Risk management
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.
A seismic prediction model is developed and presented in a case study to simulate the magnitude and timing of triggered seismic events with the intent to manage and mitigate environmental impacts resulting from induced seismicity during subsurface development activities.
Kampala is drawing now on international experience to sidestep the “oil curse” before first crude flows from its Lake Albert developments.
-
This paper details experiences gained while developing a novel technology-driven approach to risk assessment methodologies such as process hazard analysis, hazard identification, and hazard operability in oil and gas. -
Federal infrastructure law gives states financial incentive to remediate orphan wells.
-
The recent Permian Basin earthquakes in Texas are keeping producers, regulators, and service providers busy in their quest to reduce the intensity and frequency of the induced seismic events.
-
Early commitment to new energy projects can jeopardize their chances of success. Understanding and mitigating the risk of these projects is key to their success.
-
The authors of this paper describe a software technology that balances calculated well-integrity risk with the associated financial impact for an entire integrity-surveillance program.
-
This study evaluates well integrity and CO2-leakage risk in wells penetrating a CO2 storage reservoir in Malaysia.
-
The Railroad Commission of Texas is inspecting injection wells in the Gardendale Seismic Response Area where a magnitude 5.3 earthquake and multiple aftershocks struck.
-
After Russia started a war in Ukraine, oil prices increased and brought in higher oil export revenues in the short run. Longer term, things are looking rougher.
-
High prices have predictably led to production booms that end in busts. But in this cycle, the focus has shifted from production growth to cash flow growth.
-
Seven facilities design and public engagement principles are identified as key elements for the future oil and natural gas production facilities for the DJ Basin, and maybe even as a guide for other North American onshore shale basins.
