OIL & GAS LEADERS
Chemical | Drilling | Exploration | Finance | Offshore-Onshore | Petroleum | Storage | Refinery | Up-Mid-Downstream
David Reid Chief Marketing Officer
National Oilwell Varco (NOV) The Latest News In The Industry Mideast Producers Seen Hit Hardest By Higher U.S. Oil & Gas Export Share in Asia says Gulf Intelligence GIQ Survey ADNOC Signs New Offshore Concession Agreement with Cepsa Qatar Petroleum Rolls Out New Corporate Strategy and Core Values EQUATE Recruits & Develops 34 New Kuwaiti Operations Technologists Financially Self-Sustainable Oil Projects Underway To Grow Bahrain’s Economy In The Coming Years: Oil Minister
Becoming Your Own Boss: Why Engineers Should Work for Startups Before Starting One Things Engineers Should Know Before Applying for a Patent Why Engineers Should Create A Blog For Their Startup Tips For Engineers With Side Hustles While Working Full Time 10 Ways Engineers Can Generate Ideas for Their Startup
MARCH 2018 ISSUE NO. 012
CREATING VALUE FOR INDUSTRY
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February flew by so fast and we’re about to finish the first quarter of the year already. From left to right, we hear fascinating stories about organizations, companies and even individuals who are creating their own marks in the engineering community. GineersNow’s mission is to share these wonderful stories and the latest news in our attempt to educate and inspire every engineer in different parts of the world. For this month’s GineersNow: Oil and Gas Leaders, we are featuring National Oilwell Varco (NOV). National Oilwell Varco (NOV) is a collection of the strongest brands in oil and gas with different backgrounds and a common culture of building solutions around equipment and services. Learn more information about the company, its iconic projects, its CSR programs, the economic and industry trends, and the person leading NOV.
EDITOR’S NOTE
We have also included several oil and gas features on the magazine such as the following: • • • • •
Mideast Producers Seen Hit Hardest By Higher U.S. Oil & Gas Export Share in Asia says Gulf Intelligence GIQ Survey ADNOC Signs New Offshore Concession Agreement with Cepsa Qatar Petroleum Rolls Out New Corporate Strategy and Core Values EQUATE Recruits & Develops 34 New Kuwaiti Operations Technologists Financially Self-Sustainable Oil Projects Underway To Grow Bahrain’s Economy In The Coming Years: Oil Minister
Lastly, we have prepared helpful articles to help you become your very own boss! Learn why engineers should work for startup companies first before having their own. Find out how you can generate ideas for your own startup company and why you should have your own blog when you decide to have it. Read our tips for engineers with side hustles while working full time and things you should know before applying for a patent. So go ahead, scroll through our pages and read the latest stories that put the spotlight on the oil and gas industry. Get updated with the news and be informed with our inspiring stories that are slowly changing the way we live today. Enjoy this month’s GineersNow: Oil and Gas Leaders.
Engr. Alice Hernandez Senior Editor-at-Large
Contents
Mideast Producers Seen Hit Hardest By Higher U.S. Oil & Gas Export Share in Asia says Gulf Intelligence GIQ Survey
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Creative Ways Engineers Can Increase How Much They Earn
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ADNOC Signs New Offshore Concession Agreement with CEPSA
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Qatar Petroleum Rolls Out New Corporate Strategy and Core Values
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BAUER KOMPRESSOREN: Continued To Be A Preferred Compressor Supplier
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Financially Self-Sustainable Oil Projects Underway To Grow Bahrain’s Economy In The Coming Years: Oil Minister
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ABB Digital Technology Fuels Progress in Egypt’s Thriving Oil and Gas Sector
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NOV: The Strong and Silent Disruptor The Untold Story of National Oilwell Varco
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Things Engineers Should Know Before Applying for a Patent
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Why Engineers Should Create A Blog For Their Startup
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Why Engineers Should Work for Startups Before Starting One
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EQUATE Recruits & Develops 34 New Kuwaiti Operations Technologists
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10 Ways Engineers Can Generate Ideas for Their Startup
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NOV: The Strong and Silent Disruptor The Untold Story of National Oilwell Varco
The Company National Oilwell Varco (NOV) is a collection of the strongest brands in oil and gas with different backgrounds and a common culture of building solutions around equipment and services. The oilfield has been a story of businesses and brands who invented at their own risk, trying to solve the complex work of finding hydrocarbons deep in the earth’s crust. As great invention led to great solutions, single brands became the cornerstone of the industry. We had to drill to deeper well depths, learn how to drill and produce offshore, drill at angles and turn corners to reach further with more difficult drilling, and drill from single structures offshore into 10
Oil & Gas Leaders • March 2018
larger reservoirs, in harsher environments. We pioneered technology to get more flow, break rock further, and develop more precise horizontal drilling, which opened a whole new resource within shales. Each event had one core theme: a small company successfully broke through to find great success and, becoming a victim of their own success, created more supply, enabling wild swings in hydrocarbon commodity price and availability. Through a consolidation of suppliers and building on the innovative and healthy businesses developed through the upcycles and downcycles, NOV has emerged as the backbone of the industry. NOV learned to use the cycles to
build strength, invest in focused acquisitions, and target critical integration-based strategies. The turning point came with breakthrough inventions across the drilling process and the merger of the three strong brands. First National and Oilwell, who bought out their
owners and turned a corner of underinvestment to begin acquiring the strongest structural, technology, and equipment production brands in the business—one of whom was a Norwegian entrepreneur who created a stir with integrated digitization in 1994 using his Cyberbase system, which drilled from an oil show to a local drilling rig. National Oilwell purchased them, adding a project capability with some niche pipe-handling
equipment and new mud pump and drawworks designs to their core. Already having the power brands for pumps and drawworks, this put them in the core of new rig design. At the same time another leader emerged from the 80s and 90s with the invention of a groundbreaking top drive technology that had enabled extendedreach drilling. The inventor of the top drive within the emerging technology company had Oil & Gas Leaders • March 2018
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also brought iron roughnecks and pipe-handling robots to the industry. This emerging Varco brand moved aggressively to purchase instrumentation powerhouses Martin-Decker and Totco, quickly followed by a bold acquisition of a struggling, underfunded industry brand, Shaffer, which Varco invested heavily in over time, creating a new breakthrough in blowout preventer (BOP) design. The Shaffer move was one of the largest turnarounds in oilfield history, breaking the power hold of the previous leaders, GE (Hydril) and Schlumberger (Cameron) over 20 years of transition to a technically dominant position. With both parties acquiring several key investments in top brands for power (Ross Hill), structures (Dreco), cranes (AMClyde, Hydralift), and solids control (Brandt), the Shaffer strategy continued a path that, upon merger in 2005, enabled the emerging NOV to solve the persistent design and rig packaging challenges—late and overbudget newbuilds—by providing a technically leading and powerful integrated solution that was delivered on time and on budget. Others are still trying to catch up with the move. The unbeatable secret to the acquisition strategy is the agility created by keeping the powerful product culture and small company feel with big company benefit. Other corporations copied the strategy but missed the key element—the freedom to operate and run your business around the people. NOV reinvested in their businesses, keeping a healthy balance sheet to be ready for a downturn, and the company strategically pivoted towards 12
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advanced software technologies to harness the value of emerging standardized NOV products and packages. In 2014, NOV divided into three segments to better weather the coming downturn. The segments cover the whole process of equipment and systems in the upstream development and delivery of hydrocarbons: Rig Technologies, which encompasses the original integration described above offering all forms of drilling rigs; Wellbore Technologies, which contains the tools and systems used to excavate a well; and Completion & Production Solutions, which houses the company’s well completions, stimulation, and production systems. NOV continues to develop new technologies in performance upgrades for drilling rigs, including technologies for BOPs that have extended life through simplification, removal of installation risk, and a system that predicts equipment failures weeks before they occur. NOV has also developed the industry’s first lowcost simple add-on operating system to drilling rigs that provides app-based connection for all third parties to drive and influence a fully automated drilling system. Although others are attempting to mimic and catch up, NOV’s long-term strategy is just too far ahead; the company has worked with over 100 active engineers across experts from NASA, Boston-based think tanks, and Silicon Valley among the start-up power team. Investing in a state-of-the-art test rig has put NOV out ahead again. Continuous research and development has yielded a system that brings a true plug-and-play experience into being, a system designed for offshore rigs and complicated pipe-handling and AI functions, but priced to function in low-cost shale environments. Anticipating difficult times, NOV built a system that could be expanded to permeate the entire oil field, and is already dealing with delivery capacity challenges in a market with very little to offer in spare finances. In the Wellbore Technologies segment, another key investment was wired drill pipe. Providing broadbandlike communications up and down the entire drillstring, wired drill pipe offers unparalleled visibility. Tools that allow measurement of downhole variables work in tandem with the wired pipe, providing new levels of detail, in real time, on what’s really happening downhole and allowing operators to act before issues even occur. Large companies that bet on their technological advances are in the process of being disrupted by our development, as the autonomous system communicates the work of drilling the well, Oil & Gas Leaders • March 2018
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changing the model and cost structure with selflearning systems. Cloud-connected rigs, in the near future, will begin assisting each other where humans have struggled. The completions breakthrough will look similar. NOV is now looking to change the design and operations of completions, working closely with a number of operators to offer tools and products that enable integrated and connected systems across the completion, intervention, and stimulation process, through to plugging and abandoning the well. Just as with drilling rigs, the production systems of the oil field remain rife with timing and budgeting problems. NOV is working to address the need for more efficient drilling systems to align the supply chain around technology that not only delivers on time and on budget but enhances the total cost of ownership during the life of the well. The digital strategy of NOV as the company continually strives to lower cost and increase the speed and volume of access to hydrocarbons 14
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while protecting its people and the environment is unmatched in this industry.
Economic, Product, and Industry Trends Decreasing costs remains the challenge for the oil and gas industry, and NOV serves low-cost markets very well. The Middle East has drawn specific interest, as has the US land business. The adoption of digitization remains a critical area for NOV, and the desire to lower costs is pushing oil and gas companies towards highly integrated service companies who cover all aspects of the process, including those usually carried out by the oil companies. That pressure pushes the operating companies to seek an alternative that gives them tools to execute better without taking control of their core competencies. NOV works with its customer base in the region as a facilitating integrator who does not block future innovation and helps the drillers, service companies, and oil companies to eliminate costs together.
The Person – David Reid History I started as a failing kid in secondary school in Aberdeen, Scotland. I grew up with high-achieving parents and siblings. As I struggled with dyslexia and what today would be called ADD, all I wanted to do was play in bands following a very exciting punk revolution in my generation. A close friend gave me insight into architecture in my final school years and, despite my lack of academic scores and rejection for entry in a construction management and design course, I was accepted on a kindhearted interest in my passion. After walking away from the band, I exceeded all expectations. During college in Newcastle Upon Tyne I fell in love with a Californian, whom I married after college. I then started working in architecture near Manhattan beach in Los Angeles. I ultimately convinced my bride and took our 6-month old to Scotland. My first job was a conversion of a church to a nightclub and on developing a basic
design, I was let go. Despite years of avoiding the oilfield after some drafting work for BP during college, I was then tempted to work at Baker Oil Tools company, followed by Varco, which changed everything. Varco’s creative, people-centric, visionary style shifted my worldview and reshaped my aspirations. Leadership Highly mentored and coached with much review and feedback, I was grown beyond my dreams. My talent was identified, and I was given the opportunity to discover and fail as well as succeed from my early leaders when they pulled me to the corporate headquarters in Orange, California. While there, I could invent new machines and businesses in a way I had never imagined within how the UK behaves in leadership. Trust and invitation became the cornerstone of how I grew and subsequently how I lead: not too hands-off and actively involved in finding and mentoring people to help them find their dream work.
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Innovation It is interesting because I talk to other CMOs around the world and what I do is not at all what they do. I am all marketing in its classic sense; not messaging, but finding opportunity and leaders in our industry to help mold the ecosystem of our business, which detests imbalance. I am to influence without authority by staying connected to, and influencing, the market to evolve. I position NOV so that customers understand our products and technologies disrupt and change their fortunes through developing and leading in value creation. I have a department that offers methods to creatively tell stories and document project successes from partnering with NOV and I think we do that well. We also have a highly skilled analysis team who studies markets and customer perception, as well as potential market gaps, to offer our businesses high-end consultants who are vested in the success of the work they produce.
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Iconic Projects 1. The 100- to 140-ft tall robots called pipe racking systems introduced in 1995. 2. Introduction of NXT boltless BOPs, changing access time from eight hours to 17 seconds in 1997/8. 3. The first all-system drilling package in the Maersk Innovator jack-up in 2001. 4. The tipping point ST-80 taking high-volume iron roughneck in a standard design on global land rigs in 2003. 5. The TDX top drive, which eliminated maintenance time and longevity of service, revolutionized top-drive design in 2006. 6. Introduction of the first app-based operating platform with a closed-loop downhole autonomous drilling system using wired drill pipe in 2013.
us, isn’t just posturing—it’s the way we choose to run our company. We firmly believe that doing good comes back around.
CSR – Community Investment and Sustainability Our company culture thrives on generosity and service, which is why our employees consistently give back to the communities where we live and work. Companies often talk at length about their community investment initiatives, but we go beyond the words—we hire people who we know share the same values we do. I’ve personally witnessed people at NOV from every walk of life rising up to help each other in times of need, and am proud to be part of a culture that’s genuine and honest. We’re deeply involved with charitable organizations across the world, working with United Way, Susan G. Komen, the National MS Society, the Alberta Cancer Foundation, and the Snowdrop Foundation, among many others. We hold sporting clays tournaments to support community families dealing with injury and loss, encourage employees to mentor children at Houston-area schools, and address bullying with an innovative partnership with the Houston Texans football team. These are just a few examples, as giving back, for
Perception around energy is changing and we must be a part of the conversation. People often think negatively of the oil and gas industry without delving deeper into what it is we really do and how we do it. Despite misconceptions, at NOV we consider the effect on water, air, and land prior to implementing projects and manufacturing products, which is essential to developing and demonstrating environmental management practices. Awareness, early identification, and improving technologies and processes of our day-to-day operations allow us to focus on minimizing energy, fresh water, and resource use, and waste generation. We constantly work to better our environmental management and risk by performing audits and due diligence.
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Trivia NOV plays in numerous businesses that are not often known outside of oil and gas, including street light poles, biofuel processing, fiberglass tubular products, wind energy tower installation, all forms of large cranes, sewage systems of all shapes and sizes, processing systems, subsea water treatment systems, large composite systems (pressure vessels, bridges, and ramps), wine and food processing, drug production systems, power systems for the commercial space industry, and lab equipment for curing diseases.
Things Engineers Should Know Before Applying for a Patent With so many innovations coming out these days, it can be very difficult to get your patent approved. More and more engineers nowadays are looking for ways to make the world a better place, and they do so by developing groundbreaking innovations that seem fit with their vision. Once the technology has been built, the next step would be always to get a patent. Patents are important because they can protect you from competitors who plan to use your ideas for their own benefit. Patents are also a business asset as it increases your value. This can help you build licensing partnerships in the future. However, with so many innovations coming out these days, it can be very difficult to get your patent approved, so here are some things you should know before you apply for a patent.
Find good attorneys This is a very important tip especially if it’s your first time applying for a patent. When applying for a one, hire an attorney who is knowledgeable with the subject area. Also look for one who understands your vision and has the same view towards your innovation.
Expect things to go wrong Yes, things may go wrong in the process, but don’t give up. 20
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While you can have the best attorneys in the country, it can still be a challenging and difficult process. Applications can get rejected again and again on different conditions, and the long process can get very frustrating. But if you really believe in your innovation, then don’t give up. Work together with your attorney, solve the necessary issues– and maybe do some needed revisions–then try to appeal once again.
Over budget for the process When budgeting for the fees for your patenting, it’s always a better option to over budget for the process. As said in the previous topic, the long process can take numerous revisions. This means an increase in your attorney’s hours, thus increasing your legal fees.
Laws could change Patent laws change over time– and unexpectedly, this is why it’s important to have an attorney with updated knowledge on patent laws. And while your attorney knows how the new processing goes, it won’t hurt to do some research as well.
Understand what you’re getting into During the whole patenting process, it’s important that you understand everything that is going on. While your attorney will be doing most of the legal work, it’s also good to learn the whole process. Also, have a good understanding on why you are applying for a patent in the first place. The process can be long and frustrating, but it will be extremely gratifying once it gets approved.
Good luck !
www.recapetroleum.com Oil & Gas Leaders • March 2018
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Why Engineers Should Create A Blog For Their Startup Blogging enables you to deliver your content to your customers and it also makes your online marketing life a breeze. Startups nowadays rely heavily on online marketing when it comes to connecting with customers. This mostly comes in the form of Social Media Marketing, advertising, and many others. Those tools however require lots of research and planning in order to become effective; you may even have to hire someone to do it for you. There’s one other way to market your business on the internet though and it’s very simple to use unlike the prior methods: Blogging. 22
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Blogging enables you to deliver your content to your customers and it also makes your online marketing life a breeze. So why write a business blog? We’ve gathered together 10 reasons why you should choose blogging as your online marketing tool. Everyone’s on the Internet. Any business would probably want to be recognized by the masses, and the best way to reach the masses is through the internet. Almost everyone has online access
make you more visible, it also saves you some money which you can then use for something else.
and putting your content on the web is a surefire way to get a lot of viewers. Startups nowadays rely heavily on online marketing when it comes to connecting with customers. More viewers = More Customers. Getting your content out there is sure to get you noticed by more people who can potentially be your future customers. You can use it to show what your business is all about. This gives you the ability to tell them why you’re in the industry and what you can do for them.
It lets you know who your customers are. Blogging allows you to check the user trends with Analytic Tools. You can see what your customers read, what topics they like, and what they click on. This would enable you to gear up and find out what content is best for your online readers. It’s free advertising. If your blog contains useful information, there’s a high chance of people reblogging it or even sharing it to social media sites like Facebook. Not only does it
Anyone can use it. Whether you’re a fresh face in the industry or whether you’re already a business veteran, blogging is for you. You don’t even need graphics design knowledge to create a blog. Blogging platforms like WordPress, Blogger, or Tumblr offers a user-friendly interface which doesn’t require you to be tech savvy. It lets your customers know what’s going on. Real time updates or news regarding your brand is sure to leave a good impression to your customers. It makes you think about your business, your customers, and everything else around you. A good content gives good rewards and good rewards makes you and your business reach better heights.
It sets your brand’s ‘character’. An effective blog will show your customers who your brand is and it defines whether you’re a brand to look out for. It builds relationships with your customers and gives them confidence with your brand. Getting information through properly formulated content gives customers reason to trust your brand and your products.
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Why Engineers Should Work for Startups Before Starting One Planning to build your own startup? Make sure you’re ready!
many of them desire to create their own startups. Unlike in the past, we now have countless tools like the internet and social media at our disposal that can help us to create our own business easier than ever. But even if it is easier to build your own startup nowadays, it is also true that being your own boss isn’t for everyone. Being your own boss means that you’ll be responsible for everything. The burden of the entire world can feel like it’s completely on your shoulders, and it can be very stressful when things aren’t going quite according to your plan.
Millennials are known nowadays for being innovative and having a great desire for creating solutions to today’s world problems. This is why 24
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If you feel that you are fully equipped with the right skills and ready for these challenges, then go ahead and give it a go. If not, then it’s alright. You can learn so much from working for other startups that have a similar cause as you do. Give it your
all, and reach towards the startup’s goals. Maybe once you are equipped with all the needed skills, you can then build your startup. Here are some skills you will gain from working in a startup
Business Development This is the skill for networking and meeting people. These are one of the main skills for a startup to be successful. In a startup, you will be trained to meet new people, create partnerships that can make a massive impact on both your companies, and find out how working together can benefit both companies.
Marketing When working for a startup, you will learn how to market the startup’s products and services. It is a crucial skill since every startup needs to be seen, and every unique voice needs to be heard above everyone else in the same industry.
Engineering and development While we already have engineering and development skills, it’s also important to understand how the manufacturing process is done, from design to finished product. By doing so, you will have a better understanding on how the startup’s products are manufactured. You will also be able to find improvements in the process and find a better solution. There are many skills that you can learn while working in a startup. Find your niche and try it out. After a few years of experience, you can weigh if you’re ready to build your own startup. What’s important is that you were able to contribute to a cause that you are interested in, and were able to gain experience in that field. Combine that experience with leadership skills and you’ll soon be ready to build a successful startup!
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EQUATE Recruits & Develops 34 New Kuwaiti Operations Technologists EQUATE Group, a global producer of petrochemicals, proudly announces that 34 Kuwaiti operations technologists have joined the company’s growing team of talents as part of the 10th wave of training and recruiting local operations professionals to work at EQUATE’s world-class industrial complex. This goes in line with steadfast commitment to grow its talent pool with constant and effective training programs that not only benefit every trainee, but the company’s future as well. The recruitment process follows an intensive training program delivered based on global standards of developing technical competencies. The newly recruited technologists first joined a 10-week program in preparation to work at EQUATE’s industrial complex. The program focused on developing the trainees’ English language skills, teamwork principles, educating them about the company’s corporate culture and technical fundamentals. The program will be followed by six months on-the-job training to obtain the technical certification to work at EQUATE. EQUATE’s Senior VP Nasser AlDousari stated, “Today is another milestone in EQUATE’s commitment to provide career opportunities to young individuals in our global industry. Thirtyfour operators have joined our company and we provided them with qualified and certified vocation training program made to develop talent and help them grow in their jobs.”
EQUATE continues to contribute to Kuwait’s economic growth and social welfare due to the career opportunities it offers locals. Today, 54% of the company’s workforce are Kuwaiti nationals, a significant percentage the company prides itself in as it reflects its national identity and illustrates its commitment to Kuwaitization. The EQUATE Group* is a global producer of petrochemicals and the world’s second largest producer of Ethylene Glycol (EG). The Group has industrial complexes in Kuwait, North America and Europe that annually produce over 5 million tons of Ethylene, EG, Polyethylene (PE) and Polyethylene Terephthalate (PET). The products are marketed throughout Asia, the Americas, Europe, the Middle East and Africa. The EQUATE Group’s shareholders include Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC). The Group is a leading enterprise that pursues sustainability wherever it operates through partnerships in fields that include the environment, economy and society. www.equate.com * The EQUATE Group includes EQUATE Petrochemical Company (EQUATE), its subsidiaries and The Kuwait Olefins Company (TKOC).
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10 Ways Engineers Can Generate Ideas for Their Startup If you’ve ever thought about creating a startup of your own but don’t know what your company will be, this may help you Startup companies are now taking the world by storm. There are a vast amount of people from all walks of life creating their very own businesses that fits their very own personality. If you’ve ever thought about creating a startup of your own but don’t know what your company will be, here’s a few tips on how to generate ideas for your startup.
Think of a problem Yes, you heard that right. It’s best if you think of a problem that you want to solve rather than 28
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thinking of something cool that you’d want to try out. You’d have more success building up a business model to solve a specific problem rather than building on off a cool idea you got off the internet. Businesses are there to solve problems. If your business does not solve a problem, you wouldn’t have a market to work with. That said, your business will thrive depending on how big the amount of people affected by the problem is. Every business has a problem they’re solving, that’s why yours should too.
You don’t have to be “original” A lot of successful businesses didn’t even create the idea from scratch. It’s not a matter of generating an idea that revolves entirely on a concept YOU created. It can be an existing idea that you’d want to re-imagine into your own creative version. Take Facebook as an example; It’s a huge and successful Social Media Platform but it’s not the FIRST Social Media Platform. Facebook took the idea of a Social Media Platform and transformed it into their own intricate design.
people in your community will benefit from your upcoming business and if it’s really what your target market needs.
Think practically There’s a lot of ideas which sound really good on paper but not in actuality. You’d have to check time in again if your business idea is something you or your partners can do. If you got a couple of ideas, sort through them first. Think whether it’s really needed or whether it’s actually doable. If your current idea pool gets drained, take a step back and check for more.
If you can’t think of a problem, ask your friends or family There’s nothing better than asking the consumers themselves. Are they bothered by the issues with the environment? Is it something you can create an idea from? Do you have a way of solving this issue? If you said yes to any of it, then asking around did you good. Sometimes, it’s good to take a good look at your surroundings. It’s a good way to see how the
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A business has to be practical to start with, if you think you’d be setting yourself up for something really risky, think twice before you plunge right in.
If you’re boggled about an idea you have, ask questions from people who know or take it to yourself to learn more about it.
Go with what you like
Let your brain rest
If you’ve already gathered the ideas needed and you’re having a hard time choosing which one you’re going to go with, here’s a question you should ask yourself: “Is this really what I want to go with?”
If you’re stuck creating an idea, take a breather. It’s not good to continuously squeeze ideas out from a tired brain. Let your brain cool down and think about it tomorrow. No good idea comes overnight.
If you answered yes, then go with it. This way, you’ll love it when it booms and it you’ll regret it less if it fails. Always consider where your heart lies since it’ll allow you to focus more and give more to the startup you’re planning to grow.
Thinking of too much and not allowing your brain some rest means new and fresh ideas might not come to you. Always make sure that your brain gets some rest. Who knows? Your dreams might just inspire you.
Don’t be afraid to ask for advice
Go to new places
If you have a friend or someone who has a business background (having a startup is a plus) then don’t hesitate to ask them for advice. If you don’t have anyone near you who can help, try searching online or try reading a book about business ideas.
A little exploration won’t hurt anyone. If in any case you can’t find anything in your community, try reaching out to new places. You can try going overseas or just travel within your country, it’s completely up to you. New environments inspire your brain to think outside of your comfort
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zone, allowing you to see things from a different perspective. They say traveling helps calm the mind and soul. It also helps your brain by exposing it to new things which broaden your mind and increase the chances of developing creating and innovative ideas.
Know how big you want your startup to be It will surely help your mind in generating ideas if you know how big the startup company you’re making should be. If you plan to make a smallscale startup, it’s best to let go of ideas that are too grand or are too costly. Consider the amount of manpower your idea would need for it to work. If you’re planning on a large-scale startup, see if your idea’s risk factor is worth taking.
The idea should be relatable A good business idea should take their market into consideration. If your business idea is too
confusing or is something that the audience has little knowledge of, it’s best to rethink your plan. If your customers are unaware of the subject you’re trying to do, it’s going to be extra work for you to convince them that your business is actually worth it.
Tips For Engineers With Side Hustles While Working Full Time Learn to balance working full time alongside your side businesses. Why Did You Choose This? Find your reason for choosing this passion. Your answer may be, “well, because it’s my passion”. Yes, that’s true. However, the “why” needs to be clearer as you continue on with your new business.
Millennials nowadays love side hustles even when they are working full time. For them, it’s not all about the money. It’s the happiness they get when they are able to do their passion, and money is just the small part of that happiness. While having side jobs alongside working full time has been an ongoing trend, it’s important to note that this isn’t something anyone can do off the bat. It can be tiring, and could ruin your full time job if you haven’t planned well enough. So here are some tips on how you can balance working full time alongside your side hustles.
Start With Your Passion Knowing what you are passionate about can help you find the right niche for your side hustle. Remember, 32
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you’re going to be spending your 8 working hours at your full time job already, so find a side hustle that you are willing to spend your after hours to wholeheartedly. This gives you the chance to open your heart to what you’ve always wanted to be other than being an engineer. You could venture into writing a blog, creating videos, recording music on YouTube, painting, or even cooking! By identifying your passion, you will be able to find that extra strength you need to pursue your side business. It will be your motivation to keep your endurance during the first few difficult months of starting your business. So, What is your passion?
For example, you may want to start a blog because you want to feel more fulfilled, and you wanted an outlet for your daily frustrations and opinions on different events. It could also be because you want to pursue your lifelong dream without having to sacrifice your work.
Plan Your Schedule Carefully Remember that time is of the essence. Don’t make time your enemy, make it your friend. Define your priorities and schedule your time efficiently. Make sure your hustle hours are outside of your regular work hours, so you won’t be distracted from completing your tasks for your full time job. Make a schedule and stick to it. These are just tips on how you can follow to balance your side businesses with your full time job. I hope these help.
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11Th Ogwa-Spe Exhibition & Conference From March 26 To 28 boost government initiatives to open paths to viable alternatives to the current extraction and explorations techniques and technologies, provide a ready platform to present key projects and potential business and investment opportunities, and encourage trade.
Amid the current oil situation, the oil and gas sector remains optimistic about the prospects and the sector’s continuous growth and development and what these opportunities represent for oil and gas companies. Executives from biggest exhibitions and conferences organizer Omanexpo, along with a distinguished panel from the oil and gas sector addressed the media in a press conference for its 11th edition of Oil & Gas West Asia (OGWA) Exhibition and Conference held at the Grand Hyatt Muscat Hotel. The panel included key industry individuals such as Dr. Sultan Al-Shidhani, Petroleum Engineering Manager of Petroleum Development Oman (PDO) and OGWA-SPE Technical Committee Chairman, Michelle Boyd, Director of Society of Petroleum Engineers (SPE) Middle East, North Africa and South Asia; Musallam Al Mandhari, CEO, Oman Society for Petroleum Services (OPAL), Shabib Al Maamari, Communication & External Affairs Manager, BP Oman, Murtaza Firoz, Executive Director, Vanguard Engineering & Oilfield Services, Hamza Qarooni, VP, Gulf Energy, along with Omanexpo general manager Nader Abbas. Since its launch in 1998, the OGWA-SPE Exhibition and Conference has grown and known to become one of the most important and recognized oil and gas events in the region. In Oman, it has become the landmark event for the sector, playing a major role in helping 34
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The SPE EOR Conference, held alongside the OGWA exhibition, will feature a keynote panel session and an executive plenary session where distinguished industry leaders and from the Ministry of Oil and Gas, Oman, will share their views of the industry’s successes and progress made in enhanced oil recovery in addition to enhancing the industry’s contributions to socioeconomic developments. Technical sessions will cover the latest advances in chemical EOR, thermal EOR, miscible gas injection EOR and low salinity water flooding and much more. Over the years, this event has become a hub for professionals from around the globe to meet in one place to share their experiences and discuss new technologies and advances in EOR. This year, the exhibition will be held for the first time at the new Oman Convention & Exhibition Centre and will showcase over 300 companies representing 19 countries. Highlighting the exhibition are six country pavilions (China, Iran, Italy, India, Egypt and the SPE Technology Pavilion), and the ICV Riyada Pavilion, where with the support of Strategic Partner Business Gateways, it will present about 130 companies who will showcase their profiles at the Riyada JSRS e-marketplace and 10 stands at the exhibition. The OGWA-SPE Exhibition & Conference 2018 will be held from 26-28 March and will be hosted under the auspices of the Ministry of Oil & Gas and supported by PDO and OPAL. His Excellency Mohammad bin Al Zubair, Advisor to His Majesty for Economic Planning Affairs, will formally open the event.
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Mideast Producers Seen Hit Hardest By Higher U.S. Oil & Gas Export Share in Asia says Gulf Intelligence GIQ Survey optimistic, placing the average in the $70s while 10% saw it dropping back to the $50/bbl range.
Middle East oil and gas producers are likely to be the biggest losers from U.S. energy exporters gaining more and more market share in Asia, according to 63% of industry executives polled in a Gulf Intelligence Survey. Meanwhile, almost a third of the survey respondents, a cross section of energy stakeholders in the UAE and the UK polled ahead of the 2nd Gulf Intelligence Middle East Energy Summit at International Petroleum (IP) Week in London this week, said that African producers would be the most impacted from the fast growing U.S. customer base in China, India and across Asia. In the period 2011-2016, global oil demand increased 8.6% with the exception of Europe. This led to a shift of focus by Middle East suppliers from Europe to Asia, with exports to the east increasing from 2.8 million (m) barrels a day (b/d) to 3.7m b/d. In parallel, the advent of the U.S.
shale ‘revolution’ has placed that country’s oil output today at above 10 m b/d, matching Saudi Arabia and seen potentially hitting 11 m b/d this year in line with Russia. U.S. exports are expected to be 1.5 m – 2 m b/d in 2018 with some projections seeing them hit 4 m b/d as soon as 2022. This new dynamic has brought the U.S. new customers in both Europe and Asia, with most exports landing in China, now the second largest buyer of U.S. crude after Canada. Meanwhile, U.S. foreign oil imports have dropped 3 m b/d since 2014 with net imports now at 4 m b/d compared to 12 m b/d in 2005. U.S. oil and gas has also landed on Arabian Gulf shores in the past year, with the UAE and Kuwait both taking cargoes. 68% of the GIQ survey respondents expect this trend to continue. On the future direction of oil prices, 80% of survey respondents were of the view that Brent crude would average in the $60s/bbl range in the first half of 2018. 10% were more
The OPEC/non-OPEC agreement to slash total production by 1.8 m b/d during 2017 and extended through 2018, has so far propelled a recovery in Brent oil prices from their lows in 2015 and early 2016 when they dipped under $30/bbl. Prices broke through the $70/bbl mark last October on the back of a very successful level of compliance throughout the year by oil producers to the output cut deal, as well as continued growth in global oil demand. In the last few weeks, prices have settled back into the $60s. OECD oil stock inventories are still 100 million barrels plus above the 5-year average and producers who have signed onto the output cut deal have set the removal of this excess as a main target to achieving oil demand and supply balance in the year ahead. The Gulf Intelligence survey audience was split 50/50 on whether geopolitics or oil supply cuts would have the greater influence on oil prices in the coming year. This compares to a similar GIQ survey conducted in mid-January where two thirds of respondents felt the former would play the weightier role. The 2nd Gulf Intelligence Middle East Energy Summit, in partnership with the Fujairah Oil Industry Zone (FOIZ), is part of IP Week hosted by the Energy Institute, and will gather members of the energy community from the region and beyond to exchange knowledge and intelligence on the most pressing issues facing the industry.
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Creative Ways Engineers Can Increase How Much They Earn How can you increase your value at work to be able to earn more? Everyone wants to earn more. However, most of the time working hard has little effect on how much you earn. It may seem harsh, but most of the time it’s true. No matter how much overtime hours you render at work, will have little or no effect on your current salary. In our society, what you earn is usually based on the value of what it is you do. 38
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Dollar amounts are placed on everyday tasks, and payment is offered based on who can give the desired outcome. Payment is also related to supply and demand. For example, lots of people are capable of scrubbing toilets, but not everyone can manage a construction project.
you to earn more for yourself. Do some research and look for different parties that are willing to pay for that role.
Choose long term jackpots Learn to be patient. No one becomes an instant expert at something overnight. Even those who are innately talented still have a lot to learn through experience. Once you’ve chosen a role don’t just focus on short term raises, focus on long term jackpots instead. As you are still in the lower end of the learning curve, continue to prove yourself and improve your abilities. Forget asking for extra pay for the extra 2 hours you’ve spent at a certain task. When you’re still starting, it’s better to focus on quality, as well as connections. Instead of asking for that extra 2 hours pay, ask your client to introduce you to someone that you could add to your connections. This will help you ladder up your success to your next projects. Master your craft while making connections.
Don’t tell people why they should pay you more. Show them.
So, as engineers who want to improve in their field and earn more, what can you do? How can you increase your value to the point where you are earning more than what is considered average for your responsibilities?
Research and Absorb Do some research and learn what is most valuable about your role. You can try rereading your job description that was given to you when you first started your job, and from the list of responsibilities find out which one is of most value. Or if you currently don’t have a job, find a strong characteristic that you have that can help
Action speaks louder than words. We all know this. If you’re an engineer who is currently employed, then show everyone (especially your bosses) that you deserve to be paid more or be given a promotion. If you have a business on the side, show your clients that what they are paying for is so worth it that they will want to come back again. Stop telling. Start showing.
Ask Not everything will be served on a silver platter for you. While there are bosses who suddenly call you up and give you that raise you deserve, most aren’t like that. If you feel that you deserve to be paid more, in whatever you are working in, it’s your responsibility to ask. Talk to your boss. You may need to be prepared for a “no”, but don’t be disheartened. Explain to them what value you provide that makes you believe you deserve those earnings. Oil & Gas Leaders • March 2018
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ITA - AITES WORLD TUNNEL CONGRESS 21 - 26 April 2018 Dubai International Convention and Exhibition Centre, UAE
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ADNOC Signs New Offshore Concession Agreement with CEPSA On behalf of the Abu Dhabi Government, the Abu Dhabi National Oil Company (ADNOC) today signed an agreement with Cepsa, a Spanish integrated oil and gas company, awarding it a 20% stake in Abu Dhabi’s offshore SARB and Umm Lulu concession. The choice of Cepsa, which is wholly-owned by Abu Dhabi’s Mubadala Investment Company and operates across the entire oil and gas value chain, underpins ADNOC’s strategy to maximize returns from its resources, expand its Downstream business, and retain value for the UAE. The concession area is made up of two main fields under development, Umm Lulu, which is part of the former ADMA offshore concession, and SARB, as well as two smaller fields, Bin Nasher and Al Bateel. The ADMA concession has been split into three new concessions to maximise commercial value, broaden ADNOC’s
partner base, expand technical expertise, and enable greater market access. Cepsa contributed a participation fee of AED 5.5 billion ($1.5 billion) to enter the concession, which also takes into account previous ADNOC investments in the concession area. ADNOC retains a majority 60% stake in the concession that will be operated by ADNOC Offshore, a subsidiary of ADNOC. The agreement, which has a term of 40 years and an effective date of March 9, 2018, was signed by His Excellency Dr Sultan Ahmed Al Jaber, ADNOC Group Chief Executive Officer, and Pedro Miró, Vice Chairman and CEO of Cepsa. H.E. Dr Al Jaber said: “This long-term agreement is a milestone in the development of Abu Dhabi’s integrated oil and gas sector and in the delivery of ADNOC’s 2030 smart growth strategy. This partnership ensures we continue to maximise
value from our hydrocarbon resources, in line with the leadership’s directives, by capturing that value and financial return here in the UAE.
household and industrial detergents. It is also used in house cleaners, fabric softeners, and soap bars.
“The agreement also reflects ADNOC’s new partnership approach, as we expand and diversify our partner base across ADNOC’s integrated value chain. Reflecting our strategic approach, we are also working with Cepsa to explore expansion opportunities in our downstream business, in the UAE and overseas, that will deliver competitive returns and long term growth opportunities for both parties, and for the UAE.”
The companies plan to progress the basic engineering of the proposed LAB complex in 2018. It is envisaged the facility will be integrated with the Ruwais refinery complex, and will incorporate DETAL-PLUSTM technology.
Cepsa, which has been operating in the energy sector since 1929, has businesses in over 20 countries across five continents. Its operations span exploration, production, refining, distribution and marketing, chemicals, gas and power, trading, bunkering and renewable energy sources. It is the world’s largest producer of Linear Alkyl Benzene (LAB) and also the leading producer of cumene and the second in phenol and acetone, thanks to its seven chemical plants, in Europe, Asia and the Americas. In 2016 it produced 35.4 million barrels of oil, distilled 158.7 million barrels of crude oil and sold 28.3 million tons of petroleum products. Miro said: “This concession agreement marks an important moment for Cepsa and our close relationship with ADNOC, with whom we are working with on a number of projects in the upstream, downstream and petrochemical sectors. It will add substantial reserves, in a concession with relatively low production cost, to our portfolio, and will enable us to make considerable strides towards achieving our objectives, as set out in our 2030 Strategic Plan”. In November 2017, ADNOC and Cepsa signed a framework agreement to evaluate a new world-scale Linear Alkyl Benzene complex in Ruwais, Abu Dhabi. LAB is the most common raw material in the manufacture of biodegradable
According to Cepsa, the offshore concession agreement strengthens its energy model and long-term strategy, and is in line with the company’s forecasts as outlined in its Energy Outlook 2030 report for world demand for oil growth in the coming years. The agreement increases Cepsa’s presence in the UAE, a strategic country for the company where it has operated in both exploration and production and bunker activities since 2013. The concession award is the first to be announced for the second of three new offshore concession areas, which have been created from the former ADMA offshore concession. On February 10, ADNOC announced the award of a 10% interest in Abu Dhabi’s separate offshore Lower Zakum concession to an Indian consortium, led by ONGC Videsh. In support of its expanded 2030 strategy, ADNOC plans to grow its crude refining capacity by 60 per cent and more than triple its petrochemical production, to 14.4 mtpa by 2025, through a staged expansion plan aimed at initially optimizing its existing assets to grow and diversify its products portfolio, as it delivers its strategic imperatives of a more valuable Upstream, more profitable Downstream and an economic and sustainable supply of gas. ADNOC is finalizing concession agreements with other potential partners for the remaining stakes in the SARB and Umm Lulu, the Lower Zakum and the Umm Shaif and Nasr concessions.
Qatar Petroleum Rolls Out New Corporate Strategy and Core Values Speaking at the event, Mr. Saad Sherida Al-Kaabi, QP President & CEO said “The new strategy and values come at a critical time in our expansion, and will ensure that we continue to be a global LNG leader. Therefore, we should all be willing and prepared to embrace and lead change to ensure success.”
Qatar Petroleum has rolled out its new Corporate Strategy and core values which were designed to firmly place this energy icon on the road to realizing its vision “to become one of the best national oil and Gas companies, with roots in Qatar and a strong international presence”. The rollout signals a new era of growth for Qatar Petroleum, led by the planned expansion of North Field production, which will further boost Qatar’s leading global position by raising its LNG production from 77 million to 100 million tons per year. It also comes amidst an increasing international upstream activity, which saw Qatar Petroleum’s footprint expand to include promising offshore areas spanning 44
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Latin America, Africa, the Mediterranean, and the Middle East. Qatar Petroleum’s Corporate Strategy was rolled out during a 3-day event held at QP headquarters, in which senior management and executives from Qatar Petroleum and its affiliates discussed its various elements and their implementation. The strategy is designed to strengthen QP’s technical capability and operating model, maximize upstream value to the State of Qatar, create a large-scale value-adding international portfolio, re-inforce Qatar’s LNG & global gas position, maximize downstream added value, and promote energy efficiency & optimum energy mix in Qatar.
“We are developing a global business and are also enhancing our competitive position as a global energy player, leaving our positive mark across the world. This would not be possible without the great support and guidance from His Highness Sheikh Tamim bin Hamad Al Thani, the Emir of the State of Qatar,” Mr. Al-Kaabi concluded. Qatar Petroleum’s core values were also shared and discussed during the special event. They are: integrity, safety, excellence, collaboration, responsibility and respect. These values describe the standards of behavior that will shape the desired corporate culture and will be key in Qatar Petroleum achieving its vision.
BAUER KOMPRESSOREN: Continued To Be A Preferred Compressor Supplier Looking back at year 2017: Bauer Kompressoren GCC is supporting customers in UAE, Saudi Arabia, Oman, Bahrain, Qatar, Kuwait, Jordan & Lebanon Year 2017 started slow as a result of unstable oil prices in year 2016. However, with some strategic decisions taken in GCC Oil & Gas market, business grew well from quarter 2 onwards. The reason for our success was to cater to customer’s requirement instead of focusing on standard equipment. BAUER Kompressoren has always strived for the latest technology which make our products suitable for each generation of operators.
CUSTOMER FOCUSED BAUER Kompressoren GCC is supporting customers in UAE, Saudi Arabia, Oman, Bahrain, 46
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Qatar, Kuwait, Jordan & Lebanon. The major market segments where our compressors were supplied in 2017 are Oil & Gas (Onshore & Offshore), Government (Fire stations at Civil Defence, Police Search & Rescue) Dive-centres, Shipping, Commercial diving. Compressors are used for producing Breathing Air, Industrial Grade Air, Inert Gases & Natural Gas. We supported all these customers not only to sell the compressors but to make sure that there has been a after sales support provided by local distributor in each country. All our distributors are well trained on the product to ensure continuous support to our respectful customers.
TECHNOLOGY TRENDS The latest product developments are centered around connectivity. We now live in a digital and wireless world. In response to this we have introduced new ways to interact with our compressors remotely. One example of this is the B-App which allows owners or operators of our equipment to monitor the performance on their smartphone while sitting at home or even on the beach, in fact wherever there is an internet connection. They can even remotely turn the compressor on and off using the app which is available for IOS or Android devices. Furthermore, with the inclusion of B-Detection built in to our latest compressors it is possible to continuously monitor the quality of air being produced. Last year we also introduced Lab on Locale for not only monitoring the air quality continuously but to provide third party certification through on line connection with Laboratory in USA.
CHANGE PATTERN IN INDUSTRY In our sphere of operations, Health & Safety are becoming more prominent. So as described above, the growing need to ensure breathing air quality. In addition, the environmental issues are becoming more important. So the use of energy efficient motors is coming to bear, to reduce energy consumption, running costs and of course the environmental impact.
We also noticed that the enquiries are generated through EPC contractors who specialize in writing the appropriate specifications for each product.
IMPACT OF MIDDLE EAST OPERATIONS ON GLOBAL BUSINESS BAUER’s global business is dominated by European and North American activities geographically, so whilst the recent challenges of the Oil & Gas sector in the Middle East region had an impact on our business, the overall global business was not materially affected thanks to the broad range of industry sectors we serve, and the geographic spread of our customer base.
BUSINESS OUTLOOK FOR BAUER In 2018 BAUER have experienced a noticeable upturn in enquiry levels in 2017 which we are very optimistic will translate into firm orders in 2018. During the Oil & Gas sector downturn of the last 2-3 years we were able to refocus our attention to other market sectors, which have developed favourably. With the recent oil price trending upwards, we expect the levels of business in the Oil & Gas to grow steadily this year, which we are confident will deliver a solid growth for us in 2018.
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Financially Self-Sustainable Oil Projects Underway To Grow Bahrain’s Economy In The Coming Years: Oil Minister Bahrain’s Minister of Oil His Excellency Shaikh Mohammed Bin Khalifa Al Khalifa participated at the Falak Consulting quarterly Power Lunch as the guest of honor. The lunch event gathered Bahrain’s business leaders, government officials, entrepreneurs and top industry names to discuss 48
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the Kingdom’s shifting business climate. As part of the dialogue established at the event, HE Shaikh Mohammed shed light on the recent economic changes implemented within the Kingdom and their long-term benefit to the citizens of Bahrain and its economy.
His Excellency highlighted the importance of sustainability and its role protecting Bahrain’s economy for present and future generations: “All decisions taken related to subsidization, are made with the long-term protection of Bahrain’s citizens in mind and allows for sustainable prosperity for future generations.” Additionally, His Excellency discussed the launch of five new projects, designed to be financially self-sustainable and will add to the Kingdom’s natural resources versus subtracting from them. His Excellency emphasized that due to their strength and long-term financial appeal, the projects have gained substantial investment by local, regional and global banks. Key projects include: - The Exploration of Deep Gas Zones in the Bahrain Oil Field with its 44,000 and 45,000 production output capacity - Banagas’ 600 million square feet of APG attracting investment by local banks totaling $515 million and is set to yield high rate of return - Bahrain LNG Import Terminal, first of its kind in the Kingdom with its ability to dock, transport and store LNG. Financed by a collection of international banks totaling $741 million - Bapco’s Modernization Program: the single largest investment in Bapco’s history, set to increase refinery competitiveness, improve energy efficiency and meet environmental compliance, valued at $5 billion Shedding light on the benefit to citizens as well as the context of recent economic changes, His Excellency, said: “Bahrain’s citizens and society are the foremost priority following the country’s recent economic changes. This time is crucial to educate ourselves about our consumption as a nation and to look to the positive impact
these changes will achieve for everyone in the future; the return on subsidization yields better economic growth and allows Bahrain the opportunity to keep pace with other Gulf countries with a proven record of success.” “As the investment of past generations are still being reaped in the present, we too must look to long-term profitability, which will safeguard the Kingdom’s continued economic flourishment and will ensure a better standard of living and quality of life for its society for future generations.” Commenting on the successful event, Mr. Suhail Algosaibi, CEO of Falak Consulting said: “At Falak Consulting, our priority is the betterment of Bahrain’s economy and potential. A crucial step in achieving this is by engaging key opinion leaders and policy makers at our quarterly Power Lunch and to establish constructive dialogue around topics such as the country’s dynamic economy and changes to the business environment. The lunch event provides an ideal platform and candid setting to facilitate dialogue with key individuals and change makers in attendance. To that end we are honored by the vital contribution of HE Shaikh Mohammed Bin Khalifa Al Khalifa as he sheds valuable insight on Bahrain’s future as it relates to our oil industry and businessfriendly outlook.” Launched in April 2015 and in its dedication to building a stronger economy and prosperous society by unlocking business and human potential, the successful Falak Consulting Power Lunch is designed to bridge the gap between policy makers and business affected by the policies. This year’s first Power Lunch took place at the prestigious Capital Club in the Bahrain Financial Harbour and was attended by members of the business community. The successful initiative continues to engage private and public-sector leaders in the Kingdom to facilitate economic dialogue.
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ABB Digital Technology Fuels Progress in Egypt’s Thriving Oil and Gas Sector ABB’s EOW- i3 Extended Control Room Concept highlighted at EGYPS 2018, taking digitalization to the next level for oil, gas and chemicals ABB Egyptwill demonstrate its digital solutions for theoil, gas and chemicals industry at EGYPS 2018, providing the tools for the Egyptian government’s ambitious agenda to unlock the full potential of the country’s oil and gas sector. With more than 400 exhibitors and 15,000 expected visitors, EGYPS 2018brings together global business leaders who will discuss growth and innovation in the oil and gas sector toenhance regional and global industry collaboration. ABB will demonstrate its leading solution in distributed control systems,EOW- i3 Extended Control Room Concept, which showscritical data for oil and gas plants located onshore and offshoreon an interactive dashboard. The technology allows users to remotely monitor all plant aspects while analyzing and viewing highly complex data.
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Oil & Gas Leaders • March 2018
“The EOW is part of the ABB Ability™ solutions platform which presents a combination of equipment, systems and services that are digital and seamlessly connected,” said Naji Jreijiri, Managing Director ABB Egypt North and Central Africa. “There is alignment between our solutions andthe Ministry of Petroleum and Mineral Resources new integrated strategy, which aimsto realizethe petroleum sector’s full potential by the year 2021.We want to contribute to sustainable development and become a role model for the modern Egypt.” ABB uses a collaborative approach in developing solutions for customers by bringing together people, products, services and applications to operate in a digital world. “Some of today’s technical problems didn’t exist a decade ago, such as cyber security threats, broken control loops, safety system failures and rotating equipment downtime. Our ABB Ability solutions for the oil, gas and chemical sector utilize our analytics engine to turn data into collaborative actions across disciplines from various locations,”said Ahmed Sherbini, ABB Egypt Oil & Gas Business Unit Manager