Business Benchmarks

By the end of 2018, Western Australia will be exporting nearly 50 million tonnes per annum of LNG. This is an exciting time for the young professionals lucky enough to call Perth their home.

At the 2017 ATCE, top executives from inside and outside the upstream business discuss how they are delivering a sustainable future.

Marketing communications occupies an important position in the oil and gas industry. In an industry currently in transformation, promoting brand awareness and defining and conveying differentiators in a crowded marketplace is critical.

The industry is facing one of the toughest challenges of its lifetime, but exploration and production companies are slowly and steadily adapting to the new changes.

NOV CEO Clay Williams talks about his experiences managing business challenges and opportunities, thoughts on product development and M&A activity, and his opinion on where the oil and gas industry is going in the future.

With more than 60% of oil and 80% of gas production coming from non-OPEC nations, and US shale production proving to be resilient, OPEC's influence on oil markets may decrease but it's role in market dynamics is still important.

There are numerous career paths available within the midstream sector due to the very diverse nature of the systems involved. There are avenues for virtually all engineering disciplines and the opportunity for cross-training and advancement is tremendous.

Innovation occurs by thinking differently and creatively. What makes innovation commercial is its desirability to users, its viability in the marketplace, its economic soundness, and its basis in workable technology.

Megaprojects require billions of dollars of investment, multidisciplinary teams, meticulous planning, flawless execution, and cutting-edge technology. To ensure their success, the energy industry will have to focus more on containing project risks, reducing delays, and ensuring faster “first oil."

This article discusses the relationship between commodity prices and M&A activities and explores what drives corporate acquisitions.