Risk management
EVP Giulia Chierchia and Chairman Helge Lund are stepping down amidst difficult Q1.
The EIA issued a new forecast for US oil production as a result of US President Donald Trump’s recently announced tariffs.
A 25% tariff on steel imported into the US has some US oil and gas companies nervous about future spending plans.
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Analyzing accidents can demonstrate how much they have in common with everyday operations. Business principles and sound engineering practices can be at odds. -
Change is constant in the oil and gas industry, bringing an increase in operational risk. As companies acquire and develop assets around the world, they must reduce their risk exposure by improving operational integrity.
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The authors present a method to reduce uncertainty in EOR performance adaptively while identifying an optimal operational strategy for a given tolerance to risk.
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A subject field perhaps little known in the oil and gas industry is action science, a strategy for increasing the skills and confidence of individuals in groups to create organizations and to foster long-term individual and group effectiveness.
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Many business and digital corporations claim that between 100 billion and 200 billion devices could be connected by 2020.
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Failure to prioritize objectives and improper selection of candidate wells can have significant implications for both derived value and potential risk.
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Data mining for production optimization in unconventional reservoirs brings together data from multiple sources with varying levels of aggregation, detail, and quality.
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Nontechnical risks, primarily around HSE or social responsibility, increasingly pose risks to project timelines. To manage these risks, companies are seeking systems that can ensure quality performance in these operational areas.
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The Fast Drill Process has become a well-known work flow to identify hole-making limiters and mitigate them through redesign to the economic limit of performance.
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“Decision Making: What Makes a Decision Good,” was the topic of a recent webinar held by the SPE Human Factors Technical Section.
