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Charter Party Contracts: Practical A-Z Guide to Laytime and Demurrage

20th February 2019
Laytime and Demurrage

Charter Party Contracts: Practical A-Z Guide to Laytime and Demurrage   A charter party (commonly abbreviated to “C/P”) is a document containing the written terms of a charter agreement between a shipowner and a charterer. The terms of the contract will depend on the shipowner, charterer and the market. Parties involved can also form their own terms of contract which would remain free from any other legal interference. There are three main types of charter party: Time charter Voyage charter Demise charter   In a demise (or bareboat) charter, the charterer takes responsibility for the crewing and maintenance of the ship during the time...

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Singapore Training Provider Corporate Social Responsibility (CSR) 2019

15th February 2019
Giving Children

What is Corporate Social Responsibility (CSR)? Corporate social responsibility (CSR) is a self-regulating business approach that contributes to tenable development by delivering environmental, economic and social benefits for all stakeholders. By practicing corporate social responsibility, companies can be conscious of the types of impact they are having on all parts of society. To be engaged in CSR means that a company is operating in ways that improve and enhance society and/or the environment, instead of being a negative outlet. Learn more about CSR with Investopedia. Opus Kinetic and CSR Opus Kinetic has always been putting in effort in ways to...

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Top 3 Technical Training Providers in Singapore

15th February 2019
Top Training Provider

Professional Development Training or Technical Training is often underappreciated and overlooked as a mean for employee retention and companies’ benefits. However, offering professional development training or technical training programs for employees enable them to perform much better and prepares them for greater responsibilities. This doesn’t just help in employees retention, but also attracts elite job candidates, and drastically increase companies’ revenues. Just like investments, the more budget that goes into training, the better the profit turnover. If these isn’t enough reasons for you, you can check out Robert Half’s take on why professional development training and technical training programs are...

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3 Most Fatal Oil Industry Accidents

15th February 2019
Alexander L. Kielland

Estimated reading time: 8 minutes   The oil and gas industry is known as one of the most dangerous work sectors. Both onshore and offshore drilling operations pose their own sets of risks – from unpredictable weather conditions to operations of complex equipment. Major causes of accidents include human error, mechanical failure, natural causes and deficient procedures and training when dealing with emergency situations. These accidents serve as an important reminder for companies to constantly review and improve safety protocols and equipment to be prepared in the event of dire emergency situations.   Alexander L. Kielland, North Sea, Norway Seacrest...

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Subsea Pipeline Pre-Commissioning Activities

13th February 2019
Subsea Pipeline

Estimated reading time: 4 minutes Subsea Pipeline Pre-Commissioning Activities   Pre-commissioning is generally considered to include the preparation and integrity verification or structure upon completion of construction/installation and prior to commissioning. Pre-commissioning includes all or the combination of operations to allow the pipeline or system to be cleaned, internally gauged pressure tested and dewatered and/or dried. Sometimes there can be a final operation to prepare the pipeline for product by introducing an ‘inert’ nitrogen blanket in preparation for hydrocarbon production. However, this is often considered to be a commissioning activity. De-commissioning can also be considered within the realms of the...

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Auditing Project Performance Through A Good Cost Estimate

4th February 2019
Project Performance

Estimated reading time: 5 minutes     Effective measures for auditing project performance and controlling projects is the key to any project’s success. Project audits are done to assess the progress of a project and regular audit sessions ensure that a project’s management is in-sync with the project objectives. A standard checklist used includes: Strategic project management tools for organizing and monitoring every facet of a project Clearly-defined phases and sub-processes through a project’s lifecycle Delegation of responsibilities to ensure that each of the project phase agrees with the critical project objectives   Factors of a Good Cost Estimate Part...

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Understanding Process Safety Management (PSM) Standards

29th January 2019
Process Safety

Process safety is especially important for the oil and gas industry and aids in the prevention of incidents.   Process safety regulations are a vital part of maintaining the safety of workers, the public, and the environment. Development and implementation of robust Process Safety Management (PSM) systems is a primary focus for leading companies in the petrochemical oil and gas industry. Regulations have been passed in the United States and in Europe, where companies handling/processing hazardous chemicals are required to implement PSM systems. Major incidents in the oil and gas industries highlight the importance of having robust processes and systems...

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Flare Gas Recovery & It’s Utilisation in Oil and Gas

29th January 2019
Flare Gas Recovery

Estimated reading time: 3 minutes Flare Gas Recovery (FGR) is the process of recovering the waste gases that would normally be flared, so they can be used as fuel gas elsewhere in the facility.   As part of optimising the production operations, oil and gas producers use flare gas and set up a flare gas recovery system to be more cost-efficient. A flare system can safely be designed to meet the challenge of reducing emissions to the environment as well as reducing the cost of operating the overall flare system. The overall economic model of flare operations can be analysed...

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Top 5 Training Providers in Malaysia

25th January 2019
Best Training Provider

Best Training Provider Why is Professional Training important? Professional training and development equips employees with the right skill set. This increases productivity by 200% and grow margin drastically (Source). In your interest, we have done extensive research and will provide you with a list of best training providers in Malaysia 2018 and 2019! Rankings are not in order.   Top 5 Training Providers in Malaysia   Neville-Clarke (M) Sdn. Bhd. Neville-Clarke (M) Sdn. Bhd. is a subsidiary of BSI, a global business consultancy since 2017. It is one of the leading training organization in Asia Pacific specialized in delivering accelerated learning using...

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Controlling Turnaround Costs

23rd January 2019
Plant turnaround and shutdown

Estimated reading time: 4 minutes Controlling Turnaround Costs   Turnarounds are major events for refineries and other petrochemical facilities. They typically cost significant sums of operational expense and capital expense money to execute. There is a major loss of revenue when the facility is shut down, causing lost opportunity cost and profits through lost production. If poorly managed, turnarounds offer significant risk of accidents. If poorly executed, they can also be the cause of significant production disruption after start-up, due to leaks and other production trips. Hence, there is a potential to save significant sums of money, by ensuring turnarounds...

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