Career Fair: Mustang Open House

Fancy an outing to KL city centre this weekend? Might as well to go and visit the MSD office at The Icon, Jalan Tun Razak.

Mustang is still relatively new in Malaysia. Nevertheless they're reputable engineering consultant in Oil & Gas, internationally.


What is it all about?

Mustang Engineering is organizing an event... Career Open House eh? This is new. I personally never experienced the concept of Career Open House myself. Perhaps a more casual version of the typical Career Fair... plus food.

The pdf version of the poster above can be found here.

Kencana Secures RM74m Fabrication Job from ExxonMobil

KUALA LUMPUR (Feb 29): KENCANA PETROLEUM BHD has secured a RM74 million contract from ExxonMobil Exploration and Production Malaysia (EMEPMI) to fabricate the substructure for a platform off Terengganu.

The company said on Wednesday its unit Kencana HL Sdn. Bhd was awarded the contract to fabricate the substructures which include jacket, piles and related components which formed part of Tapis R central processing platform for the Tapis re-development project off the coast of Terengganu. “The total value of the contract is approximately RM74 million. It is a one-off EPC contract and is expected to be delivered to EMEPMI within the second quarter of calendar year 2013,” it said.

Energy Commission Wants IPPs to Reduce Capacity Payments

KUALA LUMPUR (Feb 28): The Energy Commission has invited the first generation of independent power producers to submit their plans to extend the power purchase agreements (PPAs).

Its chairman Tan Sri Dr Ahmad Tajuddin Ali said on Tuesday that these IPPs, whose PPAs scheduled to end in three to four years, were invited to extend the agreements on condition they would reduce the capacity payments.

According to the commission website, there are 27 IPPs in Malaysia.

As for the Prai combined cycle gas turbine power project, he said the commission had received pre-qualification statements from 33 out of 38 participants. The 33 participants comprised of the 18 consortia and sole bidders. All submissions would be evaluated and the short-listed bidders would be announced after March 19.

Written by Max Koh of theedgemalaysia.com

Uncertainties Cloud MMHE Earnings Visibility

Pending the transfer of SDE's employees to MMHE, seems they have too much on the plate right now....

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PETALING JAYA: Malaysia Marine and Heavy Engineering Holdings Bhd's (MMHE) earnings visibility is clouded by project uncertainties, delays and intensifying competition, according to CIMB Research.

The research house noted that MMHE's orderbook was filling up more slowly than expected, thus indicating it was not necessarily the fabricator of choice for national oil giant Petroliam Nasional Bhd and even MMHE's parent MISC Bhd.

“MMHE's orderbook has shrunk from RM5.95bil in June 2010 to RM3.7bil currently,” it said.

CIMB Research also said that two widely anticipated major contracts, Turkmenistan's Block 1 Phase 2 project and Shell's Malikai project, might not be awarded so soon and may not go to MMHE.

Kencana Unit Lands RM1b Fabrication Contract from Bechtel

KUALA LUMPUR (Dec 8): KENCANA PETROLEUM BHD ’s unit, Kencana HL Sdn Bhd, has secured a RM1 billion contract from Bechtel International Inc for the fabrication and assembly of a liquefied natural gas (LNG) processing facility in Australia.

Kencana said on Thursday that the contract scope included fabrication, assembly, testing and loading of process equipment modules for Wheatstone Project LNG Plant Facility located at Ashburton North, Western Australia.

Career Fair: BN Youth Job Fair 2011

You can read my previous posting related to this event, here.

Last event for this calendar year organized by the BN Youth. Your division is giving a good impression, KJ...

Venue: Dewan Tun Razak 1, PWTC
Period: 18 - 20 November 2011

Also, you can get more info here.

Oil & Gas News: Petronas Makes Significant Oil Discovery Offshore Sabah

KUALA LUMPUR (Nov 15): Petroliam Nasional Bhd’s exploration and production arm Petronas Carigali Sdn. Bhd. has made a significant oil discovery offshore Sabah.

In a statement Tuesday, Nov 15, Petronas said the discovery was made via the Wakid-1 well within Block 2G-2J, about 100km northwest of Kota Kinabalu.

Petronas said preliminary estimates placed reserves at the discovery at 227 million barrels of oil equivalent, with expected upside potential.

Career Opportunity: Velosi Energy Consultants

You can read the press release about the acquisition of Velosi by Applus+ and The Carlyle Goup here.

Also you can find my previous post about Velosi here.

Who are they?

The VELOSI Group, founded in 1982, provides Asset Integrity, Health, Safety and Environment (HSE), Quality Assurance, Quality Control and Engineering services to a number of leading national and multinational oil and gas companies, including BP, Shell, ExxonMobil, ADNOC, PETRONAS, PetroBras, ONGC, and Chevron. The Velosi Group operates globally through five regional headquarters in the USA, the UK, Malaysia, South Africa, and the UAE and has 63 offices in 36 countries worldwide.

Career Opportunities: Labuan Shipyard & Engineering

Who are they?

Labuan Shipyard & Engineering Sdn Bhd (LSE), a subsidiary of Realmild (M) Sdn Bhd, was incorporated on 26 September 2005 and took over the facilities, operations and all business activities of Sabah Shipyard Sdn. Bhd.

The yard itself had been in existence since 1972 and had built up an extensive and proven track record in oil and gas engineering and fabrication, shipbuilding, ship repair and construction of power barges. LSE is also actively involved in the refitting, modernization and scheduled maintenance of naval crafts.

Manchester United IPO

Here' s a piece of an article related to Manchester United's IPO to listed on SGX.

Credits to Dali for the article.

Manchester United To List In Singapore

Do I mind that MU is going to list on SGX? Not particularly because seriously, Malaysia was NEVER under the radar for consideration. That is just the plain truth. It was always going to be between HK and Singapore. Imagine the consternation among fans from the UK to hear of this listing.

Will you make money from this IPO, probably if you got in at IPO level as the frenzied trading on listing would provide enough room to get out. Will the company make real money in the long term term? Not likely. In the end, the shares are likely to stay in the hands of staunch supporters, and scheming rich billionaires slicing some stake in the hope that MU's controlling shareholders will someday sell or just pass on.