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 Oil & Gas Careers V12 - Upstream & Downstream, Market still slump, slow, snail pace...

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TSmohdyakup
post Sep 26 2019, 04:33 PM

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QUOTE(kk131 @ Sep 26 2019, 12:35 PM)
https://seekingalpha.com/article/4293219-mc...void-bankruptcy

They must be under scrutiny by clients for major projects.
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CB&I acquisition by McDermott are ill advised, so many legacy debt from this EPC Co, that is why MDR is selling the Lummus process license.

I wonder who are the stupid "Advisory Consultant" hired by MDR lulz

Oh well. Americano Co. Memang koboi.
TSmohdyakup
post Sep 26 2019, 07:49 PM

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QUOTE(ZZMsia @ Sep 26 2019, 07:39 PM)
Actually from my experience, this process license companies do not impact much on the P&L, it's just good patents etc.

The one which make MDR losing lot of money is cost overrun from CBI onshore projects (many in USA).
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Legacy debt, the due diligence by "Advisory Consultant" to MDR doing the assessment poorly.
TSmohdyakup
post Sep 27 2019, 04:49 PM

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PCSB going for BSKL listing. I fully support this move. Yeszaaaaa.
TSmohdyakup
post Sep 28 2019, 07:23 AM

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QUOTE(-TcT- @ Sep 27 2019, 11:44 PM)
Sapura's revenue is so high but still making s loss! Don't know when can be back to profitability.
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Sapura need at least minimum RM16bil order book across all of its subsidiaries.
TSmohdyakup
post Sep 28 2019, 07:54 AM

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QUOTE(-TcT- @ Sep 28 2019, 07:42 AM)
Because of its low bidding which causes thin or no margin?
And plenty of unutilised drilling rigs?
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Acquisition of legacy Newfield (SapuraOMV) assets, and low day rate of of their rigs of Sapura Drilling, and also acquisition of Allied Marine business.

But the SapuraOMV assets is making money now. Money making subsidiaries mostly from Sapura Offshore (TLO), Sapura Fabrication (KHL), and Sapura E&C (Pinewell).

Sapura Energy, as a group, are answerable to their investor and shareholder, thats why its very important to replenish order book every quarter.

Just need to be tactful when dealing business with Sapura Energy group, especially chasing invoices for your payment. Headache liaoooooo hahahahahahahahaha
TSmohdyakup
post Sep 28 2019, 04:51 PM

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QUOTE(-TcT- @ Sep 28 2019, 04:24 PM)
Theoretically, SapuraOMV which is the E&P segment should be making money but based on the latest financial report just released on Friday, it's loss making. Weird!
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Impairment. And B14 development aint cheap.
TSmohdyakup
post Sep 29 2019, 09:47 PM

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QUOTE(ZZMsia @ Sep 29 2019, 04:32 PM)
Do you know if pegaga cpp contributing to their loss? Or it makes money for the company
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Too early to tell. Pegaga CPP fit up pun tak habis lagi.
TSmohdyakup
post Sep 30 2019, 03:32 PM

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QUOTE(-TcT- @ Sep 30 2019, 09:58 AM)
Before the sale of the 50% stake of Sapura E&P to OMV, the E&P segment was making money. How come it's loss making now? Impairment charges? But Shahril mentioned before no more impairment for FY2020 Q2 onwards. Hmmmmm
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SapuraOMV signed GSA with MLNG. LNG price nowadays are not hhhnnnggghhhhh because of less demand on spot charter.

SapuraOMV assets is maximizing the gas export output to MLNG now. So money making process takes time.
TSmohdyakup
post Oct 1 2019, 03:48 AM

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QUOTE(sukhoi35mk @ Sep 30 2019, 10:29 PM)
Tomorrow Shell group CEO is having townhall at a hotel in KL... Big announcement for kerang in MY?
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Wowwww.

Another "exit plan" announcement again? Hehe
TSmohdyakup
post Oct 1 2019, 04:25 AM

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Oh my I hope it would be something good from Shell.

Ayam haz want R&M hhhnnnggghhhhh
TSmohdyakup
post Oct 1 2019, 08:13 AM

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QUOTE(Stamp @ Oct 1 2019, 08:06 AM)
Heard Repsol's country manager left the townhall after his briefing to the staff (dominated with negative news) without waiting for Q&A.

Coward.
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Perghhhh panas2.
TSmohdyakup
post Oct 1 2019, 10:35 AM

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PCSB SKGas Bintulu office having their townhall today.

Hurm hurm hurm.

PCSB KLCC nadai townhall kah?
TSmohdyakup
post Oct 1 2019, 10:37 AM

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Okay I heard some different sembang2 about Shell townhall just now. I think better I wait for the townhall to end. Hewhewhew.
TSmohdyakup
post Oct 1 2019, 10:39 AM

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QUOTE(ayamxxx @ Oct 1 2019, 08:14 AM)
starting with letgo SSB in near future?
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Its quite clear that SMEP will not renew any existing PSCs beyond 2023 expiry date. Left only its GK assets, rest will be on NOVs basis.

Butttttt, Rosemary & Marjoram greenfield, will Shell pursue for it?

What will happen to SMDS GTL plant at Bintulu? Retain?

Hewhewhew.
TSmohdyakup
post Oct 1 2019, 12:05 PM

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QUOTE(sukhoi35mk @ Oct 1 2019, 11:21 AM)
Kerang Upstream director is here too..... I suspect something to do with marjo and rose....
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Hhhnnnngggghhhhhh hope this two greenfield project will fly liaooooo else me go fly kites naooooo
TSmohdyakup
post Oct 1 2019, 04:35 PM

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QUOTE(DuFfz @ Oct 1 2019, 02:39 PM)
Jadi eh..da sorg brother dr SMDS bakal transfer ke KL utk projek ya bulan 12 tok nya mdh.
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Naisssssss
TSmohdyakup
post Oct 2 2019, 08:16 AM

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QUOTE(phil- @ Oct 2 2019, 07:53 AM)
Anyone tried to send the application to this email hr_penergy@penergy.com.my? Why I got an error?
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Inbox full. Normal.

Call the HR laa. Number telephone kan ada situ.



TSmohdyakup
post Oct 2 2019, 08:18 AM

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Repsol KL is downsizing, VSS, and looking for buyer for their PMA & SBO assets.

IPC BV (formerly Lundin), also wanted to sell their Bertam assets.

hmm.gif
TSmohdyakup
post Oct 2 2019, 08:25 AM

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I compiled different stories of Shell townhall yesterday.

I wanted to see this thread sources first. Membawang clan, assemble!
TSmohdyakup
post Oct 2 2019, 07:12 PM

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QUOTE(ZZMsia @ Oct 2 2019, 06:51 PM)
How about Murphy asset which taken over by PTT?
Maintain or leave
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PTTEP takkan leave punya.

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