|Theme||Visible||Selectable||Appearance||Zoom Range (now: 0)|
Most frontline operations rely on a combination of paper forms and informal knowledge transfer from senior team members to navigate the permit to work process in the field. Though when the time comes to start work, work permits might still be getting administered in the permit office. Out in the field, area authorities might take shortcuts to allow operators with incomplete permits to start work. Meanwhile, as the field workforce gets younger, less experienced operators may not receive the full work instructions and pre-requisites to safely and successfully complete the job. When you submit the form, a download link for the white paper will be emailed to the address that you provide. The information at right will be provided to Enablon reflecting your interest in this topic.
Equality, openness, and belonging are core indicators of the inclusion matrix. Companies face numerous challenges in creating work environments that are diverse, open, and free from bias. As workplaces have become increasingly remote after the COVID-19 pandemic, this challenge has only aggravated. Inclusion matters, as it not only helps in viewing business problems from unique perspectives but also provides a platform to the voices that otherwise may go unheard. The case for inclusion is also supported by compelling research that reveals inclusive teams make better decisions 87% of the time and drive decision making two times faster with half the meetings.
Hess Corporation announced today it is selling about 78,700 acres of its Bakken Shale position to Enerplus Corporation for $321 million. Oil production from the areas that are part of the deal averaged around 4,500 B/D over the first quarter of the year, Hess said in a statement. Calling the Bakken Shale a "core asset" for the company, CEO John Hess said the majority of the assets being sold off were not going to be drilled on until 2026 which "brings material value forward and further strengthens our cash and liquidity position." Enerplus considers much of the acreage to be Tier 1 and estimates it adds 2 or 3 years to its Bakken development runway, giving it an estimated 10 years' worth of drilling locations in the region. At current oil prices, Enerplus said the Tier 1 acreage and other areas amount to 120 undrilled locations.
Aligned with SPE's objectives to support local communities, the Hasanuddin University Student Chapter established a strategic alliance with a local community in rural South Sulawesi, Indonesia. In the heart of the village, called the Green Valley, there is a crystalline river surrounded by beautiful vegetation with the sounds of chirping birds. The local community acknowledges the potential of this place as an ecotourism resource; however, they are conscious about the need for establishing a clear strategy to exploit the resources in a sustainable and environmentally friendly way. With knowledge about the situation, the chapter brought additional resources to support the initiative and the community. Specifically, the students helped to map commercial and non-commercial areas/routes, as well as shared information on reforesting best practices and community-based safety management plan.
The marine supply chain and linear manufacturing model has to become circular, adopting innovative upcycling solutions. Additive Manufacturing (AM) or Three Dimensional (3D) printing decentralized production, is suitable for repairing and remanufacturing industry components. Circular designs and reverse engineering can create a secondary market from reused, refurbished and shared services, materials and products. As users/consumers, shipowners should support new rules that implement the "right to repair", the concept of Extended Producer's Responsibility (EPR) and responsible innovation ethics. The maritime community has to urge manufacturers and makers (repairers) design shared services, with upcycled spares and circular products from secondary raw materials.
The International Maritime Organization (IMO) plays a key role in the development and promotion of international standards for shipping ensuring their effective implementation through the member states. The ability to measure the performance of IMO member states in terms of implementation and enforcement of international legislation in maritime safety is critical. Here we discuss the benefits of the IMO Audit Scheme towards capacity-building and review the performance of flag states. An analysis and assessment of recent audit summary results is presented, demonstrating the contribution of the Audit Scheme towards better performance of member states. Finally, we will discuss areas for research, where additional actions/interventions could lead to future improvements in safeguarding global maritime safety.
This paper examines the extent of which the financial and energy markets affect the performance of shipping industry. An empirical research is conducted by regressing the returns of the shipping industry’s variables on the returns of financial market’s variables and the returns of energy market’s variables. The data will be weekly and refer to a seven-year period from July 2013 up to July 2019. Vector autoregressive models will be employed to explore the Granger causality, and the variance decomposition for each variable. The same procedure will be used in order to test the causality between the variables’ volatility.
It is demonstrated that tank overflow can occur on board a tanker ship due to the communication of cargo tanks containing dissimilar grades of crude oil. The fundamental principles, which enable the flow from one tank to another and the overflow from exhaust devices on top of the tanks, are reviewed along with the governing equations. The case is analyzed firstly for two communicating tanks in terms of the final equilibrium state and of the time scale of the effect until equilibrium is established or tank overflow is occurred, considering all geometrical and liquid transfer parameters. Measures are proposed to prevent the effect from being initiated and to mitigate the results of the effect once it is occurred. This necessarily leads to the need to extend the study to three communicating tanks. The final equilibrium state for three, and potentially more, tanks is analyzed, which allows a pragmatic approach as to how the situation should be handled on board a tanker facing a tank overflow due to density differences of multiple cargo grades. An extended and generalized Risk Analysis model is proposed to supplement existing models.