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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…

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Gas 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…

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Advantages 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…

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Environmental 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…

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Oil & 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…

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4 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…

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5 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…

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Best 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…

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3 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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