Timor Leste Oil and Gas Industry

Timor Leste Oil and Gas Fields

TIMOR LESTE has become an independent country. Large deposits of oil and natural gas under the Timor Sea, in Timor-Leste’s territory as well as that of neighboring Australia and Indonesia, have been explored for more than forty years. During 2006, new exploration contracts were signed for areas in the Joint Petroleum Development Area (JPDA) and in Timor-Leste’s exclusive maritime territory.

Vietnam Oil and Gas Industry

Vietnam Basins

As at end of 2009, Vietnam had proven oil reserves of 4.5 billion barrels or 0.3% of the world’s oil reserves. Production was 345 thousand barrels daily. Gas reserves amounted to 24.2 trillion cubic feet (0.68 trillion cubic metres) and production was 30.9 billion cubic metres as the end of 2009. The country is a major buyer of imported technology, services and equipment related to the oil and gas industry

Thailand Oil and Gas Industry

Thailand Oil and Gas Fields

PPT Public Limited, formerly known as the Petroleum Authority of Thailand, oversees the oil, gas and power sectors in Thailand. In recent years, the industry has been deregulated with consequential privatization and consolidation. This move has been necessary to attract more foreign investments.

Singapore Oil and Gas Industry

Singapore Oil and Gas

Singapore does not have any natural oil resources but local companies are actively involved in exploration in various parts of Asia Pacific. Singapore Petroleum Company Limited (SPC) has exploration operations in China, Hongkong, Thailand, Vietnam, Cambodia, Malaysia, Indonesia and Australia.

Papua New Guinea Oil and Gas Industry

Papua New Guinea Oil and Gas Fields

Papua New Guinea (PNG) is endowed with abundant natural resources but development has been hampered by rugged terrain and high cost of developing infrastructure. In 2010, 8.6 million barrels of oil were exported; for 2011, the projected figure is 6.7 million barrels.

Mineral Resources Development Company Limited is a 100% state owned company. Its responsibilities are managing the interests of provincial governments and landowners in petroleum and mining projects as well as promoting the country as an investment destination for resources projects. In 2003, the Department of Petroleum and Energy introduced new incentive rates to encourage exploration activity in the face of declining production from old fields.

Oil and Gas Jobs - PDMS Operator

Hi all, we are looking for a suitable candidate for our project as per below :

Client : Tanjung Offshore
Work Location :  Kuala Lumpur
Duration : 1 Years with 1 extension option of 1 Years
Position : PDMS Operator (direct hire)
Qualification :

   

Petrofac Jobs and Career

Kindly be informed that we are currently urgently required for the above disciplines as per below requirements for PETROFAC please forward to all related person which is looking for job now :-

Oil and Gas Jobs - Piping Engineer/Designer

Below is the attached job description of the job my client is looking to hire. There are several positions within the piping area and hence please tell me if you are interested to explore with my client and if you are please do send in your most updated resume.

Petro Horizon Jobs

PetroHorizon Sdn Bhd is a fully integrated oil and gas service provider focusing on business with PETRONAS Group of companies and other oil and gas multinationals. A progressive company with experienced and qualified peoples of various disciplines who are market driven and willing to take tough challenges and explore new business opportunities.

PFCE Jobs and Career

PFCE has two full service yards, strategically located in Kemaman and Gurun. The Kemaman facility is located on the east coast while Gurun is on the northern tips of Peninsular Malaysia. Both locations offer easy to world-class port facilities. We have also established an East Malaysian office in Bintulu, Sarawak.

Oil and Gas Jobs - Project Engineer

PFCE has two full service yards, strategically located in Kemaman and Gurun. The Kemaman facility is located on the east coast while Gurun is on the northern tips of Peninsular Malaysia. Both locations offer easy to world-class port facilities. We have also established an East Malaysian office in Bintulu, Sarawak.

Philippine Oil and Gas Industry

Philippine Oil and Gas Fields

According to the US Energy Information Administration, in 2009, total oil production for the Philippines was 24.57 thousand barrels per day; crude oil production was 24.40 thousand barrels per day; and consumption was 313 thousand barrels per day. Proven reserves of oil were 0.14 billion barrels. In 2009, production of natural gas was 111 billion cubic feet; consumption was also 111 billion cubic feet, and proved reserves were 3 trillion cubic feet.

Myanmar Oil and Gas Industry

Myanmar Oil and Gas Fields

Myanmar’s oil output is small and gas is taking over from oil. Myanmar produces around 180 000 barrels of oil equivalent per day, of which 90% is accounted for by gas. However, oil has a long history in Myanmar. From 1886 to 1963, the country’s oil industry was dominated by Burmah Oil Company which discovered the Ychaugyaung and Chauk fields in 1887 and 1902 respectively. In 1962, the oil and gas industry was nationalized after socialist Government came into power

Laos Oil and Gas Industry

Laos Oil and Gas Fields

There are no official figures for the proven reserves of oil and gas in Laos. However, according to CIA World Factbook, the country’s consumption of oil in 2011 was estimated to be 1918 bbl/d, a 36% decrease over 2010 figure. The Ministry of Industry and Commerce governs and oversees the oil and gas sectors in the country.

Cambodia Oil and Gas Industry

Cambodia Oil and Gas Fields

Official figures for oil and gas reserves in Cambodia are not available. However, the presence of oil reserves in the country have been revealed by : onshore oil seepages; presence of sedimentary rocks; geological structures that may trap and hold oil and gas; interpretation of regional geology; similarity of geology of areas adjacent to Cambodia within which oil and gas has been found and is being produced east of Angkor Thom. In fact, estimates by the World Bank and United Nation Development Programme indicate that the country may have up to 2 billion barrels of oil and up to 11 trillion cubic feet of gas.

Huge potential of EOR in Malaysia Oil and Gas Industry

As reported by The Borneo Post, Petroliam Nasional Bhd (Petronas) has announced plans including the development of enhanced oil recovery (EOR) costing RM46 billion as part of its comprehensive RM300 billion capital expenditure (capex), affirming its commitment to catalyse productivity in the industry.

According to Petronas, the capex was boosted in part to venture into more challenging and green field projects such as EOR, deep-water and unconventional hydrocarbons.

PETRONAS to gearing up its exploration and production in 2012

As reported by The Borneo Post, Petroliam Nasional Bhd (Petronas) is gearing to sustain and optimise production on the back of its massive capital expenditure (capex) to catalyse key drivers in mega projects involving enhanced oil recovery (EOR), petrochemicals, storage facilities and extraction from recently identified oilfields.

Elaborating on the sector’s prospects for 2012 was HwangDBS Vickers Research Sdn Bhd (HwangDBS Research) analyst Quah He Wei who opined, “We expect Malaysia’s O&G upcycle to start in 2012 with Petronas going full throttle to sustain oil production.

Dialog to triple the combined capacity at its oil terminals

As reported by The Borneo Post on 6 Jan, Dialog Group Bhd (Dialog) is expected to triple the combined capacity at its oil terminals in Kertih and Tanjung Langsatwithin the next three years, an effort that will underpin future growth.

“With phase one of Pengerang and phase three of Tanjung Langsat coming on-stream, its oil terminals capacity will be increased from its current production of 1.0 million cubic metres to 2.8 million cubic metres,”

Recovery of Malaysia Oil and Gas Sector in 2012

The Borneo Post reported on 28 Dec that the recovery for the Malaysia oil and gas(O&G) sector may be in the pipeline next year in view of key potential tie-ups and new marginal oilfields to provide order book replenishment over the next few years.

OSK Research Sdn Bhd (OSK Research) in its recent report remarked, “We expect new contract awards, especially for the new marginal oilfields as well as the development of the existing marginal oilfields to start by the second half of 2012 and peak well into 2016.

Iran to Invest US$50 Billion to Explore Oil and Gas Fields in Caspian Sea

Caspian Sea

 

As reported by Bernama News on 24 Dec, the Iranian oil ministry envisaged investing up to US$50 billion to explore oil and gas fields in the Caspian Sea, a member of parliament, Ali-Asghar Yousefnejad, said on Friday.

"In a recent meeting with the oil minister, he explained on plans to explore oil and gas fields in the Caspian Sea," Yousefnejad said.

Petronas LNG Terminal Project in Lahad Datu got fully supported

As reported by Bernama News on Dec 16, Petronas' plan to set up a liquefied natural gas (LNG) re-gasification terminal in Lahad Datu will not only solve power shortage in the district but also bring spin-off opportunities to it.

Assistant Minister to the Chief Minister, Datuk Hj Datu Nasrun Datu Mansur, said he was aware of the proposed Petronas mega project and people in Lahad Datu fully supported it.

Malaysia Oil and Gas activities in 2012

2011 was a year of significant work for Malaysian engineering and fabrication companies, which will likely to continue into 2012, it is expected that other segments of the value chain will begin to pick up especially for offshore players.

According to RHB Research Institute Sdn Bhd (RHB Research) in its research report yesterday, there would be work for hook up and commissioning as well as installation of new facilities and pipelines, which all that required vessel support. It also anticipated more offshore exploration both in Malaysia waster and overseas, “And quite likely in our view – where Petronas goes, Malaysian service providers will follow.”

SapuraCrest obtains shareholders approval to merge with Kencana

As reported by Bernama News on Dec 14, SapuraCrest Petroleum Bhd has obtained shareholders approval to merge with Kencana Petroleum Bhd, to set the stage for the establishment of the world's fourth largest oil and gas services provider.

Group president cum chief executive officer Datuk Seri Shahril Shamsuddin said the company is now only awaiting approval from Kencana's shareholders, at its extraordinary general meeting (EGM) tomorrow, before moving on with the merger.

Brunei Oil and Gas Industry

Brunei Oil and Gas Fields

In 2009, 23.5% of Brunei crude oil was exported to Indonesia. This was followed by Australia (17.4%), South Korea (16.4%), India (16.2%), New Zealand (9%), China (7.9%), Thailand (3.4%), Singapore (2.8%), Japan (2.4%), Philippines (0.5%) and Malaysia (0.5%).

To arrest declining production of oil fields, in 2000, Brunei embarked on one of the largest single three-dimensional (3-D) seismic survey in the world, conducted in a new frontier. The acquisition of the 10,000-square kilometer 3-D seismic data over (Block CA-1) and (Block CA-2) in the deepwater areas of the Brunei Exclusive Economic Zone was completed in early 2001.

Indonesia Oil and Gas Industry

Indonesia Oil and Gas Fields

As the end 2009, Indonesia’s proven reserves of oil were 4.4 billion barrels or 0.3% of the world reserves. Production was 1021 thousand barrels daily. In 2001, the new Oil and Gas Law No. 22/2001 was passed, which relinquished Stated-owned oil company Pertamina of its role in granting new oil development licenses and limited the company’s monopoly in upstream activities. 

Malaysia Oil and Gas Fields

Malaysia Oil and Gas Fields

Malaysia Oil and Gas Industry

Malaysia Oil and Gas Fields

According to June 2010 BP Statistical Energy Survey, Malaysia had proved oil reserves of 5.5 thousand million barrels or 0.4% of world total at the end of 2009. Production was 740 thousand barrels daily, a drop of 3.7% compared to 2008 figures. Regarding natural gas, the same report stated that in 2009, Malaysia has proved reserves of 2.38 trillion cubic metres or 1.3% of world total. Production was 62.7 billion cubic metres, which was a 3.3% decline over 2008 figure. The country's major domestic oil production occurs offshore and primarily near West Malaysia.

Top 10 Oil and Gas Companies

Top 10 Oil and Gas Companies

Previously, i already shared the List of Petroleum Companies Worldwide. Here come the list of Top 10 Oil and Gas Companies Worldwide

Fire at Petronas Penapisan Terengganu (PPTSB) - Four Injured

 

As reported by Bernama News on Dec 13. Four contract workers carrying out restoration work at a Petronas Penapisan Terengganu Sdn Bhd (PPTSB)

The fire at the Crude Distillation Unit (CDU) in Kerteh, Kemaman which was under maintenance and restoration, was put out in 15 minutes by a Petronas Security team.plant were injured in a fire at about 5pm yesterday.

Kencana win Wheatstone LNG contract worth RM1 billion

Wheatstone LNG Plant

As reported by LNG World News, Kencana Petroleum Berhad was announced that its wholly owned subsidiary, Kencana HL Sdn. Bhd., has secured a contract  from Bechtel International Inc, for the fabrication and assembly of structures and components forWheatstone LNG processing facility in Australia.

The Contract scope includes fabrication, assembly, testing and loading of process equipment modules for Wheatstone Project LNG Plant Facility

Petronas Chemicals to build new plants in Sabah and Johor

 

Reported by Bernama News yesterday, Petronas Chemical Group (PCG) is in the process of constructing two new plants, one each in Sabah and Johor, at a cost of over US$21 billion.

Its president Dr Abdul Hapiz Abdullah said PCG will build the Sabah Ammonia Urea (SAMUR) fertiliser plant in Sipitang, Sabah at a cost of US$1.6 billion, while in Pengerang, Johor, it will set up the US$20 billion RAPID (Refinery and Petrochemicals Integrated Development) plant.

SapuraCrest Kencana eyeing more international projects

As reported by Business Times on 10/12/2011, SapuraCrest Kencana Petroleum Bhd, the upcoming merged entity between Malaysia’s two largest oil and gas (O&G) players, is eyeing more international  projects, especially in Australia and Brazil, to boost its already fat order book of RM13 billion.

SapuraCrest Petroleum Bhd executive vice-chairman and president, Datuk Seri Shahril Shamsuddin, said the company and Kencana Petroleum Bhd were bidding for multi-billion ringgit worth of O&G jobs stretching from Malaysia to Brazil.