Asset Management
This article from Murphy Oil outlines a modernization effort that resulted in increased scenario simulation capacity by five to 10 times.
The transaction is expected to strengthen the company's position in Alberta’s oil sands and unlock annual synergies of $54 million.
The transition away from materials that contain per- and polyfluoroalkyl substances (PFAS), co-called forever chemicals, creates an opportunity to preserve historical information. Information that appears to have little operational value today may later become important when organizations need to evaluate past PFAS use. Once that information is lost, recreating it may…
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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 -
This paper presents a pragmatic approach to frame, evaluate, and compare appraisal strategies in resource plays.
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Petroleum engineering enrollment in the US, particularly at the undergraduate level, is increasing in a manner similar to the period between 1976 and 1982.
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In a recent webinar in April, “Ethics for Engineers,” Larry Brown, a licensed professional engineer in Oklahoma and Texas and an SPE Distinguished Member, reminded engineers of the ethical obligations they carry in their professional careers.
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The understanding of decision-making processes is critical in ensuring project success and safety. Project failures—and disasters—can result from the lack of understanding or implementation of sound principles.
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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.
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I had the pleasure of seeing an announcement for the semisubmersible hull destined for the Jack/St. Malo project leaving a South Korean shipyard for another in Texas.
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Plans were developed to produce multiple deepwater reservoirs with vastly different fluid properties from a subsea development in 3,100 ft of water in the Gulf of Mexico.
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The Mensa field is a deepwater Gulf of Mexico (GOM) geopressured-gas field, producing from Upper Miocene sand with faulted four-way closure.
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The success rates of E&P megaprojects has dropped over the past decade. What is causing this falloff in performance?
