Lecturers of Heriot-Watt University Malaysia will enjoy 50% discount on PetroEdge Training Courses
PUTRAJAYA, 27th September – Heriot-Watt University Malaysia is pleased to announce that it has embarked on a three-year partnership with PetroEdge Pte. Ltd. (AsiaEdge Pte. Ltd.) and NrgEdge Pte. Ltd. today. This collaboration is aimed at nurturing Heriot-Watt University Malaysia students to be industry-ready upon graduation.
A Memorandum of Understanding (MoU) was signed by key representatives from each organisation, i.e. Professor Mushtak Al-Atabi and Ms Janice Yew, Provost & Chief Executive Officer and Chief Operating Officer and Registrar of Heriot-Watt University Malaysia respectively; as well as Mohammad Khalid and Mohd Anas Asalem, Chief Technology Officer and Regional Strategic Partnerships Manager of NrgEdge Pte Ltd respectively.
With the MoU, Heriot-Watt University Malaysia lecturers will obtain a 50% discount on PetroEdge Training Courses. Various volunteer and networking opportunities with industry players will also be made available to students and lecturers, allowing them to gain a more in-depth understanding of the oil and gas industry and enhance their skills and knowledge in the field. The partnership also encourages dialogue between students and lecturers as NrgEdge provides a knowledge-sharing platform via online forums and discussions.
Additionally, the students and lecturers will have access to NrgEdge’s digital learning platform at www.nrgedge.net/learning, which include e-learning courses, webinars and virtual reality modules. This marks another step forward for the university in digital technical learning.
According to Professor Mushtak, the partnership with PetroEdge and NrgEdge would bring great value to students. “The 21st Century has brought its unprecedented challenges and opportunities and for our students and academics to succeed and thrive professionally and personally, they will need to adopt a continuously learning and growing mindset. Making world class courses available to our community electronically is a very important initiative that will go a long way in supporting the professional development of our people.”
Mohammad Khalid from NrgEdge adds, “It is our vision to help members in the energy, oil and gas industry excel at every point in their career journey, by providing them with the tools to succeed, whether it be by networking, or by helping them learn new skills. We want to be able to bridge the skills gap and to prepare the students for a brighter future in the industry.”
Aina Jais, a second year MEng Petroleum Engineering student at Heriot-Watt University Malaysia adds that PetroEdge would certainly assist in helping her to gain an edge in these uncertain economic climate. “I am looking forward to using the platform to learn more. I have a huge passion towards the petroleum industry, and hope that we can gain a deeper insight into the industry, and glimpse into the career that will shape our future.” Aina Jais is also a NrgEdge Student Ambassador.
The event was held at Heriot-Watt University Malaysia in Putrajaya. Besides the MoU signing ceremony, the day’s itinerary also included speeches by Professor Mushtak and Mr. Khalid, as well as a testimonial by NrgEdge Student Ambassador Aina Jais. The event concluded with a group photo session and light refreshments.
About PetroEdge and NrgEdge
AsiaEdge Pte. Ltd. is the holding company of PetroEdge, the leading provider of Energy, Oil & Gas training in Asia. NrgEdge is the professional networking platform for Energy, Oil & Gas professionals, focusing on the Asia Pacific region. The company aims to create a holistic environment that will empower members to excel at every point in their career journey and to assist companies grow their business more effectively.
About Heriot-Watt University
Founded in 1821 as the world’s first mechanics institute, Heriot-Watt has a rich heritage and an established reputation as a leading research-led university. Now, our communities of scholars come from across the world and for a purpose: leaders in ideas and solutions, they deliver innovation and educational excellence in business, engineering, design and the physical, social and life sciences.
Working with leading academics, our students learn and thrive in our friendly community of campuses, with our partners and online. Our graduates are specialist, creative, professional and globally minded. With their research-informed education underpinned by the Heriot-Watt values, they develop character, leadership skills and social mobility, becoming professionally educated, globally employable, citizens of the world.
Our roots are in Scotland, our ambition and reach are truly international. A leader in transnational education, wherever we are, Heriot-Watt is a powerful driver and engine of the economy. Together with our alumni, civic community and industry partners, we transform people, society and the world we live in.
PetroEdge Pte. Ltd. (AsiaEdge Pte. Ltd.) & NrgEdge Pte. Ltd.
+65 6741 9927
Heriot-Watt University Malaysia
+6012 377 3945
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Headline crude prices for the week beginning 19 August 2019 – Brent: US$58/b; WTI: US$55/b
Headlines of the week
A lot of complications arise when a government changes. Particularly if the new government comes in on a mandate to reverse alleged deficiencies and corruption of previous governments. This is amplified when significant natural resources are involved. It has happened in the past – when Iran nationalised its oil industry by kicking out BP – and it could happen again in the future – in Guyana where the promise of oil riches in the hands of foreign firms has already caused grumbles. And it is also happening right now in Papua New Guinea, as the new government led by Prime Minister James Marape took aim at the Papua LNG deal.
Negotiated by the previous government of Peter O’Neill, the state’s new position that is the current gas deal is ‘disadvantageous’ to country. A complex set of manoeuvres – accusing O’Neill of multiple levels of corruption – led to a proposed vote of no confidence and an eventual resignation. With the departure of O’Neill, public opinion on the Papua LNG project (as well as the PNG LNG project) switched from being viewed as a boon to the economy to one of unequal terms that would not compensate the nation fairly for its resources.
So, despite a previous assurance in early August that the new government of Papua New Guinea would stand by the previous gas deal agreed with the Papua LNG stakeholders in April, Marape sent a team led by the Minister of Petroleum Kerenga Kua to Singapore to renegotiate with the project’s lead operator Total.
As the meeting was announced, suggestions pointed to a hardline position by Papua New Guinea… that they could ‘walk away from a new deal’ if the new terms were not acceptable. In a statement, Kua stated that the negotiations could ‘work out well or even disastrously’. From Total’s part, CEO Patrick Pouyanne said in July that he expected the government to respect the gas deal while Oil Search stated that it was seeking ‘further clarity on the state’s position’. The gas deal covers framework of the Papua LNG project, which was scheduled to enter FEED phase this year with FID expected in 2020, drawing gas from the giant onshore Elk-Antelope fields ahead of planned first LNG by 2024. So, the stakes are high.
With both sides locked into their positions, reports from Singapore suggested that the negotiations broke down into a ‘Mexican standoff’. No grand new deal was announced, and it can therefore be inferred that no progress was made. There is a possibility that PNG could abandon the deal altogether and seek new partners under more favourable terms, but to do so would be a colossal waste of time, given that Papua LNG is nearing a decade in development. Total and ExxonMobil have already raised the possibility of legal moves if the deal is aborted, with compensation running into billions – billions that the PNG government will not have unless the Papua LNG project goes ahead.
But the implications of the deal or no-deal are even wider. The PNG state has already stated that it will look at the planned expansion of the PNG LNG project (led by ExxonMobil and Santos) next, which draws from the P’nyang field. Renegotiation of the current gas deals in PNG may have populist appeal but have serious implications – alienating two of the largest oil and gas supermajors and two of PNG’s largest foreign investors could lead to a monetary gap and a mood of distrust that PNG may be unable to ever fill. Hardline positions are a good starting position, but eventual moderation is required to ever strike a deal.
Papua LNG Factsheet: