Decommissioning and Footprint Reduction
When companies are rewarded for short-term performance, there is little incentive to deal with long-term risks such as decommissioning. It’s so much easier to leave it for the future; but increasingly, that future is now.
Joining Forces for Sustainable Communities
Global, multinational companies often make commitments for local infrastructure as a condition to do business in host countries.
President's Column: Talent Everywhere
SPE President Janeen Judah writes, "When the upturn occurs—and it will happen—are we ready to move forward with a next-generation workforce?"
Following my theme for the year on risk and reward, this month’s column looks at how partnerships affect the risk/reward balance. Our industry is full of partnerships—it’s how we share the risk in a very risky business.
Following my theme for the year on Risk and Reward, let’s think about how disruptive technologies alter the risk/reward balance.
To Be Leaders of Integrity, We Must Earn Trust
Our reputation is earned. The public has high expectations, and we must strive to deliver perfection in our operations.
Big Data and the Next Big Thing
SPE presidents are asked a lot of questions, and I suppose that’s true of anyone who stands in front of an audience as an authority figure. But my favorite question is: What’s the Next Big Thing?
Mitigating Risks To Improve Project Results
Ours is a risky business, and that is what makes it fun and challenging. Risk also drives the big rewards when what we do pays off. Mitigating risk of many types is the very core of what we do on a daily basis.
Oil industry leaders have a long tradition of philanthropy, just one more way our industry serves the public good. SPE, both as an organization, and through our volunteers, also finds ways to give back to our communities and the public.
Saudi Aramco's Manifa field demonstrates that our industry can operate in harmony with the environment. Industry needs to minimize the impact of drilling and producing unconventional resources.
Quality: Why Is It So Important Now?
We must deliver the affordable energy that society expects of us, and we must deliver it reliably, safely, and with flawless performance. Quality is not a luxury; it is essential.
Hope Is Not a Strategy … But Without Hope, There Is No Strategy
A great benefit of being the SPE president is the chance to interact with students and young professionals around the world. Many are anxious about the future. I have been asked if this is the worst time ever in the oil business, a question that made me smile.
Sustainability and the Role of Petroleum Engineers
Some think oil and gas have little role in a sustainable future; global realities suggest otherwise. How is it that a finite energy resource and a source of greenhouse gas emissions can be part of a sustainable future?
Social License To Operate
There is widespread acceptance that extraction industries—including oil and gas—improve people’s lives and enable the economic growth of countries. However, at the project level, this acceptance is neither automatic nor unconditional.
The Case for Hydraulic Fracturing
I am disappointed to see public opposition to hydraulic fracturing, because I think, for the biggest part, it is unfounded. It would be inaccurate to deny that there can be problems. But an objective look reveals that its benefits far outweigh its potential risks.
The Grand Challenges for Engineering
The first brief flight at Kitty Hawk in 1903 did not immediately make the Wright brothers famous; however, within 5 years, enthusiasm for the new technology began to spread around the world.
The Perfect Day
What constitutes a perfect day? It depends.
For the Public Benefit
What is the mission of the Society of Petroleum Engineers (SPE)? Why do we collect, disseminate, and exchange technical knowledge?
What You Do is Important
Improving people’s lives is what we do as petroleum engineers, so it is an important theme for us. Oil and natural gas production raises the standard of living of people throughout the world.
2016 SPE President Nathan Meehan
Nathan Meehan is senior executive adviser at Baker Hughes, where he advises executive management on reservoir and geoscience issues.