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

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adibyusoff
post Jul 24 2017, 04:11 PM

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QUOTE(noiseemunkee @ Jul 17 2017, 01:11 PM)
baru siap wanna sell d the bergading fso? heard phase 2 is already at fel3.
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FSO Bergading phase 2A T&I setp chain putus jatuh sea floor. x terambil sampai ke sudah. phase 2b, 3a, 3b & 4 for sure delay as long as the FSO is still in MMHE... last i heard was EAT may continue the works at location. bloody hell mesti 10x the cost doing it offshore then onshore... mengamuk la PM hess....
adibyusoff
post Jul 25 2017, 02:52 PM

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QUOTE(feekle @ Jul 24 2017, 08:37 PM)
Tesla will be the pioneer, game changer..thats for sure.
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hence SKPB changed their name to Sapura Energy kot. hehehehehe
adibyusoff
post Jul 25 2017, 06:07 PM

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QUOTE(feekle @ Jul 25 2017, 05:49 PM)
Petra energy started first lol
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i thought SKPB started it first when they bought Newfiled and change the division to SapuraKencana Energy? now the whole EPCIC division is just Sapura Energy Berhad nod.gif
adibyusoff
post Jul 28 2017, 10:09 AM

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QUOTE(sukhoi35mk @ Jul 27 2017, 11:47 PM)
Shell's CEO predicts that the future is Gas since it's the cleanest form of fossil energy...  that's why they producing more Gas than oil now.... Shell's CEO ditches his diesel powered S500 for a new S500e and the group CFO is driving a BMW I3e...  so, when an O&G companies top executive also driving electrical cars; it already telling u something..
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hibiscus is taking over shell's asset i heard.
adibyusoff
post Aug 1 2017, 02:49 PM

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good day, all. is it true that Hibiscus is intending to take over Shell Malaysia's asset? one i heard was that they're taking over LCOT.
adibyusoff
post Aug 2 2017, 11:45 AM

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QUOTE(yunodie @ Aug 1 2017, 09:04 PM)
it is already reported in the news long ago and previous version of the thread also talked about it. he still have to come here and ask. *facepalm*
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chill la... what's there to be mad about.. i didn't know that why i ask......
adibyusoff
post Aug 2 2017, 11:46 AM

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QUOTE(meonkutu11 @ Aug 1 2017, 07:26 PM)
Good news or not?
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bos, got any more news to share? smile.gif
adibyusoff
post Aug 2 2017, 11:48 AM

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QUOTE(meonkutu11 @ Aug 1 2017, 07:26 PM)
Good news or not?
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bos, got any more news to share? smile.gif
adibyusoff
post Aug 2 2017, 03:10 PM

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QUOTE(Vervain @ Aug 2 2017, 02:55 PM)
What news do you need? you bought their share ka?
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no laa. huhu. bro meon used to share all the news related to upstream stuff in v11. so the news helps me a lot. smile.gif
adibyusoff
post Aug 7 2017, 08:56 AM

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QUOTE(4896la @ Aug 4 2017, 05:37 PM)
Have anyone heard of Budiman Inspection Sdn Bhd? I got accepted for the internship over there. The person in charge said that I will be given chance to go to the site to help out. They also said I can get OGSP/ntsp during my internship and claim from the company. Anyone know about it?
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you can do the ogsp on your own at any NIOSH for rm250
adibyusoff
post Aug 16 2017, 04:37 PM

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QUOTE(Stamp @ Aug 10 2017, 01:41 PM)
Can Petros match the salaries paid by those PSCs?  hmm.gif

It's an open secret that the ones who deprived sarawakians of their own resources were sarawakians themselves.
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Spot on. kind of weird when everybody knows that but they still saying oo orang malaya datang ctok ncurik duit urg srwk.... shifting the blame... puke.gif
adibyusoff
post Aug 17 2017, 09:58 AM

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QUOTE(engrfeez @ Aug 17 2017, 08:13 AM)
With all of this matter, can we predict soon that Terengganu also will do the same thing?  brows.gif  brows.gif
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i hope every states that have oil on their yard will come out with state oil corp. more jobs later. but then, we'll go back to supply vs demand. bye.gif
adibyusoff
post Aug 23 2017, 11:59 AM

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KUALA LUMPUR: The tough environment is expected to continue for UMW Oil and Gas (UMW-OG) as CIMB Equities Research upgrades the stock from Reduce to Hold as the share price had corrected significantly since the highly-dilutive rights issue to raise RM1.8bil.

It said on Wednesday that UMW-OG’s 1H17 core net loss made up 62% of its and consensus’ previous full-year forecast, which is 25% above expectations as 2H will likely be stronger.

“As a result, we reduce our loss forecasts, and raise our ex-rights target price from 31 sen to 32 sen, although our cum-rights target is lowered to 33 sen on a technicality,” it said.

UMW-OG’s 2Q core net loss of RM49.3mil was one-third lower on-year on the back of a 7.6% on-year rise in group revenue.

This was largely due to the improvement in drilling utilisation rates which led to higher drilling revenue. The oilfield services segment also saw a slight improvement in revenue, although its fundamentals remained soft.

Also contributing to the lower loss was the reduction in operating costs as a result of the stringent steps taken to improve efficiencies.

UMW-OG’s jack-up (JU) rigs saw its operating losses narrow by 61% on-year. During 2Q17, five out of its seven JU rigs were working, of which four were employed for the entire quarter.

This led to a higher utilisation rate of 68% during 2Q17, which was a stark improvement from the 38% utilisation in 2Q16.

CIMB Research also noted that all of its JU rigs were employed in Malaysia, and UMW-OG benefitted from increased production drilling activity among oilfield operators in Malaysia. Even exploration drilling has made a small comeback.

However, UMW-OG also reduced the operating costs of the drilling business by almost 4% on-year. However, this was partially offset by the 32% drop in charter rates on-year, from an estimated US$104,479/day in 2Q16, to US$70,714/day in 2Q17.

“We expect these low charter rates to persist for the foreseeable future, despite a recovery in Malaysian JU utilisation rates, as the average Southeast Asian JU utilisation rate remains poor at just 57% currently, according to Clarksons, down from almost full utilisation in 2014,” it said.

The semi-submersible rig Naga 1 was finally disposed of on May 9, and it had not contributed to drilling revenue during FY17F.

The decision to dispose of the rig was made after considering its age and the low likelihood of securing work. The Naga 1 last worked in 2Q16 and 3Q16.

The disposal reduced available capacity days from an annualised 2,928 days in FY16 based on eight rigs, to 2,555 days in FY17F based on seven rigs.

The research house said as for the Naga 4 and Naga 3 rigs commenced their charters to Petronas Carigali in the late July/early-August timeframe, while the currently idle Naga 5 secured a contract from Repsol Malaysia for a one-year firm and one-year option drilling programme beginning September.

“UMW-OG guided that all of its seven JU rigs will operate at full utilisation by September 2017, although the short-term nature of the drilling contracts exposes UMW-OG to the risk of future idling.

“As a result of the above developments, we forecast that UMW-OG is on track for full-year utilisation of 67%, with the expected 2H17F utilisation of 85% much improved from the 49% achieved for 1H17.

“For FY18-19F, we forecast utilisation at 80%, based on UMW-OG’s assessment of Petronas’s requirements.

“However, we expect charter rates to remain stuck at an average of just US$72,500/day for FY17-19F due to industry-wide overcapacity. Our target price is based on DCF, using cost of equity of 12.62%,” it said.
Read more at http://www.thestar.com.my/business/busines...SRWeqPjE8hQh.99
adibyusoff
post Aug 25 2017, 02:56 PM

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QUOTE(meonkutu11 @ Aug 24 2017, 11:41 PM)
Lundin Malaysia continues technical evaluation for jackup

MALAYSIA: Lundin's jackup tender for drilling from the Bertam platform remains at the technical clarification and evaluation stage.
Lundin is looking for a rig to undertake a scope with a commencement window of between 15 September and 15 October 2017. The operator plans to drill up to two development wells over an estimated duration of three months. The platform has a height of 41 m (135 ft) above MSL in water depths of 76 m (250 ft). Leg penetration of 14 m (45 ft) and up to 21 m (70 ft) in higher penetration areas is anticipated. The rig should have a 3,000 HP drawworks and a cantilever envelope of a minimum 21 m by 4 m (70 ft by 12 ft); three mud pumps; and a minimum of three cranes with a 20 tonne lifting capacity, among other things.
23-Aug-2017
Repsol Malaysia's contract value for UMW Naga 5 is USD 26.4 million

MALAYSIA: Further to an IHS Markit Petrodata report on 14 August 2017, Repsol Oil & Gas Malaysia's contract with UMW Offshore Drilling for jackup UMW Naga 5 has a contract value of RM 113 million (USD 26.4 million).
The award is for one year plus a one-year option programme, commencing by mid-September 2017. UMW Naga 5 is currently at Kemaman Supply Base in Terengganu, undergoing contract preparation work.
22-Aug-2017
Hess Malaysia spells out specifications for HPHT jackup

MALAYSIA: Hess Malaysia will accept rigs which have had a major refurbishment within the last 10 years or newbuilds for its HPHT (high-pressure high-temperature) drilling campaign in the Malay Basin, offshore Peninsular Malaysia.
The unit should also not have any anticipated docking schedule during the contract term. In addition, Hess requests a rig with usable leg below hull of 410 ft (125 m), 3,000 hp drawworks, three cranes, cantilever envelope of 15 by 60 ft (4.6 by 18.3 m), topdrive, three mud pumps plus accommodation for 150 people, amongst other factors. The contractor should also have HPHT working experience. The contract will cover a primary term of two years, commencing in the window between 1 April and 30 June, 2018. The work scope will consist of two parts separated by a break of around three months. Part 1 will cover three deep wells. Part 2 will start after the break and will cover two separate campaigns of four and five wells each. Water depths in the area range between 60-70 m (196-230 ft).
22-Aug-2017

COSLSeeker to depart for PNG shortly

MALAYSIA/PAPUA NEW GUINEA: COSL has finally announced it has signed a contract for the provision of jackup COSLSeeker to Twinza Oil to drill one well offshore Papua New Guinea (PNG).
The rig is preparing for the charter in Labuan, Malaysia, and is expected to commence mobilisation to PNG by the end of August. COSLSeeker last undertook a short campaign offshore Indonesia with Natuna Exploration Limited on the Duyung PSC in the Natuna Sea.
22-Aug-2017

Noble marketing Noble Bully II for work during standby period

MALAYSIA: Even as drillship Noble Bully II is on a prolonged one-year standby offshore Malaysia, Noble continues to market the rig for possible contracts to supplement the day rate during this idle period.
The ultra-deepwater rig is currently being warm-stacked at Labuan at a cost of USD 40,000 a day. Under an agreement between Noble and Shell, which has chartered the unit until around April 2022, the rig may be stacked for up to 365 days until around April 2018.
21-Aug-2017

Carigali Hess refreshes market survey for jackup

MALAYISA/THAILAND: Carigali Hess has issued a new market survey for a jackup to undertake a drilling campaign on Block A-18 in the Gulf of Thailand JDA.
In March, the operator issued a similar market survey enquiring into the availability of a minimum 106 m/350 ft-rated unit for a potential charter of two years plus a one-year option. Commencement is scheduled for between June and August 2018. Carigali Hess prefers a rig with a similar footprint to that of the last unit it chartered, but is open to other rig designs. Responses are due on 23 August 2017.
16-Aug-2017

JDC confirms Hakuryu-11 charter with Sapura Energy

MALAYSIA: Japan Drilling (JDC) has secured a charter for jackup Hakuryu-11 with Sapura Exploration and Production, for six wells plus one option-well offshore Malaysia for an undisclosed day rate.
The charter, which was awarded to JDC via Malaysian firm Petronnic Sdn Bhd, is set to commence in August 2017 and will cover work offshore Peninsular Malaysia and East Malaysia. Sapura Energy has been looking for a long-legged jackup to undertake a 160-day campaign comprising six workovers/sidetracks with a total duration estimated at 95 days and two exploration wells with combined duration of 60 days, inclusive of mobilisation and demobilisation. Hakuryu-11 has been idle in Malaysia since June 2016 after it finished work with Idemitsu offshore Vietnam.
16-Aug-2017

ConocoPhillips' jackup tender for Malaysia closes

MALAYSIA: ConocoPhillips' tender for a 121 m/400 ft-rated jackup to work offshore Sarawak closed as scheduled in late July.
The exercise was open only to Malaysian rigs, so it is understood only two contractors - UMW and Perisai - are able to take part. The selected rig will be deployed to work on Blocks WL 4-00 and SK 313, in water depths averaging between 100-120 m (328-393 ft). The work scope covers two exploration/appraisal wells with each having a duration of between 25 and 40 days, including rig mobilisation time and testing, plus two option wells. The entire campaign is anticipated to last between two and three months, with commencement scheduled for second quarter 2018.
15-Aug-2017

Repsol Malaysia awards LOA to PV Drilling III

MALAYSIA: Repsol Malaysia has issued a Letter of Award (LOA) to PV Drilling for jackup PV Drilling III for a one year plus one-year option programme.
Commencement date is March 2018. This is the result of a two-jackup tender covering separate campaigns offshore Sabah and Peninsular Malaysia respectively. Rig 1, which has yet to be announced, is for the Kinabalu Oil block PSC offshore Sabah and was open only to Malaysian rig contractors. Rig 2, PV Drilling III, covers work on the Bunga Pakma field on CAA PM3 in waters between Vietnam and Peninsular Malaysia. PV Drilling III is currently finishing a two-well campaign with Thang Long JOC in Vietnam, then it is understood to be considered for a follow-on campaign in Vietnam, before mobilising to Malaysia in late third quarter 2017.
08-Aug-2017
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THANK YOU SIR!!!!! thumbsup.gif thumbsup.gif thumbsup.gif
adibyusoff
post Aug 25 2017, 05:27 PM

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adibyusoff
post Aug 26 2017, 10:44 AM

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QUOTE(meonkutu11 @ Aug 26 2017, 08:28 AM)
Total acquires Maersk Oil for $7.45 billion
Stock-and-debt deal sees French giant gain assets in the Americas, Africa and Middle East and replace Shell as northwest Europe's second largest operator
FRENCH supermajor Total is boosting reserves and production with a $7.45 billion acquisition of Denmark’s largest oil and gas player Maersk Oil.

The stock-and-debt deal will give Total additional proven and probable reserves and contingent resources of 1 billion barrels of oil equivalent and 160,000 boe in 2018 production, and assets in Denmark, the UK, Norway, the US Gulf of Mexico, Algeria, Kazakhstan, Iraqi Kurdistan, Angola, Kenya and Brazil.
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tenkiu bos meon. lebiu icon_idea.gif icon_idea.gif
adibyusoff
post Aug 28 2017, 08:23 AM

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QUOTE(kucinggemok @ Aug 27 2017, 01:50 PM)
Mubadala & KPOC is hiring too
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care to share the info bos? notworthy.gif
adibyusoff
post Aug 28 2017, 08:40 AM

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QUOTE(sangarjuna @ Aug 28 2017, 08:27 AM)
attached[attachmentid=9082108][attachmentid=9082108]
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nice. tengs bossss nod.gif nod.gif
adibyusoff
post Sep 19 2017, 03:16 PM

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QUOTE(kucinggemok @ Sep 19 2017, 01:02 PM)
Semua tengah carik kerja braderrrr.

Hari hari bukak linkedin, indeed , jobsadvertog , leap29, rigzone bla bla bla
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demmmmm now dis is real
adibyusoff
post Sep 19 2017, 04:27 PM

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Schlumberger completes multipurpose vessel seismic acquisition survey for Roc Oil in Malaysia

First acquisition of towed-streamer and ocean-bottom nodal seismic data with a single vessel

Schlumberger announced that WesternGeco has completed a hybrid seismic acquisition survey using their newly deployed multipurpose vessel (MPV)—a first in the industry. The 340 km2 3D seismic survey was acquired offshore Sarawak, Malaysia, for Roc Oil using a triple source array with simultaneous recording by ocean-bottom nodes and a towed-streamer spread, all from a single seismic vessel.

The WG Vespucci MPV acquired the high-quality ocean-bottom seismic (OBS) data required around existing platform obstructions supplemented by streamer seismic data. Simultaneously acquiring the OBS and streamer data without having to employ multiple acquisition vessels and crews resulted in cost reduction and greater efficiency while achieving the survey objectives.

“Providing a hybrid OBS and streamer acquisition option with our multipurpose vessel versus a traditional OBS or towed streamer survey gave the customer a versatile and cost-effective solution to better fit their specific challenges and budget,” said Maurice Nessim, president, WesternGeco, Schlumberger. “This industry-first acquisition underscores our commitment to offering our customers innovative approaches to offshore seismic acquisition challenges.”

The WG Vespucci is one of three newly configured MPVs in the WesternGeco fleet. The WG Tasman and WG Cook are equipped with Q-Seabed* multicomponent seabed seismic systems.

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