Category

powerful thinking
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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13
Oct

why has the industry turned its back on long distance subsea tiebacks? written by Iain Bennett

The first decade of this century witnessed the successful completion of a number of field developments that featured long range tie-back to shore as the facilities solution, notably projects like Snøvhit, West Delta Deep and Ormen Lange.  This had the result of increasing the range of tie-back solutions up to 150km, but in the last...
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05
Oct

Richard Dyson: big data interview

This week’s Powerful Thinking article is a Q&A on Big Data with io CEO, Richard Dyson. An extract of these questions and answers first appeared in the “Drilling deeper into data” article written by Karen Boman in October’s Offshore Engineer magazine, this article can be read at: http://mydigitalpublication.com/publication/?m=41347&l=1&p=&pn=#{“issue_id”:441740,”page”:20} How would you define Big Data? At...
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02
Oct

interview with Richard Dyson in Offshore Engineer magazine

in this month’s edition of Offshore Engineer magazine (October 2017), the article “drilling deeper into data” includes an interview with io’s CEO, Richard Dyson. In the interview, Richard discusses io’s belief that the true value from big data will be derived from an holistic approach, combining subsurface, subsea, facilities and operating data derived throughout the...
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