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Facilities engineers in the oil and gas industry have grown in stature over the past decade—the huge sums of capital we now spend have assured that. We are a growing presence as facilities become larger and more complex.

This regular column addresses the social side of engineering. We are pleased to include an article written by two of the more prominent names in decision-theory research. Dale Griffin and Thomas Gilovich describe interesting and important insights from the study of heuristics and biases.

Investments in floating production systems are expected to increase sharply over the next five years, driven by a surge in installations.

As chairman of the Editorial Board for this new Society of Petroleum Engineers (SPE) publication, it gives me great pleasure to welcome you to the readership of the landmark Oil and Gas Facilities magazine.

As the cost to source, transport, store, treat, and dispose of water remains relatively high, water management programs will become a greater priority in the coming year.

The amount of data within industry continues to grow. Information management is a significant challenge, but it provides an opportunity for improved project performance.

Panelists at CERAWeek discussed the numerous steps their companies are taking to achieve large-scale permanent, in addition to cyclical, capex reductions on major projects.

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.

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.

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.