TOPICS OF INTEREST
Getting Serious About Transformation: Business Unit Changes Aren’t Enough
Deloitte discusses the “great compression” of the oil and gas industry in which companies’ room to maneuver is restricted. How can the industry avoid a talent gap and stop an organizational challenge from becoming a precarious business problem?
Keystone XL Operator TC Energy Will Have a New Top Boss in 2021
One of North America’s biggest midstream companies is getting a new chief in the new year. He will oversee the construction of a 1,200-mile-long pipeline that has been a decade in the making.
Oilfield Services and Equipment Sector’s Job Losses Surpass 100,000
Although OFS employment is at its lowest point since March 2017, job losses slowed in August as companies start to recover.
COVID-19 Pushes OFS Headcount to Lowest Level in Over a Decade, Revenue Per Employee Set to Decline
Among the top 50 oilfield service firms, downsizing is estimated to land at a headcount of 610,000, down from the 760,000 maintained after the 2016 downturn.
Aker Solutions To Merge With Kværner
The combined company will target the renewables market. Aker Solutions intends to spin off its wind development and its carbon capture technology businesses into two new companies, which will be part of its renewable energy group, Aker Horizons.
BP Sells Alaska Business To Hilcorp for $5.6 Billion
The deal follows BP’s divestment of its global petrochemicals business in late June.
McDermott Exits Bankruptcy With Restructuring and Sale Of Lummus Technology
McDermott’s restructuring comes 5 months after it filed for Chapter 11 protection. The company was struggling with debt since its 2018 acquisition of CB&I.
More Job Cuts Announced in Europe
Sandvik and Van Oord’s announcements come a week after oil major BP said it’s slashing 10,000 jobs.
Saudi Aramco Acquires Majority Stake in SABIC
Aramco’s acquisition of SABIC positions the company as a major global petrochemical player.
Prudent Ways to Restart Big Projects in Post-Pandemic World
Delays and disruptions have stymied project plans in the past few months. How will companies prevent current stresses from morphing into catastrophic issues?
Study Finds Most Workers Prefer WFH as Companies Return to Normal From COVID-19
In a survey of 448 workers across the oil and gas industry, UH Energy asked key questions about returning to work during the global pandemic.
Oil and Gas Steelmakers, Pipemakers Announce Cuts
Tubular steelmaker Vallourec is latest to join reductions in workforce.
Stopping the Blame Game in Safety Incidents
For employees to report on safety incidents, there must be a ‘just culture,’ where issues can be discussed freely and underlying causes investigated and corrected without fear of punitive actions.
Managing Fatigue To Reduce Risk and Improve Work Culture
Companies in the petroleum industry, from exploration and production, to transportation, refining, and distribution, operate around the clock. This paper intends to raise awareness on the impact of fatigue in the petroleum industry and recommend a framework for fatigue risk management.
Integrating Human Factor Engineering in Construction and Fabrication
This paper describes an operator’s experience with HFE during the construction and fabrication/installation phase of projects, including welding during the fabrication of buoyancy tanks, emergency preparedness, and the use of 3D model walk-throughs.
My Picks for Read and Learn: The Role of Culture, Choices, Human Factors, and Fatigue in Safety
Safety depends on developing a dedicated culture mind-set and mitigation of risks, from the planning and engineering phases to the work site. These papers selected by OGF technical paper editor Gerald Verbeek present various practices for reducing and eliminating the number of incidents.
The Missing Piece in Why Some Complex Projects Fail
Why do 80% of megaprojects in the oil industry fail? A recently published book reaches a counterintuitive conclusion on the leadership traits required to run complex projects successfully.
Exceptional Supervision Requires a Consistent Commitment to the Soft Skills
Promotion from a role in field operations to a supervisory position presents its own set of challenges. Although your technical know-how may be topnotch, are you ready to manage people well? These tips point you in the right direction to develop the new skills you’ll need.
Industry Survey Finds Uptick in Expected Hiring and Salaries in Next 12 Months
After a tough 4 years, new research shows that for the first time since 2014 the oil and gas industry expects more new jobs to be created than lost over the next 12 months.
A Box of Operations: How To Influence What You’re Going To Get
Sizing a person’s “operating box” for making decisions and taking actions to make room for ingenuity and affordable mistakes provides opportunities for his and the organization’s learning. Which factors affect the resizing of the box and how can the limits be adjusted to encourage continued growth?
Seven Steps to Safer Operations
These steps can help companies that are looking to digitize their paper-based safety audit programs, inspections, observations, work permit procedures, or other operational processes.
Crushing Gold: The Downside of KISS
Mediocre leadership crushes employee gold and can be the unwitting source of unforeseen organizational outcomes.
Safety for a Helicopter Load/Unload Operation on an Offshore Platform: Optimization From Several Viewpoints and the Psychological Aspects of the Marshaller
Helicopter operations are important in the offshore industry but accidents involving them can have fatal consequences. This paper focuses on risk mitigation during the loading/unloading task of a slickline/wireline job from various viewpoints, including the psychological aspects of the crew.
Building the Skills Needed of a Good Facilities Engineer
A Chevron subsea manager shares his successful approach to developing capabilities in his organization.
The Value of Mentoring in Career Development
A few weeks ago, I noticed that someone had viewed my LinkedIn profile. We all have had this happen, and often it will be recruiters or business development professionals looking for contacts, or people who wish to remain anonymous for some reason.
Building Your Career Character
Much like a character in a novel, a young professional can build their career character.
Panel Focuses on Good Communication for Facilities Engineers
The challenges in achieving effective communication between facilities and reservoir engineers were addressed during a dinner and panel session held during the SPE Annual Technical Conference and Exhibition in October.
Training of Project Managers Gains Traction
The oil and gas industry's performance in executing megaprojects is dismal in terms of cost overruns and schedule slippage. An operating company has introduced a support group dedicated to project management and developed a program based on online resources, social networking, mentoring and coaching
Networking Event Yields Ideas for Improving Technical Competence in Projects
Improving the success rates of major projects by ensuring the technical competence of engineers was the subject of a networking event at the Offshore Technology Conference in Houston in May.
Generational Differences in the Workforce
Charles Wilds, founder and president of SOS Group, presented the need for oil and gas companies to do more for their younger high performers as the average age of the overall workforce continues to shift.
Selected Reading for Facilities Engineers; ATCE Reveals PFC Performance Shortfalls
Recent activities around career planning for facilities engineers led me to a list of "must read" books. The recent ATCE generated two revelations. As an industry, we do a poor job of managing major capital projects, and we do not know how to design separators.
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05 January 2021
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ITEMS OF NOTE
07 August 2018
20 July 2018
16 February 2018
18 December 2017
28 November 2017