Petrol Malaysia

Dear Reader, Have you heard of Oil Booms? Actually most people may have heard of the Oil Boom in Texas at the early part of last century. It provided jobs and was the foundation of wealth for oil tycoons like John D Rockefeller . Unfortunately that's not what I have in mind. Today I'd like to inform you about an invention known as the " oil boom spill containment device ". From an article in Wikipedia: A containment boom is a "temporary floating barrier used to contain an oil spill. Booms are used to reduce the possibility of polluting shorelines and other resources, and to help make recovery easier. Booms help to concentrate oil in thicker surface layers so that skimmers, vacuums, or other collection methods can be used more effectively. They come in many shapes and sizes, with various levels of effectiveness in different types of water conditions."  Often the first containment method to be used and the last equipment to be removed from the site o...

Dear Reader, Earlier this year The Star ran an article about the guy who took over Petronas CEO Hassan Merican's place. Actually, it was part of a larger article but there was a fair bit about the new Petronas CEO as well. His name is Datuk Shamsul Azhar Abbas, and below is the extracted text of the article that concerns him. Datuk Shamsul Azhar Abbas President and chief executive officer Petroliam Nasional Bhd   Feb 10 of this year will mark Datuk Shamsul Azhar Abbas' first year anniversary as Petroliam Nasional Bhd's (Petronas) president and chief executive officer.  Shamsul, who took over Tan Sri Mohd Hassan Marican's position as the Petronas' chief last year, is no rookie to the oil and gas industry having served with the Petronas group since 1974. He was the president and CEO of Petronas' Malaysian International Shipping Corp Bhd between 2004 and 2009.  Within his first year as Petronas' chief, Shamsul has made changes to the national oil co...

Dear Reader, After a long time of not putting up posts, I thought that it'd be nice to put up some content on this blog again. Here is a piece of news that caught my eye recently, from The Star Online. Petronas Carigali Makes Major Oil Discovery Offshore Sabah   PETALING JAYA: Petronas Carigali Sdn Bhd, the exploration and production arm of Petroliam Nasional Bhd (Petronas), has discovered oil 100km off the northwest coast of Kota Kinabalu. ..... “Current preliminary estimation of the hydrocarbon-in-place from this discovery is 227 million barrels of oil equivalent, with expected upside potential ,” it said. The company added that there were plans to further appraise the discovery in the near future. The 2011/2012 Economic Report released in early October estimates the country’s crude oil production to fall 6% to 600,000 barrels per day before picking up next year. This is following the completion of the Reservoir Management Plan as well as the resumption of produc...