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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.
More than two dozen storage tanks holding crude oil, gasoline, and other contaminants ruptured or otherwise failed when Harvey slammed into the Texas coast, spilling at least 145,000 gal of fuel and spewing toxic pollutants into the air, according to an AP analysis of pollution reports. Measuring product in oilfield storage tanks can pose significant risks to workers if proper precautions are not taken. This video discusses the risks and ways they can be reduced to protect workers. Italian oil major Eni said on 18 April it had decided to temporarily shut down a treatment plant serving its biggest domestic oil field in southern Italy to meet a local order.
Topics include processing systems and design, flow assurance, subsea operations, measurement and control, platforms and floating systems, facilities operations, pipelines, flowlines and risers, and facilities operations. Peer-reviewed papers and articles are published in the Oil and Gas Facilities online magazine.
The company said its goals underscore its strong environmental, social, and governance performance as it responds to rising global energy demand. In addition, it said, the goals are aligned with the United Nation’s Sustainable Development Goals. Working to lower sulfur dioxide and carbon monoxide emissions is beneficial from an environmental point of view, but it is not free. In fact, it comes with a substantial cost increase. This paper explores options for emission reduction at ADNOC’s Habshan gas-processing plant along with their costs.
The UK’s offshore oil and gas industry has committed to halving operational emissions in the next decade, confirming its pathway to becoming a net-zero emissions basin by 2050. As industry imposes work from home, health checks, and other severe measures, could digitalization provide relief? UK's First Carbon Capture and Storage Project Could Be Operational by Mid-2020s The Acorn Project will capture about 200,000 tonnes of carbon dioxide from the St. Fergus Gas Terminal and transport it for storage to one of three depleted gas fields using existing pipelines. Levels of stress and mental health problems among UK workers are at a 17-year high, according to the latest injury and ill health statistics published by the Health and Safety Executive. The UK’s offshore oil and gas industry continued to see improvement across a broad range of health and safety indicators last year, according to a key insight published by Oil & Gas UK. Offshore Industry Has Come'Perilously Close to Disaster,' Warns UK's Health and Safety Executive The Health and Safety Executive (HSE) has warned the UK’s offshore oil and gas operators that they must do more to tackle hydrocarbon releases in the North Sea after coming “perilously close to disaster” in recent years.
Gasoline and diesel demand are set to increase YoY beginning in Q3 2020. In this work, the authors developed a numerical model of in-situ upgrading (IU) on the basis of laboratory experiences and validated results, applying the model to an IU test published in the literature. Unconventional development has made it clear to Erdal Ozkan that conventional theory overlooks a lot of potentially productive rock. He talks about looking for ways to do better as part of JPT’s tech director report. Completion engineers feel pressure to maximize production per acre and minimize the downsides of fracturing in tight spaces.
Fed by big data loads from big operators, a university consortium and software firm are each working to make upstream data access as quick and easy as a Google search. Researchers have developed a drilling-data-aggregation and -distribution system that seamlessly integrates all forms of data, file types, and communication protocols and incorporates human-factors engineering in the design. In this study, the authors demonstrate a reliable, cost-effective methodology that empowers shale operators with reservoir data on every well. One of the biggest ways to lower the cost of production from shale would be to identify zones that are productive, or not, before fracturing them.
Enhanced Gas Recovery: Benefits Seen in Downhole vs. Wellhead Gas Compression Extensive analysis has led to the conclusion that downhole gas compression provides a greater increase in gas production than wellhead gas compression because of the additional drawdown created. In drawdown management, operators can exert control over the downhole flow pressure, reservoir pressure, and choke size to avoid estimated ultimate recovery (EUR) losses.
Energy sources are vital to sustain and grow the world economy. As of today, the world mainly relies on fossil fuel as the source of energy for transportation, power generation, chemicals manufacturing, and other industrial applications. The conventional sources of hydrocarbon are steadily declining; however, the oil and gas industry has been successful in finding unconventional hydrocarbons, such as heavy oil and shale gas. There are distinct challenges in producing and processing the hydrocarbons from unconventional sources into usable end products. Reducing the footprint during the production of oil, refined products, and gas will benefit the industry by reducing the overall cost and improving the health, safety, and environmental impact.