Lower for Longer: Lean Forever
The 1996 book, Lean Thinking, introduced lean to mainstream business. Since then, lean has propelled operational excellence in construction, software development, healthcare, financial services, state government, and more.
The Looming Market for Abandonment and Decommissioning
As the boom of the 1970s and 1980s makes way for the first tranche of major decommissioning projects, the market for abandonment and decommissioning has grown over the past 5 years. To deliver these projects in a safe and economic way, decommissioning needs to be accepted as a serious challenge.
Industry Transformation Takes Many Forms
Many column inches are filled with discussion of how companies need to operate in the lower-for-longer market that the upstream oil and gas industry continues to face.
Assessing the Processes, Tools, and Value of Sharing and Learning From Offshore E&P Safety-Related Data
With the US Bureau of Safety and Environmental Enforcement as a cochair of the steering committee, SPE held a 2-day summit in April to discuss the development and implementation of an industrywide safety-data sharing framework.
Incentivizing Energy and Climate Innovation
In a quiet industrial park in suburban Toronto, there is a machine that eats carbon dioxide (CO2) and spits out fuel. A world away, at a world-class research institute in Bangalore, India, engineers have developed a completely different technology to convert CO2 into industrial chemicals.
Risk Management at NASA and Its Applicability to the Oil and Gas Industry
At NASA, the qualitative approach to risk assessment is augmented by a quantitative technique to mitigate low-probability, high-consequence outcomes.
Low Prices Trigger Much-Needed Change Through a Holistic Approach
A reason why projects are not completed on time is the disconnect between operators and contractors. An integrated asset approach tackles complex offshore jobs by being holistic and full field in nature and encompassing the planning, building, and operating phases of a project.
Lessons for a Downturn
Downturns offer you a choice: Panic and shut down all but breathing or make use of the opportunities that desperation has handed you. A mountain of mistakes is a gold mine to those willing to spend the time in assessment mode.
Aiming for a Better Oil Price
As an example of an open system, the oil and gas market is a function of several external forces. Free market supply and demand may not yield a sustainable equilibrium price, but the deferral of capital projects will result in a lack of global supply in just a few years.
Isn’t It Time for Our Own Spielbergian “Idea Summit”?
Industry's finest minds are expected to come together for an idea summit during the upcoming SPE Intelligent Energy International Conference and Exhibition in Aberdeen.
Guest Editorial: Creating Value From Flared Natural Gas
Approximately 5% of world annual gas production is being flared or vented. This is equivalent to approximately 110–140 billion m3 (Bcm) of gas, and equates to the combined gas consumption of Central and South America in 2013.
Guest Editorial—Changing How We Manage HSE: Getting to Zero
For the more than 7 billion people on our planet, every measure of quality of life, from gross domestic product per capita and infant mortality, to education levels and access to clean water, is correlated to the consumption of modern fuels, including oil and gas.
Guest Editorial: How To Thrive in a Downturn
The industry is in one of its periodic downturns. Jobs are uncertain or scarce. Profitability is challenged. Bankruptcy looms. Projects are being canceled. Deals are dropped or delayed. It seems there is bad news everywhere. So how do we survive in this environment?
Guest Editorial: Engineering Design in the “Lower for Longer” Environment
For engineering design teams, the market downturn is an opportunity to review practices and learn from others who have used hard times to reshape processes through simulation while cutting development time and costs.
Treating Produced Water With Understanding
Produced water has become the largest byproduct in the oil and gas industry. Treatment and disposal or reuse of this byproduct requires a good understanding of conditions and options to devise the optimal strategy.
An Environmental Perspective on Risk Management and Water
There is no denying that the oil and gas industry, as well as the agencies that regulate its activities, have significantly improved many aspects of environmental performance. Despite this progress, there is always more to be done to identify and manage risks associated with oil and gas development.
Guest Editorial: How I Stopped Worrying and Learned to Love Customization
While some standardization makes sense, it is important for the industry to implement cost-effective supply chain practices to efficiently deliver customization when it improves efficiency and increases production.