Crude Oil Trading & Price Risk Management provides the knowledge and understanding of the workings of the world of crude oil trading and introduce the complicated concept of hedging, to identify price risk and learn how to manage that risk through the different financial instruments available.
HOW SOUTHWEST AIRLINES ADDRESS THE PRICE UNCERTAINTY ON JET FUEL
This paper we will explain the uncertainty on oil prices and what causes its volatility and how Southwest address this risk utilizing different hedging strategies like buy and sell future contracts and or options.
PetroSync - Oil and Gas Contract ManagementPetroSync
This highly interactive 5 days course will cover all the aspects and form the basis of binding obligations within the oil and gas industry.
Delegates will get an unprecedented insight on how the world’s leading oil and gas companies are handling their contracting challenges, the approach that best practice corporations are implementing and the way this affects the contract professionals.
Using a combination of lectures, visuals, class discussions and real-life case studies, this course will present a logical and systematic approach to effective contract risk management.
This course offers you the key strategies and techniques to appreciably enhance your ability to negotiate better contracts and to better negotiate solutions to the inevitable conflict and (often) disputes that can arise in the post-award contracts environment. This program is designed with leading contract industry knowledge and practical contract negotiation case studies discussion and analysis to provide you with an interactive learning environment.
Role of Enterprise Risk Management in Risk Based CapitalSonjai Kumar, SIRM
This presentation is given in the First South Asian Actuarial Conference held in Colombo on 12th and 13th July 2017.
The presentation is on how does risk management can help in optimizing the capital requirement in the life insurance industry
HOW SOUTHWEST AIRLINES ADDRESS THE PRICE UNCERTAINTY ON JET FUEL
This paper we will explain the uncertainty on oil prices and what causes its volatility and how Southwest address this risk utilizing different hedging strategies like buy and sell future contracts and or options.
PetroSync - Oil and Gas Contract ManagementPetroSync
This highly interactive 5 days course will cover all the aspects and form the basis of binding obligations within the oil and gas industry.
Delegates will get an unprecedented insight on how the world’s leading oil and gas companies are handling their contracting challenges, the approach that best practice corporations are implementing and the way this affects the contract professionals.
Using a combination of lectures, visuals, class discussions and real-life case studies, this course will present a logical and systematic approach to effective contract risk management.
This course offers you the key strategies and techniques to appreciably enhance your ability to negotiate better contracts and to better negotiate solutions to the inevitable conflict and (often) disputes that can arise in the post-award contracts environment. This program is designed with leading contract industry knowledge and practical contract negotiation case studies discussion and analysis to provide you with an interactive learning environment.
Role of Enterprise Risk Management in Risk Based CapitalSonjai Kumar, SIRM
This presentation is given in the First South Asian Actuarial Conference held in Colombo on 12th and 13th July 2017.
The presentation is on how does risk management can help in optimizing the capital requirement in the life insurance industry
Advanced Basin Analysis is key to understanding and identification major basin settings for petroleum prospectivity. It evaluates the potential successful basins in exploration for hydrocarbons.
As compared with the standard Fishing Course, we spend more time studying the downhole “mechanics” of the fishing tools we use to catch the differing varieties of fish in oil wells and why fishing is not often successful first time.
The over-riding aim of the pump and system training course is to reduce the costs associate with owning and running pumps. Organizations spend millions running and repairing pumps. Nine out of ten pumps fails early.
PetroSync - IWCF Well Intervention Pressure Control Level 2PetroSync
The compulsory examinations are : Principles & Producers, Completion Operations, and additional minimum of 1 examination is required from Coil Tubing Operation, Wireline Operations or Hydraulic Workover Snubbing) Operations.
PetroSync - Incident Investigation for Upstream Drilling and Well OperationPetroSync
Incident management starts when the initial emergency response activities are over. Then we must secure the site, secure perishable information, inform stakeholders, and consider quarantine of the site and equipment, maybe issue Stop Work-order and a Safety Alerts.
PetroSync - IWCF Certification Drilling Well Control Level 2PetroSync
This course is designed for people in critical well control positions on drilling installation as well as onshore roles. The candidates will complete an IWCF accredited training course, taught according to IWCF syllabus, in order to prepare them for assessment.
PetroSync - Pre-Commissioning, Commissioning and Start-UpPetroSync
Successful commissioning new or starting-up revised equipment and systems requires meticulous planning, organizing and controlling. Careful methodical, detailed planning – early – is the key to the success of any commissioning.
PetroSync with Mr. Mandar Mulay organizing a 5 days training on ASME VIII Division 1 & 2 - Pressure Vessel Series. ASME VIII Div. 1 is the most commonly adopted code which is simple and used friendly, where as, ASME VIII Div 2 is an alternative code which provides a better engineered vessel with detailed stresses calculations and more rigorous testing, and allows for savings in material costs (thinner parts may be used).
PetroSync - IWCF Certification Drilling Well Control Level 3 & 4PetroSync
This course is designed for people in critical well control positions on drilling installation as well as onshore roles. The candidates will complete an IWCF accredited training course, taught according to IWCF syllabus, in order to prepare them for assessment.
Oil and gas companies handle the most dangerous chemicals and processes across all industries. Catastrophic incidents and casualties are products of the failure to manage process safety. The danger present in everyday operations is evolving thus it is essential to always improve in handling risk and hazard.
PetroSync - API 510 Pressure Vessel Inspector coursePetroSync
The API 510 Certification Preparation is designed to equip the professional with such information and understand the exam format. The course will prepare the professional with both parts of the exam, the closed and open book portion.
PetroSync - Applied Carbonate Sedimentology and GeomorphologyPetroSync
In many carbonate reservoirs, the depositional and facies patterns strongly influence reservoir geometry and continuity. This program will enable you understand the key competencies in carbonate sedimentology which will be key to enhanced interpretation of reservoir systems.
Protecting project interests from possible risks of major financial liabilities has always been a major business concern. Projects must properly been managed by qualitative risk assessment to minimize or to avoid risk occur in a project planning.
PetroSync - API 570 Piping Inspector coursePetroSync
Piping Inspection Code 570 Inspection, Repair, Alteration, and Rerating of In-Service Piping Systems is recognized and used with confidence worldwide. The Piping Inspector Certification Program (PICP) is developed for the continual high level of efficiency and safety through emphasizing professional credibility and process integrity.
This course has been written for Operators, Drilling Contractors and Service personnel who require an in-depth detailed understanding of the causes of stuck pipe (which includes drill pipe, BHA’s, casing, liners and logging tools) and how sticking can be prevented.
PetroSync - Sand Control Completion PracticesPetroSync
One of the objectives of well completion is to maximize productivity with reliable equipment. These objectives are difficult to attain in unconsolidated sand formations due to sand production as a result of stress concentration
PetroSync - ASME B31.3 Process Piping Code Design RequirementsPetroSync
Important code requirements will be explained in a simple, straight forward manner, including the short-cut methods in designing of Pipes, Pipe fitting and Flanges. The participants would be explained in detail the mechanics of adopting and applying the code rules for day-to-day use in their professional work.
Seismic interpretation is a critical step in evaluating the subsurface, as it turns the large investments in seismic data to tangible value to base all E&P decisions. It is essential for explorationists to learn to execute this key skill in their career.
PetroSync - Emotional Intelligence for Effective Work PerformancePetroSync
In order for your organization to tap the potential of its human resources, developing the employees’ capability to think effectively and creatively will be the ultimate goal. They will be able to plan, generate new ideas, make decisions, solve problems etc. with clarity and confidence if given the right fundamental thinking tools. Mind Mapping is a revolutionary method of assessing intelligence developed during 40 years of research by TONY BUZAN. His startlingly innovative MIND MAPS along with his concepts of MENTAL LITERACY have altered the way millions of people approach thinking today. Employees who are able to innovate corporate improvements are those who have learned how to harness the awesome capacity of the human brains.
PetroSync - Technical Report Writing and Presentation Skills for Oil & Gas En...PetroSync
This Technical Report Writing & Presentation Skills three-day course will teach Oil and Gas professionals how to write professional technical reports in a way that will be clearly understood by technical and non-technical readers alike, to ensure the maximum impact for them and their businesses.
The course starts off by building up from the ‘foundations’ of language, in terms of how to improve ‘readability’ and understanding by the readers for the best results. It teaches how to write good sentences and paragraphs.
The LNG market is developing from a fully based market on long-term contracts, to a more flexible market based on a portfolio of contracts of different durations. The increase of LNG demand, fuelled by South Korea, Japan and several other emerging economies, are creating a base for a more flexible market, where the LNG spot market will be playing a key role.
Changes in the LNG market can be identified in the following areas: development of terminals and plant sizes, increased integration throughout the supply chain, diversification of supply sources, increased contractual flexibility and increased geographical distance.This is creating the foundation for the development of the LNG spot market right here in Asia today.
Advanced Basin Analysis is key to understanding and identification major basin settings for petroleum prospectivity. It evaluates the potential successful basins in exploration for hydrocarbons.
As compared with the standard Fishing Course, we spend more time studying the downhole “mechanics” of the fishing tools we use to catch the differing varieties of fish in oil wells and why fishing is not often successful first time.
The over-riding aim of the pump and system training course is to reduce the costs associate with owning and running pumps. Organizations spend millions running and repairing pumps. Nine out of ten pumps fails early.
PetroSync - IWCF Well Intervention Pressure Control Level 2PetroSync
The compulsory examinations are : Principles & Producers, Completion Operations, and additional minimum of 1 examination is required from Coil Tubing Operation, Wireline Operations or Hydraulic Workover Snubbing) Operations.
PetroSync - Incident Investigation for Upstream Drilling and Well OperationPetroSync
Incident management starts when the initial emergency response activities are over. Then we must secure the site, secure perishable information, inform stakeholders, and consider quarantine of the site and equipment, maybe issue Stop Work-order and a Safety Alerts.
PetroSync - IWCF Certification Drilling Well Control Level 2PetroSync
This course is designed for people in critical well control positions on drilling installation as well as onshore roles. The candidates will complete an IWCF accredited training course, taught according to IWCF syllabus, in order to prepare them for assessment.
PetroSync - Pre-Commissioning, Commissioning and Start-UpPetroSync
Successful commissioning new or starting-up revised equipment and systems requires meticulous planning, organizing and controlling. Careful methodical, detailed planning – early – is the key to the success of any commissioning.
PetroSync with Mr. Mandar Mulay organizing a 5 days training on ASME VIII Division 1 & 2 - Pressure Vessel Series. ASME VIII Div. 1 is the most commonly adopted code which is simple and used friendly, where as, ASME VIII Div 2 is an alternative code which provides a better engineered vessel with detailed stresses calculations and more rigorous testing, and allows for savings in material costs (thinner parts may be used).
PetroSync - IWCF Certification Drilling Well Control Level 3 & 4PetroSync
This course is designed for people in critical well control positions on drilling installation as well as onshore roles. The candidates will complete an IWCF accredited training course, taught according to IWCF syllabus, in order to prepare them for assessment.
Oil and gas companies handle the most dangerous chemicals and processes across all industries. Catastrophic incidents and casualties are products of the failure to manage process safety. The danger present in everyday operations is evolving thus it is essential to always improve in handling risk and hazard.
PetroSync - API 510 Pressure Vessel Inspector coursePetroSync
The API 510 Certification Preparation is designed to equip the professional with such information and understand the exam format. The course will prepare the professional with both parts of the exam, the closed and open book portion.
PetroSync - Applied Carbonate Sedimentology and GeomorphologyPetroSync
In many carbonate reservoirs, the depositional and facies patterns strongly influence reservoir geometry and continuity. This program will enable you understand the key competencies in carbonate sedimentology which will be key to enhanced interpretation of reservoir systems.
Protecting project interests from possible risks of major financial liabilities has always been a major business concern. Projects must properly been managed by qualitative risk assessment to minimize or to avoid risk occur in a project planning.
PetroSync - API 570 Piping Inspector coursePetroSync
Piping Inspection Code 570 Inspection, Repair, Alteration, and Rerating of In-Service Piping Systems is recognized and used with confidence worldwide. The Piping Inspector Certification Program (PICP) is developed for the continual high level of efficiency and safety through emphasizing professional credibility and process integrity.
This course has been written for Operators, Drilling Contractors and Service personnel who require an in-depth detailed understanding of the causes of stuck pipe (which includes drill pipe, BHA’s, casing, liners and logging tools) and how sticking can be prevented.
PetroSync - Sand Control Completion PracticesPetroSync
One of the objectives of well completion is to maximize productivity with reliable equipment. These objectives are difficult to attain in unconsolidated sand formations due to sand production as a result of stress concentration
PetroSync - ASME B31.3 Process Piping Code Design RequirementsPetroSync
Important code requirements will be explained in a simple, straight forward manner, including the short-cut methods in designing of Pipes, Pipe fitting and Flanges. The participants would be explained in detail the mechanics of adopting and applying the code rules for day-to-day use in their professional work.
Seismic interpretation is a critical step in evaluating the subsurface, as it turns the large investments in seismic data to tangible value to base all E&P decisions. It is essential for explorationists to learn to execute this key skill in their career.
PetroSync - Emotional Intelligence for Effective Work PerformancePetroSync
In order for your organization to tap the potential of its human resources, developing the employees’ capability to think effectively and creatively will be the ultimate goal. They will be able to plan, generate new ideas, make decisions, solve problems etc. with clarity and confidence if given the right fundamental thinking tools. Mind Mapping is a revolutionary method of assessing intelligence developed during 40 years of research by TONY BUZAN. His startlingly innovative MIND MAPS along with his concepts of MENTAL LITERACY have altered the way millions of people approach thinking today. Employees who are able to innovate corporate improvements are those who have learned how to harness the awesome capacity of the human brains.
PetroSync - Technical Report Writing and Presentation Skills for Oil & Gas En...PetroSync
This Technical Report Writing & Presentation Skills three-day course will teach Oil and Gas professionals how to write professional technical reports in a way that will be clearly understood by technical and non-technical readers alike, to ensure the maximum impact for them and their businesses.
The course starts off by building up from the ‘foundations’ of language, in terms of how to improve ‘readability’ and understanding by the readers for the best results. It teaches how to write good sentences and paragraphs.
The LNG market is developing from a fully based market on long-term contracts, to a more flexible market based on a portfolio of contracts of different durations. The increase of LNG demand, fuelled by South Korea, Japan and several other emerging economies, are creating a base for a more flexible market, where the LNG spot market will be playing a key role.
Changes in the LNG market can be identified in the following areas: development of terminals and plant sizes, increased integration throughout the supply chain, diversification of supply sources, increased contractual flexibility and increased geographical distance.This is creating the foundation for the development of the LNG spot market right here in Asia today.
Gaining Greater Control Over Commodity Planning & Procurement for ManufacturersEka Software Solutions
Consumer Product (CP) and Industrial Manufacturing companies face significant challenges with commodity sourcing and procurement.
Unprecedented volatility in raw material prices is putting extraordinary pressure on forecasts and earnings for companies in the CP, food and beverage, and manufacturing industries.
In this webinar, industry expert Thad Malit, Deloitte, and Eka discuss how to:
- Eliminate the monthly “Spreadsheet Olympics"
- Manage budgets, forecasts, and coverage in real-time
- Run scenario analysis to optimize decision making
Download webinar recording: http://info.ekaplus.com/commodity-planning-procurement-webinar
This 4-day training course offers participants the opportunity to explore these challenges, including hands-on application of industry-standard tools and techniques to assess realistic scenarios and associated data. The essential commercial drivers are held in perspective at all times.
PetroSync - Upstream Petroleum Economics, Risk and Fiscal AnalysisPetroSync
This 3 day course is a practical petroleum economics course that will provide participants with a complete understanding of the use of the techniques of economic analysis and risk analysis as currently practiced in the oil and gas industry. Participants will receive a thorough understanding of the context of economic analysis as well as practical instruction and an appreciation of the analytical techniques used.
PetroSync - Financial Assets Valuation for Oil & GasPetroSync
The Financial Assets Valuation For Oil & Gas course is structured specially for professionals in the oil & gas industry to equip participants with the financial understanding when valuing oil & gas assets.
FX Risk Advisors is the premier consulting firm created to capitalize on the unmet and growing need for companies to identify, quantify, and hedge their foreign exchange exposure. Our combined 40+ years of global market experience provides our clients with unparalleled access to foreign exchange risk management, pricing and liquidity.
We are currently in the midst of one of the deepest downturns in the upstream industry in recent years. Challenging times are ahead for those looking to invest capital and grow their companies in this environment.
Petroleum Economics is all about the allocation of scarce resources. Investment capital is certainly that scarce resource at the moment. In this environment, companies are looking for people to develop highly advanced skills in upstream petroleum economic and financial analysis
Certified international commercial contracts managerITI Institute
The Certified International Commercial Contracts Manager (CICCM) is designed for US and international business practitioners by The International Purchasing and Supply Chain Management Institute (IPSCMI), It is particularly appropriate for those individuals who wish to increase their commercial contracts management skills.
Register today : http://itiinstitute.org/coursesuae/international-commercial-contracts-manager.html
Catalyst are experts in optimising our clients’ balance sheet, reducing the total cost of trading and enabling regulatory compliance. We work in joint teams with our clients, combining our experience in financial markets and programme execution to deliver results. We provide honest guidance to help you succeed. We are Catalysts for enduring excellence
This course provides comprehensive strategies, tactics, examples and tips for everybody involved in marketing and selling lubricants. It gives managers, planners, marketers, salespeople, product developers and support staff the skills required to achieve significant competitive advantages and improved profits. It will also help operational and technical staff understands why their roles are so important. All the trends and future key issues for marketing and selling lubricants will be presented and discussed, on both a global and regional basis.
The general direction of a market or the price of an asset is called a trend.Put more simply, an asset's price or the overall direction of the market movement constitute a "trend" in the financial markets. The market or stock prices will see higher peaks and troughs in succession when they are trending upward.
Chaos Cruncher is the most advanced iteration of an automatic trading system designed, developed and used by Quant Trade. As our leading trading system, we have devised a way to offer it to our clients as a system service, in our Commodity Trading Advisor, or as a desktop application.
Stock Market Course With Placement: Technical analysis, Share Market Institute, Indian Stock Market Courses In India, risk management, and other areas of Best Stock Market Courses In India methods are all covered in-depth in this top-notch program. Additionally, they offer opportunities for practical training that include access to data analytics software, simulated trading environments, and live trading terminals.
Similar to PetroSync - Crude Oil Trading and Price Risk Management (20)
PetroSync - API Specification Q1 9th Edition Quality Management System Traini...PetroSync
This four-days course will provide an informative look at the requirements, interpretations, and practical applications of the quality management principles as based on the 9th Edition of API Specification Q1, Specification for Quality Management System Requirements for Manufacturing Organizations for the Petroleum and Natural Gas Industry.
PetroSync - API 580 & API 581 Risk Based Inspection & Base Resource DocumentPetroSync
The course is based on API RP 580 Risk-Based Inspection and API Publication 581, Base Resource Document. The course first explains feasible means and alternatives for achieving a successful RBI program without undue complications. This course deals with RBI framework and methodology in a simple straight forward manner to establish and implement a risk-based inspection program best suited for the company objectives.
PetroSync - Surface Geochemical Exploration for Oil and GasPetroSync
The great majority of oil and gas pools and mature source rocks have recognizable surface geochemical expression. The O&G industry devotes significant time and resources in finding and defining traps, but little or none in establishing the likely presence of hydrocarbon in those traps, especially for older onshore basins.
PetroSync - Geological Interpretation of Well LogsPetroSync
The richness and immediacy of wireline log data have advanced immensely in recent year — more data, more curves, more acronyms, and are available sooner. There is vital qualitative and quantitative data in the logs.
PetroSync - Chemically Enhanced Water Alternating GasPetroSync
It is know that two-third of the original oil in place are still in the ground. Petroleum companies are looking for techniques to improve sweep efficiency and increase recovery factors. As a result, Enhanced Oil Recovery (EOR) processes need to be carried out. Successful WAG floods can yield 5-20% additional oil recovery over waterflood because of improved microscopic displacement efficiency by the solvent coupled with improving areal and vertical sweep efficiency.
PetroSync - Budgeting and Forecasting in Oil & Gas IndustryPetroSync
Our Budgeting & Forecasting in Oil & Gas Industry shares insight of budgeting and forecasting process, enables fit-for-purpose budgets and business plans to be developed that robustly model complex, but realistic situations in a flexible and auditable manner.
PetroSync - Practical Accounting in Joint Ventures & Production Sharing Contr...PetroSync
Joint ventures allow companies to preserve autonomy, share investment risk and enhance competitiveness. The financial statements of many oil & gas companies can be different in future as a
result of the changes to the accounting for joint ventures, which raises the question of how such changes should be communicated to the investors and other stakeholders.
PetroSync - Exploration & Production AccountingPetroSync
This course provides an overview through the fundamentals of accounting in the O&G industry with focus on different methods for the expenditure capitalization, depreciation & depletion together with fundamentals for accounting for international operations represented by JVs and PSCs.
PetroSync - Drilling Engineering for Non-Drilling EngineerPetroSync
During the first day of this course, the entire drilling process will be discussed. The language of drillers - understanding their terminology. Understanding the abbreviations and acronyms associated with drilling.
Failure investigations are tough rigorous challenges form the best in engineering. This course will teach delegates the range of thinking and subjects, which need to be considered in driving to find the real root cause of a failure.
PetroSync - Acoustic and Flow Induced VibrationPetroSync
Failures of piping systems in the oil, gas and petrochemical industries can lead to damage of assets, personal injury and loss of life. Piping failure can be caused by excessive vibration, in the form of high levels of acoustic energy (AIV), or by flow turbulence (FIV) created by shear forces within the piping system.
The course introduces the participants to modern carbonate environments and explain how the constituents of a carbonate sediment become lithified and changed after deposition to provide potential reservoir rocks.
The course focuses on the practical applications of various techniques and methodologies in well completion --- from the selection of completion type, perforating strategies, fluid selection, and installation of production heads.
This course will concentrate on Offshore Marine Operations and will cover Operational and Managerial requirements for Loadout; Barge Transportation; Towing of Offshore Facilities; Lifting; Steel Jackets; Gravity-Based Structures; Lift-Off, Transportation and Inshore Mating of Topsides; Offshore Pipelines; Marine Operations Overview; Special Topics, and other essential topics related to Export/Import Oil & Gas.
This course examines the difficulties, challenges and problems facing today’s deepwater drilling programme designers and personnel where wells are being drilled in increasingly difficult downhole and environmental conditions with ever increasing cost and legislation further contributing to design and operational pressures.
This training course is a comprehensive course to the technology of shell and tube heat exchangers as these robust type of heat exchangers are the most commonly used in the process and refinery industries, where they provide flexibility and are easy to maintain.
Fitness-For-Service (FFS) assessments are quantitative engineering evaluations that are performed to demonstrate the structural integrity of an in-service component that may contain a flaw or damage.
PetroSync - Applied Petrophysics for Low Resistivity Thin-Bedded FormationsPetroSync
Thin bedded reservoirs are increasingly common exploration targets. However, evaluating such formations is difficult due to challenging and sometimes misleading data.
This is an in-depth course that is designed to provide the participants with a solid understanding of reservoir engineering and associated modern theories in order to manage and maximize hydrocarbon recovery. Hands-on examples and exercises are used throughout the course to help participants with understanding key performance concepts. Participants are encouraged to bring their own laptop computer to class.
PetroSync - Fractured Reservoir Modeling with Application to Fractured BasementPetroSync
This course provides a unique opportunity to learn all the aspects related to the understanding and modeling of fractured reservoirs. Participants will gain knowledge of how fractured reservoirs differ from conventional reservoirs, and how to approach their fractured reservoir projects in a systematic manner.
Student information management system project report ii.pdfKamal Acharya
Our project explains about the student management. This project mainly explains the various actions related to student details. This project shows some ease in adding, editing and deleting the student details. It also provides a less time consuming process for viewing, adding, editing and deleting the marks of the students.
NO1 Uk best vashikaran specialist in delhi vashikaran baba near me online vas...Amil Baba Dawood bangali
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Water scarcity is the lack of fresh water resources to meet the standard water demand. There are two type of water scarcity. One is physical. The other is economic water scarcity.
CFD Simulation of By-pass Flow in a HRSG module by R&R Consult.pptxR&R Consult
CFD analysis is incredibly effective at solving mysteries and improving the performance of complex systems!
Here's a great example: At a large natural gas-fired power plant, where they use waste heat to generate steam and energy, they were puzzled that their boiler wasn't producing as much steam as expected.
R&R and Tetra Engineering Group Inc. were asked to solve the issue with reduced steam production.
An inspection had shown that a significant amount of hot flue gas was bypassing the boiler tubes, where the heat was supposed to be transferred.
R&R Consult conducted a CFD analysis, which revealed that 6.3% of the flue gas was bypassing the boiler tubes without transferring heat. The analysis also showed that the flue gas was instead being directed along the sides of the boiler and between the modules that were supposed to capture the heat. This was the cause of the reduced performance.
Based on our results, Tetra Engineering installed covering plates to reduce the bypass flow. This improved the boiler's performance and increased electricity production.
It is always satisfying when we can help solve complex challenges like this. Do your systems also need a check-up or optimization? Give us a call!
Work done in cooperation with James Malloy and David Moelling from Tetra Engineering.
More examples of our work https://www.r-r-consult.dk/en/cases-en/
Immunizing Image Classifiers Against Localized Adversary Attacksgerogepatton
This paper addresses the vulnerability of deep learning models, particularly convolutional neural networks
(CNN)s, to adversarial attacks and presents a proactive training technique designed to counter them. We
introduce a novel volumization algorithm, which transforms 2D images into 3D volumetric representations.
When combined with 3D convolution and deep curriculum learning optimization (CLO), itsignificantly improves
the immunity of models against localized universal attacks by up to 40%. We evaluate our proposed approach
using contemporary CNN architectures and the modified Canadian Institute for Advanced Research (CIFAR-10
and CIFAR-100) and ImageNet Large Scale Visual Recognition Challenge (ILSVRC12) datasets, showcasing
accuracy improvements over previous techniques. The results indicate that the combination of the volumetric
input and curriculum learning holds significant promise for mitigating adversarial attacks without necessitating
adversary training.
Welcome to WIPAC Monthly the magazine brought to you by the LinkedIn Group Water Industry Process Automation & Control.
In this month's edition, along with this month's industry news to celebrate the 13 years since the group was created we have articles including
A case study of the used of Advanced Process Control at the Wastewater Treatment works at Lleida in Spain
A look back on an article on smart wastewater networks in order to see how the industry has measured up in the interim around the adoption of Digital Transformation in the Water Industry.
Democratizing Fuzzing at Scale by Abhishek Aryaabh.arya
Presented at NUS: Fuzzing and Software Security Summer School 2024
This keynote talks about the democratization of fuzzing at scale, highlighting the collaboration between open source communities, academia, and industry to advance the field of fuzzing. It delves into the history of fuzzing, the development of scalable fuzzing platforms, and the empowerment of community-driven research. The talk will further discuss recent advancements leveraging AI/ML and offer insights into the future evolution of the fuzzing landscape.
Sachpazis:Terzaghi Bearing Capacity Estimation in simple terms with Calculati...Dr.Costas Sachpazis
Terzaghi's soil bearing capacity theory, developed by Karl Terzaghi, is a fundamental principle in geotechnical engineering used to determine the bearing capacity of shallow foundations. This theory provides a method to calculate the ultimate bearing capacity of soil, which is the maximum load per unit area that the soil can support without undergoing shear failure. The Calculation HTML Code included.
Industrial Training at Shahjalal Fertilizer Company Limited (SFCL)MdTanvirMahtab2
This presentation is about the working procedure of Shahjalal Fertilizer Company Limited (SFCL). A Govt. owned Company of Bangladesh Chemical Industries Corporation under Ministry of Industries.
About
Indigenized remote control interface card suitable for MAFI system CCR equipment. Compatible for IDM8000 CCR. Backplane mounted serial and TCP/Ethernet communication module for CCR remote access. IDM 8000 CCR remote control on serial and TCP protocol.
• Remote control: Parallel or serial interface.
• Compatible with MAFI CCR system.
• Compatible with IDM8000 CCR.
• Compatible with Backplane mount serial communication.
• Compatible with commercial and Defence aviation CCR system.
• Remote control system for accessing CCR and allied system over serial or TCP.
• Indigenized local Support/presence in India.
• Easy in configuration using DIP switches.
Technical Specifications
Indigenized remote control interface card suitable for MAFI system CCR equipment. Compatible for IDM8000 CCR. Backplane mounted serial and TCP/Ethernet communication module for CCR remote access. IDM 8000 CCR remote control on serial and TCP protocol.
Key Features
Indigenized remote control interface card suitable for MAFI system CCR equipment. Compatible for IDM8000 CCR. Backplane mounted serial and TCP/Ethernet communication module for CCR remote access. IDM 8000 CCR remote control on serial and TCP protocol.
• Remote control: Parallel or serial interface
• Compatible with MAFI CCR system
• Copatiable with IDM8000 CCR
• Compatible with Backplane mount serial communication.
• Compatible with commercial and Defence aviation CCR system.
• Remote control system for accessing CCR and allied system over serial or TCP.
• Indigenized local Support/presence in India.
Application
• Remote control: Parallel or serial interface.
• Compatible with MAFI CCR system.
• Compatible with IDM8000 CCR.
• Compatible with Backplane mount serial communication.
• Compatible with commercial and Defence aviation CCR system.
• Remote control system for accessing CCR and allied system over serial or TCP.
• Indigenized local Support/presence in India.
• Easy in configuration using DIP switches.
PetroSync - Crude Oil Trading and Price Risk Management
1. Supported By
Your Key To Maximize Trading Profits and Manage Risk Effectively in Volatile Market
29 February—4 March 2016
Singapore
CRUDEOILTRADING&
PRICERISKMANAGEMENT
PETROSYNC’S ACCOUNTING & FINANCE SERIES
7 March—11 March 2016
Kuala Lumpur, Malaysia
2. 2
Our Crude Oil Trading & Price Risk Management provides the knowledge and understanding of
the workings of the world of crude oil trading and introduce the complicated concept of
hedging, to identify price risk and learn how to manage that risk through the different
financial instruments available.
How Does This Course Benefits You?
PetroSync Quality Assurance
All PetroSync courses are developed with top quality to
address all your training needs and purposes. Our courses
are vetted strictly to ensure that we always deliver the best
courses with the best industry expert.
Learn various trading techniques and methods in crude oil trading
Understand the crude oil trading market and different benchmarks to trade products in oil &
gas market successfully
Analyse the market performance in oil & gas investment
Attain the skills in evaluating the market performance and their future outlook in order to
trade in safer environment.
Identify crude oil market risk
Learn the methodologies to identify market risk and the way to control them effectively by
applying practical strategies and technical analysis to mitigate risk factors
Leverage on energy derivatives
Leverage on energy derivatives to hedge oil prices and risk exposure
PetroSync Inhouse Solutions
PetroSync can tailor our courses to meet your specific
needs at your preferred location and schedule. Contact us
for more information at +65 6415 4500 or email to general
@petrosync.com
Having seen oil prices fall from $110 per barrel to under $40 per barrel, the
importance of price risk management in oil trading has never been greater.
The high volatility of oil prices has increased price risk since 2008/ 2009. In
order to survive and thrive in this volatile market, hedging plays an ever
increasingly important role in crude oil trading. There are many different
varieties and grades of crude oil and benchmarks being used as reference
price for sellers and buyers of crude oil. It is important to know and recognize
which one you should be using. Concept of hedging is crucial to identify price
risk and reduce price risk associated with trading.
general@petrosync.com | +65 6451 4500 | www.petrosync.com
Course Overview
Course Design
This course is designed to give delegates an introduction to crude oil trading in a safe
environment and to guide delegates through the complicated concept of hedging, allowing
them to analyse and mitigate risk in crude oil market.
Includes Specific and Practical Case Studies
Participants will be guided through a combination of lecture, syndicate work, case studies and
trading game to sharpen their ability to manage price risk and crude oil trading in this volatile
market.
ACCOUNTING & FINANCE | CRUDE OIL TRADING & PRICE RISK MANAGEMENT
3. 3
PetroSync Distinguished Instructor
Who Needs This Program
Practical & Consulting
David has over 20 years of financial experience in petroleum
industry. He was Managing Director of IPE Training Ltd and
established it into a worldwide provider of quality energy
training courses. He set up Ridgeway Energy Consultancy Ltd.
(REC) and has been involved in a number of international
projects, covering energy trading and risk management, OTC
clearing on commodities, strategy and business organizational
issues.
Training
Has lectured on energy topics across Europe, Russia,
Kazakhstan, Dubai, Singapore, China and USA.
Publication
He is the author of “An Investor’s Guide to Traded Options” and
“ Mastering Exchange Traded Equity Derivatives”
Partial Client List
CNPC. UNIPEC, BP, JOGMEC
David Ford
Managing Director
Ridgeway Energy
Consultancy Ltd
This course is designed for professionals who wish to enhance their knowledge in crude oil
trading market and, including:
Job Titles Include:
Trading Managers
Energy, Oil & Gas, Commodity
Traders
Portfolio & Planning Managers
Oil & Gas Equity Analysts
Risk Consultant
XXX
Risk Managers/Credit Risk Analysts
Energy Trading Firms
Financial, Business & Commercial
Analysts
Oil & Gas Financial Consultants
Oil & Gas Executives in Banking &
Corporate Finance
PetroSync Inhouse Solutions
PetroSync can tailor our courses to meet your specific
needs at your preferred location and schedule. Contact us
for more information at +65 6415 4500 or email to
general @petrosync.com
PetroSync Quality Assurance
All PetroSync courses are developed with top quality to
address all your training needs and purposes. Our courses
are vetted strictly to ensure that we always deliver the best
courses with the best industry expert.
general@petrosync.com | +65 6451 4500 | www.petrosync.com
08:00—09:00 Registration (Day 1) 13:00—14:00 Lunch
09:00—11:00 Session I 14:00—15:30 Session III
11:00—11.15 Refreshment Session I 15:30—15:45 Refreshment Session II
11:15—13:00 Session II 15:45—17:00 Session Iv (Last Session)
Course Schedule
ACCOUNTING & FINANCE | CRUDE OIL TRADING & PRICE RISK MANAGEMENT
4. 4
Course Agenda — 5 Days
general@petrosync.com | +65 6451 4500 | www.petrosync.com
DAY 1-Markets, Supply & Demand, Transportation
Trading Markets
Physical
Spot
Forwards
Term
Over-The-Counter (OTC)
Swaps
Options
Exchanges
Futures
Options
Forward Curves
Supply and Demand Issues
Geopolitics
What is crude oil
Reserves
DAY 2-Pricing
Crude Evaluation & Refining
Classification and assay
Gross product worth (GPW)
Simple distillation
Cracking
Exercises:
Calculating crude values using gross product worth
(GPW)
Valuing different crudes using spread values from a
benchmark price
Oil Products Markets
Consumption
Refinery margins
Trends in refining
Product
Markets and trading
Benchmarks
What is a benchmark?
DAY 3-The Foundations of Price Risk Management
Trading Markets
Physical
Spot
Forwards
Term
OTC
Swaps
Options
Exchanges
Futures
Options
Forward curves
Supply and consumption
Structure of the Markets
Trends
Exercise: Supply and Demand Headlines
Trading Crude
Market locations
Contracts
Pricing mechanisms
Price exposure
Trading Game
What makes a grade a benchmark
Main global benchmarks
West Texas Intermediate (WTI)
American Customer Satisfaction Index (ACSI)
Dubai
Brent
Future developments of oil
Brent
Dated Brent
BFOE-21 Day
Intercontinental Exchange Brent
The Exchange of Physical (EFP) Premium
Contract for Differences (CFD)
Bwave
Pricing Methodology
Platts
Petroleum Argus
Exercise: Technical Analysis-A structural Approach
Trading Game
Physical Pricing Mechanisms
Fixed pricing
Floating pricing
Indexation
Price exposure-profit and loss
Volatility
Exercises:
Calculating the physical price volatility and the square
root of time rule
Calculation of physical/derivative price correlation
Identification of price risk
ACCOUNTING & FINANCE | CRUDE OIL TRADING & PRICE RISK MANAGEMENT
5. 5
general@petrosync.com | +65 6451 4500 | www.petrosync.com
DAY 4– Price Risk Management-Hedging Instruments
Exchange of Futures for Physical (EFP)
Objective of an EFP
Increase in open interest
Decrease in open interest
No change in open interest
Trigger Pricing and Basis Trading-A Form of Hedging
Objectives
Trigger pricing process
Basis trading
Establishing the basis
Trading out
Exercise:
Hedging with futures-with and without basis risk
Hedging as producer, refiner, consumer and trader using
futures
Hedging
Basic principls and onjectives
Identification of risk
Credit, operational, basis etc.
Risk matrix
Value-at-risk (VaR)
Hedging volumes
Cashflow-at-Risk (C-FaR)
Futures
Basic concept
Definitions and terminology
Profit & loss, long & short
Exercise and delivery vs. cash settlement
Pricing and Forward Curves
Cost of carry
Contango
Backwardation
Basis
The Clearing House
Clearing
Central counterparty
Margin
Exercise and delivery
DAY 5– Price Risk Management-Hedging Instruments
Swaps
Basic structure
Plain vanilla
Buyer vs. Seller
Fixed for floating
Cash flow
Different Types of Swaps
Differential
Participation
Extenable
Double-Up
Swaption
Pre-paid
Margin or crack
Pricing Swaps
Forward curve
Contango
Backwardation
Futures
OTC clearing
Dodd Frank
EMIR
Exercise: Hedging as a producer, refiner, consumer and
trader using futures
Advanced Hedging Instruments
Basic concept
Definition and terminology
Exercise and delivery
Buyers and sellers, rights and obligations
Characteristics of options
Risk and award
Profit and loss
Basic Trades
Long call
Short call
Long put
Short put
Gearing
Principles of pricing
Options premium
Intrinsic value
Time calue
Volatility
Option sensitivities-The Greeks
Delta
Gamma
Rho
Theta
Vega
Exercise: Hedging as a producer, refiner, consumer and
trader using option
Designing a Risk Management Programme
International accounting standards and hedging
Policies and procedures
Control and supervision
Organisation, roles and responsibilities
ACCOUNTING & FINANCE | CRUDE OIL TRADING & PRICE RISK MANAGEMENT
6. 6
By Credit Card:
Please debit my credit card: Visa MasterCard AMEX Security Code:
Card Number: Expiry Date:
Name Printed on Card:
By Direct Transfer: Please quote invoice number(s) on remittance advice
PetroSync Global Pte Ltd Bank Details:
Account Name: PetroSync Global Pte Ltd
Bank Name: DBS Bank Ltd
Bank Code: 7171—Bank Swift Code: DBSSSGSGXXX—Branch Code: 288
Account No: SGD: 288-901898-0 USD: 0288-002682-01-6
Bank Address: 12 Marina Boulevard, Level 3. Marina Bay Financial Centre Tower 3. Singapore 018982.
All bank charges to be borne by payer. Please ensure that PetroSync Global Pte Ltd receives the full invoiced
amount.
Session 1 : Crude Oil Trading | Price Risk Management
29 February– March 4, 2016 in Singapore
Session 2 : Crude Oil Trading | Price Risk Management
March 7-11, 2016 in Kuala Lumpur, Malaysia
COURSE DETAILS
INVESTMENT PACKAGES (Please Circle)
Group Discount is based on Standard Price
*To enjoy the promotion & discount offer, payment must be made before dateline
* For 7 or more delegates, please inquire for more attractive package.
* Prices include lunches, refreshments and materials. Promotion & discount cannot be combined with other
promotional offers.
COURSE CONSULTANT
Name : Cay Aagen
Email : registration@petrosync.com
Phone : +65 6415 4500
Fax : +65 6415 4322
TERMS AND CONDITIONS
DISCLAIMER
Please note that trainers and topics were confirmed
at the time of publishing; however, PetroSync may
necessitate substitutions, alterations or
cancellations of the trainers or topics. As such,
PetroSync reserves the right to change or cancel any
part of its published courseme due to unforeseen
circumstances. Any substitutions or alterations will
be updated on our web page as soon as possible.
DATA PROTECTION
The information you provide will be safeguarded by
PetroSync that may be used to keep you informed of
relevant products and services. As an international
group we may transfer your data on a global basis for
the purpose indicated above. If you do not want us to
share your information with other reputable
companies, please tick this box
CANCELLATION POLICY
You may substitute delegates at any time as long as
reasonable advance notice is given to PetroSync. For
any cancellation received in writing not less than
fourteen (14) working days prior to the training
course, you will receive credit voucher less a SGD $200
administration fee and any related bank or credit card
charges.
Delegates who cancel less than fourteen (14) working
days of the training course, or who do not attend the
course, are liable to pay the full course fee and no
refunds will be granted.
In the event that PetroSync cancels or postpones an
event for any reason and that the delegate is unable or
unwilling to attend in on the rescheduled date, you will
receive a credit voucher for 100% of the contract fee
paid. You may use this credit voucher for another
PetroSync to be mutually agreed with PetroSync,
which must occur within a year from the date of
postponement.
PetroSync is not responsible for any loss or damage as
a result of the cancellation policy. PetroSync will
assume no liability whatsoever in the event this event
is cancelled, rescheduled or postponed due to any Act
of God, fire, act of government or state, war, civil
commotion, insurrection, embargo, industrial action,
or any other reason beyond management control.
CERTIFICATE OF ATTENDANCE
70% attendance is required for PetroSync’s Certificate
of Attendance
DETAILS
Please accept our apologies for mail or email that is
incorrectly addressed.
Please email us at registration@petrosync.com and
inform us of any incorrect details. We will amend them
accordingly.
CHARGES & FEE(S)
- For Payment by Direct Telegraphic Transfer, client
has to bear both local and oversea bank charges.
- For credit card payment, there is additional 4%
credit card processing fee.
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PAYMENT METHOD
INVOICE DETAILS
DELEGATES DETAILS
INVESTMENT
PACKAGE
KL, MALAYSIA
COT Masterclass:
2 Days
PRM Master-
class: 3 Days
Full Masterclass:
5 Days
Standard Price 4 Mar 2016 USD 2,395 USD 2,895 USD 4,295
Early Bird Offer 5 Feb 2016 USD 2,195 USD 2,695 USD 4,095
Group Discount
(≥3 Delegates)
4 Mar 2016 10% Discount