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Turnaround Management Oil and Gas

What Is an Effective Turnaround Work Scope?

21st February 2020

Estimated reading time: 5 minutes   Plant turnarounds are one of the most important events in the routine operation of an oil and gas plant. As turnarounds are huge costs, they must strictly be done under the stipulated budget and timeline. Any delay poses huge financial costs that can largely affect the plant’s bottom line. Hence, a successful turnaround that is carried out within budget and timeline will make a huge contribution to the plant’s efficiency and safety. Optimal turnaround strategies are key to achieving turnaround success.   Turnarounds are also dependent on significant work scope changes that can be…

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Oil and Gas

Top Oil and Gas Industry Training Courses You Should Attend

19th February 2020

Estimated reading time: 8 minutes    While there is an ever-increasing demand for jobs in the oil and gas sector, roles in the sector are evolving as well. It requires an educated and highly skilled workforce thanks to the new technology being introduced to the sector every year.   To keep up with the industry demands, employees need to continue learning and equip themselves with new professional skills, not only to expand their knowledge but also their career opportunities, says Hart Energy. Employees need to stay on top of the latest best practices to make sure that they are valuable…

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training course malaysia

The Top 10 Training Providers Worldwide

19th February 2020

Estimated reading time: 5 minutes   In this fast-paced world, we constantly witness evolving work demands and skills requirements. A survey done by BCG revealed that 61% of people believe that global megatrends greatly affect their jobs and will continue to do so. As a result, many have started upskilling themselves and are willing to learn new skills to remain relevant in the workforce. This is also true for professionals in the Oil & Gas industry, as industry regulations and standards are constantly evolving to meet future demands. In order to keep up with the challenges, professionals need to widen…

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Corporate Training

Importance of Training in Oil and Gas Industry

13th February 2020

Estimated reading time: 5 minutes   In an organization, training and development activities are aimed at improving the skills and knowledge of its individuals. An organization’s training curriculum and strategy can greatly impact its’s ability to meet the industry regulations and standards. This is more pronounced in the oil and gas industry, as indicated by a study done by Raytheon Professional services (RPS), a global provider of learning solutions, on 304 oil and gas professionals, which revealed that 50 percent of them believed that training is crucial and has helped them achieve their organization’s long term goals.   Here are…

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Top 2020 Trends of Energy Industry

The Top 4 2020 Trends of Energy Industry

10th February 2020

Estimated reading time: 4 minutes    In order to adapt to the latest trending technologies available in the market, the energy industry is constantly transforming. This transformation helps improve the supply of energy and makes it more convenient and accessible for their customers. The year 2019 was a busy year for the energy industry as we witnessed events such as the OPEC and Russia lengthening their co-operation pact and the attacks on the Saudi Oil facilities which affected about 5% of the global supply for several weeks. Based on various external factors and trends, analysts have made certain predictions on…

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What is the International Safety Management (ISM) Code?

6th February 2020

Estimated reading time: 5 minutes     Global oil and gas terminals today are faced with multiple challenges. With the recent introduction of the IMO 2020 Regulation: Standards, Compliance and Outlook for Marine Fuels changing the global fuel supply chain, organisations are faced with the challenge of complying with an increasing number of rules, regulations and guidelines.   The rapidly developing technology and the ever increasing need to control costs have organisations looking into different methods to optimise operational efficiency. Organisations are constantly looking at ways to incorporate operational best practices and apply a structured approach to oil and gas…

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Leadership Capability

6 Ways to Develop Leadership Capability

4th February 2020

Estimated reading time: 6 minutes   Every organization faces complex challenges from time to time and it’s the responsibility of the leader to help the organization get out of it. Taking on a leadership role is not about having a fancy, high level position but it’s more of a responsibility towards the organization and its employees. To become an effective leader tomorrow, who can resolve the problems of the organization, he/she must develop certain skills today. The organizations need to develop leaders who help create the right organizational structure that motivates their employees to give their best performance. 6 ways…

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Skills of an International Project Manager

6 Skills of an International Project Manager

30th January 2020

Estimated reading time: 5 minutes   Today a lot of people are under the designation of International Project Manager but there are very few of them who are successful and doing justice to the role. As project managers advance in their career, their role becomes more complex and demanding. In order to survive in this competitive market, they need to constantly brush up their skillset.   Here are the top 6 skills which an international project manager should possess: Leadership Communication Negotiation Cost management Risk Management Adaptability   Leadership Leader is not a position but it’s a responsibility. Having the…

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Human Factors Framework

Incorporating Human Factors Engineering into Risk Management

28th January 2020

Estimated reading time: 6 minutes     In order to integrate human factors into an effective framework for managing risk in hazardous industries, companies need to address several key questions: How do we build a sustainable operating culture to deliver consistent behaviours within our employees, suppliers and contractors? What is required to demonstrate how human factors and the associated risks are implemented in the Safety Case regime? How can we mitigate human error in design and operations, by the application of best practice evaluation tools such as Safety Critical Task Analysis? How can an organization build resilience to recover from a…

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Enhanced Assessment on Money Laundering And Terrorism Financing (ML/TF) Risks

Latest Developments in Malaysia’s Terrorism Financing Initiatives

22nd January 2020

Estimated reading time: 5 minutes   Financial crimes like money laundering and terrorism financing have been increasing year after year. They are a threat to the economic and financial growth of any country which might have a global effect as well. A rise in such activities has a repelling effect on foreign investments. A recent survey on over 2000 companies conducted by Thompson Reuters disclosed that about half of the participants had faced financial crimes in the past one year alone and on an average they lost about 3.5% of their turnover.   History of Malaysia’s Efforts to Combat Terrorism…

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