Kuala Lumpur, 20 July - A memorandum of Understanding (MOU) signing ceremony was held today between Universiti Teknologi PETRONAS (UTP) and PetroEdge Pte. Ltd. (AsiaEdge Pte. Ltd.) and NrgEdge Pte. Ltd. for the development of student digital learning and career progress in the energy industry. The event was held at UTP’s Centre for Advanced and Professional Education (CAPE), Kuala Lumpur.
This international MOU marks UTP as being one of the earliest adopters to such strategic partnership in this region.
The collaboration between UTP and PetroEdge, a specialist in oil and gas training provider entity of AsiaEdge Pte. Ltd., and NrgEdge Pte. Ltd., a professional networking platform for the energy industry, will be in effect for three years. It aims to establish a formal collaboration between the companies in providing training and networking opportunities specifically within the oil and gas, energy industry.
This will allow UTP students and lecturers to network with various worldwide recognised organisations in seeking internships and jobs, participate in online forums and discussions, as well as immerse themselves in digital technical learning such as webinars and virtual reality modules through the company’s dedicated learning platform at www.nrgedge.net/learning.
The MOU was signed by Datuk Ir (Dr) Abdul Rahim Hashim, Vice Chancellor of UTP and Malina Raman, Director of AsiaEdge Pte. Ltd. and NrgEdge Pte. Ltd., Singapore. The signing was witnessed by Associate Professor Dr Fawnizu Azmadi Hussin, Director of Strategic Alliances Office, UTP and Mohammad Khalid, Chief Technology Officer, NrgEdge Pte. Ltd.
About Universiti Teknologi PETRONAS
Universiti Teknologi PETRONAS (UTP) was established in 1997 and has grown to be one of the most prominent private universities in Malaysia. This year marks the 20th anniversary of the university. UTP offers a wide range of industry-relevant engineering, science and technology programmes at undergraduate and postgraduate levels and aims to produce well-rounded graduates with excellent leadership qualities and communication abilities. UTP has produced more than 14,000 graduates and currently has an enrollment of over 1,200 foundation, 6,000 undergraduates and 1,200 postgraduates from more than 66 countries around the world. The university conducts extensive research activities in collaboration with PETRONAS and other institutions and industries locally and abroad focusing on nine niche areas. They are Enhanced Oil Recovery, Carbon Dioxide Management, Deepwater Technology, Nanotechnology, Green Technology, Biomedical Technology, Hybrid Energy Systems, Intelligent Cities and Sustainable Resources. UTP is the first and only private university to be awarded a six-star rating (the highest performance level) by Ministry of Higher Education Malaysia for its research, development and commercialisation efforts. For more information, visit www.utp.edu.my.
About AsiaEdge and NrgEdge
AsiaEdge Pte. Ltd. is the holding company of PetroEdge. PetroEdge is the training entity in the AsiaEdge group for the oil and gas industry. NrgEdge is a professional networking platform dedicated to the energy industry. NrgEdge has about 15,000 members and growing daily. It is available on iOS and Android applications besides its dedicated website www.nrgedge.net.
PetroEdge and NrgEdge collaboration with UTP
PetroEdge and NrgEdge hope that their collaboration with UTP will allow students to better themselves through various learning and networking opportunities and explore the energy industry beyond this region. As part of this objective, NrgEdge will select two students from UTP to be NrgEdge Ambassadors.
The NrgEdge Ambassador programme aims to encourage students to volunteer and learn networking skills while they are still pursuing their education. The NrgEdge Ambassador will play the role as a campus influencer, channelling information about the energy industry and career development opportunities to their cohort. The Ambassador programme will help students enhance their soft skills development from on-site volunteering opportunities at networking events and speaking engagements sessions. The Ambassadors will also be able to access premium career coaching with our internal talent advisory faculty for their future undertakings.
PetroEdge Pte. Ltd. (AsiaEdge Pte. Ltd.)
& NrgEdge Pte. Ltd.
+65 6741 9927
University Teknologi PETRONAS
+6 05 368 8000
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Year-over-year increases in U.S. proved reserves resulted in record-high levels of crude oil and lease condensate, up 12%, and natural gas up 9% in 2018, according to the U.S. Crude Oil and Natural Gas Proved Reserves, Year-End 2018 report. The U.S. Energy Information Administration (EIA) published its annual reserves report today, based on data reported on the survey Form EIA-23L, Annual Report of Domestic Oil and Gas Reserves, which highlighted the new records for reserves.
|Crude oil and lease condensate|
trillion cubic feet
|2017 U.S. proved reserves||39.2||42.0||464.3|
|Net change to U.S. proved reserves||+4.7||+5.1||+40.2|
|2018 U.S. proved reserves||43.8||47.1||504.5|
Strong oil and natural gas prices in 2018 drove the increase in oil and natural gas proved reserves in the United States to these record levels.
“The United States increased its proved reserves of oil and natural gas, establishing new records in 2018 according to a recently released EIA report,” EIA Administrator Linda Capuano said in a statement. “Crude oil and lease condensate increased by 12% from 2017, and natural gas climbed 9% during the same reporting period.”
Texas saw the largest net increase in natural gas proved reserves of all states in 2018 (22.9 trillion cubic feet (Tcf)) with the largest share of the increase coming from the Wolfcamp/Bone Spring shale play in the Permian Basin. The next largest gain in natural gas proved reserves in 2018 was in Pennsylvania (14.2 Tcf), with the largest share of the increase coming from the Marcellus shale play of the Appalachian Basin.
Proved reserves are those volumes of oil and natural gas that geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions. U.S. Crude Oil and Natural Gas Proved Reserves, Year-end 2018 is available at:
The product described in this press release was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA’s data, analysis, and forecasts are independent of approval by any other officer or employee of the United States Government. The views in the product and press release therefore should not be construed as representing those of the Department of Energy or other federal agencies.
EIA Program Contact: Steven G. Grape, 202-586-1868, [email protected]
For media inquiries contact: [email protected]
The global oilfield scale inhibitor market was valued at USD 509.4 Million in 2014 and is expected to witness a CAGR of 5.40% between 2015 and 2020. Factors driving the market of oilfield scale inhibitor include increasing demand from the oil and gas industry, wide availability of scale inhibitors, rising demand for biodegradable and environment-compatible scale inhibitors, and so on.
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The oilfield scale inhibitor market is experiencing strong growth and is mainly driven by regions, such as RoW, North America, Asia-Pacific, and Europe. Considerable amount of investments are made by different market players to serve the end-user applications of scale inhibitors. The global market is segmented into major geographic regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market has also been segmented on the basis of type. On the basis of type of scale inhibitors, the market is sub-divided into phosphonates, carboxylate/acrylate, sulfonates, and others.
Carboxylate/acrylic are the most common type of oilfield scale inhibitor
Among the various types of scale inhibitors, the carboxylate/acrylate type holds the largest share in the oilfield scale inhibitor market. This large share is attributed to the increasing usage of this type of scale inhibitors compared to the other types. Carboxylate/acrylate meets the legislation requirement, abiding environmental norms due to the absence of phosphorus. Carboxylate/acrylate scale inhibitors are used in artificial cooling water systems, heat exchangers, and boilers.
RoW, which includes the Middle-East, Africa, and South America, is the most dominant region in the global oilfield scale inhibitor market
The RoW oilfield scale inhibitor market accounted for the largest share of the global oilfield scale inhibitor market, in terms of value, in 2014. This dominance is expected to continue till 2020 due to increased oil and gas activities in this region. The Middle-East, Africa, and South America have abundant proven oil and gas reserves, which will enable the rapid growth of the oilfield scale inhibitor market in these regions. Among the regions in RoW, Africa’s oilfield scale inhibitor market has the highest prospect for growth. Africa has a huge amount of proven oil reserves and is one of the leading oil producing region in the World. But political unrest coupled with lack of proper infrastructures may negatively affect oil and gas activities in this region.
Major players in this market are The Dow Chemical Company (U.S.), BASF SE (Germany), AkzoNobel Oilfield (The Netherlands), Kemira OYJ (Finland), Solvay S.A. (Belgium), Halliburton Company (U.S.), Schlumberger Limited (U.S.), Baker Hughes Incorporated (U.S.), Clariant AG (Switzerland), E. I. du Pont de Nemours and Company (U.S.), Evonik Industries AG (Germany), GE Power & Water Process Technologies (U.S.), Ashland Inc. (U.S.), and Innospec Inc. (U.S.).
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Headline crude prices for the week beginning 9 December 2019 – Brent: US$64/b; WTI: US$59/b
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