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For the first time, SPE is offering the unique opportunity to sponsor two pre-eminent conferences with a single sponsorship. In essence, all sponsors will receive 2-for-1 benefits from these co-located conferences. Keeping the health and safety of our members, delegates, sponsors, and exhibitors at the forefront of the decision-making and guided by our stakeholders the decision was made to deliver the events virtually. A virtual platform can replicate the experience of being at an ‘in-person’ conference with a lobby, technical session rooms, exhibition hall and networking areas. With a virtual event, attendees take part in secure, online experiences from the comfort and convenience of their home or office.
The EPSO surveys were completed offshore Mexico for Total and Cairn in compliance with requirements of Mexico’s National Agency for Safety, Energy, and Environment. With contracts canceled and pressures mounting, offshore oil drillers struggle to stay afloat. With contracts canceled and pressures mounting, offshore oil drillers struggle to stay afloat. Sandvik and Van Oord’s announcements come a week after oil major BP said it’s slashing 10,000 jobs. Texas LNG’s CEO Vivek Chandra and ALNGE Principal Luc Speeleveld outlined key issues and concerns facing the US LNG industry now and in the future as market dynamics remain affected by COVID-19.
In September 2019, the SPE Board approved important changes to the Management and Information technical discipline. Management is now a separate discipline. Information has been refocused and renamed Data Science and Engineering Analytics. The board agrees this change is necessary to remain relevant and recognize the importance of digital transformation among our members' responsibilities and the industry as a whole. Please take a moment to update your discipline.
With declining trends in production and dwindling reserves for a 35-year-old offshore field, the Samarang Redevelopment Project was initiated with a vision toward implementing integrated operations as an asset-management decision-support tool. This paper describes a case study in which four reservoir models were coupled with a production-network model, with the objectives of maximizing recovery factors, identifying operational problems, and evaluating water-production effects.
The only way we can impact our lives, our families’ lives, the organizations we work for, our countries, or our world is through our decisions. Understanding the rationale behind the decision-making process can help you identify the importance of the issue, issues behind the “real” issue, and what really needs to happen to get things done.
The oil and gas industry has always been a competitive arena, in which handling risks effectively has now become critical for business efficiency. The effect of risks on project costs should be carefully quantified in order to implement efficient measures to mitigate these risks. Charles Osborne of BP diseases the role that real options can play in managing risk. Young professionals examine questions surrounding two risk-related topics—risk perception and the value of risk analysis. A conversation with Tricia Stephens, who recommends getting out of your comfort zone.
Management of produced water is driving subtle yet potentially consequential changes in certain regions. By assessing these common elements, partial risk profiles for both conditions can be assessed. Stanford researchers have mapped local susceptibility to man-made earthquakes in Oklahoma and Kansas. The new model incorporates physical properties of the Earth’s subsurface and forecasts a decline in potentially damaging shaking through 2020. Stanford geoscientists have found a way to detect thousands of tiny tremors around hydraulic fracturing operations that could serve as predictors of eventual larger earthquakes.
Wärtsilä’s integrated infrastructure combines the bridge systems, cloud data management, data services, decision support tools, and access to real-time information for the fleet of tankers managed by Sovcomflot, Russia’s largest shipping company. Wärtsilä plans to develop a harbor tug design to maximize ecological operational sustainability to be used a new port facility being built in the Brazilian city of São Mateus, which will have environmental demands among the most stringent in the world.
Planning and making your next career move a success may be as simple as assessing your personality, journaling about the options, and identifying roles and tasks that have inspired you in the past. We provide here a brief introduction to game theory, which might better be called the theory of conflict and cooperation. Classical decision analysis is more applicable when one party is making the decision; when multiple parties are involved, use of game theory is more appropriate.
An appraisal program involving the Bentley field located on the UK continental shelf has addressed the key technical concerns associated with developing viscous crude in an offshore environment. The number of aging offshore facilities in the Asia Pacific region is increasing. The decision to extend the service life of an offshore asset is made on the basis of detailed technical analyses combined with detailed economical evaluations.