Risk management
“Riskwashing” refers to a situation where an organization engages in superficial or insincere actions to create the appearance of addressing a particular risk or issue without actually taking substantive action to address the underlying problem. This paper presents methods to identify and minimize riskwashing as an organizational response to incidents.
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While WACC is frequently used as the base discount rate for corporate-level decision-making, using it as a universal discount rate for projects can result in inaccurate project valuations. Incorporating the opportunity cost of capital provides a more nuanced and accurate approach to project evaluation.
This paper presents a method of geomechanical-risk screening and gives examples of its positive effect on the company’s safety standards through implementation of integrated solutions to prevent or mitigate the risks.
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At SPE’s Permian Basin Energy Conference, operators shared behind-the-scenes details on innovations such as drilling horseshoe wells and trimulfrac completions along with in-basin challenges such as handling produced water. -
The late-season hurricane caused damage across western Cuba and now is setting its sights on the US Gulf of Mexico.
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Speaking at this year's ADIPEC, leaders from BP, Shell, Petronas, ADNOC, and Eni said the energy transition must become profitable and that AI will likely play a key role.
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This paper delves into the evolving landscape of drilling automation, emphasizing the imperative for these systems to go beyond novelty and deliver quantifiable financial value.
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This paper provides insight into designing advanced well completions offshore West Africa with autonomous inflow control devices that enable maximizing the producing life of the wells under various challenging reservoir conditions.
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In this exclusive Q&A, Giovanni Cristofoli, senior vice president of bp Solutions, shares insights into how his team is redefining operational strategies and fostering agility to bridge competitive gaps and enhance efficiency. Highlights include the integration of digital tools, data science, and a unified approach to tackling complex problems.
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As Hurricane Francine bore down on the central Louisiana coast, production in the Gulf of Mexico took a hit.
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Hurricane prognosticators continue to believe the 2024 Atlantic storm season will be more active than normal, even after a somewhat slow start. In any case, the oil field is ready.
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SponsoredDive into TAQA’s digitalization and deep learning initiatives that are shaping the company's new approach to its Journey Management System. This innovative concept minimizes transportation-related risks in a period of rapid operations expansion.
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Digital transformation presents a crucial opportunity to cut costs across business domains. This review explores unique digital transformation opportunities in the petroleum industry, highlighting valuable business process automations that can drive significant benefits.
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