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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Employees place great emphasis on training and development opportunities when choosing employers, and lack of training and skills development could hamper the oil and gas industry’s short-term potential for production growth. -
Charles Wilds, founder and president of SOS Group, presented the need for oil and gas companies to do more for their younger high performers as the average age of the overall workforce continues to shift.
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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.
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Recent activities around career planning for facilities engineers led me to a list of "must read" books. The recent ATCE generated two revelations. As an industry, we do a poor job of managing major capital projects, and we do not know how to design separators.
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Project management is one way to keep an eye on the big picture. Focusing on the little things too can increase your bottom line. The complexity of modern facilities construction projects necessitates a cradle-to-grave approach to managing projects over long periods of time.
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The oil and gas industry is technical and challenging. Because the technical issues are dealt with by humans, we also face social, psychological, and cognitive issues which are frequently as challenging. In this regular column, we address the softer side of engineering.
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Facilities engineering has grown with the industry’s advance into deep water and the development of complex subsea systems to produce the resources found there.
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Shell’s Parque das Conchas project, an ultradeepwater heavy-oil development in the northern Campos basin offshore Brazil, has won the IPTC Excellence in Project Integration Award. The award recognizes significant and unique achievements in managing and directing a project from discovery to delivery.
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Earlier studies showed that the results of oil and gas megaprojects were quite similar to the results from other industries. More investigation shows a poorer track record, largely due to the poor functional integration that characterizes upstream project organizations.
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The ultimate success of a deepwater project depends on phases from early concept selection, design, construction, commissioning, and startup to operation. However, the boundaries and transfer of responsibilities may not be sharply demarcated between phases.
