APU Collaborates with PetroEdge and NrgEdge to Address Needs in the Oil, Gas & Energy Industry
Kuala Lumpur, 8 November 2017: Singaporean oil, gas and energy training provider, PetroEdge Pte Ltd, and the leading network for oil, gas and energy professionals in Asia Pacific, NrgEdge Pte Ltd, enters into a partnership with Malaysian private university, Asia Pacific University of Technology & Innovation (APU) today.
The Memorandum of Understanding (MoU) was signed by key representatives from each organization; Professor Ron Edwards, Vice Chancellor of APU, and Dr Lau Chee Yong, lecturer at APU School of Engineering; as well as Mohammad Khalid, Chief Technology Officer of NrgEdge, and Mohd Anas Asalem, Regional Strategic Partnerships Manager of NrgEdge.
Under this partnership, APU will benefit from NrgEdge’s expertise in its networking portal, in which APU students and academic staff will utilize the NrgEdge portal to communicate via forums, projects and discussions for industrial knowledge and information exchange.
Final year students of the B.Eng (Hons) in Petroleum Engineering and B.Eng (Hons) in Mechatronic Engineering will also be entitled to an account on the NrgEdge job portal, to be exposed to the career and internship opportunities. Additionally, this partnership encourages student participation in industry-related events and unlocks networking possibilities with key industry players.
Vice Chancellor of APU, Prof. Dr. Ron Edwards applauded the partnership, “Connectivity is the key to personal marketing and branding in the digital age. Whether it is securing a job or selling your services, being easily identified by employers and customers and presenting what you offer in an easily accessible form, are essential in the contemporary business landscape. In this context, I thank NrgEdge for making its platform for information exchange available to APU students. CV writing, job matching and the provision of up to date news from the oil and gas sector will be of great value to students.”
Upon the establishment of this partnership, APU looks forward to conducting events such as industrial talks, career fairs and hands-on workshops in collaboration with NrgEdge, to further equip APU Engineering students with industry-relevant skills, and to address the needs for talents within the oil, gas and energy industry.
Mohammad Khalid from NrgEdge said, “We want to be able to bridge the skills gap and prepare students for a brighter future in the industry. With this collaboration in place, it is our hope that APU students will become resourceful and successful graduates, who will be ready to serve the industry.”
About Asia Pacific University of Technology & Innovation (APU)
The Asia Pacific University of Technology & Innovation (APU) is amongst Malaysia’s Premier Private Universities. APU offers a wide range of degree programmes in collaboration with Staffordshire University, the UK with Technology. These programmes nurture students into professionals and prepare them for challenging careers and roles in business and society globally. Professionalism, problem-solving skills, and creativity & innovation are some of the key attributes of APU graduates. The multi-cultural student community comprises both Malaysian students as well as International students. APU has earned an enviable reputation as an award-winning University through its achievements in winning a host of prestigious awards at national and international levels. It was announced as among the Highest Rated Universities in Malaysia, being rated at TIER 5 (EXCELLENT) under the SETARA 2013 Ratings by the Ministry of Higher Education (MOHE) and Malaysian Qualifications Agency (MQA) on 1st November 2012. For more information, please visit http://www.apu.edu.my/.
About PetroEdge and NrgEdge
AsiaEdge Pte. Ltd. is the holding company of PetroEdge, the leading provider of Energy, Oil & Gas training in Asia. NrgEdge is the professional networking platform for Energy, Oil & Gas professionals, focusing on the Asia Pacific region. The company aims to create a holistic environment that will empower members to excel at every point in their career journey and to assist companies grow their business more effectively. To find out more, visit www.nrgedge.net.
For media enquiries, please contact:
Kok Cheng Mun
Student Services & Marketing Executive
Asia Pacific University of Technology & Innovation (APU)
E: [email protected] | M: (+6) 016-9755 831
PetroEdge Pte. Ltd. (AsiaEdge Pte. Ltd.) & NrgEdge Pte. Ltd.
E: [email protected] | M: +65 6741 9927
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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
Headlines of the week
In the U.S. Energy Information Administration’s (EIA) International Energy Outlook 2019 (IEO2019), India has the fastest-growing rate of energy consumption globally through 2050. By 2050, EIA projects in the IEO2019 Reference case that India will consume more energy than the United States by the mid-2040s, and its consumption will remain second only to China through 2050. EIA explored three alternative outcomes for India’s energy consumption in an Issue in Focus article released today and a corresponding webinar held at 9:00 a.m. Eastern Standard Time.
Long-term energy consumption projections in India are uncertain because of its rapid rate of change magnified by the size of its economy. The Issue in Focus article explores two aspects of uncertainty regarding India’s future energy consumption: economic composition by sector and industrial sector energy intensity. When these assumptions vary, it significantly increases estimates of future energy consumption.
In the IEO2019 Reference case, EIA projects the economy of India to surpass the economies of the European countries that are part of the Organization for Economic Cooperation and Development (OECD) and the United States by the late 2030s to become the second-largest economy in the world, behind only China. In EIA’s analysis, gross domestic product values for countries and regions are expressed in purchasing power parity terms.
The IEO2019 Reference case shows India’s gross domestic product (GDP) growing from $9 trillion in 2018 to $49 trillion in 2050, an average growth rate of more than 5% per year, which is higher than the global average annual growth rate of 3% in the IEO2019 Reference case.
Source: U.S. Energy Information Administration, International Energy Outlook 2019
India’s economic growth will continue to drive India’s growing energy consumption. In the IEO2019 Reference case, India’s total energy consumption increases from 35 quadrillion British thermal units (Btu) in 2018 to 120 quadrillion Btu in 2050, growing from a 6% share of the world total to 13%. However, annually, the level of GDP in India has a lower energy consumption than some other countries and regions.
Source: U.S. Energy Information Administration, International Energy Outlook 2019
In the Issue in Focus, three alternative cases explore different assumptions that affect India’s projected energy consumption:
EIA’s analysis shows that the country's industrial activity has a greater effect on India’s energy consumption than technological improvements. In the IEO2019 Composition and Combination cases, where the assumption is that economic growth is more concentrated in manufacturing, energy use in India grows at a greater rate because those industries have higher energy intensities.
In the IEO2019 Combination case, India’s industrial energy consumption grows to 38 quadrillion Btu more in 2050 than in the Reference case. This difference is equal to a more than 4% increase in 2050 global energy use.