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Petromin marine and offshore Jan-Feb Issue

Editorial Chief Editor

Editorial Chief Editor Mohana Velu Rajendran Group Editor Vishnu Pillai Tel: 6222 3422 email: editor@media-buz.com Graphic Artist Chua Ai Hwa email: graphics@media-buz.com Advertising Co-ordinator Jaquilyn Tel: 6222 3422 email: marketing@media-buz.com All Geared Up… Subscription/Circulation Mary Tel: 6222 3422 email: info@media-buz.com Conference Co-ordinator Mary Tel: 6222 3422 email: info@media-buz.com EDITORIAL ADVISORY BOARD Dr. Michael J. Economides Professor of Chemical Engineering University of Houston Prof. F.E. Banks Uppsala University Sweden Prof. Eugene M. Khartukov International Center for Petroleum Business Studies Moscow, Russia Stuart Crampin University of Edinburgh Lau Siew Ming JP Kenny Wood Group Saeid Mokhatab Process Technology Manager Tehran Raymand Consulting Engineers Correspondents Australia/PNG Brian Wickins Dhaka, Bangladesh Ghazi Mahmud Iqbal Beijing, China Wang Yong Delhi, India Siddharth Raghavan New Zealand Neil Ritchie Pakistan Dr Salman Salf Ghouri 2018 looks set to be a watershed year for the oil and gas and marine industries. The last few years have been destabilizing for the oil and offshore industries. Mr S. Iswaran, Singapore’s Minister for Trade and Industry, noted that that the past three years have been “difficult” for the industry, and that while recovery is in sight with crude prices stabilising above US$60 of late, oil companies are still cautious. In itself that’s nothing to shout about; but when you juxtapose that sentiment of cautiousness with what used to be desperation and desolation, it smells of roses. Just two years ago there were fears that the offshore oil industry would never recover! There were some quarters who believed that the oil prices would remain depressed and never reach a point where deepwater E&P would return to being financially viable. The marine engineering sector was not spared in this period. To illustrate, according to the President of the Shipbuilding and Marine Engineering Employees’ Union (SMEEU) (Singapore), Mr Tommy Goh, over 40,000 workers have either been retrenched or not had their contracts renewed since early 2016, when oil prices tumbled to below US$30 a barrel. However, as I’ve consistently maintained, the durability of the oil and marine industries, and their ability to progress through innovation and technological advancements cannot be overstated. To once again use Singapore as a microcosm, despite the downturn of the last few years a new blueprint has been launched recently to lift the marine and offshore engineering (M&OE) sector out of the doldrums. The sector is expected to add 1,500 new jobs and contribute S$5.8 billion to Singa- 4 January to February 2018

ADVERTISING SALES OFFICES HEAD OFFICE pore’s gross domestic product (GDP) by 2025 through its Industry Transformation Map (ITM). The need to re-evaluate, innovate and upgrade, and the need to keep clients and peers engaged, is pervasive and encompasses every sector within the energy and marine industries, meaning that as providers of a knowledge sharing platform we are under the same pressures. I dare say we have responded positively and effectively (which we believe will be proven in time). After almost a year of surveys, discussions and planning, we have utilised the industry players’ input to revamp our publications and technical events, as well as adding new associated services for our working partners. Starting with this publication, you would have immediately realised the change of name from PetroMin to Petromin Marine & Offshore, as well as a fresh new look. The scope of the content too has been widened, with the absorption of PetroMin Pipeliner meaning that the pipelines sector will now be covered by Petromin Marine & Offshore, and the incorporation of marine technologies. The offshore and marine sectors, though different in many ways, share enough synergy to make this a logical progression and will ensure the publication becomes a more holistic reference point for information. The calls for more information on trends, industry direction, and legislative issues have also been heeded, and you will find in this issue, and those to follow, answered. Hydrocarbon Asia, the oldest regional magazine focused on the downstream sector, has been renamed Petromin Hydrocarbon Asia, and it too has had its look upgraded. The publication will also now cover alternative fuels as the demands for greener energy escalate. Besides our technical events, mainly due to an overwhelming demand for B2B interaction, we have also initiated proceedings to organise roundtable discussions and webinars for mid-scale interaction, as they are more focused and objective-oriented than conferences and trade shows. What we are providing are tailor-made solutions to meet the needs of the industry. As always, our aim is the be the premier information provider for the industry, to be the link between the various components and players of the industry, and we will aid the resurgence of the oil & gas and marine industries. Group Editor Vishnu Pillai SINGAPORE Mediabuz PTE LTD 8@TradeHub 21 8 Boon Lay Way #09-10 Singapore 609964 Tel: 65-6222 3422 Fax: 65-6222 5587 Contact person: Mary Email: info@media-buz.com MEDIA REPRESENTATIVES AUSTRALIA: Brian Wickins Tel: 61-8-9-446-3039 Fax: 61-8-9-244-3714 ITALY: Anna De Bortoli Tel: +39 348 9691420 Email: milano@ediconsult.com JAPAN: Ken Takahashi Tel: 81-3-3443-2748 Fax: 81-3-3443-8275 SOUTH KOREA: Chang Hwa Park Tel: (+82) (+2) 364-4182/3 Fax: (+82) (+2) 364-4184 VIETNAM: Nguyen Thanh Trung Tel: +84 936 307 889 Fax: +84 3766 4360 Email: trung.pcn@gmail.com January to February 2018 5

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