Gas Explosion Hazards: Hazardous Areas & Potential Ignition Sources

16th April 2019
Storage Tank

Estimated reading time: 6 minutes Gas Explosion Hazards, Fire Detection and Protection Systems Design for Oil & Gas   Fires are the accidents that occur most frequently, their causes are very diverse and require intervention methods and fire risk assessment techniques that are unique to each situation. Electrical hazards, flammable liquids and gases and combustible dust are 3 of the most common causes of industrial fires and explosions. In the industrial setting, there are many hazards – more importantly fires, explosions and toxic releases. Fires occur the most frequently in industries and is the first major hazard in chemical or process...

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Advantages of Production Sharing Contracts

12th April 2019
Industry Petroleum Oilfield Pump Jack Fuel Oil

Estimated reading time: 5 minutes Production Sharing Contracts 2019   A PSC (Production Sharing Contract), or PSA (Production Sharing Agreement), creates a contractual relationship between an IOC (International Oil Companies) and the host country, authorising the IOC to explore for and exploit hydrocarbons in a defined area and for a defined period. By definition, a PSC is a contract between one or more investors and the host country in which rights to prospection, exploration and extraction of mineral resources from a specific area over a specified period of time are determined. In other words, a PSC is an agreement between the...

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Environmental Sustainability In Oil & Gas Industry 2019

11th April 2019

Estimated reading time: 4 minutes   Environmental Sustainability for Oil, Gas, Energy Industry   The issue of environmental sustainability has always been a major concern for governments and players from the oil and gas industry worldwide. However, the increased consumer awareness of environmental, climate impacts and societal expectations pushed the industry to embrace and incorporate sustainability. Sustainability is now, the center of strategy and investment decisions, and major oil companies are investing in renewable energy. Other industry players such as natural gas producers, shippers, and consumers are increasing their focus on mitigating methane emissions. Major oil, gas, and chemicals companies...

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Oil & Gas Well Plug & Abandonment: Reducing Costs

9th April 2019
Well plug and abandonment

Estimated reading time: 5 minutes To reduce the cost of abandonment operations, operators and regulators strive to improve how P&As are performed and service companies are continually developing tools and techniques to increase efficiency without compromising safety.   Oil and gas wells that are no longer economically viable for production, or have wellbore issues that require closure, undergo a process of plugging and abandoning (P&A). Production wells that can no longer be used are plugged to prevent the oil and gas reservoir fluids from migrating uphole over time and possibly contaminating other formations and water bodies. A well is plugged...

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4 Key Skills for Global Project Managers

4th April 2019
Analaysis Project Manager

Estimated reading time: 5 minutes The increased global competition and search for a sustainable competitive advantage grows in importance, highlighting the need for global project managers.   As globalisation grows today, project management in today’s world increases in complexity. The great diversity of the world’s cultures makes it impossible for any project manager, no matter how skilled and experienced, to understand fully all the cultures that may be encountered. Cultural competence is key. Some of the main reasons why you should get a certification as an international project manager include increased demand, acquire a unique set of skills and increased...

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Process Safety & Leadership: Strategies to Deliver Stakeholders ROI (With Case Studies Examples)

2nd April 2019
Process Safety

Estimated reading time: 5 minutes Excellence in Plants Process Safety & Risk Management   Part of process safety excellence is having a strong, committed process safety culture, starting from the top.  It is one of the most important tasks of leaders in the processing industries — to set a culture and guide an organization to hold process safety as important as profit margins and return on investment. Every aspect of the organization must include process safety principles and tools to minimise the poor impacts on workers, communities, and the environment. Development and implementation of robust Process Safety Management (PSM) systems...

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5 Tips to Minimise Unexpected Demurrage Fees

29th March 2019
Laytime and demurrage

Estimated reading time: 5 minutes Laytime and Demurrage   Laytime and demurrage are 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. 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....

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Best Practices for Commissioning Offshore Projects

28th March 2019
Offshore Platforms

Estimated reading time: 5 minutes Integrated Offshore Commissioning   Commissioning of mega offshore projects, whether it is an FPSO, a GBS, a steel jacket or other concepts, is a large and complex undertaking which all too often do not receive enough management focus at the early stages of the project. For example, providing enough upfront quality planning (front end loading) and preparations in place, and making sure practical risk assessments are viewed as a continuous activity throughout the project. Focusing on controlling critical success factors helps to successfully deliver on the commissioning plan. Successful capital project investment depends on successful...

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3 Tips & Crisis Management Case Studies

26th March 2019
Crisis Management Case Studies

Estimated reading time: 4 minutes Media Crisis Management   Crisis management is an important skill all leaders and spokesperson need to have. While minor situations arise regularly in the course of business, larger scale issues can end careers and destroy entire organisations if handled incorrectly. A communication crisis today comes in many forms, from a data breach to false accusations, but all require a strategic response strategy to handle the crisis. Organisations need to have a media crisis management strategy in place to control the crisis as quickly as possible. When handled properly, it can limit the negative consequences the...

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Managing EPC Contracts

21st March 2019

Estimated reading time: 6 minutes   Managing International EPC Contracts in the Global Power Industry   There are several key success factors to manage EPC contracts. These types of contract are often referred to as Engineering, Procurement and Construction (EPC) contracts or Turnkey contracts. A properly drafted EPC contract ensures the contractor have limited ability to bring claims for extensions of time and additional cost. Organisations are adopting a form of ‘risk transfer’ to achieve a sustainable competitive advantage in today’s competitive times. This involves outsourcing to make another party the ‘bearer’ of risk – i.e. appointing a contractor company that offers a...

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