Advanced Technology Push by SLB Strengthens PT Elnusa Tbk Growth Path

The Piper Alpha disaster, which occurred in the evening of July 6, 1988, remains the deadliest offshore oil tragedy in history. Located in the North Sea and operated by Occidental Petroleum, Piper Alpha was originally commissioned in 1976 as an oil production platform but later modified to address gas production too. These changes, however, were implemented without adequate redesign or risk analysis, introducing weakness that would eventually be disastrous. That evening, a routine maintenance product escalated into an uncontrollable fire, killing 167 of the 226 individuals on board. Just 61 workers survived the disasters.The tragedy started while performing maintenance on Pump A, where a safety valve was taken out of the pipe and was sealed temporarily using a loose blind flange. Due to failure in the permit-to-work procedure, this important information had not been passed onto the night shift. When Pump B failed during the middle of the night, the crew unknowingly re-started Pump A, which caused a massive gas leak. Shortly after, there was a massive explosion, followed by subsequent explosions and uncontrolled fires. The fire suppression system, which was in manual for diving operations, did not get its activation signal in time.The Cullen Inquiry revealed systematic failures: poor shift communication, faulty platform design, and a safety culture that prioritized production. Gas units were sited perilously close to the control room, and there were few barriers to stop fire spread. Emergency preparedness and equipment maintenance were similarly found to be woefully inadequate.The disaster caused immense loss—167 lives, over £1.7 billion in damages, and a 670-ton oil spill with serious environmental impact. In response, the UK overhauled offshore safety regulations. All 106 recommendations from the Cullen Report were adopted, including a shift to a “goal-setting” safety approach and the introduction of the “Safety Case” system. Requiring companies to provide detailed documentation of hazards, risk management, and mitigation strategies. Regulatory oversight was also transferred to the Health and Safety Executive (HSE) to eliminate conflicts of interest.The Piper Alpha disaster marked a turning point in industrial safety worldwide. It emphasized the paramount importance of effective shift communication, disciplined maintenance of safety equipment, good design, and a safety-first attitude at the workplace. It also demonstrated that it is rarely one error that results in catastrophe, but a sequence of ignored risks and poor decisions.

In a notable collaboration with SLB, the world's leading energy service company, SPE ITS SC held an enlightening seminar in the format of a talk show. This event was held both online and onsite at Aula BG Munaf at Institut Teknologi Sepuluh Nopember, Surabaya, on September 3, 2023. The main goals of this seminar were, firstly, it aimed to help participants understand the value of SLB in the energy industry, the impact it has, and the opportunities available through the student vacation trainee program. It also aimed to explain the path to getting a full-time job at SLB and shared potential opportunities for university students. This included insights into the selection process and the criteria for eligibility for the trainee program, as well as experiences from previous trainees at SLB.This event is divided into three sessions, the first one is the Introduction to SLB and its commitment toward sustainability: the current & future condition of the oil and gas industry presented by Indah Dwie Jayanti as SLB Campaign Manager to ITS. For decades the oil and gas industry has been in high demand which therefore leads to high profit. With future career prospects, many university fresh-graduates are interested in joining companies involved in the oil and gas industry such as SLB. Hence, the committee was inspired to organize this event to highlight SLB's dedication to sustainability and responsible practices in the oil and gas industry. “The event’s purpose is to serve as a platform to educate, engage, and attract individuals who share the company’s commitment to sustainability while also enhancing SLB’s reputation in the industry”.Sustainability was chosen as the central theme of this event because it addresses global environmental concerns which aligns with SLB's values and mission, and reflects the company's commitment to corporate responsibility and long-term viability. By emphasizing sustainability, SLB demonstrates its dedication to addressing the challenges of our time and contributing to a more sustainable and responsible future.The following segment promises to be an enlightening discussion centered on career prospects. It covered crucial topics such as student vacation trainee opportunities, internships, and insights into future careers in the oil & gas industry. This session was presented by Verra Lakshmi, who holds the esteemed position of SLB Recruiting Manager in Indonesia. This shed light on the question, "Why SLB?" for aspiring professionals.The final session of the event is a significant one, Career Masterclass. In this session, participants had the invaluable opportunity to receive CV feedback and engage in a mock interview, providing them with practical insights and guidance to enhance their professional journey.“Through this event, we strive to create a positive impact by promoting sustainability, sharing knowledge, and fostering innovation. We also aim to contribute to a more sustainable and responsible oil and gas industry while also supporting the professional development of attendees interested in sustainability and career opportunities within SLB.” Written By: Arya Nugraha Aulia Rahman Yusup

Every time you gas up your vehicle, you're drawing on the product of a complicated industrial process that converts raw crude oil into something usable. Natural resource crude oil pumped from below-ground reservoirs cannot be used in its native form. In order to be converted into gasoline, diesel, jet fuel, or even asphalt and plastics, it must go through a complex refining process. This article delves into the intricacy of every process used in oil refining, from raw extraction up to the final distribution.Distillation (Fractional Distillation)Refining starts with distillation, or fractional distillation. First, crude oil is heated in a furnace at temperatures ranging from 350°C to 400°C. The scorching blend is then channeled to a distillation column, which is a large steel column in which the constituents of crude oil are separated on the basis of their boiling points. Lighter fractions like gases (propane and butane) and gasoline rise to the top, middle-weight fractions like kerosene and diesel condense in middle levels. Heavier fractions like lubricating oils and asphalt descend to the bottom. Every fraction exits the column at various levels for processing.Conversion ProcessAfter distillation, heavier fractions with large hydrocarbon molecules undergo conversion to produce lighter, more useful products. Cracking breaks these molecules down—either with heat (thermal) or catalysts (catalytic). Reforming restructures them to boost fuel octane, while alkylation combines light molecules into high-octane components for gasoline. These steps maximize the value and efficiency of each barrel of crude oil.Treatment ProcessBefore sales or use, products must be treated for the removal of impurities that can harm engines, pollute the environment, or rust equipment. The process of hydrotreating with hydrogen gas in the removal of sulfur, nitrogen, and trace metals is a critical treatment process. Desulfurization is also a very critical step, especially for those fuels like diesel and gasoline that are under tight low-sulfur requirements. Sweetening operations are used to remove malodorous hydrogen sulfide and other reactive compounds. Sweetening operations ensure petroleum products are clean, efficient, and friendly to the environment.BlendingOnce products have been refined and processed, they are yet to be marketed. The final process is blending, in which different hydrocarbon streams are combined to achieve wanted qualities such as octane number (in gasoline) or cetane number (in diesel). Additives are also added at this stage—for instance, detergents, antioxidants, or anti-knock additives—to improve performance, increase engine life, and reduce emissions. Blending ensures that every liter of fuel meets regulatory requirements and performance standards before it reaches consumers' hands.After being mixed and processed, the end petroleum products are stored in enormous tanks and available for distribution. Distribution logistics are complex and global in nature. They are transported by pipelines, oil tankers, railroad cars, or trucks to refineries and fueling stations. Some are exported, others to airports, industrial facilities, and retail service stations. Such a vast infrastructure makes energy resources on-demand available across continents and regions.It is a very intricate and engineered procedure to transform crude oil into the wide variety of products we use daily. Starting with distillation and molecular changes, then scrubbing and blending, every move is carefully tailored to achieve highest efficiency, security, and quality of product. The next time you pump your gas or hit the air in an airplane, you're relying on this unbelievable system of science, engineering, and logistics. Understanding the processing of oil not only uncovers the hidden complexity of everyday comforts but also highlights the requirement for innovation and sustainability in our energy infrastructure

Oil prices have long been a key driver of economic trends around the world. As the primary source of energy for many industries and households, fluctuations in oil prices can have far-reaching effects on both advanced and developing economies. From transportation costs to inflation and industrial production, oil prices impact nearly every sector of the global economy. Given oil's status as a high-demand global commodity, significant price fluctuations can have profound economic consequences. Oil prices are determined by a mix of supply and demand, production costs, and market sentiment. Supply and demand are influenced by the oil futures market, where contracts are made to buy or sell oil at a specific price on a future date. The cost of extraction also affects prices—easily accessible oil is cheaper to produce, while complex methods like deep-sea drilling require costly technology, pushing prices higher. Lastly, market sentiment plays a role, as speculation about future demand can drive up prices when traders buy oil futures contracts in anticipation of future shortages or increased demand.In 2020, the demand for oil plugged during the pandemic, with lockdown causing the price to fall below zero for the first time in history to a sharp downturn in economic activity. Since then, oil prices have surged to nearly $100 per barrel, driven by strong economic recovery post-lockdown. As the economy grows, so does the demand for oil. Oil accounts for approximately 3% of global GDP and is one of the most important commodities worldwide.Source : world economic forumAn increase in oil prices affects not only gasoline cost but also virtually all goods and services. Oil serves as both a feedstock and source of energy and is integral to transportation across industries. When oil prices rise, energy is integral to transportation across industries. When oil prices ries, energy bills increase, and these costs are passed on to consumers through higher prices for goods and services. This often leads to inflation, as the cost of living rises and the purchasing power of consumers declines. For many countries, oil and gas revenues are central to their economic stability. Nations that are major exporters, such as Saudi Arabia and Russia, rely heavily on income from these resources to fund government spending, infrastructure projects, and social programs. When oil prices plummet, these countries face budget deficits, currency devaluations, and economic downturns. On the other hand, oil-importing nations, particularly in the developing world, struggle with rising import costs when prices increase, worsening trade deficits and slowing economic growth. The global dependence on oil and gas keeps national economies vulnerable to market shiftsThe oil and gas industry plays a critical role in global supply chains, especially in sectors like transportation, manufacturing, and agriculture. Rising oil and gas prices can disrupt supply chains by increasing the cost of raw materials, transportation, and energy-intensive production processes. For instance, the shipping industry, which relies on oil-based fuels, faces higher operational costs, which are then passed on to consumers. These disruptions can cause delays in the availability of goods, increase the prices of everyday items, and slow down global trade, impacting economies worldwide.Written by : Fairuz Nabila DaniputriReferences :World Economic Forum, 2022. *Why oil prices matter to the global economy: An expert explains*. World Economic Forum. Available at: [Accessed 16 September 2024].U.S. Energy Information Administration, 2022. *Indonesia – International analysis*. U.S. Energy Information Administration. Available at: [Accessed 16 September 2024].McKinsey & Company, 2020. *Oil and gas after COVID-19: The day of reckoning or a new age of opportunity?* McKinsey & Company. Available at: [Accessed 16 September 2024].