NrgEdge Editor

Sharing content and articles for users
Last Updated: December 6, 2017
1 view
Business Trends
image

Anas Alam Faizli has recently joined UEM Edgenta Propel as Head, Performance Improvement. When he’s not working, he spends his time with his adorable and beautiful daughter.


uploads1512524590375-Anas+Alam+Faizli+Profile+Picture+b.jpg


1. In 2014, you wrote a book which became a bestseller in Malaysia for a period of time and it’s called Rich Malaysia, Poor Malaysians. In it, you talked about how PETRONAS plays a significant role in contributing to the country’s economy. With the current times of unstable oil price, what can you advise fresh graduates who are passionate about the industry but are unsure about their futures? Should they still pursue their passions?


Thank you for your question. For your information, there is a new edition to the book. Recently published and launched in 2017 by Tan Sri Arshad Ayub, who is one of our eldest statesmen in the country. Actually, the oil and gas industry is normally very volatile. The oil price will go up and go down. The only difference is that it has been low for a period of 3 years and it’s giving a massive impact to the industry, in which we have seen layoffs and people becoming unemployed, cutting measures, etc. But to me personally, we are looking at the new normal where the price of oil is at $50 per barrel. The oil and gas industry has survived before at $20-30 per barrel. What happens is when it hit $100 per barrel, the amount of wastages and inefficiency in the industry grew. With the new normal, we can see the emergence of new technologies and a new way of doing things. For fresh graduates, my advice is they should continue pursuing their education in oil and gas because it is still the dominant industry with the highest standards for engineering, safety and quality, as well as professionalism. Professionals in oil and gas are very much sought after. So, please keep pursuing your passions because the future in energy industry is still bright.

2. How important has your professional network been, in getting you where you are today? Also, other than the workplace, where should one start building their professional network?


As a word of advice, for someone who is just starting up their career, one should not be working in limited silos. For example, if that person is working in Downstream business in a particular process plant, perhaps as a mechanical engineer, he should not be focusing on just mechanical. In fact, he should ingrain in himself a love for the industry, because the only way to improve himself is to understand the bigger picture by interacting with professionals from other disciplines. He needs to learn about the industry as a whole and extend the understanding to Upstream business. Like myself, I’ve always been exposed to Upstream activities but I’ve had the opportunity to complete the whole cycle of Upstream – from engineering, to procurement, to construction, to commissioning; and I have also had the exposure of working offshore and internationally. I think that young professionals should interact with people outside of their scope of work. They should build their professional network when they meet with their counterparts from subcontractors and clients. They should also join professional societies such as Society of Petroleum Engineers (SPE) and Malaysian Oil & Gas Services Council (MOGSC) – where they will have plenty of opportunity to network and expand their knowledge. In terms of online networks, there are various groups you can join such as Linkedin Groups, where you can connect with other professionals in the field.

3. Seeing as you came from an academic background, where both of your parents were lecturers at the Universiti Teknologi Malaysia (UTM), how important is education in shaping one’s career path? And do you think that fresh graduates today are well-equipped to navigate their way in their jobs?


When you’re in university, education is not just limited to the subjects you are taking. There are 2 aspects in education – 1) To teach you how to Learn. For example, in a semester you might be learning 4 different topics and skillsets. So you can easily adapt this to working life where you’re able to pick up learning about different things at once. 2) It teaches you how to Socialise. There are many associations, extracurricular activities, student body programs, which you can join and be a part of. You have to embrace it holistically and learn to make the most out of your university experience. I’ve always believed that education is the number one problem solver to all our social woes.

4. Do you feel that youths today have more opportunities given global connectivity?


I believe the youths today have the additional advantage because you are able to obtain information at your fingertips. Back in the day, you have to spend more on experiences. Now you can easily read up on things online and the transfer of knowledge has grown tremendously faster than ever before. The expectation on the youths is more and the competition has become fierce. The opportunity to expand one’s self is unlimited.

5. What challenges do you see forthcoming in the oil & gas industry?

The challenges would be for the smaller companies which provide oil & gas services, whether they can survive and adapt to these trying times. Companies have to make serious decisions when they are going into an oil and gas business. This is not the type of industry where you can simply go in for the easy money. It has become more challenging due to the new ‘normal’.

6. On a personal note, what challenges have you overcome in your career? And how did you do it? You spent 2 years working offshore between Malaysia-Vietnam borders – was this the toughest time for you?


One of my biggest challenges was when I was just starting work, I was a non-engineer and my degree was in Computer Science. I joined the industry because they needed someone with a computer science background to do the project planning. From there, I picked up project understanding, and then became a Project Engineer, and soon started managing projects. As a non-engineer who had to understand the engineering environment, there were definitely more challenges for me during the first formative years in my career.  The times when I worked offshore were also tough, but more so from a physical aspect.

7. Name the most memorable experience that happened in your career. How did it affect you and did it change you for the better?


One of my most memorable experience was to get an offer from Petronas Carigali. I was working all the way in Teluk Ramunia with Sime Darby Engineering, and I was wondering if I was ever going to get out of that remote location! Another memorable experience was when I was offered to work in Vietnam under Talisman, which was quite a transformative experience because I had to deal with international people on a global scale. Dealing with the Vietnamese people was also quite a challenging experience in the beginning because of the differences in culture. Furthermore, they were very inexperienced as they had never done fabrication engineering, or had a full-fledged procurement process. So, we had to teach them these things. Eventually we got their buy-in and the processes became smooth. It was very fulfilling in the end.

8. What would you like to see differently in the way things are operating in the energy, oil and gas industry in Malaysia?


I would want to see more local Malaysian players taking on global competition. I would also like to see service providers going global. As you know, we (the local oil & gas industry) has been around as long as Singapore and Korea. So, I want to see local players becoming as successful as Hyundai engineering, or Samsung Engineering, etc. I want to see that happening in the near future.

9. In today’s world, everything is going digital. Even learning. Digital learning in Oil & Gas is now possible with e-courses, webinars, and VR modules (which are also available on NrgEdge). How big do you think is the market for this type of learning in Malaysia? Should oil and gas companies consider digital learning to upskill their employees?


I think that learning and education is something you could never spend enough on. I believe that the ROI for upskilling employees is always very good. We have seen many cases where companies spend on human capital and seen tremendous rewards in terms of revenue and efficiency. I’m all for this.

10. You must lead a busy life, besides working, you have your active volunteer work and writing on the side – how do you manage the elusive ‘work life balance’? Is such a thing possible in today’s day and age of technology, where work can follow you on mobile?


I think that when work follows you on mobile, you become more efficient. When I was studying for my doctorate, I was also working and managing a few NGOs on the side, as well as managing the book. It all boils down to time management. Passion and dedication is also a contributing factor. In this day and age, it is possible to have a more balanced life. More companies are open to working from home thanks to connectivity. You can easily reply a work email or text on your mobile, instead of having to go into office to reply on your desktop. I think that having work done via mobile is not a negative thing – in fact things are more efficient now.

11. You’ve written a book, met incredible leaders, and led various organisations on top of your existing day job. So, what else is in store for you?


Interesting question but I’ll just have to keep this as a surprise! Something is coming soon, that’s all I can say.



Sign up on NrgEdge to read more articles like these and get connected with oil, gas and energy industry influencers!

Visit https://goo.gl/a36LfT

interview influencer oilandgas energy business
3
6 2

Something interesting to share?
Join NrgEdge and create your own NrgBuzz today

Latest NrgBuzz

Top Brand In India Helps Automotive, Electrical Industries For Resistance Welding Consumables - PARENTNashik

ParamountEnterprises with a renowned brand .PARENTNashik is an ISO 9001:2015 certified company, listed in major leading manufacturers, suppliers & exporters of resistance spot welding consumables, spares, weldparts in Nashik – India.

PARENTNashikis younger energetic, with highly skilled engineering group having extensive more than 2-decade experience in resistance spot welding supplies and installed latest technology machining facility at works, manufacturing all sorts of resistance gun spot welding spares &consumables.

WhyPARENTNashik– 

  1. Product know-how more than 20 years of experience in resistance spot welding

  2. Design, optimization & production of special spares, parts

  3. Products that meet all international quality standards & requirements.

  4. Productionline having next-generation CNC machinery.

  5. Timely delivery

  6. Express production service available

  7. Delivery anywhere.

Resistance Welding Consumables &Spot Welding Gun Spare WeldParts Offered:- 

Spot welding electrodes,cap tips, bend electrodes, double bend electrodes, shanks, holders,gun arms dully insulation coating, adapters,flexible shunt,braided cables, water cooled kickless cables, jumper aid cables,bracket in aluminium & copper, gyro ring rotational assly.,electrical busbar, busbar 3D, swivel pad electrodes, projection welding electrodes,nut welding electrodes, nut welding pins, ceramic pins, insulating bush, elkonite faced electrodes, projection welding electrode caps,seam welding wheels, shaft, silver contacts, bush, housing body,conductive grease, restoration of seam welding housing frame, robotic welding shank, robotic holders, robot welding cables, on-line &Offline Gun Arm Insulation coating, BS807 electrode tips flat,centre, offset, angle offset, cranked, spade, jobbing, reducing adapters, straight stem holders, threaded adapters, ISO adapters, nut welding bodies, nut weld pins, nut welding caps, ISO electrode tips,PSA style electrodes. Copper Chromium Zirconium, Beryllium Copper,Nickel silicon Copper Chromium, RWMA Class-2,Class-3,C-18150,C17510,C17500 Copper alloy, rods, flats, bars, Threaded electrodes,composite electrodes, Male electrodes, offset electrodes, single crank electrodes, double bend electrodes, swivel electrodes, cap adapters, reducing adaptors, double bend cap adaptors, Merituselectrodes, tool post, water connections, water tubes, horizontal adaptors, horizontal toolpost holderBloster, Horseshoe adaptors,Machine arm, plattern, Projection weld nut assemblies, ceramic coated sleeves for stud welding, stud electrode, solid ceramic bush, stud electrode elkonite faced, projection welding bodies, copper tungsten faced electrodes, insulated nut electrodes, ½”screwed electrodes,pad bolt, short tool post.

.PARENTNashikalso offers variety of unique refractory metals for resistance spot-welding like Elkonite- Tungsten, Tungsten copper, molybdenum,graphite, TZM tipped electrodes.

 Specialist in copper 3D busbar.

Presentlysatisfied customers are in India, Malaysia, Middle East, Europe-France, Spain, Italy, and USA.

September, 21 2019
Your Weekly Update: 16 - 20 September 2019

Market Watch  

Headline crude prices for the week beginning 16 September 2019 – Brent: US$69/b; WTI: US$63/b

  • Global crude oil prices surged at the start of the week as news that a successful drone strike on the Abqaiq processing plant and the Khurais oil field in Saudi Arabia took out over half of the Kingdom’s crude production capacity
  • Brent prices jumped above US$70/b at one point on fears on global supply disruption, but abated as President Donald Trump authorises the release of US strategic petroleum reserves to cover the market
  • Initial fears that the Saudi Arabian crude output would be crippled for months proved to be extreme, with Saudi Aramco announcing that some 70% of capacity at Abqaiq had been restored within days
  • But more worryingly is that this incident escalates the risk of a full-blown military confrontation with Iran; the US was quick to accuse Iran of the attack, citing data on the attack, which was denied by Iran
  • Yemen’s Iran-backed Houthi rebels claimed responsibility for the attack, although initial results of a Saudi investigation pointed to the weapons originating from Iran
  • For now, crude oil prices have retreated as the risk of widespread supply disruption abated, but tensions are still high in the region
  • This comes after President Trump signals that he was considering easing sanctions in an apparent thaw in the US-Iran relationship; this opportunity now appears to have evaporated
  • Saudi Arabia’s new oil energy minister, Prince Abdulaziz bin Salman, made a positive impression at the recent OPEC+ meeting, with errant members of the group signalling that they were now ready to adhere to the supply deal
  • In Venezuela, the oil crisis continues as ongoing US sanctions now mean that the country cannot find enough vessels to transport its crude, as shippers fear losing insurance coverage if they transport Venezuelan oil
  • Iran has released the UK-flagged Stena Impero vessel that it had impounded, a lone bright spot in a region now clouded by geopolitical tensions
  • Against this backdrop, the US active rig count recorded yet another fall, losing five oil and seven gas rigs for a net drop of 12 to a new total of 886 rigs
  • With the shock of the Saudi drone attacks abating, crude oil prices are retreating back to their previous range – US$60-63 for Brent and US$56-59/b for WTI – as the impact of global supply was minimised; another attack, however, might cause a more permanent shift in prices


Headlines of the week

Upstream

  • Equinor has received consent from the Norwegian Petroleum Directorate to continue operations at the Tordis and Vigdis fields through 2036 and 2040, respectively, extending the life of the North Sea fields by 34 years
  • BP has announced that it will deploy continuous measurement of methane emissions for all future oil and gas projects in a bid to reduce emissions
  • CNOPC and Niger have agreed to collaborate on a 1,892km pipeline to carry oil from Niger’s Agadem rift basin to port facilities in Benin
  • The South African government is tabling a new law that will allow the state to take a free stake of up to 10% in all new oil and gas ventures, hoping to capitalise on a surge in upstream interest after Total’s Brulpadda discovery

Midstream/Downstream

  • As the IMO deadline for low-sulfur marine fuels approaches, refiners have begun stockpiling supplies of very low-sulfur fuel oil to ensure adequate supply; this includes Japan’s Cosmo Oil that aims to begin supplying VLSFO to the domestic marine market by October 2019
  • IndianOil’s Gujarat refinery stated it ready to produce 12,900 b/d of VLSFO by October while its Haldia refinery will start producing 5,500 b/d of VLSFO by December; this should be adequate to cover the India’s marine fuel demand
  • India is considering selling a stake in BPCL, the country’s second largest refiner, to an international firm to boost competition in downstream fuel retailing that has historically been dominated by state firms
  • Valero Energy and Darling Ingredients are launching the first renewable gasoil plant in Texas, focusing on producing renewable diesel and naphtha
  • In the UK, Essar Oil’s Stanlow refinery aims to increase its diet of US crude from a current 35% to 40%, leveraging on cheaper American oil
  • The after-effects of Russia’s contaminated crude through the Druzhba pipeline continues as Total issues a tender to sell 1.3 million barrels of tainted Ural crude through Rotterdam after failing to process it

Natural Gas/LNG

  • Poland has won a ruling from the EU courts to reduce Russian control over the key EU Opal pipeline that carries Russian gas from the Nord Stream link to Germany, preventing Gazprom from using most of Opal capacity in a bit to increase energy security for Eastern European countries
  • Vitol and Mozambique’s state player ENH have set up a new joint venture in Singapore to capitalise on trading opportunities for LNG, LPG, and condensate
  • Australia’s Liquefied Natural Gas Ltd and Delta Offshore Energy will supply gas from the Magnolia fields to an LNG-to-power project in Bac Lieu, Vietnam
  • Eni’s Baltim South West gas field offshore Egypt has started up production, only 3 years after discovery, producing an initial 100 mscf/d of gas
  • US gas player Sempra is looking to take FID on its Energia Costa Azul LNG project in Mexico’s Baja California region by the end of 2019
  • Egypt has announced that it expects to receive first natural gas from Israel by end-2019 through the East Mediterranean Gas pipeline, with initial supplies of 200 mscf/d that will rise to 500 mscf/d by 2020
  • The Independence floating LNG terminal in Lithuania – built to reduce the Baltic region’s dependence on Russian gas – is set to receive its first-ever cargo from Siberia, likely from Novatek’s LNG projects in Yamal
September, 20 2019
Financial Review: Second-Quarter 2019
Key findings
  • Brent crude oil daily average prices were 9% lower in second-quarter 2019 than in second-quarter 2018 and averaged $68 per barrel
  • The 117 companies in this study increased their combined liquids production 4.6% in second-quarter 2019 from second-quarter 2018, and their natural gas production increased 5.0% during the same period
  • Nearly half of the companies were free cash flow positive—that is, they generated more cash from operations than their capital expenditures
  • Dividends plus share repurchases were nearly one-third of cash from operations, slightly lower than the six-year high set in first-quarter 2019

Distributions to shareholders via dividends and share repurchases amounted to nearly 33% of cash from operations


See entire second-quarter review

September, 20 2019