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Steps in Merger and Acquisition Process in Oil and Gas Industry

Estimated reading time: 8 minutes Mergers and Acquisitions have become a major part of many organisation’s growth strategies especially in the oil and gas sector. Given the current situation of 2020, we are witnessing a crash in the oil prices. The deal count of M&A might have fallen but the transactions have been much bigger…

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Contractual Structure of EPC Contracts

Estimated reading time: 7 minutes EPC (Engineering, Procurement and Construction) contracts is a common form of contracting agreement found in the Construction and Oil and Gas industry. The engineering and construction contractor will carry out the detailed engineering design of the project, procure all the equipment and materials necessary and lastly construct to deliver a…

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Understanding IEC 61511 and IEC 61508 Standards for the Process Industry

Estimated reading time:  6 minutes     Process Safety is defined as a disciplined framework for managing the integrity of operating systems and processes handling hazardous substances through application of design principles, engineering, and operating practices. It aids in the prevention and control of incidents that have the potential to release hazardous materials or energy. It…

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API 936 Refractory Inspection Code

Estimated reading time: 5 minutes   The API 936 Refractory Personnel certification is an industry-recognised certification for inspectors in the industry. It sets the standard for inspectors who are trained in refractory systems, as they hold the knowledge of API STD 936 Refractory Installation Quality Control Guidelines. API 936 certification, valid for a 3-year term, raises the…

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Offshore Decommissioning

Estimated reading time: 7 minutes Decommissioning is the process of ending offshore oil and gas operations at an offshore platform and returning the ocean and seafloor to its pre-lease condition. With a huge number of offshore rigs expected to reach the end of their production cycle over the next ten years, the global need for…

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Integrating Human Factors into Design & Operations Risk Framework

Estimated reading time: 8 minutes     The business environment today is highly volatile, and organisations need to adapt to the latest trends in order to succeed. With rapid advancements in technology, the way organisations do business changes as well. Aggressive competition in in the industry adds continuous pressure for top organisations to change in…

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Emergency Response and Crisis Management

Estimated reading time: 7 minutes     Safety is important to everyone and especially so for the oil and gas industry. As one of the most dangerous industries, it is important for organisations to have a comprehensive and thorough safety programs and procedures in place. A recent report submitted by the International Association of Oil…

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Corporate Training Provider

Estimated reading time: 5 minutes     The benefits of training are abundant; from improved employee performance, improved employee morale, increased productivity and adherence to quality standards to reduced employee turnover, it is no surprise there has been an increase in training budget to 43% in 2019, as compared to 35% in 2018. Plus, 27%…

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Subsea Pipeline Operations

Estimated reading time: 3 minutes   LEARNING THROUGH OTHER’S EXPERIENCES It has always been the case that we try to gain from other people’s experiences, be they positive or negative. In industry, we do not always have the opportunity or the time to personally experience all aspects of a particular situation. The execution of pipeline…

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Estimated reading time: 6 minutes   The level of competition in the oil and gas industry has been increasing with time. The recent reports from the U.S. Bureau of Labour Statistics show the demand for industrial engineers in the coming decade grow at around 8% which is higher than the average of all job occupation…

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