Posts Tagged ‘oil’
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…
Read More11 Key Principles in Integrating Human Factors in Organisational Change
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…
Read MoreThe Top Certifications in Oil and Gas Industry
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…
Read More4 Reasons Why Incident Investigation and Reporting is Important
Estimated reading time: 5 minutes Effective Incident Investigation and Reporting “The main objective of an investigation is prevention. A good investigation aims to establish a series of events that should have taken place and compares it to what actually happened to identify areas that need changing.” There are hazards in all workplaces;…
Read MoreEffective Incident Investigation and Reporting
Estimated reading time: 4 minutes All incidents, regardless of size or impact, need to be investigated. Whether it is a fatality, injury, illness or a close call, an effective incident investigation and report process helps employers understand what happened and why it happened. It presents an opportunity to identify operational hazards and shortcomings in…
Read MoreWhat Is Reservoir Characterisation?
Estimated reading time: 5 minutes Robust reserves and simulation are achieved by the logical, systematic integration of all relevant data. A quality reservoir interpretation is extremely cost-effective compared with data acquisition or development mistakes and essential with today’s complex reservoirs and data sets. Proper integration replaces the need to run expensive, irrelevant logs, explains apparent…
Read MoreGuide to Understanding Drilling Contracts: What Is A Day Work Contract?
Estimated reading time: 7 minutes The upstream or E&P segment of the international oil and gas industry, is in all probability, the riskiest in terms of capital intensity, long payback periods, technological dependence and a host of legal and environmental compliance requirements. It is commonplace for entities seeking hydrocarbon reserves to offset this…
Read More4 Tips to Improve Well Integrity Management
Estimated reading time: 4 minutes Since 2009 to 2015, it has been estimated that poor well integrity has cost operators around the world more than US$75 billion. Factors such as the drop in oil prices and low margins are making operators sensitive to such risks. As a result, more emphasis is being placed on…
Read More5 Best Practices for Negotiating EPC Contracts
Estimated reading time: 5 minutes When managing Engineering, Procurement and Construction (EPC) contracts, it is important to be able to negotiate effectively through taking measurable steps to improve your negotiating position to have the upper hand. Especially for EPC contracts, where projects are complex and huge in scale, achieving optimal results requires a well-prepared comprehensive…
Read MoreBiomarkers Use in Petroleum Geochemistry
Estimated reading time: 5 minutes Petroleum geochemistry improves the efficiency of petroleum exploration as it provides an understanding on the factors that affect the volume of crude oil and natural gas available. Petroleum geochemistry offers rapid, low-cost evaluation tools to aid in understanding development and production problems. It is best used with other disciplines,…
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