Archive for January, 2011

Asia’s leading conference and exhibition for power generation, renewable energy and transmission and distribution industries, POWER-GEN Asia and Renewable Energy World Asia, enjoyed a successful conclusion to the three-day Singapore International Energy Week event. This three-day event had a record breaking number of conference delegates.

The event attracted the regions power industry professionals, with almost 6,000 visitors from about 60 countries around the globe and it also involved nearly 700 conference delegates.

Mr. S. Iswaran, the Senior Minister of State for Energy, Industry and Education, provided a good opening keynote for the event. He also informed the delegates about the latest developments in Singapore’s electricity industry and he announced the acceleration of the country’s Liquefied Natural Gas (LNG) terminal expansion.
The conference discussed many issues like future requirements for power generation, financing in light of the current economic conditions, diverse renewable energy solutions and the need for nuclear power in the region to maintain energy security.

Conference director, Nigel Blackaby said that this conference has been the best in the history of POWER-GEN Asia and Renewable Energy World Asia because presentations are of excellent quality and the feedbacks from the delegates were excellent.

Moreover, about 170 exhibitors displayed their latest products, services and technologies in the event. This is the largest number of exhibitors ever in the event’s 18-year history. Like what Glenn Ensor, the Director of International Events at PennWell said, the event has been really successful in attracting the regions power industry professionals. See related article about POWER-GEN Asia and Renewable Energy World Asia at the Singapore International Energy Week.


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US Consultant ODS-Petrodata, the company that provides independent and authoritative source for market intelligence, data, market research and consulting services, predicted that the oil industry will have a shortage of premium jackup rigs by 2015.

The Jackup Rig Market Report: 2010-2018 draws conclusions about the evolution of the market over the past and coming years. This report contains a detailed study of the three distinct categories of rig markets: premium jackup rigs (with independent leg units with rated water depth of more than 300 feet), commodity jackup rigs (with independent leg units with rated water depth of 300 feet or less) and mat-supported units. This report also includes the forecast on how the premium jackup market will reach a potential shortage of units by year 2015.

In this latest report, ODS-Petrodata said that its analysts presented market developments during the rise and fall of commodity pricing and government regulations. It said that their analysis predicts a widening divergence in demand between the premium and commodity jackup rigs which will eventually lead to a possible shortage of premium jackup units by 2015. For more information, see ODS-Petrodata Forecast Report.

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All industries should be aware that failure to maintain the integrity of their vessels, tanks, pipelines, oil and gas infrastructures and other assets has potential side effects on humans, environment and even on the financial aspect of the industry. The industry owner and operators of process plants should understand the importance of asset integrity in order for them to create and follow an effective Asset Integrity Management system.

Asset Integrity Management refers to the strategies and activities intended for maintaining plant assets or equipments to ensure that they remain available, safe and reliable. It includes characteristics of design, operations, maintenance and inspection of the property to maximize return from assets.

At the Offshore Southeast Asia (OSEA) 2010 conference in Singapore which was organized by Singapore Exhibition Services Pte Ltd, Francis C. Minah, the Global Director of Safety and Risk at GL Noble Denton presented an approach to asset integrity management that can help those responsible for asset integrity in high risk areas. In his presentation on “Why does the Industry need Asset Integrity Management (AIM)?” he said that by ensuring major accident barriers are in place and are rigorously maintained, major accidents or incidents can be avoided and mitigated. (to view the complete article, please see GL Proposes “Intelligent Solutions” for Asset Integrity Management).

The importance of effective asset integrity management increases as the industry asset continues to age. When industries maintain the integrity of their assets, they will have smooth operations and few interruptions which means more output and more profits for their operation. In addition, when there is an effective asset integrity management, industries will have safer process plants with less accident; fewer leaks and less damage to the environment and eventually this will lead to enhanced reputation for their organization.

It is very important for industries to focus on Asset Integrity Management. By implementing an effective Asset Integrity Management, industries will significantly reduce serious damage to human lives and to the environment and industries will even have improved business performance.

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