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4 Types of Tender and Tendering Processes
Estimated reading time: 6 minutes An effective bid management and tender process provides a positive evaluation approach that leads not only to the appointment of appropriate suppliers but to ensure that the ongoing relationship is a mutually beneficial. A wholly balanced and highly efficient bid and tender management process improves the quality of the…
Read MoreGas Explosion Hazards: Hazardous Areas & Potential Ignition Sources
Estimated reading time: 6 minutes 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…
Read MoreAdvantages of Production Sharing Contracts
Estimated reading time: 5 minutes 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…
Read MoreEnvironmental Sustainability In Oil & Gas Industry 2019
Estimated reading time: 4 minutes 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…
Read MoreOil & Gas Well Plug & Abandonment: Reducing Costs
Estimated reading time: 5 minutes 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…
Read More4 Key Skills for Global Project Managers
Estimated reading time: 5 minutes 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…
Read MoreProcess Safety & Leadership: Strategies to Deliver Stakeholders ROI (With Case Studies Examples)
Estimated reading time: 5 minutes 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…
Read More5 Tips to Minimise Unexpected Demurrage Fees
Estimated reading time: 5 minutes 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…
Read MoreBest Practices for Commissioning Offshore Projects
Estimated reading time: 5 minutes 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…
Read More3 Tips & Crisis Management Case Studies
Estimated reading time: 4 minutes 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…
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