Easwaran Kanason

Co - founder of NrgEdge
Last Updated: November 17, 2021
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Business Trends

Depending on how you look at it, it is either a very bad time or a very good time to be an oil & gas company. With COP26 in Glasgow going on in full swing, the sole visible presence of the industry there was Australia’s Santos, although key executives did speak at some side events. Meanwhile, pledges and promises were made to halt public funding of international fossil fuel energy projects by the end of 2022, slash methane emissions by 30% through 2030 and deadlines for carbon neutrality by key oil producers and consumers. But while all that was going on, the supermajors were also announcing their third quarter financial results, which was pretty blockbuster, as soaring crude prices gave way to massive profits, and the industry probably collectively generated more cash since the Great Recession of 2007.

The question, then, is what do the likes of ExxonMobil and Shell and BP do with all that cash? Logically, with crude prices so high, it would be ploughed back as capital expenditure, as it was in previous boom cycles when megaprojects were sanctioned to capitalise on prices. But that cycle can be devastating. When oil was trading around US$100/b in the early 2010s, huge profits led to huge investment, with a massive capital spending upswing prompted by the emergence of onshore US shale plays and fears of energy shortages. That went well for a while. Then ended painfully as overproduction and a lack of cost control resulted in the 2015 crash. After a few years, crude prices recovered and oil majors returned to old spending habits, albeit with more discipline this time. But the world has changed. Not only through the tectonic global Covid-19 pandemic, but also the climate (literally). Spending on mega fossil fuel projects is no longer palatable, especially for a publicly-listed company in the West, as renewables and climate change mitigation measures take centre stage in the race to limit temperature increases to 1.5 degree Celsius from pre-industrial levels.

So, instead of channelling all their cash into projects, the supermajors of the world are instead sending them back to their shareholders in the form of dividends and share buybacks. This satisfies two points: it rewards existing shareholders who have been weary of poor returns over the last decade and it maintains the investment lustre of the company, especially as they start on the painful journey of transitioning from carbon emitters to carbon zero. Just ask ExxonMobil, which was kicked out of the NYSE Dow Jones index in 2020. Debt accumulated is also being paid off, with fiscal discipline replacing the Wild West years of wanton spending. And even if the supermajors are re-investing profits, they are doing so in preparation for the future – emphasising innovation and renewables, and (slowly) turning their back on fossil fuels.

ExxonMobil, for example, reported a massive 60% jump in revenue to US$73.8 billion, yielding net income of US$6.8 billion, which is a huge swing from a US$680 million loss a year ago. In response, it raised its quarterly dividend for the first time since 2019, maintaining its status as one of America’s few ‘dividend aristocrats’. ExxonMobil also announced a surprise stock buyback and locked in its long-term annual capex to the low US$20 billion range, down over 30% from the pre-pandemic range. Crucially, almost 15% of that budget will go towards low-carbon investments, a significant departure from its previous stance as ExxonMobil attempts to change its image as the poster child for championing fossil fuels. Which is just as well, since CEO Darren Woods was under fire at the US Capitol Hill for his role in climate change. Chevron’s CEO Michael Wirth was also being grilled. But at least Wirth can also take solace in the fact that Chevron managed to report a quarterly profit of US$5.7 billion, the highest in eight years with the US$6.7 billion in free cash flow being the highest ever on record. With that cash, Chevron is rewarding its shareholders with generous dividends, as it eyes expanding its share buyback programme, while reducing its annual capex by US$2 billion to US$12 billion, though without any firm new commitments on renewables and low carbon.

The opposite is true for Royal Dutch Shell. It too saw its cash flow rise to its highest level ever of US$17.5 billion, with net profits of US$4.13 billion and LNG singled out as a major contributor as natural gas prices in Europe and Asia spike due to shortages. Shell’s dividend programme continues, with some US$7 billion from Shell’s US$9.5 billion divestment of its Permian assets also to be distributed to its shareholders. But, despite all this financial success and one of the most ambitious plans to achieve carbon neutrality within the industry, Shell remains under fire. It has already had its carbon transition plan deemed as ‘not ambitious enough’ by Dutch courts, and now an activist investor, Dan Loeb’s Third Point LLC  wants to break Shell into two halves: a fossil fuels and a renewables company. CEO Ben van Buerden rejects this notion, asserting that ‘the energy transition is a transition, so you have to go from one to the other’ and an integrated setup like Shell’s is best-placed to achieve that. And it can show that. Unlike its American counterparts, Shell intends to spend less than half of its estimated US$20 billion capex on oil, with the bulk going to gas, renewables and clean power.

BP and TotalEnergies haven’t yet faced activist investors like Dan Loeb or ExxonMobil’s own fracas with Engine No. 1 that successfully replaced a quarter of its Board. But perhaps they don’t, since both European supermajors have been the most pro-active in embracing a carbon neutral future while stressing that ongoing fossil fuel exploitation must be continued as sustainably as ever to achieve that future. But even they are spending their excess cash rewarding shareholders. BP’s net profit of US$3.3 billion beat market expectations, with CEO Bernard Looney commenting that soaring global commodity prices had turned the company into a ‘cash machine’ and led to it announcing an additional US$1.25 billion share buyback scheme. In Paris, TotalEnergies reported a net profit of US$4.77 billion, five times what it reported last year. It didn’t adjust its dividend payout much and remained committed to buyback US$1.5 billion of shares in Q4, but announced no other new reward measures. Perhaps it doesn’t need to, since it was the supermajor that managed to maintain its dividend programme best over the disastrous time of the pandemic.

It is a story being repeated across the industry. From Norway’s Equior reporting a tenfold jump in net profits to Saudi Aramco’s record-setting US$30.4 billion in profits. That level of money is enough to keep the industry in the target hairs of civil groups and government accusing them of profiting off pollution, but that is also the money that will fund the future and lubricate the transition towards a cleaner future. Share buybacks and dividends will keep shareholders happy, and if shareholders are happy, then the supermajors of the world can be more comfortable to the drastic reorientation of their direction that is currently happening.

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Market Outlook:

  • Crude price trading range: Brent – US$80-82/b, WTI – US$78-80/b
  • Despite OPEC+ decision to maintain its current pace of supply increases in the face of a plea from US President Joe Biden, crude oil prices slid back as traders worried that OPEC+’s reticence would trigger countries to tap into their strategic reserves
  • The market is fretting about the viability of demand – even as the possibility of fuel switching over winter approaches – as indications such as crude inventory builds in the US and soaring Covid-19 cases in Europe raise questions on the health of consumption

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Making use of commercial timber pellet mill

Today we  will certainly  discuss industrial  timber pellet mill  Most of us know that  contemporary society  promotes the recycling of resources, especially waste wood, sawdust, straw,  and so on. The  timber that  might not be  utilized before can be  refined into sawdust after  squashing  and also processing., sawdust  as well as other raw materials,  advertise the recycling of waste wood,  as well as facilitate our lives.

Related post: wood pellet mill for sale

Sawdust  source has the  features of high calorific value  as well as  reduced emission of  unsafe gas. It can be used as a high-quality biomass  resources for  power  usage, which can  lower the  intake of non-renewable energy such as coal, oil  as well as natural gas.  Currently, the energy  use  techniques of sawdust in my country  generally  consist of:  straight combustion heating, granulation, gasification, liquefaction  as well as carbonization.

Around us, waste wood, branches, waste wood scraps, bark, branches, waste boards, veneers,  furnishings factory scraps,  assorted wood, etc can be  grated into sawdust,  and also biomass pellet fuel is  generated through the industrial  timber pellet mill The finished product has high  burning efficiency and little harm to the  atmosphere, which can be  claimed to kill two birds with one  rock.

Related post: biomass pellet mill for sale

1.  Making use of industrial  timber pellet mill.

The industrial wood pellet mill is a good  gadget that can make sawdust energy. There are  numerous  house  suppliers, which produce a large  quantity of sawdust  each year.  Nevertheless, due to the influence of  standard  manufacturing  techniques  and also living  routines, the  use  price of sawdust is extremely low, and a  substantial amount of sawdust  sources are  disposed of or  blazed, which not  just  creates waste of  sources,  yet  additionally pollutes the air. The use of industrial  timber pellet mills  successfully recycles these resources.

Over the years, Richi Machinery  has actually focused on the research and development, design  and also production of  commercial  timber pellet mills, wood  cutting pellet machines, sawdust pellet  makers, biomass pellet machines, wood pulverizers,  timber pellet  assembly line,  timber processing  tools  and also  various other  items. All  items have passed ISO9001 :2008 The international  high quality  monitoring system  qualification  as well as EU CE  qualification have  gotten to the  worldwide  sophisticated  degree,  as well as the  items  swiftly cover the domestic market and are exported to countries  all over the world.

Related post: fuel pellet plant

Considering that its  facility, Richi Machinery has won the honorary titles of "Advanced  High Quality  Device" and " Top Quality Trustworthy Unit"  each year,  and also has been  identified as a national AAA-level enterprise for  high quality,  track record and service. The  firm  has actually always  stuck to the principle of " top quality first,  online reputation  initially",  according to the tenet of "survive by  top quality,  and also  look for  take advantage of development", exerting its own  benefits  as well as gradually  increasing its scale. In the future, the  industrialized people will make persistent efforts to  establish and develop products that are well  gotten by  residential  and also foreign customers,  as well as  stroll in the forefront of the industry.

2. The development  possibility of industrial wood pellet mill.

Over the last few years, many  nations have  better  enhanced the development of  brand-new  power  as well as the management of environmental  issues. Biomass  commercial wood pellet mills are not only environmentally friendly  and also resource-saving, but also bring us economic value. They have been affirmed by  several  individuals  as well as  buddies, and the market sales are  likewise high.  For that reason, the development prospect of  commercial wood pellet mill can be  claimed to be  extremely  excellent.

Related post: biomass wood pellet plant in Indonesia

In order to meet the  demands of different life  as well as production, industrial wood pellet mills  have actually  likewise been innovated  and also upgraded. These  cutting-edge  technical products are  made use of more and more widely in our lives. It brings us a very safe material for  individuals's livelihood heating  and also living  power. This  gas has a high  usage  price and is  simple to  shop. Especially, it can be  made use of as the  primary  gas type for thermal power generation, which greatly replaces the existing ones.  Different non-renewable  power sources such as raw coal and firewood,  gas  dissolved gas, etc can  successfully save the input of non-renewable fuel.

This  strong  gas that  has actually been crushed  as well as pressed by an industrial wood pellet mill has  outstanding  burning performance. Its  thickness is larger than that of  common fuels, and at the same time, the  launch of various  unsafe gases is reduced. It is a safe, green  as well as environmentally friendly  gas  kind.

Related post: https://www.richipelletmachine.com/wood-pellet-mill-for-sale/

When  individuals have a  complete understanding of the  strong  gas of "biomass pellet fuel",  the marketplace demand for industrial wood pellet mills  as well as  various other mechanical  devices is also  boosting. The advent of industrial  timber pellet mill  has actually  developed  remarkable economic value  and also social  worth.

Now, countries around the world pay more and more  focus to the  security of the environment and the  application of  numerous  power sources. The innovative  study of industrial wood pellet mill has brought us the  efficient use of renewable energy to a  huge extent,  enabling us to obtain convenient, energy-saving, pollution-free  eco-friendly  power, and  likewise bring us  excellent resource maintenance.  Obviously, when we use the biomass  timber pellet mill  maker, we  should  follow the operating  specs  and also its  collection of  needs for material processing  and also  manufacturing, so as to increase its  result as  high as  feasible  as well as prolong its service life.

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August, 03 2022
Seven Tips for Online Learning During COVID-19

It is no secret that the COVID-19 epidemic has forced us all to make significant changes in our lives. Remote work has been an option for businesses; K-12 schools have adopted distance learning as a necessity; many college students, who were previously enrolled in on-campus courses, now have to learn online.

While online learning carries many positive benefits that make it the preferred choice for millions of students, it doesn't come without its challenges--especially for students who are more familiar with in-person courses.

Here are seven tips from Jonathan Small (associate vice president for online learning at Regis College), that will help you to adapt your study habits to fully online learning.

Tips for Online Classes1. Take the time to plan ahead and understand when your assignment is due.

Online students interact with the subject matter and complete assignments via learning management software (LMS). Regis offers online classes through Moodle. Other popular tools include Canvas and Blackboard.

It doesn't matter what LMS you use, it is important that you take the time to familiarize yourself with the interface as well as your assignments. Take a look at the due dates for your assignments so you can create a realistic plan to complete them.

Small says that online classes are often structured in modular formats, which is different from face-to-face classes. You don't always have the physical reminder that your work is due in class. Online classes can be very busy, so students must organize their time.

2. Make sure you have enough time to study.

Many students at Regis and other universities pursue their education while also fulfilling other obligations. You have to balance work, childcare, family obligations, and internships.

Small says, "Chunking tasks is a great way for students to feel accomplished." You feel like you are making progress. You can also schedule a time to study, which will help you establish and maintain a routine.

3. Regular communication is essential for group projects.

Many college courses include group projects and assignments that you must compete with others in the class. This is true for both online and in-person courses. Small says that while in-person courses allow for group projects and bring people together face to face, online students must be careful about communicating effectively.

Groups must prioritize communication, regardless of whether it's via Zoom, email or phone call, instant messaging, shared documents, or any other form altogether.

Small says, "Find a system which works for everyone in your group and then follow up often."

4. Split up work groups early.

It is important that groups are able to properly divide tasks so that everyone has a fair share and everyone knows exactly what they have to do.

Small advises that group projects should be planned far in advance so that everyone can share the work and coordinate their efforts. This way, even if something isn’t due for a few more weeks, everyone has the opportunity to use their time and work on their tasks as they can.

5. Keep in touch with your professor frequently.

As important as it is to communicate with your classmates and group members, it's equally important that you communicate with your instructor or professor. Whether you need help with an assignment, or simply want to share your struggles with them, make the effort to contact your professor.

Small says that talking to your instructor is key to success. Small says that you don't have to struggle with your questions and concerns alone. The professor can help. Talking to your instructor for five minutes can help you save days of stress. You will feel better, get more clarity, and be more successful.

You don't have to communicate only when things are going wrong. You can build a rapport with your instructor by letting them know when things are going well.

6. Participate as often as you can

Participation is key to your success, no matter if you are taking classes online or in person. Active participation not only shows your professor you are engaged but also shows you are learning and willing to do the work required to succeed. Participation transforms education from a passive process to one that is active.

Small says that the more you take part as a student the better your experience will be.

7. Flexibility is key.

Flexibility is key to online learning, both for you and your fellow students--and even your professors.

Small says, "Remember that your instructors had only to switch to remote teaching within a weekend. That's the same time it took to transition to online learning."

"This happened by accident. It's possible to restore the campus community by simply being compassionate, active in your course material, and talking to your instructors. This will make the transition smoother.

Put in the Work

Online learning might not be your first choice. However, the tips and advice above will help you make the most of your online courses. Clear and open communication with your classmates and instructors, as well as staying focused on the course material, will be key to your success in this difficult time.

Related article from studentjob.co.uk : http://www.studentjob.co.uk/blog/5757-best-online-exam-help-top-five-websites-you-can-trust 

Related Resources:

Are Online Classes Worth It? 12 Pros & Cons Of Online Learning

Tips to Be Successful in Your Online Classes In 2022

5 Reasons Why Online Learning is the Future of Education

The Impact of Online Classes on Students

August, 02 2022
What is a Satire Essay and How Does It Work?

One of the most popular literary devices or genres is Satire. This genre is especially designed to criticize someone or group of people for their vices, wrongdoings, or shortcomings.

Usually, humor is used to highlight important political and cultural issues in a society. A satire article is a type essay that uses humor, sarcasm, and irony to ridicule a person, situation, or ideology. It pokes fun in an elite and sarcastic fashion at certain people or situations.

How to Write Satire Essays: Writing Tips

How do you write a satire article? It doesn't have to be difficult, even though it seems daunting. However, once you use the following tips, it can be an easy task to write a satire article.

Choose a relevant and original topic

This is why you will need to create a satire essay. Your first step is to pick a satirical essay topic. You may be assigned a topic by your professor or teacher in some instances, but you would need to create your topic.

Decide the topic of your essay. Depending on what you are interested in, you can choose to concentrate on either a political or societal situation.

However, it's a good idea to choose a topic you are already familiar with. This will make it easier to locate facts and evidence to support the views you hold.

Consider your audience

Your essay is the center of attention. You must consider your audience at every stage of the writing process. Your essay should be addressed to college professors or high school students.

Are professionals reading it or are you just a student? It is important to consider your audience and determine the right tone for your essay.

A casual tone is acceptable if your target audience is mostly friends and students. It's best to use a formal tone if your target audience is professionals.

Add humor!

What makes a humorous essay so engaging? It is the topic, or the writer's writing style that makes satire essays so interesting. Humor is the key ingredient to any satire essay. You want your audience to laugh at the absurdity or inanity of a person or situation. Irony, sarcasm or hyperbole are all great ways to accomplish this end.

These devices can be very effective if used in a thoughtful manner.

Be clear about the facts

Because satirical essays often use exaggeration and humor, it is crucial to write an essay that is straightforward. An essay that contains false or misleading information will not be accepted by the court of public opinion.

Therefore, facts should only be stated that are supported by strong evidence. If you want to give credibility, be sure to cite the source of your information after citing figures, theories, opinions, etc.

This would ensure your audience that your essay was credible. Avoid including arguments that you are unable to prove or find evidence.

Use the ELP Format

ELP format is a great tool to ensure that your satire essay will be professional and high-quality. ELP is an acronym that stands for ethos, logos, and pathos.

These three elements make up a large part of an essay and can either help or hinder your work. These elements are important and can be used in your essay.

Ethos informs readers about the topic at hand and their preexisting beliefs. To provide a foundation for readers, Ethos should be used as a tool in the introduction.

Logos give credibility to your work by providing facts and figures for the audience.

As the name implies, pathos will elicit the appropriate emotions and feelings from your audience. You can use this tool to invoke sadness, sympathy, anger or any other emotion.

Be tolerant

It is important to avoid making offensive statements in satire essays, even though they are often filled with irony or sarcasm.

Your audience will likely include people from all walks of life. Therefore, it is important not to make comments that could be considered discriminatory or offensive for a particular section.

The art of discerning the right line between humor and offensiveness is delicate and requires practice. You can ask teachers or colleagues to give you second opinions so that your essay doesn't offend.

Learn more at: https://proessays.net/blog/40-witty-topics-for-a-satirical-essay

July, 25 2022