Business/economics
This article analyzes Nigeria’s deepwater fiscal framework by examining its legal foundations, the practical operation of production-sharing contracts, and the allocation of financial risk between the government and international oil companies.
The third and final part of the series covers the facility engineering and petroleum economics aspects of a field development plan.
Petroleum engineering tops the pay scale among engineering majors, with new graduates projected to earn an average starting salary of $100,750, according to the National Association of Colleges and Employers.
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NPR's Planet Money covers the oil business in a 5-series podcast. -
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.
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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."
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TWA Forum Section Editors interviewed experts from a diverse set of project types and discussed the development of the projects in the current economic context.
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As the industry continues to cut back on spending because of the downturn, is it worth getting into or staying involved with megaprojects? A fellow young professional, Sophia Holtsnider, and SPE technical director for production and operations discipline, Jennifer Miskimins, share their views.
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In a market assessment tool for US exporters, the US Department of Commerce’s International Trade Administration ranked 74 markets based on export potential for US oil & gas equipment through 2019.
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IHS’ Kevin Birn discusses the challenges facing the Canadian oil sands and the outlook for the future. Kevin Birn is part of the IHS North American Crude Oil Markets’ team and leads the IHS Energy Oil Sands Dialogue.
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The assessment of service life extension is not unique to oil and gas facilities, and commonalities exist in evaluating the equipment and components in other sectors.
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The discovery of the Zohr natural gas field, the largest in the Mediterranean region, has begun to rejuvenate prospects for the Egyptian economy. Located offshore Egypt, the Zohr field holds more than 30 Tcf of gas in place. Onshore site preparation began in March, and first gas to market is expected in December 2017.
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A great benefit of being the SPE president is the chance to interact with students and young professionals around the world. Many are anxious about the future. I have been asked if this is the worst time ever in the oil business, a question that made me smile.
