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Rupture Disk is a device designed to function by the bursting of a pressure-retaining disk. This assembly consists of a thin, circular membrane usually made of metal, plastic, or graphite that is firmly clamped in a disk holder. When the process reaches the bursting pressure of the disk, the disk ruptures and releases the pressure. Rupture disks can be installed alone or in combination with other types of ... (more about ...)

Shell Buys Into Blockchain Company (19 Jan 2018): After backing a blockchain-based trading platform last year, now Shell has gone a step further into what’s possibly the hottest tech segment right now, scooping up a minority stake in a startup dubbed Applied Blockchain. Applied Blockchain has been around for three years now, and has clients from the banking, telecoms, carmaking, ... (more about ...)

Investment Appraisal (or Capital Budgeting) is the decision making process for investing in long-term assets The Investment Appraisal is to determine and evaluate potential expenses or investments that are significant in amount. It is usually involving the calculation of each project's or asset’s future profit by period, the present value (PV) of the cash flows, ... (...more about the Project Controls)

Operating models for oil and gas fields of the future By Jayanti Kar, Andy Thain, Otto van der Molen, and Francesco Verre: As the global energy transition accelerates, upstream operators must modernize and shift to more economic operating models. Where and how should they seek the next generation of efficiency gains? As predictions of an early peak in oil demand take hold, upstream operators ... (more about ...)

Idiom: A Penny Saved is A Penny Earned

A Penny Saved is A Penny EarnedMoney that you save is more valuable than money that you spend right away. Example: A penny saved is a penny earned means that is wise to save money. ...

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