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

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paradox
post Jul 27 2017, 11:20 AM

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Not a good news. there will be more squeezing to contractor sweat.gif


QUOTE(ZZMsia @ Jul 26 2017, 09:53 AM)
Malaysian state-owned energy company Petronas will not proceed with a proposed US$29 billion (RM124 billion) liquefied natural gas (LNG) project in western Canada due to weak global prices, dealing a blow to Canada's ambitions to become a global LNG player.

While Petronas' decision is a blow to the regional economy, industry observers said the move was widely expected given years of delay to the huge project near Prince Rupert in the north of the province of British Columbia.

It is also the latest setback for the country's energy industry, already bruised by international oil firms selling off around US$23 billion in Canadian energy assets this year alone.

Pacific NorthWest LNG was meant to produce 12 megatonnes per year and spur further development of British Columbia's Montney natural gas play in the northeast of the province, Canada's largest shale play.

"We have a window of opportunity to develop B.C.'s LNG industry, but the next several years will be critical," said Gillian Robinson, spokeswoman for the BC LNG Alliance. "We risk losing thousands of jobs and billions of dollars in benefits if B.C. does not have diversified access to markets."

Pacific NorthWest LNG received approval from the Canadian government last year, but Petronas, which has been going through significant cost-cutting, delayed its final investment decision.

The project would have been Petronas' biggest foreign investment and was seen as a sign of Malaysia's global energy ambitions.

The US$29 billion price tag included around US$9 billion for the export terminal, US$5 billion in pipelines, the US$4.4 billion Petronas paid for Progress Energy and its natural gas assets and around US$1.6 billion a year expected to be spent on producing natural gas.

TransCanada Corp, which was contracted to build the pipeline connecting gas wells to the LNG terminal, said it will be reimbursed for costs associated with the project. It had spent US$400 million as of April, spokesman Shawn Howard said.

Petronas had planned to produce its own gas to supply Pacific NorthWest LNG, rather than buying it from other producers, but no LNG demand means firms like Painted Pony Petroleum and Seven Generations Energy will continue to see low gas prices, analysts said.

"The demise of the LNG industry in Western Canada means that Western Canadian gas will largely remain captive to the oversupplied North American market," BMO Capital Markets analyst Randy Ollenberger said in a note.

Of more than a dozen projects proposed for British Columbia, only the US$1.3 billion privately held Woodfibre project has so far been given the green light by its developers.

Last July Royal Dutch Shell and partners pushed back a final investment decision on their proposed LNG Canada project, citing global industry challenges.

Michelle Mungall, British Columbia's energy minister, said she will be calling other LNG companies to reassure them her government is ready to work with them, but B.C. Green Party leader Andrew Weaver released a statement saying the future does not lie in "chasing the fossil fuel economy."

The ruling New Democratic Party, which formally took power this month, is backed by the environmentalist Green Party. Its rise has fuelled uncertainty about energy development in the province.

A spokesman for Canada's Natural Resources Minister Jim Carr, said Petronas' move was a business decision.

Petronas and partners will continue to develop natural gas assets in Canada, Anuar Taib, chairperson of the board of Pacific NorthWest LNG, said in a statement.

"We are disappointed that the extremely challenging environment brought about by the prolonged depressed prices and shifts in the energy industry have led us to this decision," Anuar said.
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paradox
post Aug 25 2017, 09:50 AM

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Yeah! He's back! Thank you.

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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paradox
post Nov 14 2017, 10:37 PM

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QUOTE(meonkutu11 @ Nov 14 2017, 02:47 PM)
Deepwater Nautilus to move for Shell's Jarak-1 soon

MALAYSIA: Transocean semi Deepwater Nautilus is scheduled to be mobilised this week from Labuan to its first well location, Shell's Jarak-1, off Sarawak.
The unit is expected to be working on location for 30 days before moving on to the next deployment. Deepwater Nautilus is currently chartered by Shell to drill four firm wells and 11 option wells. If all option wells are exercised, it could keep the unit occupied through 2018 and possibly beyond. The rig was mobilised to Asia in August 2016 and is currently on standby at Labuan, Malaysia.
13-Nov-2017
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11 options wells.. Just thinking which field that Shell are planning to develop hmm.gif
paradox
post Jan 21 2018, 09:09 PM

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QUOTE(jimbet1337 @ Jan 18 2018, 07:04 PM)
Any news on Mubadala/Pegaga?
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I heard the development campaign only will be start end 2019. rolleyes.gif
paradox
post Feb 13 2018, 05:32 PM

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QUOTE(mhyug @ Feb 13 2018, 08:07 AM)
hmm  among the weirdest stuff i read in our OnG thread this takes the cake  lulz... i dont know whether to laugh or cringe  with this particular post.
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Jgn try to whatsapp bro. Nnt kantoi dgn wife mega_shok.gif
paradox
post Mar 3 2018, 01:30 PM

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QUOTE(meonkutu11 @ Mar 3 2018, 08:28 AM)
Clarifications ongoing for Shell Malaysia's deepwater tender

MALAYSIA: According to market sources, Shell's deepwater floater tender for a drilling campaign off Malaysia is still ongoing and in the clarification stage.
The tender is understood to be a follow-up to a survey for a ultra-deepwater rig to cover an exploration and development scope off Sabah, Malaysia. The tender scope covers four firm wells, understood to be for a 200-day development programme for the Gumusut Kakap 2 (GK 2) project, plus four one-well options. Commencement is targeted between June and August 2018.
02-Mar-2018

________________________________________

Petronas recent ITB targets mid-year campaign off Malaysia

MALAYSIA: Petronas Carigali's recent invitation to bid (ITB) calls for the provision of a jackup to undertake a campaign targeting a June 2018 start, offshore Malaysia.
The rig is required to have a usable leg length of 125 m (410 ft) and the work scope covers two firm plus two optional wells. Bid submission is due on 21 March. Earlier, Petronas Carigali had issued three jackup market surveys to cover different programmes off Malaysia — the first unit is for a five-month campaign off Sarawak, the second for a four-month programme off Terengganu, and the third for a three-month requirement off Sarawak.
02-Mar-2018
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Based on my info :

Shell - Gemilang (Gemusut East)
PCSB (four-month programme off Terengganu)- Angsi
PCSB (five-month campaign off Sarawak)- 4 x Exploration Wells that i guess they already have candidate for the rig
PCSB (three-month requirement off Sarawak) - 3 x Development Wells


paradox
post Apr 22 2018, 02:17 PM

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QUOTE(Stamp @ Apr 22 2018, 09:30 AM)
Imagine if they were driving piles to fix a jacket to the sea bed, and they hit the gas pockets. The cost could be catastrophic to the owner. I don’t think there’s a mechanism to divert gas while driving piles or even conductors!
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During pile driving, is it possible for a gas to travel to surface? hmm.gif
paradox
post Jul 26 2018, 03:10 PM

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Looks like UZMA plan to be a new SLB. Anyone know is it, exclusive contract to them?

http://www.theedgemarkets.com/article/uzma...rigali-contract
paradox
post Jul 26 2018, 04:40 PM

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QUOTE(adibyusoff @ Jul 26 2018, 04:00 PM)
major cost cutting to operation guys...... no worthwhile increment no bonus no offshore allowance no project bonus etc....
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I heard they are giving "end year sale" price to operator in Malaysia. Don't know how they can money on that. confused.gif
paradox
post Jul 25 2019, 11:23 AM

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Hi Guys,

Looking for your advise. I got offer from Red MNC company that currently shaking due to debt.

You think this company can sustain or recover back in future? Currently i'm happy with what i'm doing. Just on the salary they pay me slightly lower from market.

Looking your advise.
paradox
post Oct 27 2020, 10:09 AM

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QUOTE(abgkik @ Oct 27 2020, 09:53 AM)
Pray for the safe of all crew..
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heard 4 guys still missing sad.gif
paradox
post Mar 9 2021, 12:03 PM

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QUOTE(xxxdhonamaria @ Mar 5 2021, 01:09 PM)
Thanks
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Don't really care who will win. But please award is the diaphragms and pile grippers to us notworthy.gif
paradox
post Mar 15 2022, 08:28 PM

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