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Advantages of Production Sharing Contracts

Industry Petroleum Oilfield Pump Jack Fuel Oil

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)…

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Understanding Drilling Contracts

Business Contract

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…

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3 Most Fatal Oil Industry Accidents

Alexander L. Kielland

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…

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Controlling Turnaround Costs

shutdown and turnaround training

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.…

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Billing Fraud and How to Spot them

Fraud

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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