Académique Documents
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Culture Documents
January 2016
CONTENTS
OIL, GAS & ENERGY: NEWS & VIEWS
Editorial Note
Editors Choice
ExxonMobil: Gas to lead global energy demand
growth through 2040
API official asks administration to pursue
innovation, not regulation
Editor's Pick
Dont tamper with patent laws
Indias renewable energy targets: How to overcome
a $200 billion funding gap
Goldman: This may push oil to $20
Post-sanctions Iran roils crude market; petchem
may follow suit
How low oil price affects Chemical Industry
Ten Futuristic Technologies
Cheap oil, good for consumers, is slamming stocks.
Why?
January 2016
IndiScan
Honble Prime Minister dedicates IndianOil's 11th
Refinery to the Nation
India tops Asia in sending scientists, engineers to
US
Indian refiners need to invest $4.5B to produce Euro
VI fuels by 2020
BP TO SELL ALABAMA PETROCHEMICALS
COMPLEX TO INDORAMA
Emission test
Doing scientific research will be made easy: Modi
tell scientists
Now Mineral Water costlier than Mineral Water in
India
Indias state refiners agree to jointly build new
world-scale refinery
India to offer tax discount if Iran accepts all oil
payments in INR
India Africa Hydrocarbon Conference
GlobeScan
Fluor To Build $1-Billion Petroleum-Refining Facility
In Mexico
These are the energy stories Houston cared about
in 2015
ConocoPhillips ships first LNG from Australian
megaproject
Women CEOs Of The S&P 500
Petrobras cuts investment by USD 32 billion
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TrendScan
Raymond James: For oil field services companies,
2016 will be a roller coaster ride
Finally Flexing Energy Muscle on Global Stage
Analysts: Global oil, gas M&A to rise in 2016 as
companies shed assets
Weak oil markets prompt Saudi leaders to make
quicker decisions
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TechScan
The new digital tools catching on in the old school
oil field
DuPont, ADM Biotech Will Enable 100% Renewable
Chemicals, Plastics
RFCC Failure Analysis - A CASE STUDY
Shocking! 'Electric Eel' Fibers Could Power
Wearable Tech
Putting Fuel Cells Inside the Data Center
January 2016
January 2016
F2F
How Ericsson aligned its people with its
transformation strategy: An interview with chief HR
officer BinaChaurasia
Unconventionals in Saudi Arabia
Kellogg President Wendy Davidson on how women
can become leaders in the industry
BookScan
Employee problems are your problems, too.
January 2016
Editorial Note
A Landmark Event
Commissioning of much awaited commissioning and dedication of
the 11th oil refinery of IndianOil at Paradip, a new landmark was
created by IndianOil. This 15 mtpa refinery constructed at the cost
of over R 34000 crores, is highly complex refinery ready to
produce Euro-IV grade fuels right from the day one.
We complement IndianOil team of dedicated engineers for
working tirelessly braving great hardships in shaping this refinery
against all odds. This is one of mega projects executed in the
recent times.
The Refinery built at a cost of Rs 34,555 crore and can process
dirty and heavy crude oil is located 140 km from the state
capital Bhubaneswar, Paradip refinery is one of the most modern
refineries in the world which can process cheaper high sulfur
heavy crude oils. It has a complexity factor of 12.2.
Spread over an area of over 3000 acres, initially this refinery
conceptualized to set up a refinery of 9 mtpa capacity on the
eastern coast in the state of Odisha, its capacity was
subsequently raised to 15 mtpa. With plans t0 produce polymers
like paraxylene, polypropylene and styrene in addition to other
valuable transport fuels and petroleum products.
It has also huge linked projects of pipeline from Paradip to Raipur
via to Ranchi, which shall cater to the states of Jharkhand and
Chhattisgarh besides Odisha. This
pipeline cutting across
2,400 km length is almost the length of Ganges. A MercedesBenz S-Class car can pass through the largest diameter pipeline
of 126-inch.. On the way there are many tap off points , depots
and installations built to meet local demands of the petroleum
products.
One can appreciate its mamothness from certain comparative
figures which went into constructing this refinery at very difficult
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and low lying site. Over 2.8 lakh ton of steel, equivalent to 30
Eiffel Towers or about 350 Rajdhani trains, 11.6 lakh cubic meter
of concreting equivalent to 3 times volume of Burj Khalifa, Dubai,
were use on this site, besides over millions of cubic meters of
earth filling required in constructing it.
Designed to produce 5.6 million tonnes per annum of diesel, 3.79
million tonnes of petrol and 1.96 million tonnes of kerosene/ATF,
besides 790,000 tons/ annum of LPG and 1.21 million
tonnes/annum of Petroleum Coke. The refinery sent out it's first
consignment of diesel, kerosene, and LPG on November 22,
2015
There are many landmarks associated with this refinery has
extensively use PPP BOOT and BOO models in execution and
operation of this refinery.
But the brightest landmark of this project is construction and
commissioning of the FIRST COMMERCIAL INDMAX of 4.9
mtpa capacity, designed and constructed BASED ON
Indigenous technology developed by IndainOil-R&D. With
commissioning of this novel RFCC technology India has
joined the league of worlds select group of FCC Technology
licensor. We hope this technology shall find huge market in
India and abroad. I am sure the Govt of India, under its Make
in India policy shall bring out certain regulations or
incentives for adaptation of Indigenous technologies. China
did it and prospered. India has to do it for self reliance.
It was finally inaugurated and dedicated to the nation by
Prime Minister Narendra Modi , who was personally
monitoring the progress of this mega project, on February 7,
2016.
The refinery has plans to set up an Ethylene Recovery
Unit/Mono-Ethylene Glycol (MEG) at an estimated cost of Rs
3,800 crore. It is expected to be completed by 2020-21
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The execution of this project took almost two decades from the
concept to commissioning, and it is fit for carrying out an
academic case study for taking lessons in How not to Execute
Projects, for the PSEs, consultants, statutory and regulatory
organizations, project managers and the governments.
I had got a case study developed on the Acquisition and Merger
of IBP with IndianOil by IIMA. Indian Oil may once again take
help of one of premier business schools specializing in project
management, for develop a case study on the Paradip refinery,
fro consolidating the lessons learnt.
Team Petrotech send its Heartiest Congratulations to the Team
IndianOil for creating another landmark in the first month of 2016.
Anand Kumar
Director
Petrotech
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Editors Choice
ExxonMobil: Gas to lead global energy demand growth
through 2040
Global energy demand will increase 25% between 2014 and
2040, driven by population growth and economic expansion,
ExxonMobil said Monday in its 2016 edition of The Outlook for
Energy.
At the same time, energy efficiency gains and increased use of
renewable energy sources and lower carbon fuels, such as
natural gas, are expected to help reduce by half the carbon
intensity of the global economy, according to the annual report.
During the period, the worlds population will increase by about 2
billion people and emerging economies will continue to expand
significantly. Most growth in energy demand will occur in
developing nations that are not part of the Organization for
Economic Co-operation and Development (OECD), Exxon said.
Per-capita income in those countries is likely to increase by
135%.
Natural gas is expected to meet about 40% of the growth in global
energy needs, and demand for the fuel will increase by 50%.
Nuclear and renewable energy sources including bio-energy,
hydro, geothermal, wind, and solar are also likely to account for
nearly 40% of the growth in global energy demand by 2040. By
then, they are expected to make up nearly 25% of supplies, of
which nuclear alone represents about one third.
ExxonMobils analysis and those of independent agencies
confirms our long-standing view that all viable energy sources will
be needed to meet increasing demand, said Rex W. Tillerson,
CEO of ExxonMobil. The Outlook for Energy is a useful resource
to help understand future energy supply and demand, which can
aid decisions by individuals, businesses and governments that
together will affect the future of energy.
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Editor's Pick
Dont tamper with patent laws
A SRINIVAS
January 2016
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Optimistic moves
Despite several hurdles, India is currently adopting a very
optimistic pace. Recent achievements include:
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Post-Sanctions
Post-sanctions Iran roils crude market; petchem may follow
suit
18 January 2016 07:15 Source:ICIS News
January 2016
programme and has complied with the terms of their July 2015
comprehensive agreement.
Iran is a major oil exporter and is a member of the oil cartel
OPEC.
What this says is volatility will continue in the oil and its
downstream petrochemical markets for the next one to two
years, said Ewe EeFoong, ICIS vice president of Business
Development & Consulting.
ICIS Consulting provides insight into commodity markets via
consultancy and data services. It operates independently of ICIS
News.
Prior to the lifting of sanctions, Iran had been exporting around
1.1m bbl/day of oil, principally to Asian buyers. The country has
been producing just under 2.9m bbl/day, compared with 3.6m
bbl/day prior to the implementation of tighter sanctions in 2011.
With Iran back into the picture, the price of oil is set to be driven
down purely on sentiment and speculation, said a banker based
in the Middle East.
With the sanctions lifted, oil prices will see further declines. We
are really worried this could lead to more price volatility further
downstream, a source close to a Middle East energy producer
said.
Ewe of ICIS Consulting said: "Lower oil prices normally lead to
lower product margins, especially for non-integrated producers.
All companies should take this opportunity to relook at their cost
structures. And take the ride on such low oil price scenarios to
weed out inefficiencies."
Naphtha and aromatics prices in Asia were moving in tandem
with crude on Monday. At midday, naphtha prices shed
$17.50/tonne to $310-312/tonne CFR (cost and freight) Japan,
while benzene fell $17/tonne at $521-525/tonne FOB (free on
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board) Korea, and toluenetrading $15-30/tonne lower at $500535/tonne FOB Korea, according to ICIS data.
Iran is ready to increase production almost overnight, according
to a source close to a major Iranian energy company.
The lifting of sanctions will unfreeze Irans $100bn worth of assets
and allow the country to sell oil to Europe.
Immediately after the announcement of the lifting of sanctions,
Irans deputy oil minister Amir Hossein came out to say that
Tehran could increase crude exports by 500,000 bbl/day.
Most of the new Iranian exports are expected to come from
substantial volumes stored at sea. As of end-November, Iran has
an estimated 36m barrels of oil held at sea in tankers, according
to the International Energy Agency (IEA).
We are watching the developments closely. If Iran increases
supply, oil prices will plunge, a Qatar-based petrochemical
source said.
The announcement to lift sanctions on Saturday, seen as
unexpected by some given its speed of implementation, came just
a month before Iranians vote in a crucial parliamentary election.
Iran petrochemical suppliers are expected to compete actively in
the market once Tehran re-joins the Society for Worldwide
Interbank Financial Telecommunication (SWIFT) services
network, although it remains unclear when exactly this would
happen, industry sources said.
Once Iran can access SWIFT, the country can start to participate
in international trade once again, said a source close to a major
US-based energy distributor.
Iranian petrochemical suppliers have been planning to ramp up
production and to divert about a fifth of their cargoes from China
to Europe once the international sanctions are lifted, industry
sources said.
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The price of crude is down 28% this year already, which in turn
has dragged down energy company shares in the Standard and
Poors 500 index by 13%, which has helped pull the overall index
down 9%. Photo: Reuters
New York: Wall Street is drowning in oil.
Stocks are having their worst start to a year in history in part
because of a rapid plunge in the price of oil. The price of crude is
down 28% this year already, which in turn has dragged down
energy company shares in the Standard and Poors 500 index by
13%, which has helped pull the overall index down 9%.
This even though low oil pricesand the cheap prices for petrol
and other fuels that resultare wonderful for consumers and
many companies.
It seems ironic that in the run-up to the global financial crisis we
were worried about oil prices being too high in 2007 and 2008.
Now were worried about them being too low, said Julian Jessop,
head of commodities research with London-based researchers
Capital Economics Ltd.
The drastic drop in oil and stock prices stands in contrast with a
US economy that, on the whole, is doing pretty well. US
employers created 292,000 jobs in December, and few
economists see the economy sliding into recession.
Heres what experts think is going on.
Why is oil so low?
Because there is so much of it.
A long run of high oil prices inspired drillers to develop new
techniques and to go to new places to find more oil, and they
succeeded. In the US, improved oil drilling technologies known
generally as fracking have added more oil to the global market
than the total production of any other nation in Opec other than
Saudi Arabia.
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oils big slide from over $100 a barrel in 2014 to under $50 a
barrel last year.
In the long run, lower oil prices should be positive or at worst
neutral for the world economy because all theyre really doing is
transferring income from oil producers to oil consumers, Jessop
says.
But this latest plunge in prices to under $30 a barrel has investors
worried that oil prices are falling because global growth is
slowing, as businesses and consumers in many developing
countries, particularly China, cut back on spending. Bruce
Kasman, chief economist at JPMorgan Chase, says that steep
drops in oil prices have historically been a sign of a weakening
global economy.
Also, US consumers have remained cautious about spending the
money they arent putting into their gas tanks, which limits the
benefit to the broader economy. Americans saved 5.5% of their
incomes in November, up nearly a full percentage point from a
year earlier.
Kasman estimates that US spending grew at a tepid pace of just
1.5% in the final three months of last year. Theres no doubt that
the consumer spending growth figures for the US, Europe and
Japan have disappointed, he said.
Some of that likely reflected a temporary drag from warm
weather, as Americans spent less on winter clothing and utilities.
That could turn around in the first quarter, giving the economy a
lift, Kasman said.
Delta Air Lines told investors this week that bookings for this
spring are ahead of last years pace because cheaper petrol
means consumers have more money.
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IndiScan
Honble Prime Minister dedicates IndianOil's 11th Refinery to
the Nation
January 2016
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and Honble Minister for Co-Op & Excise, Dr. Damodar Rout.
Honble Members of Parliament Dr. Kulamani Samal (Lok Sabha)
and Mr. Ranjib Biswal (Rajya Sabha), were also present.
Special foreign guests were EH Dr. Towfiq-e-Elahi Chowdhury,
BB, Advisor to PM of Bangladesh (Energy, Power & Mineral
Resources) and H.E. Dr. Anoma Gamago, Dy. Minister of
Petroleum Resources Development, Srilanka.
Mr. K. D. Tripathi, Secretary, (Petroleum), Mr. B. Ashok,
Chairman, IndianOil, and Mr. Sanjiv Singh, Director (Refineries),
IndianOil, were also present on the ocassion.
Hon'be PM takes a tour of main units of the Refinery
On his arrival, Honble Prime Minister was taken to the Main
Control Room, which is the heart of a refinery. Mr. Sanjiv Singh,
Director (Refineries), gave a briefing on the operation of the
control room which is the biggest Control Room among IndianOil
refineries and it can control each and every refinery operation
along with the facility of startup and shutdown.
He also visited the INDMAX unit, an in-house technology adopted
in the refinery, the finest representation of Make in India
campaign of the Government of India. The continuous endeavour
of the IndianOil leadership is to identify the challenges and
opportunities for strengthening the Indian economy through
development of pioneering technologies for import substitution,
dynamically supporting local talent and trade, skill development,
creation of job opportunities, spurring manufacturing enterprises,
and facilitating inclusive growth to realise the vision of Make in
India in its true spirit.
Make in India Sculpture of INDMAX unveiled
At Paradip Refinery, Honble Prime Minister unveiled the glorious
and illustrative symbol of Make in India- a sculpture of the inhouse technical innovation of IndianOils R&D- the INDMAX
technology. The sculpture is a national salute to Hoble Prime
Ministers initiatives to take India to the next level of growth by
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We will also try to increase the level of resources for science and
deploy them in accordance with our strategic priorities, he said at
the ManasaGangotri campus of the University of Mysore, which
is celebrating its centenary.
Some 500 eminent scientists and experts are attending the fiveday Congress with the focal theme Science and Technology for
Indigenous Development in India, in tune with Modis big push for
Make in India programme.
(This article was published on January 3, 2016)
Now Mineral Water costlier than Mineral Water in India
NDTV, Jan 11,2016
The continued softness in global crude prices and the relative
stability in the rupee-dollar exchange rate means oil in India now
costs less than a bottle of mineral water. However, the drop in
domestic petrol and diesel prices has not kept pace with global
prices because the government has repeatedly hiked excise duty
on petrol and diesel to increase its revenues. Earlier this month,
excise duty on petrol and diesel was hiked for the third time in the
current fiscal year.
The government last week said that the price of Indian crude
basket has fallen to $29.24 per barrel or Rs 1,956.45 per barrel at
Rs 66.91per dollar as on January 7, 2016. An oil barrel is 159
litres, so the price of one litre of crude oil comes to Rs 12 per litre,
which is 20 per cent lower than a litre of mineral water priced at
Rs 15.
The current situation aptly sums up the spectacular drop in global
crude oil prices. Oil prices have already fallen over 70 per cent
since the downturn began in mid-2014. Goldman Sachs says oil
could hit $20 a barrel.
The crash in global crude prices has however moderately
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45% of payments made to Iran in rupee from any local tax. The
notification, under Section 10 (48) of the Income Tax Act, related
with tax exemptions in regard to foreign oil companies selling
crude oil in India has notified the National Iranian Oil Company
has as a foreign company.
This followed fears that the money paid to NIOC may be
considered as income generated by Iranian firm in the country
and liable to be taxed.
Iran is Indias 5th largest crude oil supplier, selling 6.53 million
tons of oil in the first half of 2015-16. Iranian supplies made up for
6.6% of the 99.36 million tons of oil India imported during AprilSeptember.
Iran was Indias second biggest supplier of crude oil after Saudi
Arabia till 2010-11 and made up for 12 per cent of Indias oil
needs. But sanctions relegated it to 7th spot last fiscal with
supplies of 10.95 million tons. This year it has regained some lost
ground.
India Africa Hydrocarbon Conference
Ushering a new era of partnership between India & Africa, the 4th
India Africa Hydrocarbon Conference was held in New Delhi on
January 21st & 22nd 2016.
This comes as a significant boost to Indias energy security
manifold with the aim of
enhancing co-operation
towards Development
Transmitting
Partnership in the field
of Hydrocarbons.
About 22 African nations
participated
in
the
conference, out of which
Algeria,
Morocco,
Mauritius,
Liberia,
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GlobeScan
Fluor To Build $1-Billion Petroleum-Refining Facility In
Mexico
By Gerald Ondrey | January 11, 2016
Fluor Corp. (Irving, Tex.; www.fluor.com) says that ICA Fluor, its
industrial engineering and construction joint venture with
Empresas ICA, S.A.B. de C.V. (www.ica.com.mx/ir), was
authorized by Pemex Transformacin Industrial (Pemex) to
proceed with the engineering, procurement and construction
(Phase II) of the Madero Clean Diesel project at the Madero
Refinery in Tamaulipas, Mexico. Fluor booked its $500 million
share of the contract in the fourth quarter of 2015.
ICA Fluor will provide detailed engineering, procurement,
construction, commissioning and start-up services for two 25,000barrel-per-day diesel hydrodesulfurization trains and associated
facilities. The project also includes installation of new hydrogen,
sulfur recovery and sour water treatment plants, the revamp of
the existing diesel hydrodesulfurization unit, and offsites and
utilities to integrate the new production facility with the existing
refinery. The project is scheduled to be completed in the first
quarter of 2018.
The project is part of Pemexs clean fuels program, its
comprehensive development and modernization program, and is
designed to increase Mexicos production of ultra-low sulfur diesel
in accordance with applicable environmental standards.
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(Tomohiro Ohsumi/Bloomberg)
HOUSTON The first cargo of liquefied natural gas has sailed
from the mammoth Australia Pacific LNG facility in Queensland,
ConocoPhillips and its partners in the project announced early
Monday.
The shipment, carried on the 935-foot meter tanker Methane
Spirit and bound for customer in Asia, is among the first in a wave
of liquefied natural gas projects that are coming online even as
low oil prices have dragged down the value of natural gas on the
international markets they serve.
For the companies behind it, the cargo is an important first step
toward the project transitioning from a cash-sink to cash60
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A customer gets the tank of her car filled at a Sinopec gas station
in Qingdao, Shandong province September 11, 2014.
REUTERS/STRINGER
By Jonathan Leff
(Reuters) - Chinas state-run oil refiner Sinopec Corp has
purchased its first ever batch of U.S. crude oil for export, a
source told Reuters on Thursday, a landmark transaction after
the ending of a four-decade ban on domestic exports.
The cargo, due to be loaded from a Gulf Coast port in March,
may mark the start of a sustained flow of U.S. oil to China, the
worlds second-largest buyer, which is eager to diversify its
energy sources. Unipec, its trading arm, also has the advantage
of leased oil storage tanks in the Caribbean, which could allow
it to blend U.S. shale with cheap, heavy Latin American crudes
for a bespoke mix ideally suited to its plants back home.
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- 'A source of risk' "Government deficits are growing strongly. And to maintain social
peace and military spending, producer countries are in no position
to cut public spending," said Olivier Garnier, chief economist at
Societe Generale.
Trying to reduce spending regardless would be "a source of risk",
he told AFP.
Last month, the International Monetary Fund warned that the
sharp collapse in the price of oil is proving more of a drag on the
global economy than a stimulus, pointing to the dire budgetary
situation that oil exporting countries now find themselves in.
There are big differences between the various oil-exporting
countries, many of whom had accumulated vast dollar reserves
while the going was good in the commodities markets.
But even the world's biggest exporter, Saudi Arabia, is feeling the
pain.
The kingdom reported this week that its fiscal reserves dropped to
a four-year low of $611.9 billion last year, from $732 billion in
2014, as the government sought to finance a budget deficit
caused by plunging oil revenues.
In December, Saudi Arabia had reported a record deficit and
announced austerity measures, including cuts to fuel subsidies.
African producer Nigeria, meanwhile, boasting no such reserves,
is seeking loans from the World Bank, the African Development
Bank and other lenders to help cover this year's massive budget
deficit, the government and bank officials said on Tuesday.
The budget plan, which includes sharply increased spending to
stimulate the economy, calls for 1.8 trillion naira ($9 billion) to be
covered by borrowing from multilateral organisations -- which the
government believes is the cheapest funding option.
The possibility for cash-strapped nations like Nigeria to get a
friendly hearing from global lenders means that situation is
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November 2019. Contracts to build the 3 billion cubic feet per day
LNG import terminal were expected to be awarded early this year.
(www.reuters.com)
Canada imposes further delays on two major pipeline
projects
January 27, 2016.
Canada announced new interim rules for environmental reviews
that will impose delays on two projects - TransCanada Corp's
Energy East pipeline and Kinder Morgan Inc's expansion of its
Trans Mountain Pipeline. The Liberal government issued the rules
on the grounds that public trust needed to be restored in the
process for assessing big energy projects. Proponents say that
after U.S. President Barack Obama's denial of the Keystone XL
pipeline, all-Canadian projects are needed so the country's oil can
reach its east and west coasts and fetch higher prices abroad.
The rules are designed to take greater account of environmental
impacts and indigenous groups' view for the two pipelines, which
are opposed by environmentalists and some communities but
backed by industry. Environment Minister Catherine McKenna
said the government would separately calculate direct and
upstream greenhouse gas emissions linked to the projects.
(www.reuters.com)
Enbridge to buy some Murphy Oil gas plants in British
Columbia
January 27, 2016.
Enbridge Inc, Canada's largest pipeline company, said it would
buy Murphy Oil Corp's Tupper Main and Tupper West gas plants
in northeastern British Columbia for C$538 mn ($382 mn). The
deal includes the sale of plants capable of processing up to 320
million cubic feet per day, Enbridge said. The assets would boost
its natural gas footprint in Montney, one of the most attractive gas
plays in North America, the company said. The transaction, which
is between Murphy Oil's Canadian unit Murphy Oil Co Ltd and
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But the IEA said supply may still exceed demand throughout the
whole of 2016 and added it saw non-OPEC output falling by just
0.6 million bpd in 2016.
"The number could be higher of course and many senior
international oil company figures have said so but there is a
lingering feeling that the big fall-off in production from U.S. shale
producers is taking an awful long time to happen. Perhaps
resilience still has some way to go," the IEA said.
The agency also said it saw the dollar remaining strong as it
benefits from its safe-haven status, meaning more downward
pressure on oil prices.
With weaker global oil demand, likely new gains in Iraqi, Iranian
and Saudi output, low chances of an OPEC deal, resilient U.S.
production and a strong dollar - the IEA said the global oil glut
was only poised to worsen.
It said that even if OPEC production remained flat, global stocks
would build by 2 million bpd in the first quarter, followed by a 1.5million-bpd build in the second quarter.
"Supply and demand data for the second half of the year
suggests more stock building, this time by 0.3 million bpd. If these
numbers prove to be accurate, and with the market already
awash in oil, it is very hard to see how oil prices can rise
significantly in the short term. In these conditions the short-term
risk to the downside has increased.
(Reporting by Dmitry Zhdannikov; Editing by Dale Hudson and
Jason Neely)
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TrendScan
Raymond James: For oil field services companies, 2016 will
be a roller coaster ride
Posted on January 4, 2016 | By Rhiannon Meyers
New energy CEOs in 2015
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Look for a roller coaster ride in early 2016 for oil field services,
followed by outsize gains in the second half, Raymond James
analysts wrote.
That retreat from U.S. oil fields will continue for the next few
months, as cash-strapped companies, with dwindling options for
obtaining financing, ratchet back their spending plans through at
least the second quarter of 2016 as they wait for a significant
rebound in crude prices. Raymond James said it now expects
annual oil field spending to fall 42 percent amid skinny E&P cash
flows and a non-existent debt market, analysts wrote in a
morning note to investors. (Although, the analysts noted, a
surprise uptick in oil prices could dramatically change spending
habits, with a small $5-a-barrel swing in crude translating into a
20 percent shift in cash flows).
They predict the U.S. rig count will continue falling over the next
six months, with drillers expected to sideline another 150 rigs by
mid-year. That pullback could cause the rig count to fall to 550
before shale plays begin to see an uptick in activity again, a
dramatic decline that implies a much uglier fundamental year
than current consensus estimates, Raymond James analysts
wrote. The rig count should pick up again in the second half of the
year as production declines draw down the global glut of crude,
and help support higher oil prices.
Raymond James says drillers will add 200 rigs between June and
December, with the recovery accelerating in 2017, when
Raymond James expects 463 more rigs to head back to work.
Still, the analysts warned that the rebound in oil field activity will
trail an uptick in spending.
Labor and service availability likely becomes a major constraint
on the ability to meet activity demand, the analysts wrote. This
should be compounded by oil field service pricing increases as
the market for services gets tighter.
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Any additional declines in activity and rig count, even if shortlived, spells more trouble for services companies, which have
seen their earnings pummeled in the past year. Companies best
positioned to ride out the prolonged slump are the bigger, more
well-known names with dominant market share and clean
balance sheets, the analysts said.
Categories: featured, Oil field services
Tags: crude oil | oil field services | oil prices | Raymond James
Finally Flexing Energy Muscle on Global Stage
Fuelflix, January 12, 2016 | By Brigham McCown
Two weeks ago, an oil tanker carrying a shipment of crude oil
from the Eagle Ford Shale left the Port of Corpus Christi for Italy.
Not long after, the first crude movement from the Houston Ship
Channel departed for Switzerland late last week. These moves
are historic for the U.S., as it comes less than a month after the
federal government authorized the reversal of a 40-year ban on
crude oil exports.
Americas inability to export its crude oil since the 1970s has
sidelined its potential on the global energy stage. In the last five
years, weve surpassed both Saudi Arabia and Russia as the
worlds largest producer of oil and natural gas, and its only
appropriate that we now take full advantage of this impressive
feat. The benefits are too significant to ignore.
Trading energy resources in the global marketplace can help
strengthen diplomatic alliances. Until recently, the U.S. was
forced to sit idly by while Allies in Europe and East Asia grew
increasingly dependent on energy resources from parts of the
globe seeded with political turmoil. From the European Unions
(EU) reliance on Russian oil and gas reserves, to South Korea
and Japans near 90 percent dependence on imports originating
in the Middle East, it has long been clear: U.S. crude oil and gas
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Study after study confirms that ending this outdated policy makes
sense for the economy. Now that the first tankers carrying
American crude oil have set sail for foreign coastlines, the country
is finally poised to effectively compete with countries such as
Saudi Arabia and Russia. By realizing the countrys full energy
potential in the global marketplace, the U.S. is poised to be an
energy force to be reckoned with for decades to come.
Analysts: Global oil, gas M&A to rise in 2016 as companies
shed assets
By JAMES PATON
Bloomberg,
Oil and gas producers should see an increase in deals this year
as cheap crude prices and limited funding options force debtsaddled energy companies to sell assets, according to consultant
IHS.
An uncertain oil price outlook discouraged M&A last year, with the
value of transactions falling 22% to $143 billion, despite the boost
from Royal Dutch Shells agreement to take over BG Group, IHS
said in a report on Wednesday. The deal pace will probably pick
up as energy companies face further financial pain after a 35%
drop in Brent prices last year.
Oil and gas producers with heavy debt burdens and hedges
rolling off in 2016 will become increasingly vulnerable,
Christopher Sheehan, director of energy M&A research at IHS,
said in the report. They will either have to dispose of prized
assets, face serious restructuring -- including the potential for
bankruptcy -- or become takeover targets in 2016.
The number of deals almost halved in 2015 to the lowest level
since 2001 while big, unsolicited takeover bids were rejected, the
report showed. Other than the Shell purchase, there were no
corporate takeovers exceeding $5 billion, it said.
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Scaled Back
Chinese oil companies spent less than $5 billion on acquisitions
for the second straight year, while Asian national oil companies
scaled back overseas acquisition spending for the second straight
year, according to IHS. Excluding the Shell-BG deal, North
America accounted for about 60% of global upstream value for
the second year.
The likelihood for wider consolidation in the oil and gas industry
will increase in 2016 as producers face further financial pain and
will have more constrained financing options due to persistently
weak oil prices, Sheehan said.
National oil companies in Asia will probably resume purchases
with PetroChina Co. and Oil & Natural Gas Corp. of India among
potential buyers, Sanford C. Bernstein & Co. said in November.
Weak oil markets prompt Saudi leaders to make quicker
decisions
01.08.2016 | By BEN HOLLAND, Bloomberg
January 2016
the state that may include privatizing oil giant Saudi Aramco,
among the worlds largest companies.
The flurry of action, a result of tumbling oil prices, shifting US
interests and regional turmoil threatening rulers across the Middle
East, appears to be the largely the work of Prince Mohammed bin
Salman, the 30-something son of King Salman, in office less than
a year. And while his ambition to modernize has drawn praise,
some fear he is in over his head.
The Saudis had a reputation of being kind of cautious, secretive,
said EckartWoertz, a senior researcher at Barcelona Centre for
International Affairs. Right now there are some concerns about
rash decisions.
Thatcherite Revolution
The biggest bombshell this week: Prince Mohammeds
announcement, in an interview with The Economist, that an initial
public offering in Saudi Aramco may form part of the kingdoms
privatization plans. A decision will be taken in the coming months,
he said.
He called his plans a Thatcherite revolution, like the overhaul of
the UK economy in the 1980s, saying private investors will be
invited to play a bigger role in health care, education and some
defense industries; state land will be sold off; and sales taxes
introduced on consumer goods.
The new government is rapidly abandoning its old slow style, said
Saud Al Tamamy, a political theorist at King Saud University in
Riyadh.
In a single day last week, the government announced and
implemented a cut in fuel subsidies, sending drivers speeding to
gas stations and spurring a spate of company statements on how
the change would affect them. In November, an annual fee on
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Arabia would have to take more matters into its own hands,
knowing they couldnt rely on the US exclusively to back up their
interests.
Plunging Reserves
Pressure for change is coming from a budget deficit that reached
15% of economic output last year, as oil fell by about two-thirds
from mid-2014 levels. Saudi Arabia has dipped into its savings to
cover the shortfall -- reserves declined for 10 straight months
through November, sometimes at an unprecedented pace.
Investors began to question whether the Saudis would be forced
to devalue their currency, or make an about-turn at OPEC and
sanction production cuts that would push oil prices back up. Saudi
credit-default swaps spiked this week to the highest since the
global slump of 2009, and riyal futures have weakened on
speculation about the dollar peg.
Some wonder whether the economic changes will occur. A few
weeks ago, Prince Mohammed made an unexpected
announcement, telling a hastily assembled press conference that
Saudi Arabia would head an Islamic military coalition of 34
nations to combat terrorism. Several of the countries knew
nothing about it.
Meanwhile, war in Yemen -- still largely under the control of the
Shiite rebels the Saudis are fighting -- is set to drain the same
budget that the kingdom is seeking to shore up. And tensions
over Yemen and Syria, now heightened by al-Nimrs execution
and the severance of ties, wont help efforts to attract the cash
that Prince Mohammeds ambitious plans will require.
Unprecedented Powers
Prince Mohammed came to power with little experience, yet has
titles that put him in control of the army, the oil industry and most
other areas of the economy.
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volatility in the oil market, but market share is now the cartel's
priority, he said.
Gas to surge in 2016.
Natural gas will remain extremely competitive next year,
according to Franklin (pictured left). Abraham noted that the US
has a "nearly unlimited supply" of gas reserves for both domestic
use and export. Cheniere Energy's new LNG export terminal in
Louisiana will mark the start of a new era of US natural gas
exports. A number of other LNG exports projects are "right
behind" Cheniere, Abraham said.
There is also a worldwide impetus toward increasing competition
for more natural gas imports and safer supply sources. The gas
marketplace will remain very competitive in 2016, particularly in
the US, Abraham said.
What about renewables?
The former energy secretary also spoke to the fluctuating appeal
of renewable energies. It is difficult to make renewables attractive
to investors with natural gas at $2/MMBtu, Abraham noted.
Investments in solar energy, wind farms and other renewable
energies are easier to justify when gas prices are higher;
otherwise, it is too expensive for consumers to make these
transitions.
If gas is allowed to take on a larger role in power generation, it will
supplant coal use and continue to influence transition in fuel
markets, Abraham said. At the same time, the combination of
more nuclear energy, supplemented by renewables, will help to
offset greenhouse gas (GHG) emissions.
Paris climate talks.
Franklin also asked about the state of climate talks in Paris and
the possibility of a carbon tax. Abraham advised breakfast
attendees to look toward the November 2016 US election for
development on carbon taxes and environmental policy changes.
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Keywords:
Diesel use in China dropped 3.7% in 2015 from the prior year,
according to new data made available Monday from the nation's
National Development and Reform Commission.
The decline is greater than the 1.5% drop in diesel usage in 2014.
Meanwhile, gasoline and natural gas consumption rose by 7%
and 5.7%, respectively.
The figures reflect divergent economic trends, as gasoline
demand in the world's top automobile market rises. Meanwhile,
slowing industrial production has hampered the diesel market.
Industrial output in China expanded by 6.1% last year,
representing the slowest pace of growth since at least 1999.
However, China's total vehicle sales are expected to rise a further
6% this year after increasing to a record in 2015.
In a forecast issued last month, the International Energy Agency
(IEA) expects Chinese diesel consumption to stay flat or fall in
2016, while gasoline use will rise by 200,000 bpd. Diesel exports
from China surged 75% last year, representing a record volume.
The 5.7% growth in natural gas was likely driven by a price cut in
November, according to industry analysts, since consumption in
the first 11 months of the year had only risen by 3.7%.
Oil rises, pares losses in January on hopes for production
deal
Reuters Sat 30 Jan, 2016
By Devika Krishna Kumar
NEW YORK (Reuters) - Oil prices rose on Friday, rebounding
more than 25 percent from 12-year lows hit last week and cutting
losses for the month, on prospects of a deal between major
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Other analysts said prices may have found a bottom and could
rally as high as $45 by year-end as non-OPEC supply is reduced
and global demand improves.
U.S. oil production fell in November for the second straight month
and U.S. shale producers, who have helped add to the glut, have
slashed 2016 capital spending plans more than expected.
Meanwhile, the U.S. oil drilling rig count fell for the sixth straight
week with more cuts seen, oil services company Baker Hughes
Inc (BHI.N) said.
"With more energy companies announcing cuts and OPEC
contemplating a cut, it looks like oil is forming a bottom," said Phil
Flynn, an analyst at Price Futures Group in Chicago.
"Now the question becomes how high can they go. The charts
look like a test near $40 is on the cards."
In a sign that the market sentiment was improving, hedge funds
raised their bullish bets on U.S. crude oil for the second straight
week, the U.S. Commodity Futures Trading Commission (CFTC)
said. [CFTC/]
"It's something that sub-$30 oil does. It makes some traders
inclined to think that we are have reached or are near a bottom,
so they want to be positioned ahead of it," said Gene McGillian,
Senior Analyst at Tradition Energy in Stamford Connecticut.
(Additional reporting Simon Falush and Dmitry Zhdannikov in
London, Meeyoung Cho in Seoul and Henning Gloystein in
Singapore; Editing by Marguerita Choy and David Gregorio)
Lower oil prices they arent good for everyone
By Jay Fitzgerald GLOBE CORRESPONDENT JANUARY 23,
2016
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ANDREW CULLEN/REUTERS
Receding oil prices have forced a decrease in drilling in North
Dakotas shale fields, leading to thousands of layoffs
Heres the economic question of the day: Arent lower oil prices
supposed to be a plus for the US economy?
Economists have long equated declines in oil prices to tax cuts,
putting more money into consumers pockets to spend elsewhere,
slashing heat, power, and material costs expenses for firms and
industries, and easing inflation.
Yet, over the past several weeks, financial markets have been in
turmoil, as investors dump stocks amidst concerns about a
worldwide oil glut, plunging oil prices, and slowing global
economy. US stock indexes have plunged as much as 9 percent
since the beginning of the year.
This reaction reflects a changing and more complex world, where
international markets and economies are more closely tied, and
the United States is not only the worlds biggest consumer of oil
and its products, but also now a leading producer.
Many economists insist that investor concerns over collapsing
crude oil prices which fell as low as $27 a barrel last week from
more than $100 per barrel 18 months ago are overblown.
Lower oil prices remain a net plus for most people, Mark Zandi,
chief economist at Moodys Analytics, the forecasting unit of the
bond rating company.
But Zandi and other analysts acknowledge there are always
negatives to wild swings in oil supplies and prices, whether up or
down. Here are some of the pluses and minuses in oils latest
crash, including its impact on local companies.
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Martin Wolf
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Pump jacks at the Belridge Oil Field and hydraulic fracking site,
the fourth-largest oil field in California. Photograph: Getty Images
Why have oil prices fallen? Is this a temporary phenomenon or
does it reflect a structural shift in global oil markets? If it is
structural, it will have significant implications for the world
economy, geopolitics and our ability to manage climate change.
With United States consumer prices as deflator, real prices fell by
more than half between June 2014 and October 2015. In the
latter month, real oil prices were 17 per cent lower than their
average since 1970, though they were well above levels in the
early 1970s and between 1986 and the early 2000s.
A speech by Spencer Dale, chief economist of BP sheds light on
what is driving oil prices. He argues that people tend to believe oil
is an exhaustible resource whose price is likely to rise over time,
that demand and supply curves for oil are steep (technically,
inelastic), that oil flows predominantly to western countries and
that Opec is willing to stabilise the market. Much of this
conventional wisdom about oil is, he argues, false.
US shale revolution
A part of what is shaking these assumptions is the US shale
revolution. From virtually nothing in 2010, US shale oil production
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has risen to around 4.5 million barrels a day. Most shale oil is,
suggests Mr Dale, profitable at between $50 and $60 a barrel.
Moreover, the productivity of shale oil production (measured as
initial production per rig) rose at more than 30 per cent a year
between 2007 and 2014. Above all, the rapid growth in shale oil
production was the decisive factor in the collapse in the price of
crude last year: US oil production on its own increased by almost
twice the expansion in demand. It is simply the supply, stupid.
One implication is that the short-term elasticity of supply of oil is
higher than it used to be. A relatively high proportion of the costs
of shale oil production is variable because the investment is quick
and yields a quick return. As a result, supply is more responsive
to price than it is for conventional oil, which has high fixed costs
and relatively low variable costs.
January 2016
January 2016
to the IEA, subsidies to the supply and use of fossil fuels still
amounted to $493 billion in 2014. True, they would have been
$610 billion without reforms made since 2009. So progress has
been made.
But low oil prices now justify elimination of subsidies. In rich
countries low prices could and should have been used to
impose offsetting taxes on consumption, thereby maintaining the
incentive to economise on use of fossil fuels, increasing fiscal
revenue and allowing a reduction in other taxes, notably on
employment. But this important opportunity has been almost
entirely missed.
One has to ask whether there is the slightest chance that effective
action, rather than window-dressing, will emerge from Paris. I
hope to be proved wrong, But I am, alas, sceptical.
Oil slips below $33 as hopes for production cut fade
Brent for April delivery down $1.32 at $32.92 a barrel
January 2016
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TechScan
The new digital tools catching on in the old school oil field
Posted on January 6, 2016 | By Rhiannon Meyers
New digital tools changing the oil field
Baker Hughes
Baker Hughes employees monitor a customer's wells from the
company's operations center in Claremore, Oklahoma. The
Houston-based oil field services giant developed the round-theclock monitoring system in an effort to help its customers bolster
production.
Oil and gas companies have been working for years on ways to
swap out pencil and paper in the oil patch for sophisticated
sensors and iPads, but the digital oil field initiative fell by the
wayside during the recent shale boom when speed mattered
more than efficiency.
That effort is now gaining renewed attention during the worst
crude slump in decades as oil and gas firms scramble to squeeze
more out of their smaller fleet of wells and workers.
Read more about the new technology changing how oil workers
operate in the field at HoustonChronicle.com.
Categories: Crude oil, Oil field services
Tags: crude oil | iPads | oil field services | oil prices
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Enable
100%
Renewable
January 2016
Read
more: http://www.environmentalleader.com/2016/01/19/dupontadm-biotech-will-enable-100-renewable-chemicalsplastics/#ixzz3yzVjxF3t
RFCC Failure Analysis - A CASE STUDY
May please like to share with all FCC people of your refinery..
Major accident and failure of stationary equipment in the RFCCU
01.01.2016 | Seok, W., SK Energy , South Korea; Lee, S.,
SK Energy , South Korea in HP
The four case studies cover component failures and multiple
types of leakage: valve packing, expansion joint and
corrosion. Each case study systematically identifies cause,
countermeasures taken and lessons learned.
Keywords: [residue] [cracking] [failure] [lessons]
Several lessons were learned during the operation of two residue
fluidized catalytic cracking units (RFCCUs) built in 1995 and
2008. An RFCCU converts atmospheric residual oil to create
lighter hydrocarbons under very high temperature conditions, and
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Lessons learned. The quality for inserting inner tubes into outer
tubes should be checked through a side nozzle, or by another
method, when conducting tube replacement. If the outer tube
failed, the repair can be done without a total shutdown, but
caution must be taken prior to beginning repair work.
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mechanical
maintenance
division
in refinery and petrochemical plants, especially resid
fluid catalytic cracking, hydrodesulfurization, lube base
oil and those that operate under very high pressure or
high temperature. He has participated in many large
plant construction projects as a key mechanical engineer
and advised on procurement, design, fabrication
and constructionprocesses. He has a BS degree in
mechanical engineering from the University of Ulsan in
South Korea, and has earned an international welding
engineer degree from the International Institute of
Welding.
WoomyungSeok is a maintenance and detailed design
engineer at SK Energy in Ulsan, South Korea. He has
over
nine
years
of
experience
in
static
equipment maintenance and engineering, especially
within RFCC plants. He has a BS degree in mechanical
engineering from the University of Ulsan in South
Korea.
Shocking! 'Electric Eel' Fibers Could Power Wearable Tech
by Charles Q. Choi, Live Science Contributor
January 21, 2016 03 ACC Smartbrief
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The researchers suggested that the eely fibers could help power
miniature electronic devices. For example, in experiments, they
created energy wristbands to power electronic watches, and wove
fibers into T-shirts to power 57 light-emitting diodes (LEDs). In the
future, these energy fibers "might be incorporated into our daily
clothes to power our wearable devices, such as the Apple Watch
and Google Glass," Sun said.
The scientists also connected their capacitor fibers to fibershaped solar cells to create material that could both harvest and
store energy. In experiments, these combinationfibers generated
10 volts of electricity when exposed to light enough to power
some types of small electronic devices, they said. Solar cell fibers
could also recharge battery fibers in wearable devices, the
researchers said.
Putting Fuel Cells Inside the Data Center
November 14, 2013 By Linda Hardesty
The idea is to bring the power plant inside the datacenter,
effectively eliminating energy loss, according to a blog posting by
Sean James, senior research program manager at Global
January 2016
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recently analyzed the cost of onshore wind power, and found that
it has dropped to the level of coal-fired generation and thats
even without including the cost of health and environmental
effects caused by coal.
January 2016
Between 1988 and 2014, the levelized cost of onshore windgenerated electricity has dropped by 65%, thanks in large part to
the growth of the industry which has allowed the economics of
scale and maturation of technology to drop the cost.
IRENA data provided courtesy of The Institution of Engineering
and Technology
Northern Ireland wind energy 'cheaper than gas generation' by 2020
GENERATING power through onshore wind farms will be
cheaper than through new gas projects by 2020, according to a
leading lobby group.
But the Northern Ireland Renewable Industry Group (NIRIG) said
that would only be possible through if "appropriate policy and
regulatory conditions" were in place.
The body is holding its annual conference in Belfast today.
It is using the occasion to call for certainty over the north's energy
policy which it said is "vital to future opportunities" for renewables.
Wind energy satisfied 20 per cent of the north's electricity needs
in 2015.
And it reached a new record of 583MW on June 1 last year,
providing 48 per cent of Northern Ireland's electricity.
Doubt has been cast over future projects with changes in how
they are incentivised.
The north's scheme for subsidising wind energy projects is due to
close in April, a year earlier than planned but in line with the
closure of the UK-wide initiative.
The decision has faced opposition, especially from farmers, many
of whom had applied to erect single turbines in an effort to avail of
the blanket payments on offer.
Stormont energy minister Jonathan Bell said he had hoped to
keep the scheme open but had his hands tied by his counterparts
in Britain.
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The special blend means the state typically has the highest gas
prices in the U.S.
Exxon is appealing Cal OHSAs findings.
Federal investigators agreed that serious safety deficiencies led
to the blast that occurred when Exxon shut down the fluid
catalytic cracker unit to do repairs.
With the unit down, Exxon pumped steam in to prevent
hydrocarbon gas from seeping out, but workers complained about
the steam and so the volume being pumped was reduced, said
Mark Wingard, the boards investigator-in-charge.
The reduction was in line with a similar repair plan used in 2012,
but aging equipment changed the scenario and Exxon did not test
to make sure the lesser steam pressure was still sufficient to
prevent a leak.
A valve that had not been checked in five years failed and
allowed the hydrocarbons to seep through the system until they
reached an electrostatic precipitator, where a spark ignited the
gas and caused the explosion.
If Exxon had shut down the electrostatic precipitator, the accident
never would have happened, Wingard said. In addition,
investigators found five or six pieces of equipment including
the faulty valve that failed because they had not been
maintained, he said.
A full maintenance overhaul was due in June, four months later.
Exxon managers also failed to talk to workers who knew the valve
was faulty, said Don Holmstrom, western regional director of the
chemical safety board based in Denver.
Two other recent incidents at the Torrance plant have frayed
nerves.
In September, the Fire Department reported a leak of modified
hydrofluoric acid and a month later, a leak in a pressurized pipe
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Stopping Zika
Currently, there is no vaccine or medication to stop Zika. The only
way to avoid catching it is to avoid getting bitten by
the Aedes mosquitoes that transmit the infection.
The WHO has already warned that Zika is likely to "spread
explosively" across nearly all of the Americas. More than 20
countries, including Brazil, are reporting cases.
Most infections are mild and cause few or no symptoms, although
there have been some reported cases of a rare paralysis disorder
called Guillain-Barre syndrome.
The bigger health threat though is believed to be in pregnancy, to
the unborn child.
Dr Jeremy Farrar, Director of the Wellcome Trust, said: "There is
a long road ahead. As with Ebola, Zika has once again exposed
the world's vulnerability to emerging infectious diseases and the
devastation they can unleash. Alongside the emergency response
that Zika necessitates, we must put in place the permanent
reforms, health systems strengthening and proactive research
agenda that are needed to make the global health system more
resilient to the threat of future pandemics."
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Are you worried about the Zika virus? Have you planned to
travel to areas where there have been cases of the virus?
Email your stories tohaveyoursay@bbc.co.uk.
Please include a contact number if you are willing to speak to a
BBC journalist. You can also contact us in the following ways:
January 2016
Climate Change
How Engineers Can Adapt Infrastructure Design for a
Changing Climate
Winn Hardin, 03 December 2015
Mud flows on Oct. 15, 2015 shut a 30-mile stretch of I-5. Image
source: Getty Images via Univ. of Arkansas
Now in its fourth year of severe drought, California is juggling with
knives. Groundwater levels are falling. Seawater intrusion
threatens drinking water supplies. Sinking land and erosion
expose structural vulnerabilities. But drought alone does not
cause infrastructure failure. Factor in heavy rainfalls or an
earthquake, and that precarious knife-juggling act could result in
some serious consequences.
(Read Hardening the Infrastructure: Flood Management
Controls.)
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Figure
2.
A
view
inside
the
CCS
facility
of
SaskPowers Boundary Dam Unit 3 in Canada. This plant, with
more than one year of operation, is the worlds first coal-fired
power plant to capture and store the CO2 from the fluegas
CCS achieved an important milestone in the fall of 2014, with the
startup of SaskPowers Boundary Dam Unit 3 (120 MW) in
Canada (Figure 2) the worlds first commercial power plant to
come online with CO2 capture (for more details, see CO2Gets
Grounded, Chem.
Eng., April
2014,
pp.
21
23; www.chemengonline.com/co2-gets-grounded).
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illustrates very clearly that we have long entered a new era, and
that in the Anthropocene humanity itself has become a geological
force. In fact, an epoch could be ushered in which might be
dubbed the Deglacial."
Source: Potsdam Institute for Climate Impact Research (PIK)
Sustainability
CAIRN INDIA PROVIDING SAFE DRINKING WATER TO THE
COMMUNITY IN BARMER, RAJASTHAN
Companys initiative to bring safe drinking water to more a
million lives in parched districts of Rajasthan
Barmer, Rajasthan: Hundreds of villages in the desert district of
Barmer, got what they needed the most, clean and safe drinking
water. A Memorandum of Understanding (MoU) was signed today
between the Public Health and Engineering Department (PHED)
of Rajasthan and Cairn Enterprise Centre Society. As per the
MoU, water purification plants will be established and maintained
to provide clean and safe drinking water to more than 800 villages
in Barmer.
The MoU was signed in presence of Principal Secretary PHED, J
C Mohanty and Manoj Aggarwal the Head of CSR, Cairn India.
Given that the Barmer district has an acute shortage of quality
drinking water with available underground water being unsuitable
for drinking (highly saline total dissolved solids (TDS) content
>3,000 with high fluoride content), there are several prevalent
water borne diseases that impact the quality of life. These also
lead to a high incidence of diarrhoea, which in turn leads to a high
Infant Mortality Rate (IMR) as well as Maternal Mortality (MMR) in
the area, besides widespread incidence of fluorosis, etc.
Hence, Cairn has planned a major CSR intervention to support
the Government of Rajasthan (GoR) on water treatment to make
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the available water safe for drinking and ensuring delivery of the
safe drinking water to households.
The initiative will involve setting up of 333 small scale Reverse
Osmosis (RO) plants (1,000 to 3,000 litres per hour capacity) over
the next three years to provide safe drinking water to a large
number of people (estimated in excess of 1 million) living in ~800
villages.
BACKGROUND TO THE PROJECT
Cairns intervention to provide safe drinking water to the
community focuses on the Barmer district, part of the Thar Desert,
said to be the most densely populated arid zone in the world with
a population density of ~90 people per square km. Temperatures
can reach more than 50 oC during summer.
Accordingly, Cairn India initiated the JeevanAmrit pilot project in
collaboration with PHED, GoR, to ensure safe drinking water to
the communities in the districts of Barmer and Jalore through the
establishment of RO facilities. Due to the extremely positive
community feedback, Cairn is now substantially increasing the
scale and scope of our project. In partnership with PHED, GoR,
Cairn will establish as many as 333 water purification units across
the district over three years; this would make our intervention one
of the largest in the country, impacting as many as a million-plus
people.
At present, for the pilot project, Water Committee is responsible
for collecting all user charges and operations and maintenance of
the RO facility. The model Cairn has adopted ensures widespread
distribution at the point of consumption. Water ATW (Any-time
Water) kiosks have been established at a number of access
points; the community is provided with pre-paid smart cards with
which they can access water at their convenience in a manner
similar to the access provided by bank ATM machines.
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finally settling for foldable pipes. It took her about four models
before the fifth one finally worked.
How does it work?
According to media reports, thanks to her design, the shower
uses only 15 litres of water for one person as opposed to the 80
litres that is normally used. So effectively, 65 litres of water per
person,
per
shower
is
being
saved.
It seems the technology can supply water to a population of 17
lakhs for 34 days.
Nerkars invention was noticed by District Collector Dipender
Singh Kushwah. She has now applied for a patent as well.
The young inventor is also a good painter, has a collection of
3,000 erasers, plays the keyboard, likes basketball and is also an
amateur magician!
She says, My next step to improve this innovation and make it
more environment-friendly is to develop a sensor which will save
water when the person is not under it!
Meet 12-year-old girl who has invented a shower that saves
up to 80% water
January 2016
Shrusti has applied for a patent of her new invention. Her older
brother Amey who studies in standard 12 already holds a patent
for devising a smart helmet that would not allow ones scooter to
start till it is worn by the rider. Their father, NarendraNerkar, a
professor of electronics at the government polytechnic college,
swells with pride at the accomplishments of his children.
Why your Organisation Needs a Chief Sustainability Officer
Organization charts normally have boxes for lots of chiefs
whether its chief executive officer (CEO), chief financial officer
(CFO), chief operating officer (COO) or even chief technology
officer (CTO) to indicate positions of senior responsibility for
large areas the organizations day-to-day and strategic
operations. However, organizations that are making an explicit
commitment to more sustainable business practices have not yet
granted the same seniority to the person in charge of those
sustainability initiatives. There are a growing number of chief
sustainability officers (CSOs) out there DuPont appointed
Linda Fisher as CSO as far back as 2004 but for many
organizations, sustainability is seen as being part of other
strategic responsibilities such as compliance or environmental
health and safety, corporate affairs, marketing, community
relations, which precludes the creation of an entirely separate
division.
Greenwashing
As we have discussed in other blog posts, greenwashing is the
practice of using advertising and PR messages to promote a
commitment to sustainability that has no real evidence in
operational practice. Companies say all the right things but make
no significant changes to their business practices to support those
commitments. On that basis, many companies see no need to
support sustainability initiatives with a formal organizational
structure or operational metrics. The compliance department can
make sure that the company isnt breaking any rules, and
marketing can make sure that we are promoting all of our good
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lush, varied and full of animal and insect life. It was from this side
that the cacophony of sound was coming. The other side of the
ridge was less steep and had been commercially exploited as a
wood plantation: a monoculture of pine trees. No or very little life
other than the pine trees themselves could survive here.
By some standards, the pine plantations can be considered
"sustainable". They are well managed, re-planting takes place
and the soil is maintained in good condition. But what of the vast
amount of other life that has been driven out and destroyed in the
process of turning whole mountain ranges into managed forests?
Who bears the cost of that? The management of "externalities"
as such damage is un-emotionally labelled by economists has
proven to be one of the most intractable issues in moving towards
sustainability.
Neither does the ability for businesses to do damage or dump
their waste unhindered only hurt the environment. It can lead to
the creation of products that can be harmful to human health.
Take the Norwegian salmon farming industry and most salmon
farming elsewhere, much of which is controlled by Norwegian
companies. A report on farmed salmon by Green Warriors of
Norway, stated that "farmed fish is Norway's most toxic product."
Why?
Some salmon farms dump toxic waste into rivers and oceans.
Besides the obvious and substantial damage both to the oceans
and to ocean life, the ability to dump waste unhindered allows the
salmon
producers
to
use antibiotics and carcinogenic
chemicals in the farms in order to "optimise" the commercial value
of their product.
A proportion of these chemicals remain in the fish and, as a
result, the salmon we all eat may be far from the clean, healthy,
natural, product it is positioned as. Even the typical salmon
colouring is often chemically added as farmed salmon emerge
with dull, grey flesh. The issue of imposing costs on others has
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Recycling Conference. The 2014 National Postconsumer NonBottle Rigid Plastic Recycling Report also indicated that the
reported volume of recycled rigid plasticstracked separately
from bottles or filmis now four times greater than the volume
reported in just 2007.
This is really exciting news, said Steve Russell, vice president of
plastics for the American Chemistry Council. The combination of
more advanced sorting technologies coupled with expanded
consumer access is making a positive difference, and we look
forward to seeing growth in rigid plastics recycling continue.
Moore Recycling Associates Inc., which authored the report,
attributes much of the strong gain to a rebound from the 2013
Green Fence effort in China, improved bale quality, and growing
standardization of plastics balesthe unit by which post-use
plastics are sold after collection.
The source of non-bottle rigid plastics collected with the biggest
increase in 2014 was the Pre-Picked Bale, which is generated
from municipal programs and contains a mixture of products with
bottles removed.
The rigid plastics category contains food containers, caps, lids,
tubs, clamshells, cups and bulky items, such as buckets, carts
and lawn furniture, along with used commercial scrap, such as
crates, battery casings and drums. Typical end markets for these
materials include automotive parts, crates, buckets, pipe, lawn
and garden products, and thick-walled injection molded products.
As in prior years, polypropylene and high-density polyethylene
comprised the two largest resins in this category, representing
38.3 percent and 34.1 percent, respectively, of total rigid plastics
collected.
Approximately 64 percent of the 1.28 billion pounds of rigid
plastics collected for recycling was processed in the United States
or Canada, down slightly from 2013. The remainder was exported
overseas, primarily to China.
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Its
not
often
that
datacenter cooling is big news in the consumer media. But it was
yesterday: Microsoft introduced Project Natick, which focuses on
the placement of a datacenter on the ocean floor. The story was
covered everywhere.
The initial research vessel is named the Leona Philpot, a
character from the Halo video game. It was submerged and ran
on the ocean floor about one kilometer off the coast of San Luis
Obispo, CA from August to November of last year.
There are several advantages to the dumping a datacenter in the
ocean:
Microsoft ways that almost half of people live near the coast.
Serving them from nearby reduces latency and generally builds
efficiencies.
The ocean provides a natural source of power. It also cuts costs:
Since there are no people, those associated costs from
cafeterias to parking garages are eliminated.
Real estate costs are less as well.
While each of those advantages is appealing and they
cumulatively add up to tremendous savings the most important
driver of the project is cooling. Natural cold water cooling saves
prodigious amounts of energy.
Bob Johnson at Jilard offers good details on what Microsoft did.
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Leona Philpot contains a metal pod, eight feet across, which has
a rack of servers. These are surrounded by pressurized nitrogen
which, the piece says, aids in removing heat. Performance is
monitored by more than 100 monitors.
The on-board sensors helped the research team monitor data
such as motion, humidity, and pressure inside the pod. They
discovered that sounds from the pods fans were quieter than
nearby wildlife, and heat dissipated well so that temperatures
were only high about a few inches away from the data center.
It is no slam dunk: Johnson points out that the salty environment
is corrosive and could lead to leaks, storms could bounce the
submergible around and damage the sensitive gear and, of
course, equipment cant be fixed or replaced.
Clearly, there is potential. The question is if those liabilities can be
neutralized to the extent necessary carry the project forward.
Clearly, what Microsoft announced is the highest profile example
of liquid cooling of datacenter equipment. It is far from the only
one, however.
Another approach is being taken by Nautilus Data Technologies.
The company is using the water but not by submerging the
datacenter. Its Waterborne Data Center is mounted on a barge,
which is moored in a secure location.
The system employs a secondary closed-loop heat exchange
technique that does not waste water, which is a considerable
advantage over other implementations. Nautilus claimed this can
save up to 130 million gallons of water a year in comparison to a
mid-size land-based datacenter with a water cooling architecture.
The story says that that datacenter is 30,000 square feet. The
power source, conversion and backup systems are on land. This
means that the equivalent land-based datacenter would be
80,000 square feet.
Thats a bit misleading, of course, because the only space that
truly is saved is for the cooling.
It will be interesting to see if Nautilus eventually creates a version
of the datacenter that is self-contained on the barge. That would
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F2F
How Ericsson aligned its people with its transformation
strategy: An interview with chief HR officer BinaChaurasia
A recent shift in strategy required an overhaul of HR.
Ericssons chief human-resources officer, BinaChaurasia,
describes how skills, technology, and processes had to
change on a global scale.
January 2016
Its been more than a decade since Ericsson relied on its own
mobile-phone production, and nearly four years since it sold its
stake in the SonyEricsson joint venture. In 2010, Ericsson
embarked on a journey to reframe its strategy and become a
leader in telecom services, software, and hardware.
This strategic shift brought with it a talent challenge, as new
markets and priorities required different capabilities. In this
interview
conducted
by
McKinseys
Simon
London,
BinaChaurasia, Ericssons chief human-resources officer,
describes how the company has revamped HR in response
increasing its agility, coordination, global scale, and ability to
leverage data analytics.
The Quarterly: What was the business context for the
organizational changes human resources has been driving over
the past few years?
Sidebar
BinaChaurasia biography
Education
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those plans, and determine how well fill the gaps. The
aggregated information creates clear demand signals for our
learning and recruiting teams. They know exactly what
competence will be needed by which date, and in which country.
And how you fill those competence gaps is equally important. You
cant just go and hire all of them. You have to have a clear idea of
what talent to hire, what learning programs to develop, and at
what scale. It has always been very important to us as a company
to focus on developing our employees competence instead of
just relying on hiring from the outside.
The Quarterly: How do you manage your talent pipeline?
BinaChaurasia: Hans and I meet annually with every member of
our global leadership team, and their HR partners, to review their
talent and succession plans. The executive-leadership team then
calibrates our top talent as a group and this talent-planning
process culminates in my presentation to the board of directors.
Over the years, our talent pools have been extremely healthy for
any position. So when we look externally, its because we want to,
not because we have to.
The Quarterly: Have you put any directional targets in place
when it comes to geographic presence or diversity?
BinaChaurasia: Along with many leading Silicon Valley tech
companies, we publicized our diversity figures. We werent happy
with the reality, so we put down a milestoneby 2020, at least 30
percent of our global employees will be women, up from 22
percent in 2014. It starts with the tone from the top. Hans has
changed the makeup of his own leadership team. Before, there
was one woman on the executive team; now there are four. If
employees dont see it from the leaders, then it wont happen
across the board. Ive also been very clear in communicating our
philosophy: Not only do you have to send the right signals from
the top, but you have to make it organic so its not about a quota
system; naturally embed it into your hiring and talent-review
process. Finally, make it locally relevant.
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HAM: The low price of oil, coupled with the high cost of
production, makes exploiting shale resources unfeasible at the
moment. However, shale is not going anywhere. As the price of
oil climbs back up and technological improvements make
production less expensive, shale will become more and more
attractive.
The major oil and gas operators in Saudi Arabia are taking a longterm strategic approach to shale. In the coming five to 10 years,
the majority of investments will be in unconventional gas.
Companies in the downstream sector all need gas, so GCC
countries are dedicated to looking for gas resources.
TOGY: What steps is Saudi Arabia taking to maximise its
resources and boost its output?
HAM: World oil consumption is around 93 million barrels per day.
OPEC contributes 30 percent to the total world production. The
worlds population is increasing. At the same time, production at
major oilfields is decreasing. The big oilfields in Saudi Arabia and
in other countries have been in production for many decades.
Some of them are now in decline.
To compensate for the decline in production, oil and gas
producing countries are investing a lot in production enhancement
activities. I do not see this trend changing in the future.
Saudi Arabia is looking for new discoveries in both
unconventional and conventional resources. While shale has
become a major industry in the US, it is a medium to long- term
strategy for Saudi Arabia due to the high cost of production. For
the moment, Saudi Arabia is relying on its existing reserves and
new conventional discoveries, which are less expensive to
produce.
TOGY: To what extent does the upstream sector encourage
technological innovation?
HAM: Oil accounts for a large share of Saudi Arabias economy.
The upstream is a tough sector, made more difficult by the fact
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WD: Over the years, people have often asked me that question
and I dont believe there is right answer. I think its unique to the
individual and achieving balance is something you have to focus
on every day. What balance looks like for me on one day may not
be the same the next.
I am very fortunate to have a fantastic husband and two beautiful
children who, as my home team, have been very supportive of
my career. We work to make sure that we prioritize our time with
a focus on enjoying the journey together.
For example, when I joined Kellogg and we were planning to
move to Chicago from Baltimore, I knew I would be commuting for
a long period of time, so I asked the kids about activities or events
that were most important to them that I attend. While I knew I
wouldnt be able to be at everything, we agreed that I would do
everything possible to move my schedule to be present at the
things that were most important to them. There are many nights
when I leave work early to attend a school function or sporting
event, and then power up the laptop later in the evening. Those
arent the hours I expect my team to work, but those are the
things that work for me and my family. For me, its all about
communication with those closest to me to ensure clear
expectations and managing the give-and-take on a daily, almost
hourly basis.
SB: Kellogg was named one of NAFEs Top 50 Companies for
Female Executives again this year. What does Kellogg do to
help women succeed in the industry?
WD: Kellogg strongly believes in investing in talent development,
building a pipeline of future leaders and fostering a diverse and
inclusive environment. Our internal employee resource groups
Women of Kellogg and Women in Supply Chain continue to drive
positive change in the organization through professional
development and by fostering stronger engagement across the
business. This helps women build on their leadership skills, drive
organizational excellence and create strategic connections with
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BookScan
Employee problems are your problems, too.
Responsibility and accountability
By Marlene Chism on February 1st, 2016 /SmartBrief/SmartBlog
on Leadership
Leaders should view employee problems as opportunities to hold
themselves accountable and take difficult actions, not simply
blame the employee, writes Marlene Chism. "As long as the
problem is Ron, Rick, or Randy's performance, there's no
personal development and no personal responsibility required on
the part of the leader," Chism writes.
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leaders who did not get back to people, dropped balls, and made
promises that were not fulfilled unless they were reminded again
and again. These patterns indicate a potential problem with
accountability because the leaders do not have the right skill set.
fourth problem is discipline. Sometimes leaders have too much
power, and because no one seems to be holding them
accountable, they lose awareness that their own lack of discipline
sets a bad example.
The more these kinds of problems are tolerated, the more poor
decisions affect the culture. The only reason an employee is
disruptive, lazy, confrontational, or ineffective is because it is
allowed. When a leader has a drama perspective, she blames the
employee. Initially, blaming feels better than taking responsibility.
As long as the problem is Ron, Rick, or Randys performance,
theres no personal development and no personal responsibility
required on the part of the leader
A leader with a more enlightened approach asks, What can this
employee teach me about my leadership weaknesses? These
kinds of questions are never asked until you shift your identity
from supervisor to leader. Companies that consciously decide to
develop leadership identity have much more success with
creating a culture of accountability.
January 2016
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Recite.com
Every company needs a vision, and its usually the person at the
tops job to articulate it. But having a household name is not a
requirement of a visionary leader; in fact, those who wish to
become one tend to do their organizations a disservice. Having
worked with many struggling organizations over the years, Ive
seen all kinds of leaders, from the humble steward to the arrogant
tyrant. You can guess which behavior is more helpful for returning
a company to its feet.
Weve witnessed firsthand the not-so-fine line between
compelling vision and simple conceit. How to tell whats driving
the leader of your organization? Three questions tend to tell the
tale.
Are they confident, or arrogant? When someone is confident in
their vision, they find delight in bringing others along. Theyre
excited to share their thinking, hopeful that it inspires their team,
and motivated to lead them into the future. Arrogance, however,
breeds contempt; contempt for those who dont get it, those who
ask hard questions, or those who dare make a contrary
suggestion. Contempt can be subtle but its impossible to hide.
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(TED) MatthieuRicard
MatthieuRicard, a 69-year-old Tibetan Buddhist monk, has been
called the "world's happiest man."
That's because he participated in part of a 12-year brain study on
meditation and compassion led by University of Wisconsin
neuroscientist Richard Davidson. And Davidson found his brain
waves and activity to be off the happiness charts.
In 2008, Davidson had a group of expert meditators (including
Ricard) and a group of controls (people who were not
experienced in meditation) meditate on compassion, he reported
in Scientific American.
Then he had them listen to the sounds of several stressed-out
voices. Davidson found that two brain areas known to be
involved in empathy showed more activity for the meditators than
for the non-meditators, suggesting that people like Ricard have
an enhanced ability to respond to the feelings of others and
empathize without feeling overwhelmed.
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"Having some kind of inner resources to deal with the ups and
downs of life, whether that's resilience or inner strength that's a
huge advantage against stress," Ricard says.
"If something unpleasant happens, just say: 'First, it won't last.
Second, I can deal with that because I know I can keep my
balance. And after all, it's not such a big deal so okay, no
problem.' Or if people criticize you just say, 'So what? Why is this
going to prevent me from being healthy and from sleeping?'
"The stress doubles the problem. First you have the worry, then
you have to worry about the problem, which is totally unnecessary
because if there is a solution then just do it. If there is no solution,
then why worry? That's just adding to your problems."
Why you should give mentoring all you've got
Mentors should adopt an abundance mindset that assumes the
more they give of themselves, the more they'll receive, writes
Naphtali Hoff. "Such abundance thinking can be felt and sensed
by proteges. They come to quickly recognize how invested the
mentor is in their success and they make sure not to disappoint,"
Hoff explains.
SmartBrief/SmartBlog on Leadership (1/13/2016)
Recently, I wrote two posts relating to mentoring and abundance
theory, respectively. The first article focused on distinguishing
between mentors and supervisors and the important role that
mentors play on the growth and job satisfaction of their
protgs/mentees as well as their own. The latter contrasted
abundance theory from scarcity theory. This post will seek to build
upon those articles by applying abundance thinking to the
mentorship process in order to help both the mentor and protg
gain the most from the experience.
Not long ago I was invited to speak to a group of advancement
professionals on the topic of mentorship. There were
approximately 80 people in the room and I instructed them all to
imagine an ideal mentoring arrangement. Using a scaling
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I
had also asked participants to tell me what a 1 (lowest score)
looked and felt like. Mostly, the response sounded like the
opposite of a 10. Specifically, some shared that they felt used in
bad mentorship pairings; it was as if the mentor was most
interested in resume building and that the protgs growth didnt
matter. They also cited feeling a lack of validation.
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Credit: Pixabay
1. Pick one thing you like to do or are good at but probably
should not be doing at your level and delegate it. Thats right, let it
go! Just be sure to provide appropriate support and coaching to
your delegee (new made-up word).
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Define where there were gaps ask others for their feedback
and insight on the skills that either help or hinder in closing the
gap.
Define the skills you will continue to practice and the new ones
you need to gain.
Weekly
Provide positive feedback to those who are practicing the
kinds of skills that support your team and goals.
Write down where you notice the organization is thriving and
what practices are supporting those achievements.
Experiences
Put yourself in situations to test your skills and to keep them
active.
Make sure you get to the front line of how your business or
organization runs dont be so far away you forget what it
takes to deliver on your promises.
Practice your skills in areas where you are uncomfortable and
they dont feel natural.
If you are going to lead, you have to own your development
process and maintain your personal motivation through regular
reflection and by practicing the habits that create success for you
and others.
Synthesis CEO Bobbie Goheen is expert
in focusing top-management dynamics on
a shared vision, specific goals and creative
collaborations to achieve them. She has
done this for Fortune 100 corporations,
clients large and small and across a range
of enterprises here and abroad. Connect
with her onTwitter and Linkedin.
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