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Key Features of Consideration of EPC Contracts

15th November 2018
EPC Contracts in the Global Power Industry

  The increasing demand for energy has led to an intensification of competition – not only between organisations within the same sector (i.e. coal power generation), but also from the growing alternative energy markets. The rise of ‘clean’ energy has led to a concerted, yet diverse technological development within fields such as wind; tidal and solar power generation facilities. Given these factors, organisations seek different ways in which to achieve a sustainable competitive advantage relevant to one another. One response to this has been to adopt a form of ‘risk transfer’ via outsourcing to make another party the ‘bearer’ of...

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What are the benefits of training staff?

14th November 2018
Training

  A survey by Work Institute revealed that the top reasons given by employees for leaving their jobs include lack of career development (22%), lack of support with work-life balance (12%), their manager’s behavior (11%), unsatisfactory compensation and benefits (9%), and poor well-being (9%). Hence, sending your staff for training not only keeps retention rate high, but improves staff morale by showing that you are investing in them. Furthermore, sending your staff for training and development courses not only benefits the individual, but also to the business, helping your company to run effectively and efficiently. Training improves business performance, profit...

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6 Worst Pipeline Accidents since 2010

9th November 2018
Pipeline Integrity Management

  Maintaining the safety and reliability levels of high-pressure oil and gas pipeline systems is crucial to any Pipeline Integrity Management (PIM) system. As these pipelines transport hazardous and highly flammable materials, any mistake may result in fire, explosion or poisoning that will lead to significant economic losses, casualties and environmental pollution. A well-rounded PIM plan has a defined and written integrity program, which includes defined integrity goals, sound written processes and procedures (covering design, construction, operations, maintenance, and removal from service), change management, risk analysis, documentation systems, emergency management protocols, external audits to gauge the program itself, and defined...

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Fire and Gas Detection Systems Guideline in Lowering Explosion Risks

7th November 2018
Gas Explosion Hazards, Fire Detection and Protection Systems Design for Oil & Gas

  Industrial fires and explosions cost companies and governments billions of dollars yearly. In 2017, an average of 37,000 fires occurred at industrial and manufacturing properties and resulted in 18 deaths and 279 injuries. A total amount of $1 billion was recorded in direct property damage alone. Well designed fire safety systems, detection and alarm systems are all paramount to keep workers safe. This is especially true for worksites that where flammable and/or toxic substances are extracted and processed. This includes chemical plants, oil and gas refineries, and on offshore drilling rigs. Prompt detection provides timely notification of personnel, activation...

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ASME B31.3- Latest Process Piping Changes

1st November 2018
Process Piping

  B31.3 is one of American Society of Mechanical Engineering (ASME)’s most requested codes. It serves as a companion to ASME’s B31.1 Code on Power Piping as well as to the other codes in ASME’s B31 series. Together, they remain essential references for anyone engaged with piping. Careful application of these B31 codes will help users to comply with applicable regulations within their jurisdictions, while achieving the operational, cost and safety benefits to be gained from the many industry best-practices detailed within these volumes.   ASME B31.3 – Process Piping   Process Piping is the piping that convey fluids under...

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Risk Management with LNG ships – Tackling LNG Fires

29th October 2018
LNG

  The International Maritime Organisation (IMO) has set out to reduce the total carbon emissions from marine transport by half by 2050. This involves lowering the sulphur content in vessel fuels and setting the limit at 0.5 per cent. With this regulation with effect from 2020, shipping companies may choose to switch to an alternative fuel – LNG. Natural gases provide a more environmentally friendly and cost-efficient fuel for ships, with an estimated emitting up to 90-95 per cent less sulphur oxide as well as nitrogen oxide than oil-based ones. However, there are risks involved when transporting LNG. As natural...

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6 Essentials for Media Crisis Management

18th October 2018
Media Crisis Management

  Being able to manage the media is crucial to the operations of any organisation. Whether for a product launch, quarterly announcement or crisis management, the spokesperson needs to be able to convey messages clearly, concisely and convincingly.   Crises are inevitable for businesses but being prepared through proper training and having the right spokesperson to speak in front of the media is key. Crisis management is an essential skill for all businesses. Crisis management is key to effectively manage an organisation’s reputation in times of crisis. Saying the wrong thing at the wrong time can wipe out stock valuations...

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How Leadership In Process Safety Is The Key to Successful PSM Implementation

16th October 2018
Process Plants

  Process safety incidents can induce an enormous loss of capital and business continuity, while negatively affecting the company’s reputation. As companies are responsible for all onsite workers, companies will need to know how to guarantee their safety while ensuring the facility is always operating at maximum safety. In addition, companies will need to know how to ensure acceptable risk level through a comprehensive management system and to ensure that it is fit for purpose and suits the Process Safety Management (PSM) system.   If an organisation’s PSM system is to be successful and sustainable, it requires the commitment of...

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How To Manage Risks Which May Lead to Charter Party Disputes?

11th October 2018
laytime

  Laytime/demurrage is traditionally one of the most contentious issues in the shipping industry, owing to the frequency with vessels are delayed in port, the cost caused by such delays, and the often ambiguous wording in charter parties and contracts for the international sale of goods. In order to maintain a harmonious business relationship between shipowners and charterers, it is desirable to avoid disputes on charter parties. Therefore, the establishment of a clear and solid contractual basis on laytime calculations and demurrage rules for all parties is one of the utmost importance. A firm understanding of the legal and practical...

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Industry Practice for Fire and Gas Detection Systems

9th October 2018

  Fire and gas detection systems play a huge role in maintaining safety levels in the oil & gas industry. The objective of installing a fire or gas detection system is to give reliable warning of a developing hazard in sufficient time to prevent that hazard occurring. Fire and gas detection systems are installed to continuously monitor plant activity and in case of hazardous conditions initiate appropriate actions. These systems give the earliest warning of hazardous situations and are required to work from the detection of hazardous gases up to a proper plant shutdown. Based on the HSE guide, the...

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