Luis Rosa Lopes’ Post

𝐑𝐨𝐭𝐚𝐫𝐲 𝐬𝐢𝐠𝐧𝐬 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐏𝐫𝐨𝐜𝐮𝐫𝐞𝐦𝐞𝐧𝐭 𝐀𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭 (𝐂𝐏𝐀) 𝐰𝐢𝐭𝐡 𝐀𝐫𝐚𝐦𝐜𝐨 𝐚𝐬 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐢𝐭𝐬 𝐟𝐥𝐚𝐠𝐬𝐡𝐢𝐩 𝐢𝐤𝐭𝐯𝐚 𝐩𝐫𝐨𝐠𝐫𝐚𝐦 Rotary Engineering is proud to be selected by aramco as its Corporate Procurement Agreement (CPA) partner for tanks. Along with other senior leaders from aramco and leading international suppliers, Deputy CEO, Chun Peng KOH, attended the signing ceremony of agreements worth over 6 billion dollars. The CPA falls under a strategic pillar of the Aramco in-Kingdom Total Value Add program (iktva), used to enhance the ecosystem through establishing long-term agreements and commitments with its trusted partners. As a leading Singapore company selected for this sector, the CPA solidifies Rotary's position as a trusted provider of storage solutions on the international stage. Playing our part as aramco’s strategic partner, we are confident to foster mutual collaboration and contribute to the vibrant Oil & Gas supply chain ecosystem of Saudi Arabia. More information here: https://bit.ly/3IfCyu9 #RotaryEngineering #Aramco #Partnership #IndustryLeaders #StorageSolutions #Collaboration

As part of a wider effort to bolster the capabilities of Surinamese businesses, Chevron and Staatsolie are set to host a Supplier Development Program later this month. This initiative follows the successful 2023 Blue Wave Supplier Development Program launch, a collaborative effort with ExxonMobil and Chevron. https://lnkd.in/e2QaPYPy

Good info. Thanks to author and three of the companies that I’ve worked with listed below under Refinery, trading and Oilfield Services.

Sharing as reference. Be sure to check the comment section; it offers insightful perspectives ☺️

Saudi aramco Inks $6 Billion Procurement Deals 💸 Saudi Aramco, the world’s biggest oil producer, has signed 40 corporate procurement agreements worth $6bn with local suppliers. 💪 The state-owned energy giant seeks to develop the country’s energy services sector while boosting its localisation programme. 💪 The 40 new agreements signed today are expected to contribute to the domestic value chain, and further enhance the ecosystem that Aramco is helping to build. 💪 The procurement pacts also align with Aramco's iktva program, aimed at spurring economic growth and employment opportunities for Saudis. Aramco President & CEO Amin H. Nasser lauds the achievement, emphasizing its significance for the energy and chemicals industries. 📈

PETRONAS Accelerates Development Of 12 Fields Offshore Malaysia With Multiple PSC Deals “(WO) – PETRONAS signed Production Sharing Contracts (PSCs) for three clusters of Discovered Resource Opportunities (DRO) marketed under the Malaysia Bid Round Plus (MBR+) Round I. These clusters are located offshore Peninsular Malaysia.” More on the #news from the link below #PETRONASDevelopment #OffshoreMalaysia #OilAndGas #ProductionSharingContracts #EnergySectorInnovation

PETRONAS’s recent signing of Production Sharing Contracts (PSCs) for 12 offshore fields in Malaysia marks a significant advancement in the country’s oil and gas sector. Here are some key insights from this development: 1. Strategic Expansion of Oil and Gas Assets • Focus on Discovered Resource Opportunities (DRO): The awarded PSCs are part of PETRONAS’s strategy to capitalize on existing discovered resources, which can lead to quicker monetization compared to exploring new fields. This approach allows for more efficient use of resources and infrastructure. • Diverse Partnerships: The involvement of multiple companies, such as Ping Petroleum, Duta Marine, Jadestone Energy, and Hibiscus Oil & Gas, highlights PETRONAS’s strategy of fostering collaboration with various players in the industry. This can enhance innovation and operational efficiency through shared expertise. 2. Geographical Advantages • Proximity to Existing Infrastructure: The fields are located in the Malay basin, a proven oil and gas region with established infrastructure. This proximity can significantly reduce development costs and timelines, making the projects more economically viable. • Synergistic Development Potential: The clustering of these fields presents opportunities for synergistic development, allowing operators to share resources and streamline operations, further enhancing profitability. 3. Supportive Regulatory Environment • Malaysia Bid Round Plus (MBR+): The MBR+ initiative is designed to attract investment in Malaysia’s oil and gas sector by providing a clear framework for PSCs. This regulatory support is crucial for building investor confidence and encouraging participation in the sector. • Improved Revenue Over Cost Terms: The contracts awarded under improved revenue terms indicate a favorable regulatory approach aimed at maximizing returns for both the government and the operators, which can stimulate further investment in the sector. 4. Emphasis on Safety and Efficiency • Technical Expertise and Agility: The mention of the operators’ niche technical expertise and agility underscores the importance of having skilled teams capable of addressing the unique challenges of offshore development. This focus on safety and efficiency is critical in mitigating risks associated with oil and gas operations. • Commitment to Support: Datuk Ir. Bacho Pilong’s commitment to providing necessary support and fostering collaboration illustrates PETRONAS’s proactive approach to ensuring the success of these projects, which can lead to more sustainable operations. 5. Economic Implications • Investment Opportunities: The signing of these PSCs is likely to attract further investment into Malaysia’s oil and gas sector, promoting economic growth and job creation. The involvement of both local and international companies can enhance Malaysia’s position as a competitive player in the global energy market.

The news about #ExxonMobil transferring the operatorship of two production sharing contracts (PSCs) offshore Malaysia to #PetronasCarigali, rather than exiting the Malaysian market entirely, is quite significant. I’d like to share my thoughts on this development. Strategic Move for ExxonMobil ExxonMobil’s decision to transfer operatorship instead of selling its assets outright indicates a strategic shift rather than a complete withdrawal. By retaining its working interest, ExxonMobil continues to have a stake in the success of these operations without bearing the full responsibility of day-to-day management. This step is part of a broader divestiture plan to streamline its global operations and focus on more lucrative ventures. "This does not impact our other businesses in Malaysia — we remain committed to conducting business here as we have for more than 130 years," #EMEPMI said in a subsequent statement to #Reuters. Impact on PETRONAS For PCSB, taking over the operatorship of these PSCs is a considerable expansion of its operational responsibilities. This move will likely enhance its capabilities and strengthen its position in the region. The transfer aligns with PETRONAS' strategic goals of boosting its upstream operations and leveraging its expertise in enhanced oil recovery (EOR) techniques, as seen with the #Tapis oilfield. For the local industry, it signals continued investment and development to ensure that mature fields like Tapis continue to contribute to the nation's energy supply. Industry Implications. This transfer also reflects broader industry trends where major oil companies are optimizing their portfolios and focusing on core assets. With potential improvements in efficiency and continued investment in mature fields like Tapis, there will likely be an increase in projects and contracts available to local company. This means more jobs, more growth, and a more robust local economy. Potential Challenges for PETRONAS. PETRONAS faces several potential challenges in taking over ExxonMobil's PSCs. Integrating operations and aligning corporate cultures will be complex and time-consuming. Additionally, managing the aging Tapis oilfield’s #EOR will demands technical expertise and financial investment. PETRONAS must also navigate regulatory compliance, environmental sustainability, and adapting to fluctuating oil prices. Despite these, Petronas's experience and strategic focus can help optimize these mature fields. In summary, this strategic move allows ExxonMobil to streamline its operations while still maintaining a presence in Malaysia. For PETRONAS, this transfer represents an opportunity to expand its operational footprint and apply its expertise in EOR and other advanced technologies. The local industry stands to benefit from this shift. Just my 2 cents. What do you guys think?

Always a pleasure working with talented people driving supply chain innovation for iconic companies in our industry. Eye opening to see ExxonMobil’s operation in Guyana and the positive impact they are having on the local economy and surrounding communities. The need for specialized, industry-focused supply chain solutions within the Energy sector has become increasingly apparent. The end-to-end complexity of this global industry, characterized by the movement of heavy and hazardous goods across challenging environments, demands more than what generic supply chain models can offer. At Streamba we recognize these challenges and have committed to a "deep and narrow" strategy, dedicating our commercial SaaS models, technology and products to the specifics of the Oil & Gas Industry Supply Chain. Corey Vickers, CSCP, ACC, CPC, ELI-MP Bruno Cavaleiro Kleber Brunelli Iain Darroch Brian Carey #supplychain #oilandgas #logistics

Understanding the various types of companies in the Oil & Gas ecosystem is crucial to planning your career path. Here’s a quick breakdown of the main categories within the industry: 1. 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐀𝐠𝐞𝐧𝐜𝐢𝐞𝐬: Oversee industry standards and compliance. PETRONAS, Department of Occupational Safety & Health (DOSH), etc. 2. 𝐄𝐱𝐩𝐥𝐨𝐫𝐚𝐭𝐢𝐨𝐧 & 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 (𝐄&𝐏): Focuses on discovering and extracting oil & gas. e.g. ExxonMobil, Shell, PTTEP, Mubadala, PETRONAS, Hibiscus Energy, Carigali HESS, etc. 3. 𝐑𝐞𝐟𝐢𝐧𝐢𝐧𝐠: Processes raw hydrocarbons into usable products like gasoline, diesel, and petrochemicals. e.g. Melaka Energy Complex, Hengyuan Refinery, Petron Refinery, Pengerang Refining Company (PRefChem), etc. 4. 𝐏𝐞𝐭𝐫𝐨𝐜𝐡𝐞𝐦𝐢𝐜𝐚𝐥- Transforms oil & gas derivatives into chemicals and materials used in everyday products. e.g. BASF, Dow, Lotte Chemical Titan, Mitsui Chemicals 5. 𝐋𝐢𝐪𝐮𝐞𝐟𝐢𝐞𝐝 𝐧𝐚𝐭𝐮𝐫𝐚𝐥 𝐠𝐚𝐬 (𝐋𝐍𝐆): Liquefies natural gas for easier storage and transportation. e.g. MLNG, PFLNG, Shell, Linde, etc. 6. 𝐓𝐫𝐚𝐝𝐢𝐧𝐠: Buys and sells oil & gas products across global markets. e.g., Petronas Dagangan Berhad (PDB), Petronas Trading Corporation (PETCO) Shell Malaysia Trading 7. 𝐎𝐢𝐥 𝐅𝐢𝐞𝐥𝐝 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬/𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐫- Provides technical services and equipment for oil & gas operations. e.g. Schlumberger, Baker Hughes, Halliburton, Johnson Matthey, Honeywell UOP, Topsoe, etc. 8. 𝐄𝐏𝐂 (𝐄𝐧𝐠𝐢𝐧𝐞𝐞𝐫𝐢𝐧𝐠, 𝐏𝐫𝐨𝐜𝐮𝐫𝐞𝐦𝐞𝐧𝐭, 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧)- Manages the design, procurement, and construction of large-scale oil & gas projects. e.g., JGC, Worley, Technip Energies, McDermott, Dialog, Petrofac, Samsung Engineering 9. 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐧𝐭𝐬/𝐀𝐧𝐚𝐥𝐲𝐬𝐭𝐬- Provide strategic consulting and market analysis for the industry. e.g. S&P Global, McKinsey, KPMG, Aker Solutions, etc. This breakdown or supply chain will help you strategize your career within the Oil & Gas sector. Each category offers unique opportunities depending on your skills, interests, and professional goals. What segment interests you the most? Drop a comment below! Follow me for more info on career development in Oil & Gas. -FA-