TOPICS OF INTEREST
Further Cuts Announced Due to Low Oil Price, Supply/Demand Imbalance
ExxonMobil and Halliburton made additional cuts in spending and personnel.
Upstream Digitalization Is Proving Itself in the Real World
For the upstream industry, where improvement in efficiency or production can drive significant financial results, there is no question that the size of the digital prize is huge. So are the challenges.
Global Upstream Industry Moves Into Survival Mode
As the fallout deepens from the coronavirus pandemic and the global collapse in oil and gas prices, oil- and gas-producing regions around the world are feeling the pain.
Halliburton Issues Mandatory Furloughs at Headquarters
The world’s second-largest service firm has seen its share price tumble by 75% as a result of the COVID-19 pandemic and a brutal price war. Workers at Halliburton’s main campus are among the first to feel the impacts.
2020 Will Be Year of New Directions and Complex Choices for Oil and Gas Industry
Amid weakening confidence and volatile market conditions, greater efficiencies and decarbonization are at the center of the industry’s agenda.
Berry to Succeed Shale Pioneer Hamm as CEO of Continental Resources
Hamm, who has served as CEO since founding Continental in 1967, will become executive chairman effective 1 January.
SPE Talks To: Yogashri Pradhan
In this episode, we discuss how to market yourself and grow your career.
Wallace Appointed CEO of Israel’s Delek Group
The succession at the top role comes amid the independent’s expansion beyond the Eastern Med, with recent acquisitions of North Sea and US Gulf of Mexico assets.
SPE Talks To: Nathan Meehan
Is this the end of petroleum engineering as we know it? 2016 SPE President Nathan Meehan dives into the question on the new SPE Podcast.
Looney To Succeed Dudley as BP CEO
Dudley’s retirement will end an almost decade-long tenure in which he oversaw the company through the aftermath of the Macondo disaster and a generational oil-price slump.
Women in Energy Share Tips, Tricks, and Wisdom at Inaugural Meeting
The real challenge of attracting and retaining women to the industry is unrelated to gender.
Built on Several New Tools, Marathon’s Digital Oilfield is Maturing
Marathon Oil says its shale fields are producing more oil and gas with less hands-on work from company personnel thanks to a growing arsenal of digital technologies and workflows.
Idle Drilling Rigs Actually Require a Lot of Work
When a rig is stacked, its owner has two choices: spend millions to keep it in good shape, or let it rust out. These two companies describe what it is like to maintain their assets for the day that a contract comes.
Aramco Hires More Women in March Toward Gender Diversity
The world’s largest oil company says it has doubled the number of women working for it in the last decade and is spearheading a number of initiatives to grow the trend.
New Hires: Bridging the Gap Between Academics and Needs in the Oil Field
An ATCE special session featured a range of perspectives on the importance of training beyond academic education in preparing new industry hires to develop long-term, sustainable careers.
Better Safety Performance Measures Can Lead to Change by Improving Conversations
This paper examines the use of injury rates as a key performance indicator (KPI). It argues that, as a KPI, injury-frequency rate is no longer a valid measure.</p>
Growth in Offshore Activity Could Lead to Recruitment Boom
The past years’ stable workforce levels in the upstream petroleum industry—balanced by increases in shale workers and decreases in offshore workers—are set to shift with a boost in offshore projects, one research firm says.
Someday Soon, a Computer Will Do the Report for the Morning Meeting
When the drilling crew arrives for the morning meeting, the computer will have generated its daily operations report.
How ConocoPhillips Solved its Big Data Problem
Unconventional operators are finally beginning to use to their advantage the nearly endless stream of data they’ve collected over the years. ConocoPhillips explains how it has seen real improvements in its operations by removing data friction and opening up access across typical work silos.
Another View: People Strategies Need To Keep Up With Rapid Digitalization
The world is digitalizing all around us. Within the energy sector, the lower-price environment since 2014 has increased the pace of change and the scope of digital integration. But, are you bringing your people strategy along?
Company’s Integrated Approach Tackles Fatigue Management
This paper describes the integrated approach taken by Petronas to reinforce effective management of fatigue.
It’s Official: GE, Baker Hughes Complete Merger
The merger of industrial giant GE and oilfield services firm Baker Hughes closed on 3 July, creating the second-largest oil field services firm in the world.
After Years, ‘Big Crew Change’ Has Passed, But Learning, Training Challenges Remain
While the industry grappled with the disruptions caused by collapsing oil prices, the long-awaited “big crew change” took place almost unnoticed. But some of its challenges remain.
Are You Ready for the Oilfield Recovery?
Companies need effective talent acquisition and retention programs to succeed in the pending economic recovery.
OTC 2017: Where to Find the Best Networking Opportunities and Emerging Technologies
Before you head to OTC 2017, make plans for the event’s best opportunities for professional networking and to learn about the array of new technologies pushing their way into the business.
Schlumberger: New Automated Hydraulic Fracturing Tech Trims Time and Workforce Requirements
A new spread of stimulation equipment from the world’s largest service company demonstrates the latest significant step to creating a more automated oilfield.
Salary Survey: Annual Survey Shows Declining Industry Salaries
Petroleum industry professionals reported an average calculated total compensation of USD 185,001 in 2016, less than reported in previous years, according to the latest annual SPE Salary Survey.
A New Reality for Training and Safety Technology
Virtual reality technology has become a powerful training tool for companies looking to recreate real-life, on-the-job oil industry scenarios.
Upgrading Soft Skills During Boom and Bust Business Cycles
Given the cyclical nature of the industry, how might individuals and companies prepare for a potential re-emergence of the boom cycle? This article emphasizes the importance of soft skills in navigating the effects of systems and structures on human patterns of behavior.
Guest Editorial: How To Thrive in a Downturn
The industry is in one of its periodic downturns. Jobs are uncertain or scarce. Profitability is challenged. Bankruptcy looms. Projects are being canceled. Deals are dropped or delayed. It seems there is bad news everywhere. So how do we survive in this environment?
So Many Jobs Have Been Cut It Is Hard To Count Them All
The impact on workers from the global downturn is so large it is difficult to track. At the high end of the job loss estimates is John Graves, owner of Graves & Co., who estimated the number of jobs lost in the oil and gas industry at more than 250,000 at year end, and rising.
Talent & Technology: Royal Dutch Shell’s Journey to Strategic Competence Management
Shell undertook a 5-year program to address some of the universal challenges of competence management along with several internal improvement opportunities. The result has been the global implementation of a strategic solution that fundamentally reshaped how competence is managed within the company.
From Air to Sea: Introducing Crew Resource Management to the Offshore Industry
Despite a number of recent and high-profile jetliner crashes, commercial aviation has entered into a new era of safety. There is a lot the oil and gas industry can learn from their success.
Annual SPE Salary Survey: Petroleum Industry Salaries Fall in 2015
In SPE's annual salary survey, average total compensation dropped back to 2013 levels after an increase last year. Nonetheless, more than half of respondents reported that their base pay increased in 2015.
Reducing Time to Autonomy for Technical Staff
This paper describes Royal Dutch Shell’s approach to developing the pipeline of technical professionals.
Technical Master Class: A New Approach to Knowledge Transfer
Technical master classes (TMCs) are a new training concept designed to accelerate building expertise among geoscience, engineering, and commercial professionals.
Hands-On Teaching for Petroleum Engineers in the Twenty-First Century
This paper presents the results of student competitions held at Clausthal University of Technology.
Don't miss out on the latest technology delivered to your email weekly. Sign up for the JPT newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
27 March 2020