Anyone know the Petros a brandly new Oil and gas EP Malaysia state-company? Will it bring more oil and gas job opportunity to Sarawak people?

Anyone here knows who are in the bidders list for the new LNG Project of PTT in Thailand?

Yes it will. Petros boss clearly states that they will bring back sarawakians working with PCSB, Petrofac, Shell, Murphy etc to work for Petros. If Petros leads the way then Terengganu and Sabah will incorporate their own equivalent companies to follow suit. The NOC will then be toasted. For far too long the sarawakians have been deprived.......even until now no highway connecting the 2 largest cities in sarawak (kuching and miri).

Time for sarawakians to take back their state, borders and resources!

hi guys and otai,
currently i'm a service engineer been doing sds,fgs and dcs system across different onshore and offshore platform.
Recently i've been offered to join one MNC as a e&i technician

pros - able to learn field instruments, 2week on/off, abit higher overall pay then what im getting now,no more imbalance lifestyle, MNC title as my current company are small company.

cons - downgrade to technician status, diff working environment, contract.

Hope to get advise from you all as all opinion provided is crucial and now i'm really quite confused as these opportunity rarely come.

For the Pegaga EPCIC tender between Sapura and MMHE, is it fair to assume that MMHE has it in the bag, or will Sapura be a legitimate challenge for them? Just talking about "merit" basis here, assuming Petronas doesn't exert pressure to support MMHE (or to support Sapura, since they already awarded Bokor to MMHE).

Thoughts on this guys?

Yes they themselves put their own family in this current situation and by extension affecting the rest of us.

Go figure.

Well, since the got called for the tender, would that not mean they have the required yard space?

Either way, assuming they DO have the yard space needed, between MMHE and SE which is more likely to win a tender of Pegaga's scope?

Usually M.. Coz they have lot of experience in floatover CPP!!!

MMHE is partly owned by MISC which is also owned by petronas..no?

Yes long term good to have a few local bidders.

Also, not to limit jobs to local bidders only as we live in a globalized world.

Imagine if you as OPERATOR is denied global opportunities!

(Bloomberg) -- Oil tumbled by the most in more than five weeks as fears of falling oil demand in China overshadowed news that Libya’s crude supply was disrupted.

Futures fell 2.5 percent in New York. China’s oil refining dropped the most in three years in July, while crude output retreated from the highest this year. Libya’s biggest oil field, Sharara, cut output by more than 30 percent because of security threats, a person familiar with the matter said. Meanwhile, the dollar strengthened, eroding the lure of commodities as a store of value.

"We’re seeing some strength in the dollar, and the preponderance of news seems to be favoring the bears right now," Phil Flynn, senior market analyst at Price Futures Group Inc. in Chicago, said by telephone. "If you look at the China data this morning, when it came to the China refinery runs being down in July, that’s adding to the perception of slowing demand, and it’s offsetting the concerns about Libyan oil production."

Oil has lingered below $50 a barrel in New York this month as investors weigh rising global supply against output curbs from the Organization of Petroleum Exporting Countries and its allies. Data on China’s sliding refinery runs are stoking fears that the world’s second-largest oil consumer will taper its appetite.

In the U.S., producers keep drilling for more oil, with the number of active rigs at its highest since April 2015 and the Energy Information Administration forecasting crude output at major shale plays reaching an all-time high of 6.15 million barrels a day in September.

West Texas Intermediate for September delivery fell $1.23 to settle at $47.59 a barrel on the New York Mercantile Exchange, the lowest level in three weeks. Total volume traded was about 3 percent above the 100-day average.

Brent for October settlement declined $1.37 to end the session at $50.73 a barrel on the London-based ICE Futures Europe exchange. The global benchmark crude traded at a premium of $3 to October WTI.

Chinese oil processing in July dropped 4.4 percent from the previous month to about 10.76 million barrels a day, according to Bloomberg calculations based on data released Monday by the National Bureau of Statistics.

"The China news for oil is a concern," Bill O’Grady, chief market strategist at Confluence Investment Management in St. Louis, said by telephone. "Beijing is trying to land an aircraft being buffeted by strong crosswinds. After goosing the engine earlier this year, now they’re tapping the brakes a little bit."

‘Sign of Weakness’
Amid all the signs of a persistent supply glut, famed trader Andy Hall said goodbye to the oil market as the outlook for prices worsens. Hall, a trader nicknamed "God" by his peers, said he decided to close his flagship hedge fund, citing a deteriorating outlook for prices next year and the “frustrating” dominance of algorithmic traders.

"The fact that OPEC has had to talk about further extending its production cuts is ultimately a sign of weakness, not of strength,” Hall said in an Aug. 1 letter to investors that was reviewed by Bloomberg News. There’s no clear view on how shale supply will respond to shifts in the market and therefore no consensus on a long-term price anchor for oil, he said.

“For a long time, there was a sense of ‘oh, in another year or two the market will tighten up again’ and I think people are starting to think that’s maybe not the case,” Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts, said by telephone.
And....our petrol price keep increasing 

some people here are clearly clueless

KSCPP?

Kasawari

So they only want Sarawakians from these companies?

If one who works for neither of these companies stand no chance to apply at all?

Does anyone know how to break into oil n gas without prior working experience?

So no more PP102 & PP103?

Better position for UMW NAGAs to secure local contracts..

http://www.upstreamonline.com/live/1338074...erisai-jack-ups

PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) has detained three individuals including a senior Petronas Carigali Sdn Bhd (PCSB) officer over suspected graft involving RM23.7 million.
The arrests were carried out between 2.40pm and 3pm yesterday, The Star reported.
The 45-year-old PCSB officer, who is a project delivery manager, was detained at his office in Petronas Twin Towers, while the 57-year-old director of a company that carried out work for PCSB was arrested at his house in Jalan Cheras.
The third individual, a 28-year-old former PCSB technical assistant, was detained at his home in Puncak Alam.
According to the report, the men are believed to have submitted three inflated invoices for a drilling project between April and June 2015.
PCSB had made full payment to the company but no work was ever carried out, it said.
The trio were held overnight at the MACC headquarters and will be remanded today.
http://www.freemalaysiatoday.com/category/...uspected-graft/

Might I ask what CPP is this in reference to (Sapura Energy)?

Also, how far out are we from Mubadala's Pegaga becoming a reality? If they start hiring project managers in Sep-Oct 2017 (they advertised in August 2017)...how far away would the actual project award be in general? 6 months? 12 months? Would appreciate some clarity on this.

Well seriously guys, how does MMHE compare to regional players such as Keppel/Sembcorp/Hyundai/Samsung? Is MMHE really world class standard, or is it solely being kept alive due to its Petronas connections? Simply put, is it a "good"/"world class" fabricator, or just a so-so fabricator?