Category

powerful thinking
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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07
Dec

perfect match: coupling facilities and subsurface simulation models

Throughout the past 10 years, the oil & gas industry has drilled offshore fields that lie in increasingly deeper water. As we go deeper, there is an inherent need for considerable investments to develop these fields and execute complex Field Development Plans (FDP)[1]. These developments of fields with differing reservoir fluids and pressures are brought...
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10
Nov

how valid is consolidation as a survival strategy?

In the first of our recent marine powerful thinking articles, we looked at the recent past and the near future of the shipbuilding industry and how it is placed to meet the challenges of a changing world, and the ‘lower for longer’ oil price. In the second, we looked at how shipbuilding industry leadership has...
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02
Nov

do you trust in collaboration enough to reap the rewards?: written by Michelle Wellsbury

Collaboration vs Co-operation Like many in the industry, io believes collaboration is critical to the success of projects, particularly in this lower for longer environment.  However, the word collaborate is used frequently, in many contexts, and is often used interchangeably with the word cooperate; consequently, the meaning has become diluted and obscure. For example, Oil...
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23
Oct

the necessity of reinvention

If it’s a truism that necessity is the mother of invention, then strategy, by a similar token, must be a parent of re-invention.  This is never more so than in today’s oil &  gas market.  We live in an ever-changing world, and these are increasingly turbulent times.  To survive as the world changes, we must...
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