Human resources
The decision keeps the effective tax rate on upstream projects at 78%, prompting new warnings that investments will continue to dwindle in the UK Continental Shelf.
Launched by the SPE Integrated Reservoir Management Technical Section, this initiative provides young professionals with opportunities to apply next-generation skills, build confidence, and develop leadership capabilities, preparing them to guide the industry forward.
The Human Resource Development Corporation and Society of Petroleum Engineers Asia Pacific signed a memorandum of understanding to support the development of a future-ready energy workforce and strengthen Malaysia’s position as a regional hub for technical expertise and innovation.
-
The firm said it will be “restructuring” to “right size its operations” for a slowing market without mentioning how that will affect its workforce. It also says its two major lines of business are worth less than previously estimated. -
As SPE members deal with challenging and uncertain times, they are reminded that there are a number of programs available to provide support and key resources. Read more to see which ones are useful to you and your career.
-
ExxonMobil and Halliburton made additional cuts in spending and personnel.
-
The company's North American business will accelerate a restructuring that includes job cuts and furloughs over the next couple of months.
-
Sandvik and SNC-Lavalin made similar announcements in late March and would take further action if necessary.
-
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.
-
Digital advances allow computers to do many of the tedious tasks once done by engineers, which frees them to focus on more interesting tasks.
-
Artificial intelligence can do some things faster and better than humans can. But that may allow engineers to focus on higher-value tasks.
-
Hon-Chung Lau, professor of petroleum engineering at the National University of Singapore, offered a short guide to a successful career in petroleum engineering at the 2019 SPE Annual Technical Conference and Exhibition.
-
Artificial intelligence and emerging technologies such as virtual personal assistants and chatbots are rapidly making headway into the workplace. Research and advisory company Gartner predicts that, by 2024, these technologies will replace almost 69% of the manager’s workload.
