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In the Price of Oil, Roberto Aguilera and Marian Radetzki predict a dramatic increase in shale oil and other tight oil production from about 4 million BOPD today to as much as 40 million in 2035. This will have a limiting effect on oil price.
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As operators look to reduce the time and cost for projects, adopting a modular approach to facility design. While this approach may provide some benefits, it may not be the most efficient path.
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Influence is an important part of engineering. It is not enough to develop a brilliant design; you have to convince someone to build it. Intuition and reason are important factors in influence.
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Bernard Looney has been promoted to chief executive for BP. Looney has been chief operating officer (COO) of production in the upstream segment since 2013. He joined BP in 1991 as a drilling engineer, holding positions in the UK North Sea, Vietnam, and the US Gulf of Mexico before moving to executive roles within the company.
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BP promoted Lamar McKay to deputy group chief executive. McKay’s responsibilities will include strategy and long-term planning, safety and operational risk management, technology, and corporate governance. He had previously served as the company’s upstream chief executive since 2013 and has been on its executive team since 2008, a year before his appointment as chairm…
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The amount of data within industry continues to grow. Information management is a significant challenge, but it provides an opportunity for improved project performance.
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Samir Brikho stepped down from his position as chief executive officer (CEO) at Amec Foster Wheeler. Brikho had been Amec’s CEO since 2006, overseeing the company’s USD 3 billion acquisition of Foster Wheeler in 2014. Prior to joining Amec, he served as chief executive at ABB Lummus Global, head of the power systems division at the ABB Group, and was a member of the S…
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In maturing oil wells, oil production is often restricted as reservoir pressure depletes. Two case studies highlight the application of two-screw multiphase pump systems in to extend well life.
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Many of the platforms in the North Sea are late in life, operating long past their initial design expectations due to costly life-extension work. Decommissioning has moved slowly, but the low price environment is likely to accelerate the trend.
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Todd Story joined STV as vice president and operations manager in its energy services division, where he will oversee operations in Denver and Bismarck, North Dakota. Story has more than 20 years of experience in technical management, project management, operations, and business development. He holds a BS in civil engineering from the University of Colorado.
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Why do we as an industry do so poorly in executing large capital projects? Oil and gas is not alone. The many reasons for failure of megaprojects fall into five broad categories.
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The main drivers for sizing gas scrubbers have been performance requirements, process conditions, and project specifications. However, optimizing cost, delivery times, and weight is not the same as improving scrubber performance.
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