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Sustainability

Updated Guide Aims To Improve Breadth, Transparency of Sustainability Reporting

The fourth edition of the Sustainability Reporting Guidance for the Oil and Gas Industry increases the number of issue areas from 12 to 21 and includes a greater focus on climate and energy.

March 29, 2020 • HSE Now
Business/economics

Russian Government Buys Venezuelan Assets From Its Own Oil Company

US sanctions appear to have prompted a change in ownership. It is unclear how the new arrangement will impact Venezuela’s diminishing ability to export crude oil.

March 29, 2020 • Journal of Petroleum Technology
Safety

Coronavirus Delays Vital Safety Work Across Oil and Gas

Restrictions on the numbers of contractors on rigs, pipelines, and production sites are forcing companies to delay work that’s been planned for years.

March 29, 2020 • Bloomberg • HSE Now
Data & Analytics

IT, Business Must Team Up To Survive Digital Transformation

Moving away from siloed organization to the co-creation of an IT/business strategy is an important progression in the journey of digital transformation.

March 22, 2020 • Anjana Sankara Narayanan • Data Science and Digital Engineering
LNG

Status Updates of North American LNG Projects Offer a Mixed Bag

Several companies have provided updates on their North American LNG projects, including Pembina, LNG Canada, and Sempra. The outlooks vary from plans to move ahead to others seeking money to stay afloat.

March 23, 2020 • Brian Balboa • Oil and Gas Facilities
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Business/economics

Chevron Hits the Brakes on Permian, Cuts $8 Billion Across Company

The international major has lowered its output forecast in the world’s most prolific unconventional basin by 20%.

March 23, 2020 • Journal of Petroleum Technology
Digital Oil Field

Extended-Reality Initiative Optimizes Wellsite Planning

Immersive technology on projects such as wellsite planning incorporates XR, drones, and collaboration.

March 23, 2020 • Brian Balboa • Oil and Gas Facilities
Human resources

UPDATE: Schlumberger Cuts Executive Salaries, Workforce

The company's North American business will accelerate a restructuring that includes job cuts and furloughs over the next couple of months.

March 31, 2020 • Oil and Gas Facilities
Business/economics

Aker Solutions To Provide Umbilicals for Chevron’s Gulf of Mexico Project

The umbilicals will be designed and manufactured at Aker Solutions’ facility in Alabama.

March 24, 2020 • Oil and Gas Facilities
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Fracturing/pressure pumping

The US Fracturing Market Is Sinking, But How Low Will It Go?

Shale producers are pulling completions crews out of the field to respond to the recent price crash, but the contraction has only begun.

March 25, 2020 • Trent Jacobs • Journal of Petroleum Technology

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