4 Tips On How To Increase Appeal Of Corporate Training For Employees
Estimated reading time: 4 minutes It has been established that corporate training bring about many benefits. Yet, with implications of being tough, dry and boring, the word ‘training’ alone is able to give employees chills down their spines. How can we increase the appeal of corporate training for employees then? Here are 4 tips to increase the appeal of corporate training and make corporate training into something that employees will voluntarily sign up for and attend: Engage in experienced trainers Allow your employees to participate in the selection of the training program Engage in interactive training programs Eliminate…
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Rise of Procurement Fraud in Southeast Asia And How to Prevent It
Estimated reading time: 4 minutes In recent years, procurement fraud, also known as contract fraud, is becoming more commonplace across Southeast Asia. With the region’s predicted GDP to be US$4 trillion by 2022, it is going to become the fifth-largest economy worldwide. This puts the ASEAN market in the international spotlight, further highlighting the importance of organisations in the region to put in place preventive measures for economic crimes. Based on a survey conducted by PwC in 2018, 43% of frauds were proactively detected through corporate controls and 32% of frauds were reactively detected through corporate culture. This…
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Subsea Technology: Subsea Processing
Estimated reading time: 4 minutes Similar to other industries, transformative technologies are equally prevalent in the oil and gas industry with new subsea technologies constantly being developed to reduce risks and costs. The oil and gas industry is transforming itself into a knowledge industry that uses shared data to create new ecosystems and business relationships. One of the industry challenges is the installation of subsea processing plants that leads to longer tie-back distances. If these plants are installed at longer tie-back distances, it will lead to additional challenges of managing wax and hydrate related pipeline issues. Here are the 3…
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How Corporate Trainings Curb Employee Turnover
Estimated reading time: 4 minutes The business world is brutal enough, but organisations will know that it gets even harsher when competing for talent. In today’s reality, retaining talent is of utmost concern. With research showing that employee turnover costs an employer 21% of the employee’s salary, it is plausible to see the importance of employee retention. In this article, let’s understand why employees leave an organisation and how corporate trainings are able to curb this problem. Here are the 3 main reasons behind employees leaving an organisation: They do not feel engaged Little opportunities for growth…
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Recent Offshore Discoveries in the Gulf of Mexico
Estimated reading time: 4 minutes The rise of recent offshore discoveries highlight why operators are focusing on the Gulf of Mexico recently for their offshore wells and rigs. As of January 2018, the Gulf of Mexico has 175 offshore rigs – second to the North Sea which has 184 offshore rigs. Hydrocarbon exploration in the Gulf started in 1847, where the first well produced over 600 bopd of oil. Since then, exploration and production has increased dramatically as companies moved towards offshore and away from the coast. The advancements in platform and drilling technology such as 3D seismic technology,…
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Managing Project Costs and Budget
Estimated reading time: 4 minutes To a project manager, cost management is a vital responsibility. A project budget is the total sum of money allocated to achieve particular goals of the project for a specific period of time. To successfully carry out a successful project, here are the 4 success criteria: Project’s scope is delivered on schedule Project is delivered within budget Once project is delivered, it meets the quality expectations of the donor Once project is delivered, it meets the quality expectations of the beneficiaries Due to the tedious process of creating a budget, few managers spend…
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How Big Data Analytics Works?
Estimated reading time: 4 minutes The use of big data analytics is how we begin to make sense of the abundance of data collected today. Being able to analyse them in a way that organisations are able to reap benefits from is important, as it provides a competitive edge for them. For example, oil and gas exploration companies use big data analytics (i.e. seismic data) to locate and simulate reservoirs while product-oriented businesses are collecting big data to analyze customer preferences and purchases over time. Hence, Organisations analyse big data to discover consumer patterns and trends. The benefits of…
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Global Oil, Gas and Energy Outlook to 2024
Estimated reading time: 4 minutes As the oil industry continues to evolve, a preview of the state of the industry in 2020 is as follow. The start of a host of new projects and the rise of non-OPEC markets aiding the oil supply, the global oil supply will increase much more than demand. Demand is expected to experience an average growth of 1.2% in 2019 as a whole and 1.4% in 2020. Key findings from Oil 2019 US shale powers global oil market transformation US gross exports overtake Russia and close in on Saudi Arabia Supply growth is…
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4 signs that your organization needs a revamp in its corporate training system
Estimated reading time: 3 minutes Over the last few decades, there have been huge changes in the corporate training systems in organizations. Gone are the days when students could just graduate, find a job and stop going for classes. Today, learning is really a lifelong process. Only those who are diligent in learning new skills and upgrading their professional skillsets will be able to remain as wanted talents in organizations. With the many types of corporate trainings that are available nowadays and the high awareness that organizations have with regards to the benefits of corporate training, it can…
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Measurement of LNG Custody Transfer
Estimated reading time: 4 minutes Produced from natural gas and liquefied, liquefied natural gas (LNG) is transported in specially designed ships called LNG carriers. LNG is typically stored for future uses, in anticipation of potential demand peaks. There are many characteristics of LNG, one of which is its hazardous nature due to its flammable vapours. Understand how you can manage the risks of LNG ships and tackle LNG fires here. Another characteristic of LNG is that it is able to reduce the volume of natural gas by 600 times. This means that one ship carrying LNG is equivalent to 600…
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