sustainability

Working as an environmental and social performance leader in the extractive industry presents challenges in many areas. Among them is the integration of economic, environmental, and social considerations into business decision making for sustainable development.

Digital technologies serve as a primary theme of this year’s group, with a few environmentally conscious firms included in the mix. The well will immediately be brought on production and is expected to flow at more than 100 MMscf/D of gas and 3,000 B/D of associated condensate, the company said. The main goal of production logging is to evaluate the well or reservoir performance. The shale sector is studying the results of a 23-well experiment in the southeastern corner of New Mexico to learn what the wider implications might be. The shale sector is making moves to consolidate amid investor pressure to increase cash flow.

When SPE’s international health, safety, and environment conference opens in April, it will bring together professionals from around the world. This gathering of professionals, on top of the technical information shared, is what makes the conference so important, said Jack Hinton, program cochair. Independent Project Analysis (IPA) partnered with the sustainability department of a major integrated oil company to study the effect of core sustainability practices on capital project outcomes. IPIECA has partnered with the United Nations Development Programme (UNDP) and the International Finance Corporation to develop a shared understanding of the implications of the UN SDGs for the oil and gas industry and how the industry can most effectively contribute. Water management for upstream will transform over the next few years.

The 2019 Global Award of the International Association for Impact Assessment was awarded to the Arctic Council, honoring the council’s promotion of sustainable development and environmental protection. Norway’s Statoil on 24 April played down concerns that drilling in the Arctic is risky, days before it starts its drilling campaign in the Barents Sea, where the country believes around half of its remaining resources could be located.

Some of the trends and issues related to water management for tight oil and gas are discussed, including environmental, sustainability, and legislative issues associated with water handling for hydraulic fracturing. Some of the trends and issues related to water management for tight oil and gas are discussed, including environmental, sustainability, and legislative issues associated with water handling for hydraulic fracturing.

KBC, a Yokogawa company, announced the launch of a new Energy and Sustainability Co-Pilot hub in Singapore to address the Singapore government’s environmental sustainability initiatives. Eleven men were charged in a Singapore court on 2 January in connection with a large-scale oil theft at Shell’s biggest refinery, while police said they were investigating six other men arrested in a weekend raid. ExxonMobil announced that it is partnering with two Singapore universities to open a Singapore Energy Center in 2019 to focus on new discoveries and significant improvements to technologies that could enhance energy efficiency and other efforts to mitigate the risks of climate change.

The new SPE Sustainability Award is the first industry award recognizing individuals contributing significantly to advancing industry practice. Oil and Gas UK and Step Change in Safety announced the Offshore Safety Award winners on August 23.

The guidance focuses on the business purpose of health services in the oil and gas sector and the additional value that effective leadership around health and human performance can bring. IPIECA, the oil and gas industry association for environmental and social issues, has released a new fact sheet in an effort to promote carbon capture and storage. SPE signed agreements with two leading industry associations to promote knowledge sharing and best practice in social responsibility. An online seminar set for 14 November will introduce IPIECA's new Community Liaison Officers Team Building and Management Guidance. Three global energy industry associations have signed on to the Methane Guiding Principles to increase focus on reducing methane emissions across the natural gas value chain.

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. Saudi Aramco and Raytheon signed a memorandum of understanding to establish a joint venture that will develop and provide cybersecurity services in Saudi Arabia and the region.

Behavior-based safety is not a new concept nor is it new at Murphy Oil. But when Murphy launched its Safety Observation Program as a digital tool, it revitalized the way the culture of safety spread throughout the company. The company's 2019 report reinforces the strategic importance of responsible oil and natural gas development while investing in local communities.