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What is basin analysis and what are the types of basins?

12th June 2020
What is basin analysis and what are the types of basins

Average reading time 8 minutes <What is basin analysis and what are the types of basins?> Being an essential step that allows for the frontier discoveries of key oil and gas sites, basin analysis is extremely pertinent to Geologists, Geophysicists or Exploration Managers that are involved in the assessment of new exploration opportunities and new country entry, particularly if working on rifts and or passive margins. Therefore, in this post, we’ll define what basins are, along with the different types of basins. What is Basin Analysis? Basin analysis not only involves decoding the sedimentary record but also assessing if the...

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What is Contract Negotiation?

11th June 2020
What is the Contract Negotiation Process

Estimated reading time: 6 minutes <What is the Contract Negotiation Process> Contract negotiation is the process in which two or more organisations discuss the details of the contract before committing the terms to writing. The organisations attempt to negotiate terms that are favourable to themselves. When negotiating, each party assesses the risk or benefit of including a particular term. The ability to negotiate a contract is a skill that every business owner or an organisation will need at some point of the time during the life span of the business. The negotiation process is not necessarily linear and differing factors...

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Considerations for Combustion Optimisation in Direct Fired Heaters

8th June 2020
Considerations for Combustion Optimisation in Direct Fired Heaters

Average reading time 6mins <Considerations for Combustion Optimisation in Direct Fired Heaters> When process engineers mention optimisation processes in Direct Fired Heaters, they often refer to the optimisation required in the combustion part. Combustion optimisation for Direct Fired Heaters is an important concept since the performance objectives of process heaters are traditionally to maximize heat delivery of the process-side feed while minimizing fuel consumption and maximize heat delivery with varying fuel quality. There are 2 main considerations during the combustion optimisation process in Direct Fired Heaters. The two main factors that will influence the combustion optimisation process are: Nitrogen levels...

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Loading Masters: Risks of Mooring and Unmooring

5th June 2020
Loading Masters: Risks of Mooring and Unmooring

Average reading time 6 minutes <Loading Masters: Risks of Mooring and Unmooring> The mooring and unmooring of ships have always been a hazardous operation during the ship docking process. In fact, since Loading Masters are tasked to oversee the mooring and unmooring process of vessels, it is of utmost importance that Loading Masters are aware of the dangers and risks present in the process. This enables them to better manage these processes and prevent any accidents from happening. In this post, mooring and the risks involved with mooring and unmooring will be looked at.  What is Mooring? Mooring is defined...

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Everything you need to know about Leadership Effectiveness

5th June 2020

Average reading time 7 minutes <Everything you need to know about Leadership Effectiveness> Leadership effectiveness refers to the capabilities of a leader to an effective leader. An effective leader is someone who has a strong character of honesty, integrity, ethics and is able to effectively communicate with stakeholders to drive business goals into a reality. Let’s take a look at Fortune World’s most admired companies. The 3 companies to top the list are Apple, Amazon, and Microsoft. Apart from being the most admired companies in the world, there is one other striking attribute that is common to all these successful...

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Differences between Production Sharing Contracts and Concessionary Contracts

4th June 2020
Differences between Production Sharing Contracts and Concessionary Contracts

Average reading time 9 minutes Since the 1960s, Production Sharing Contracts (PSCs) have begun to replace concessionary contracts to become one of the most fundamental forms of contract to be found in the International Oil and Gas Industry. Thus, many Commercial departments, legal personnel and contract managers in the oil and gas industry are required to learn about PSCs and its various features. However, the question that is often left unanswered is what exactly is the difference between these Production Sharing Contracts and Concessionary Contracts? Consequently, in this post, we’ll aim to define what PSCs are, before attempting to answer...

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How Ship Chartering works and why it is Important

29th May 2020
How Ship Chartering works and why it is Important

Average reading time 8 minutes <How Ship Chartering works and why it is Important> Ship Chartering is an important process as it ensures that the organisation’s cargoes get delivered safely in the most cost-effective manner. In fact, it is essential for charterers to have an extensive comprehension of the essential aspects of chartering, as it equips them with insight to make strategic chartering decisions and negotiate for better charter parties. Therefore, we have created a detailed guide on ship chartering. This includes a definition of the terms used, how ship chartering works and why it is important to learn about...

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4 Powerful Leadership Traits

27th May 2020
4 Powerful Leadership Traits

Estimated reading time: 6 minutes <4 Powerful Leadership Traits> With time, businesses are becoming more and more complex. Organisations need to have leaders who can think strategically to continue to thrive in this competitive business environment. The results from a study concluded that 58% of organizations top priority is closing leadership skill gaps and improving upon these traits. Leadership traits isn’t something people are born with as these traits can be learned, adopted, and strengthened with time and practice. In this article you’ll learn about the 4 powerful leadership traits: Effective communicator Visionary Honesty and Integrity Empathy Effective communicatorOne of...

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Top 3 Ways to avoid Demurrage Costs

22nd May 2020
Top 3 ways to avoid demurrage costs

Estimated Reading Time: 4 mins <Top 3 ways to avoid demurrage costs> Demurrage is simply the money payable to the owner for delay for which the owner is not responsible in loading and/or discharging after the laytime has expired. As such, demurrage is an unpredictable and oftentimes expensive component of shipping costs. SingStats affirms that Cargo Handling & Freight Charges, Charter Fees and Fuels is one of the top three business costs amounting for enterprises. Volatile components of the shipping costs such as demurrage charges makes it hard for executives to budget for them accordingly and avoid demurrage costs. In...

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5 Ways to Improve Internal Corporate Communication

21st May 2020
5 Ways to Improve Internal Corporate Communication

Estimated reading time: 6 minutes 5 Ways to Improve Internal Corporate Communication Effective internal corporate communication in an organisation is essential to any business to operate smoothly and successfully. According to Towers Watson study, companies with highly effective communication practices enjoy 47% higher total returns to shareholders compared to organizations with poor communication. Improved internal communication along with increasing returns to shareholders, also increases employee engagement, help build stronger teams, and enhance the competitiveness of your company. More and more businesses are realizing the importance of internal communication and are looking for valuable ways to improve it. Here we have...

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