J A N U A RY
2020
NEWS
Bitcoin Mining Reduces Oil Companies Carbon Footprint
Industrial Wax Market to Reach USD 12.95 Billion by 2026
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Weatherford Will Provide Industry Voice On “Developing Capabilities for the New Energy Economy”
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EDITOR‘S NOTE In spite the fact that the oil and gas industry was in a massive downward spiral several years ago, there have been colossal upsurges in capital high-grading and cost containment recently. Not to mention a rise in the efficiency of operations too. A rise in the importance of infrastructure in the oil industry, a major comeback of the natural gas sector, a move towards sustainability in the oil, gas, and chemical markets, and an emergence of high-tech advancements in order to ease the lives of the oil and gas industry workers. In regards to the oil industry of 2020, one should be surprised when there is an upward movement and greater emphasis in the importance of infrastructure. Bigger process facilities, underground pipelines, and storage building, among other innovations, will be more to the value chain of the oil and gas industry. Another 2020 oil market trend that one should be aware of is the return of the natural gas sector and its potential to church out the most valuable resource for low-carbon power generators To conclude, prepare to see a spectacular move towards sustainability in the oil, gas, and chemical markets in 2020 in order to create a greener 4
Energy Forecast in 2020: Chemicals, Petroleum, Oil and Gas earth. Despite the fact that the oil, gas, and chemical industry always faced challenging in terms of penetrating the sustainability market, its attempts and journey to be more environmental is commendable and honourable at best. This is great news for each environmentalist in the globe as the figureheads of the oil and gas industries are beginning to invest in renewable, low carbon energy companies and slowly but surely forego their planet-deteriorating products and practices. As we move towards the year 2020, we must remember that the oil and gas sector is world-renowned tor its technological innovation and its potential for growth.
Regional Office: LG Electronics Gulf FZE, P.O Box 61445, Dubai. Tel: +971 4 279 9222, UAE, Mr. Amjad Abu Alika, Tel: +971 50 450 9808, email: amjad.abualika@lge.com; Fortune International Trading LLC, Mr. Wail Halbouni, Tel: +971 50 481 3570, email: fortintl@emirates.net.ae; Ghantoot Trading, Mr. Nour Haboush, Tel: +971 50 109 4109, email: nour.h@ghantootgroup.ae; District Cooling Company, Mr. Ahmed Henedi, Tel: +971 50 658 4832, email: ahmed@districtcoolingcompany.com; Al Yousuf Electronics, Mr. Moitra, Tel: +971 50 457 6170, email: pmoitra@alyousuf.com; Bahrain, AJM Kooheji and Sons, Mr. Jayachandran, Tel: +973 36888801, email: v.jayachandran@ajmkooheji.com: Al Babtain Air Conditioning & Refrigeration Co., Mr. Naji Kataya, Tel: +965 5 051 5771, email: nkataya@albabtaingroup.com,kw; BLK, Mr. Imad Rhayel, Tel: +965 5 157 1229, email: irhayel@blk.com.kw; Oman, Oman Gulf Enterprise, Mr. Narender Kumar, Tel: +968 9 747 4505, email: narenderk@otegroup.com; Aspire Projects and Service, Mr. Vivek Wagh, Tel: +968 99357694, email: vivekwagh@aspireoman.com; Azerbaijan, NBC LLC., Mr. Elkhan Sadikhov, Tel: +994 50 216 3363, email: elkhan.sadikhov@nbc.com; Al-Con Maxiwell Group, Mr. Vagif Alexperov, Tel: + 994 50 216 2092, email: maxiwellbaku@inbox.ru; Armenia/Georgia, ARAY Gulf, Mr. Vilson Melikjanyan, Tel: +374 9 307 7755, email: vilson@aray.am; Yemen, Modern House Exhibition, Mr. Khaled Jabr, Tel: +967 71 172 0202, email: mail@mhe-yemen.com; Pakistan, Iceberg Industries (Lucky Goldstar), Mr. Imran Jamil Khan, Tel: +923 21 277 6100, email: ceo@icebergindustries.net
CON TENTS
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Every Chef and Restaurant Owners in PH should have this Induction Cooker
24TH World Energy Congress Concludes with Celecbration of Inovation & Entrepreneurship
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2020 Trends in Oil & Gas
34 Bitcoin Mining Reduces Oil Companies Carbon Footprint
38 Industrial Wax Market to Reach USD 12.95 Billion by 2026 | Reports And Data
Ten Innovativev Solutions of Social Incubator Program in Abu Dhabi Rewarded AED 4.4 Million Investment to Support People of Determination
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Hyundai Motorsport Set to Go Electric
66 12V Waterproof Actuator
70 Is Your Cyber Prevention Plan Up To Date?
42 Weatherford Will Provide Industry Voice On “Developing Capabilities for the New Energy Economy”
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74 Food for Thought: These Foods Will Keep You More Focused and Alert at Work
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Every Chef and Restaurant Owners in PH should have this Induction Cooker
F
ood is an integral part of Philippine culture but not everyone can cook. It is, however, something we all should learn. We may never be the next Gordon Ramsay or Jaime Oliver, but we should strive to do more than pop a few leftovers in the microwave, cook rice, or fry a couple of eggs. While it is understandable that cooking is neither a walk in the park nor an inviting skill to learn, since it is very technical and mathematical at its core, an induction cooker makes this important life skill safer, easier, and more fun. Usage of induction cookers is slowly on the rise, trailing and catching up to the two most common, widely used tools for cooking: gas cookers and electric cookers. These two have cemented themselves in our food-loving Filipino culture and have distinct advantages over the other. While gas cookers boast even heating across a person’s
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cookware, electric cookers are easier to clean. The reason why induction cookers have come neck and neck to these two giants is because of the lack of overall difficulty in using it. An induction cooker takes the beautiful things about its gas and electric counterparts—even heating and ease of cleaning— and peppers it with even more advantages. While induction cookers are the up and coming front-runners in the field of cooking, the TOSOT Induction Cooker stands above the rest in terms of number of advancements. It has a simple, slim, elegant design and a long list of features that keep its expert and novice users and their families in mind, making it revolutionary for meal-making and a surefire way to kick off the road to cooking proficiency. You may not cook as well as Gordon Ramsay or Jamie Oliver even with the TOSOT Induction
Cooker, but you definitely will feel like an expert with these five amazing features:
1. It has a beautiful digital display and touch control panel From smartphones to tablets, touchscreen has been the current technological trend so far. Now you can cook with pride, knowing full well that even your induction cooker has a sleek display, user interface, and is smooth to the touch, giving you access to a wide variety of options.
2. It’s resistant to boiling and overheating Using magnetic currents to directly heat pots and pans instead of igniting a fire on the cooktop or turning on the electric stove, the TOSOT Induction Cooker is an overall more efficient tool to use in the kitchen. You can even crank it up and place your skin against it and nothing will happen. But while your skin won’t burn, the pots and pans will be extremely hot. Other induction cookers aren’t so lucky with extremely hot pots and pans. It is unfortunate to see the induction cooker break by the very thing it superheated. Luckily, the TOSOT Induction Cooker is much more resistant, allowing you to cook to your heart’s content.
3. It keeps kids from hurting themselves If you want to teach your kids how to cook, then sadly, the TOSOT Induction Cooker is not the right tool for the job. With its safety features and child lock design, this state of the art induction cooker cannot be tinkered by children. It may not be fun for the kids, but it is definitely fun for you while you cook with confidence knowing that your kids can’t break it or, unlike with other types of cookers, burn the house down.
4. It has presets, so you can live your chef dreams Soup, double stewed soup, porridge, chaffy dish, barbecue, and stir-fry. These six cooking presets allow you to be the experimental chef you have always wanted to be. You can make an entire Christmas feast using only the innovative TOSOT Induction Cooker.
5. You get freebies! Who doesn’t like freebies? When you purchase a TOSOT Induction Cooker, you also get a free stainless steel cooking pot and non-stick frying pan for all your cooking needs. The cooking pot and frying pan is resistant to heat, giving you that added layer of safety and certainty when cooking. This is especially helpful for new restaurant owners. While there are many more useful features, the TOSOT Induction Cooker is perfect for novice and expert chefs, restaurant owners, and home cooks. This induction cooker is a must have, and kitting your kitchen with this beauty is will just kick your culinary adventure into high gear.
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As we close in on the year 2020, many individuals in the oil and gas industry are conducting research and nigh endlessly studying about how they can improve their efficiency, work ethic, output, and overall morale. That having been said, here are their findings and gradually growing trends that are prospected to be realized next year. Here are some of those findings: Firstly, the United States of America made over 15.3 million oil barrels every day in the year 2018, which meant America was, at that point, the top producer of oil in the entire world last year. Coming from this finding, the question then is: how can the oil and gas indus15
COVER STORY
try keep up with such a massive supply and demand? To answer this question and prepare the industry for the year 2020, we must take a step back and revisit oil energy in 2018 and thoroughly scan the oil and gas industry’s performance this year, as well. If there is one thing certain, it is that the oil industry is constantly evolving. Prices, for instance, are constantly shifting from high to low. Like liquid, companies are always adapting to the energy market. It is fortunate then that investors in the chemical industry have seen an upward growth margin over the past couple of years. That having been said, a bright idea may be to anticipate a potential decrease in pace in the future. The good news is the economic downturn of the oil and gas industries in 2014 is a thing of the past. In fact, the oil markets have convalesced exceptionally well. This is thanks in major part to a few happenings, including: The successful treaty between those who are and are not part of the Organization of Petroleum Exporting Countries; less oil production from competitive markets; and strong demand for oil across the globe, among others. Luckily, the natural gas liquid industry saw positive growth in 2018 as well, due to the Permian Basin manufactured an extra 2 million barrels per day last year. In 2019, things became a little different. Performance of the industry fell back a bit compared to last year. To start, there were a number of oil explorations this year. According to a survey by the audit company Deloitte, there is hope for a full recovery for the oil and gas sector this year from the huge turnaround in terms of financial growth, gas prices, and investment returns for the oil industry right now. With how much the oil and gas sector has risen all throughout the globe, there have only ever been a few risks presented from other countries that export oil. As the oil and gas industry licks its wounds from the infrequent market, there have been several factors that point to an overall upswing, such as: Increased employment opportunities for American citizens; higher business investments in the oil and gas industry; stabilized prices 18
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There is hope for a full recovery for the oil and gas sector this year from the huge turnaround in terms of financial growth, gas prices, and investment returns for the oil industry right now.
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With the climbing price of consumer goods and the swollen cost of conducting business in the steel industry, there could be a disruption in future supply chains.
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COVER STORY
throughout the year so far, among others. There has also been an increase of financial resources for the gas industry. This is because of tax cuts and improved government spending, which denotes that the oil market will continue to grow in 2020, despite the current taxes on the sector. Thus, with the climbing price of consumer goods and the swollen cost of conducting business in the steel industry, there could be a disruption in future supply chains. This means that, come the year 2020, the biggest oil and gas trend to keep a lookout for is profitable returns for investors due to the exceptional
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recovery of the price of consumer goods and cash flows last year. That being said, the only thing that investors have to worry about is how profitable their returns will be. In spite the fact that the oil and gas industry was in a massive downward spiral several years ago, there have been colossal upsurges in capital high-grading and cost containment recently. Not to mention a rise in the efficiency of operations too. One should also expect to see: A rise in the importance of infrastructure in the oil industry, a major comeback of the natural gas sector, a move towards sustainability in the oil, gas,
and chemical markets, and an emergence of high-tech advancements in order to ease the lives of the oil and gas industry workers. In regards to the oil industry of 2020, one should note be surprised when there is an upward movement and greater emphasis in the importance of infrastructure. Bigger process facilities, underground pipelines, and storage building, among other innovations, will be more to the value chain of the oil and gas industry. Another 2020 oil market trend that one should be aware of is the return of the natural gas sector and its potential to church out the most valuable resource for low-carbon power generators To conclude, prepare to see a spectacular move towards sustainability in the oil, gas, and chemical markets in 2020 in order to create a greener earth. Despite the fact that the oil, gas, and chemical
industry always faced challenging in terms of penetrating the sustainability market, its attempts and journey to be more environmental is commendable and honourable at best. This is great news for each environmentalist in the globe as the figureheads of the oil and gas industries are beginning to invest in renewable, low carbon energy companies and slowly but surely forego their planet-deteriorating products and practices. As we move towards the year 2020, we must remember that the oil and gas sector is world-renowned tor its technological innovation and its potential for growth. -end-
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NEWS
Bitcoin Mining Reduces Oil Companies Carbon Footprint The world is waking up to the environmental damaged caused by the human race. With the clock ticking, more innovation and ideas are needed to contribute in mitigating harmful gases and reducing our carbon footprint. So, it is nice when something that often divides opinion such cryptocurrency can do good for everyone. In this instance, Bitcoin mining has the potential to reduce the carbon footprint of oil drilling companies in remote locations. These developments may not only help the planet, they could also forward the cause for crypto in new ways and see an even faster rate of the number of people wanting a Bitcoin wallet from trusted providers like Luno and/or signing up to a crypto exchange. What Is the Problem? Although we need a world that runs off renewable energy sources, the truth is that making that happen is not easy when the infrastructure to obtain traditional sources of energy (such as gas and oil) is already in place and so much cheaper. When the oil is extracted from the ground, a bioproduct is also extracted known as natural gases. This gas is wasted because drilling firms do not know what to do with it or how to get it to buyers within budget. Instead, it is released into the atmosphere (within their legal limit) and it harms the environment. The biggest problem here is not that the gas cannot be recycled and used for something else, but the problem is that oil drilling usually occurs in remote locations. Transporting this bioproduct is not possible to oil drilling companies because they 34
have not developed the logistics to do so - and because it is cost inefficient to accomplish. Bitcoin Mining as the Solution Getting this natural gas to buyers is proving impossible, but you could always bring people to these drilling locations to take the gas from them. This helps the drilling company because they can operate easily within their legal limit of gas flaring (releasing it into the atmosphere). No company is going to travel to remote locations collect the gas and travel back to their company with it, but Bitcoin mining farms could head to these locations and set up camp alongside drillers to utilise the gas they would have released. The gas will then be used to power mining farms, which not only saves on energy like electricity, but it does have a subtle side benefit. Many crypto fans have vented frustration that Bitcoin mining has become a centralised activity in an industry built on decentralisation. By spreading mining operations out across the same remote locations where oil firms are working, it could re-decentralise crypto mining. Overall, the idea benefits oil firms, the crypt community, Bitcoin miners and the whole planet. Final Thoughts Since the release of Bitcoin as a method of peer-to-peer payment, nobody could have expected how many altruistic and environmental uses it has enveloped its way into. More innovation and ideas like these can help promote crypto and its uses to a mass audience.
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Industrial Wax Market to Reach USD 12.95 Billion by 2026 | Reports And Data Industrial Wax Market Size - USD 9.53 Billion in 2018, Market Growth - CAGR of 3%, Industrial Wax industry Trends- progressive increase in demand for coating of commercial products The growth of the market is governed by various factors such as growing demand from cosmetic industry The industrial wax market is expected to reach USD 12.95 Billion by 2026, according to a new report by Reports and Data. Industrial waxes are solid substances that melt and transform into a liquid state at slightly higher temperatures. Various types of waxes are available in the market, such as bio-based, fossil-based, and synthetic waxes. Industrial wax display excellent properties and thus, find a broad range of applications in pharmaceutical, packaging, plastics, cosmetics, 38
candles, and other sectors. Enhanced demand from the personal care industry, cosmetics, and personal care industries are observing visible growth worldwide because of the rise in consumer interest for personal hygiene and beautification products. Industrial wax is utilized in cosmetic and personal care product formulations to improve the thickness and texture of these products. Various types of wax are being used in several cosmetic products. With the rise in demand for personal care products, several companies are coming ahead to supply wax to provide to the needs of the personal care and cosmetics business. North America is the most advanced market for industrial wax, owing to the availability of higher quality of infrastructure and technology. The region is also commencing in product innovation
along with research and development for industrial wax. The North America industrial wax market is expected to rise with a CAGR of 3.9% during the forecast period.
Various players are developing strategies to mark their presence in the industry.
Further key findings:
Rising per capita income has observed more consumption of the product, which has encouraged the growth of the market. The accelerated increase in demand for color candles is also impacting the growth of the market.
• The Industrial Wax Market is estimated to reach USD 12.95 Billion by 2026, at a CAGR of 3.8% during the forecast period. • The application in candles accounted for the largest share of 25.3% of the market in 2018. • The online sales channel segment accounted for a larger share of 62.8% of the market in 2018. • The synthetic based type is expected to witness the highest CAGR of 4.1% during the forecast period. The largest share is accounted by the Asia Pacific region with the share of 29.3% of the market in 2018 due to the generation and consumption of packaging products, candles, and coatings. Countries such as India, China, and Japan are among the principal markets for packaging, coatings & polishes, candle making, and tires & rubber. The growth led to accelerated industrialization, growing demand from various applications, and increasing government spending.
The increasing needs for colored and scented candles are broadly considered among the most significant factors when buying candles. The Key players in the Industrial Wax Market include The Blayson Group Ltd, HCI Wax, The PJSC Lukoil Oil Company, Exxon Mobil Corporation, The International Group, Inc., Numaligarh Refinery Limited., Sasol Limited, Royal Dutch Shell Plc, Petróleo Brasileiro S.A., and China Petroleum & Chemical Corporation.
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NEWS
Weatherford Will Provide Industry Voice On “Developing Capabilities for the New Energy Economy” Weatherford International plc (OTC-PINK: WFTIQ) announced it will showcase its bestin-market oilfield technologies for directional drilling, managed pressure drilling (MPD), single-trip completions, production optimization and automated connection integrity at the 2019 Kuwait Oil & Gas Show and Conference to be held October 13 to 16, 2019 at the Kuwait International Fair (KIF) in Mishref. On Wednesday, October 16th from 10:45 a.m. to 12:15 p.m., Weatherford will present on “Developing Capabilities for the New Energy Economy.” The program will look at the current state of oilfield service operations and make a compelling case for why the future of the industry depends on embracing automation and digital transformation. During the show in Weatherford booth 6232, guests can see physical models of the industry-leading rotary steerable system, Magnus, and the industry’s most disruptive tubular-running technology, Vero automated connection integrity. In-booth presentations will be ongoing for the company’s marquee drilling, well construction, completions and production technologies, including: - Vero® automated connection integrity replaces 42
human judgment with artificial intelligence, - TR1P™ single-trip completion system sets a new precedent in deepwater completions, - ForeSite® production optimization platform brings Production 4.0 capabilities to the oil field, - Magnus® rotary steerable system delivers high-performance, precise directional control, and - Victus™ intelligent MPD achieves unmatched safety and cost savings through an end-to-end MPD solution. For a complete look at the Weatherford product line-up for the 2019 Kuwait Oil & Gas Show and Conference as well as a link to the official show website, visit: https://www.weatherford.com/en/about-us/tradeshows-and-events/kuwait-oil-gas-show-and-conference-(kogs)-2019. About Weatherford Weatherford is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. The Company operates in more than 80 countries and has a network of 620 locations, including manufacturing, service, research and development, and training facilities and employs more than 24,000 people.
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MIDDLE EAST NEWS
24TH World Energy Congress Concludes with Celebration of Innovation & Entrepreneurship Dmitry Kozak, Deputy Prime Minister of the Russian Federation,and Alexander Novak, Minister of Energy, Russian Federation, announce Russia’s hosting of 25th World Energy Congress in 2022 The need for courageous entrepreneurship to tackle tomorrow’s key energy issues, using 5G to stimulate a drive towards sustainability and how collaborations can lead to faster, better and cheaper energy were among the issues addressed during the fourth and final day of the 24th World Energy Congress. Maintaining the momentum of the previous three days of high-level discussions, the closing sessions at the World Energy Congress welcomed some of the UAE’s highest profile business leaders as well as distinguished industry figures, exciting young thinkers and government ministers under the theme of ‘Innovation: The pathway to prosperity”. Thursday saw extensive debates covering issues critical to the future of energy production, supply and distribution and how bold entrepreneurship can shape the culture of innovation needed in rapidly changing world.
UTILIZING ADVANCES IN COMMUNICATION TO DRIVE SUSTAINABILITY The day’s keynote speech saw Khalifa Hassan Alforah Alshamsi, Etisalat’s Group Chief Corporate Strategy & Governance Officer, explain how the newest generation of mobile technology can be harnessed to promote sustainability in the energy sector. His address, titled ‘Leveraging 5G to drive sustainability and enable innovation in the energy sector’ outlined how improved 46
communication between individuals, companies and entities, including greater access to information and better utilisation of the internet, can boost the ongoing drive towards sustainability. Mr Alshamsi said: “5G is a new piece of technology that can revolutionise new industry. It is not only about speed but yes it will be phenomenal for VR and AR experiences. “5G is a fundamental tool that will benefit cities, countries, factories and refineries because 5G is the cornerstone for industry and key for the future of digital. “To make the most of what 5G can offer, it is all about collaboration and innovation. This will not happen by just sitting down in the office. We have to connect our minds together and have to experiment. We can do anything if we have the will,” said Mr Alshamsi.
EMPOWERING TODAY’S ENTREPRENEURS TO SOLVE TOMORROW’S PROBLEMS As well as bringing together key figures from the energy sector, World Energy Congress also supports and inspires the leaders, innovators and thinkers of tomorrow. The session ‘Start-up Energy Transition: The power of the bold’ saw a panel of experts, among them the winners of this year’s Start up Energy Transition Award, debate, discuss and predict the most pressing energy challenges the world will face in years to come. Marwan Bin Haidar, Executive Vice President of Innovation & The Future, Dubai Electricity and Water Authority (DEWA), joined the delegates to consider the new business models, technologies
and ideas that will be at the forefront of the industry’s ongoing transition.
to discover the next global game-changing idea or invention for the energy sector.
Mr Bin Haidar explained that all companies must “innovate or stagnate” and that incorporating brave and bold new ideas developed by start-ups is key to a successful future for established firms.
An interactive, energetic and highly engaging event, the SET finalists were challenged to outline the benefits of their idea, its practical uses and why investors should get behind them as part of a professional pitch.
“The company receives new, bold ideas and solutions while the start-ups can benefit from years of experience and understanding of the industry,” said Mr Bin Haidar. “In this way, everyone benefits.” Andreas Kulmann, Chief Executive of the German energy company Deutsche EnergieAgentur, echoed Mr Bin Haidar’s comments adding that for start-ups “being bold is one thing, but being smart is another”. “Discovering what is important for all partners and what is important for the market can be difficult, but if start-ups are smart, bold and very well prepared to grow and develop collaboration, they and their partners will flourish,” he said.
FINDING SOLUTIONS THROUGH CREATIVITY, PASSION AND VISION At the session ‘Pitch perfect: Best of the Start-up Energy Transition (SET)’ Michele Fiorentino, Chief Investment Officer, ADNOC, joined a panel of judges to consider the ideas set out by SET finalists
Start Up Energy Transition (SET) is a global innovation platform supporting disruption in energy transition. Selected from a total of 450 applications from 80 countries, 10 startup finalists pitched their innovative ideas to stakeholders, investors and members of the business community. Included in the final 10 were Germany-based zero emissions company ONO, and home renewables business DC Power Company Limited from Australia. “Improving urban mobility while facilitating faster delivery of goods is ONO’s aim,” said Veronica Louis, ONO’s Chief Communications Officer. “Our Pedal Assisted Transporter (PAT) improves access in crowded cities and boroughs while also reducing emissions, pollution and congestion.” Emma Jenkins, Co-Founder and CFO at DC Power Company Limited, explained how the company places households with solar panels at the centre of 47
today’s power transition. “Individual households will be able to trade energy with the market resulting in an increased transition to renewables,” she added.
CELEBRATING 4 DAYS OF INNOVATION AND COLLABORATION The closing plenary of the 24th World Energy Congress celebrated the event’s achievements and successes as well as reflecting on the innovative ideas and bold solutions that were formulated over four impactful days. Dr. Christoph Frei, Secretary General & Chief Executive Officer, World Energy Council, moderated the final plenary of the week that celebrated the achievements of the first World Energy Congress to be held in the Middle East. 50
Speaking in front of an assembled audience, His Excellency Suhail Mohamed Al Mazrouei, UAE Minister of Energy and Industry, said the previous days were an important step towards helping to reshape the future of the energy industry. He said: “It has been an excellent World Energy Congress and the overall result of the discussions between ministers of the governments have led to an excellent outcome. We have agreed that all of us are committed to reduce the emissions that we produce and make sure that we can all work together to help serve the whole industry well. “It is also important to understand that any type of energy is going to help us going forward. We have to make an impact so that in the future, we have cleaner air and water that will benefit the world.” Joining H.E Al Mazrouei on stage was Alexander Novak, Minister of Energy, Russian Federation. As hosts of the next World Energy Congress in 2022, Mr Novak said Russia will embrace the opportunity to build on Abu Dhabi’s success in
hosting the energy industry’s flagship event in three years time. Mr Novak said: “I would like to invite all those present here to attend the Russian Energy Week as the perfect opportunity to follow up on the achievements of the World Energy Congress in Abu Dhabi.
Undersecretary of the UAE Ministry of Energy and Industry and Chair of the 24th World Energy Congress, addressed the audience for the final time and outlined the importance of staging the 24th World Energy Congress in the region and the impact it will have on the Middle East and UAE for years to come.
“Major trends in the industry including the need to modernise production, capacity and grid management, the need for huge capital investment in the sector, for AI, for improved efficiency, the renewables and hydrocarbon mix and much more have all been discussed at great length by leading experts right here in Abu Dhabi at the 24th World Energy Congress.”
He said: “In the past few days we have had the opportunity to examine a wide range of issues impacting our industry. We have delivered a diverse mix of energy leaders and practitioners from around the world.
DR MATAR HAILS STAGING OF 24TH WORLD ENERGY CONGRESS His Excellency Dr Matar Al Neyadi,
“Representing all forms of energy, they have been united in their mission. This Congress agreed that our collective thinking, collaborative strategies and concerted efforts will lead us to our goals. “It has been a pleasure to work with the World Energy Congress and it will be our pleasure to work 51
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with our Russian colleagues to build on this success and make sure that the 25th edition will be another exceptional event.”
WORLD ENERGY COUNCIL’S CHAIR ADDRESSES AUDIENCE FOR LAST TIME The 24th World Energy Congress brought to an end to Younghoon David Kim’s role as the Chair of the World Energy Council. Mr Kim addressed the audience of business leaders and industry figures from around the world for the final time before thanking them for their support. He ended his speech by handing over his role to Jean-Marie Dauger, who will officially take over as the chair of the World Energy Council.
RUSSIA DEPUTY PRIME MINISTER INVITES EXPERTS TO 25TH WORLD ENERGY CONGRESS IN 2022 Dmitry Kozak, Deputy Prime Minister of the Russian Federation, flew into Abu Dhabi and personally invited the thousands of global experts to the next staging of the World Energy Congress in 2022. The audience witnessed a presentation that highlights the vision of Russia and the energy sectors and what to expect three years from now in St Petersburg. Mr Kozak said Abu Dhabi has set the benchmark for success, but Russia will strive to exceed expectations at the 25th World Energy Congress while building on the solid foundations that have been laid by the UAE capital over the last four days.
FAREWELL SPEECH FROM UAE’S MINISTER OF ENERGY AND INDUSTRY H.E Al Mazrouei, Minister of Energy and Industry of the UAE, took the opportunity to express his gratitude for the thousands of attendees that travelled to Abu Dhabi as well as the support of all the sponsors that helped stage one of the most important Congress’ that the UAE has held. He said: “We are very proud of what we have done in Abu Dhabi and we are going to work with Russia as one team through the World Energy Council to deliver a better and more inclusive World Energy Congress in 2022. “We have seen great interaction between young and inspired entrepreneurs of all industrial companies this week. We have learnt a lot this week and we are promising that we will improve our policies and continue to upgrade to ensure the future is bright for all generations, not just here in the UAE but all around the world.”
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MIDDLE EAST NEWS
Ten Innovativev Solutions of Social Incubator Program in Abu Dhabi Rewarded AED 4.4 Million Investment to Support People of Determination Ma’an announced today the ten winning teams in the first cycle of the Ma’an Social Incubator program. Ma’an is part of the ‘Ghadan 21’ accelerated development programme designed to spur diversity and growth in Abu Dhabi’s economy to make it one of the best places in the world to do business, invest, live, work and visit. The winning projects include a mobile app that helps convert text to sign language and another that helps people with visual impairments to navigate their surroundings through sensors and visual recognition. Among the winners of this year’s edition, six teams were local, while four teams were international. The event this morning announcing the ten winning projects was attended by His Excellency Sheikh Abdulla Bin Mohamed Al Hamed, Chairman of Department of Health; His Excellency Dr. Mugheer Khamis Al Khaili, Chairman of the Department of Community Development; His Excellency Abdullah Abdulali 58
Al Humaidan, Secretary General of Zayed Higher Organization for People of Determination; His Excellency Hamad Al Dhaheri, Director General of the Social Support Authority; and Her Excellency Salama Al Amimi, Director General, Authority of Social Contribution - Ma’an. The Ma’an Social Incubator program is the first of its kind in the region, with each of the ten teams eligible to receive funding up to AED 200,000 released at every successful milestone the participant reaches, as well as support for living and housing expenses for non-residents of Abu Dhabi. The program aims to support and develop innovative social concepts and start-up projects so they may become social institutions or civil facilities with an active role in helping people of determination in facing challenges in their communities, offering them solutions that improve their quality of life and achieve their ambitions. The Ma’an Social Incubator program also provides the necessary and specialized support needed
for these projects to be sustainable, offering the guidance and tools needed for growth, including financial and moral support, as well as office space, business expertise and access to possible investors. Since launching the program in May earlier this year, 130 ventures applied for the Ma’an Social Incubator program from as far afield as Brazil, Denmark, France, Nigeria and India. Later in August, a shortlist of 25 nominated teams were invited to pitch their solutions before a panel who came together to decide on the final ten winning teams. The teams will have the opportunity to test their social start-up ideas and gain an in-depth understanding of the market, in addition to attending a series of plenary workshops and receiving mentor advice that will help them develop their idea into a product or service, beginning in September and continuing for 16 weeks. Ma’an was established in February 2019 by the Department of Community Development in Abu Dhabi with the aim of bringing together the government, the private sector and civil society to support a culture of social contribution and participation. The authority will deliver solutions for social challenges with four main pillars of work – a Social Investment Fund, a Social Incubator Program, Community Engagement Programs and the introduction of a new type of public contracting, Social Impact Bonds. Ma’an seeks to reinforce the culture of giving in Abu Dhabi, and establish the volunteering needs of the community, aiming to make us of the currently available social volunteering opportunities and initiatives, as well as contribute by generating new opportunities. Her Excellency Ms. Salama Al Ameemi, Director General of Ma’an said: “We are absolutely delighted with the incredibly innovative ten solutions that have been awarded a place in the Ma’an Social Incubator program, and are now fully focused on helping the entrepreneurs to make their dream become a reality. “These social start-ups will contribute towards establishing sustainable social solutions for people of determination and raising their standard of living in Abu Dhabi and the UAE in general,
with an ambition for global impact in the future. This is a hugely important phase in our first incubator program, and we are very much looking forward to working with the committed and passionate people leading each of the start-ups, making their concepts and projects a reality.” The program offers unique and valuable networking opportunities for the teams to build relationships with individuals outside of the program, including investors, third sector leaders, industry figures, and decision makers in specialized fields regionally and internationally. Ma’an will also host ‘demo days’ to present the concepts of the ten winning team organised for review and evaluation, as well as to leverage funding from investors.
The 10 successful start-ups are: 1. Accessible Ad: Platform for information, expertise, training and support to ensure effective accessibility for People of Determination in Abu Dhabi 2. The Butterfly Foundation: Advocacy agency to bring support and empowerment in the hands of People of Determination in Abu Dhabi 3. The Camp: Inclusion-safe, seasonal, mobile sleepover camps for Children of Determination in the UAE 4. I Hear You: Mobile app that enables communication from text to sign language and vice versa 5. Inclusive: Online platform serving as an umbrella for all things inclusion-related in the UAE 6. Key2Enable: Assistive technology empowering People of Determination to use tablets, computers and smartphones with adapted hardware and accessories 7. Martha Edu: Educational smart cards and mobile app to educate hearing impaired children and parents on signing language 8. Ioptyc by Nexart: Solution for people with visual impairment to navigate their surroundings through the use of distance judging sensors & visual recognition technology 9. RAB3I: Social venture offering People of Determination an opportunity to attend recreational activities with a (trained) ’buddy’ who shares similar interests 10. Heroes of Hope: Social enterprise delivering equal opportunities for People of Determination, including recreational activities, work opportunities, and sporting events
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Cable management
Handling and management of surface trailing cables Surface mines using trailing cables should develop, implement and maintain a Trailing Cable Management System. The trailing cable management systems should address, as a minimum, selection criteria for trailing cables addressing application and intended use, and standards for the operation of trailing cables.
T
railing cables carry large amounts of electrical energy when supplying surface mining equipment, including pontoon pumps, draglines and shovels at voltages from 415V to 22kV. That is why there is need for raising awareness of potential hazards from principally high voltage trailing cables at surface mines. It is vital to for mining companies to pay attention to potential hazards, sources of cable damage and recommended practices.
Potential Hazards Machine operators have a higher potential of injury from trailing cables as they are among those most exposed to the cables while they are energised. Potential hazards from surface trailing cables include: • Uncontrolled release of energy from arcing caused by insulation failure, and explosion due to pressure rise inside apparatus for example plugs, caused by insulation failure. This could result in severe burns or being hit by projectiles; serious and potentially fatal injuries. • Indirect contact with electricity, where a person receives an electric shock, not from direct contact with a live conductor, but by touching a part that is energised under fault conditions, such as receiving an electric shock after touching the outer sheath of a cable - the shock due to leakage current to the outer sheath caused by insulation failure. Potential outcomes include electric shock, burns and death. • Direct contact with electricity, where a person touches an energised conductor in the cable, such as a person contacting with the receptacles inside an energised plug or touching a conductor inside a damaged cable. Potential outcomes include electric shock, burns and death. • Fire, such as a damaged or faulty cable catching fire, which subsequently spreads to other equipment or the surroundings. • Internal energy sources - biomechanical energy, such as excessive forces placed on the body through manual tasks. Potential injuries include sprains, strains and permanent disablement. 52
• • • •
Exposed electrical conductors in cable after rock impact
Typical sources of cable damage Typical sources of cable damage include: Machinery damage Machinery including dozers, cable tractors, graders, light vehicles and lighting plants driving or being towed over cables Machinery striking cables e.g. grader blades, trucks with bodies up crossing under bridges Draglines set shoes down on cables and draglines/drills/shovels propel over cables. Soft ground causes machine to sink and contact the cable Cable tractor engagement tools catching on cables • Falling rocks from spoil piles, buckets swung over cables and flyrock strike and damage cables • Termite/borer damage • Excessive strain from pulling too much cable in one drag, towing excessive cable loops and debris caught on cables. Over tensioning cables can cause corkscrewing and damage earth conductors • Operating inside the minimum design bending radius will damage the cable and reduce its service life, (check manufacturers guidelines for specific
data) Wear to plugs and cable from chaffing while being towed Water ingress into plugs from damaged plug seals or plugs left unsupported on the ground Poor repair standards with repairs failing under service conditions Cable sheaths torn and punctured by sharp objects such as rocks, cable protection pipes, and dragline tub hooks, with pin holes from sharp rocks and redundant drag/hoist and dump ropes allowing water and dirt ingress.
Recommendations Surface mines using trailing cables should develop, implement and maintain a Trailing Cable Management System. The trailing cable management systems should address, as a minimum, selection criteria for trailing cables addressing application and intended use, and standards for the operation of trailing cables including: • Regular inspection including in-situ visual inspection by machine operators • Regular testing, maintenance of test records, defining life cycles for each cable application and defining measures to monitor and measure life cycle criteria • Route criteria including support measures where applicable, methods and heights for crossings, identification measures for cables, location of cables in proximity to roadways, protection measures required where it is necessary to swing over the top of cables, construction of adequately sized rock drains and vehicle crossings • Methods for relocating cables and providing adequate equipment for the task, for example cable reelers and relocators Read more of this article ambriefonline.com Source: Mine Health and Safety Guidelines from Queensland Mines Inspectorate, Australia, and adopted for African Mining Brief January - February 2019
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Hyundai Motorsport Set to Go Electric Hyundai Motorsport has begun work on an electric race car, heralding a new era of motorsport for the company
Hyundai Motorsport has begun work on its first ever electric race car in an exciting new project that will herald a new motorsport era for the company. The car, which has been designed and built at Hyundai Motorsport’s headquarters in Alzenau, Germany, will break cover for the first time on September 10, the media day of the International Motor Show (IAA) in Frankfurt.
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The move to electric continues the growth of Hyundai Motorsport, which has become well established in rallying and circuit racing since its inception in 2012. The multiple rally-winning WRC team, now in its sixth season, is currently leading a closely fought Manufacturers’ Championship. The company also boasts a successful Customer Racing division, established in September 2015, which has developed the competitive i20 R5, i30 N
TCR and Veloster N TCR cars that have between them claimed victories and championships in motorsport series around the world. The first glimpses of the new car can be seen in videos published on Hyundai Motorsport’s Social Media channels, offering a hint of what is to come at the official reveal next month. Mirroring the move towards hybrid technology and electrification in the automotive industry, motorsport has also ventured into new territory in recent years with the introduction of electric and hybrid series and regulations. This exciting new chapter promises to showcase Hyundai’s high-performance
capabilities, its green technology credentials and its unwavering passion for motorsport. “A new era is dawning at Hyundai Motorsport. For many months, our team in Alzenau has been working hard on an exciting electric vehicle and soon we will be able to share the fruits of these labours,” Andrea Adamo, Team Director said. “It promises to be a new chapter for our company, a natural extension to our motorsport activities, one that links closely to the current trends and innovations in the wider automotive industry.
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12V Waterproof Actuator One of the distinctive advantages of the waterproof linear actuators is undoubtedly their simple design
increases the resistance of the product to disadvantageous factors. Waterproof electric linear actuators of Progressive Automations manufacturer can be used for the various types of sea works. This can be a shipbuilding industry where this technology may come in handy for the construction of automated boat hatches that of military submarines where they can be responsible for the pressure control which is essential for the submarines’ operability. There are three basic types of water protection: • IP54 – provides protection against water splashes penetration from all sides; • IP65 – prevents the penetration of water flows inside the case at any possible angle; • IP67 – with such protection the device is capable to function when fully submerged under the water.
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lectric linear actuators are the mechanisms, the core task of which is the transfer of force from the control device to the executive one. Linear actuators vary in the way they transfer their energy. At the same time, the object controlled can be driven by a rotational or linear motion action. One of the distinctive advantages of the waterproof linear actuators is undoubtedly their simple design. Due to this, actuators have an impressively long-lasting life service, in addition, they do not require regular maintenance and are unpretentious to the conditions. Simple execution allows using devices even in unfavorable climatic conditions. Depending on the manufacturer, models may have additional protection that
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For example, PA-06 linear actuator model of Progressive Automations has the IP67 water protection meaning that this device is really capable to function even when fully submerged into the water and even when being at a significant depth. The minimum technical specifications of such waterproof electric linear actuator are the following: stroke – 2 inches, force – 22 Ibs, speed – 1.38 inches/sec, whereas the maximum technical specifications are like this: stroke – 24 inches, force – 180 Ibs, speed – 0.47 inches/sec. Customers can choose technical specifications so that they could adjust their waterproof linear actuators according to the needs of performance wanted. The PA-06 electric linear actuator of Progressive Automations is capable of working under the harshest conditions and withstand water, and other potentially unwanted liquids, however for short periods of time. This high-rated quality makes this kind of electric linear actuators to be the most popular choice for marine engineering. Such actuators
are capable to work within -20 to +60 °C temperature window. The warranty covering this electric actuator lasts for 18 months since the purchase. This linear actuator is mounted with the help of BRK-06 mounting brackets that make the installation process extremely easy. Furthermore, this kind of electric actuators is compatible with a whole range of control systems and control boxes transforming the operation process into a pleasure. Control boxes allow installing electric linear actuators of high water protection merely everywhere if dimensions are suitable for their installation. Actuators of Progressive Automations all-thetime provide the most effective performance while at the same time they are always reliable. These actuators can easily undergo
the most terrific weather conditions and prove themselves to be the best solution where other alike technologies feel themselves uncomfortable and present poor performance. During long-lasting periods of work under heavy workloads such actuators of Progressive Automations show the highest resistance towards harsh environment conditions. Such type of electric linear actuators can be easily adjusted for various types of work more or less associated with serious humidity and marine implementation. Preferring the waterproof actuators of Progressive Automations customers make their investment into the qualitative and long-lasting technology that will fully justify their expectations.
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yber defences need continuous development. Even the latest cyber protection strategies will have limited lifespans, and cyberprotection obsolescence is a common issue when it comes to protecting a business. The latest updates to your malware and password protection systems will not remain effective if they are not regularly checked to make sure that they remain up to date, and able to tackle the latest cybercrime trends. With new threats emerging regularly, keeping one step ahead of cybercriminals means ensuring that your cyber defenses are as up to date as possible, and that means being aware of the latest
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threats and how to protect your business from them.
Team Awareness The weakest point of any defence strategy is always going to be people. That’s why you need to ensure that you develop a strong culture of security within your business. Enforcing a solid and robust security process is vital if you want to keep your customers, staff, and business safe. Make sure that your team is aware of: • Your defense architecture • Security protocols • Basic security standards Keep these measures updated, and you will be better able to
protect yourself from threat. Updated Software and Hardware Hackers are always looking for an exploitable weakness that they can make use of. That’s why you need to keep your software and hardware updated as much as possible. Those updates are generally designed to deal with specific new threats, so failing to update means that you are exposed to unnecessary risk. Endpoint management is being used by more companies than ever, as it allows for faster recognition of threats from a zero-day standpoint. Cost-effective and automated endpoint management using recognized tools like McAfee can go a long way to keeping your business safer.
Protecting Code
Network Monitoring
Open source code is fast becoming a necessity. This is because demands on developers are too fast for software development to keep up with. Unfortunately, open-source code comes with a variety of challenges in terms of both security and compliance. If your business makes use of open source code, then you need to make certain that you have the available resources and manpower needed to review that code for bugs, licensing issues, and security risks. Failing to do so means exposing yourself to the potential harm caused by allowing malicious actors into your software.
All of the data that your company processes needs to be stringently monitored at all times. It is only through regular monitoring that you will be able to identify the procedures and patterns of safe behavior. This monitoring can be automated with a Security Information and Event management system, but the human element of this monitoring should not be overlooked. Privilege management in terms of access to data is a key element of network monitoring, so segmentation of those privileges is not just an option to consider but a vital necessity in the digital age.
There are just as many ways to protect a business as there are to cause it harm. This means ensuring that your security processes are as tight as possible and get ongoing evaluations. When hackers take advantage of both technological and human weaknesses to gain access to the inner workings of a business, the consequences can be devastating.
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F E AT U R E S T O RY
Food for Thought: These Foods Will Keep You More Focused and Alert at Work The average workday doesn’t just start at 8 and end at 5. It starts long before that with waking up, getting ready, getting out the door, commuting and then it ends in reverse. Staying sharp and focused can be a real struggle for many people, especially engineers. In this article, we’ll show you how to keep your edge all day long no matter what profession you’re in.
Start the Day off Right This does not mean the sugar-laden coffee drinks or the donut cart at the office. It means high protein and nutrient-loaded. Even if you have to grab-and-go something, make it something real and not processed. Eggs, even hard-boiled, are a fast, portable way to get charged without an eventual crash. Pre-packaged portions of cheese are great, too! Keep them in the fridge and grab a few before you head out. Keep some bottled water in there to avoid that detour to the coffee joint. Your brain will thank you later! 74
Mid-Morning Munchies They’re a real thing, aren’t they? Control the urge to reach for yet another cup of coffee and the box of Danish in the breakroom. Keep some nuts or trail mix or some power bars and re-fuel! This is a good time to indulge in some healthy fats like avocados or cheese as well!
Lunch is Not Dinner Whether or not your job requires you to be a desk jockey or a real jockey, lunch isn’t an all-you-can-eat at the trough event. Work potlucks and birthday celebrations can be fun, but they are often heavy on conveniences like chips and dip and greasy, carbohydrate-laden casseroles. Not to mention every kind of cookie and that overly frosted birthday cake. Just remind yourself that getting seconds (or thirds) will leave you hibernating under your desk before you know it! Bring your own food, opting for proteins like chicken, tuna, or even last night’s leftover grilled salmon. Cooking at home using appliances like an electric grill helps to curb the bad fats in your meal and they also taste pretty great too! If you can, sneak away and take a walk outside. Regardless of the weather, a brisk walk to get some fresh air in your lungs can power you through the day!
The Dreaded Slump Here you are at 3 PM with two hours to go and everything on your desk reads like a foreign language. Resist the temptation to spike your
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blood sugar with candy bars and soda and take this opportunity to breathe deeply, stretch, take a quick stroll if you can. If that doesn’t perk you up, grab the kinds of snacks that will keep you alert without the inevitable crash of processed foods and beverages. Cubes of cheese and salami, celery or apples with peanut butter, raw carrots or other veggies, or a handful of berries will keep the Munchie Monster away until your great escape at workday’s end. 78
However, if you must treat yourself, a small microwave bag of popcorn will do in a pinch. So will a few squares of dark chocolate (70 to 85% cocoa). In fact, studies prove that not only does high-quality dark chocolate do wonders for your brain, but dark chocolate has been proven to improve memory and cognitive skills. It’s a win-win, not only for your focus but your attitude – which your coworkers will appreciate!
To Sum Up Regardless of your career ‘lifestyle’, it’s important to be mindful of what you are eating and drinking throughout the workday. Whether you sit at a desk or behind the wheel, work can be stressful. Coworkers can be stressful. But fueling your body with the right foods can keep you performing like the Rockstar your boss thinks you are!
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ON THE BAKKEN’S DOORSTEP Daily direct WestJet flights to and from Calgary Highly diversified industrial and commercial business sectors A large, dedicated, and skilled labour force Full urban amenities and services Birdtail (135) Manson (125) Kirkella (120)
Daly Sinclair (125)
Distances from Brandon, MB
Oilfield Location (km)
Virden (80)
Souris Hartney (70) Regent (80)
Tilston (145)
Pierson (160)
Waskada (140)
Whitewater (95) Mountainside (100) Lulu Lake (105)
High-end oilfield safety certification via Assiniboine Community College Thousands of acres of industrial land Overall business cost competitiveness consistently ranked in Top 10
well positioned
Bakken Oil Report full page ad.indd 1
2019-04-30 10:13 AM
The most important part of any workday is coming home safe to the ones you love.
www.tundraoilandgas.com
Better People. Better Service. Are you having issues with paraffin buildup, H2S or CO2? CFR Chemicals is your answer. • • • • • • •
Solvents H2S Scavengers Amines Glycols Cleaners & Degreasers Methanol Inhibitors
CHEMICALS
LAB SERVICES
TRANS LOADING
1.877.269.3419 www.cfrchemicals.com GREEN OPTIONS
WE STAND WITH YOU.
IFR WORKWEAR IS PROUD TO SUPPORT THE OIL AND GAS INDUSTRY
Since 2005, IFR Workwear has been a strong supporter of our Oil & Gas and Electrical industry. We’ve supplied our oilfield and electrical workers with the highest quality flame and arc resistant workwear and will continue to do so.
www.ifrworkwear.ca The Trusted Leader In Quality Flame & Arc Resistant Workwear
Exceptional products for
exceptional customers
We are a locally
This is a short list of some of the products we sell:
owned and
• New and used hydrovacs, sewer flushers, combo units, straight vacs, dry vacs and septic units.
operated Saskatchewanbased industrial equipment sales firm focused on high quality, service-oriented solutions.
• Hose and fittings including boom hose HP water assemblies, suction and discharge hose, tank truck hose and more. • Rotary, jetting nozzles, guns, lances, Pratissoli and CAT pumps and parts. • Power Up lubricants. • Aluminum and HDPE dig tubes and extensions. • Bonding mat kits. • Inverters. • Hot water pressure wash systems. • Vac system filters. Give us a call today to help you keep your operation working!
306-539-8775
306-543-8775
revolutionequipment@sasktel.net
Regina, SK
www.revolutionequipmentco.com