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The 25 May death of George Floyd, a black man, at the hands of Derek Chauvin, a white Minneapolis police officer, sparked national and international protests—and the oil and natural gas industry was not immune to the calls for social change. Royal Dutch Shell will announce a major restructuring by the end of the year as the energy company prepares to accelerate its shift toward low carbon, Chief Executive Officer Ben van Beurden told employees, a company source said. Operations during the COVID-19 pandemic and actions to decarbonize operations are among the highlights. The oil and gas industry was created by fierce entrepreneurs, wildcatters, and visionaries. But, in the last 50 years, it has lost its way. The industry desperately needs a paradigm shift. Here are four pillars upon which we think the reinvention of the oil and gas industry should be based. The company is creating two new business groups: Natural Resources, focused on developing the upstream oil and gas portfolio sustainably, and Energy Evolution, dedicated to supporting the evolution of the company’s power generation, product transformation, and marketing. Launched in collaboration with industry leaders and academia, the Microsoft Energy Core aims to accelerate digital transformation, build coalitions for responsible innovation, deliver skilling initiatives, and address sustainability and societal challenges.
Pirates attacked an oil production vessel off Nigeria in the early hours of 2 July and kidnapped nine Nigerian nationals, the ship’s owner BW Offshore said. US pipeline company Energy Transfer has taken the rare step of invoking force majeure—normally used in times of war or natural disaster—to prevent oil firms from walking away from a proposed expansion of the controversial Dakota Access pipeline, according to two sources familiar with the matter. What Are the Security Challenges of the Oil and Gas Market? Protecting the oil and gas market is key to a thriving economy. The list of security challenges for oil and gas requires the best technology solutions the industry has to offer. A panel of experts addresses the question "What are the security challenges of the oil and gas market?"
In response to increasing demand for remote offshore services, Fugro has completed the Middle East’s first fully autonomous geophysical shallow-water route survey. Launched in collaboration with industry leaders and academia, the Microsoft Energy Core aims to accelerate digital transformation, build coalitions for responsible innovation, deliver skilling initiatives, and address sustainability and societal challenges. A new tool developed by Kosmos Energy is allowing the exploration and production company to keep better track of the effect it is having on the environment. The new software enables high-resolution, real-time fracture-stage data to be shown on top of multiple previous stages to visualize optimized performance or to be tracked against an ideal preset stage. The Open Group OSDU Forum aims to create a standard data platform on which members work collaboratively to enable secure, reliable, global access to all subsurface and well data.
Mindfulness is a tool that helps you realize that you have always held choices of your life quietly and it is just a matter to exercise those choices in alignment with your life goals to get going. Workplaces are changing to embrace greater collaboration and interaction. The article speaks to the importance of mentoring and its new and improved version—reciprocal or reverse mentoring. Technical skills will be those by which people judge you when reading your CV, but soft skills open new doors and, what is most important, form your reputation. Graduation marks the end of a period marked by books, projects, exams, and grades and the beginning of a promising and adventurous professional journey.
As the industry continues to cut back on spending because of the downturn, is it worth getting into or staying involved with megaprojects? Kim McHugh, general manager of drilling and completions for Chevron Services Company, and Jake Howard, operations supervisor for Chevron in the Midland Delaware Basin, answer questions on the types of career transitions in the industry and how to handle them successfully. Andy Rogers, vice president of business development at Encana, shares his thoughts on the current state of the industry and provides career advice to young professionals amid the A&D landscape. Industry leaders Janeen Judah of Chevron and Kendra Lema of ConocoPhillips talk about what makes a person good leadership material and the opportunities available in the industry. The past and future decade: Industry leaders Eve Sprunt and Luis Rodriguez speak their minds on a host of industry topics.
Most people think deep introspection will lead to action, but it’s the opposite that is true: Action generates insights. Anytime strict hierarchical structures are shaken, people like you and me have an opportunity to change them. To build a new paradigm. The author delves into how he was fired from a job that he had let consume him—and how that blessing in disguise helped him realize that we aren’t defined by our careers, but instead, that they are simply part of who we are. Former BP CEO John Browne's new book creates links between the engineering principles that brought society where it is today with the principles needed to solve society’s most pressing problems—from climate change to privacy and data security.
Rostand on the challenges of starting a new company, what role alternative and big data will play in oil and gas, and how young professionals can adapt to the volatile industry. Twenty-something Jaime Glas is not your typical young professional. An accomplished petroleum engineer in her own right, she has boldly ventured into the market of women’s fire-retardant clothing, launching her first line of coveralls earlier this year. The author shares the lessons he learned during his transitioning from being an engineer to becoming an entrepreneur. Entrepreneurship in YPs: What Does It Take?