|Theme||Visible||Selectable||Appearance||Zoom Range (now: 0)|
Decisions in E&P ventures are affected by Bias, Blindness, and Illusions (BBI) which permeate our analyses, interpretations and decisions. This one-day course examines the influence of these cognitive pitfalls and presents techniques that can be used to mitigate their impact. Bias refers to errors in thinking whereby interpretations and judgments are drawn in an illogical fashion. Blindness is the condition where we fail to see an unexpected event in plain sight. Illusions refer to misleading beliefs based on a false impression of reality. All three can lead to poor decisions regarding which work to undertake, what issues to focus on, and whether to forge ahead or walk away from a project. Strategic thinking and planning are key elements in an organisation’s journey to maximise value to shareholders, customers, and employees. Through this workshop, attendees will go through the different processes involved in strategic planning including the elements of organisational SWOT, business scenario and options development, elaboration of strategic options and communication to stakeholders. Examples are provided including corporate, business unit and department case studies. This seminar will teach participants how to identify, evaluate, and quantify risk and uncertainty in everyday oil and gas economic situations. It reviews the development of pragmatic tools, methods, and understandings for professionals that are applicable to companies of all sizes. The seminar also briefly reviews statistics, the relationship between risk and return, and hedging and future markets.
Learn more about training courses being offered. Learn more about training courses being offered. This course covers the fundamental principles concerning how hydraulic fracturing treatments can be used to stimulate oil and gas wells. It includes discussions on how to select wells for stimulation, what controls fracture propagation, fracture width, etc., how to develop data sets, and how to calculate fracture dimensions. The course also covers information concerning fracturing fluids, propping agents, and how to design and pump successful fracturing treatments. Learn more about training courses being offered. Current and future SPE Section and Student Chapter leaders are invited to engage and share.
Challenges In Drilling and Completion Of Extended Reach Drilling Wells with Landing Point Departure more than 10,000ft in Light/ Slim Casing Design. New Generation of HTHP Water Based Drilling Fluid Changing Conventional Drilling Fluids Solutions. Take Back Control of Your Capital Project with an EPC 4.0 Strategy Stratigraphical - Sedimentological Framework for the Thamama Group Development in the Western UAE Based on the Legacy Core Data: How the Key to the Future is Found in the Past. Ultra-deep Resistivity Technology as a Solution for Efficient Well Placement; Geosteering and Fluid Mapping to Reduce Reservoir Uncertainty and Eliminate Pilot Hole-first Time in Offshore Abu Dhabi, UAE. Performance Comparison of two different in-house built virtual metering systems for Production Back Allocation.
Preview for all for October; beginning Nov. login required; access for those who received print JPT Primarily used in a few US states, waste-slurry-injection technology could help operators reduce cost, while also potentially reducing their carbon footprint. But the process may still present technical and environmental challenges. ConocoPhillips Promises Big Changes as It Acquires Concho in $9.7-Billion Deal ConocoPhillips promised more than just growth and costs savings when it announced a deal to acquire Concho. Shell has selected Bentley Systems, a provider of software and digital twin cloud services, to help streamline its capital projects and decrease time to first oil. Marking the end of a 2-year existence, Riviera is preparing for liquidation and dissolution.
As the industry moves toward recovery and stability, OTC will attract global industry professionals, government officials, academic experts, and many other organizational representatives to discuss technology and broader industry issues and assess the future. FEI is a maker of high-powered microscopes whose growth plan in exploration and production includes building a service company. Saudi Aramco’s plan to create a global network of research centers is becoming a reality. It recently celebrated the opening of its Houston center that the company’s President and Chief Executive Officer Khalid Al-Falih described as “an upstream research center like no other.”
The World Bank has urged countries of the Gulf Cooperation Council to prioritize environmental sustainability while diversifying their economies away from a reliance on hydrocarbon revenues in an era of lower energy prices. Saudi Aramco has announced that it is joining the World Bank initiative Zero Routine Flaring by 2030.
Two of Europe’s biggest oil companies urged Texas regulators to end the routine flaring of natural gas, joining with large investors who want greater oversight of the harmful environmental practice. The Oil and Gas Climate Initiative has announced a technical and financial sponsorship commitment of nearly $1 million to the Payne Institute for Public Policy at Colorado School of Mines to develop a transparent web platform to support real-time mapping and tracking of global gas flaring data. The Texas Railroad Commission’s chairman has said the commission will look into policies to “drastically reduce” natural gas flaring from the state’s shale patch as investors become increasingly sensitive to climate-change concerns. The combined effect of COVID-19 and an ongoing oil price war has ushered in one of the worst downturns for the energy industry in modern history. Yet, a bright side is shining through; flaring levels in the Permian Basin have fallen sharply and will continue to decline, a Rystad Energy report shows.
Tensions in the region spike as US blames Iran. The report, the first by a Chinese company in Saudi Arabia, outlines how Sinopec is fulfilling its economical, safety, environmental, and social responsibilities in Saudi Arabia. An oil pipeline that runs across Saudi Arabia was hit by drones on 14 May west of its capital of Riyadh, the Saudi energy minister said, shortly after rebels in Yemen claimed they carried out coordinated drone strikes against the kingdom. Saudi forces have foiled an attempt to blow up an Aramco fuel terminal in southern Saudi Arabia using a high-speed boat laden with explosives, the interior ministry said on 26 April. The ministry accused Yemen’s Houthi group of being behind the attempt.
Saudi Aramco has seen an increase in attempted cyberattacks since the final quarter of 2019, which the company has so far successfully countered, the state oil giant’s chief information security officer said. Saudi Aramco has announced that it is joining the World Bank initiative Zero Routine Flaring by 2030. Flaring by the company has remained at less than 1% of its total raw gas production in the first half of 2019. Saudi Aramco’s Southern Area Oil Operations (SAOO) organization is one of the company’s critical areas of operations. This paper sheds light on SAOO’s continuing journey of sustainability and discusses implemented and planned activities that make sure the journey continues.
A recent ransomware attack caused a US natural gas compressor facility to shut for 2 days, the latest in a string of attacks targeting the country’s energy infrastructure over the past few years. A hack on Italian oil services firm Saipem that crippled more than 300 of the company’s computers used a variant of the notorious Shamoon virus, Saipem said, a development that links the case to a massive attack in 2012 on Saudi Aramco. At least four US pipeline companies have seen their electronic systems for communicating with customers shut down over the last few days, with three confirming it resulted from a cyberattack.