Securing critical operations across Australia, Roc Oil Company (ROC) partnered with us to safeguard its data and empower its global operations. Learn more here: https://bit.ly/4eR3dg7
Trend Micro’s Post
More Relevant Posts
-
Morning starts with a strategic overview at my desk - breakfast included - as I oversee the day’s pipeline operations. At Transpetro’s national control and logistics center, the stewardship of oil and derivative pipelines is a matter of precision and vigilance. Every variable is meticulously monitored to ensure the integrity and safety of our operations. Excellence is not just an objective; it’s the standard we live by. #Transpetro #EnergySecurity #PipelineManagement #OperationalSafety”
To view or add a comment, sign in
-
-
𝐒𝐮𝐧𝐜𝐨𝐫 𝐒𝐞𝐥𝐥𝐬 𝐓𝐫𝐚𝐧𝐬 𝐌𝐨𝐮𝐧𝐭𝐚𝐢𝐧 𝐂𝐫𝐮𝐝𝐞 𝐃𝐢𝐫𝐞𝐜𝐭. 𝐋𝐞𝐚𝐬𝐞𝐬 𝐀𝐟𝐫𝐚𝐦𝐚𝐱 𝐕𝐞𝐬𝐬𝐞𝐥𝐬 Suncor Energy is leasing Aframax vessels in the Pacific and selling direct to customers, seeking to maximize profits on oil being shipped on the newly completed Trans Mountain pipeline expansion. Suncor is a committed shipper on TMX and Canada's second-largest oil producer. It expects most crude will be sold in California, as well as markets in Asia. It is transacting directly with customers rather than selling through third-party commodity trading shops. They have leased Aframax vessels, operating in the Pacific, giving them an advantage on shipping costs. Aframax vessel, oil tanker, due to their favorable size, can serve most ports in the world that do not have very large ports or offshore oil terminals to accommodate Very Large Crude Carriers and Ultra-Large Crude Carriers. They are optimal for short- to medium-haul crude oil transportation and carry 600,000 barrels of oil. Compared to larger tankers (2 M barrels of oil). TMX, which began commercial operations last week, will ship an extra 590,000 barrels per day (bpd) from Alberta to Canada's Pacific coast. It is expected to increase access to markets in Asia and the U.S. west coast. #cdnpoli #albertastrong #oil #energysecurity #energytransition #suncor
To view or add a comment, sign in
-
-
Experienced Compliance Expert: 3000+ Companies Formed, Specializing in Oil & Gas. Skilled in complex regulatory processes ,procurement of permits /licenses such as DPR(Nuprc) NIPEX , NCEC ,NCDMB , IOC registration.
I recently had to refund a client millions of naira, in this “ economy “ yes i did . The client had enlisted our services to facilitate complete compliance for their oil and gas company, including NSITF, ITF, Pencom, BPP, Nuprc(DPR), NCDMB/Nogic, Nipex, among others. Despite agreeing on a timeframe and receiving payment, the client later demanded an unrealistic turnaround of three weeks for all the required documents. After extensive negotiations, I opted to refund the client. As a consultant or entrepreneur and you offer a service , here are 4 things that you need to be sure is very clear between parties . 1. Cost 2. Timeline 3. Expectations / deliverables 4. Termination Even if you send your client a contract, get on a call if possible and explain specifics with your client , this is to ensure both parties are on the same page . If you have done all these and you still discover that your client's demands are unattainable, it may be prudent to decline the engagement to avoid potential negative outcomes. Happy new week ☺️
To view or add a comment, sign in
-
-
BP have had to take action and divert their ships following recent attacks in the Red Sea. Will the diverted route become the new normal for oil/energy vessels or could this be a short term solution in hopes that operations can return to normal in the near future? With thousands of miles being added to each diverted journey, if a more economical solution isn’t found in the near future, could there be a delay in the net zero pledges across the energy industry? Do you predict price hikes to hit the energy markets to manage a reduced supply? #supplydemand #supplychain #oilsupply #forecasting #energypricing #oilpricing #energytrading #energymarkets #oilmarkets
To view or add a comment, sign in
-
The disputes resulting from Venture Global’s controversial decision to declare force majeure at its Calcasieu Pass LNG terminal, in order to delay the commencement of the terminal’s commercial operations (and hence deliveries to a number of oil majors under long-term LNG master sales and purchase agreements), while simultaneously selling LNG cargoes in the more attractive spot market, continue to make headlines. Given the sums involved, these disputes will be ones to watch with interest. 2022 was one of the most volatile and unpredictable years for the LNG market seeing missed cargo shipments, partial loadings, contested declarations of force majeure and allegations of contractual arbitrage. As a result, the last 12-18 months has seen increased focus on force majeure and liquidated damages provisions. https://lnkd.in/dYYDzkPW
To view or add a comment, sign in
-
𝐓𝐫𝐚𝐧𝐬 𝐌𝐨𝐮𝐧𝐭𝐚𝐢𝐧 𝐩𝐢𝐩𝐞𝐥𝐢𝐧𝐞 (𝐓𝐌𝐗) - 𝐅𝐢𝐫𝐬𝐭 𝐂𝐚𝐫𝐠𝐨 𝐋𝐨𝐚𝐝𝐢𝐧𝐠 Crude oil tanker Dubai Angel on Monday moored at the Westridge Marine Terminal Vancouver. Preparing to load the first cargo of Canadian crude oil from the brand new recently expanded Trans Mountain pipeline. Marking first. Chartered by Canadian oil producer Suncor Energy, the vessel was expected to load about 550,000 barrels of Access Western Blend (AWB) for delivery to China. Expanded TMX, which will ship an additional 590,000 barrels per day (bpd) to Canada’s Pacific coast from Alberta, began commercial operations this month after years of regulatory delays and construction setbacks. The expansion gives Canadian producers more access to U.S. West Coast and Asian markets. Tightening supply of heavy crude has made Canadian oil more attractive to buyers around the world. Suncor earlier this month said it was leasing Aframax vessels in the Pacific and selling direct to customers, seeking to maximize profits on oil being shipped on TMX. #energysecurity #oil #cdnpoli #energytransition
To view or add a comment, sign in
-
-
RE: Petroleum Industry Act - Decommissioning & Abandonment Cost These are cost incurred to restore an operation territory to its original state. Under the Petroleum Profit Tax Act, provision is made for this category of cost in the books of the Operator. By provision here we mean the cost will be recognized only as a book entry. However, with the new PIA, the modality here has changed. Operators are now required to open a bank account with a commercial bank and set aside the actual funds needed for restoration in that account. That account is to be managed by the NUPRC in conjunction with the operating company for the purpose of carrying the restoration activities needed in the operation site. This cost is treated as an allowable deduction under the PIA.
To view or add a comment, sign in
-
As previously predicted by yours truly in May 2019, "unless there are developments to realise the availability of cheaper natural gas within the UK the author anticipates that the UK's Grangemouth site will come under threat of closure within the next 4-6 years". (https://lnkd.in/epHjiKNc) And today 22 November, it has just been announced that the Grangemouth refinery is to close in 2025... The 150,000 b/d Grangemouth refinery in Scotland is to close and will be converted into a fuel import terminal under plans announced today by operator Petroineos. Petroineos — a joint venture between PetroChina and UK-based Ineos — said it will start preparatory work "soon", which it expects to take 18 months to complete. Until then, it's business as usual, the firm said. https://lnkd.in/e_z4k_eu #risk #riskassessment #riskmanagement #riskmitigation #supplychain #supplychainmanagement #chemicals #environmentalmanagement #climatechange #climatechangeimpacts #ciwem #sustainability #Petroineos #scotland #grangemouth
UK's Grangemouth refinery to close in 2025 | Argus Media
argusmedia.com
To view or add a comment, sign in
-
Independent O&G Professional and a member of the Working Group of LEPLAC. Previously, Senior Geophysicist at Petrobras.
https://lnkd.in/e-zyrAJi "The sector’s performance on key metrics suggests that offshore is one of the safer segments in which to invest, providing low breakevens, high returns and a relatively low-carbon footprint. As such, offshore remains a key segment to watch in the upstream landscape."
Offshore oil and gas – the comeback kid
offshore-mag.com
To view or add a comment, sign in
-
Fuel Management System AVI/RFID/Cloud Enterprise solutions for commercial fleets and municipalities in Canada
Municipalities across North America are using Gasboy's cutting edge technology to manage, track and control their fuel sites. Gasboy's diverse portfolio of authorization proxies is helping governments of all sizes better manage their fuel operation. #fleetmanagement #fuelmanagement Canoe Procurement Group of Canada Canadian Petroleum Contractors Association Federation of Canadian Municipalities OPCA - Ontario Petroleum Contractors Association
To view or add a comment, sign in
-