Sustainability
The power from the first turbine to come online will be used to help run the Gullfaks A platform in the North Sea. Seven of the 11 turbines in the field are expected to begin producing power within a year.
This research addresses the bottlenecks experienced in supply-chain management (SCM) in an African hydrocarbon company. These bottlenecks slow down processes and make the procedures tedious, leading to operational inefficiencies. This paper discusses the security of the SCM data and the overall automation of the procurement value chain, providing transparency to the s…
Divesting from fossil fuel assets makes a big statement. Its impact, however, is murkier. Selling off an asset requires someone else to buy it, which, in the case of fossil fuels, can mean breathing new capital into the exact assets companies are trying to choke. But there’s another approach: running those assets into the ground.
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H2 Industries says it has developed a way to convert gas that normally would be flared into clean hydrogen and solid carbon at the oil field. -
This paper provides an overview of strategies, approaches, technologies, and tools that enable companies to prioritize social-good, natural processes and restoration of natural resources as part of business and operations.
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Investors say they value a company’s data on sustainability almost as much as they value its financial data. They need to be able to trust it as much, too.
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Carbon capture and storage continues to grow worldwide, according to a report released by the Global CCS Institute. The report reveals a record high of 196 commercial CCS facilities in the project pipeline, including 30 projects in operation, 11 under construction, and 153 in development.
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The model of “learn at school and do at work” is outdated and must keep up with the changing environment of the Industrial Revolution 4.0. Petroleum engineering curricula, therefore, must also change accordingly. It is time to examine the core curricula being taught at petroleum schools so that long-term sustainability can be established.
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The need to increase management and boardroom commitment to change will never go away, but it needs to be matched with a focus on directing the commitment that exists into the most effective areas, with actions that deliver real impact. In particular, there are four priorities business should pursue.
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As we continue to reduce our reliance on fossil fuels, we risk becoming more vulnerable if we don’t start associating climate resiliency with cyber resiliency.
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Data collected from programs such as Energy4Me and the PetrolCopa Reto Escolar in Colombia have been analyzed to show how data science can improve the methodologies used by the data center of the SPE Colombian Section to improve the relationship between the industry and local communities.
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The SPE Annual Technical Conference and Exhibition kicked off with an in-depth discussion of the challenges facing the oil and gas industry, including the energy transition and the industry’s role in it.
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Sustainability has become the new corporate imperative. Companies have begun doing their homework, diligently setting up a number of initiatives. This is a good starting point, but too often, firms are unable to systematically scale these efforts to achieve a more transformative outcome.
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