MISC old timers not getting good package like newer staffs (Mostly from SBM / Bumi etc). Those got in 1-2 years ago making good money.
The project was struggling last I heard.

https://focusmalaysia.my/is-there-breathing...at-all-corners/

interesting article.

This is the main cause of the issues for the project;
It was scheduled for completion over 16 months by September 2020. However, this was delayed due to technical difficulties from inaccurate subsea soil data provided by the client Yunneng as asserted by Sapura.

Petronas has awarded Kasawari CCUS FEED competition to 2 bidders.
1 in Malaysia and 1 in the Middle east

This post has been edited by ZZMsia: Feb 9 2022, 02:39 PM

Yard from Johor
yard from UAE

Engineering for both contractors done in Malaysia

They are quite busy.
The k cpp project has delays.
J cpp project is ongoing.
They are also about to win another whp from one operator in Sarawak.

Arab company engineering by T, based in KL.
Johor company engineering by RW

Interesting project as it's the first for PETRONAS.

Dialog and Technip won new project from PETRONAS for Melamine plant.


https://www.theedgemarkets.com/article/dial...-chemicals-unit


https://www.businesswire.com/news/home/2022...d-CO2-Footprint

https://www.theedgemarkets.com/article/sapu...ingup-petitions


In a filing with Bursa Malaysia, Sapura Energy said none of the subsidiaries are major ones as defined under Chapter 1 of the Main Market Listing Requirements.

"I do not find that the special circumstances to warrant the stay have been made up. As such, I dismiss the application, with RM5,000 costs," the judicial commissioner said.

However, Wan Muhammad Amin did not specify the deadline for Serba Dinamik to release the FFU.

It is also understood that Serba Dinamik could exercise its right to appeal against the court's decision to not grant it the stay of the court's order at the appellant court.

Senior Counsel Datuk Loh Siew Cheang, who appeared for Bursa Malaysia, said the oil and gas service provider has yet to reveal the impact of the FFU on its business, financial status and operations and the timeline to carry out and complete each proposed course of action.

He pointed out that Serba Dinamik has to furnish biweekly written updates to Bursa Malaysia.

"An order directing them to complete the special independent review which still remains incomplete and if premature resignation of EY Consulting to continue as independent reviewer, or termination of EY Consulting, they should appoint another independent reviewer," he argued in objecting to the stay.

https://www.theedgemarkets.com/article/serb...tfinding-update

This project been on FEED tender for 1.5 years since 2020
Lang Lebah CPP is indeed big and bit smaller than Kasawari.

S...ra townhall at 2pm.

No fireworks.. Speaking about 2023 plans.
There will be some form of retrenchment


This post has been edited by ZZMsia: Feb 16 2022, 04:00 PM

https://www.theedgemarkets.com/article/serb...SbgccY.facebook


Ernst & Young Consulting Sdn Bhd (EY Consulting) said Serba Dinamik Holdings Bhd had known from the day that it was appointed that Muhammad Syahrizal Abd Rahim, who is a partner in E&Y PLT and a registered auditor, would be conducting the special independent review (SIR) that was required.

At the High Court on Wednesday (Feb 16), EY Consulting's counsel Gopal Sreenevasan argued before Justice Datuk Ahmad Fairuz Zainol Abidin in online proceedings that the term special auditor within Paragraph 2.24 of the Main Market Listing Requirements (MMLR) does not necessarily mean an auditor per se as the scope is wider, because it has nothing to do with audit or financial numbers or accounts or financial statements.

“It has to do with ascertaining whether the findings made by the statutory auditor of Serba Dinamik, namely KPMG, [were] correct. We say that the words should mean something other than the statutory auditor should be given emphasis.

“Furthermore, as shown, Syahrizal who is appointed — and this was informed to Serba Dinamik — is a partner in E&Y PLT and recognised as a qualified auditor as shown. Prior to the release of the FFU [fact-finding update] there had not been any problems regarding EY Consulting's status,” he added.

Gopal was rebutting claims by Serba Dinamik’s counsel Mak Lin Kum that EY as a consulting firm had not been recognised by the Finance Minister as an auditor, and that it had misrepresented itself as an auditor within the meaning of Paragraph 2.24 of the MMLR.

Mak had earlier referred to a letter from EY Consulting dated July 2, 2021 which referred to Paragraphs 2.23 and 2.24 of the MMLR to conduct the SIR of the statutory audit by KPMG, Serba Dinamik's former external auditor.

“The firm Ernst & Young PLT is a recognised auditor while EY Consulting is not and it is not registered with the Audit Oversight Board. Hence, my client is taking issue on that and hence questioned whether EY Consulting should be allowed to reveal the FFU and other findings in the first place.

“Hence, Serba Dinamik contends that the appointment of EY Consulting should be declared null and void and ab initio,” he said.

This post has been edited by ZZMsia: Feb 16 2022, 10:50 PM

Anyone here dealt with mie offshore?
They offer salaries below current salary.


How to attract staffs? Do they know the market rates?

Yeah, and theres also people from Petronas on MSC contract that was shocked to get contract offer that was lower.

How about Meindhart EPCM ??

Mine too.
Looks like manpower supply for onshore EPCC?

Speaking of bumi Armada, i saw them having position for estimation, subcontracts, construction manager.
Anyone know this is for what projects?

As it is confirmed they are not bidding on LBY.

How about T7 global? Always LinkedIn vacancies.

https://www.theedgemarkets.com/article/alte...as-vendor-plans