Posts Tagged ‘oil’
Understanding Preventive and Predictive Maintenance Strategy
Estimated reading time: 5 minutes Within a reliability-centered maintenance approach, preventive and predictive maintenance are top 2 most popular proactive methods of conducting maintenance. This prevents sudden issues or…
Read MoreHow Are Subsea Wells Drilled
Estimated reading time: 5 minutes Subsea drilling, or offshore drilling, is a process where a wellbore is drilled below the seabed for the purpose of oil excavation. Subsea drilling…
Read MoreTop 10 Oil and Gas Industry Trends in 2019
Estimated reading time: 8 minutes According to GlobalData’s 2019 report, here are the top 10 oil and gas industry trends in 2019. Oil and gas supply Energy outlook Energy…
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…
Read MoreAdvantages of Production Sharing Contracts
Estimated reading time: 5 minutes Production Sharing Contracts 2019 A PSC (Production Sharing Contract), or PSA (Production Sharing Agreement), creates a contractual relationship between an IOC (International Oil Companies)…
Read MoreUnderstanding Drilling Contracts
Estimated reading time: 4 minutes Understanding Drilling Contracts The Exploration and Production (E&P) segment of the international Oil and Gas Industry, is in all probability, the riskiest in terms…
Read More3 Most Fatal Oil Industry Accidents
Estimated reading time: 8 minutes The oil and gas industry is known as one of the most dangerous work sectors. Both onshore and offshore drilling operations pose their own…
Read MoreFlare Gas Recovery & It’s Utilisation in Oil and Gas
Estimated reading time: 3 minutes As part of optimising the production operations, oil and gas producers use flare gas and set up a flare gas recovery system to be…
Read MoreControlling Turnaround Costs
Estimated reading time: 4 minutes Turnarounds are major events for refineries and other petrochemical facilities. They typically cost significant sums of operational expense and capital expense money to execute.…
Read MoreBilling Fraud and How to Spot them
Estimated reading time: 3 minutes Combating procurement fraud is vital due to the disastrous impacts’ procurement fraud brings. In Southeast Asia, procurement fraud costs US$140billion each year. Nearly all…
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