Category

powerful thinking
09
Aug

associated gas – now it’s your turn to stand up and be counted! written by Stephanie Ng & Safina Jivraj

introduction Since George H. Bussell and Edwin L. Drake made the first successful use of a drilling rig on a well drilled specially to produce oil, (Oil Creek near Titusville, Pennsylvania, 1859), the industry has learnt about the environmental consequences of oil and gas extraction. Over time, governments have worked alongside the extractive industry to...
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27
Jul

Top 10 Barge LNG Benefits written by Tim Highfield & Tim Stringer

Published in Petroleum Economists’ June 2018 issue and republished here with permission. After many years of anticipation, Floating LNG has become a reality. Nearly all the FLNG vessels currently operating, or under construction, are ship-shaped and destined for offshore, over-field locations. Barge based LNG (BLNG), however, is focused on nearshore positioning where LNG facilities are...
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05
Jul

Part II : gas monetisation, external economic and non-technical factors by Stephanie Ng & Himadri Singh

introduction In the first article on gas disposition [1], we looked at the challenges of the disposition of gas co-produced from stranded oil and small marginal pools. In this article, we address the technology required; the external economic challenges; and non-technical factors affecting gas monetisation. With respect to gas disposition, it is io’s belief that...
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14
Jun

collaboration & innovation written by Tim Highfield

Since the oil price crash of 2014 many in the industry have spoken about the need for collaboration to reduce costs, standardisation and increased efficiency, even to the extent of supplier led solutions. This has evolved from technical solutions to collaborative contracting models from suppliers. The topic of collaboration was forefront at this year’s Baker...
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12
Apr

Petromall Insights April 2018 issue: io – developments “starting with the end in mind”

Published in Petromall Insights’ April issue http://www.petromall.org/ and republished here with permission. io – developments “starting with the end in mind” io oil & gas consulting (io), established in 2015 by GE Oil & Gas, now Baker Hughes, a GE Company, and McDermott, helps oil and gas operators plan developments “starting with the end in mind”,...
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04
Apr

if technology is no longer the barrier to change, what is? written by Sami Bryan and Duncan McLachlan

introduction Even as the oil price creeps back up, circa $65/bbl at the time of writing[1], the oil & gas industry still exists in a “lower for longer” environment; prices are unlikely to breach the $100/bbl barrier anytime soon, if ever. In this context, there has been a great deal written about the need for...
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27
Feb

7 oil and gas jobs that will exist in the future

Over the coming decades, all industries will be transformed by converging technological trends that dramatically alter how companies do business. This will undoubtedly lead to many current jobs becoming obsolete. However, technological change will also create countless new roles that companies will need to fill. We’re future-gazing and fast-forwarding to 2040, where we’re looking at...
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08
Feb

how agile is your project development process? written by Jim Isherwood

introduction Agile project management approaches, including flavours such as Scrum and Extreme Programming, have taken the software development world by storm. Proponents praise the flexibility and speed of the method which has gathered ardent followers across the globe. Furthermore, penetration into other industries, such as construction, has begun. As the exploration and production (E&P) industry...
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17
Jan

stranded oil and small marginal pools – what do we do with the gas? by Stephanie Ng

Introduction As a consequence of the prolonged low oil price, resource portfolios are being evaluated on stringent capital efficiency criteria; minimising financial risk; and maximising return on investment. This has naturally resulted in prioritising projects with high value investment ratios, rather than large capital intensive (albeit high absolute net present value) projects; favouring infill, small...
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19
Dec

impact of electric vehicles on oil demand – major disruptor or just part of the mix?

Introduction The rapid rise of renewables; transition to gas as a cleaner fuel; and improved efficiency in energy conversion processes have all led to an increased traction, and significant “air time” in social media and the wider public eye for various doom-and-gloom outlooks for the oil industry. Perhaps generating the most interest currently (pardon the...
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