear
post Aug 13 2016, 11:24 PM

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QUOTE(neuro4869 @ Aug 13 2016, 06:06 AM)
Guys if you would help me here. I have a question regarding qualifications. Does hr consider candidate with BSc in Materials Science just as much candidate with BEng in Material Science? From what i heard that for private sector, which most OnG company are they hire even those BSc graduates for engineering position.

I tried reading past threads but there are like thousands replies and too cluttered so I'm just gonna post while continue reading if that's ok.
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Not all uni offers BEng. My uni for example offers only BSc in chemical/mechanical/electrical/etc. engineering.

A good HR will check the subjects u took instead of ur degree title to know if u're suit for the position.
heliosi
post Aug 14 2016, 12:20 AM

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QUOTE(neuro4869 @ Aug 13 2016, 06:06 AM)
Guys if you would help me here. I have a question regarding qualifications. Does hr consider candidate with BSc in Materials Science just as much candidate with BEng in Material Science? From what i heard that for private sector, which most OnG company are they hire even those BSc graduates for engineering position.

I tried reading past threads but there are like thousands replies and too cluttered so I'm just gonna post while continue reading if that's ok.
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Theoretically, yes, there are variations between BEng and BSc. Supposedly one is more theoretical than the other. But typically the differences are clearer at a single university offering both degrees, than when comparing two universities offering only one of the degree variations. Please, don't twist your head so much about the differences. I'd say individual competence counts for a lot more when measuring an applicant's engineering aptitude.

Additionally, and as a previous poster mentioned, regional practice also determines the type of degree conferred. My overseas university, for example, only confers "B.Sc in XXX Engineering" degrees despite being a top tier engineering school. Historically, the school has received scholars from Petronas, ExxonMobil, JPA, etc.

But you probably already Googled that right. I like the practical tone of your question. Yes, let's face it, some HR's don't do their due diligence. Therefore to hedge yourself against this uninformed group I recommend going out of your way to - short of straight-up lying - making sure you don't give the reader the slightest impression that your degree is in anyway "lesser" than a BEng degree. This could be in the way you write your cover letter, the subjects you choose to highlight, or the projects you worked in.

And finally - something solid to back you up - check whether your university is an Engineering Accredited Programme(Engineering Accreditation Council Malaysia). If your degree is good enough for BEM (Board of Engineers Malaysia), then it should be good enough for companies. Otherwise, you can tell them to stick it up their a** and go be an Uber driver.

This post has been edited by heliosi: Aug 14 2016, 12:24 AM
nash9701
post Aug 14 2016, 12:58 AM

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Heard from my API inspector, there will no more API cert will be issued to individual starting next year including renewal. Only for those send by company n the best part is, the company must US registered. Nih jangkit dari policy Sarawak gak ker?

(^__^)
neuro4869
post Aug 14 2016, 01:13 AM

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QUOTE(AtMostFear @ Aug 13 2016, 11:24 PM)
Not all uni offers BEng. My uni for example offers only BSc in chemical/mechanical/electrical/etc. engineering.

A good HR will check the subjects u took instead of ur degree title to know if u're suit for the position.
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Are you working in OnG industry with Bsc engineering or BEng? You're right guys hr would do that, I'm just wondering about possibility that they don't.
QUOTE(heliosi @ Aug 14 2016, 12:20 AM)
Theoretically, yes, there are variations between BEng and BSc. Supposedly one is more theoretical than the other. But typically the differences are clearer at a single university offering both degrees, than when comparing two universities offering only one of the degree variations. Please, don't twist your head so much about the differences. I'd say individual competence counts for a lot more when measuring an applicant's engineering aptitude.

Additionally, and as a previous poster mentioned, regional practice also determines the type of degree conferred. My overseas university, for example, only confers "B.Sc in XXX Engineering" degrees despite being a top tier engineering school. Historically, the school has received scholars from Petronas, ExxonMobil, JPA, etc.

But you probably already Googled that right. I like the practical tone of your question. Yes, let's face it, some HR's don't do their due diligence. Therefore to hedge yourself against this uninformed group I recommend going out of your way to - short of straight-up lying - making sure you don't give the reader the slightest impression that your degree is in anyway "lesser" than a BEng degree. This could be in the way you write your cover letter, the subjects you choose to highlight, or the projects you worked in.

And finally - something solid to back you up - check whether your university is an Engineering Accredited Programme( Engineering Accreditation Council Malaysia). If your degree is good enough for BEM (Board of Engineers Malaysia), then it should be good enough for companies. Otherwise, you can tell them to stick it up their a** and go be an Uber driver.
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Is your BSc engineering recognised by BEM? Sorry for more question, but i assume that you're working in OnG industry right now? And have you ever taken any engineering role jobs(at least for private sector because i read that you can't with government)? You are absolutely right that it's mostly about convincing the hr team that you're capable for the job for them to consider you. It's just that i wonder if they immediately disqualify one's application for engineering post if the candidate only posses BSc not BEng. And I'm asking for mostly private sector because for government i know that you can't without proper qualifications. Thanks in advance.
Stamp
post Aug 14 2016, 08:42 AM

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QUOTE(meonkutu11 @ Aug 13 2016, 06:06 PM)
See, this what i'm looking at. For new campaign, new crews (especially services company) will get in bind.
For which already on the table, million of efforts put into it. Now it stucked! It will cost money of course.

And this also involved other O&G projects, onshore and offshore.
Interest to know how this will end...
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Those who have meticulously planned for months to do some retrofit works on their platforms during platform annual SHUTDOWN will also be worst hit if their staff/contractors from Malaya can't go offshore due to the freezing of work permits for Malayans by the Swak govt.

The Operation Managers must be banging their heads on the wall now.

I'm beginning to lose respect on Adenan Satem's leadership.

This post has been edited by Stamp: Aug 14 2016, 08:44 AM
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post Aug 14 2016, 09:13 AM

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QUOTE(Stamp @ Aug 13 2016, 08:48 AM)
You need an engineering degree to be an engineer. None engineering degree holder can't fill in engineering posts. It is as simple as that.
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if operation engineer? Cos i know a dude with degree in management is a former field engineer then operation engineer in a wireline company.
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post Aug 14 2016, 12:03 PM

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QUOTE(echobrainproject @ Aug 10 2016, 07:35 AM)
according to the news, it is for petronas workers intending to work in Sarawak.
However real case on the ground is that all non sarawakian involved in oil and gas (that means contractors, specialized vendors, etc) work permits are being on hold. That's the info I am getting from our agents, people on the ground.

as this involves vendors and contractors, the impact will be big.
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Yes you are right. All work permits for non sarawakian oil & gas regardless of company are now frozen
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post Aug 14 2016, 12:48 PM

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QUOTE(joe_star @ Aug 14 2016, 12:03 PM)
Yes you are right. All work permits for non sarawakian oil & gas regardless of company are now frozen
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Different to what happend in the country that I'm working now. If there is a local people qualified for that position, no permit granted for expat. So to encounter that we now have "Chief of Offshore Operations Support" which is a storekeeper, "Heavy Lift Specialist" which is crane operator, "Deepwater Drilling Specialist" which is Assistant Driller..

And that's what recommended by the local agent.


echobrainproject
post Aug 14 2016, 01:33 PM

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QUOTE(meonkutu11 @ Aug 14 2016, 12:48 PM)
Different to what happend in the country that I'm working now. If there is a local people qualified for that position, no permit granted for expat. So to encounter that we now have "Chief of Offshore Operations Support" which is a storekeeper, "Heavy Lift Specialist" which is crane operator, "Deepwater Drilling Specialist" which is Assistant Driller..

And that's what recommended by the local agent.
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here it is a blackout freeze. Does not matter what position you mentioned its halted.
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post Aug 14 2016, 02:15 PM

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QUOTE(Jason2110 @ Aug 13 2016, 09:06 PM)
What if personnel mob from near point such as labuan?
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Then Petronas really will have to berperang dengan Sarawak because even for a deployment from Labuan, Petronas policy itself requires you to have WP.

So first, we need to deploy from Labuan, then second we need to get a waiver from Petronas with regards to the requirement of WP

Yes, losing respect with Satem. Seriously short sighted and basically bakar kelambu sendiri.
echobrainproject
post Aug 14 2016, 03:06 PM

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QUOTE(azraeil @ Aug 14 2016, 02:15 PM)
Then Petronas really will have to berperang dengan Sarawak because even for a deployment from Labuan, Petronas policy itself requires you to have WP.

So first, we need to deploy from Labuan, then second we need to get a waiver from Petronas with regards to the requirement of WP

Yes, losing respect with Satem. Seriously short sighted and basically bakar kelambu sendiri.
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yes that's true. This is even before considering insurance coverage without WP (can get tricky), medevac planning, etc.
And I am from Sarawak, now managing this mess.
iamloco
post Aug 14 2016, 04:14 PM

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QUOTE(azraeil @ Aug 14 2016, 02:15 PM)
Then Petronas really will have to berperang dengan Sarawak because even for a deployment from Labuan, Petronas policy itself requires you to have WP.

So first, we need to deploy from Labuan, then second we need to get a waiver from Petronas with regards to the requirement of WP

Yes, losing respect with Satem. Seriously short sighted and basically bakar kelambu sendiri.
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Populist in action. By doing that, he will gain more support from local people, especially when the sentiment "Sarawak for Sarawakian" is going on strong currently.

And this is quoted from the local newspaper:

“Now we are putting a freeze on work permit of Petronas personnel from outside Sarawak. We have always insisted that Sarawakians be given priority. If you (Petronas) don’t do that, we’ll freeze your work permits.

“The next step is if that doesn’t work, we’ll cancel the work permits already given and replace it with our own. But we will do that step by step. We won’t do it altogether. And we want the royalty to be increased from 5 per cent to more than 5 per cent,"

Not sure whether he's in the correct state of mind or not. I'm sure he knows that PETRONAS has ZERO control over oil royalty to Sarawak.

This post has been edited by iamloco: Aug 14 2016, 04:15 PM
mohdyakup
post Aug 14 2016, 05:24 PM

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I am 100% behind Adenan Satem.
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post Aug 14 2016, 05:52 PM

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QUOTE(mohdyakup @ Aug 14 2016, 05:24 PM)
I am 100% behind Adenan Satem.
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I can understand your sentiment over Adenan Satem.

But you were not being objective.

For this case, I am 100% not with you. bruce.gif
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post Aug 14 2016, 06:02 PM

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QUOTE(echobrainproject @ Aug 14 2016, 01:33 PM)
here it is a blackout freeze. Does not matter what position you mentioned its halted.
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I guess the work permit freeze will affect every one from Malaya and in ALL industries?

So, the Borneo hiway project, will it be affected also?

I know that Ranhill Civil is JVying with Sarawak companies to carry out the hiway project.
Jason2110
post Aug 14 2016, 08:56 PM

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Any decommissioning expert here? For offshore facilities

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post Aug 14 2016, 10:51 PM

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QUOTE(iamloco @ Aug 14 2016, 04:14 PM)
Populist in action. By doing that, he will gain more support from local people, especially when the sentiment "Sarawak for Sarawakian" is going on strong currently.

And this is quoted from the local newspaper:

“Now we are putting a freeze on work permit of Petronas personnel from outside Sarawak. We have always insisted that Sarawakians be given priority. If you (Petronas) don’t do that, we’ll freeze your work permits.

“The next step is if that doesn’t work, we’ll cancel the work permits already given and replace it with our own. But we will do that step by step. We won’t do it altogether. And we want the royalty to be increased from 5 per cent to more than 5 per cent,"

Not sure whether he's in the correct state of mind or not. I'm sure he knows that PETRONAS has ZERO control over oil royalty to Sarawak.
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of coz he knows the oil royalty thing petronas has no control over it

thats why during state election he discussed with najib, not petronas ceo

with that being said, tok nan thumbup.gif thumbup.gif

This post has been edited by SGSuser: Aug 14 2016, 10:52 PM
AtMostFear
post Aug 14 2016, 11:09 PM

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QUOTE(neuro4869 @ Aug 14 2016, 01:13 AM)
Are you working in OnG industry with Bsc engineering or BEng? You're right guys hr would do that, I'm just wondering about possibility that they don't..
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BSc in mechanical engineering. Went to tons of OnG interviews, none of them asked why I took BSc or why my uni didn't offer BEng etc. They didn't really care as long as my course is relevant. If they already called u for an interview it means u're suitable for the pposition, the interview is just to check if u're better than other called candidates.
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post Aug 15 2016, 05:44 AM

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QUOTE(mohdyakup @ Aug 14 2016, 05:24 PM)
I am 100% behind Adenan Satem.
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Are you behind these clueless clowns too?


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post Aug 15 2016, 06:04 AM

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QUOTE(iamloco @ Aug 14 2016, 04:14 PM)
Populist in action. By doing that, he will gain more support from local people, especially when the sentiment "Sarawak for Sarawakian" is going on strong currently.

And this is quoted from the local newspaper:

“Now we are putting a freeze on work permit of Petronas personnel from outside Sarawak. We have always insisted that Sarawakians be given priority. If you (Petronas) don’t do that, we’ll freeze your work permits.

“The next step is if that doesn’t work, we’ll cancel the work permits already given and replace it with our own. But we will do that step by step. We won’t do it altogether. And we want the royalty to be increased from 5 per cent to more than 5 per cent,"

Not sure whether he's in the correct state of mind or not. I'm sure he knows that PETRONAS has ZERO contro9l over oil royalty to Sarawak.
*
The thing is that..for quite some time...sarawak immigration knows that many in sko don't have work permit. How they manage to stay all these while is beyond me.

echobrainproject
post Aug 15 2016, 08:27 AM

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QUOTE(Stamp @ Aug 14 2016, 06:02 PM)
I guess the work permit freeze will affect every one from Malaya and in ALL industries?

So, the Borneo hiway project, will it be affected also?

I know that Ranhill Civil is JVying with Sarawak companies to carry out the hiway project.
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strictly oil and gas, not limited to petronas but all operators, contractors, vendors, etc
mohdyakup
post Aug 15 2016, 08:41 AM

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QUOTE(iamloco @ Aug 15 2016, 05:44 AM)
Are you behind these clueless clowns too?
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Thats rude remark you got there. Harap aku sik terjumpa kau rah Miri dudi ari kelak bro.
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post Aug 15 2016, 08:48 AM

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Sitok aku nambah sikit. All these fiasco happen because of long vengeance by Sarawakian against Semenanjung peoples, you know all these tasteless remarks macam2 and I dont have to emphasize more. Aku pun dah lama bersabar, since 2001 hehe. Nunggu masa nak balas dendam jak. Dah overdue.

I hope there is no politician from Semenanjung side saying to Sarawak "You tak suka, you keluar" remark this week. Hehe.

I only have vengeance to certain Semenanjung peoples which I personally known on the past but I intend not to make any enemies in this thread.

Peace bohhh.
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post Aug 15 2016, 09:33 AM

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x abis lagi ke issue sarawak ni? huhuhu...
aku malas nak campur...cuma komen aku,

pi undi BN dulu apesal? Sabah & Sarawak known as fixed deposit BN.
Org semanjung dah lama tolak BN.

So now kita telan la selow2 ekkk...thanks BN.
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post Aug 15 2016, 09:54 AM

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imo, diorang buat semua ni sebab diorang ada agenda sendiri. by diorang, i mean ahli politik. i think they are not really perjuangkan sarawakian right. they just use this kind of sentiment for their own agenda. they don't care about what will happen to malaysia economy and how it will affect perpaduan of malaysian.

if diorang betul2 buat ni for sarawakian, they will plan first before implementing this. they will consider all factors and prepare for the worst. tapi i tengok langsung takde plan or whatsoever how to handle this. i think this will just make things worse. nanti johor, terengganu, kelantan semua nak claim mcm ni. hancusss doh.gif doh.gif
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QUOTE(mohdyakup @ Aug 15 2016, 08:48 AM)
Sitok aku nambah sikit. All these fiasco happen because of long vengeance by Sarawakian against Semenanjung peoples, you know all these tasteless remarks macam2 and I dont have to emphasize more. Aku pun dah lama bersabar, since 2001 hehe. Nunggu masa nak balas dendam jak. Dah overdue.

I hope there is no politician from Semenanjung side saying to Sarawak "You tak suka, you keluar" remark this week. Hehe.

I only have vengeance to certain Semenanjung peoples which I personally known on the past but I intend not to make any enemies in this thread.

Peace bohhh.
*
unfortunately you generalized all Semenanjung peoples to have treated Sarawakians badly. not all of us are evil you know. the recent action by Adenan to freeze work permit will affect some of your Semenanjung friends, you know.
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QUOTE(hassan_hussein @ Aug 15 2016, 09:54 AM)
imo, diorang buat semua ni sebab diorang ada agenda sendiri. by diorang, i mean ahli politik. i think they are not really perjuangkan sarawakian right. they just use this kind of sentiment for their own agenda. they don't care about what will happen to malaysia economy and how it will affect perpaduan of malaysian.

if diorang betul2 buat ni for sarawakian, they will plan first before implementing this. they will consider all factors and prepare for the worst. tapi i tengok langsung takde plan or whatsoever how to handle this. i think this will just make things worse. nanti johor, terengganu, kelantan semua nak claim mcm ni. hancusss  doh.gif  doh.gif
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tepat sekali. thumbup.gif


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post Aug 15 2016, 10:23 AM

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QUOTE(mohdyakup @ Aug 15 2016, 08:41 AM)
Thats rude remark you got there. Harap aku sik terjumpa kau rah Miri dudi ari kelak bro.
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Aie, alu nak mengugut indah. Cuba mbak ilek lok

Ko tauk sik apa perjuangan S4S tok sbenanya? Apa agenda sidak? Pahal aku nangga majoriti cdak non bumi yg drive? Cdak non bumi S4S tok kakar srawak pun xtauk kali. Dah x cukup pegang ekonomi, now mok pegang politik dgn cara divide n conquer?

Aku xda masalah ngn perjuangan tok nan psl higher oil royalty. Ya adalah satu perjuangan yg relevan.

Tapi tindakan bekukan work permit sebab tekanan sesetengah pihak ialah x patut.

S4S? Ya plg mengarut.


mohdyakup
post Aug 15 2016, 10:37 AM

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QUOTE(iamloco @ Aug 15 2016, 10:23 AM)
Aie, alu nak mengugut indah. Cuba mbak ilek lok

Ko tauk sik apa perjuangan S4S tok sbenanya? Apa agenda sidak? Pahal aku nangga majoriti cdak non bumi yg drive? Cdak non bumi S4S tok kakar srawak pun xtauk kali. Dah x cukup pegang ekonomi, now mok pegang politik dgn cara divide n conquer?

Aku xda masalah ngn perjuangan tok nan psl higher oil royalty. Ya adalah satu perjuangan yg relevan.

Tapi tindakan bekukan work permit sebab tekanan sesetengah pihak ialah x patut.

S4S? Ya plg mengarut.
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I think S4S ya is a good movement toward autonomous governance. Aku sik rasa ya mengarut. Sampei bila kita tok jadi angguk palak ajak ngan sidak Federal.
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post Aug 15 2016, 10:48 AM

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Sarawak for sarawakian. Semananjung also open for sarawakian.

So what is mine is mine. What is yours is mine also.
echobrainproject
post Aug 15 2016, 12:04 PM

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chill out guys.
I'm Sarawakian. Working with West Malaysians and also international clients.
Our offshore team is mixed. Let's work together.

If price goes down further you and I will have cheaper foreign workers working with us offshore. Imagine that. Actually, just start to look at some local yards.

When politicians do stuff like these, it sparks feelings, but look around you, its not making anything better.
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QUOTE(echobrainproject @ Aug 15 2016, 12:04 PM)
When politicians do stuff like these, it sparks feelings, but look around you, its not making anything better.
*
I agree. In all honesty the competition should be out there, not among us Malaysians. Let's work this out and move on.

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post Aug 15 2016, 01:07 PM

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Sarawak is underdeveloped. Not even having a proper highway. Oil extracted from Sarawak but used for Semenanjung.

if Sarawak is well developed like Johor, we wont see Sarawakian complaining these days.
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post Aug 15 2016, 01:23 PM

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Jangan gaduh gaduh. We can agree to disagree.
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post Aug 15 2016, 01:33 PM

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I need a Civil ConSup for three month short contract. Need an experienced personnel, O&G onshore donwstream experience is desirable but not mandatory. Must be willing to work at Gebeng.

PM me.
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QUOTE(poosk @ Aug 15 2016, 01:07 PM)
Sarawak is underdeveloped. Not even having a proper highway. Oil extracted from Sarawak but used for Semenanjung.

if Sarawak is well developed like Johor, we wont see Sarawakian complaining these days.
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Sarawak (and Sabah) needs to open its door bigger to outsiders (Malayans included) in order to develop.

Ask any economist, he will tell you the same why Sarawak and Sabah are not as developed as those states in Malaya.

Okeylah, my last digress from the career thread.
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post Aug 15 2016, 02:20 PM

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QUOTE(poosk @ Aug 15 2016, 01:07 PM)
Sarawak is underdeveloped. Not even having a proper highway. Oil extracted from Sarawak but used for Semenanjung.

if Sarawak is well developed like Johor, we wont see Sarawakian complaining these days.
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i can't understand your point here. did u mean sarawak is underdeveloped because there are a lot of people who is non-sarawakian work in sarawak? could u please elaborate a bit?

can't everyone discover already the politicians with their game here? i think takde langsung relation between an underdeveloped country/state dgn siapa yg kerja in that country/state. ni semua agenda politik je. sebabkan politik semua rakyat berpecah and maki hamun sama sendiri. politicians semua rileks goyang kaki duit masyuk.
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VROOM VROOoooommmmm!!!
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QUOTE(iamloco @ Aug 15 2016, 10:23 AM)
Aie, alu nak mengugut indah. Cuba mbak ilek lok

Ko tauk sik apa perjuangan S4S tok sbenanya? Apa agenda sidak? Pahal aku nangga majoriti cdak non bumi yg drive? Cdak non bumi S4S tok kakar srawak pun xtauk kali. Dah x cukup pegang ekonomi, now mok pegang politik dgn cara divide n conquer?

Aku xda masalah ngn perjuangan tok nan psl higher oil royalty. Ya adalah satu perjuangan yg relevan.

Tapi tindakan bekukan work permit sebab tekanan sesetengah pihak ialah x patut.

S4S? Ya plg mengarut.
*
Mun sidak sik bersuara, sapa lah gk maok? orang kita lamak tok hangguk hangguk jak. Tok bila non bumi molah movement, di padah ada agenda tersembunyi. Kita sik dapat nyalah sidak nya megang economy, setimpal dengan usaha sidak nya.. Org kita tok, nak madah berbisnes sik mok sakit..sik mok susah..ber Ali baba jak kulu kilir. madah sikda duit lah tok lah ya lah. Sik cukup ya..dengki ngan pangan dirik gk. adehs.

This post has been edited by DuFfz: Aug 15 2016, 03:04 PM
sukhoi35mk
post Aug 15 2016, 05:33 PM

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can OPEC really stabilize the market with production cut while US shale players continue to increase their drilling activity

QUOTE
Oil prices edge up Monday on potential producer action to prop up market

SINGAPORE: Oil prices edged up early on Monday and have risen more than 10 percent since the start of the month as speculation intensifies about potential producer action to support prices in an oversupplied market.

International Brent crude oil futures were trading at $47.10 per barrel at 0018 GMT (08:18 p.m. EDT), up 13 cents from their last settlement, and over 10 percent above the last close in July.

U.S. West Texas Intermediate crude futures were at $44.65 a barrel, up 16 cents from their last close.

"Oil posted another ... gain as speculation of potential production freezes by OPEC picked up pace. Saudi Arabia signaled that it is prepared to discuss stabilizing the markets at informal OPEC discussions next month," ANZ bank said on Monday.

"This was despite another strong rise in drilling activity in the U.S. ... Baker Hughes data showed the number of rigs operating in the U.S. rose by 15 last week to 396," it added.

After falling sharply from over 1,600 in 2014, before the price rout started, to a low of just 316 in late May, the U.S. oil rig count has steadily risen since then as U.S. producers have adjusted to lower prices.- Reuters

sukhoi35mk
post Aug 15 2016, 05:42 PM

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everything will end well soon

QUOTE
Sarawak DCM calls first meet with Petronas fruitful

KUCHING, Aug 15 — Sarawak Deputy Chief Minister Datuk Amar Douglas Uggah Embas said he had a fruitful meeting with officials from state oil firm Petronas on complaints against alleged discrimination of locals.

“The meeting is productive, and we will meet again this Saturday to iron out on all the issues to the finest details,” Uggah said in a brief statement handed over to the waiting reporters at Wisma Bapa Malaysia.

Uggah was accompanied by Sarawak State Secretary Tan Sri Morshidi Ghani in the private meeting while Petronas was represented by its executive vice president and chief executive officer (upstream) Datuk Mohd Anuar Taib.

Also in the Petronas delegation were senior vice president of group human resource management, Datuk Raiha Azni Abdul Rahman, and senior vice president of corporate strategy Adif Zulkifli.

The meeting was held following the Sarawak government’s decision to place on moratorium on all new applications for work permits for Petronas’ employees from outside Sarawak to work in the state.

The move was in response to complaints by state-sponsored think-tank Suarah Petroleum Group (SPG) that Petronas was treating Sarawak natives in its workforce unfairly.

SPG president Hamin Yusuf claimed that the removal of 29 permanent posts had resulted in the retrenchment of 13 experienced staff from Sarawak in Petronas’ upstream restructuring exercise.

In its reply, Petronas said that the decision by the state government to freeze all new applications for work permits might be based on a misinterpretation that its recent group-wide business restructuring had unfairly impacted its employees from Sarawak.

On August 5, Chief Minister Tan Sri Adenan Satem threatened to cancel the work permits of non-local employees in Petronas if Sarawakians were not given priority to fill senior positions.

- See more at: http://www.themalaymailonline.com/malaysia...h.P4ezVYPe.dpuf

feekle
post Aug 15 2016, 06:15 PM

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QUOTE(sukhoi35mk @ Aug 15 2016, 05:42 PM)
everything will end well soon
*
Rumor has it that uggah's brother is some pangkat guy in petronas kl
SGSuser
post Aug 15 2016, 11:30 PM

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QUOTE(BaRT @ Aug 15 2016, 09:33 AM)
x abis lagi ke issue sarawak ni? huhuhu...
aku malas nak campur...cuma komen aku,

pi undi BN dulu apesal? Sabah & Sarawak known as fixed deposit BN.
Org semanjung dah lama tolak BN.

So now kita telan la selow2 ekkk...thanks BN.
*
err no


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fraz006
post Aug 16 2016, 12:37 AM

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QUOTE(SGSuser @ Aug 15 2016, 11:30 PM)
err no
» Click to show Spoiler - click again to hide... «

*
if you gauge by landsize , it sures looks like bluish peninsular. reality is= total no of PR voters>total no of BN voters in peninsular. cities are crowded with them PR voters.

if not mistaken its called gerry mongering?
SGSuser
post Aug 16 2016, 01:18 AM

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QUOTE(fraz006 @ Aug 16 2016, 12:37 AM)
if you gauge by landsize , it sures looks like bluish peninsular. reality is= total no of PR voters>total no of BN voters in peninsular. cities are crowded with them PR voters.

if not mistaken its called gerry mongering?
*
yeah pr won in popular vote, still didnt lead to anythg did it

just sayin
mark_vyz
post Aug 16 2016, 05:00 AM

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somehow felt like i'm reading a /k thread.
So far for my current project, haven't felt anything wrt this heat.
Latest i heard from my friend, even seafarers pun sarawak gov wont accept to work at sko water. Drilling team the whole team sangkut.

Been wondering how about teachers??
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post Aug 16 2016, 05:09 AM

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PETALING JAYA: Minister in the Prime Minister’s Department Nancy Shukri is hoping for a quick solution to the issue of non-Sarawakian workers in Petronas in the state, reported Borneo Post Online.
Nancy, who is from Sarawak, said the state government’s decision to freeze new work permit applications by Petronas personnel who wanted to work in the state, had its merits.
In recent weeks, Sarawakian politicians on both sides of the divide have been hitting out at Petronas, after a Sarawakian non-profit organisation, Suarah Petroleum Group (SPG), cried foul over Petronas’s lack of prioritisation of Sarawakians in its operations in the state.
Last Monday, the state government froze all work permits for non-Sarawakian Petronas employees until further notice.
Nancy said she was perturbed by many comments surrounding the issue, and feared that if it was not resolved fast, it would lead to an “unhealthy” relationship between Petronas and the state government.
The PBB leader said Sarawakians were becoming more aware of their constitutional rights and the state government had to act accordingly in their interests.

Nancy, who is Batang Sadong MP, voiced hope that Petronas and the state government would resolve the issue promptly.
“There may be opportunists out there wishing us to prolong the issue which doesn’t bring us anywhere. Just think of the employees who have families to feed and continue with their family responsibilities.”
Meanwhile, in another Borneo Post online report, DAP Serian chairman Edward Andrew Luak called on Petronas to emulate Shell Malaysia, which practised ‘Borneonisation’ of its management team in the state.
Edward, a former Shell employee, said in Shell, Sarawakians headed most of the various sections of the operations in its Miri headquarters, while Sarawakians were also put in charge of the operations, technical division, personnel management, corporate affairs and others.
“We witnessed Shell Malaysia, Sarawak Operations and Shell MDS being led by Sarawakians. This scenario is hardly seen in Petronas.
“The board of directors of Petronas and its subsidiary companies, particularly Petronas Carigali, are Malayan (Peninsular Malaysian)-monopolised. Promotions in Petronas are Malayan-driven. Recruitment of professionals, as well as technical staff, is Malayan-driven.
Edward said many people in the state believed that there were Sarawakians who were on par or even better than their Peninsular Malaysian peers, since many of them were among the cream of the crop from local and overseas institutions of higher learning.

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post Aug 16 2016, 07:28 AM

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QUOTE(mark_vyz @ Aug 16 2016, 05:09 AM)
PETALING JAYA: Minister in the Prime Minister’s Department Nancy Shukri is hoping for a quick solution to the issue of non-Sarawakian workers in Petronas in the state, reported Borneo Post Online.
Nancy, who is from Sarawak, said the state government’s decision to freeze new work permit applications by Petronas personnel who wanted to work in the state, had its merits.
In recent weeks, Sarawakian politicians on both sides of the divide have been hitting out at Petronas, after a Sarawakian non-profit organisation, Suarah Petroleum Group (SPG), cried foul over Petronas’s lack of prioritisation of Sarawakians in its operations in the state.
Last Monday, the state government froze all work permits for non-Sarawakian Petronas employees until further notice.
Nancy said she was perturbed by many comments surrounding the issue, and feared that if it was not resolved fast, it would lead to an “unhealthy” relationship between Petronas and the state government.
The PBB leader said Sarawakians were becoming more aware of their constitutional rights and the state government had to act accordingly in their interests.

Nancy, who is Batang Sadong MP, voiced hope that Petronas and the state government would resolve the issue promptly.
“There may be opportunists out there wishing us to prolong the issue which doesn’t bring us anywhere. Just think of the employees who have families to feed and continue with their family responsibilities.”
Meanwhile, in another Borneo Post online report, DAP Serian chairman Edward Andrew Luak called on Petronas to emulate Shell Malaysia, which practised ‘Borneonisation’ of its management team in the state.
Edward, a former Shell employee, said in Shell, Sarawakians headed most of the various sections of the operations in its Miri headquarters, while Sarawakians were also put in charge of the operations, technical division, personnel management, corporate affairs and others.
“We witnessed Shell Malaysia, Sarawak Operations and Shell MDS being led by Sarawakians. This scenario is hardly seen in Petronas.
“The board of directors of Petronas and its subsidiary companies, particularly Petronas Carigali, are Malayan (Peninsular Malaysian)-monopolised. Promotions in Petronas are Malayan-driven. Recruitment of professionals, as well as technical staff, is Malayan-driven.
Edward said many people in the state believed that there were Sarawakians who were on par or even better than their Peninsular Malaysian peers, since many of them were among the cream of the crop from local and overseas institutions of higher learning.

*
"Malayan". Wow.
TheReaderReads
post Aug 16 2016, 08:49 AM

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QUOTE(mark_vyz @ Aug 16 2016, 05:09 AM)
PETALING JAYA: Minister in the Prime Minister’s Department Nancy Shukri is hoping for a quick solution to the issue of non-Sarawakian workers in Petronas in the state, reported Borneo Post Online.
Nancy, who is from Sarawak, said the state government’s decision to freeze new work permit applications by Petronas personnel who wanted to work in the state, had its merits.
In recent weeks, Sarawakian politicians on both sides of the divide have been hitting out at Petronas, after a Sarawakian non-profit organisation, Suarah Petroleum Group (SPG), cried foul over Petronas’s lack of prioritisation of Sarawakians in its operations in the state.
Last Monday, the state government froze all work permits for non-Sarawakian Petronas employees until further notice.
Nancy said she was perturbed by many comments surrounding the issue, and feared that if it was not resolved fast, it would lead to an “unhealthy” relationship between Petronas and the state government.
The PBB leader said Sarawakians were becoming more aware of their constitutional rights and the state government had to act accordingly in their interests.

Nancy, who is Batang Sadong MP, voiced hope that Petronas and the state government would resolve the issue promptly.
“There may be opportunists out there wishing us to prolong the issue which doesn’t bring us anywhere. Just think of the employees who have families to feed and continue with their family responsibilities.”
Meanwhile, in another Borneo Post online report, DAP Serian chairman Edward Andrew Luak called on Petronas to emulate Shell Malaysia, which practised ‘Borneonisation’ of its management team in the state.
Edward, a former Shell employee, said in Shell, Sarawakians headed most of the various sections of the operations in its Miri headquarters, while Sarawakians were also put in charge of the operations, technical division, personnel management, corporate affairs and others.
“We witnessed Shell Malaysia, Sarawak Operations and Shell MDS being led by Sarawakians. This scenario is hardly seen in Petronas.
“The board of directors of Petronas and its subsidiary companies, particularly Petronas Carigali, are Malayan (Peninsular Malaysian)-monopolised. Promotions in Petronas are Malayan-driven. Recruitment of professionals, as well as technical staff, is Malayan-driven.
Edward said many people in the state believed that there were Sarawakians who were on par or even better than their Peninsular Malaysian peers, since many of them were among the cream of the crop from local and overseas institutions of higher learning.

*
and these shell staffs are cream of the crops

many of these creams would rather ditch petronas for shell if not mistaken.

just shows that sarawakians too have their quality people.
sukhoi35mk
post Aug 16 2016, 08:56 AM

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not sure if this working permit freeze really for O&G players or only target our NOC but my colleague just flew to Kuching from Semanjung for a DS brown field project owned by Assar Chemical... gonna to stuck there for 3 months...
mohdyakup
post Aug 16 2016, 09:16 AM

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QUOTE(sukhoi35mk @ Aug 16 2016, 08:56 AM)
not sure if this working permit freeze really for O&G players or only target our NOC but my colleague just flew to Kuching from Semanjung for a DS brown field project owned by Assar Chemical... gonna to stuck there for 3 months...
*
Assar Chemicals is own by Sarawak State Govt
sukhoi35mk
post Aug 16 2016, 09:19 AM

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QUOTE(mark_vyz @ Aug 16 2016, 05:09 AM)
PETALING JAYA: Minister in the Prime Minister’s Department Nancy Shukri is hoping for a quick solution to the issue of non-Sarawakian workers in Petronas in the state, reported Borneo Post Online.
Nancy, who is from Sarawak, said the state government’s decision to freeze new work permit applications by Petronas personnel who wanted to work in the state, had its merits.
In recent weeks, Sarawakian politicians on both sides of the divide have been hitting out at Petronas, after a Sarawakian non-profit organisation, Suarah Petroleum Group (SPG), cried foul over Petronas’s lack of prioritisation of Sarawakians in its operations in the state.
Last Monday, the state government froze all work permits for non-Sarawakian Petronas employees until further notice.
Nancy said she was perturbed by many comments surrounding the issue, and feared that if it was not resolved fast, it would lead to an “unhealthy” relationship between Petronas and the state government.
The PBB leader said Sarawakians were becoming more aware of their constitutional rights and the state government had to act accordingly in their interests.

Nancy, who is Batang Sadong MP, voiced hope that Petronas and the state government would resolve the issue promptly.
“There may be opportunists out there wishing us to prolong the issue which doesn’t bring us anywhere. Just think of the employees who have families to feed and continue with their family responsibilities.”
Meanwhile, in another Borneo Post online report, DAP Serian chairman Edward Andrew Luak called on Petronas to emulate Shell Malaysia, which practised ‘Borneonisation’ of its management team in the state.
Edward, a former Shell employee, said in Shell, Sarawakians headed most of the various sections of the operations in its Miri headquarters, while Sarawakians were also put in charge of the operations, technical division, personnel management, corporate affairs and others.
“We witnessed Shell Malaysia, Sarawak Operations and Shell MDS being led by Sarawakians. This scenario is hardly seen in Petronas.
“The board of directors of Petronas and its subsidiary companies, particularly Petronas Carigali, are Malayan (Peninsular Malaysian)-monopolised. Promotions in Petronas are Malayan-driven. Recruitment of professionals, as well as technical staff, is Malayan-driven.
Edward said many people in the state believed that there were Sarawakians who were on par or even better than their Peninsular Malaysian peers, since many of them were among the cream of the crop from local and overseas institutions of higher learning.

*
that's why i believe Shell will not affected by the working permit issue.... the chairman of shell malaysia is a sarawakian.... Idris Jala also ex-Shell MD... tongue.gif
mohdyakup
post Aug 16 2016, 09:19 AM

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Nah boleh cuba. Seafarers who working with MISC LNG vessel memang meletup diorang punya gaji asalkan tahan fizikal dan mental jer


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post Aug 16 2016, 10:05 AM

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QUOTE(fraz006 @ Aug 16 2016, 12:37 AM)
if you gauge by landsize , it sures looks like bluish peninsular. reality is= total no of PR voters>total no of BN voters in peninsular. cities are crowded with them PR voters.

if not mistaken its called gerry mongering?
*
*gerrymandering
fraz006
post Aug 16 2016, 11:48 AM

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QUOTE(mohdyakup @ Aug 16 2016, 09:19 AM)
Nah boleh cuba. Seafarers who working with MISC LNG vessel memang meletup diorang punya gaji asalkan tahan fizikal dan mental jer
*
what are the qulification requirements?
mohdyakup
post Aug 16 2016, 11:51 AM

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QUOTE(fraz006 @ Aug 16 2016, 11:48 AM)
what are the qulification requirements?
*
Good academic result in SPM (preferable from Science stream) and must credit Add Math, Chemistry and Physics.

Tidak berperut boroi dan sado sedikit adalah digalakkan.

Good command in English is a must.
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post Aug 16 2016, 11:52 AM

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Check the details requirement at JobsMalaysia for ALAM opening
fraz006
post Aug 16 2016, 11:54 AM

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about sarawak issue.

i think, if no choice, pe7ron@s will just swap WestM with EastM staffs. they wont hire new. so no new srawakian will get to join

as a husband to a sarawakian. i understand what actually terbuku in them. if I am swakian,id ve feel the same.
mhyug
post Aug 16 2016, 12:27 PM

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thread got heated last few pages. relax rakan2. sama kita membina x kira la srwak ke sabah ke semenanjung ke kedah ke klate ke.

peace yo.
fraz006
post Aug 16 2016, 12:36 PM

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QUOTE(mohdyakup @ Aug 16 2016, 11:52 AM)
Check the details requirement at JobsMalaysia for ALAM opening
*
<25 years and not married. tak layak

however, i just posted this in whatsapp groups
sukhoi35mk
post Aug 16 2016, 01:07 PM

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i think there is a thread for Seafarers back in 2011 this is the salary scales of MISC... salary + allowance asian rate....

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mohdyakup
post Aug 16 2016, 02:02 PM

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QUOTE(sukhoi35mk @ Aug 16 2016, 01:07 PM)
i think there is a thread for Seafarers back in 2011 this is the salary scales of MISC... salary + allowance asian rate....

» Click to show Spoiler - click again to hide... «

*
Very informative! But it havent cover sign-on & sign-off bonus and other allowance hehehehe
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post Aug 16 2016, 03:26 PM

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QUOTE(mohdyakup @ Aug 16 2016, 02:02 PM)
Very informative! But it havent cover sign-on & sign-off bonus and other allowance hehehehe
*
this one from ALAM.... but currently unemployment rate for local seafarers are high...not sure if the info below still correct...

user posted image
nash9701
post Aug 16 2016, 04:15 PM

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Got news there is incident involve fatalities at Petronas Bintulu Fertilizer this morning

This post has been edited by nash9701: Aug 16 2016, 04:16 PM
gulagulahacks
post Aug 16 2016, 04:31 PM

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QUOTE(mohdyakup @ Aug 15 2016, 08:48 AM)
Sitok aku nambah sikit. All these fiasco happen because of long vengeance by Sarawakian against Semenanjung peoples, you know all these tasteless remarks macam2 and I dont have to emphasize more. Aku pun dah lama bersabar, since 2001 hehe. Nunggu masa nak balas dendam jak. Dah overdue.

I hope there is no politician from Semenanjung side saying to Sarawak "You tak suka, you keluar" remark this week. Hehe.

I only have vengeance to certain Semenanjung peoples which I personally known on the past but I intend not to make any enemies in this thread.

Peace bohhh.
*
it is not semanjung ppl. it is Beee Enddd.
SGSuser
post Aug 16 2016, 04:34 PM

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QUOTE(nash9701 @ Aug 16 2016, 04:15 PM)
Got news there is incident involve fatalities at Petronas Bintulu Fertilizer this morning
*
i think it's in sipitang not btu
bohtakchinalways
post Aug 16 2016, 04:45 PM

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this forum becoming political and more out of context.

im tired reading about work permit and im right your wrong




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post Aug 16 2016, 05:01 PM

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PETRONAS-NAGA1-OPHIR


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post Aug 16 2016, 07:02 PM

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MMHE in EPIC Malaysia pact


Malaysian yard players set up joint venture to provide marine vessel repair services
Two Malaysian fabricators have come together in a joint venture aimed at providing repair services to the marine vessel sector.

Malaysia Marine & Heavy Engineering (MMHE) and Eastern Pacific Industrial Corporation (EPIC) have formed MMHE EPIC Marine & Services.

The joint venture is 70% owned by MMHE, with partner EPIC holding the balance.

The two have already bought and taken delivery of a 5000-tonne floating dock from Yeisu Ocean of South Korea, which is not stationed at EPIC’s shiprepair facility in Kemaman, Terengganu on Peninsular Malaysia’s east coast.

EPIC chief executive En Noor Fadzil Mohamed said: “Being a state-linked company, this joint venture agreement with MMHE can also be seen as part of the state’s sub-projects, in order to spearhead the oil and gas industrial sectors to grow stronger, and further contribute to the state’s economic sector.”
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post Aug 16 2016, 07:45 PM

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QUOTE(meonkutu11 @ Aug 16 2016, 07:02 PM)
MMHE in EPIC Malaysia pact
Malaysian yard players set up joint venture to provide marine vessel repair services
Two Malaysian fabricators have come together in a joint venture aimed at providing repair services to the marine vessel sector.

Malaysia Marine & Heavy Engineering (MMHE) and Eastern Pacific Industrial Corporation (EPIC) have formed MMHE EPIC Marine & Services.

The joint venture is 70% owned by MMHE, with partner EPIC holding the balance.

The two have already bought and taken delivery of a 5000-tonne floating dock from Yeisu Ocean of South Korea, which is not stationed at EPIC’s shiprepair facility in Kemaman, Terengganu on Peninsular Malaysia’s east coast.

EPIC chief executive En Noor Fadzil Mohamed said: “Being a state-linked company, this joint venture agreement with MMHE can also be seen as part of the state’s sub-projects, in order to spearhead the oil and gas industrial sectors to grow stronger, and further contribute to the state’s economic sector.”
*

oo maybe thats what the square thing parked beside the 2 umw jackups near the ksb docks.
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post Aug 16 2016, 08:22 PM

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QUOTE(mhyug @ Aug 16 2016, 07:45 PM)
oo maybe thats what the square thing parked beside the 2 umw jackups near the ksb docks.
*
Beside these JUs


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779364
post Aug 16 2016, 08:31 PM

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QUOTE(nash9701 @ Aug 16 2016, 04:15 PM)
Got news there is incident involve fatalities at Petronas Bintulu Fertilizer this morning
*
Its Sipitang, Sabah. Safety pause activated by group OPU
nash9701
post Aug 17 2016, 12:00 AM

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QUOTE(779364 @ Aug 16 2016, 08:31 PM)
Its Sipitang, Sabah. Safety pause activated by group OPU
*
This plant quite new right? Just commisioned if not mistaken
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post Aug 17 2016, 02:23 AM

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Its SAMUR at sipitang sabah. Two dead, 1 hospitalized, two outpatient.
With all the Petronas work permit fiasco and now this..
779364
post Aug 17 2016, 07:38 AM

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QUOTE(nash9701 @ Aug 17 2016, 12:00 AM)
This plant quite new right? Just commisioned if not mistaken
*
If not mistaken, it was commisioned last year
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post Aug 17 2016, 09:52 AM

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nah... this has nothing to do with S4S or any "kenegerian" sentiment but current crisis in sarawak which affecting the O&G... no politic elements... readers discretion advised..

QUOTE
90 work permits put on hold

in the news, it's clear indicate that it's for Petronas and its subsidiaries only....  others O&G companies are business as usual

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This post has been edited by sukhoi35mk: Aug 17 2016, 09:57 AM
sukhoi35mk
post Aug 17 2016, 10:03 AM

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Two dead in ammonia leak at Petronas plant

KOTA KINABALU, Aug 16 ― An ammonia leak at a Petronas plant in Sipitang, near here this morning killed two workers and injured three others.

Petronas Chemicals Group Berhad (PCG) confirmed the incident at 9.30am this morning at the Petronas Chemicals Fertiliser Sabah Sdn Bhd (PCFSSB) plant in the Sabah Ammonia Urea project in the Sipitang Oil and Gas Industrial Park some 140km from here.

“Five PCFSSB contractors were affected. The company, however, regrets to inform that two fatalities have been reported. The other three affected personnel have received appropriate medical treatment,” it said in a statement here.

“Our Emergency Response Team was immediately mobilised and the situation has been contained,” it also said, adding that there was no immediate threat to the surrounding communities or environment.

“PCFSSB is extending all necessary assistance to the affected personnel and their family members.

Authorities are still investigating cause of the leak.

Sipitang police chief deputy superintendent Ag Md Arsad Ag Bakar also confirmed the incident and said police were similarly investigating the case.

- See more at: http://www.themalaymailonline.com/malaysia...h.oLjKGSnC.dpuf
echobrainproject
post Aug 17 2016, 02:53 PM

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QUOTE
A Malaysian oil tanker carrying 900,000 litres of diesel has been hijacked and taken to Indonesian waters, Malaysian maritime officials say.
The MT Vier Harmoni was reportedly sailing from Tanjung Pelepas port in Malaysia on Monday when it was seized.
The Malaysian Maritime Enforcement Agency (MMEA)'s director tweeted that the ship was now believed to be off the Indonesian island of Batam.
Its cargo is reportedly worth about 1.57m ringgit ($392,795; £300,000).
The identity of the hijackers is not yet known.


source: http://www.bbc.com/news/world-asia-37103871
TSmeonkutu11
post Aug 17 2016, 06:02 PM

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Perisai Pacific 101 gets assignment with Vestigo
MALAYSIA: Vestigo Petroleum has secured jackup Perisai Pacific 101 for a drilling campaign off Malaysia in September.
Perisai Pacific 101 is currently at Kemaman Supply Base in Malaysia after finishing a sublet with Hess Malaysia. The unit is on contract with Petronas Carigali until August 2017. Perisai Pacific 101 will work for Vestigo under a sublet slot with Petronas. It is understood the work scope is for 22 days plus a 22-day option. The firm period is estimated to cover one well. Vestigo operates the marginal fields Berantai, Tembika and Chenang under a SFRSC (small field risk sharing contract) from Petronas.

mohdyakup
post Aug 18 2016, 11:45 AM

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Repsol (formerly Talisman) is looking for Cost & Estimator. Immediate mobilization preferred. Experience in O&G is a must. You may call Amirul at Cekap Technical.
BaRT
post Aug 18 2016, 11:53 AM

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QUOTE(mohdyakup @ Aug 18 2016, 11:45 AM)
Repsol (formerly Talisman) is looking for Cost & Estimator. Immediate mobilization preferred. Experience in O&G is a must. You may call Amirul at Cekap Technical.
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uikkk...project mana ni? Currently aku ada project dgn depa utk maintenance job.
Thanks for the info nway...

This post has been edited by BaRT: Aug 18 2016, 11:53 AM
mohdyakup
post Aug 18 2016, 11:57 AM

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QUOTE(BaRT @ Aug 18 2016, 11:53 AM)
uikkk...project mana ni? Currently aku ada project dgn depa utk maintenance job.
Thanks for the info nway...
*
The one currently fabricated by OceanMight
TSmeonkutu11
post Aug 18 2016, 12:08 PM

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Repsol checks the market for two jackups in Malaysia
MALAYSIA: Repsol Oil and Gas Malaysia has sent contractors an enquiry for a potential drilling campaign from 2017 to 2019 for two jackups.
Both jackups - Rig 1 and Rig 2 – will have work scopes with duration of one year firm plus one year option. Rig 1 should be capable to drill in water depths of 40 to 100 m (131-328 ft) and Rig 2 in water depths from 60 – 70 m (197 - 230ft). The expected commencement date for Rig 1 is between June 2017 and August 2018 and is for work in the Kinabalu Platform; and Rig 2 between March 2018 and July 2018 is for work in the Bunga Pakma platform.

The operator seeks to get interest for an upcoming tender and establish jackup availability in the region, as well as to determine the jackup technical acceptability. Responses to the market survey are due on 22 August 2016.

17-Aug-2016

Stamp
post Aug 18 2016, 12:32 PM

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QUOTE(mohdyakup @ Aug 18 2016, 11:57 AM)
The one currently fabricated by OceanMight
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There are 2 projects. Which one?
Stamp
post Aug 18 2016, 12:36 PM

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QUOTE(meonkutu11 @ Aug 18 2016, 12:08 PM)
Repsol checks the market for two jackups in Malaysia
MALAYSIA: Repsol Oil and Gas Malaysia has sent contractors an enquiry for a potential drilling campaign from 2017 to 2019 for two jackups.
Both jackups - Rig 1 and Rig 2 – will have work scopes with duration of one year firm plus one year option. Rig 1 should be capable to drill in water depths of 40 to 100 m (131-328 ft) and Rig 2 in water depths from 60 – 70 m (197 - 230ft). The expected commencement date for Rig 1 is between June 2017 and August 2018 and is for work in the Kinabalu Platform; and Rig 2 between March 2018 and July 2018 is for work in the Bunga Pakma platform.

The operator seeks to get interest for an upcoming tender and establish jackup availability in the region, as well as to determine the jackup technical acceptability. Responses to the market survey are due on 22 August 2016.

17-Aug-2016
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Will there be a price war amongst the drilling contractors? brows.gif
azraeil
post Aug 18 2016, 12:39 PM

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QUOTE(Stamp @ Aug 18 2016, 12:36 PM)
Will there be a price war amongst the drilling contractors?  brows.gif
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60k. Tak bagi 60k tak yah masuk bid.
TSmeonkutu11
post Aug 18 2016, 12:46 PM

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QUOTE(Stamp @ Aug 18 2016, 12:36 PM)
Will there be a price war amongst the drilling contractors?  brows.gif
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QUOTE(azraeil @ Aug 18 2016, 12:39 PM)
60k. Tak bagi 60k tak yah masuk bid.
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Like Hess, just open to local drilling contractors...then nego sampai jadi.. tongue.gif

High Spec 60K...if standard JU just letak 45K...lebih reject. thumbup.gif thumbup.gif

Stamp
post Aug 18 2016, 12:49 PM

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QUOTE(azraeil @ Aug 18 2016, 12:39 PM)
60k. Tak bagi 60k tak yah masuk bid.
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tu brutal. thumbup.gif
mohdyakup
post Aug 18 2016, 03:00 PM

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QUOTE(Stamp @ Aug 18 2016, 12:32 PM)
There are 2 projects. Which one?
*
The recent award. Second one brows.gif
noiseemunkee
post Aug 18 2016, 03:12 PM

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many of those that just got transfered unwillingly to sarawak are actually hoping to be transferred back for this permit issue. haha. 😬
mohdyakup
post Aug 18 2016, 03:32 PM

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QUOTE(noiseemunkee @ Aug 18 2016, 03:12 PM)
many of those that just got transfered unwillingly to sarawak are actually hoping to be transferred back for this permit issue. haha. 😬
*
See. Sarawakian rejoice and call fill-in the gap hehe biggrin.gif
noiseemunkee
post Aug 18 2016, 04:18 PM

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win win for foot soldiers as i see it. headache for management. but worse case if no position to deploy these ppl to, will kena vsp? 🤔

but maybe just wishful thinking. more likely ending is petronas and state agree to certain plan to improve local content over some years. and wayang2 abit then shake hand. end.😑
undertaker123
post Aug 18 2016, 05:06 PM

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QUOTE(mohdyakup @ Aug 18 2016, 11:57 AM)
The one currently fabricated by OceanMight
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Bunga Pakma drool.gif
temuai
post Aug 18 2016, 05:12 PM

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QUOTE(mohdyakup @ Aug 18 2016, 03:32 PM)
See. Sarawakian rejoice and call fill-in the gap hehe  biggrin.gif
*

Anang takut nuan kaban enti kitai betul...anang nyadi ulun sida ya ba menua diri empu. Nadai akik inik kitai berkongsi reta tengkira menua kitai ngau org sepiak nyin. Sida tok nadai nemu utai ka udah di janji dalam MA63...kumbai sida ya kitai tok sebaka baka sida ya...asuh baca manah2 utai dalam MA63...
sukhoi35mk
post Aug 18 2016, 05:15 PM

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QUOTE(noiseemunkee @ Aug 18 2016, 03:12 PM)
many of those that just got transfered unwillingly to sarawak are actually hoping to be transferred back for this permit issue. haha. 😬
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i hope this is not a bad news for them

QUOTE
Petronas saves RM3.4bil from cost-cutting efforts

PUTRAJAYA: Malaysia’s oil giant Petronas has saved RM3.4bil since embarking on cost-cutting measures in 2015 and this effort will continue even if oil prices recover.

“Through the Cost Reduction Alliance programme, we have managed to cut RM3.4bil in terms of our costs since we started till the middle of this year,” its president and group chief executive officer Datuk Wan Zulkifli Wan Ariffin said.

He said this at the International Conference of Blue Ocean Strategy’s plenary session themed “Delivering High Value at Low Cost,” here yesterday.

The Cost Reduction Alliance or CORAL 2.0 is a five-year industry-wide programme from 2015 to 2019, driven by Petronas with the aim to inculcate cost-conscious mindset across Upstream Malaysia.

Wan Zulkifli said the transformation kicked in when oil and gas companies, including Petronas, were hit by tumbling prices since 2014.

“In 2014, oil prices were more than US$100 per barrel, at lunch time today it was US$48.

“Oil companies had to do strategic responses, worried about cash flows, cut budgets and optimise the manpower and Petronas was no different,” he said.

He said Petronas had cut its capital expenditure and operating expenses by RM15bil this year and had earmarked about RM50bil over four years.

Malaysia’s only Fortune 500 company, Petronas, is also focusing on cash generation, simplification of process, project delivery, as well as talent management.

However, he said as such measures and mere cost cutting alone was not sustainable, Petronas needed a total overhaul even in terms of its culture.

“I think over time as the organisation grew bigger, we became more bureaucratic and many units become more silo as time went by.

“So, we wanted to eliminate the believe of our staff that Petronas was bureaucratic and silo,” he said.

Hence, to attain the results, it is important for Petronas to fix the day-to-day experience of its 50,000 employees. – Bernama

azraeil
post Aug 18 2016, 07:37 PM

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QUOTE(mohdyakup @ Aug 18 2016, 03:32 PM)
See. Sarawakian rejoice and call fill-in the gap hehe  biggrin.gif
*
If only it were that simple. The positions were transferred to SKO. Those people that was holding the position pun terpaksa ikut kotak ke SKO. Kalau semua kena balik ke KL, kena cari existing Sarawakian working in KL/International Post to fill those boxes and the boxes filled by the Sarawakians in KL/Peninsula/International Posting will be filled with the displaced Malayas.

Pusing macam mana pun Petronas will not be increasing their headcounts. Simple math.
noiseemunkee
post Aug 18 2016, 10:10 PM

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QUOTE(azraeil @ Aug 18 2016, 08:37 PM)
If only it were that simple. The positions were transferred to SKO. Those people that was holding the position pun terpaksa ikut kotak ke SKO. Kalau semua kena balik ke KL, kena cari existing Sarawakian working in KL/International Post to fill those boxes and the boxes filled by the Sarawakians in KL/Peninsula/International Posting will be filled with the displaced Malayas.

Pusing macam mana pun Petronas will not be increasing their headcounts. Simple math.
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yeah. not so simple. so wats the more likely outcome that you think?
noiseemunkee
post Aug 18 2016, 10:12 PM

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QUOTE(sukhoi35mk @ Aug 18 2016, 06:15 PM)
i hope this is not a bad news for them
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the reorg and cutting ppl barely making a dent in the total headcount actually🤔
azraeil
post Aug 18 2016, 10:40 PM

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QUOTE(noiseemunkee @ Aug 18 2016, 10:12 PM)
the reorg and cutting ppl barely making a dent in the total headcount actually🤔
*
There were close to 1000 permanent position that were made redundant via the separation scheme. A lot of the contract staff were given early termination with 3 months notice and those who reached retirement age (be it 55 for those who opted for the 55 years retirement age 15 years ago and those who reached 60) were given their farewells. Previously most of them were given yearly contracts post retirement age. Those that were on those contracts were also not renewed as well.

So all in all, I believe there were close to 4-5 thousand positions that were eliminated or about 10% of the previous staff strength.
DuFfz
post Aug 19 2016, 09:09 AM

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is PFCE still alive?
mohdyakup
post Aug 19 2016, 09:41 AM

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QUOTE(DuFfz @ Aug 19 2016, 09:09 AM)
is PFCE still alive?
*
They are one of the subcon for one of BPC project here at Gebeng so yeah they are still alive
TSmeonkutu11
post Aug 19 2016, 11:24 AM

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Coastal Energy to secure Malaysian rig

MALAYSIA: According to market sources, following a market survey, Coastal Energy in Malaysia is closing its rig selection with only Malaysian rig owners.
The work scope is for one well plus one well option in 45 days. The expected commencement date is sometime before late 2016. Coastal Energy is operator of block PM316 which includes the Field Risk Service Contract with Petronas for the development and production of petroleum from the Kapal, Banang and Meranti cluster of small fields.
18-Aug-2016



Repsol issues second market survey for Malaysia jackup

MALAYSIA: Following the issue of a market survey for two jackups off Malaysia, Repsol has issued a second market survey for a jackup to drill one well.
The market survey is understood to be a pre-qualification for an upcoming tender. This additional work scope is for early 2017, and the well is in water depths of about 70 m (230 ft). Responses are due on 19 August 2016.
18-Aug-2016

noiseemunkee
post Aug 19 2016, 03:19 PM

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tomorrow petronas management meeting with state government?

the president and vice president already give official statement to internal staffs not to worry and all will be okay😐
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post Aug 19 2016, 03:29 PM

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QUOTE(DuFfz @ Aug 19 2016, 09:09 AM)
is PFCE still alive?
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Yes.. merger with boustead didnt happened.
mhyug
post Aug 20 2016, 05:14 AM

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QUOTE(mohdyakup @ Aug 19 2016, 09:41 AM)
They are one of the subcon for one of BPC project here at Gebeng so yeah they are still alive
*
betul tu. in kemaman lots of their coveralls can be spotted.

mohdyakup
post Aug 20 2016, 09:13 AM

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QUOTE(mhyug @ Aug 20 2016, 05:14 AM)
betul tu. in kemaman lots of their coveralls can be spotted.
*
At Kemaman they secured a project for a new petchem - investor from Japan
TSmeonkutu11
post Aug 22 2016, 02:55 PM

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Malaysia's Perisai Gets 6 Months Charter Extension for FPSO Perisai Kamelia


by Rigzone Staff

Monday, August 22, 2016


Perisai Petroleum Teknologi Bhd reported Friday that Hess Exploration and Production Malaysia B.V. and Larizz Petroleum Services Sdn Bhd agreed to extend the charter for a floating production, storage and offloading (FPSO) facility now operating in the North Malaysia Basin, offshore Peninsular Malaysia for six months.

Under the extension, FPSO Perisai Kamelia will continue working at the field till May 31, 2017, when Hess may exercise its option to further extend the charter on a monthly basis for up to a total of 12 months to May 31, 2018.

Perisai revealed that the charter value is between $31.95 million $45 million, depending on the daily average Brent crude oil price.

Separately, another Malaysian company Daya Material Berhad (DMB) disclosed Friday that its subsidiary DOCSB had signed a memorandum of understanding with Petro Pride Subsea Ltd. (PPSL) to tap on each other’s expertise, know-how, industry connections and resource in their collaboration to provide services in fabricating and installing pipeline project.


Wan Azaharm
post Aug 22 2016, 03:27 PM

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QUOTE(ZZMsia @ Jul 20 2016, 12:29 PM)
None i know for PL installation..Not many projects or even bids now..Try technip asiaflex, I haven't heard of them retrenching. I know its not an installation contractor, but just try
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Myanmar have Wellhead Platform and Pipeline project Zawtika Phase 3. Not sure if it's awarded already but I heard most contractors who submitted bid or Malaysian company.

mhyug
post Aug 22 2016, 06:16 PM

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QUOTE(mohdyakup @ Aug 20 2016, 09:13 AM)
At Kemaman they secured a project for a new petchem - investor from Japan
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i see. wonder if its the one under construction beside TiOxide plant in telok kalung.

past 3 months ive seen shahpadu yard getting busy.many workers there. did they get a new project or something . since in 2015 all ive saw was only the pak guard at that yard, now lots of people .

This post has been edited by mhyug: Aug 22 2016, 06:18 PM
azraeil
post Aug 22 2016, 08:27 PM

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QUOTE(meonkutu11 @ Aug 22 2016, 02:55 PM)
Malaysia's Perisai Gets 6 Months Charter Extension for FPSO Perisai Kamelia
by  Rigzone Staff

Monday, August 22, 2016

 
Perisai Petroleum Teknologi Bhd reported Friday that Hess Exploration and Production Malaysia B.V. and Larizz Petroleum Services Sdn Bhd agreed to extend the charter for a floating production, storage and offloading (FPSO) facility now operating in the North Malaysia Basin, offshore Peninsular Malaysia for six months.

Under the extension, FPSO Perisai Kamelia will continue working at the field till May 31, 2017, when Hess may exercise its option to further extend the charter on a monthly basis for up to a total of 12 months to May 31, 2018.

Perisai revealed that the charter value is between $31.95 million $45 million, depending on the daily average Brent crude oil price.

Separately, another Malaysian company Daya Material Berhad (DMB) disclosed Friday that its subsidiary DOCSB had signed a memorandum of understanding with Petro Pride Subsea Ltd. (PPSL) to tap on each other’s expertise, know-how, industry connections and resource in their collaboration to provide services in fabricating and installing pipeline project.
*
Perisai has a 546 million coupon due in October. From what I hear, they only have 40 million in the bank. I wonder jow they are going to pay the coupon. I doubt they can raise that amount of money in the next 2 months. Hope my well is not affected.

mhyug
post Aug 22 2016, 09:33 PM

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QUOTE(azraeil @ Aug 22 2016, 08:27 PM)
Perisai has a 546 million coupon due in October. From what I hear, they only have 40 million in the bank. I wonder jow they are going to pay the coupon. I doubt they can raise that amount of money in the next 2 months. Hope my well is not affected.
*
payment due on pp101, 102 done but company wont take it, 103 almost complete. many many payments due to the ship builders
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post Aug 22 2016, 10:26 PM

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Malaysia's Petronas Q2 Profit Falls 85% On Low Oil Prices, Impairments


Monday, August 22, 2016

KUALA LUMPUR, Aug 22 (Reuters) - Malaysian state-owned oil firm Petroliam Nasional Bhd (Petronas) on Monday said its net profit fell 85 percent in the second quarter due to low crude oil prices and a jump in impairment charges.

April-June profit fell to 1.62 billion ringgit ($401.99 million) from 11.07 billion ringgit in the same period a year earlier. Revenue fell 21 percent to 48.44 billion ringgit.

Impairment charges totalled 7.16 billion ringgit.

"The combined factors of oversupply, growing inventories and slower demand growth point to an ongoing gloomy outlook well into 2017," President and Chief Executive Wan Zulkiflee Wan Ariffin said at a news conference.


TSmeonkutu11
post Aug 22 2016, 10:27 PM

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QUOTE(azraeil @ Aug 22 2016, 08:27 PM)
Perisai has a 546 million coupon due in October. From what I hear, they only have 40 million in the bank. I wonder jow they are going to pay the coupon. I doubt they can raise that amount of money in the next 2 months. Hope my well is not affected.
*
heard from one of their staff that some of their vendor's PO being hold or not paid yet.

azraeil
post Aug 22 2016, 11:40 PM

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QUOTE(mhyug @ Aug 22 2016, 09:33 PM)
payment due on pp101, 102 done but company wont take it, 103 almost complete. many many payments due to the ship builders
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They are supposedly negotiating the payments

http://www.bloomberg.com/news/articles/201...e-bond-defaults

I have a feeling they will fail spectacularly just like Swiber

http://www.theedgemarkets.com/my/printpdf/298664

This post has been edited by azraeil: Aug 22 2016, 11:41 PM

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